Company Valuation: PPL Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 22,567 21,515 19,976 23,955 25,906 25,940 - -
Change - -4.66% -7.15% 19.92% 8.15% 0.13% - -
Enterprise Value (EV) 1 30,205 35,387 35,249 40,455 44,185 46,261 48,350 50,278
Change - 17.16% -0.39% 14.77% 9.22% 4.7% 4.51% 3.99%
P/E -15.6x 28.6x 27.1x 27.1x 22x 17.9x 16.4x 15.1x
PBR 1.61x 1.62x 1.43x 1.7x 1.77x 1.65x 1.55x 1.46x
PEG - -0x -13.82x 1.4x 0.7x 0.9x 1.69x 1.76x
Capitalization / Revenue 3.9x 2.72x 2.4x 2.83x 2.87x 2.68x 2.53x 2.39x
EV / Revenue 5.22x 4.48x 4.24x 4.78x 4.89x 4.78x 4.72x 4.63x
EV / EBITDA 11.9x 13.6x 11.9x 13.1x 12.5x 11.4x 10.6x 9.86x
EV / EBIT 21.2x 25.8x 21.6x 23.2x 20.8x 17.9x 16.7x 15.5x
EV / FCF 102x -83.3x -55.8x -87x -31.5x -26x -21.3x -23.8x
FCF Yield 0.98% -1.2% -1.79% -1.15% -3.17% -3.84% -4.7% -4.21%
Dividend per Share 2 1.66 0.875 0.96 1.03 1.09 1.143 1.207 1.271
Rate of return 5.52% 2.99% 3.54% 3.17% 3.11% 3.32% 3.5% 3.69%
EPS 2 -1.93 1.02 1 1.2 1.59 1.921 2.108 2.289
Distribution rate -86% 85.8% 96% 85.8% 68.6% 59.5% 57.2% 55.5%
Net sales 1 5,783 7,902 8,312 8,462 9,042 9,685 10,245 10,849
EBITDA 1 2,545 2,607 2,965 3,097 3,545 4,070 4,563 5,099
EBIT 1 1,424 1,374 1,630 1,740 2,129 2,581 2,887 3,240
Net income 1 -1,480 756 740 888 1,181 1,456 1,631 1,799
Net Debt 1 7,638 13,872 15,273 16,500 18,279 20,321 22,410 24,338
Reference price 2 30.06 29.22 27.10 32.46 35.02 34.47 34.47 34.47
Nbr of stocks (in thousands) 750,716 736,318 737,124 737,970 739,739 752,545 - -
Announcement Date 18/02/22 17/02/23 16/02/24 13/02/25 20/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13.01x5.57x11.93x4.25% 78.35B
12.98x1.46x7.59x5.76% 68.79B
16.2x1.11x9.27x3.33% 53.72B
16.74x6.47x13.88x3.13% 55.1B
19.79x2.65x9.19x2.25% 48.26B
65.25x21.08x36.48x0.23% 39.12B
16.36x4.91x9.63x4.57% 36.75B
17.45x4.86x12.73x3.63% 36.62B
19.66x5.62x12.8x2.84% 29.37B
Average 21.94x 5.97x 13.72x 3.33% 49.57B
Weighted average by Cap. 20.24x 5.44x 12.97x 3.55%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield