Principal Financial Group Inc - Registered Shares
PFG
Market Cap$17.02B
Close$
Earnings Call Q4 2024
February 7, 2025 - AI Summary
Strong Financial Performance: For 2024, Principal Financial Group achieved a non-GAAP operating earnings of $1.8 billion, translating to $7.65 per diluted share, an 11% increase from 2023. In Q4 alone, earnings grew by 16% year-over-year, reflecting successful execution of their growth strategy despite challenges from foreign currency impacts.
Capital Deployment and Shareholder Returns: The company returned $1.7 billion to shareholders in 2024, including $1 billion through share repurchases and a 10% increase in dividends. A new $1.5 billion share repurchase authorization was also approved, alongside a commitment to maintain a 40% dividend payout ratio, showcasing confidence in ongoing cash flow.
Favorable 2025 Outlook: For 2025, Principal is targeting continued non-GAAP EPS growth of 9% to 12% and an ROE of 14% to 16%. The company anticipates improved variable investment income (VII) and expects $1.4 billion to $1.7 billion in capital deployments, including $700 million to $1 billion in share buybacks.
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$122.63
59.8% upside
Current Fair Value
59.8% upsideUndervalued by 59.8% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $17.02 Billion |
|---|---|
| Enterprise Value | $17.50 Billion |
| Dividend Yield | $2.96 (3.89986824769433%) |
| Earnings per Share | $6.77 |
| Beta | 1 |
| Outstanding Shares | 224,971,715 |
Return
| Return on Equity | - |
|---|---|
| Return on Assets | - |
| Return on Invested Capital | - |
Valuation & Multiples
| P/E Ratio | 15.71 |
|---|---|
| PEG | -17.27 |
| Price to Sales | 1.1 |
| Price to Book Ratio | 1.5 |
| Enterprise Value to Revenue | 1.11 |
| Enterprise Value to EBIT | 5.3 |
| Enterprise Value to Net Income | 16 |
| Total Debt to Enterprise | 0.25 |
| Debt to Equity | 0.39 |
Revenue Sources
No data
Insider Trades
ESG Score
No data
About Principal Financial Group Inc
17,600 employees
CEO: Larry Zimpleman Principal helps people and companies around the world build, protect and advance their financial well-being through retirement, insurance and asset management solutions that fit their lives. Its employees are passionate about helping cli...