PPL Corp

PPL Corp

PPL

Market Cap$24.4B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
PPL CorpPPL Corp29.63.06%26%30.8

Earnings Call Q3 2024

November 1, 2024 - AI Summary

**Earnings Performance**: PPL Corporation reported Q3 2024 GAAP earnings of $0.29 per share, a decrease from $0.31 per share in Q3 2023. Adjusted ongoing earnings were $0.42 per share, down $0.01 year-over-year, driven by higher operating costs in various segments. However, year-to-date GAAP earnings increased to $0.96 per share compared to $0.85 per share in the same period last year, indicating overall improvement in earnings performance.
**2024 Ongoing Earnings Forecast**: The company narrowed its 2024 ongoing earnings forecast to a range of $1.67 to $1.73 per share, raising the midpoint to $1.70. This reflects solid year-to-date performance and confidence in achieving growth targets, with expected annual growth in earnings per share and dividends of 6% to 8% through at least 2027.
**Capital Investment Plans**: PPL plans to invest $14.3 billion in infrastructure improvements from 2024 to 2027, targeting reliable and cleaner energy for customers. The company is seeking to capitalize on data center connections and strengthen utilities against severe weather through these investments. However, significant generation investments are required to meet growing demand, particularly from data centers, posing both opportunity and risk.

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$37.00

Target Price by Analysts

10.5% upsidePPL Target Price DetailsTarget Price
$31.89

Current Fair Value

4.7% downside

Overvalued by 4.7% based on the discounted cash flow analysis.

Share Statistics

Market cap$24.40 Billion
Enterprise Value$26.35 Billion
Dividend Yield$1.03 (3.06261343012704%)
Earnings per Share$1
Beta0.83
Outstanding Shares737,773,000

Return

Return on Equity-
Return on Assets-
Return on Invested Capital-

Valuation & Multiples

P/E Ratio29.6
PEG-425.51
Price to Sales3.04
Price to Book Ratio8.37
Enterprise Value to Revenue3.18
Enterprise Value to EBIT24.09
Enterprise Value to Net Income31
Total Debt to Enterprise0.1
Debt to Equity0.79

Revenue Sources

No data

Insider Trades

ESG Score

No data

About PPL Corp

12,000 employees

PPL Electric Utilities Corporation, a subsidiary of PPL Corporation, provides electricity delivery services to about 1.4 million customers in Pennsylvania.