Market Cap
US$24.7b
Last Updated
2019/12/06 23:47 UTC
Data Sources
Company Financials +
Executive Summary
PPL Corporation, a utility holding company, delivers electricity and natural gas in the United States and the United Kingdom.
Rewards
Risk Analysis
Snowflake Analysis
6 star dividend payer and undervalued.
Similar Companies
Share Price & News
How has PPL's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PPL has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
0.2%
PPL
0.7%
US Electric Utilities
-0.3%
US Market
1 Year Return
10.5%
PPL
13.1%
US Electric Utilities
18.6%
US Market
Return vs Industry: PPL underperformed the US Electric Utilities industry which returned 13.1% over the past year.
Return vs Market: PPL underperformed the US Market which returned 18.6% over the past year.
Shareholder returns
| PPL | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.2% | 0.7% | -0.3% |
| 30 Day | 3.2% | 1.2% | 2.2% |
| 90 Day | 15.4% | 0.9% | 5.6% |
| 1 Year | 15.1%10.5% | 16.8%13.1% | 21.1%18.6% |
| 3 Year | 18.0%2.6% | 46.9%32.4% | 45.6%36.2% |
| 5 Year | 33.1%-1.9% | 65.0%37.0% | 71.1%52.2% |
Price Volatility Vs. Market
How volatile is PPL's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 days ago | Simply Wall St
Should You Worry About PPL Corporation's (NYSE:PPL) CEO Salary Level?2 weeks ago | Simply Wall St
Investors Who Bought PPL (NYSE:PPL) Shares A Year Ago Are Now Up 10%4 weeks ago | Simply Wall St
Earnings Beat: PPL Corporation Just Beat Analyst Forecasts, And Analysts Have Been Updating Their ModelsValuation
Is PPL undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PPL ($34.37) is trading below our estimate of fair value ($226.44)
Significantly Below Fair Value: PPL is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: PPL is good value based on its PE Ratio (13.8x) compared to the Electric Utilities industry average (23.9x).
PE vs Market: PPL is good value based on its PE Ratio (13.8x) compared to the US market (18.5x).
Price to Earnings Growth Ratio
PEG Ratio: PPL is poor value based on its PEG Ratio (7.1x)
Price to Book Ratio
PB vs Industry: PPL is good value based on its PB Ratio (2.1x) compared to the US Electric Utilities industry average (2.2x).
Next Steps
Future Growth
How is PPL forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
1.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PPL's forecast earnings growth (1.9% per year) is above the savings rate (1.7%).
Earnings vs Market: PPL's earnings (1.9% per year) are forecast to grow slower than the US market (14.2% per year).
High Growth Earnings: PPL's earnings are forecast to grow, but not significantly.
Revenue vs Market: PPL's revenue (2.6% per year) is forecast to grow slower than the US market (7.4% per year).
High Growth Revenue: PPL's revenue (2.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PPL's Return on Equity is forecast to be low in 3 years time (13.3%).
Next Steps
Past Performance
How has PPL performed over the past 5 years?
3.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PPL has high quality earnings.
Growing Profit Margin: PPL's current net profit margins (23.1%) are higher than last year (19.1%).
Past Earnings Growth Analysis
Earnings Trend: PPL's earnings have grown by 3.1% per year over the past 5 years.
Accelerating Growth: PPL's earnings growth over the past year (20.6%) exceeds its 5-year average (3.1% per year).
Earnings vs Industry: PPL earnings growth over the past year (20.6%) exceeded the Electric Utilities industry 2%.
Return on Equity
High ROE: PPL's Return on Equity (15.1%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is PPL's financial position?
Financial Position Analysis
Short Term Liabilities: PPL's short term assets ($2.5B) do not cover its short term liabilities ($3.8B).
Long Term Liabilities: PPL's short term assets ($2.5B) do not cover its long term liabilities ($28.8B).
Debt to Equity History and Analysis
Debt Level: PPL's debt to equity ratio (193.5%) is considered high.
Reducing Debt: PPL's debt to equity ratio has increased from 157.3% to 193.5% over the past 5 years.
Debt Coverage: PPL's debt is not well covered by operating cash flow (10.9%).
Interest Coverage: PPL's interest payments on its debt are well covered by EBIT (3.2x coverage).
Balance Sheet
Inventory Level: PPL has a high level of physical assets or inventory.
Debt Coverage by Assets: PPL's debt is not covered by short term assets (assets are 0.1x debt).
Next Steps
Dividend
What is PPL's current dividend yield, its reliability and sustainability?
4.80%
Current Dividend Yield
Upcoming Dividend Payment
Purchase PPL before the 'Buy Limit' to receive their next dividend payment.
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: PPL's dividend (4.8%) is higher than the bottom 25% of dividend payers in the US market (1.42%).
High Dividend: PPL's dividend (4.8%) is in the top 25% of dividend payers in the US market (3.7%)
Stability and Growth of Payments
Stable Dividend: PPL's dividends per share have been stable in the past 10 years.
Growing Dividend: PPL's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (66.2%), PPL's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: PPL's dividends in 3 years are forecast to be covered by earnings (65.6% payout ratio).
Next Steps
Management
What is the CEO of PPL's salary, the management and board of directors tenure and is there insider trading?
2.4yrs
Average management tenure
CEO
Bill Spence (62yo)
8.1yrs
Tenure
US$11,338,785
Compensation
Mr. William H. Spence, also known as Bill, has been the Chief Executive Officer of PPL Corporation since 2011 and its Chairman of the Board from April 1, 2012. He served as President at PPL Corporation sin ...
CEO Compensation Analysis
Compensation vs Market: Bill's total compensation ($USD11.34M) is about average for companies of similar size in the US market ($USD11.01M).
Compensation vs Earnings: Bill's compensation has been consistent with company performance over the past year.
Management Age and Tenure
2.4yrs
Average Tenure
61yo
Average Age
Experienced Management: PPL's management team is considered experienced (2.4 years average tenure).
Board Age and Tenure
8.5yrs
Average Tenure
64yo
Average Age
Experienced Board: PPL's board of directors are considered experienced (8.5 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.5%.
Management Team
Paul Thompson (61yo)
Chairman
- Tenure: 1.8yrs
- Compensation: US$2.75m
Bill Spence (62yo)
Chairman & CEO
- Tenure: 8.1yrs
- Compensation: US$11.34m
Joanne Raphael (59yo)
Executive VP
- Tenure: 4.5yrs
- Compensation: US$3.00m
Greg Dudkin (61yo)
President of PPL Electric Utilities Corporation
- Tenure: 7.8yrs
- Compensation: US$2.60m
Joe Bergstein (48yo)
Senior VP & CFO
- Tenure: 0.4yrs
Vince Sorgi (47yo)
President & COO
- Tenure: 0.4yrs
- Compensation: US$2.94m
Tom Lynch (63yo)
VP & Chief Human Resources Officer of PPL Services
- Tenure: 3.9yrs
Andy Ludwig
Vice President of Investor Relations
- Tenure: 0.4yrs
Steve Phillips
VP & Global Chief Compliance Officer
- Tenure: 1.9yrs
Mark Brooks
VP & Chief Information Security Officer
- Tenure: 1yrs
Board Members
John Conway (74yo)
Independent Lead Director
- Tenure: 8.6yrs
- Compensation: US$280.00k
Steve Elliott (72yo)
Independent Director
- Tenure: 8.9yrs
- Compensation: US$285.00k
Armando Zagalo de Lima (60yo)
Independent Director
- Tenure: 5.4yrs
- Compensation: US$250.00k
Paul Thompson (61yo)
Chairman
- Tenure: 1.8yrs
- Compensation: US$2.75m
Phoebe Wood (66yo)
Independent Director
- Tenure: 1.9yrs
- Compensation: US$248.20k
Bill Spence (62yo)
Chairman & CEO
- Tenure: 8.1yrs
- Compensation: US$11.34m
Craig Rogerson (62yo)
Independent Director
- Tenure: 14.3yrs
- Compensation: US$270.00k
Natica Von Althann (68yo)
Independent Director
- Tenure: 10yrs
- Compensation: US$273.50k
Keith Williamson (67yo)
Independent Director
- Tenure: 14.3yrs
- Compensation: US$250.00k
Raja Madabhushi (57yo)
Independent Director
- Tenure: 8.4yrs
- Compensation: US$250.00k
Company Information
PPL Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: PPL Corporation
- Ticker: PPL
- Exchange: NYSE
- Founded: 1920
- Industry: Electric Utilities
- Sector: Utilities
- Market Cap: US$24.720b
- Shares outstanding: 723.03m
- Website: https://www.pplweb.com
Number of Employees
Location
- PPL Corporation
- Two North Ninth Street
- Allentown
- Pennsylvania
- 18101
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| PPL | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Jan 1968 |
| PP9 | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jan 1968 |
| 0KEJ | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Jan 1968 |
| PP9 | ETLX (Eurotlx) | Yes | Common Stock | IT | EUR | Jan 1968 |
Biography
PPL Corporation, a utility holding company, delivers electricity and natural gas in the United States and the United Kingdom. The company operates through three segments: U.K. Regulated, Kentucky Regulated ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/12/06 23:47 |
| End of Day Share Price | 2019/12/06 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.