Intrinsic value of PPL - PPL

Previous Close

$29.96

  Intrinsic Value

$12.99

stock screener

  Rating & Target

str. sell

-57%

Previous close

$29.96

 
Intrinsic value

$12.99

 
Up/down potential

-57%

 
Rating

str. sell

We calculate the intrinsic value of PPL stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 0001), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 21.0

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  7.10
  6.89
  6.70
  6.53
  6.38
  6.24
  6.12
  6.00
  5.90
  5.81
  5.73
  5.66
  5.59
  5.53
  5.48
  5.43
  5.39
  5.35
  5.32
  5.28
  5.26
  5.23
  5.21
  5.19
  5.17
  5.15
  5.14
  5.12
  5.11
  5.10
Revenue, $m
  7,976
  8,525
  9,097
  9,691
  10,309
  10,952
  11,622
  12,320
  13,047
  13,805
  14,597
  15,423
  16,285
  17,187
  18,129
  19,113
  20,143
  21,221
  22,349
  23,530
  24,766
  26,062
  27,419
  28,841
  30,331
  31,893
  33,531
  35,249
  37,050
  38,939
Variable operating expenses, $m
  4,710
  5,007
  5,316
  5,637
  5,971
  6,319
  6,682
  7,059
  7,452
  7,863
  7,895
  8,342
  8,809
  9,296
  9,806
  10,338
  10,895
  11,478
  12,088
  12,727
  13,396
  14,097
  14,831
  15,600
  16,406
  17,251
  18,137
  19,066
  20,040
  21,062
Fixed operating expenses, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  4,710
  5,007
  5,316
  5,637
  5,971
  6,319
  6,682
  7,059
  7,452
  7,863
  7,895
  8,342
  8,809
  9,296
  9,806
  10,338
  10,895
  11,478
  12,088
  12,727
  13,396
  14,097
  14,831
  15,600
  16,406
  17,251
  18,137
  19,066
  20,040
  21,062
Operating income, $m
  3,266
  3,519
  3,781
  4,054
  4,337
  4,633
  4,940
  5,261
  5,594
  5,943
  6,702
  7,081
  7,477
  7,891
  8,323
  8,775
  9,248
  9,743
  10,261
  10,803
  11,370
  11,965
  12,588
  13,241
  13,925
  14,642
  15,394
  16,183
  17,010
  17,877
EBITDA, $m
  4,858
  5,193
  5,541
  5,903
  6,279
  6,671
  7,079
  7,504
  7,947
  8,409
  8,891
  9,394
  9,920
  10,469
  11,042
  11,642
  12,270
  12,926
  13,613
  14,332
  15,085
  15,874
  16,701
  17,567
  18,475
  19,426
  20,424
  21,470
  22,567
  23,718
Interest expense (income), $m
  854
  1,149
  1,263
  1,385
  1,512
  1,644
  1,782
  1,925
  2,074
  2,229
  2,390
  2,559
  2,735
  2,919
  3,110
  3,311
  3,520
  3,739
  3,968
  4,208
  4,458
  4,721
  4,996
  5,284
  5,585
  5,901
  6,233
  6,580
  6,944
  7,326
  7,726
Earnings before tax, $m
  2,117
  2,255
  2,396
  2,541
  2,693
  2,851
  3,015
  3,187
  3,366
  3,552
  4,142
  4,346
  4,558
  4,780
  5,012
  5,255
  5,509
  5,775
  6,053
  6,345
  6,650
  6,969
  7,305
  7,656
  8,024
  8,410
  8,815
  9,239
  9,684
  10,151
Tax expense, $m
  572
  609
  647
  686
  727
  770
  814
  860
  909
  959
  1,118
  1,173
  1,231
  1,291
  1,353
  1,419
  1,487
  1,559
  1,634
  1,713
  1,795
  1,882
  1,972
  2,067
  2,166
  2,271
  2,380
  2,495
  2,615
  2,741
Net income, $m
  1,546
  1,646
  1,749
  1,855
  1,966
  2,081
  2,201
  2,326
  2,457
  2,593
  3,024
  3,172
  3,327
  3,490
  3,659
  3,836
  4,022
  4,216
  4,419
  4,631
  4,854
  5,088
  5,332
  5,589
  5,857
  6,139
  6,435
  6,744
  7,069
  7,410

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  44,310
  47,363
  50,536
  53,837
  57,270
  60,844
  64,565
  68,442
  72,483
  76,697
  81,093
  85,682
  90,475
  95,481
  100,714
  106,185
  111,908
  117,895
  124,161
  130,722
  137,591
  144,787
  152,326
  160,226
  168,505
  177,185
  186,284
  195,826
  205,833
  216,328
Adjusted assets (=assets-cash), $m
  44,310
  47,363
  50,536
  53,837
  57,270
  60,844
  64,565
  68,442
  72,483
  76,697
  81,093
  85,682
  90,475
  95,481
  100,714
  106,185
  111,908
  117,895
  124,161
  130,722
  137,591
  144,787
  152,326
  160,226
  168,505
  177,185
  186,284
  195,826
  205,833
  216,328
Revenue / Adjusted assets
  0.180
  0.180
  0.180
  0.180
  0.180
  0.180
  0.180
  0.180
  0.180
  0.180
  0.180
  0.180
  0.180
  0.180
  0.180
  0.180
  0.180
  0.180
  0.180
  0.180
  0.180
  0.180
  0.180
  0.180
  0.180
  0.180
  0.180
  0.180
  0.180
  0.180
Average production assets, $m
  35,891
  38,364
  40,934
  43,608
  46,389
  49,284
  52,298
  55,438
  58,711
  62,124
  65,686
  69,403
  73,284
  77,340
  81,578
  86,010
  90,645
  95,495
  100,571
  105,885
  111,449
  117,278
  123,384
  129,783
  136,489
  143,520
  150,890
  158,619
  166,724
  175,226
Working capital, $m
  -845
  -904
  -964
  -1,027
  -1,093
  -1,161
  -1,232
  -1,306
  -1,383
  -1,463
  -1,547
  -1,635
  -1,726
  -1,822
  -1,922
  -2,026
  -2,135
  -2,249
  -2,369
  -2,494
  -2,625
  -2,763
  -2,906
  -3,057
  -3,215
  -3,381
  -3,554
  -3,736
  -3,927
  -4,128
Total debt, $m
  23,390
  25,653
  28,004
  30,450
  32,994
  35,643
  38,400
  41,273
  44,267
  47,389
  50,647
  54,048
  57,599
  61,309
  65,186
  69,240
  73,481
  77,917
  82,561
  87,422
  92,512
  97,844
  103,431
  109,284
  115,420
  121,851
  128,594
  135,664
  143,079
  150,856
Total liabilities, $m
  32,833
  35,096
  37,447
  39,893
  42,437
  45,086
  47,843
  50,716
  53,710
  56,832
  60,090
  63,491
  67,042
  70,752
  74,629
  78,683
  82,924
  87,360
  92,004
  96,865
  101,955
  107,287
  112,874
  118,727
  124,863
  131,294
  138,037
  145,107
  152,522
  160,299
Total equity, $m
  11,476
  12,267
  13,089
  13,944
  14,833
  15,759
  16,722
  17,727
  18,773
  19,864
  21,003
  22,192
  23,433
  24,730
  26,085
  27,502
  28,984
  30,535
  32,158
  33,857
  35,636
  37,500
  39,452
  41,498
  43,643
  45,891
  48,248
  50,719
  53,311
  56,029
Total liabilities and equity, $m
  44,309
  47,363
  50,536
  53,837
  57,270
  60,845
  64,565
  68,443
  72,483
  76,696
  81,093
  85,683
  90,475
  95,482
  100,714
  106,185
  111,908
  117,895
  124,162
  130,722
  137,591
  144,787
  152,326
  160,225
  168,506
  177,185
  186,285
  195,826
  205,833
  216,328
Debt-to-equity ratio
  2.040
  2.090
  2.140
  2.180
  2.220
  2.260
  2.300
  2.330
  2.360
  2.390
  2.410
  2.440
  2.460
  2.480
  2.500
  2.520
  2.540
  2.550
  2.570
  2.580
  2.600
  2.610
  2.620
  2.630
  2.640
  2.660
  2.670
  2.670
  2.680
  2.690
Adjusted equity ratio
  0.259
  0.259
  0.259
  0.259
  0.259
  0.259
  0.259
  0.259
  0.259
  0.259
  0.259
  0.259
  0.259
  0.259
  0.259
  0.259
  0.259
  0.259
  0.259
  0.259
  0.259
  0.259
  0.259
  0.259
  0.259
  0.259
  0.259
  0.259
  0.259
  0.259

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  1,546
  1,646
  1,749
  1,855
  1,966
  2,081
  2,201
  2,326
  2,457
  2,593
  3,024
  3,172
  3,327
  3,490
  3,659
  3,836
  4,022
  4,216
  4,419
  4,631
  4,854
  5,088
  5,332
  5,589
  5,857
  6,139
  6,435
  6,744
  7,069
  7,410
Depreciation, amort., depletion, $m
  1,592
  1,674
  1,760
  1,849
  1,942
  2,038
  2,139
  2,243
  2,353
  2,466
  2,190
  2,313
  2,443
  2,578
  2,719
  2,867
  3,022
  3,183
  3,352
  3,529
  3,715
  3,909
  4,113
  4,326
  4,550
  4,784
  5,030
  5,287
  5,557
  5,841
Funds from operations, $m
  3,138
  3,321
  3,509
  3,704
  3,908
  4,119
  4,340
  4,570
  4,810
  5,059
  5,214
  5,486
  5,770
  6,068
  6,378
  6,703
  7,043
  7,399
  7,771
  8,161
  8,569
  8,997
  9,445
  9,915
  10,407
  10,923
  11,464
  12,032
  12,627
  13,251
Change in working capital, $m
  -56
  -58
  -61
  -63
  -66
  -68
  -71
  -74
  -77
  -80
  -84
  -88
  -91
  -96
  -100
  -104
  -109
  -114
  -120
  -125
  -131
  -137
  -144
  -151
  -158
  -166
  -174
  -182
  -191
  -200
Cash from operations, $m
  3,194
  3,379
  3,569
  3,767
  3,973
  4,188
  4,411
  4,644
  4,887
  5,140
  5,297
  5,573
  5,862
  6,163
  6,478
  6,808
  7,152
  7,513
  7,891
  8,286
  8,700
  9,134
  9,589
  10,066
  10,565
  11,089
  11,638
  12,214
  12,818
  13,451
Maintenance CAPEX, $m
  -1,117
  -1,196
  -1,279
  -1,364
  -1,454
  -1,546
  -1,643
  -1,743
  -1,848
  -1,957
  -2,071
  -2,190
  -2,313
  -2,443
  -2,578
  -2,719
  -2,867
  -3,022
  -3,183
  -3,352
  -3,529
  -3,715
  -3,909
  -4,113
  -4,326
  -4,550
  -4,784
  -5,030
  -5,287
  -5,557
New CAPEX, $m
  -2,379
  -2,473
  -2,571
  -2,673
  -2,781
  -2,895
  -3,014
  -3,140
  -3,273
  -3,413
  -3,561
  -3,717
  -3,882
  -4,055
  -4,239
  -4,432
  -4,635
  -4,850
  -5,076
  -5,314
  -5,565
  -5,829
  -6,106
  -6,399
  -6,707
  -7,030
  -7,371
  -7,729
  -8,105
  -8,501
Cash from investing activities, $m
  -3,496
  -3,669
  -3,850
  -4,037
  -4,235
  -4,441
  -4,657
  -4,883
  -5,121
  -5,370
  -5,632
  -5,907
  -6,195
  -6,498
  -6,817
  -7,151
  -7,502
  -7,872
  -8,259
  -8,666
  -9,094
  -9,544
  -10,015
  -10,512
  -11,033
  -11,580
  -12,155
  -12,759
  -13,392
  -14,058
Free cash flow, $m
  -303
  -290
  -280
  -271
  -262
  -253
  -246
  -240
  -234
  -230
  -335
  -333
  -333
  -335
  -338
  -343
  -350
  -358
  -368
  -380
  -394
  -409
  -427
  -446
  -468
  -491
  -517
  -545
  -575
  -607
Issuance/(repayment) of debt, $m
  2,115
  2,262
  2,352
  2,446
  2,544
  2,648
  2,757
  2,873
  2,994
  3,122
  3,258
  3,401
  3,551
  3,710
  3,877
  4,054
  4,240
  4,437
  4,643
  4,861
  5,091
  5,332
  5,586
  5,854
  6,135
  6,431
  6,743
  7,070
  7,415
  7,777
Issuance/(repurchase) of shares, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  2,115
  2,262
  2,352
  2,446
  2,544
  2,648
  2,757
  2,873
  2,994
  3,122
  3,258
  3,401
  3,551
  3,710
  3,877
  4,054
  4,240
  4,437
  4,643
  4,861
  5,091
  5,332
  5,586
  5,854
  6,135
  6,431
  6,743
  7,070
  7,415
  7,777
Total cash flow (excl. dividends), $m
  1,813
  1,972
  2,072
  2,175
  2,283
  2,395
  2,511
  2,633
  2,760
  2,892
  2,923
  3,067
  3,218
  3,375
  3,539
  3,711
  3,890
  4,078
  4,275
  4,481
  4,697
  4,923
  5,160
  5,408
  5,668
  5,940
  6,226
  6,526
  6,840
  7,170
Retained Cash Flow (-), $m
  -715
  -791
  -822
  -855
  -889
  -926
  -964
  -1,004
  -1,047
  -1,091
  -1,139
  -1,189
  -1,241
  -1,297
  -1,355
  -1,417
  -1,482
  -1,551
  -1,623
  -1,699
  -1,779
  -1,864
  -1,953
  -2,046
  -2,144
  -2,248
  -2,357
  -2,471
  -2,592
  -2,718
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  1,098
  1,181
  1,250
  1,320
  1,393
  1,469
  1,548
  1,629
  1,713
  1,801
  1,785
  1,879
  1,976
  2,078
  2,184
  2,294
  2,408
  2,528
  2,652
  2,782
  2,918
  3,059
  3,207
  3,362
  3,523
  3,692
  3,869
  4,054
  4,248
  4,451
Discount rate, %
  9.80
  10.29
  10.80
  11.34
  11.91
  12.51
  13.13
  13.79
  14.48
  15.20
  15.96
  16.76
  17.60
  18.48
  19.40
  20.37
  21.39
  22.46
  23.58
  24.76
  26.00
  27.30
  28.67
  30.10
  31.61
  33.19
  34.85
  36.59
  38.42
  40.34
PV of cash for distribution, $m
  1,000
  971
  918
  859
  794
  724
  652
  580
  507
  437
  350
  293
  240
  193
  153
  118
  89
  66
  47
  33
  23
  15
  10
  6
  4
  2
  1
  1
  0
  0
Current shareholders' claim on cash, %
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

PPL Corporation (PPL) is a utility holding company. Through its subsidiaries, PPL delivers electricity to customers in the United Kingdom, Pennsylvania, Kentucky, Virginia and Tennessee; delivers natural gas to customers in Kentucky, and generates electricity from power plants in Kentucky. PPL operates through U.K. Regulated Segment, Kentucky Regulated Segment and Pennsylvania Regulated Segment. The U.K. Regulated Segment consists of PPL Global, which includes PPL WPD Limited's (WPD) regulated electricity distribution operations, the results of hedging the translation of WPD's earnings from British pound sterling into United States dollars, and certain costs, such as the United States income taxes, administrative costs and allocated financing costs. Kentucky Regulated segment consists of the operations of Louisville Gas and Electric Company (LG&E) and KU Energy LLC (LKE). The Pennsylvania Regulated segment consists of PPL Electric Utilities Corporation (PPL Electric).

FINANCIAL RATIOS  of  PPL (PPL)

Valuation Ratios
P/E Ratio 10.7
Price to Sales 2.7
Price to Book 2.1
Price to Tangible Book
Price to Cash Flow 7
Price to Free Cash Flow -304
Growth Rates
Sales Growth Rate -2%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -17.2%
Cap. Spend. - 3 Yr. Gr. Rate -4.3%
Financial Strength
Quick Ratio 0
Current Ratio 0.2
LT Debt to Equity 179.9%
Total Debt to Equity 194.5%
Interest Coverage 4
Management Effectiveness
Return On Assets 6.5%
Ret/ On Assets - 3 Yr. Avg. 4.9%
Return On Total Capital 6.4%
Ret/ On T. Cap. - 3 Yr. Avg. 4.6%
Return On Equity 19.2%
Return On Equity - 3 Yr. Avg. 12.8%
Asset Turnover 0.2
Profitability Ratios
Gross Margin 0%
Gross Margin - 3 Yr. Avg. 0%
EBITDA Margin 58.7%
EBITDA Margin - 3 Yr. Avg. 53.5%
Operating Margin 40.5%
Oper. Margin - 3 Yr. Avg. 38%
Pre-Tax Margin 33.9%
Pre-Tax Margin - 3 Yr. Avg. 29.3%
Net Profit Margin 25.3%
Net Profit Margin - 3 Yr. Avg. 18.8%
Effective Tax Rate 25.4%
Eff/ Tax Rate - 3 Yr. Avg. 26.8%
Payout Ratio 54.2%

PPL stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the PPL stock intrinsic value calculation we used $7447 million for the last fiscal year's total revenue generated by PPL. The default revenue input number comes from 0001 income statement of PPL. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our PPL stock valuation model: a) initial revenue growth rate of 7.1% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 9.8%, whose default value for PPL is calculated based on our internal credit rating of PPL, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of PPL.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of PPL stock the variable cost ratio is equal to 59.4%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for PPL stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.4% for PPL.

Corporate tax rate of 27% is the nominal tax rate for PPL. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the PPL stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for PPL are equal to 450%.

Life of production assets of 32.1 years is the average useful life of capital assets used in PPL operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for PPL is equal to -10.6%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $10761 million for PPL - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 699.571 million for PPL is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of PPL at the current share price and the inputted number of shares is $21.0 billion.

RELATED COMPANIES Price Int.Val. Rating
AEP American Elect 77.33 9.25  str.sell
ES Eversource Ene 67.25 39.89  sell
DUK Duke Energy 88.09 54.34  sell
SPKE Spark Energy 8.20 7,094.21  str.buy
BKH Black Hills 64.84 53.02  hold
ETR Entergy 86.78 10.53  str.sell

COMPANY NEWS

▶ 3 Utility Stocks to Power Up Your Portfolio   [Dec-12-18 03:02PM  InvestorPlace]
▶ Stocks drop 4 percent in rocky week on trade, growth worries   [Dec-07-18 04:56PM  Associated Press]
▶ PPL to Pay Quarterly Stock Dividend Jan. 2   [Nov-16-18 08:00AM  PR Newswire]
▶ These 3 Reliable Utility Stocks Are Cheap Today   [Nov-04-18 05:07PM  Motley Fool]
▶ PPL's Core Utilities Perform Well   [11:41AM  Morningstar]
▶ PPL: 3Q Earnings Snapshot   [08:20AM  Associated Press]
▶ [$$] PPL Sued Over Distribution of Hydroelectric Business Proceeds   [Oct-30-18 01:34PM  The Wall Street Journal]
▶ 10 Top Utility Stocks to Buy for Safety and Dividends   [Oct-23-18 02:30PM  Kiplinger]
▶ 3 Stock Charts for Monday: Netflix, PPL and Nvidia   [Oct-22-18 09:07AM  InvestorPlace]
▶ 3 Inflation-Proof Stocks to Buy as Interest Rates Rise   [Oct-17-18 01:23PM  InvestorPlace]
▶ If You're Retired, Consider Buying These 3 Stocks   [Oct-14-18 07:17AM  Motley Fool]
▶ Who Are The Top Investors In PPL Corporation (NYSE:PPL)?   [Oct-03-18 10:14AM  Simply Wall St.]
▶ PPL Sees Hammer Chart Pattern: Time to Buy?   [Oct-02-18 07:01AM  Zacks]
▶ 2 Utility Stocks to Buy and 1 to Avoid   [09:32AM  Motley Fool]
▶ Is PPL (PPL) a High-Growth Dividend Stock?   [Sep-12-18 09:15AM  Zacks]
▶ 3 Dividend Stocks You Can Count On   [07:33AM  Motley Fool]
▶ 5 Dividend Stocks Worth Keeping an Eye On   [Sep-05-18 03:39PM  InvestorPlace]
▶ PPL to Pay Quarterly Stock Dividend Oct. 1   [Aug-24-18 09:01AM  PR Newswire]
▶ What You Must Know About PPL Corporations (NYSE:PPL) ROE   [Aug-20-18 01:03PM  Simply Wall St.]
▶ This 5.8% Yield Is Worth the Risk   [Aug-14-18 06:02AM  Motley Fool]
▶ PPL: 2Q Earnings Snapshot   [08:11AM  Associated Press]
▶ PPL Corporation to Host Earnings Call   [08:00AM  ACCESSWIRE]
▶ 3 High-Yielding Utilities Just Right for Income Investors   [Jul-28-18 02:00PM  TheStreet.com]
▶ Markets Right Now: Banks lead US stocks broadly higher   [Jul-09-18 04:09PM  Associated Press]
▶ Are PPL Corporations (NYSE:PPL) Interest Costs Too High?   [Jun-21-18 01:06PM  Simply Wall St.]
▶ PPL to Pay Quarterly Stock Dividend July 2   [May-16-18 11:35AM  PR Newswire]
▶ May Dividend Stocks To Look Out For   [09:02AM  Simply Wall St.]
▶ PPL: 1Q Earnings Snapshot   [08:11AM  Associated Press]

CONTACT US       ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2018. All rigths reserved.