Ppl Corp. (PPLC) intrinsic value & 10-year financials
Ppl Corp. (PPLC) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue grew 2.2% a year to $9.2B, with an average return on invested capital of 6.1%.
- Graham intrinsic value
- —
- Revenue (FY2025)
- $9.2B
- Revenue growth (10-yr CAGR)
- 2.2%
- ROIC (10-yr avg)
- 6.1%
- Free cash flow (FY2025)
- -$1.4B
PPLC 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $9.2B | $1.2B | $1.59 | -$1.4B | 23.2% | 5.4% |
| FY2024 | $8.4B | $888.0M | $1.20 | -$465.0M | 20.6% | 4.7% |
| FY2023 | $8.3B | $740.0M | $1.00 | -$632.0M | 19.7% | 4.7% |
| FY2022 | $7.8B | $756.0M | $1.02 | -$425.0M | 17.6% | 4.5% |
| FY2021 | $5.8B | -$1.5B | -$1.93 | $297.0M | 24.4% | 5.8% |
| FY2020 | $7.6B | $1.5B | $1.91 | -$503.0M | 37.1% | 6.8% |
| FY2019 | $7.7B | $1.7B | $2.37 | -$656.0M | 36.9% | 7.0% |
| FY2018 | $7.8B | $1.8B | $2.58 | -$417.0M | 36.7% | 7.3% |
| FY2017 | $7.4B | $1.1B | $1.64 | -$672.0M | 41.2% | 6.2% |
| FY2016 | $7.5B | $1.9B | $2.79 | -$30.0M | 40.5% | 8.2% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
PPL Corp has demonstrated mature, steady growth, with revenue compounding at 2.2% annually over the past decade.
PPL Corp has historically struggled to out-earn its cost of capital, averaging just 6.1% ROIC.
PPL Corp has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, PPL Corp is modeled at -6.1% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-4.97 per share.