PPL Corp (PPL)
Utilities · Electric Utilities · US stock · S&P 500 component
$35.17
▲ +0.69 (2.00%)
Fair valueFair
$41 +15.7% to fair value
$20fair band $28–$53$61
Day's range
$34.52 – $35.27
52-week range
$31.56 – $39.46
About PPL Corp
PPL Corporation is a utility holding company that delivers electricity and natural gas to customers in Pennsylvania, Kentucky, Rhode Island and nearby areas. It owns the poles, wires and pipelines that move energy to homes and businesses. Revenue comes mainly from regulated delivery rates set by state commissions, which are meant to recover operating costs and provide an authorized return on invested capital.
Revenue of $9.4 billion was recorded for the latest twelve months; sales expanded at 5.1% a year across three years. PPL Corp converts that into an operating margin of 23.3%. Return on invested capital comes to 5%. Leverage, measured as net debt to EBITDA, is 8.7 times. Shareholders receive a dividend, yielding 3.2%, and the X-Ray Score is 51 out of 100.
Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.
Price chart
52-wk range $31.56 – $39.46Volume 8,178,400Daily, split-adjusted
Vitals
Market cap$26.6B
52-week range$31.56 – $39.46
Volume (last day)8,178,400
P/E (TTM)21.5
EBIT / EV yield4.8%
Free-cash-flow yield-6.1%
Dividend yield3.2%
Revenue (TTM)$9.4B
Net income (TTM)$1.2B
Operating margin23.3%
Return on capital5.2%
Debt incl. leases$20.2B
Cash & securities$1.2B
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$41model spread $34 – $41
Fair
+15.7% to fair value
Equal blend of three models: peer multiples, a fundamentals-adjusted multiple (growth, ROIC and margin) and a 10-year DCF scaled to the market's average. Earnings-power value (no growth) is a floor and not part of the blend. Model uncertainty is Medium, so the safety margin is 30%.
Terminal value >80% of DCF: lower confidence
Price $35
Undervalued < $28Fair $28 – $53Overvalued > $53
10-year DCF (market-scaled)
$44
Peer multiples
$37
Earnings power floor (not blended)
$11
Fundamentals-adjusted multiple
$41
Growth the price implies
10.5%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.09%, equity risk premium 4.23% (Damodaran). How it works.
What this means
Average business, fairly priced
The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Utilities peers. Open a lens to see the numbers behind it.
Valuation
Fair
60/100
Priced about in line with its sector.
See the numbers →
EBIT / EV yield4.8%
Free-cash-flow yield-6.1%
Fair value vs price1.2×
Growth
Fair
64/100
Growing at a typical pace for its sector.
See the numbers →
Revenue growth (3y)5.1%
EPS growth (3y)15.9%
Growth consistency80%
Profitability
Weak
48/100
Earns lower returns on its capital than most peers.
See the numbers →
Return on invested capital5.2%
Operating margin23.3%
Financial health
Fair
56/100
Balance sheet is in typical shape for its sector.
See the numbers →
Piotroski F-Score6 / 9
Net debt / EBITDA8.7×
Interest cover2.6×
Dividends
Weak
23/100
Dividend is modest or less certain than peers.
See the numbers →
Dividend yield3.2%
Dividend growth0.3%
Quarterly results: last 6 quarters
+10.1%
Dec '24
+10.5%
Mar '25
+8.5%
Jun '25
+7.8%
Sep '25
+6.3%
Dec '25
+9.4%
Mar '26
Revenue against the same quarter a year earlier. Latest quarter revenue $2.8B, diluted EPS $0.60.
Compare with peers
EIX Edison International71 EXC Exelon Corp66 ES Eversource Energy66 AEP American Electric Powe...63Other Electric Utilities companies by X-Ray Score.
Fundamentals checklist
● 5 Good · ● 8 Average · ● 1 BadCash quality
Earnings backed by cashAverage
Free-cash-flow yieldAverage
Risk models
Altman Z''Good
Piotroski F-ScoreAverage
Growth
EPS growth (3y)Good
Revenue growth (3y)Good
Growth consistencyAverage
Balance sheet
Current ratioGood
Net debt / EBITDABad
Interest coverAverage
Valuation
Fair value vs priceGood
EBIT / EV yieldAverage
Profitability
Return on invested capitalAverage
Operating marginAverage
Each check is graded against the company's sector, not a fixed number. Checklist score 58/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $5.8B | $7.9B | $8.3B | $8.5B | $9.2B |
| Operating income | $1.4B | $1.4B | $1.6B | $1.7B | $2.1B |
| Net income | −$1.5B | $756M | $740M | $888M | $1.2B |
| Operating cash flow | $2.3B | $1.7B | $1.8B | $2.3B | $2.6B |
| Operating margin | 24.4% | 17.4% | 19.6% | 20.6% | 23.2% |
| Free cash flow | $297M | −$425M | −$632M | −$465M | −$1.4B |
| Diluted EPS | $-1.93 | $1.02 | $1.00 | $1.20 | $1.59 |
Fiscal years, from SEC filings.
Technical summary
Daily
Bullish
11 bullish · 1 neutral · 4 bearish
Weekly
Bullish
8 bullish · 1 neutral · 3 bearish
Monthly
Bullish
5 bullish · 1 neutral · 2 bearish
Moving averages (daily)
| SMA 10 | 34.23 | Bullish |
| EMA 10 | 34.28 | Bullish |
| SMA 20 | 33.38 | Bullish |
| EMA 20 | 33.92 | Bullish |
| SMA 50 | 34.06 | Bullish |
| EMA 50 | 34.09 | Bullish |
| SMA 100 | 34.75 | Bullish |
| EMA 100 | 34.61 | Bullish |
| SMA 200 | 35.60 | Bearish |
| EMA 200 | 34.93 | Bullish |
Oscillators (daily)
| RSI (14) | 67.95 | Neutral |
| MACD (12, 26) | 0.28 | Bullish |
| Momentum (12) | 6.93 | Bullish |
| Stochastic %K (14) | 97.01 | Bearish |
| Williams %R (14) | -2.99 | Bearish |
| CCI (20) | 132.0 | Bearish |
Pivot points (classic, last session)
S3 33.95 | S2 34.24 | S1 34.70 | Pivot 34.99 | R1 35.45 | R2 35.74 | R3 36.20 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
1.13 USD
Yield on today's price
3.21%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 10 Sep 2026 | 0.2850 |
| 10 Jun 2026 | 0.2850 |
| 10 Mar 2026 | 0.2850 |
| 10 Dec 2025 | 0.2730 |
| 10 Sep 2025 | 0.2730 |
| 10 Jun 2025 | 0.2730 |
| 10 Mar 2025 | 0.2730 |
| 10 Dec 2024 | 0.2580 |
| 10 Sep 2024 | 0.2580 |
| 10 Jun 2024 | 0.2580 |
| 7 Mar 2024 | 0.2580 |
| 7 Dec 2023 | 0.2400 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
PPL SEC filings
27 Aug 2026
8-KSEC EDGAR
Other events
17 Aug 2026
8-KSEC EDGAR
Other events
7 Aug 2026
10-QSEC EDGAR
Quarterly report
7 Aug 2026
8-KSEC EDGAR
Results of operations; Regulation FD disclosure
30 Jun 2026
8-KSEC EDGAR
Director or officer change; Regulation FD disclosure
4 Jun 2026
8-KSEC EDGAR
Other events
18 May 2026
8-KSEC EDGAR
Entered a material agreement
15 May 2026
8-KSEC EDGAR
Other events
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.