PPL Corporation (PPL)

FairStock Score: 52/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

PPL is a regulated utility serving roughly 3.6 million customers in Kentucky, Pennsylvania, and Rhode Island. That kind of franchise should be steady, but regulation caps returns and leaves little pricing power. The filed numbers show recent progress: in FY2025, the year ended 2025-12-31, revenue was $9.2B, net income $1.2B, and diluted EPS $1.59, up from FY2024, the year ended 2024-12-31, when revenue was $8.4B, net income $888.0M, and diluted EPS $1.20, and from FY2023, the year ended 2023-12-31, when revenue was $8.3B, net income $740.0M, and diluted EPS $1.00. In fiscal Q1 2026, the quarter ended 2026-03-31, revenue was $2.8B, net income $452.0M, and diluted EPS $0.60, versus fiscal Q1 2025, the quarter ended 2025-03-31, with revenue $2.5B, net income $414.0M, and diluted EPS $0.56. Even so, FairStock's Lynch category calls it a SLOW GROWER — Shrinking: profit -4.3% a year over five years, revenue 11.1%, which tells me the long record is not inspiring. FairStock calculations show ROE 8.63%, ROCE 3.20%, D/E 1.35, Piotroski F-Score 4/9, and Altman Z-Score 0.68. Trailing free cash flow is -$2.0B with a FairStock FCF yield of -7.6%, so the dividend and capital program rely on external funding. At the 2026-10-13 close of $34.63, FairStock calculations show P/E 20.49, P/B 1.73, dividend yield 3.42%, EV/EBITDA 11.67, and PEG 0.41. The FairStock Graham Number is $27.58, giving a margin of safety of -25.56%, meaning the price is above Graham's fair-value estimate. A low beta of 0.58 and regulated cash flows offer defense, but I want a wider discount and better cash generation before calling it compelling.

In plain English: PPL supplies electricity and natural gas to about 3.6 million customers in the United States. Its recent filed profits have grown from a year earlier, but the company carries a lot of debt and spends more cash than it brings in. At the October 13, 2026 close of $34.63, the price looks a little high compared with its profits and assets.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · fiscal Q1 2025 10-Q (period ended 2025-03-31) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer