PPL Corporation Corporate Units (PPLC)

FairStock Score: 47/100 — MIXED

Key Financials

AI Analysis

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

I look at PPL as a regulated utility: electricity and gas to roughly 3.6 million customers, with operations in Kentucky, Pennsylvania, and Rhode Island. That kind of regulated service territory can be a modest moat because customers usually have no alternative, but regulators set returns, so the economics are steady rather than spectacular. The filed numbers show improvement: in FY2023 revenue was $8.3B and net income $740M; FY2024 revenue was $8.4B and net income $888M; FY2025 revenue was $9.2B and net income $1.2B, or diluted EPS $1.59. In the quarter ended 2026-03-31, revenue was $2.8B and net income $452M, diluted EPS $0.60. Those are respectable recent trends. But the longer-term FairStock category calls it a slow grower that is shrinking, with profit down 4.3% a year over five years, and that matters. Financial health is the weak spot. Trailing free cash flow is -$2.0B, a -5.7% FCF yield, and debt-to-equity is 1.35; the FairStock Altman Z-Score of 0.85 and Piotroski F-Score of 4/9 suggest a fragile balance sheet and only middling accounting momentum. Returns are modest: FairStock ROE 8.63%, ROCE 3.20%. At the 2026-10-13 close of $46.38, FairStock P/B is 2.32 and EV/EBITDA is 13.91, so the price already reflects a fair amount of optimism. The 0.00% dividend yield and 54/100 FairStock score do not scream bargain. I would want a wider margin of safety before calling this cheap.

In plain English: PPL Corporation Corporate Units is tied to a regulated utility that sells electricity and natural gas to about 3.6 million customers in Kentucky, Pennsylvania, and Rhode Island. The business is steady but not especially strong: recent profits have grown, yet it spends more cash than it brings in and carries a lot of debt. At $46.38, the price looks fair to a bit expensive for what the numbers show, not a clear bargain.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

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