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PPL (PPL) Cyclically Adjusted Price-to-FCF : (As of Apr. 29, 2024)


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What is PPL Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


PPL Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for PPL's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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PPL Cyclically Adjusted Price-to-FCF Chart

PPL Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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PPL Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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Competitive Comparison of PPL's Cyclically Adjusted Price-to-FCF

For the Utilities - Regulated Electric subindustry, PPL's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


PPL's Cyclically Adjusted Price-to-FCF Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, PPL's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where PPL's Cyclically Adjusted Price-to-FCF falls into.



PPL Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

PPL's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, PPL's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=-0.73/129.4194*129.4194
=-0.730

Current CPI (Dec. 2023) = 129.4194.

PPL Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.035 99.695 0.045
201406 -0.213 100.560 -0.274
201409 0.164 100.428 0.211
201412 -0.464 99.070 -0.606
201503 -0.254 99.621 -0.330
201506 -0.328 100.684 -0.422
201509 -0.254 100.392 -0.327
201512 -0.582 99.792 -0.755
201603 -0.155 100.470 -0.200
201606 -0.125 101.688 -0.159
201609 0.476 101.861 0.605
201612 -0.241 101.863 -0.306
201703 -0.798 102.862 -1.004
201706 -0.055 103.349 -0.069
201709 0.269 104.136 0.334
201712 -0.396 104.011 -0.493
201803 -0.265 105.290 -0.326
201806 -0.026 106.317 -0.032
201809 0.096 106.507 0.117
201812 -0.389 105.998 -0.475
201903 -0.349 107.251 -0.421
201906 -0.204 108.070 -0.244
201909 0.130 108.329 0.155
201912 0.653 108.420 0.779
202003 0.099 108.902 0.118
202006 0.084 108.767 0.100
202009 0.540 109.815 0.636
202012 -0.105 109.897 -0.124
202103 0.249 111.754 0.288
202106 0.468 114.631 0.528
202109 -0.044 115.734 -0.049
202112 -0.294 117.630 -0.323
202203 0.102 121.301 0.109
202206 -0.143 125.017 -0.148
202209 0.035 125.227 0.036
202212 -0.571 125.222 -0.590
202303 -0.094 127.348 -0.096
202306 -0.242 128.729 -0.243
202309 0.210 129.860 0.209
202312 -0.730 129.419 -0.730

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


PPL  (NYSE:PPL) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


PPL Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of PPL's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


PPL (PPL) Business Description

Industry
Traded in Other Exchanges
Address
Two North Ninth Street, Allentown, PA, USA, 18101-1179
PPL is a holding company of regulated utilities in Pennsylvania, Kentucky, and Rhode Island. The Pennsylvania regulated delivery and transmission segment distributes electricity to customers in central and eastern Pennsylvania. LG&E and KU are involved in regulated electricity generation, transmission, and distribution in Kentucky. The Kentucky utilities also serve gas customers. Narragansett operates electric and gas utilities in Rhode Island.
Executives
Tadd J Henninger officer: Vice President and Treasurer TWO NORTH NINTH STREET, ALLENTOWN PA 18101
Crockett John R Iii officer: President of a PPL Subsidiary TWO NORTH NINTH STREET, ALLENTOWN PA 18101
David J Bonenberger officer: President of a PPL Subsidiary TWO NORTH NINTH STREET, ALLENTOWN PA 18101
Linda G Sullivan director P.O.BOX 800, 2244 WALNUT GROVE AVENUE, ROSEMEAD CA 91770
Francis X Sullivan officer: EVP and COO TWO NORTH NINTH STREET, ALLENTOWN PA 18101
Bergstein Joseph P Jr officer: VP-IR and Treasurer TWO NORTH NINTH STREET, ALLENTOWN PA 18101
Vincent Sorgi officer: Vice President and Controller TWO NORTH NINTH STREET, ALLENTOWN PA 18101
Stephanie R Raymond officer: President of a PPL Subsidiary TWO NORTH NINTH STREET, ALLENTOWN PA 18101
Gregory N Dudkin officer: President of a PPL Subsidiary TWO NORTH NINTH STREET, ALLENTOWN PA 18101
Angela K Gosman officer: SVP and CHRO TWO NORTH NINTH STREET, ALLENTOWN PA 18101
Heather B Redman director TWO NORTH NINTH STREET, ALLENTOWN PA 18101
Wendy E Stark officer: SVP, GC and Corp Sec TWO NORTH NINTH STREET, ALLENTOWN PA 18101
Joanne H Raphael officer: SVP, GC & Corp Sec TWO NORTH NINTH STREET, ALLENTOWN PA 18101
Art P Beattie director 600 NORTH 18TH STREET, BIRMINGHAM AL 35291
William H Spence officer: Executive VP and COO UNIVERSITY OFFICE PLAZA, 252 CHAPMAN RD., PO BOX 6066, NEWARK DE 19714-0066

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