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PPL (STU:PP9) Cyclically Adjusted Price-to-FCF : (As of Jun. 06, 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
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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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 Mar. 2024 is calculated as:

For example, PPL's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=-0.391/131.7762*131.7762
=-0.391

Current CPI (Mar. 2024) = 131.7762.

PPL Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.157 100.560 -0.206
201409 0.127 100.428 0.167
201412 -0.377 99.070 -0.501
201503 -0.235 99.621 -0.311
201506 -0.292 100.684 -0.382
201509 -0.226 100.392 -0.297
201512 -0.535 99.792 -0.706
201603 -0.139 100.470 -0.182
201606 -0.111 101.688 -0.144
201609 0.424 101.861 0.549
201612 -0.228 101.863 -0.295
201703 -0.746 102.862 -0.956
201706 -0.049 103.349 -0.062
201709 0.225 104.136 0.285
201712 -0.335 104.011 -0.424
201803 -0.215 105.290 -0.269
201806 -0.022 106.317 -0.027
201809 0.082 106.507 0.101
201812 -0.342 105.998 -0.425
201903 -0.309 107.251 -0.380
201906 -0.180 108.070 -0.219
201909 0.118 108.329 0.144
201912 0.588 108.420 0.715
202003 0.089 108.902 0.108
202006 0.075 108.767 0.091
202009 0.459 109.815 0.551
202012 -0.087 109.897 -0.104
202103 0.209 111.754 0.246
202106 0.388 114.631 0.446
202109 -0.038 115.734 -0.043
202112 -0.260 117.630 -0.291
202203 0.093 121.301 0.101
202206 -0.135 125.017 -0.142
202209 0.036 125.227 0.038
202212 -0.539 125.222 -0.567
202303 -0.087 127.348 -0.090
202306 -0.224 128.729 -0.229
202309 0.197 129.860 0.200
202312 -0.669 129.419 -0.681
202403 -0.391 131.776 -0.391

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  (STU:PP9) 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 (STU:PP9) 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.

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