PPL Corporation

PPL

Regulated Electric · Utilities

Also trades as: 0KEJ.L

Price

$34.38

-0.82 (-2.33%)

Market Cap

$25.87B

Winston Score

Winston is curious

A decent business — some strong pillars, some weaker.

Data as of Aug 23, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Good

Growth

Strong

Cash Flow

Good

Stability

Good

Valuation

Good

Dividends

Good

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Share count falling — buybacks

−2.8% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 764.8M (2021) → 743.3M (2025)

Winston Score History

The full picture

PPL Corporation is a regulated electric and gas utility company. It delivers electricity and natural gas to homes, businesses, and industrial customers across Pennsylvania, Kentucky, and the United Kingdom. PPL owns and operates the power lines, pipes, and equipment that move energy from generators to end users.

PPL makes money by charging customers for delivering energy through its network. Because it operates as a regulated utility, government agencies set the rates it can charge, which limits big swings in revenue but also provides steady, predictable income. The company serves roughly 3.5 million customers across its service territories, and its main competitive advantage is that it holds exclusive licenses to operate in its regions — customers cannot simply switch to a different delivery company. The key risk PPL faces is rising capital costs, since utilities must constantly invest in upgrading aging infrastructure, and regulators may not always approve rate increases large enough to cover those expenses.

Politician Trades

5 trades / 12mo

4 Congressional buys and 1 sell on PPL in the last 12 months.

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Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+4.2% YoY

YoY Growth Rate

Slow revenue growth

EPS Growth

+24.0% YoY

YoY Growth Rate

Steady EPS growth

R&D Spend

$0/ year

0.0% of revenue

Below sector average (1%)

Research and development spending

Insider Activity

0.3%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Runway

~2 months

$332M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Short runway — potential dilution ahead through share issuance

Cash watch

PPL Corporation has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale

Gross Margin

114.0%

Premium pricing power — 114.0% gross margin

Profit after running costs

Operating Margin

22.5%

Excellent — 22.5% operating margin

Return on the money invested

ROCE

5.5%

Weak — 5.5% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales growth

Sales YoY

+6.7%

Slow sales growth (+6.7% YoY)

Profit growth

EPS YoY

+26.9%

Earnings growing fast (+26.9% YoY)

Earnings growing 25%+ a year. The compounder zone.

How steady the profit is

EPS Consistency

6/8 quarters

Earnings grew in most of the last 8 quarters

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Cash Flow

Profit that turns into cash

Cash Conversion

210%

Turns 210% of profit into real cash

Spare cash per sale

FCF Margin

-18.8%

Burning cash (-18.8%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns

Debt / Equity

0.93

Moderate — manageable debt (0.93)

Covers its interest

Interest Cover

2.58x

Tight — interest eats into profit (2.6x)

Interest coverage between 1 and 3. Profits cover interest, but with little room to spare.

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Valuation

Price vs profit

P/E Ratio (TTM)

20.2x

Growth-priced — P/E 20.2

P/E above the market average. People are paying up for expected growth.

Cheaper or dearer next year

P/E vs Forward

+4.8

GROWING

Earnings expected to grow meaningfully — cheaper on forward P/E (20.2 → 15.5)

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Dividends

Dividend

Dividend Yield

3.47%

Moderate income — 3.47% yield

Standard yield zone for stable dividend payers. A meaningful piece of total return.

Dividend record

Dividend Growth

+5.2%

Dividend growing modestly (5.2% YoY)

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