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Earnings transcript
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PFG
Principal Financial Group, Inc.
$90.1
0.02
(0.02%)
| Exchange: | NASDAQ |
| Market Cap: | 19.794B |
| Shares Outstanding: | 360.6M |
About The Company
| Sector: | Financial Services | |||||
| Industry: | Insurance – Diversified | |||||
| CEO: | Deanna Dawnette Strable-Soethout | |||||
| Full Time Employees: | 19700 | |||||
| Address: |
| |||||
| Website: | https://www.principal.com |
Principal Financial Group, Inc. provides retirement, asset management, and insurance products and services to businesses, individuals, and institutional clients worldwide. The company operates through Retirement and Income Solutions, Principal Global Investors, Principal International, and U.S. Insurance Solutions segments. The Retirement and Income Solutions segment provides a portfolio of asset accumulation products and services for retirement savings and income. It offers products and services for defined contribution plans, including 401(k) and 403(b) plans, defined benefit pension plans, nonqualified executive benefit plans, employee stock ownership plans, equity compensation, and pension risk transfer services; individual retirement accounts; investment only products; and mutual funds, individual variable annuities, and bank products. The Principal Global Investors segment provides equity, fixed income, real estate, and other alternative investments, as well as asset allocation, stable value management, and other structured investment strategies. The Principal International segment offers pension accumulation products and services, mutual funds, asset management, income annuities, and life insurance accumulation products, as well as voluntary savings plans in Brazil, Chile, Mexico, China, Hong Kong Special Administrative Region, India, and Southeast Asia. The U.S. Insurance Solutions segment provides specialty benefits, such as group dental and vision insurance, group life insurance, and group and individual disability insurance, as well as administers group dental, disability, and vision benefits; and individual life insurance products comprising universal, variable universal, indexed universal, and term life insurance products in the United States. It also offers insurance solutions for small and medium-sized businesses and their owners, as well as executives. Principal Financial Group, Inc. was founded in 1879 and is based in Des Moines, Iowa.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 13,665,800 | 16,127,700 | 15,625,500 |
| Gross Profit | 5,900,100 | 7,353,400 | 7,061,000 |
| EBITDA | 1,011,500 | 2,145,800 | 1,669,600 |
| Operating Income | 738,800 | 1,889,600 | 1,416,000 |
| Net Income | 623,200 | 1,571,000 | 1,185,100 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 305,046,700 | 313,663,600 | 341,376,500 |
| Total Liabilities | 293,836,100 | 302,194,600 | 328,985,200 |
| Total Stockholders Equity | 10,916,000 | 11,086,400 | 11,883,900 |
| Total Debt | 3,992,000 | 4,108,000 | 3,926,300 |
| Cash and Cash Equivalents | 4,707,700 | 4,211,900 | 4,431,000 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 3,792,400 | 4,602,900 | 0 |
| Capital Expenditure | -102,000 | -68,800 | 0 |
| Free Cash Flow | 3,690,400 | 4,534,100 | 0 |
| Net Income | 623,200 | 1,597,900 | 1,185,100 |
| Net Change in Cash | -140,300 | -495,800 | -4,211,900 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2029 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 20,017,962.053 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 20,655,612.039 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 20,313,384.900 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 3,297,875.740 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 3,402,925.915 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 3,346,545.422 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 2,822,981.131 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 2,940,401.557 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 2,877,381.602 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 0 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 0 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 0 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 12.750 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 13.030 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 12.510 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 1 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 2 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Strong Financial Performance: PFG has demonstrated robust revenue growth, as evidenced by recent income statements showing consistent increases in revenue and net income over the past periods. This aligns with positive free cash flow trends, indicating operational efficiency and financial health.
- Favorable Valuation Metrics: The current price-to-earnings (P/E) ratio (TTM) and forward P/E estimates suggest that PFG is reasonably valued compared to industry averages, providing a solid foundation for investor confidence. Additionally, the price-to-sales (P/S) ratio supports a positive outlook on revenue generation relative to market cap.
- Stable Dividend Yield: With a consistent dividend yield (TTM) and a history of dividend payments, PFG offers an attractive income stream for investors, enhancing its appeal in the wealth-building demographic.
- Sector and Industry Positioning: PFG operates in a sector with positive performance trends over multiple timeframes (1w, 1m, 3m, 6m, 1y, 5y), as per sector and industry performance data, indicating a supportive environment for sustained growth.
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Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates PFG intrinsic value between $171.56 – $283.54 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
Common questions about PFG valuation
Is Principal Financial Group, Inc. (PFG) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Principal Financial Group, Inc. (PFG) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is PFG a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether PFG trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is PFG’s P/E ratio?
You can see PFG’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for PFG?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is PFG a good long-term investment?
Whether PFG fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
PFG
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Daily snapshotTrading Metrics:
| Open: | 88.69 | Previous Close: | 90.08 | |
| Day Low: | 88.26 | Day High: | — | |
| Year Low: | Year High: | |||
| Price Avg 50: | Price Avg 200: | |||
| Volume: | Average Volume: |
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