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Franklin Resources

DB:FRK
Snowflake Description

Undervalued with excellent balance sheet and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FRK
DB
$8B
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

Franklin Resources, Inc. is a publicly owned asset management holding company. The last earnings update was 63 days ago. More info.


Add to Portfolio Compare Print
  • Franklin Resources is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • Franklin Resources has significant price volatility in the past 3 months.
FRK Share Price and Events
7 Day Returns
-8.8%
DB:FRK
3%
DE Capital Markets
2.2%
DE Market
1 Year Returns
-52.1%
DB:FRK
-6.9%
DE Capital Markets
-17.2%
DE Market
FRK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Franklin Resources (FRK) -8.8% -31.6% -35.3% -52.1% -62.4% -69.8%
DE Capital Markets 3% -17.7% -13.1% -6.9% -24.7% -54.9%
DE Market 2.2% -15.7% -24% -17.2% -23.3% -27.8%
1 Year Return vs Industry and Market
  • FRK underperformed the Capital Markets industry which returned -6.9% over the past year.
  • FRK underperformed the Market in Germany which returned -17.2% over the past year.
Price Volatility
FRK
Industry
5yr Volatility vs Market

FRK Value

 Is Franklin Resources undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Franklin Resources to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Franklin Resources.

DB:FRK Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 5 analysts.
= Stable Book Value * Return on Equity
= $21.75 * 11.2%
$2.44
Book Value of Equity per Share Weighted future Book Value estimates from 3 analysts. $21.75
Discount Rate (Cost of Equity) See below 4.4%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:FRK
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.75
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.753 (1 + (1- 21%) (12.88%))
0.886
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.89
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (0.886 * 5.44%)
4.43%

Discounted Cash Flow Calculation for DB:FRK using Excess Returns Model Model

The calculations below outline how an intrinsic value for Franklin Resources is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

DB:FRK Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (11.2% – 4.43%) * $21.75)
$1.48
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $1.48 / (4.43% - -0.39%)
$30.64
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $21.75 + $30.64
$52.38
DB:FRK Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:FRK represents 0.91425x of NYSE:BEN
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.91425x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 52.38 x 0.91425
€47.89
Value per share (EUR) From above. €47.89
Current discount Discount to share price of €14.50
= -1 x (€14.50 - €47.89) / €47.89
69.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Franklin Resources is available for.
Intrinsic value
>50%
Share price is €14.5 vs Future cash flow value of €47.89
Current Discount Checks
For Franklin Resources to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Franklin Resources's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Franklin Resources's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Franklin Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Franklin Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:FRK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $2.52
NYSE:BEN Share Price ** NYSE (2020-04-01) in USD $15.86
Germany Capital Markets Industry PE Ratio Median Figure of 16 Publicly-Listed Capital Markets Companies 22.55x
Germany Market PE Ratio Median Figure of 398 Publicly-Listed Companies 16.76x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Franklin Resources.

DB:FRK PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:BEN Share Price ÷ EPS (both in USD)

= 15.86 ÷ 2.52

6.3x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Franklin Resources is good value based on earnings compared to the DE Capital Markets industry average.
  • Franklin Resources is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Franklin Resources's expected growth come at a high price?
Raw Data
DB:FRK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.3x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts
-6.2%per year
Germany Capital Markets Industry PEG Ratio Median Figure of 6 Publicly-Listed Capital Markets Companies 1.59x
Germany Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.18x

*Line of best fit is calculated by linear regression .

DB:FRK PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 6.3x ÷ -6.2%

-1.01x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Franklin Resources earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Franklin Resources's assets?
Raw Data
DB:FRK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $20.26
NYSE:BEN Share Price * NYSE (2020-04-01) in USD $15.86
Germany Capital Markets Industry PB Ratio Median Figure of 31 Publicly-Listed Capital Markets Companies 1.5x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.44x
DB:FRK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:BEN Share Price ÷ Book Value per Share (both in USD)

= 15.86 ÷ 20.26

0.78x

* Primary Listing of Franklin Resources.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Franklin Resources is good value based on assets compared to the DE Capital Markets industry average.
X
Value checks
We assess Franklin Resources's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. Franklin Resources has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

FRK Future Performance

 How is Franklin Resources expected to perform in the next 1 to 3 years based on estimates from 10 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-6.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Franklin Resources expected to grow at an attractive rate?
  • Franklin Resources's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Franklin Resources's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • Franklin Resources's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:FRK Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:FRK Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts -6.2%
DB:FRK Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts -3.1%
Germany Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 39.4%
Germany Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 0.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:FRK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:FRK Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-09-30 5,016 1,070 4
2021-09-30 5,426 1,364 1,064 9
2020-09-30 5,388 1,013 1,174 10
2020-04-02
DB:FRK Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 5,776 -22 1,258
2019-09-30 5,775 202 1,185
2019-06-30 5,849 879 1,382
2019-03-31 5,931 1,766 1,538
2018-12-31 6,115 2,164 1,605
2018-09-30 6,319 2,230 747
2018-06-30 6,409 1,686 668
2018-03-31 6,464 1,418 676
2017-12-31 6,447 1,010 663
2017-09-30 6,392 1,135 1,684
2017-06-30 6,387 1,521 1,731
2017-03-31 6,408 1,912 1,768

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Franklin Resources's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Franklin Resources's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:FRK Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below

All data from Franklin Resources Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:FRK Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-09-30 2.27 2.66 2.10 4.00
2021-09-30 2.16 2.51 1.44 11.00
2020-09-30 2.33 2.61 1.69 12.00
2020-04-02
DB:FRK Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 2.52
2019-09-30 2.35
2019-06-30 2.71
2019-03-31 2.97
2018-12-31 3.04
2018-09-30 1.39
2018-06-30 1.22
2018-03-31 1.23
2017-12-31 1.19
2017-09-30 3.01
2017-06-30 3.07
2017-03-31 3.11

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Franklin Resources is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Franklin Resources's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Franklin Resources has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

FRK Past Performance

  How has Franklin Resources performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Franklin Resources's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Franklin Resources's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Franklin Resources's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Franklin Resources's 1-year earnings growth is negative, it can't be compared to the DE Capital Markets industry average.
Earnings and Revenue History
Franklin Resources's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Franklin Resources Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:FRK Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 5,775.70 1,257.70 785.00
2019-09-30 5,774.50 1,184.80 783.60
2019-06-30 5,849.20 1,382.40 783.80
2019-03-31 5,931.10 1,537.80 772.00
2018-12-31 6,115.10 1,604.50 760.90
2018-09-30 6,319.10 746.80 744.80
2018-06-30 6,408.80 667.50 721.40
2018-03-31 6,464.10 675.90 702.90
2017-12-31 6,446.90 662.80 682.10
2017-09-30 6,392.20 1,684.30 653.70
2017-06-30 6,387.10 1,731.30 666.50
2017-03-31 6,407.50 1,767.50 652.50
2016-12-31 6,420.80 1,707.90 651.80
2016-09-30 6,618.00 1,715.80 653.30
2016-06-30 6,880.00 1,602.80 657.00
2016-03-31 7,246.50 1,660.50 672.10
2015-12-31 7,642.40 1,905.60 676.10
2015-09-30 7,948.70 2,023.30 697.30
2015-06-30 8,230.40 2,304.10 701.70
2015-03-31 8,360.10 2,378.10 706.20
2014-12-31 8,446.20 2,332.50 708.50
2014-09-30 8,491.40 2,370.00 714.10
2014-06-30 8,320.70 2,238.80 693.00
2014-03-31 8,275.00 2,212.30 665.70
2013-12-31 8,192.70 2,224.50 643.50
2013-09-30 7,985.00 2,136.30 637.10
2013-06-30 7,816.40 2,119.60 620.90

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Franklin Resources has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Franklin Resources used its assets more efficiently than the DE Capital Markets industry average last year based on Return on Assets.
  • Franklin Resources's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Franklin Resources's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Franklin Resources has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

FRK Health

 How is Franklin Resources's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Franklin Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Franklin Resources is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Franklin Resources's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Franklin Resources's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 12.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Franklin Resources Company Filings, last reported 3 months ago.

DB:FRK Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 11,624.80 697.00 5,864.80
2019-09-30 11,370.90 696.90 5,847.60
2019-06-30 11,372.30 697.00 5,581.60
2019-03-31 11,318.40 697.90 5,737.70
2018-12-31 11,009.00 697.70 6,510.50
2018-09-30 11,251.50 695.90 6,956.50
2018-06-30 12,222.00 695.70 6,895.90
2018-03-31 12,486.60 1,044.80 8,895.00
2017-12-31 14,288.60 1,044.50 9,007.10
2017-09-30 14,877.70 1,044.20 8,837.80
2017-06-30 14,535.70 1,374.70 8,942.60
2017-03-31 14,133.00 1,374.10 8,660.70
2016-12-31 13,088.20 1,394.40 8,626.60
2016-09-30 12,589.30 1,401.20 9,369.00
2016-06-30 12,410.90 1,441.00 9,460.40
2016-03-31 12,440.50 1,442.60 9,383.20
2015-12-31 12,474.10 1,348.10 9,374.00
2015-09-30 12,555.40 1,348.00 9,436.10
2015-06-30 12,785.60 1,347.90 9,532.70
2015-03-31 12,483.90 1,597.70 9,309.00
2014-12-31 12,228.50 1,198.30 9,028.40
2014-09-30 12,447.20 1,198.20 8,754.30
2014-06-30 12,104.60 1,198.10 8,881.60
2014-03-31 11,646.40 1,197.90 8,089.20
2013-12-31 11,238.20 1,197.80 7,787.40
2013-09-30 10,807.30 1,197.70 7,382.70
2013-06-30 10,523.10 1,252.10 7,269.20
  • Franklin Resources's level of debt (6%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (9.8% vs 6% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Franklin Resources earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Franklin Resources's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Franklin Resources has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

FRK Dividends

 What is Franklin Resources's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
6.81%
Current annual income from Franklin Resources dividends. Estimated to be 7.14% next year.
If you bought €2,000 of Franklin Resources shares you are expected to receive €136 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Franklin Resources's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.65%).
  • Franklin Resources's dividend is above the markets top 25% of dividend payers in Germany (4.87%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:FRK Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
Germany Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 3.2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 322 Stocks 3.8%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.6%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:FRK Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-09-30 1.20 8.00
2021-09-30 1.15 13.00
2020-09-30 1.08 13.00
2020-04-02
DB:FRK Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-02-11 1.080 5.308
2019-12-10 1.080 4.207
2019-09-05 1.040 3.741
2019-06-12 1.040 3.320
2019-02-12 1.040 3.117
2018-12-11 1.040 3.433
2018-08-28 0.920 2.952
2018-06-12 0.920 2.819
2018-02-14 0.920 2.603
2017-12-12 0.920 2.147
2017-08-23 0.800 1.860
2017-06-14 0.800 1.797
2017-02-15 0.800 1.889
2016-12-13 0.800 1.982
2016-09-06 0.720 1.980
2016-06-14 0.720 2.073
2016-02-18 0.720 1.939
2015-12-15 0.720 2.106
2015-09-16 0.600 1.527
2015-06-16 0.600 1.334
2015-03-11 0.600 1.162
2014-12-03 0.600 1.109
2014-09-17 0.480 0.876
2014-06-18 0.480 0.852
2014-03-12 0.480 0.891
2013-12-10 0.480 0.881
2013-11-12 1.400 2.565
2013-10-24 1.400 2.620
2013-09-12 0.400 0.778
2013-07-29 0.388 0.813
2013-06-13 0.387 0.817
2013-03-13 0.387 0.754
2012-12-03 1.387 3.072
2012-09-13 0.360 0.839
2012-06-19 0.360 0.950
2012-03-14 0.360 0.928
2011-12-09 0.360 1.015
2011-09-15 0.333 0.987
2011-06-14 0.333 0.819
2011-03-15 0.333 0.807
2010-12-16 0.333 0.836
2010-09-16 0.293 0.768
2010-06-15 0.293 0.912
2010-03-16 0.293 0.821
2010-02-08 0.293 0.855
2010-01-28 0.293 0.883
2009-12-18 0.293 0.826
2009-09-17 0.280 0.782
2009-06-16 0.280 1.020

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Franklin Resources's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.9x coverage).
X
Income/ dividend checks
We assess Franklin Resources's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Franklin Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Franklin Resources has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

FRK Management

 What is the CEO of Franklin Resources's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jenny Johnson
COMPENSATION $8,015,022
AGE 55
TENURE AS CEO 0.2 years
CEO Bio

Ms. Jennifer M. Johnson, also known as Jenny, serves as the Chief Executive Officer and President since December 31, 2016 at Franklin Resources, Inc. and has been its Chief Operating Officer since March 2010. She has been President at Franklin Resources, Inc. since December 31, 2016 and served as its Chief Operating Officer since March 2010 until February 11, 2020 and serves as its Chief Executive Officer and Director since February 11, 2020. Ms. Johnson has several years of proven track record of managing all major aspects of the business and is responsible for global transfer agency operations, investment management services, global human resources and compensation. She joined the firm in 1988. She serves as an Executive Vice President at Franklin Templeton Investments. Ms. Johnson served as Co-President since October 2015, an Executive Vice President at Franklin Resources, Inc. from March 2010 to October 1, 2015, Executive Vice President of Operations and Technology from December 2005 to March 2010, Senior Vice President and Chief Information Officer from May 2003 to December 2005 and Vice President since June 1994. She held global responsibilities for software development and implementation, infrastructure and systems support and telecommunications at Franklin Resources. Ms. Johnson served as the Chief Executive Officer of Finance and Administration at Franklin Universal Trust since December 2008 and served as its Co-President. She serves as a Director of Templeton Global Advisors Limited. Ms. Johnson serves as a Member of Advisory Board of Rigel Associates, LLC. She serves as a Director of Juvenile Diabetes Research Foundation. Ms. Johnson has been a Director of Lucile Salter Packard Children's Hospital since September 1, 2015. She has been a Board Member of Riva Financial Systems Limited since 2007. Ms. Johnson served as a Director of Keynote Systems, Inc. since April 16, 2004. She serves as a Director of Fiduciary Trust Company International. Ms. Johnson serves as a Board Member of the BizWorld Foundation. She holds a B.A. degree in Economics and Physical Education from the University of California at Davis and is a Graduate of the Stonier School of Banking, University of Pennsylvania.

CEO Compensation
  • Jenny's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Jenny's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Franklin Resources management team in years:

1
Average Tenure
57
Average Age
  • The average tenure for the Franklin Resources management team is less than 2 years, this suggests a new team.
Management Team

Greg Johnson

TITLE
Executive Chairman
COMPENSATION
$10M
AGE
58
TENURE
0.2 yrs

Jenny Johnson

TITLE
President
COMPENSATION
$8M
AGE
55
TENURE
0.2 yrs

Rupert Johnson

TITLE
Vice Chairman
AGE
79

Matthew Nicholls

TITLE
Executive VP & CFO
COMPENSATION
$4M
AGE
46
TENURE
0.9 yrs

Craig Tyle

TITLE
Executive VP & General Counsel
COMPENSATION
$2M
AGE
59
TENURE
14.7 yrs

Jed Plafker

TITLE
Executive Vice President
COMPENSATION
$4M
AGE
48
TENURE
2.3 yrs

Gwen Shaneyfelt

TITLE
Chief Accounting Officer
AGE
56
TENURE
1 yrs

Alok Sethi

TITLE
Executive Vice President of Technology & Operations
COMPENSATION
$1M
AGE
58

Brian Sevilla

TITLE
Director of Investor Relations & Corporate Development
TENURE
14.3 yrs

Lisa Gallegos

TITLE
Senior Vice President of Corporate Communications
Board of Directors Tenure

Average tenure and age of the Franklin Resources board of directors in years:

6.8
Average Tenure
59
Average Age
  • The tenure for the Franklin Resources board of directors is about average.
Board of Directors

Greg Johnson

TITLE
Executive Chairman
COMPENSATION
$10M
AGE
58
TENURE
6.8 yrs

Jenny Johnson

TITLE
President
COMPENSATION
$8M
AGE
55
TENURE
0.2 yrs

Rupert Johnson

TITLE
Vice Chairman
AGE
79
TENURE
20.3 yrs

Geoff Yang

TITLE
Independent Director
COMPENSATION
$258K
AGE
60
TENURE
9.1 yrs

Mark Pigott

TITLE
Independent Director
COMPENSATION
$258K
AGE
65
TENURE
9.1 yrs

Mariann Byerwalter

TITLE
Independent Director
COMPENSATION
$251K
AGE
58
TENURE
5.1 yrs

Peter Barker

TITLE
Independent Lead Director
COMPENSATION
$291K
AGE
70

Laura Stein

TITLE
Independent Director
COMPENSATION
$273K
AGE
57
TENURE
14.8 yrs

Seth Waugh

TITLE
Independent Director
COMPENSATION
$251K
AGE
61
TENURE
5.1 yrs

Anthony Noto

TITLE
Director
AGE
50
TENURE
0.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
30. Dec 19 Sell Rupert Johnson Individual 26. Dec 19 26. Dec 19 -400,000 €23.66 €-9,462,904
X
Management checks
We assess Franklin Resources's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Franklin Resources has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

FRK News

Simply Wall St News

FRK Company Info

Description

Franklin Resources, Inc. is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to individuals, institutions, pension plans, trusts, and partnerships. It launches equity, fixed income, balanced, and multi-asset mutual funds through its subsidiaries. The firm invests in the public equity, fixed income, and alternative markets. Franklin Resources, Inc. was founded in 1947 and is based in San Mateo, California with an additional office in Hyderabad, India.

Details
Name: Franklin Resources, Inc.
FRK
Exchange: DB
Founded: 1947
$7,206,987,187
496,897,552
Website: http://www.franklinresources.com
Address: Franklin Resources, Inc.
One Franklin Parkway,
San Mateo,
California, 94403,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE BEN Common Stock New York Stock Exchange US USD 10. Aug 1981
DB FRK Common Stock Deutsche Boerse AG DE EUR 10. Aug 1981
LSE 0RT6 Common Stock London Stock Exchange GB USD 10. Aug 1981
BOVESPA F1RA34 BDR EACH 1 REPR 1 SHS UNSPON Bolsa de Valores de Sao Paulo BR BRL 27. Jan 2020
Number of employees
Current staff
Staff numbers
9,600
Franklin Resources employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/02 00:26
End of day share price update: 2020/04/01 00:00
Last estimates confirmation: 2020/04/01
Last earnings filing: 2020/01/30
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/09/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.