BEN · NYQ · Financial Services
Franklin Templeton Inc.
Also onShortfallConsensus DriftCrosscheck
Implied value per share
USD 5.15
Market price
USD 31.97
Implied upside
-83.9%
10-year forecast · Excess returns over book equity · Base case · Price 2026-11-02 · Accounts to 2025-09-30
NoteA financial, valued on excess returns over book equity.
Excess Returns
- Return on equity
- 3.8%
- Payout
- 100%
- Cost of equity
- 10.83%
| Line | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 | FY32 | FY33 | FY34 | FY35 |
|---|---|---|---|---|---|---|---|---|---|---|
| Opening book equity | USD 12.1bn | USD 12.1bn | USD 12.2bn | USD 12.3bn | USD 12.4bn | USD 12.5bn | USD 12.7bn | USD 12.9bn | USD 13.2bn | USD 13.5bn |
| Return on equity | 3.8% | 3.8% | 3.8% | 3.8% | 3.8% | 3.8% | 3.8% | 3.8% | 3.8% | 3.8% |
| Excess return | USD -852.6m | USD -854.7m | USD -859.0m | USD -865.4m | USD -874.1m | USD -885.0m | USD -898.3m | USD -914.0m | USD -932.3m | USD -953.2m |
| Present value | USD -769.3m | USD -695.8m | USD -631.0m | USD -573.6m | USD -522.7m | USD -477.5m | USD -437.3m | USD -401.5m | USD -369.5m | USD -340.9m |
| Book equity | USD 12.1bn |
| Present value of excess returns | USD -5.2bn |
| Terminal, growing at 2.50% | USD -4.2bn |
| Equity value | USD 2.7bn |
| Per share | USD 5.15 |
Discount Rate
| Risk-free rate | 4.89% | US 10-year Treasury (^TNX), 2026-11-02 |
| Equity risk premium | 4.23% | Damodaran, January 2026 |
| Beta | 1.403 | Reported 1.602, pulled toward 1.0 (Blume) |
| Cost of equity | 10.83% | Risk-free + beta x equity risk premium |
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Yahoo Finance and RBA data. General information, not advice. Methodology.