Company Valuation: Southern Company

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 72,681 77,671 76,474 90,197 96,016 104,388 - -
Change - 6.86% -1.54% 17.94% 6.45% 8.72% - -
Enterprise Value (EV) 1 124,600 77,671 137,726 153,951 166,968 183,625 191,469 197,238
Change - -37.66% 77.32% 11.78% 8.46% 9.98% 4.27% 3.01%
P/E ratio 30.3x 21.8x 19.3x 20.6x 22.2x 20.8x 18.9x 17.4x
PBR 2.61x - 2.43x 2.72x 2.66x 2.63x 2.47x 2.28x
PEG - 0.5x 1.8x 2.14x -12.65x 1.6x 1.8x 1.99x
Capitalization / Revenue 3.14x 2.65x 3.03x 3.38x 3.25x 3.35x 3.19x 3x
EV / Revenue 5.39x 2.65x 5.45x 5.76x 5.65x 5.9x 5.84x 5.67x
EV / EBITDA 13.7x 8.37x 13.3x 13x 13.1x 13x 12.5x 11.6x
EV / EBIT 22.4x 13.8x 23.6x 21.8x 22.9x 21.7x 20.4x 18.8x
EV / FCF -116x - -89.3x 185x -56.9x -85.2x -77.4x 944x
FCF Yield -0.86% - -1.12% 0.54% -1.76% -1.17% -1.29% 0.11%
Dividend per Share 2 2.62 - 2.78 2.86 2.94 3.037 3.131 3.251
Rate of return 3.82% - 3.96% 3.47% 3.37% 3.28% 3.38% 3.51%
EPS 2 2.26 3.28 3.64 3.99 3.92 4.446 4.908 5.336
Distribution rate 116% - 76.4% 71.7% 75% 68.3% 63.8% 60.9%
Net sales 1 23,113 29,279 25,253 26,724 29,553 31,117 32,760 34,806
EBITDA 1 9,123 9,284 10,351 11,823 12,786 14,088 15,330 16,937
EBIT 1 5,558 5,621 5,826 7,068 7,285 8,481 9,366 10,506
Net income 1 2,393 3,524 3,976 4,401 4,341 5,009 5,587 6,219
Net Debt 1 51,919 - 61,252 63,754 70,952 79,237 87,081 92,849
Reference price 2 68.58 71.41 70.12 82.32 87.20 92.60 92.60 92.60
Nbr of stocks (in thousands) 1,059,804 1,087,673 1,090,619 1,095,684 1,101,105 1,127,301 - -
Announcement Date 17/02/22 16/02/23 15/02/24 20/02/25 19/02/26 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
20.83x5.9x13.03x3.28% 104B
30.12x5.33x39.1x0.21% 251B
21.64x9.1x14.51x2.88% 179B
19.84x4.18x11.36x3.66% 153B
13.4x1.93x6.77x5.35% 112B
18.41x5.62x11.21x3.53% 96.84B
20.92x3.18x12.58x0.67% 91B
20.26x5.2x12.49x2.99% 70.27B
18.58x6.26x13.39x3.99% 58.84B
25.31x6.23x13.96x2.34% 50.71B
Average 20.93x 5.29x 14.84x 2.89% 116.66B
Weighted average by Cap. 21.96x 5.42x 17.89x 2.6%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

  1. Stock Market
  2. Equities
  3. SO Stock
  4. Valuation Southern Company