Company Valuation: Southern Company

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 72,681 77,671 76,474 90,197 96,016 105,324 - -
Change - 6.86% -1.54% 17.94% 6.45% 9.69% - -
Enterprise Value (EV) 1 124,600 77,671 137,726 153,951 166,968 183,649 192,405 198,173
Change - -37.66% 77.32% 11.78% 8.46% 9.99% 4.77% 3%
P/E 30.3x 21.8x 19.3x 20.6x 22.2x 21x 19x 17.5x
PBR 2.61x - 2.43x 2.72x 2.66x 2.68x 2.49x 2.3x
PEG - 0.5x 1.8x 2.14x -12.65x 1.6x 1.8x 2.01x
Capitalization / Revenue 3.14x 2.65x 3.03x 3.38x 3.25x 3.38x 3.22x 3.03x
EV / Revenue 5.39x 2.65x 5.45x 5.76x 5.65x 5.9x 5.87x 5.69x
EV / EBITDA 13.7x 8.37x 13.3x 13x 13.1x 13x 12.6x 11.7x
EV / EBIT 22.4x 13.8x 23.6x 21.8x 22.9x 21.7x 20.5x 18.9x
EV / FCF -116x - -89.3x 185x -56.9x -85.2x -77.8x 948x
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% 3.25% 3.35% 3.48%
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 32,759 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 10,507
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 78,325 87,081 92,849
Reference price 2 68.58 71.41 70.12 82.32 87.20 93.43 93.43 93.43
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 2/17/22 2/16/23 2/15/24 2/20/25 2/19/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
21.02x5.9x13.04x3.25% 105B
36.73x6.48x47.46x0.18% 303B
21.5x9.1x14.99x2.88% 180B
21.18x4.34x11.79x3.43% 162B
13.65x1.95x6.84x5.25% 113B
22.49x3.35x13.44x0.61% 98.39B
18.3x5.61x11.18x3.55% 96.3B
20.43x5.22x12.55x2.97% 70.9B
18.9x6.31x13.51x3.92% 59.84B
17.2x3.29x10.35x0.57% 56.4B
Average 21.14x 5.16x 15.52x 2.66% 124.43B
Weighted average by Cap. 23.86x 5.58x 20.74x 2.36%

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. Stocks
  3. SO Stock
  4. Valuation Southern Company
-40%: Exceptional extension
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