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 96,016 101,520 - -
Change - 6.86% -1.54% 17.94% 6.45% 5.73% - -
Enterprise Value (EV) 1 124,600 77,671 137,726 153,951 166,968 179,381 187,887 193,492
Change - -37.66% 77.32% 11.78% 8.46% 7.43% 4.74% 2.98%
P/E 30.3x 21.8x 19.3x 20.6x 22.2x 19.7x 18x 16.6x
PBR 2.61x - 2.43x 2.72x 2.66x 2.5x 2.33x 2.16x
PEG - 0.5x 1.8x 2.14x -12.65x 1.4x 1.84x 1.98x
Capitalization / Revenue 3.14x 2.65x 3.03x 3.38x 3.25x 3.28x 3.1x 2.9x
EV / Revenue 5.39x 2.65x 5.45x 5.76x 5.65x 5.8x 5.74x 5.53x
EV / EBITDA 13.7x 8.37x 13.3x 13x 13.1x 12.7x 12.3x 11.4x
EV / EBIT 22.4x 13.8x 23.6x 21.8x 22.9x 22x 20.6x 19x
EV / FCF -116x - -89.3x 185x -56.9x -103x -73.3x 1,372x
FCF Yield -0.86% - -1.12% 0.54% -1.76% -0.97% -1.37% 0.07%
Dividend per Share 2 2.62 - 2.78 2.86 2.94 3.025 3.134 3.235
Rate of return 3.82% - 3.96% 3.47% 3.37% 3.43% 3.55% 3.67%
EPS 2 2.26 3.28 3.64 3.99 3.92 4.47 4.908 5.32
Distribution rate 116% - 76.4% 71.7% 75% 67.7% 63.8% 60.8%
Net sales 1 23,113 29,279 25,253 26,724 29,553 30,912 32,742 34,959
EBITDA 1 9,123 9,284 10,351 11,823 12,786 14,154 15,309 16,957
EBIT 1 5,558 5,621 5,826 7,068 7,285 8,172 9,106 10,198
Net income 1 2,393 3,524 3,976 4,401 4,341 5,039 5,647 6,278
Net Debt 1 51,919 - 61,252 63,754 70,952 77,861 86,367 91,972
Reference price 2 68.58 71.41 70.12 82.32 87.20 88.25 88.25 88.25
Nbr of stocks (in thousands) 1,059,804 1,087,673 1,090,619 1,095,684 1,101,105 1,150,363 - -
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
29.67x4.99x36.54x0.22% 243B
20.33x8.93x15.27x3.01% 171B
20.03x4.1x11.3x3.58% 153B
13.04x1.88x6.69x5.44% 109B
19.74x5.8x12.67x3.43% 102B
21.78x3.36x13.64x0.62% 98.05B
17.82x5.54x11.16x3.62% 93.76B
19.21x5.08x12.28x3.15% 66.59B
18.28x6.19x13.01x4.07% 57.65B
Average 19.99x 5.10x 14.73x 3.01% 121.42B
Weighted average by Cap. 21.32x 5.22x 17.55x 2.65%

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. SOT Stock
  5. Valuation Southern Company