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 95,354 - -
Change - 6.86% -1.54% 17.94% 6.45% -0.69% - -
Enterprise Value (EV) 1 124,600 77,671 137,726 153,951 166,968 173,215 181,721 187,327
Change - -37.66% 77.32% 11.78% 8.46% 3.74% 4.91% 3.08%
P/E 30.3x 21.8x 19.3x 20.6x 22.2x 18.5x 16.9x 15.6x
PBR 2.61x - 2.43x 2.72x 2.66x 2.35x 2.19x 2.03x
PEG - 0.5x 1.8x 2.14x -12.65x 1.3x 1.72x 1.86x
Capitalization / Revenue 3.14x 2.65x 3.03x 3.38x 3.25x 3.08x 2.91x 2.73x
EV / Revenue 5.39x 2.65x 5.45x 5.76x 5.65x 5.6x 5.55x 5.36x
EV / EBITDA 13.7x 8.37x 13.3x 13x 13.1x 12.3x 11.9x 11x
EV / EBIT 22.4x 13.8x 23.6x 21.8x 22.9x 21.3x 20x 18.4x
EV / FCF -116x - -89.3x 185x -56.9x -99.1x -70.8x 1,329x
FCF Yield -0.86% - -1.12% 0.54% -1.76% -1.01% -1.41% 0.08%
Dividend per Share 2 2.62 - 2.78 2.86 2.94 3.039 3.133 3.232
Rate of return 3.82% - 3.96% 3.47% 3.37% 3.67% 3.78% 3.9%
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% 68% 63.8% 60.7%
Net sales 1 23,113 29,279 25,253 26,724 29,553 30,916 32,744 34,972
EBITDA 1 9,123 9,284 10,351 11,823 12,786 14,088 15,305 16,954
EBIT 1 5,558 5,621 5,826 7,068 7,285 8,121 9,085 10,185
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 91,973
Reference price 2 68.58 71.41 70.12 82.32 87.20 82.89 82.89 82.89
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.($)
31.27x5.27x38.38x0.21% 256B
18.85x8.58x14.8x3.26% 158B
20.2x4.15x11.4x3.54% 151B
19.16x10.85x14.16x3.69% 103B
12.06x1.81x6.4x5.88% 98.72B
18.67x5.62x12.34x3.64% 96B
20.93x3.21x13.03x0.65% 93.74B
16.93x5.4x10.84x3.81% 89.05B
18.54x5.02x12.13x3.23% 64.95B
Average 19.62x 5.55x 14.83x 3.1% 123.47B
Weighted average by Cap. 21.31x 5.66x 18.14x 2.72%

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