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 98,874 - -
Change - 6.86% -1.54% 17.94% 6.45% 2.98% - -
Enterprise Value (EV) 1 124,600 77,671 137,726 153,951 166,968 176,735 185,241 190,846
Change - -37.66% 77.32% 11.78% 8.46% 5.85% 4.81% 3.03%
P/E 30.3x 21.8x 19.3x 20.6x 22.2x 19.2x 17.5x 16.2x
PBR 2.61x - 2.43x 2.72x 2.66x 2.44x 2.27x 2.11x
PEG - 0.5x 1.8x 2.14x -12.65x 1.4x 1.78x 1.93x
Capitalization / Revenue 3.14x 2.65x 3.03x 3.38x 3.25x 3.2x 3.02x 2.83x
EV / Revenue 5.39x 2.65x 5.45x 5.76x 5.65x 5.72x 5.66x 5.46x
EV / EBITDA 13.7x 8.37x 13.3x 13x 13.1x 12.5x 12.1x 11.3x
EV / EBIT 22.4x 13.8x 23.6x 21.8x 22.9x 21.7x 20.4x 18.7x
EV / FCF -116x - -89.3x 185x -56.9x -101x -72.2x 1,354x
FCF Yield -0.86% - -1.12% 0.54% -1.76% -0.99% -1.38% 0.07%
Dividend per Share 2 2.62 - 2.78 2.86 2.94 3.038 3.134 3.235
Rate of return 3.82% - 3.96% 3.47% 3.37% 3.53% 3.65% 3.76%
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% 60.8%
Net sales 1 23,113 29,279 25,253 26,724 29,553 30,909 32,745 34,974
EBITDA 1 9,123 9,284 10,351 11,823 12,786 14,094 15,309 16,957
EBIT 1 5,558 5,621 5,826 7,068 7,285 8,148 9,089 10,188
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 85.95 85.95 85.95
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.($)
28.43x4.77x34.7x0.23% 233B
20.27x8.92x15.4x3.02% 170B
19.43x4.03x11.1x3.68% 148B
12.03x1.79x6.39x5.89% 100B
19.46x5.76x12.63x3.49% 100B
20.82x3.24x13.14x0.65% 93.74B
17.64x5.51x11.1x3.66% 92.8B
18.99x5.08x12.29x3.15% 66.54B
17.98x6.14x12.9x4.14% 56.69B
Average 19.45x 5.03x 14.41x 3.1% 117.87B
Weighted average by Cap. 20.71x 5.17x 17.02x 2.73%

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. 0L8A Stock
  5. Valuation Southern Company