Company Valuation: SSE plc

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 18,502 19,349 17,926 17,524 31,298 29,868 - -
Change - 4.58% -7.36% -2.24% 78.6% -4.57% - -
Enterprise Value (EV) 1 27,100 28,244 27,362 27,711 41,393 41,720 44,816 48,961
Change - 4.22% -3.12% 1.28% 49.38% 0.79% 7.42% 9.25%
P/E 6.1x -158x 10.5x 14.7x 24.6x 13.8x 11.9x 11.1x
PBR 2.04x 2.26x 1.96x 1.72x 2.35x 1.88x 1.69x 1.57x
PEG - 2x -0x -0.5x -9.85x 0.2x 0.8x 1.46x
Capitalization / Revenue 2.15x 1.55x 1.71x 1.73x 3.07x 2.68x 2.47x 2.34x
EV / Revenue 3.15x 2.26x 2.62x 2.74x 4.06x 3.75x 3.7x 3.84x
EV / EBITDA 12x 8.35x 8.3x 8.27x 12.9x 10.5x 9.62x 9.26x
EV / EBIT 17.6x 11.2x 11.3x 11.5x 18.5x 14.5x 13.2x 12.6x
EV / FCF 157x -87.7x 27.3x -42.4x -41x -15.2x -14.1x -12.1x
FCF Yield 0.64% -1.14% 3.66% -2.36% -2.44% -6.59% -7.11% -8.24%
Dividend per Share 2 0.857 0.967 0.6 0.642 0.687 0.7298 0.7811 0.8374
Rate of return 4.9% 5.36% 3.64% 4.03% 2.65% 2.95% 3.15% 3.38%
EPS 2 2.868 -0.114 1.565 1.081 1.054 1.799 2.077 2.236
Distribution rate 29.9% -848% 38.3% 59.4% 65.2% 40.6% 37.6% 37.5%
Net sales 1 8,608 12,491 10,457 10,132 10,186 11,131 12,110 12,747
EBITDA 1 2,257 3,382 3,296 3,349 3,208 3,965 4,657 5,288
EBIT 1 1,537 2,529 2,426 2,419 2,237 2,871 3,400 3,899
Net income 1 3,031 -123 1,710 1,189 1,209 2,270 2,692 3,068
Net Debt 1 8,598 8,894 9,436 10,187 10,095 11,852 14,948 19,093
Reference price 2 17.48 18.03 16.50 15.94 25.95 24.76 24.76 24.76
Nbr of stocks (in thousands) 1,058,168 1,073,181 1,086,438 1,099,384 1,206,100 1,206,293 - -
Announcement Date 5/25/22 5/24/23 5/22/24 5/21/25 5/28/26 - - -
1GBP in Million2GBP
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
30.53x5.15x37.45x0.21% 250B
19.99x8.85x15.18x3.08% 168B
19.99x4.13x11.34x3.57% 151B
12.19x1.82x6.43x5.82% 101B
19.13x5.7x12.5x3.55% 98.38B
17.42x5.48x11x3.71% 91.64B
20.05x3.14x12.75x0.67% 90.25B
18.65x5.03x12.17x3.21% 65.33B
17.74x6.1x12.84x4.2% 55.92B
Average 19.52x 5.04x 14.63x 3.11% 119.08B
Weighted average by Cap. 21.23x 5.22x 17.91x 2.7%

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

-40%: Exceptional extension
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