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SSE

DB:SCT
Snowflake Description

Established dividend payer with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SCT
DB
£12B
Market Cap
  1. Home
  2. DE
  3. Utilities
Company description

SSE plc engages in the generation, transmission, distribution, and supply of electricity. The last earnings update was 146 days ago. More info.


Add to Portfolio Compare Print
  • SSE has significant price volatility in the past 3 months.
SCT Share Price and Events
7 Day Returns
-12.6%
DB:SCT
0.7%
Europe Electric Utilities
2.1%
DE Market
1 Year Returns
-3.2%
DB:SCT
-0.5%
Europe Electric Utilities
-16.6%
DE Market
SCT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
SSE (SCT) -12.6% -27.2% -22.2% -3.2% -26% -40.5%
Europe Electric Utilities 0.7% -17.1% -11.1% -0.5% 22.1% -2%
DE Market 2.1% -12.6% -22.9% -16.6% -21.9% -27.8%
1 Year Return vs Industry and Market
  • SCT underperformed the Electric Utilities industry which returned -0.5% over the past year.
  • SCT outperformed the Market in Germany which returned -16.6% over the past year.
Price Volatility
SCT
Industry
5yr Volatility vs Market

SCT Value

 Is SSE undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of SSE to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for SSE.

DB:SCT Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-09-30) in GBP £ 0.81334666666667
Payout Ratio Company Filings (2019-09-30) 5543.7%
Discount Rate (Cost of Equity) See below 4.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:SCT
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 6.1%
Electric Utilities Unlevered Beta Simply Wall St/ S&P Global 0.27
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.272 (1 + (1- 19%) (83.6%))
0.635
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (0.8 * 6.07%)
4.47%

Discounted Cash Flow Calculation for DB:SCT using Dividend Discount Model Model

The calculations below outline how an intrinsic value for SSE is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

DB:SCT Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= £0.81 / (4.47% - -0.39%)
£21.5
DB:SCT Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:SCT represents 1.13311x of LSE:SSE
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.13311x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (GBP) x Listing Adjustment Factor
= £ 16.75 x 1.13311
€18.98
Value per share (EUR) From above. €18.98
Current discount Discount to share price of €13.11
= -1 x (€13.11 - €18.98) / €18.98
30.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price SSE is available for.
Intrinsic value
31%
Share price is €13.11 vs Future cash flow value of €18.98
Current Discount Checks
For SSE to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • SSE's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • SSE's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for SSE's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are SSE's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:SCT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in GBP £1.67
LSE:SSE Share Price ** LSE (2020-04-07) in GBP £11.57
Europe Electric Utilities Industry PE Ratio Median Figure of 74 Publicly-Listed Electric Utilities Companies 10.45x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 16.83x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of SSE.

DB:SCT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:SSE Share Price ÷ EPS (both in GBP)

= 11.57 ÷ 1.67

6.95x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • SSE is good value based on earnings compared to the Europe Electric Utilities industry average.
  • SSE is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does SSE's expected growth come at a high price?
Raw Data
DB:SCT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.95x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts
6.3%per year
Europe Electric Utilities Industry PEG Ratio Median Figure of 35 Publicly-Listed Electric Utilities Companies 1.6x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.22x

*Line of best fit is calculated by linear regression .

DB:SCT PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 6.95x ÷ 6.3%

1.1x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • SSE is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on SSE's assets?
Raw Data
DB:SCT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in GBP £4.67
LSE:SSE Share Price * LSE (2020-04-07) in GBP £11.57
Europe Electric Utilities Industry PB Ratio Median Figure of 87 Publicly-Listed Electric Utilities Companies 0.78x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.45x
DB:SCT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:SSE Share Price ÷ Book Value per Share (both in GBP)

= 11.57 ÷ 4.67

2.48x

* Primary Listing of SSE.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • SSE is overvalued based on assets compared to the Europe Electric Utilities industry average.
X
Value checks
We assess SSE's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electric Utilities industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electric Utilities industry average (and greater than 0)? (1 check)
  5. SSE has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

SCT Future Performance

 How is SSE expected to perform in the next 1 to 3 years based on estimates from 13 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
6.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is SSE expected to grow at an attractive rate?
  • SSE's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • SSE's earnings growth is positive but not above the Germany market average.
  • SSE's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:SCT Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:SCT Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts 6.3%
DB:SCT Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 13 Analysts 1.3%
Europe Electric Utilities Industry Earnings Growth Rate Market Cap Weighted Average 9.6%
Europe Electric Utilities Industry Revenue Growth Rate Market Cap Weighted Average 4.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:SCT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:SCT Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2025-03-31 8,133 2,194 1,234 1
2024-03-31 8,074 1,910 1,017 4
2023-03-31 7,820 1,883 962 5
2022-03-31 8,126 1,697 849 13
2021-03-31 8,036 1,638 805 13
2020-04-07
2020-03-31 7,643 1,087 572 11
DB:SCT Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-09-30 7,066 1,447 1,714
2019-06-30 7,199 1,312 1,548
2019-03-31 7,332 1,177 1,382
2018-12-31 13,582 1,293 707
2018-09-30 19,848 1,410 71
2018-06-30 23,549 1,569 360
2018-03-31 27,250 1,727 650
2017-12-31 27,873 1,745 1,012
2017-09-30 28,495 1,762 1,374
2017-06-30 28,766 1,947 1,487
2017-03-31 29,038 2,132 1,600
2016-12-31 27,625 2,173 1,201

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • SSE's earnings are expected to grow by 6.3% yearly, however this is not considered high growth (20% yearly).
  • SSE's revenue is expected to grow by 1.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:SCT Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below

All data from SSE Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:SCT Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2025-03-31 1.19 1.19 1.19 1.00
2024-03-31 0.92 1.09 0.75 2.00
2023-03-31 0.85 0.97 0.76 3.00
2022-03-31 0.83 1.03 0.70 6.00
2021-03-31 0.85 1.01 0.65 7.00
2020-04-07
2020-03-31 0.67 0.88 0.25 4.00
DB:SCT Past Financials Data
Date (Data in GBP Millions) EPS *
2019-09-30 1.67
2019-06-30 1.51
2019-03-31 1.35
2018-12-31 0.69
2018-09-30 0.07
2018-06-30 0.36
2018-03-31 0.64
2017-12-31 1.00
2017-09-30 1.36
2017-06-30 1.47
2017-03-31 1.58
2016-12-31 1.19

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • SSE is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess SSE's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
SSE has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

SCT Past Performance

  How has SSE performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare SSE's growth in the last year to its industry (Electric Utilities).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • SSE has delivered over 20% year on year earnings growth in the past 5 years.
  • SSE's 1-year earnings growth exceeds its 5-year average (2317.9% vs 21.1%)
  • SSE's earnings growth has exceeded the Europe Electric Utilities industry average in the past year (2317.9% vs 9.7%).
Earnings and Revenue History
SSE's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from SSE Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:SCT Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 7,066.10 1,714.30 1,106.00
2019-06-30 7,198.85 1,547.95 1,079.85
2019-03-31 7,331.60 1,381.60 1,053.70
2018-12-31 13,581.55 706.90 1,016.15
2018-09-30 19,848.40 70.90 1,029.80
2018-06-30 23,549.40 360.20 1,087.15
2018-03-31 27,250.40 649.50 1,144.50
2017-12-31 27,872.60 1,011.90 1,323.80
2017-09-30 28,494.80 1,374.30 1,503.10
2017-06-30 28,766.35 1,486.90 1,607.20
2017-03-31 29,037.90 1,599.50 1,711.30
2016-12-31 27,625.25 1,201.35 1,629.65
2016-09-30 26,212.60 803.20 1,548.00
2016-06-30 27,496.95 631.90 1,509.10
2016-03-31 28,781.30 460.60 1,470.20
2015-12-31 30,926.65 472.55 1,450.20
2015-09-30 33,072.00 484.50 1,430.20
2015-06-30 32,363.20 513.80 1,408.40
2015-03-31 31,654.40 543.10 1,386.60
2014-12-31 30,539.60 372.80 1,364.40
2014-09-30 29,424.80 202.50 1,342.20
2014-06-30 30,004.90 262.80 1,342.50
2014-03-31 30,585.00 323.10 1,342.80
2013-12-31 30,529.75 540.90 1,327.50
2013-09-30 30,474.50 758.70 1,312.20
2013-06-30 29,389.55 580.70 1,291.90

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Whilst SSE has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.
  • SSE used its assets more efficiently than the Europe Electric Utilities industry average last year based on Return on Assets.
  • SSE's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess SSE's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electric Utilities industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
SSE has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

SCT Health

 How is SSE's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up SSE's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • SSE's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • SSE's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of SSE's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from SSE Company Filings, last reported 6 months ago.

DB:SCT Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 4,811.90 9,572.20 90.00
2019-06-30 4,811.90 9,572.20 90.00
2019-03-31 5,841.30 9,549.10 435.40
2018-12-31 5,841.30 9,549.10 435.40
2018-09-30 4,464.20 9,247.60 76.70
2018-06-30 4,464.20 9,247.60 76.70
2018-03-31 5,230.20 8,839.40 237.20
2017-12-31 5,230.20 8,839.40 237.20
2017-09-30 6,075.50 8,272.40 1,199.60
2017-06-30 6,075.50 8,272.40 1,199.60
2017-03-31 6,272.50 8,209.00 1,443.60
2016-12-31 6,272.50 8,209.00 1,443.60
2016-09-30 4,903.90 7,596.70 257.90
2016-06-30 4,903.90 7,596.70 257.90
2016-03-31 5,217.00 7,283.50 383.90
2015-12-31 5,217.00 7,283.50 383.90
2015-09-30 6,039.90 6,357.40 1,678.40
2015-06-30 6,039.90 6,357.40 1,678.40
2015-03-31 6,080.50 6,254.30 1,537.50
2014-12-31 6,080.50 6,254.30 1,537.50
2014-09-30 4,877.00 6,333.30 244.40
2014-06-30 4,877.00 6,333.30 244.40
2014-03-31 5,119.50 6,252.80 488.00
2013-12-31 5,119.50 6,252.80 488.00
2013-09-30 5,307.30 6,129.10 477.90
2013-06-30 5,307.30 6,129.10 477.90
  • SSE's level of debt (198.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (129.5% vs 198.9% today).
  • Debt is not well covered by operating cash flow (15.1%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.2x coverage).
X
Financial health checks
We assess SSE's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. SSE has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

SCT Dividends

 What is SSE's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
6.91%
Current annual income from SSE dividends. Estimated to be 7.03% next year.
If you bought €2,000 of SSE shares you are expected to receive €138 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • SSE's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.67%).
  • SSE's dividend is above the markets top 25% of dividend payers in Germany (4.71%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:SCT Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below
Europe Electric Utilities Industry Average Dividend Yield Market Cap Weighted Average of 51 Stocks 4.8%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.7%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:SCT Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2025-03-31 0.87 1.00
2024-03-31 0.83 4.00
2023-03-31 0.83 6.00
2022-03-31 0.82 16.00
2021-03-31 0.80 18.00
2020-04-07
2020-03-31 0.79 18.00
DB:SCT Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2020-03-27 0.800 6.728
2019-06-14 0.975 7.604
2019-05-22 0.975 9.031
2018-11-23 0.956 8.398
2018-06-01 0.947 7.692
2018-02-20 0.923 7.075
2017-06-16 0.913 6.675
2017-05-17 0.913 6.087
2016-06-17 0.894 5.895
2015-11-13 0.887 6.056
2015-06-23 0.884 5.826
2015-05-20 0.884 5.438
2014-05-23 0.867 5.592
2013-11-18 0.850 6.034
2013-05-22 0.842 5.539
2012-05-16 0.801 5.635
2011-11-09 0.800 6.201
2011-05-20 0.750 5.641
2010-11-10 0.745 6.110
2010-05-19 0.700 6.210
2010-05-18 0.700 6.441
2009-11-11 0.672 5.963
2009-05-21 0.660 5.873

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of SSE's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.8x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.1x coverage).
X
Income/ dividend checks
We assess SSE's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can SSE afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. SSE has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

SCT Management

 What is the CEO of SSE's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Alistair Phillips-Davies
COMPENSATION £1,656,000
AGE 52
TENURE AS CEO 6.8 years
CEO Bio

Mr. Alistair Phillips-Davies has been Vice President of Eurelectric Aisbl since June 2015. Mr. Phillips-Davies has been the Chief Executive Officer of SSE plc since July 1, 2013. He leads the Executive Committee and the rest of the SSE team in the day-to-day running and operations of SSE and is responsible for implementing the strategy and policy set by the Board. He also has Board-level responsibility for Human Resources and Corporate Affairs. He served as Deputy Chief Executive of SSE plc since 2012. He served as Deputy Chief Executive of Retail and Wholesale Business at SSE plc (alternative name, Scottish & Southern Energy PLC) from September 2012 to July 1, 2013. He served as the Generation & Supply Director at SSE plc since December 2010 and served as its Member of Management Board. He served as Energy Supply Director at SSE plc since 2002 and was its Director of Corporate Finance and Business Development. He joined Southern Electric in February 1997 having worked for HSBC and the National Westminster Bank in corporate finance and business development roles. He also served as Director of Energy Supply Operations at SSE plc and oversaw the introduction of the New Electricity Trading Arranagements. He serves as a Member of Eurelectric Aisbl. He has been an Executive Director of SSE plc since January 2002. He has been with SSE since 1997. He serves as a Member of Scottish Energy Advisory Board and Member of the Accenture Global Energy Board. His career progression has supported the development of sound leadership skills and a detailed understanding of the energy markets in Great Britain and Ireland, including the implications of EU membership and the increasingly global context in which they operate. Mr. Phillips-Davies has initiated significant focus on people development and efficient operations in order to develop SSE’s capabilities for future growth. He has Board level responsibility for Energy Trading, Electricity and Gas Supply, Marketing and Energy Services. He has a degree in Natural Sciences and is a qualified Chartered Accountant.

CEO Compensation
  • Alistair's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Alistair's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the SSE management team in years:

0.9
Average Tenure
52
Average Age
  • The average tenure for the SSE management team is less than 2 years, this suggests a new team.
Management Team

Alistair Phillips-Davies

TITLE
CEO & Executive Director
COMPENSATION
£2M
AGE
52
TENURE
6.8 yrs

Gregor Alexander

TITLE
Finance Director & Executive Director
COMPENSATION
£1M
AGE
56
TENURE
17.5 yrs

Katie Bickerstaffe

TITLE
Executive Chair of SSE Energy Services
COMPENSATION
£7K
AGE
52
TENURE
0.8 yrs

Martin Pibworth

TITLE
Wholesale Director
COMPENSATION
£687K

Tony Keeling

TITLE
COO & Co-Head of Retail

Sally Fairbairn

TITLE
Director of Investor Relations & Company Secretary

Liz Tanner

TITLE
General Counsel
TENURE
0.5 yrs

Alan Young

TITLE
Managing Director of Corporate Affairs & Sustainability
TENURE
0.5 yrs

Rob McDonald

TITLE
Managing Director of Transmission
TENURE
0.9 yrs

Jim Smith

TITLE
Managing Director of Renewables
Board of Directors Tenure

Average tenure and age of the SSE board of directors in years:

4.7
Average Tenure
59
Average Age
  • The tenure for the SSE board of directors is about average.
Board of Directors

Richard Gillingwater

TITLE
Chairman of the Baord
COMPENSATION
£389K
AGE
62
TENURE
4.8 yrs

Alistair Phillips-Davies

TITLE
CEO & Executive Director
COMPENSATION
£2M
AGE
52
TENURE
18.3 yrs

Gregor Alexander

TITLE
Finance Director & Executive Director
COMPENSATION
£1M
AGE
56
TENURE
17.5 yrs

Martin Pibworth

TITLE
Wholesale Director
COMPENSATION
£687K
TENURE
2.6 yrs

Sue Bruce

TITLE
Independent Non-Executive Director
COMPENSATION
£86K
TENURE
6.6 yrs

Peter Lynas

TITLE
Independent Non-Executive Director
COMPENSATION
£88K
TENURE
5.8 yrs

Tony Cocker

TITLE
Independent Non-Executive Director
COMPENSATION
£68K
AGE
60
TENURE
1.9 yrs

Crawford Gillies

TITLE
Senior Independent Director
COMPENSATION
£88K
AGE
63
TENURE
4.7 yrs

Helen Mahy

TITLE
Independent Non-Executive Director
COMPENSATION
£80K
AGE
58
TENURE
4.1 yrs

Melanie Smith

TITLE
Independent Non-Executive Director
COMPENSATION
£17K
TENURE
1.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by SSE individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
27. Jan 20 Buy Melanie Smith Individual 23. Jan 20 23. Jan 20 901 €17.88 €16,111
04. Jul 19 Sell Martin Pibworth Individual 28. Jun 19 28. Jun 19 -2,588 €12.47 €-32,265
X
Management checks
We assess SSE's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. SSE has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

SCT News

Simply Wall St News

SCT Company Info

Description

SSE plc engages in the generation, transmission, distribution, and supply of electricity. The company operates through three segments: Wholesale, Networks, and Retail. It generates electricity from water, water, gas, coal, oil, and multi fuel. The company distributes electricity to approximately 3.8 million homes and businesses across the north of the central belt of Scotland and also central southern England; and owns and operates 132 kilovolts (KV), 275kV, and 400kV electricity transmission network using high voltage overhead lines, and underground and subsea cables. It also produces, stores, distributes, and supplies gas. In addition, it engages in electricity and utility contracting, telecommunications, energy trading, insurance, and property holding businesses, as well as provision of corporate and maintenance services. The company was formerly known as Scottish and Southern Energy plc and changed its name to SSE plc in September 2011. SSE plc was incorporated in 1989 and is based in Perth, the United Kingdom.

Details
Name: SSE plc
SCT
Exchange: DB
Founded: 1989
£13,626,099,408
1,036,593,270
Website: http://www.sse.com
Address: SSE plc
Inveralmond House,
200 Dunkeld Road,
Perth,
Perthshire, PH1 3AQ,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE SSE Ordinary Shares London Stock Exchange GB GBP 31. Mar 1993
OTCPK SSEZ.F Ordinary Shares Pink Sheets LLC US USD 31. Mar 1993
DB SCT Ordinary Shares Deutsche Boerse AG DE EUR 31. Mar 1993
XTRA SCT Ordinary Shares XETRA Trading Platform DE EUR 31. Mar 1993
BATS-CHIXE SSEL Ordinary Shares BATS 'Chi-X Europe' GB GBP 31. Mar 1993
OTCPK SSEZ.Y SPONSORED ADR Pink Sheets LLC US USD 03. Jan 1900
Number of employees
Current staff
Staff numbers
12,111
SSE employees.
Industry
Electric Utilities
Utilities
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 23:27
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2020/04/07
Last earnings filing: 2019/11/13
Last earnings reported: 2019/09/30
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.