Loading...

You're on the old version of Simply Wall St. We will no longer be supporting this site, so we recommend you switch to our brand new platform.

Southern

DB:SOT
Snowflake Description

Solid track record established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SOT
DB
$58B
Market Cap
  1. Home
  2. DE
  3. Utilities
Company description

The Southern Company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity. The last earnings update was 47 days ago. More info.


Add to Portfolio Compare Print
SOT Share Price and Events
7 Day Returns
-0.3%
DB:SOT
0.7%
Europe Electric Utilities
2.1%
DE Market
1 Year Returns
14.7%
DB:SOT
-0.5%
Europe Electric Utilities
-16.6%
DE Market
SOT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Southern (SOT) -0.3% -12.5% -7.3% 14.7% 11.5% 24.9%
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
  • SOT outperformed the Electric Utilities industry which returned -0.5% over the past year.
  • SOT outperformed the Market in Germany which returned -16.6% over the past year.
Price Volatility
SOT
Industry
5yr Volatility vs Market

Value

 Is Southern 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 Southern 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 Southern.

DB:SOT Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-12-31) in USD $ 2.633432
Payout Ratio Company Filings (2019-12-31) 9779%
Discount Rate (Cost of Equity) See below 4%
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:SOT
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
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- 21%) (83.44%))
0.632
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 * 5.44%)
3.96%

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

The calculations below outline how an intrinsic value for Southern 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:SOT Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= $2.63 / (3.96% - -0.39%)
$54.52
DB:SOT Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:SOT represents 0.9492x of NYSE:SO
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.9492x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 60.51 x 0.9492
€57.44
Value per share (EUR) From above. €57.44
Current discount Discount to share price of €52.32
= -1 x (€52.32 - €57.44) / €57.44
8.9%

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

Current Discount
Amount off the current price Southern is available for.
Intrinsic value
9%
Share price is €52.32 vs Future cash flow value of €57.44
Current Discount Checks
For Southern to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Southern's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Southern'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 Southern's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Southern's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:SOT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $4.53
NYSE:SO Share Price ** NYSE (2020-04-07) in USD $55.12
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 Southern.

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

= NYSE:SO Share Price ÷ EPS (both in USD)

= 55.12 ÷ 4.53

12.17x

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

  • Southern is overvalued based on earnings compared to the Europe Electric Utilities industry average.
  • Southern is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Southern's expected growth come at a high price?
Raw Data
DB:SOT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.17x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts
-1.5%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:SOT PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 12.17x ÷ -1.5%

-7.95x

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

  • Southern earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Southern's assets?
Raw Data
DB:SOT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $26.11
NYSE:SO Share Price * NYSE (2020-04-07) in USD $55.12
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:SOT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:SO Share Price ÷ Book Value per Share (both in USD)

= 55.12 ÷ 26.11

2.11x

* Primary Listing of Southern.

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

  • Southern is overvalued based on assets compared to the Europe Electric Utilities industry average.
X
Value checks
We assess Southern'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. Southern has a total score of 1/6, 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.

Future Performance

 How is Southern 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
-1.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Southern expected to grow at an attractive rate?
  • Southern's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Southern's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • Southern's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:SOT Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:SOT Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts -1.5%
DB:SOT Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 13 Analysts 2.8%
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:SOT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:SOT Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 25,359 8,719 4,389 1
2023-12-31 23,843 8,620 4,187 3
2022-12-31 23,235 8,021 3,732 6
2021-12-31 22,760 7,467 3,440 11
2020-12-31 22,112 7,106 3,288 13
2020-04-07
DB:SOT Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 21,419 5,781 4,739
2019-09-30 21,842 6,242 4,576
2019-06-30 22,006 6,200 4,424
2019-03-31 22,535 6,180 3,372
2018-12-31 23,495 6,945 2,226
2018-09-30 23,786 6,727 2,443
2018-06-30 23,828 6,911 2,349
2018-03-31 23,632 7,007 1,122
2017-12-31 23,031 6,394 842
2017-09-30 22,584 5,849 544
2017-06-30 22,647 5,495 613
2017-03-31 21,675 4,912 2,617

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Southern's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Southern's revenue is expected to grow by 2.8% 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:SOT Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below

All data from Southern Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:SOT Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31 4.03 4.03 4.03 1.00
2023-12-31 3.89 3.95 3.83 2.00
2022-12-31 3.53 3.58 3.45 4.00
2021-12-31 3.28 3.31 3.22 6.00
2020-12-31 3.15 3.21 2.90 7.00
2020-04-07
DB:SOT Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 4.53
2019-09-30 4.40
2019-06-30 4.28
2019-03-31 3.28
2018-12-31 2.18
2018-09-30 2.41
2018-06-30 2.33
2018-03-31 1.12
2017-12-31 0.84
2017-09-30 0.55
2017-06-30 0.62
2017-03-31 2.70

*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.
  • Southern is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Southern'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.
Southern has a total score of 0/6, 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.

Past Performance

  How has Southern 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 Southern'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.
  • Southern's year on year earnings growth rate has been positive over the past 5 years.
  • Southern's 1-year earnings growth exceeds its 5-year average (112.9% vs 14.1%)
  • Southern's earnings growth has exceeded the Europe Electric Utilities industry average in the past year (112.9% vs 9.7%).
Earnings and Revenue History
Southern'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 Southern Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:SOT Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 21,419.00 4,739.00 -267.00
2019-09-30 21,842.00 4,576.00 -24.00
2019-06-30 22,006.00 4,424.00 -16.00
2019-03-31 22,535.00 3,372.00
2018-12-31 23,495.00 2,226.00 -235.00
2018-09-30 23,786.00 2,443.00 -176.00
2018-06-30 23,828.00 2,349.00 -117.00
2018-03-31 23,632.00 1,122.00
2017-12-31 23,031.00 842.00 -235.00
2017-09-30 22,584.00 544.00
2017-06-30 22,647.00 613.00
2017-03-31 21,675.00 2,617.00
2016-12-31 19,896.00 2,448.00
2016-09-30 18,283.00 2,522.00
2016-06-30 17,420.00 2,341.00
2016-03-31 17,298.00 2,348.00
2015-12-31 17,489.00 2,367.00
2015-09-30 17,938.00 2,379.00
2015-06-30 17,876.00 2,139.00
2015-03-31 18,006.00 2,120.00
2014-12-31 18,467.00 1,963.00
2014-09-30 18,377.00 2,094.00
2014-06-30 18,055.00 2,228.00
2014-03-31 17,834.00 1,914.00
2013-12-31 17,087.00 1,644.00
2013-09-30 16,863.00 1,613.00
2013-06-30 16,895.00 1,737.00

*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.
  • Southern has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Southern used its assets more efficiently than the Europe Electric Utilities industry average last year based on Return on Assets.
  • Southern has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Southern'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.
Southern has a total score of 5/6, 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.

Health

 How is Southern'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 Southern's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Southern's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Southern's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Southern'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 0.2x 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 Southern Company Filings, last reported 3 months ago.

DB:SOT Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 32,050.00 46,616.00 1,975.00
2019-09-30 32,082.00 45,725.00 2,931.00
2019-06-30 31,422.00 43,984.00 1,383.00
2019-03-31 30,978.00 43,778.00 1,361.00
2018-12-31 29,330.00 46,652.00 1,396.00
2018-09-30 28,389.00 47,002.00 1,847.00
2018-06-30 27,016.00 49,701.00 1,980.00
2018-03-31 26,349.00 51,952.00 2,284.00
2017-12-31 25,852.00 50,589.00 2,130.00
2017-09-30 26,359.00 50,126.00 1,841.00
2017-06-30 25,410.00 50,190.00 1,433.00
2017-03-31 27,278.00 48,873.00 1,094.00
2016-12-31 26,894.00 47,321.00 1,975.00
2016-09-30 26,347.00 45,474.00 2,669.00
2016-06-30 23,611.00 39,471.00 1,908.00
2016-03-31 22,346.00 29,871.00 773.00
2015-12-31 22,143.00 28,622.00 1,426.00
2015-09-30 22,082.00 27,165.00 1,120.00
2015-06-30 21,305.00 27,388.00 824.00
2015-03-31 21,409.00 26,124.00 1,119.00
2014-12-31 21,340.00 24,641.00 717.00
2014-09-30 20,988.00 24,462.00 1,416.00
2014-06-30 20,557.00 24,523.00 583.00
2014-03-31 20,201.00 23,654.00 593.00
2013-12-31 20,139.00 23,132.00 662.00
2013-09-30 19,909.00 23,110.00 689.00
2013-06-30 19,171.00 23,615.00 430.00
  • Southern's level of debt (145.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (115.5% vs 145.4% today).
  • Debt is not well covered by operating cash flow (12.4%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.2x coverage).
X
Financial health checks
We assess Southern'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. Southern 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.

Dividends

 What is Southern'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
4.5%
Current annual income from Southern dividends. Estimated to be 4.78% next year.
If you bought €2,000 of Southern shares you are expected to receive €90 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?
  • Southern's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.67%).
  • Southern's dividend is below 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:SOT 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:SOT Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2024-12-31 2.86 1.00
2023-12-31 2.80 3.00
2022-12-31 2.71 7.00
2021-12-31 2.62 11.00
2020-12-31 2.54 13.00
2020-04-07
DB:SOT Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-01-17 2.480 4.053
2019-10-21 2.480 3.970
2019-07-15 2.480 4.214
2019-04-15 2.480 4.575
2019-01-17 2.400 4.792
2018-10-15 2.400 5.243
2018-07-16 2.400 5.286
2018-04-16 2.400 5.311
2018-01-19 2.320 5.263
2017-10-16 2.320 4.639
2017-04-17 2.320 4.706
2017-01-13 2.240 4.522
2016-10-17 2.240 4.578
2016-07-18 2.240 4.307
2016-04-18 2.240 4.414
2016-01-14 2.170 4.403
2015-10-19 2.170 4.761
2015-04-20 2.170 4.956
2015-01-16 2.100 4.532
2014-10-20 2.100 4.365
2014-07-21 2.100 4.763
2014-04-21 2.100 4.747
2014-01-17 2.030 4.764
2013-10-21 2.030 4.929
2013-07-15 2.030 4.776
2013-04-15 2.030 4.468
2013-01-18 1.960 4.336
2012-10-15 1.960 4.480
2012-07-16 1.960 4.234
2012-04-16 1.960 4.239
2012-01-13 1.890 4.229
2011-10-17 1.890 4.291
2011-07-18 1.890 4.608
2011-04-18 1.890 4.757
2011-01-13 1.820 4.802
2010-10-18 1.820 4.781
2010-07-19 1.820 4.965
2010-04-19 1.820 5.373
2010-01-15 1.750 5.357
2009-10-19 1.750 5.355
2009-07-20 1.750 5.526
2009-04-20 1.750 5.889

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Southern'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 (1.3x coverage).
X
Income/ dividend checks
We assess Southern'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 Southern afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Southern 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.

Management

 What is the CEO of Southern'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
Tom Fanning
COMPENSATION $13,097,691
AGE 62
TENURE AS CEO 9.3 years
CEO Bio

Mr. Thomas A. Fanning, also known as Tom, has been the Chairman and Chief Executive Officer of The Southern Company since December 1, 2010 and its President of Southern Company since August 1, 2010. He serves as the Chairman of Southern Company, Chief Executive Officer of Southern Company, and President of Southern Company at Southern Company Services, Inc. Mr. Fanning served the Chair of Federal Reserve Bank of Atlanta (the “Company”) since November 2014 until January 2018. He served as the Chief Financial Officer of Southern Company Energy Solutions LLC and served as its Executive Vice President. He served as an Executive Vice President of Southern Company since April 2003 and its Chief Operating Officer since February 1, 2008. Since joining Southern Company in 1980 as Financial Analyst, he served various Executive positions in several Southern Company subsidiaries, including Chief Financial Officer of Mississippi Power Company since June 12, 1999. Mr. Fanning served as the Chief Information Officer and Senior Vice President of Strategy for the parent company and leadership roles at Southern Company Services. He served as the Chief Financial Officer of Southern Company from April 2003 to January 2008 and its Treasurer from April 2003 to May 2007. He served as the Chief Executive Officer and President of Southern Power Company. He served as the President and Chief Executive Officer of Gulf Power from May 2002 to April 2003, Executive Vice President, Treasurer and Chief Financial Officer of Georgia Power Company of Alabama Power Co., from June 1999 to 2002. Mr. Fanning served as the Chairman of Southern Power Company. He served as Vice Chairman of The St. Joe Company since 2011 and served as an Independent Director since May 17, 2005. He was a Director of Federal Reserve Bank of Atlanta until December 31, 2018. He served as Deputy Chairman of Federal Reserve Bank of Atlanta until November 2014. He served as a Director of Federal Reserve Bank of Atlanta since February 27, 2012. He has been a Director at Southern Power Company since November 4, 2003, Vulcan Materials Company since February 13, 2015 and Southern Company since 2010. He served as a Director at Georgia Power Co. since 2010 until February 11, 2015. He serves as a Trustee of Southern Center for International Studies and The Georgia Institute of Technology Advisory Board. He served as a Director of Gulf Power Co., from May 2002 to April 2003 and Alabama Power Co. since 2010. He served as a Director of The Electric Power Research Institute Inc. Mr. Fanning holds Bachelors degree and a Masters degree in Industrial Management from the Georgia Institute of Technology. His executive education includes programs at the International Institute for Management Development in Lausanne, Switzerland, Harvard University School of Business and the University of Virginia's Darden School of Business. He serves as Chairman of both the Electricity Subsector Coordinating Council (ESCC) and Strategic Infrastructure Coordinating Council (SICC).

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

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

7.1
Average Tenure
56
Average Age
  • The average tenure for the Southern management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Tom Fanning

TITLE
Chairman
COMPENSATION
$13M
AGE
62
TENURE
9.3 yrs

Drew Evans

TITLE
Executive VP & CFO
COMPENSATION
$4M
AGE
52
TENURE
1.8 yrs

William Bowers

TITLE
Chairman
COMPENSATION
$5M
AGE
63
TENURE
9.3 yrs

Mark Crosswhite

TITLE
Chairman
COMPENSATION
$5M
AGE
57
TENURE
6.1 yrs

Stephen Kuczynski

TITLE
Chairman
COMPENSATION
$6M
AGE
57
TENURE
8.8 yrs

Ann Daiss

TITLE
Chief Accounting Officer & Comptroller
AGE
51
TENURE
7.1 yrs

Martin Davis

TITLE
Chief Information Officer & Executive VP
AGE
55
TENURE
4.8 yrs

Scott Gammill

TITLE
Director of Investor Relations

James Kerr

TITLE
Executive VP
AGE
55
TENURE
6.1 yrs

Stacy Kilcoyne

TITLE
Vice President of Human Resources
TENURE
9.5 yrs
Board of Directors Tenure

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

7.3
Average Tenure
59.5
Average Age
  • The tenure for the Southern board of directors is about average.
Board of Directors

Tom Fanning

TITLE
Chairman
COMPENSATION
$13M
AGE
62
TENURE
9.3 yrs

William Bowers

TITLE
Chairman
COMPENSATION
$5M
AGE
63
TENURE
5.9 yrs

Mark Crosswhite

TITLE
Chairman
COMPENSATION
$5M
AGE
57

Stephen Kuczynski

TITLE
Chairman
COMPENSATION
$6M
AGE
57
TENURE
8.8 yrs

Kim Greene

TITLE
Chairman
COMPENSATION
$3M
AGE
53
TENURE
1.8 yrs

Anthony Wilson

TITLE
Chairman
AGE
55
TENURE
3.7 yrs

Bill Smith

TITLE
Independent Director
COMPENSATION
$260K
AGE
66
TENURE
14.2 yrs

Jon Boscia

TITLE
Independent Director
COMPENSATION
$250K
AGE
67
TENURE
12.3 yrs

David Grain

TITLE
Independent Director
COMPENSATION
$270K
AGE
57
TENURE
7.3 yrs

Johnny Johns

TITLE
Independent Director
COMPENSATION
$270K
AGE
67
TENURE
5.2 yrs
Who owns this company?
Recent Insider Trading
  • Southern individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
06. Mar 20 Sell Christopher Womack Individual 05. Mar 20 05. Mar 20 -9,843 €60.78 €-598,288
20. Dec 19 Sell Thomas Fanning Individual 19. Dec 19 19. Dec 19 -1,469,154 €56.63 €-83,204,522
X
Management checks
We assess Southern'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. Southern 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.

News

Simply Wall St News

Company Info

Description

The Southern Company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity. It operates in four segments: Gas Distribution Operations, Gas Pipeline Investments, Wholesale Gas Services, and Gas Marketing Services. The company also constructs, acquires, owns, and manages power generation assets, including renewable energy facilities and sells electricity in the wholesale market; and distributes natural gas in Illinois, Georgia, Virginia, and Tennessee, as well as provides gas marketing services, wholesale gas services, and gas pipeline investments operations. It owns and/or operates 30 hydroelectric generating stations, 24 fossil fuel generating stations, 3 nuclear generating stations, 13 combined cycle/cogeneration stations, 42 solar facilities, 10 wind facilities, and 1 biomass facility; and constructs, operates, and maintains 75,585 miles of natural gas pipelines and 14 storage facilities with total capacity of 157 Bcf to provide natural gas to residential, commercial, and industrial customers. The company serves approximately 8 million electric and gas utility customers. It also provides products and services in the areas of energy efficiency, and utility infrastructure. In addition, the company offers digital wireless communications services with various communication options, including push to talk, cellular service, text messaging, wireless Internet access, and wireless data. The Southern Company was incorporated in 1945 and is headquartered in Atlanta, Georgia.

Details
Name: The Southern Company
SOT
Exchange: DB
Founded: 1945
$53,955,185,162
1,053,228,409
Website: http://www.southerncompany.com
Address: The Southern Company
30 Ivan Allen Jr. Boulevard, N.W.,
Atlanta,
Georgia, 30308,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE SO Common Stock New York Stock Exchange US USD 02. Jan 1968
DB SOT Common Stock Deutsche Boerse AG DE EUR 02. Jan 1968
LSE 0L8A Common Stock London Stock Exchange GB USD 02. Jan 1968
WBAG SOUT Common Stock Wiener Boerse AG AT EUR 02. Jan 1968
ETLX SOT Common Stock Eurotlx IT EUR 02. Jan 1968
BOVESPA T1SO34 BDR EACH REPR 1 COM Bolsa de Valores de Sao Paulo BR BRL 30. Dec 2019
Number of employees
Current staff
Staff numbers
27,943
Southern employees.
Industry
Electric Utilities
Utilities
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 22:30
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2020/03/31
Last earnings filing: 2020/02/20
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


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.