The Southern Company (SO)

NYSE: SO · USD

$91.5

-1.18 (-1.3%)· Recorded snapshot

Dự phòng tiếng AnhVI

Hiển thị bản gốc tiếng Anh trong khi đang dịch

Báo cáo này chưa được dịch. Hãy làm mới sau vài phút khi hàng đợi dịch xử lý xong.

StockMarketAgent Research · Analyzed 2026-09-25

Our latest published analysis: SO rated Reduce

The Southern Company's published Reduce conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.

Fair value

$74.5 / share

Potential value

$102 / share

Upside to FV

-10.1%

from $91.5

Moat

6.5/10

Narrow

Read full analysis →View archive · 24mo

9-phase methodology · same model in each published edition

Market cap	$95.4B
Revenue (ttm)	30.2B
Net income (ttm)	4.7B
EPS (ttm)	$4.15
Shares out	1.2B
P/E (trailing)	22.0x
P/E (forward)	17.0x
Dividend	$3.04 (3.33%)
Volume	4,184,147
Beta	0.30

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 30.2B
Net income (ttm): 4.7B
EPS (ttm): $4.15
P/E (trailing): 22.0x
P/E (forward): 17.0x
Market cap: $95.4B

Item	P1	P2	P3	P4	P5	Trend
Period	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31	Trend
Revenue	$23.11B	$29.28B	$25.25B	$26.72B	$29.55B	+6.3%
Gross profit	$10.25B	$10.63B	$11.71B	$13.34B	$8.81B	-3.7%
Operating income	$3.70B	$5.37B	$5.83B	$7.07B	$7.29B	+18.5%
Net income	$2.41B	$3.54B	$3.98B	$4.40B	$4.34B	+15.9%
EPS (diluted)	$2.24	$3.26	$3.62	$3.99	$3.92	+15.0%
EBITDA	$8.39B	$10.31B	$11.78B	$13.24B	$14.33B	+14.3%
R&D	—	—	—	—	—	—
SG&A	$1.29B	$1.41B	—	—	—	+9.4%

Ticker	Name	Market cap	P/E	P/S	ROIC	5Y rev CAGR	1Y total return	Rating
ABBV	AbbVie Inc.	505.6B	80.8x	7.9x	17.7%	+3.7%	+29.1%	Bán
ABT	Abbott Laboratories	177.6B	38.2x	3.7x	7.2%	+2.7%	-17.2%	Giảm
ACN	Accenture plc	144.3B	18.0x	2.0x	27.9%	+8.0%	+0.4%	Giữ
AEE	Ameren Corporation	29.9B	19.1x	3.6x	4.4%	+8.0%	+6.0%	Giữ
AEP	American Electric Power Company Inc.	69.8B	20.9x	3.0x	4.3%	+7.6%	+13.5%	Giữ
CEG	Constellation Energy Corporation	91.4B	25.0x	2.9x	7.4%	+10.8%	-33.6%	Bán

Base and Bull scenarios

Base65%

Price target

$74.53

-10.1% from spot

In the base scenario, Southern Company delivers predictable rate-base compounding driven by ongoing customer additions and steady industrial electrification across its southeastern service territory. Operating income expands in line with general rate case filings and approved capital plans, while capital expenditure gradually moderates toward maintenance levels. The resulting valuation yields $74.53, representing Fair value $74.53 at an estimated probability of 65.0% and an expected return of -10.1% relative to $82.88 (as of 2026-09-25).

Rate-base compounding tracks approved multi-year utility capital expenditure plans
Commercial electrification and data center load additions align with consensus expectations
State regulatory compacts preserve authorized returns on equity within historical ranges

Bull15%

Price target

$102.27

+23.4% from spot

In the upside scenario, accelerating commercial load growth from artificial intelligence data centers, semiconductor fabrication plants, and manufacturing reshoring across Georgia and Alabama expands electricity demand well beyond baseline forecasts. Traditional Electric Operating Companies convert volume growth into rapid rate-base expansion supported by constructive state commission riders and incentive returns on equity. Operational stability from commercialized nuclear generation protects operating margins, driving intrinsic value to $102.27 with an estimated probability of 15.0% and an expected return of 23.4%.

Commercial and data center retail load growth exceeds baseline expectations
Constructive state regulatory riders support rapid rate-base growth and favorable authorized returns on equity
Operational efficiencies from baseload nuclear units lower fuel adjustment charges and stabilize margins

Sensitivity: Ke × terminal growth

The highlighted cell is Fair value when every assumption sits at its base level ($74.53). Each row and column shows what Fair value becomes when one assumption moves.

Ke ↓ / g →	2.0%	2.3%	2.5%	2.8%	3.0%
5.3%	$84.4	$88.6	$93.5	$99.4	$107
5.8%	$76.1	$79.1	$82.6	$86.7	$91.6
6.3%	$69.6	$71.9	$74.5	$77.5	$80.9
6.8%	$64.4	$66.2	$68.2	$70.5	$73.0
7.3%	$60.1	$61.6	$63.2	$64.9	$66.9

Scorecard

Published factor rows and weighted composite

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/E17

P25 n/aP50 n/aP75 n/a

Trailing P/E20

P25 n/aP50 n/aP75 n/a

ROE11.5

P25 n/aP50 n/aP75 n/a

ROIC4.5

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All SO indicators

Market & fundamental data

Available fields

270

Groups with data

Currency

USD

Showing 270 of 270 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	USD
CIK code	0000092122
Company name	The Southern Company
Country	United States
Country code	US
CUSIP number	842587107
Earnings date	2026-11-05
Earnings time	bmo
Employees	29,800
Employees change	1,200
Employees growth	4.2%
Enterprise value	$179.3B
Exchange	NYSE
Financial currency	USD
Financial report date	2026-06-30
First seen	2026-05-09
Fiscal year end	December
Founded	1945
In index	SP500
Industry	Utilities - Regulated Electric
Is primary listing	Yes
Is SPAC	No
ISIN number	US8425871071
Last 10-K release date	2026-02-19
Last earnings date	2026-07-30
Last refreshed	2026-10-28
Last stock split date	1994-03-01
Last stock split type	Forward
Market cap	$105.2B
Market cap category	Large-Cap
Next earnings date	2026-11-05
Options	Yes
Price	$91.47
Price currency	USD
Sector	Utilities
SIC code	4911
Stock price date	2026-10-28
Symbol	SO
U.S. state	Georgia
Website	https://www.southerncompany.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Adjusted P/E ratio	19.88x
Average P/E ratio (10Y)	25.31x
Average P/E ratio (3Y)	21.64x
Average P/E ratio (5Y)	23.07x
Earnings yield	4.54%
EV/Earnings	38.77x
EV/EBIT	22.2x
EV/EBITDA	12.67x
EV/Sales	5.98x
FCF / EV yield	-1.81%
FCF yield	-3.07%
Forward EV/Sales	5.72x
Forward P/E	19.76x
Forward P/S	3.38x
Graham number	56.69626
Graham upside	-38.75%
Industry forward P/E	16.38x
Industry P/E	17.29x
Lynch fair value	$33.88
Lynch upside	-63.39%
P/(OCF - SBC) ratio	10.14x
P/B ratio	2.69x
P/E ratio	22.02x
P/OCF ratio	10x
P/S ratio	3.53x
PEG ratio	2.41x
Price / tangible book value	3.12x
Price/EBITDA ratio	7.47x
Sector forward P/E	16.94x
Sector P/E	19.65x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	26.96%
EBITDA margin	47.24%
Effective tax rate	12.82%
Gross margin	48.29%
Operating margin	26.96%
Pretax margin	17.39%
Profit margin	15.43%
Profit per employee	$156,309
Profitable quarters	14
Profitable years	35
Revenue per employee	$1M
ROA	3.27%
ROA (5Y)	2.92%
ROCE	5.56%
ROE	11.48%
ROE (5Y)	10.23%
ROIC	4.47%
SBC / revenue	0.48%
Tax / revenue	2.23%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth	7.31%
EPS growth (Q)	30.38%
EPS growth (QoQ)	-14.17%
EPS growth 10Y	5.05%
EPS growth 3Y	13.8%
EPS growth 5Y	7.08%
EPS growth quarters	1
EPS growth years	0
Net income growth	8.76%
Net income growth (Q)	33.41%
Net income growth (QoQ)	-13.42%
Net income growth 3Y	14.72%
Net income growth 5Y	8.16%
Net income growth quarters	2
Net income growth years	0
OCF growth	15.52%
OCF growth (Q)	40.03%
OCF growth (QoQ)	149.1%
OCF growth 10Y	5.38%
OCF growth 3Y	23.73%
OCF growth 5Y	9.54%
Revenue growth	6.4%
Revenue growth (Q)	0.06%
Revenue growth (QoQ)	-16.91%
Revenue growth 10Y	5.65%
Revenue growth 3Y	2.96%
Revenue growth 5Y	6.68%
Revenue growth quarters	10
Revenue growth years	2

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	$-13.9B
Depreciation and amortization	$5.5B
EBIT	$8.1B
EBITDA	$14.3B
EPS	$4.15
FCF per share	$-2.84
Financing cash flow	$6.1B
Free cash flow	$-3.3B
Free cash flow minus SBC	$-3.4B
Gross profit	$14.6B
Income taxes	$673M
Investing cash flow	$-15B
Net borrowing	$5.8B
Net cash flow	$1.7B
Net income	$4.7B
Operating cash flow minus SBC	$10.5B
Operating income	$8.1B
Revenue	$30.2B
Stock-based compensation	$146M

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Book value per share	$34.40
Debt / EBITDA	5.26
Debt / equity	1.82
Goodwill	$5.2B
Interest coverage	2.52
Long-term assets	$149.6B
Long-term liabilities	$104B
Net cash (debt)	$-74.1B
Net cash / market cap	-69.59%
Net debt / EBITDA	5.2
Net debt / equity	1.75
Piotroski F-Score	5
Property, plant and equipment	$119.5B
Shareholders' equity	$42.3B
Tangible book value	$34.1B
Tangible book value per share	$29.66
Total assets	$162B
Total cash	$3B
Total debt	$77.1B
Total liabilities	$119.7B
WACC	4.96%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.19
Current assets	$12.4B
Current liabilities	$15.7B
Current ratio	0.79
Inventory turnover	4.89
Net working capital	$693M
Quick ratio	0.44
Working capital	$-3.4B
Working capital turnover	-8.47

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	-1.58%
Dividend growth	2.72%
Dividend growth (10Y)	3.11%
Dividend growth (3Y)	2.8%
Dividend growth (5Y)	2.88%
Dividend growth years	24
Dividend payment date	2026-12-07
Dividend payment years	56
Dividend payout frequency	Quarterly
Dividend per share	$3.04
Dividend yield	3.33%
Ex-dividend date	2026-11-16
Last dividend	$0.76
Payout ratio	73.19%
Shareholder yield	1.7%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
10Y price change	80.36%
10Y return CAGR	10.53%
10Y total return	172.08%
150-day SMA	$92.18
15Y price change	109.79%
15Y return CAGR	9.62%
15Y total return	296.7%
1D price change	-1.27%
1M price change	10.46%
1M total return	10.46%
1W price change	0.93%
1W total return	0.93%
1Y price change	-4.04%
1Y return CAGR	-0.87%
1Y total return	-0.87%
20-day SMA	$88.65
200-day SMA	$92.38
20Y price change	154.09%
20Y return CAGR	9.48%
20Y total return	512.27%
3M price change	-5.11%
3M total return	-4.33%
3Y price change	37.61%
3Y return CAGR	15.12%
3Y total return	52.59%
50-day SMA	$87.72
50-day SMA vs 200-day SMA	50under200
52-week high	$99.58
52-week high date	2026-03-17
52-week low	$81.69
52-week low date	2026-09-29
5Y price change	46.15%
5Y return CAGR	11.9%
5Y total return	75.46%
6M price change	-2.37%
6M total return	-0.75%
All-time high	$100.84
All-time high date	2025-10-16
All-time low	$3.94
All-time low date	1974-12-12
Average true range (ATR)	$1.51
Average volume	5.8M
Beta (1Y)	-0.26
Beta (2Y)	-0.07
Beta (5Y)	0.3
Change from 52-week high	-8.14%
Change from 52-week low	11.97%
Change from all-time high	-9.21%
Change from all-time low	2,224.78%
Change from open	-0.77%
Day's gap	-0.51%
Dollar volume	$382.7M
High price	$92.85
Low price	$91.30
Monthly RSI	53.04
Open price	$92.18
Position in 52-week range	10.97%
Premarket change	-0.05%
Premarket close	$92.65
Premarket price	$92.60
Premarket volume	682
Previous close	$92.65
Price vs 150-day SMA	-0.68%
Price vs 20-day SMA	3.28%
Price vs 200-day SMA	-0.9%
Price vs 50-day SMA	4.36%
Relative volume	0.72
RSI	60.37
Sharpe ratio	-0.18
Sharpe ratio (3Y)	0.69
Sharpe ratio (5Y)	0.46
Sortino ratio	0.06
Sortino ratio (3Y)	1.38
Sortino ratio (5Y)	0.98
Volume	4.2M
Weekly RSI	51.85
YTD price change	4.99%
YTD total return	7.57%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	1.1B
Float percentage	99.76%
Shares change (QoQ)	1.15%
Shares change (YoY)	1.58%
Shares held by insiders	0.12%
Shares held by institutions	73.93%
Shares outstanding	1.2B
Short % of float	2.56%
Short % of shares	2.55%
Short ratio	4.6 days

Deeper analysis on SO

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

→

Risks

Kill scenarios, soft-pass flags, and downside catalysts.

→

Earnings

Next earnings setup and beat / inline / miss thresholds.

→

Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

→

Financials

Revenue, margins, cash flow, and balance-sheet context.

→

Peers

Relative valuation and profitability against the cohort.

→

Moat

Economic-profit evidence and competitive advantage risk.

→

Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Scorecard

Quote this valuation with its source: Fair value, Potential value and the price at analysis.

Frequently asked questions

About this SO report

What is the latest published SO stock rating?

The Southern Company is shown with Reduce in the latest published report, analyzed 2026-09-25. The hub links directly to the full analysis surface where the dated rating, fair-value bridge, risks, and scorecard are documented together.

Where can I read the full SO analysis?

The full latest published report, analyzed 2026-09-25, lives at /stocks/SO/analysis. The bare ticker page summarizes that read and links to each analysis tab; earlier editions remain under /analysis/archive.

What fair value is used for SO?

The latest published report analyzed 2026-09-25 gives SO a fair value of USD 75 and a potential value of USD 102. These are dated research outputs, not live market prices; review the valuation assumptions, sensitivity analysis, and material risks before making a decision.

How often is the SO page updated?

The hub selects the latest published stock report regardless of age and displays its analysis date (2026-09-25). Separately sourced market data is labeled with its own recorded timestamp and is never inferred from the report.

ReduceSO · Fair value $74.5-10.1%

Read full analysis →

The Southern Company (SO)

Our latest published analysis: SO rated Reduce

Price

Financial snapshot

Fair-value bridge

Latest news · SO

Valuation

Profitability

Balance sheet

Trading

Base and Bull scenarios

Sensitivity: Ke × terminal growth

Scorecard

Next earnings

Sector percentile context

All SO indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on SO

Frequently asked questions

Lịch sử xếp hạng

Category	Score	Reading
Valuation	3.0
Management	7.5
Balance Sheet	1.5
Profitability	5.5
Revenue Growth	4.5
Risk Assessment	5.5
Competitive Moat	6.5
Earnings Quality	9.0
Capital Efficiency	3.5