Company Valuation: SSE plc

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 15,053 18,502 19,349 17,926 17,524 28,932 - -
Change - 22.91% 4.58% -7.36% -2.24% 65.1% - -
Enterprise Value (EV) 1 23,952 27,100 28,244 27,362 27,711 41,377 41,260 44,586
Change - 13.14% 4.22% -3.12% 1.28% 49.32% 6.22% 8.06%
P/E ratio 6.67x 6.1x -158x 10.5x 14.7x 24.6x 13.1x 11.5x
PBR 2.27x 2.04x 2.26x 1.96x 1.72x 2.35x 1.81x 1.63x
PEG - 0.2x 2x -0x -0.5x -9.85x 0.6x 0.8x
Capitalization / Revenue 2.21x 2.15x 1.55x 1.71x 1.73x 3.07x 2.73x 2.5x
EV / Revenue 3.51x 3.15x 2.26x 2.62x 2.74x 4.06x 3.89x 3.86x
EV / EBITDA 10.7x 12x 8.35x 8.3x 8.27x 12.9x 10.5x 9.49x
EV / EBIT 15.9x 17.6x 11.2x 11.3x 11.5x 18.5x 14.3x 13x
EV / FCF 28.8x 157x -87.7x 27.3x -42.4x -41x -13x -12.7x
FCF Yield 3.47% 0.64% -1.14% 3.66% -2.36% -2.44% -7.69% -7.85%
Dividend per Share 2 0.81 0.857 0.967 0.6 0.642 0.687 0.7337 0.785
Rate of return 5.57% 4.9% 5.36% 3.64% 4.03% 2.65% 3.06% 3.27%
EPS 2 2.183 2.868 -0.114 1.565 1.081 1.054 1.828 2.087
Distribution rate 37.1% 29.9% -848% 38.3% 59.4% 65.2% 40.1% 37.6%
Net sales 1 6,826 8,608 12,491 10,457 10,132 10,186 10,599 11,560
EBITDA 1 2,230 2,257 3,382 3,296 3,349 3,208 3,947 4,699
EBIT 1 1,506 1,537 2,529 2,426 2,419 2,237 2,879 3,428
Net income 1 2,276 3,031 -123 1,710 1,189 1,209 2,256 2,613
Net Debt 1 8,899 8,598 8,894 9,436 10,187 10,095 12,328 15,654
Reference price 2 14.55 17.48 18.03 16.50 15.94 24.00 24.00 24.00
Nbr of stocks (in thousands) 1,034,601 1,058,168 1,073,181 1,086,438 1,099,384 1,205,492 - -
Announcement Date 5/26/21 5/25/22 5/24/23 5/22/24 5/21/25 5/28/26 - -
1GBP in Million2GBP
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
16.2x3.82x11.98x2.86% 38.7B
30.12x5.33x39.1x0.21% 251B
21.64x9.1x14.51x2.88% 179B
19.84x4.18x11.36x3.66% 153B
13.4x1.93x6.77x5.35% 112B
20.83x5.9x13.03x3.28% 104B
18.41x5.62x11.21x3.53% 96.84B
20.92x3.18x12.58x0.67% 91B
20.26x5.2x12.49x2.99% 70.27B
18.58x6.26x13.39x3.99% 58.84B
Average 20.02x 5.05x 14.64x 2.94% 115.46B
Weighted average by Cap. 21.62x 5.33x 17.86x 2.62%

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