Financials SSE plc

Equities

SSE

GB0007908733

Electric Utilities

Market Closed - London S.E. 11:35:05 2024-04-26 am EDT 5-day change 1st Jan Change
1,655 GBX +0.27% Intraday chart for SSE plc -0.33% -10.83%

Valuation

Fiscal Period: Maart 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 12,295 13,408 15,053 18,502 19,349 17,989 - -
Enterprise Value (EV) 1 21,680 23,874 23,952 27,100 28,244 27,469 29,262 31,856
P/E ratio 8.61 x -229 x 6.67 x 6.1 x -158 x 10.7 x 10.2 x 10.1 x
Yield 8.21% 6.13% 5.57% 4.9% 5.36% 3.63% 3.9% 4.17%
Capitalization / Revenue 0.41 x 1.97 x 2.21 x 2.15 x 1.55 x 1.58 x 1.56 x 1.6 x
EV / Revenue 0.72 x 3.51 x 3.51 x 3.15 x 2.26 x 2.42 x 2.54 x 2.84 x
EV / EBITDA 10.8 x 10.5 x 10.7 x 12 x 8.35 x 8.32 x 8.15 x 8.32 x
EV / FCF -436 x 267 x 28.8 x 157 x -87.7 x -181 x -74.7 x -27 x
FCF Yield -0.23% 0.37% 3.47% 0.64% -1.14% -0.55% -1.34% -3.7%
Price to Book 2.11 x 2.78 x 2.27 x 2.04 x 2.26 x 1.69 x 1.54 x 1.37 x
Nbr of stocks (in thousands) 1,035,782 1,027,415 1,034,601 1,058,168 1,073,181 1,086,945 - -
Reference price 2 11.87 13.05 14.55 17.48 18.03 16.55 16.55 16.55
Announcement Date 5/22/19 6/17/20 5/26/21 5/25/22 5/24/23 - - -
1GBP in Million2GBP
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: Maart 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 29,951 6,801 6,826 8,608 12,491 11,361 11,528 11,214
EBITDA 1 2,009 2,281 2,230 2,257 3,382 3,300 3,591 3,828
EBIT 1 1,227 1,488 1,506 1,537 2,529 2,430 2,640 2,795
Operating Margin 4.1% 21.89% 22.07% 17.85% 20.25% 21.39% 22.9% 24.93%
Earnings before Tax (EBT) 1 1,406 587.6 2,516 3,482 -205.6 2,089 2,255 2,323
Net income 1 1,409 -59 2,276 3,031 -123 1,663 1,768 1,803
Net margin 4.7% -0.87% 33.34% 35.22% -0.98% 14.64% 15.34% 16.08%
EPS 2 1.379 -0.0570 2.183 2.868 -0.1140 1.548 1.624 1.647
Free Cash Flow 1 -49.7 89.3 832.2 172.1 -322.1 -151.5 -391.5 -1,179
FCF margin -0.17% 1.31% 12.19% 2% -2.58% -1.33% -3.4% -10.51%
FCF Conversion (EBITDA) - 3.91% 37.32% 7.62% - - - -
FCF Conversion (Net income) - - 36.56% 5.68% - - - -
Dividend per Share 2 0.9750 0.8000 0.8100 0.8570 0.9670 0.6000 0.6449 0.6910
Announcement Date 5/22/19 6/17/20 5/26/21 5/25/22 5/24/23 - - -
1GBP in Million2GBP
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: Marzo 2020 S1 2020 S2 2021 S1 2021 S2 2022 S1 2022 S2 2023 S1 2024 S1
Net sales - 3,748 2,816 4,010 - 5,065 5,629 -
EBITDA - - - - - - - -
EBIT 1 469.2 - 418.3 1,088 376.8 - 716 693.2
Operating Margin - - 14.85% 27.14% - - 12.72% -
Earnings before Tax (EBT) - - 829.5 1,687 - - - -
Net income - - 699.5 1,577 - - -392.4 -
Net margin - - 24.84% 39.32% - - -6.97% -
EPS - - - - - - -0.3640 -
Dividend per Share 2 0.2400 - 0.2440 0.5660 0.2550 - 0.2900 0.2000
Announcement Date 11/13/19 6/17/20 11/18/20 5/26/21 11/17/21 5/25/22 11/16/22 11/15/23
1GBP in Million2GBP
Estimates

Balance Sheet Analysis

Fiscal Period: Marzo 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 9,386 10,466 8,899 8,598 8,894 9,480 11,273 13,867
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 4.673 x 4.588 x 3.991 x 3.809 x 2.63 x 2.872 x 3.139 x 3.623 x
Free Cash Flow 1 -49.7 89.3 832 172 -322 -152 -391 -1,179
ROE (net income / shareholders' equity) 25.5% 17.2% 15.7% 12.7% 21.5% 17.4% 16.7% 14.8%
ROA (Net income/ Total Assets) 5.8% 4.23% 4.27% 4.25% 6.77% 6.86% 6.85% 5.24%
Assets 1 24,279 -1,394 53,278 71,330 -1,816 24,252 25,804 34,383
Book Value Per Share 2 5.620 4.700 6.410 8.550 7.980 9.770 10.80 12.10
Cash Flow per Share 2 1.150 1.260 1.740 1.540 1.390 2.510 2.590 2.560
Capex 1 1,509 1,211 1,177 1,456 1,816 2,566 3,749 4,723
Capex / Sales 5.04% 17.81% 17.25% 16.91% 14.54% 22.58% 32.52% 42.12%
Announcement Date 5/22/19 6/17/20 5/26/21 5/25/22 5/24/23 - - -
1GBP in Million2GBP
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
16
Last Close Price
16.55 GBP
Average target price
20.63 GBP
Spread / Average Target
+24.66%
Consensus

Quarterly revenue - Rate of surprise