The Southern Company

The Southern Company

SOยทNYSE

$91.62

+1.2%
UtilitiesRegulated Electric

The Southern Company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity. It operates through Gas Distribution Operations, Gas Pipeline Investments, Wholesale Gas Services, and Gas Marketing Services segments. The company also develops, constructs, acquires, owns, and manages power generation assets, including renewable energy projects 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. In addition, it owns and/or operates 30 hydroelectric generating stations, 24 fossil fuel generating stations, three nuclear generating stations, 13 combined cycle/cogeneration stations, 45 solar facilities, 15 wind facilities, one fuel cell facility, and four battery storage facility; and constructs, operates, and maintains 76,289 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 8.7 million electric and gas utility customers. Further, the company offers digital wireless communications and fiber optics services. The Southern Company was incorporated in 1945 and is headquartered in Atlanta, Georgia.

At a Glance

Live Snapshot
Market Cap$103.28B
EPS3.9400
P/E Ratio23.25
Earnings Date07/30/2026
The Southern Company

The Southern Company Fair Value Envelope

SO ยท NYSE

Our analysis suggests that SO has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $91.62, this represents a potential HIDDEN relative to our calculated worth for The Southern Company.

Intrinsic Value
Current Price: $91.62

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$6.2B
+ Cash & Equivalents$1.6B
Firm Value$7.8B
- Debt$65.8B
Equity Value-$58.0B
/ Shares Outstanding1,099,729,962B
DCF Value-$53
OVERVALUED BY 158%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$4.9B
$2.5B
$1.2B
$612.6M
$306.3M
$153.2M
$76.6M
$38.3M
$19.1M
$9.6M
Maintenance CapEx
-$1.3B
-$669.6M
-$334.8M
-$167.4M
-$83.7M
-$41.9M
-$20.9M
-$10.5M
-$5.2M
-$2.6M
Owner Earnings
$3.6B
$1.8B
$890.5M
$445.2M
$222.6M
$111.3M
$55.7M
$27.8M
$13.9M
$7.0M
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$3.3B
$1.5B
$706.9M
$327.3M
$151.5M
$70.1M
$32.5M
$15.0M
$7.0M
$3.2M
Terminal Value represents 0.9% of Enterprise Value