Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

The Southern Company JR 2017B NT 77 (SOJC)

Company Dividend Discount ModelIndustry: Regulated ElectricSector: Utilities

Valuation Snapshot

Stable Growth$129.45 - $709.63$235.33
Multi-Stage$178.53 - $196.03$187.12
Blended Fair Value$211.22
Current Price$22.72
Upside829.67%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS2.82%4.70%2.662.742.622.502.422.322.192.071.901.77
YoY Growth---2.67%4.40%4.68%3.43%4.47%5.98%5.43%9.32%7.40%4.98%
Dividend Yield--12.37%11.19%10.74%9.89%9.15%9.42%8.75%8.54%7.56%7.04%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)4,459.00
(-) Cash Dividends Paid (M)2,988.00
(=) Cash Retained (M)1,471.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)891.80557.38334.43
Cash Retained (M)1,471.001,471.001,471.00
(-) Cash Required (M)-891.80-557.38-334.43
(=) Excess Retained (M)579.20913.631,136.58
(/) Shares Outstanding (M)1,108.881,108.881,108.88
(=) Excess Retained per Share0.520.821.02
LTM Dividend per Share2.692.692.69
(+) Excess Retained per Share0.520.821.02
(=) Adjusted Dividend3.223.523.72
WACC / Discount Rate5.07%5.07%5.07%
Growth Rate2.53%3.53%4.53%
Fair Value$129.45$235.33$709.63
Upside / Downside469.75%935.77%3,023.37%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)4,459.004,616.184,778.914,947.375,121.765,302.315,461.38
Payout Ratio67.01%71.61%76.21%80.80%85.40%90.00%92.50%
Projected Dividends (M)2,988.003,305.583,641.833,997.684,374.094,772.085,051.78

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate5.07%5.07%5.07%
Growth Rate2.53%3.53%4.53%
Year 1 PV (M)3,115.593,145.983,176.37
Year 2 PV (M)3,235.243,298.663,362.70
Year 3 PV (M)3,347.263,446.163,546.99
Year 4 PV (M)3,451.943,588.603,729.27
Year 5 PV (M)3,549.573,726.093,909.56
PV of Terminal Value (M)181,269.18190,283.55199,653.04
Equity Value (M)197,968.77207,489.04217,377.93
Shares Outstanding (M)1,108.881,108.881,108.88
Fair Value$178.53$187.12$196.03
Upside / Downside685.79%723.58%762.83%

High-Yield Dividend Screener

« Prev Page 128 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
STVG.LSTV Group plc0.20%$0.2285.00%
000993.SZFujian Mindong Electric Power Limited Company0.19%$0.024.94%
002392.SZBeijing Lier High-temperature Materials Co.,Ltd.0.19%$0.014.71%
0975.HKMongolian Mining Corporation0.19%$0.026.64%
300079.SZSumavision Technologies Co.,Ltd.0.19%$0.0153.51%
300353.SZKyland Technology Co., Ltd.0.19%$0.0458.28%
300576.SZShenzhen RongDa Photosensitive Science & Technology Co., Ltd.0.19%$0.0723.64%
300805.SZGuangdong Brandmax Marketing Co.,Ltd.0.19%$0.0220.44%
300913.SZZhejiang Zhaolong Interconnect Technology Co., Limited0.19%$0.1015.47%
600530.SSShanghai Jiaoda Onlly Co.,Ltd0.19%$0.0137.87%
600619.SSShanghai Highly (Group) Co., Ltd.0.19%$0.0492.50%
600825.SSShanghai Xinhua Media Co., Ltd.0.19%$0.0128.97%
601007.SSJinling Hotel Corporation, Ltd.0.19%$0.0118.36%
603869.SSENC Digital Technology Co., Ltd0.19%$0.0226.36%
603966.SSEurocrane (China) Co., Ltd.0.19%$0.023.95%
688305.SSKEDE Numerical Control Co., Ltd.0.19%$0.1212.52%
DOL.TODollarama Inc.0.19%$0.388.45%
GAZT.MEPublic Joint-Stock Company GAZ-Tek0.19%$3.3594.82%
LAHOTIOV.BOLahoti Overseas Limited0.19%$0.102.87%
PRIMEFRESH.BOPrime Fresh Ltd.0.19%$0.483.62%
QRS.WAQuercus TFI S.A.0.19%$0.022.03%
SUPERSHAKT.BOSupershakti Metaliks Limited0.19%$0.501.85%
VTAS.LVolta Finance Limited0.19%$1.1142.95%
WGX.AXWestgold Resources Limited0.19%$0.018.20%
000570.SZChangchai Company, Limited0.18%$0.0142.48%
000831.SZChina Minmetals Rare Earth Co., Ltd.0.18%$0.0880.93%
000888.SZEmei Shan Tourism Co.,Ltd0.18%$0.025.59%
001202.SZGuangdong Jushen Logistics Co., Ltd.0.18%$0.036.34%
002148.SZBeijing Bewinner Communications Co., Ltd.0.18%$0.0272.36%
002933.SZBeijing Emerging Eastern Aviation Equipment Co., Ltd.0.18%$0.0724.64%
058610.KQSPG Co., Ltd.0.18%$150.4527.80%
300069.SZJinlihua Electric Co., Ltd.0.18%$0.0315.98%
301209.SZLongkou Union Chemical Co., Ltd.0.18%$0.2037.48%
3450.TWElite Advanced Laser Corporation0.18%$0.509.12%
600230.SSCangzhou Dahua Co., Ltd.0.18%$0.0321.03%
600620.SSShanghai Tianchen Co.,Ltd0.18%$0.0112.62%
603200.SSShanghai Emperor of Cleaning Hi-Tech Co., Ltd0.18%$0.1320.05%
603268.SSGuangdong Songfa Ceramics Co.,Ltd.0.18%$0.1510.52%
603306.SSHMT (Xiamen) New Technical Materials Co., Ltd0.18%$0.1113.64%
603960.SSShanghai Kelai Mechatronics Engineering Co.,Ltd.0.18%$0.0421.20%
603988.SSSEC Electric Machinery Co., Ltd.0.18%$0.0423.72%
605133.SSJiangsu Rongtai Industry Co., Ltd.0.18%$0.069.33%
6067.TImpact HD Inc.0.18%$8.2552.45%
688268.SSGuangdong Huate Gas Co., Ltd0.18%$0.107.26%
CENTURYTEX.BOCentury Textiles and Industries Limited0.18%$4.9657.21%
CMH.JOCombined Motor Holdings Limited0.18%$6.3570.53%
FIGE3.SAInvestimentos Bemge S.A.0.18%$0.040.86%
FLOT.MEPAO Sovcomflot0.18%$0.1413.00%
JARR.JKPT Jhonlin Agro Raya Tbk0.18%$5.6515.65%
MAREL.ASMarel hf.0.18%$0.0154.66%