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$95.75 - $269.17$149.02
Multi-Stage$124.04 - $136.03$129.93
Blended Fair Value$139.47
Current Price$22.72
Upside513.87%
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 Rate5.97%5.97%5.97%
Growth Rate2.53%3.53%4.53%
Fair Value$95.75$149.02$269.17
Upside / Downside321.45%555.88%1,084.72%

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 Rate5.97%5.97%5.97%
Growth Rate2.53%3.53%4.53%
Year 1 PV (M)3,089.233,119.373,149.50
Year 2 PV (M)3,180.733,243.083,306.04
Year 3 PV (M)3,263.023,359.433,457.72
Year 4 PV (M)3,336.593,468.683,604.66
Year 5 PV (M)3,401.943,571.113,746.95
PV of Terminal Value (M)121,277.88127,308.94133,577.58
Equity Value (M)137,549.39144,070.61150,842.45
Shares Outstanding (M)1,108.881,108.881,108.88
Fair Value$124.04$129.93$136.03
Upside / Downside445.97%471.85%498.73%

High-Yield Dividend Screener

« Prev Page 134 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
600637.SSShanghai Oriental Pearl Group Co., Ltd.0.09%$0.016.37%
600651.SSShanghai Feilo Acoustics Co.,Ltd0.09%$0.0133.20%
600730.SSChina Hi-Tech Group Co., Ltd.0.09%$0.0168.94%
601698.SSChina Satellite Communications Co., Ltd.0.09%$0.0353.56%
605296.SSYunnan Shennong Agricultural Industry Group Co.,LTD.0.09%$0.032.03%
688171.SSGuangdong Weide Information Technology CO,.Ltd.0.09%$0.0431.47%
ARTA.JKPT Arthavest Tbk0.09%$3.0028.33%
ATRL.TOAtkinsRéalis Group Inc.0.09%$0.080.53%
BYG.LBig Yellow Group Plc0.09%$0.9144.98%
CEMEXCPO.MXCEMEX, S.A.B. de C.V.0.09%$0.0219.65%
CEPU.BACentral Puerto S.A.0.09%$2.511.34%
CSB.JOCashbuild Limited0.09%$12.5687.79%
FINAMEXO.MXCasa de Bolsa Finamex S.A.B. de C.V.0.09%$0.030.65%
GALD.SWGalderma Group N0.09%$0.159.37%
GND.JOGrindrod Limited0.09%$1.5241.06%
HINT.LHenderson International Income Trust plc0.09%$0.1577.68%
HSP.LHargreaves Services Plc0.09%$0.6073.58%
KITW.LKitwave Group plc0.09%$0.2150.10%
LHIS.TALachish Industries Ltd0.09%$1.1033.79%
LSL.LLSL Property Services plc0.09%$0.2319.43%
MEGP.LME Group International plc0.09%$0.1447.46%
MFX.LManx Financial Group PLC0.09%$0.0327.95%
MUT.LMurray Income Trust PLC0.09%$0.8571.09%
N91.LNinety One Group0.09%$0.2055.57%
NTC.JONetcare Limited0.09%$1.4556.45%
PLRM.TAPalram Industries (1990) Ltd0.09%$5.0460.65%
POLR.LPolar Capital Holdings plc0.09%$0.4554.79%
SNCM.TASuny Cellular Communication Ltd0.09%$0.1578.49%
THRL.LTarget Healthcare REIT PLC0.09%$0.0939.74%
TRIFOR.COTrifork Holding AG0.09%$0.0811.44%
WHL.JOWoolworths Holdings Limited0.09%$5.1794.82%
WYN.LWynnstay Group Plc0.09%$0.3579.23%
000633.SZXinjiang Hejin Holding Co.,Ltd0.08%$0.0114.32%
002012.SZZhejiang Kan Specialities Material Co., Ltd.0.08%$0.0149.97%
002710.KSTCC Steel Corp.0.08%$10.9716.70%
290650.KQL&C Bio Co., Ltd0.08%$49.901.44%
300148.SZTangel Culture Co., Ltd.0.08%$0.004.33%
300222.SZCSG Smart Science&Technology Co.,Ltd.0.08%$0.016.01%
300407.SZTianjin Keyvia Electric Co.,Ltd0.08%$0.013.03%
300553.SZHangzhou Jizhi Mechatronic Co., Ltd.0.08%$0.0310.13%
300809.SZHiecise Precision Equipment Co.,Ltd.0.08%$0.0316.34%
3081.TWOLandMark Optoelectronics Corporation0.08%$0.5018.79%
600313.SSZhongnongfa Seed Industry Group Co., Ltd.0.08%$0.0110.74%
600833.SSShanghai No.1 Pharmacy Co., Ltd.0.08%$0.015.08%
688002.SSRaytron Technology Co.,Ltd.0.08%$0.084.64%
688037.SSKINGSEMI Co., Ltd.0.08%$0.1227.30%
9930.HKHorizon Construction Development0.08%$0.000.14%
BLSR.TABlue Square Real Estate Ltd0.08%$31.9745.28%
BVT.JOThe Bidvest Group Limited0.08%$18.7551.27%
CBOX.LCake Box Holdings Plc0.08%$0.1772.27%