SO Stock Analysis: Southern | NYSE

Utilities - Regulated Electric | NYSE, USA | Market Cap: 108.755m USD | 12M Return: 1.9% | US8425871071 | Charts, Fundamentals & Technical Analysis

Electricity, Natural Gas, Power Generation, Energy Storage
Total Rating 38
Safety 55
Buy Signal -0.85
Utilities - Regulated Electric
Industry Rotation: -14.4
Market Cap: 109B
Avg Turnover: 452M
Risk 3d forecast
Volatility17.2%
VaR 5th Pctl3.08%
VaR vs Median8.76%
Reward TTM
Sharpe Ratio-0.06
Rel. Str. IBD25.8
Rel. Str. Peer Group30.2
Character TTM
Beta-0.320
Beta Downside-0.314
Hurst Exponent0.372
Drawdowns 3y
Max DD14.99%
CAGR/Max DD0.97
CAGR/Mean DD3.45
EPS (Earnings per Share) EPS (Earnings per Share) of SO over the last years for every Quarter: "2021-06": 0.84, "2021-09": 1.23, "2021-12": 0.36, "2022-03": 0.97, "2022-06": 1.07, "2022-09": 1.31, "2022-12": 0.26, "2023-03": 0.79, "2023-06": 0.79, "2023-09": 1.42, "2023-12": 0.64, "2024-03": 1.03, "2024-06": 1.1, "2024-09": 1.43, "2024-12": 0.5, "2025-03": 1.23, "2025-06": 0.92, "2025-09": 1.6, "2025-12": 0.55, "2026-03": 1.32, "2026-06": 1.13,
EPS CAGR: 9.10%
EPS Trend: 85.1%
Last SUE: 1.78
Qual. Beats: 2
Revenue Revenue of SO over the last years for every Quarter: 2021-06: 5198, 2021-09: 6238, 2021-12: 5767, 2022-03: 6648, 2022-06: 7206, 2022-09: 8378, 2022-12: 7047, 2023-03: 6480, 2023-06: 5748, 2023-09: 6980, 2023-12: 6045, 2024-03: 6646, 2024-06: 6463, 2024-09: 7274, 2024-12: 6341, 2025-03: 7775, 2025-06: 6973, 2025-09: 7823, 2025-12: 6981, 2026-03: 8397, 2026-06: 6977,
Rev. CAGR: 7.16%
Rev. Trend: 95.8%
Last SUE: -0.90
Qual. Beats: -1

Warnings

Altman Z'' In Financial Distress Zone
Fakeout
Below Avwap Earnings

Tailwinds

No distinct edge detected

Seasonality 11.6 years of data

Jan +0.4% 5
Feb -2.2% 19
Mar +3.6% 21
Apr +0.5% 28
May -0.9% 28
Jun -0.2% 7
Jul +2.0% 34
Aug -1.5% 15
Sep +0.2% 11
Oct -0.2% 5
Nov -1.4% 15
Dec -0.8% 23

How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.

Description: SO Southern

The Southern Company is a holding company that, through its subsidiaries, generates, sells, and distributes electricity to retail and wholesale customers across the United States. Its operations span the full electricity value chain, including the development, construction, acquisition, ownership, and management of power generation assets, as well as battery energy storage projects and microgrids serving commercial, industrial, governmental, and utility customers. The company also distributes natural gas in Illinois, Georgia, Virginia, and Tennessee, provides energy and resilience solutions, and holds investments in telecommunications. Southern Company was incorporated in 1945 and is headquartered in Atlanta, Georgia.

As a member of the GICS Electric Utilities sub-industry, Southern Company operates under a regulated utility business model, in which state public service commissions set retail electricity rates and authorize capital investments in return for a regulated return on equity. The companys mix of regulated electric and gas distribution, combined with competitive wholesale generation and emerging areas such as battery storage and microgrids, reflects the broader utility sectors transition from traditional centralized generation toward diversified, low-carbon, and grid-resilience-oriented infrastructure.

Headlines to Watch Out For
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Piotroski VR-10 (Strict) 2.0
Net Income: 4.66b TTM > 0 and > 6% of Revenue
FCF/TA: 0.02 > 0.02 and ΔFCF/TA 2.64 > 1.0
NWC/Revenue: -11.12% < 20% (prev -13.29%; Δ 2.17% < -1%)
CFO/TA 0.06 > 3% & CFO 10.2b > Net Income 4.66b
Net Debt (75.6b) to EBITDA (14.2b): 5.33 < 3
Current Ratio: 0.79 > 1.5 & < 3
Outstanding Shares: last quarter (1.14b) vs 12m ago 3.26% < -2%
Gross Margin: 43.40% > 18% (prev 48.81%; Δ -5.42% > 0.5%)
Asset Turnover: 19.41% > 50% (prev 19.05%; Δ 0.36% > 0%)
Interest Coverage Ratio: 2.47 > 6 (EBIT TTM 8.14b / Interest Expense TTM 3.29b)
Altman Z'' 0.90
A: -0.02 (Total Current Assets 12.4b - Total Current Liabilities 15.7b) / Total Assets 162b
B: 0.10 (Retained Earnings 15.7b / Total Assets 162b)
C: 0.05 (EBIT TTM 8.14b / Avg Total Assets 155b)
D: 0.35 (Book Value of Equity 42.3b / Total Liabilities 120b)
Altman-Z'' = 0.90 = BB
Beneish M -2.97
DSRI: 0.85 (Receivables 3.95b/4.35b, Revenue 30.2b/28.4b)
GMI: 1.12 (GM 48.81% / 43.40%)
AQI: 1.03 (AQ_t 0.19 / AQ_t-1 0.19)
SGI: 1.06 (Revenue 30.2b / 28.4b)
TATA: -0.03 (NI 4.66b - CFO 10.2b) / TA 162b)
Beneish M = -2.97 (Cap -4..+1) = A
What is the price of SO shares?

As of August 07, 2026, the stock is trading at USD 93.10 with a total of 5,354,660 shares traded. Over the past week, the price has changed by -3.07%, over one month by -3.01%, over three months by -2.12% and over the past year by +1.86%.

Current recommended Stop Loss: 89.60 (which is 3.8% or 1.7 ATR below the current price).

Is SO a buy, sell or hold?

Southern has received a consensus analysts rating of 3.42. Therefore, it is recommended to hold SO.

  • StrongBuy: 6
  • Buy: 1
  • Hold: 15
  • Sell: 1
  • StrongSell: 1

What are the forecasts/targets for the SO price?
Analysts Target Price 100.8 8.3%
Southern (SO) - Fundamental Data Overview as of 01 August 2026
Market Cap USD = 109b (109b USD * 1.0 USD.USD)
P/E Trailing = 22.7807
P/E Forward = 20.6612
P/S = 3.6037
P/B = 2.7426
P/EG = 2.4004
Revenue TTM = 30.2b USD
EBIT TTM = 8.14b USD
EBITDA TTM = 14.2b USD
Long Term Debt = 68.8b USD (from longTermDebt, last quarter)
Short Term Debt = 7.03b USD (from shortTermDebt, last quarter)
Debt = 78.6b USD (from shortLongTermDebtTotal, last quarter) + Leases 1.50b
Net Debt = 75.6b USD (calculated: Debt 78.6b - CCE 2.98b)
Enterprise Value = 184b USD (109b + Debt 78.6b - CCE 2.98b)
Interest Coverage Ratio = 2.47 (Ebit TTM 8.14b / Interest Expense TTM 3.29b)
EV/FCF = 71.65x (Enterprise Value 184b / FCF TTM 2.57b)
FCF Yield = 1.40% (FCF TTM 2.57b / Enterprise Value 184b)
FCF Margin = 8.53% (FCF TTM 2.57b / Revenue TTM 30.2b)
Net Margin = 15.43% (Net Income TTM 4.66b / Revenue TTM 30.2b)
Gross Margin = 43.40% ((Revenue TTM 30.2b - Cost of Revenue TTM 17.1b) / Revenue TTM)
Gross Margin QoQ = 51.27% (prev 46.47%)
Tobins Q-Ratio = 1.14 (Enterprise Value 184b / Total Assets 162b)
Interest Expense / Debt = 4.19% (Interest Expense 3.29b / Debt 78.6b)
Taxrate = 13.03% (684.0m / 5.25b)
NOPAT = 7.08b (EBIT 8.14b * (1 - 13.03%))
Current Ratio = 0.79 (Total Current Assets 12.4b / Total Current Liabilities 15.7b)
Debt / Equity = 1.86 (Debt 78.6b / totalStockholderEquity, last quarter 42.3b)
Debt / EBITDA = 5.33 (Net Debt 75.6b / EBITDA 14.2b)
Debt / FCF = 29.39 (Net Debt 75.6b / FCF TTM 2.57b)
Total Stockholder Equity = 37.6b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.00% (Net Income 4.66b / Total Assets 162b)
RoE = 12.38% (Net Income TTM 4.66b / Total Stockholder Equity 37.6b)
RoCE = 7.66% (EBIT 8.14b / Capital Employed (Equity 37.6b + L.T.Debt 68.8b))
RoIC = 4.67% (NOPAT 7.08b / Invested Capital 152b)
WACC = 4.35% (E(109b)/V(187b) * Re(4.86%) + D(78.6b)/V(187b) * Rd(4.19%) * (1-Tc(0.13)))
Discount Rate = 4.86% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 79.80 | Cagr: 1.64%
[DCF] Terminal Value 75.44% ; FCFF base≈2.57b ; Y1≈2.58b ; Y5≈2.74b
 [DCF] Fair Price = N/A (negative equity: EV 42.6b - Net Debt 75.6b = -33.0b; debt exceeds intrinsic value)
 EPS Correlation: 85.13 | EPS CAGR: 9.10% | SUE: 1.78 | # QB: 2
Revenue Correlation: 95.81 | Revenue CAGR: 7.16% | SUE: -0.90 | # QB: -1
EPS current Quarter (2026-09-30): EPS=1.64 | Chg30d=-2.11% | Revisions=-25% | Analysts=13
EPS current Year (2026-12-31): EPS=4.58 | Chg30d=+0.26% | Revisions=+0% | GrowthEPS=+6.4% | GrowthRev=+5.4%
EPS next Year (2027-12-31): EPS=4.92 | Chg30d=+0.02% | Revisions=+0% | GrowthEPS=+7.5% | GrowthRev=+5.4%
[Analyst] Revisions Ratio: -17% (up=1, down=2)