SSE (SSE)

Sector:

Electricity Generation and Distribution

Index:

FTSE 100

1,815.50p
   
  • Change Today:
    -26.00p
  • 52 Week High: 2,013.00
  • 52 Week Low: 1,463.50
  • Currency: UK Pounds
  • Shares Issued: 1,106.53m
  • Volume: 1,903,608
  • Market Cap: £20,089m
  • RiskGrade: 133

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 31-Mar-25 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21
Annualisation Factor 1.0 1.0 1.0 1.0 n/a
Dividend Yield 4.0% 3.6% 5.4% 4.9% 5.6%
           
Continuing Operations          
PE Ratio - Adjusted 9.9 10.3 10.9 18.4 16.6
PE Ratio - Diluted 14.7
10.1		 10.5
11.6		 n/a
n/a		 7.3
18.6		 6.8
19.2
PEG - Adjusted n/a n/a 0.1 2.3 3.3
PEG - Diluted n/a
0.9		 n/a
n/a		 n/a
n/a		 0.6
0.8		 0.0
0.3
Return on Capital Employed 8.30%
10.72%		 12.50%
12.36%		 n/a
n/a		 18.97%
6.88%		 0.16%
0.07%
Operating Margin 19.37%
23.09%		 24.94%
22.45%		 (1.65%)
(1.65%)		 41.85%
17.79%		 39.70%
16.57%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 9.9 10.3 10.9 18.4 1,647.4
PE Ratio - Diluted 14.7
10.1		 10.5
11.6		 n/a
n/a		 6.1
18.8		 660.3
1,832.6
PEG - Adjusted n/a n/a 0.1 0.0 n/a
PEG - Diluted n/a
0.9		 n/a
n/a		 n/a
n/a		 0.0
0.0		 n/a
n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 31-Mar-25 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21
Net Gearing 93.44% 86.46% 95.51% 99.23% 149.95%

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 31-Mar-25 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21
Price/Book Value 1.7 1.9 2.1 2.3 2.6
Price/Tangible Book Value 2.2 2.6 2.9 2.7 3.5
Price/ Cash Flow 7.1 4.7 13.0 11.3 8.3
Price/Revenue 1.73 1.72 1.55 2.12 219.79
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 957.27p 868.15p 848.17p 762.24p 561.03p
Net Cash per Share n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 31-Mar-25 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21
Continuing Operations          
Revenue 10,131.90 10,457.20 12,490.70 8,697.20 68.91
EBITDA 1,962.20
2,339.50		 2,608.20
2,348.10		 (205.60)
(205.60)		 4,186.00
2,093.30		 33.79
17.85
Depreciation n/a
n/a		 n/a
n/a		 n/a
n/a		 (546.30)
(546.30)		 (6.44)
(6.44)
Net Interest (111.30)
(111.30)		 (113.10)
(113.10)		 n/a
n/a		 (273.20)
(273.20)		 (2.39)
(2.39)
Profit Before Tax 1,850.90
2,423.80		 2,495.10
2,465.10		 (205.60)
(205.60)		 3,476.30
1,086.20		 25.40
9.46
           
Revenue per Share 921.75p 957.79p 1,161.28p 824.38p 6.62p
Pre-Tax Profit per Share 168.39p
220.51p		 228.53p
225.78p		 (19.11p)
(19.11p)		 329.51p
102.96p		 2.44p
0.91p
Market Capitalisation £ (Millions) 17,712.53 18,087.30 19,723.02 18,763.15 15,223.67
Enterprise Value (EV) £ (Millions) 27,716.13 25,895.10 27,548.92 24,417.95 23,436.67
EBITDA/EV 7.08%
8.44%		 10.07%
9.07%		 (0.75%)
(0.75%)		 17.14%
8.57%		 0.14%
0.08%
Operating Margin 19.37%
23.09%		 24.94%
22.45%		 (1.65%)
(1.65%)		 41.85%
17.79%		 39.70%
16.57%
Capital Employed £ (Millions) 23,647.30 20,861.40 20,224.60 19,768.30 16,818.00
Return on Capital Employed 8.30%
10.72%		 12.50%
12.36%		 n/a
n/a		 18.97%
6.88%		 0.16%
0.07%
Invested Equity Capital £ (Millions) 12,702.20 11,615.00 9,294.40 10,739.80 6,776.30
           
Earnings per Share - Basic 108.20p
158.24p		 156.70p
142.72p		 (14.70p)
(8.89p)		 241.20p
94.04p		 215.70p
75.83p
Earnings per Share - Diluted 108.10p
158.08p		 156.50p
142.52p		 (14.70p)
(8.87p)		 240.70p
93.86p		 215.40p
75.71p
Earnings per Share - Adjusted 160.90p 160.90p 166.00p 94.80p 87.50p
Earnings per Share Growth - Basic -31%
11%		 n/a
n/a		 n/a
n/a		 12%
24%		 431%
57%
Earnings per Share Growth - Diluted -31%
11%		 n/a
n/a		 n/a
n/a		 12%
24%		 430%
57%
Earnings per Share Growth - Adjusted n/a -3% 75% 8% 5%
PE Ratio - Diluted 14.7
10.1		 10.5
11.6		 n/a
n/a		 7.3
18.6		 6.8
19.2
PEG - Diluted n/a
0.9		 n/a
n/a		 n/a
n/a		 0.6
0.8		 0.0
0.3
Tax Rate 27.99% 24.48% 53.50% 26.18% 9.07%
Dividend Cover 2.51
2.46		 2.68
2.38		 1.72
(0.09)		 1.11
1.10		 1.08
0.94
Interest Cover 6.80
8.59		 8.84
8.74		 n/a
n/a		 10.24
3.89		 7.76
3.52
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 108.20p
158.24p		 156.70p
142.72p		 (11.40p)
(8.89p)		 286.90p
93.32p		 2.21p
0.80p
Earnings per Share - Diluted 108.10p
158.08p		 156.50p
142.52p		 (11.40p)
(8.87p)		 286.40p
93.14p		 2.20p
0.79p
Earnings per Share - Adjusted 160.90p 160.90p 166.00p 94.80p 0.88p
Earnings per Share Growth - Basic -31%
11%		 n/a
n/a		 n/a
n/a		 12,896%
11,635%		 n/a
-57%
Earnings per Share Growth - Diluted -31%
11%		 n/a
n/a		 n/a
n/a		 12,897%
11,631%		 n/a
-57%
Earnings per Share Growth - Adjusted n/a -3% 75% 10,633% -99%
PE Ratio - Diluted 14.7
10.1		 10.5
11.6		 n/a
n/a		 6.1
18.8		 660.3
1,832.6
PEG - Diluted n/a
0.9		 n/a
n/a		 n/a
n/a		 0.0
0.0		 n/a
n/a
Dividend Cover 2.51
2.46		 2.68
2.38		 1.72
(0.09)		 1.11
1.09		 0.01
0.01
Return on Equity (ROE) 9.36%
13.69%		 14.73%
13.42%		 (1.03%)
(1.03%)		 28.18%
9.17%		 0.34%
0.12%
Operating Cash Flow per Share 225.33p 353.55p 138.90p 154.30p 174.58p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share 4.97p 13.20p (14.64p) (52.22p) 1.39p
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 64.20p 60.00p 96.70p 85.70p 81.00p
Dividend per Share Growth 7.00% (37.95%) 12.84% 5.80% 1.25%
Dividend Yield 4.0% 3.6% 5.4% 4.9% 5.6%
Shareholders Funds 10,181.60 9,365.80 8,551.70 8,077.80 5,208.70
Net Borrowings £ (Millions) 9,513.90 8,097.80 8,168.10 8,015.40 7,810.40
Net Asset Value per Share (inc. Intangibles) 728.81p 644.92p 612.81p 658.77p 419.58p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 31-Mar-25 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21
Shareholders' Funds inc Intangibles 10,181.60 9,365.80 8,551.70 8,077.80 5,208.70
Net Borrowings £ (Millions) 9,513.90 8,097.80 8,168.10 8,015.40 7,810.40
Net Gearing 93.44% 86.46% 95.51% 99.23% 149.95%
Cash & Near Cash 1,090.50 1,035.90 891.80 1,049.30 1,600.20
Cash 10.71% 11.06% 10.43% 12.99% 30.72%
Gross Borrowings 10,604.40 9,133.70 9,059.90 9,064.70 9,410.60
Gross Gearing 104.15% 97.52% 105.94% 112.22% 180.67%
Borrowings Under 5 years 10,604.40 9,133.70 9,059.90 9,064.70 9,410.60
Under 5 years 104.15% 97.52% 105.94% 112.22% 180.67%
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - exc Intangibles 31-Mar-25 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21
Shareholders' Funds exc Intangibles 8,011.10 7,041.20 6,591.40 6,950.00 4,367.40
Net Borrowings £ (Millions) 9,513.90 8,097.80 8,168.10 8,015.40 7,810.40
Net Gearing 118.76% 115.01% 123.92% 115.33% 178.83%
Cash & Near Cash 1,090.50 1,035.90 891.80 1,049.30 1,600.20
Cash 13.61% 14.71% 13.53% 15.10% 36.64%
Gross Borrowings 10,604.40 9,133.70 9,059.90 9,064.70 9,410.60
Gross Gearing 132.37% 129.72% 137.45% 130.43% 215.47%
Borrowings Under 5 years 10,604.40 9,133.70 9,059.90 9,064.70 9,410.60
Under 5 years 132.37% 129.72% 137.45% 130.43% 215.47%
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Cover 31-Mar-25 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21
Quick Ratio 0.91 1.03 0.97 1.43 1.22
Current Ratio 1.01 1.10 1.04 1.49 1.29

Key

* GAAP

a. Includes discontinued activities

b. Based on operating cash flow before tax

c. Not disclosed under IFRS

d. Includes non-current assets

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: Normalised ratios are shown in blue text

Note 6: Forecast figures based on normalised accounts.

 

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