SSE (SSE)

Sector:

Electricity Generation and Distribution

Index:

FTSE 100

1,689.00p
   
  • Change Today:
    -10.00p
  • 52 Week High: 2,013.00
  • 52 Week Low: 1,547.00
  • Currency: UK Pounds
  • Shares Issued: 1,103.48m
  • Volume: 132,751
  • Market Cap: £18,638m
  • RiskGrade: 133
  • Beta: 0.97

Dividend Data

  31-Mar-2431-Mar-2331-Mar-2231-Mar-2131-Mar-20
Interim Dividend20.00p29.00p25.50p24.40p24.00p
Final Dividend40.00p67.70p60.20p56.60p56.00p
Total Dividend60.00p96.70p85.70p81.00p80.00p
For more dividend details, click here

Fundamentals - based on IFRS

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Income Statement 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20
Continuing Operations          
Revenue 10,457.20 12,490.70 8,697.20 6,826.40 6,800.60
Operating Profit/(Loss) 2,494.10 (808.60) 3,639.70 2,611.50 809.50
Net Interest (113.10) (59.30) (273.20) (227.10) (375.80)
Profit Before Tax 2,495.10 (205.60) 3,476.30 2,516.40 587.60
Profit After Tax 1,884.40 (95.60) 2,595.00 2,292.10 466.10
Discontinued Operations          
Profit After Tax n/a 35.00 482.70 30.70 (478.60)
PROFIT FOR THE PERIOD 1,884.40 (60.60) 3,077.70 2,322.80 (12.50)
Attributable to:          
Equity Holders of Parent Company 1,710.50 (123.00) 3,027.00 2,276.20 (59.00)
Minority Interests 173.90 62.40 50.70 46.60 46.50
           
Continuing EPS          
Earnings per Share - Basic 156.70p (14.70p) 241.20p 215.70p 40.60p
Earnings per Share - Diluted 156.50p (14.70p) 240.70p 215.40p 40.60p
Earnings per Share - Adjusted 158.50p 166.00p 94.80p 87.50p 83.60p
Continuing and Discontinued EPS          
Earnings per Share - Basic 156.70p (11.40p) 286.90p 218.70p (5.70p)
Earnings per Share - Diluted 156.50p (11.40p) 286.40p 218.30p (5.70p)
Earnings per Share - Adjusted 158.50p 166.00p 94.80p 87.50p 83.60p
           
Dividend per Share 60.00p 96.70p 85.70p 81.00p 80.00p
  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Balance Sheet 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20
Assets          
Non-Current Assets          
Property, Plant & Equipment 16,611.50 15,395.90 14,612.80 13,254.30 12,814.70
Intangible Assets 2,324.60 1,960.30 1,127.80 841.30 1,101.40
Investment Properties n/a n/a n/a n/a n/a
Investments 1,966.40 1,964.40 1,985.10 2,201.40 2,697.10
Other Financial Assets 64.20 246.00 371.70 114.70 308.20
Other Non-Current Assets 591.70 1,806.00 721.30 659.00 634.20
  22,911.30 21,411.30 18,818.70 17,070.70 17,555.60
Current Assets          
Inventories 343.00 394.90 266.60 234.90 174.00
Trade & Other Receivables 2,654.10 3,245.10 2,211.00 1,488.20 1,761.20
Cash at Bank & in Hand 1,035.90 891.80 1,049.30 1,600.20 164.60
Current Asset Investments n/a n/a n/a n/a n/a
Other Current Assets 1,325.90 1,234.00 3,409.90 1,197.60 1,376.30
  5,358.90 5,765.80 6,936.80 4,520.90 3,476.10
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 28,270.20 27,177.10 25,755.50 21,591.60 21,031.70
           
Liabilities          
Current Liabilities          
Borrowings 1,128.00 1,820.60 1,190.80 937.60 1,966.90
Other Current Liabilities 3,732.80 3,722.50 3,467.40 2,571.60 3,241.30
  4,860.80 5,543.10 4,658.20 3,509.20 5,208.20
           
Net Current Assets cn/a cn/a cn/a cn/a cn/a
           
Non-Current Liabilities          
Borrowings 8,005.70 7,239.30 7,873.90 8,473.00 8,205.50
Provisions 2,249.20 2,041.80 2,662.00 1,567.60 1,245.90
Other Non-Current Liabilities 1,351.40 1,269.70 1,392.00 1,360.70 1,452.00
  11,606.30 10,550.80 11,927.90 11,401.30 10,903.40
           
Other Liabilities n/a n/a n/a n/a n/a
Total Liabilities 16,467.10 16,093.90 16,586.10 14,910.50 16,111.60
           
Net Assets 11,803.10 11,083.20 9,169.40 6,681.10 4,920.10
           
Capital & Reserves          
Share Capital 548.10 547.00 536.50 524.50 523.10
Share Premium Account 820.10 821.20 835.10 847.10 875.60
Other Reserves 457.60 525.90 133.30 (84.00) (55.50)
Retained Earnings 7,345.00 6,657.60 6,572.90 3,921.10 2,407.20
Shareholders Funds 9,170.80 8,551.70 8,077.80 5,208.70 3,750.40
           
Minority Interests/Other Equity 2,632.30 2,531.50 1,091.60 1,472.40 1,169.70
Total Equity 11,803.10 11,083.20 9,169.40 6,681.10 4,920.10
Cash Flow 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20
Net Cash Flow From Operating Activities 3,860.00 1,494.00 1,627.90 1,817.20 1,300.20
Returns On Investment & Servicing of Finance fn/a fn/a fn/a fn/a fn/a
Taxation Paid fn/a fn/a fn/a fn/a fn/a
Net Cash Flow from Investing Activities (2,858.30) (2,964.40) (744.90) 443.70 (1,012.20)
Acquisitions & Disposals gn/a gn/a gn/a gn/a gn/a
Dividends Paid fn/a fn/a fn/a fn/a fn/a
Management of Liquid Resources cn/a cn/a cn/a cn/a cn/a
Net Cash Flow from Financing Activities (857.60) 1,312.90 (1,433.90) (825.30) (650.20)
Net Increase/Decrease In Cash 144.10 (157.50) (550.90) 1,435.60 (362.20)
Ratios - based on IFRS 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20
Continuing Operations          
PE Ratio - Adjusted 10.4 10.9 18.4 16.6 15.6
PEG - Adjusted n/a 0.1 2.3 3.3 0.4
Earnings per Share Growth - Adjusted -4% 75% 8% 5% 35%
Dividend Cover 2.64 1.72 1.11 1.08 1.04
Revenue per Share 957.79p 1,161.28p 824.38p 6.62p 658.65p
Pre-Tax Profit per Share 228.53p (19.11p) 329.51p 2.44p 56.91p
Operating Margin 23.85% (6.47%) 41.85% 38.26% 11.90%
Return on Capital Employed 12.50% n/a 18.97% 0.16% 6.32%
Continuing & Discontinued Operations          
PE Ratio - Adjusted 10.4 10.9 18.4 1,647.4 15.6
PEG - Adjusted n/a 0.1 0.0 n/a 0.4
Earnings per Share Growth - Adjusted -4% 75% 10,633% -99% 35%
Dividend Cover 2.64 1.72 1.11 0.01 1.04
           
Dividend Yield 3.6% 5.4% 4.9% 5.6% 6.1%
Dividend per Share Growth (37.95%) 12.84% 5.80% 1.25% (17.95%)
Operating Cash Flow per Share 353.55p 138.90p 154.30p 174.58p 125.93p
Cash Incr/Decr per Share 13.20p (14.64p) (52.22p) 1.39p (35.08p)
Net Asset Value per Share (exc. Intangibles) 868.15p 848.17p 762.24p 561.03p 369.85p
Net Gearing 88.30% 95.51% 99.23% 149.95% 266.85%

Key

* GAAP

a. Includes discontinued activities

b. Including assets due in more than one year

c. Not disclosed under IFRS

d. Total fixed assets

e. Includes borrowings

f. Included in cash flow from operating activities under IFRS

g. Included in net cash from investing activities under IFRS

h. Pre-tax

i. Capital expenditure

j. Based on operating cash flow before tax

k. Issue of ordinary shares

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: Forecast figures based on normalised accounts.

 

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