The Southern Company, America's second largest utility company is undervalued, according to Wolfteam Ltd.'s projections and estimates.
With 25.25 billion USD in revenue, declining at -13.75 % with net profit margin of 15.74 % for the calendar 2023, The Southern Company's intrinsic value is 163 billion USD compared with its current market capitalization of 85.31 billion USD.
Here is an excerpt from The Southern Company's first quarter 2024 earnings:
ATLANTA, May 2, 2024 /PRNewswire/ -- Southern Company today reported first-quarter earnings of $1.1 billion, or $1.03 per share, in 2024 compared with earnings of $862 million, or 79 cents per share, in the first quarter of 2023.
Excluding the items described under "Net Income – Excluding Items" in the table below, Southern Company earned $1.1 billion, or $1.03 per share, during the first quarter of 2024, compared with $867 million, or 79 cents per share, during the first quarter of 2023.
Non-GAAP Financial Measures | Three Months Ended March | |
Net Income – Excluding Items (in millions) | 2024 | 2023 |
Net Income – As Reported | $ 1,129 | $ 862 |
Less: | ||
Estimated Loss on Plants Under Construction | (4) | (2) |
Tax Impact | 1 | 1 |
Loss on Extinguishment of Debt | — | (5) |
Tax Impact | — | 1 |
Net Income – Excluding Items | $ 1,132 | $ 867 |
Average Shares Outstanding – (in millions) | 1,094 | 1,091 |
Basic Earnings Per Share - Excluding Items | $ 1.03 | $ 0.79 |
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