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The Southern Company (SO) Stock Analysis

Score D

Value · Grade D · Bullish

Utilities · Utilities - Regulated Electric

$94.58

Fair Value

$85.88

-9.2%

Conviction

3/10

Quality

D

Classification

Value

Investment Thesis

Low quantitative score: Low quality, stretched valuation, or poor risk/reward.

For New Investors

Quantitative score: weak

For Current Holders

Quantitative score: low

Buy if

  • Price drops 15-20% (improves asymmetry)
  • Bull scenario catalysts materialize
  • Market-wide correction creates opportunity

Sell if

  • Bear scenario triggers occur
  • Quality metrics deteriorate (ROIC declining)
  • Better alternatives emerge

Valuation

Fair Value estimate: $85.88 (-9.2%). Approximately at fair value.

PEG-Based EPS

$68.62

FCF DCF Model

$109.62

EV/EBITDA

$64.91

Blended Fair Value

$85.88

Confidence

High

Methods

PEG-Based EPS, FCF 2-Stage DCF, EV/EBITDA

Quality Analysis

D

42/120 points

Low Quality

ROE (3Y Avg)

12.7%

ROIC-WACC Spread

-1.1%

D/E Ratio

1.8x

Current Ratio

0.7x

Interest Coverage

2x

FCF Positive Years

1/3

Quality Flags

  • ROIC spread: -1.2pp (got 0/25 pts)
  • FCF positive only 1/3 years (7/20 pts)
  • Leverage: D/E 1.8x (6/15 pts)
  • Interest coverage: 2.2x (6/10 pts)
  • Liquidity: Current Ratio 0.65 (3/10 pts)
  • Volatile gross margins: std dev 8.2pp (need <3.0pp)

Market Sentiment

Wall Street Consensus

$103.00

+8.9% Upside

19 analysts

Range: $76.00$112.00

Rating: Hold

Our model is more cautious than Wall Street.

Trend & Technical

Bullish

Price ($94.57) is 3.8% above SMA 200 ($91.10). Bullish trend confirmed.

Technical Score90/100

Tech Score 90/100 — MOMENTUM ALIGNMENT. Healthy uptrend confirmed by RSI and MACD. Technical tailwind.

Risk & Reward

Asymmetry Ratio

2.12:1

Expected Return

+7.1%

Bull Upside

+34.1%

Bear Downside

-16.1%

Good asymmetry: 2.12:1 ratio. Upside justifies risk.

Verdict: Favorable

Scenario Analysis

Bear

Base

Bull

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Frequently Asked Questions

What is the fair value of SO?

Based on our multi-method conviction analysis, the estimated fair value of The Southern Company (SO) is $85.88. This is calculated by blending PEG-Based EPS, FCF 2-Stage DCF, EV/EBITDA and applying a quality premium of 0% based on the company's fundamentals. The confidence level of this estimate is high.

Is SO a buy, sell, or hold?

SO currently has a AVOID rating with a conviction score of 3/10. Low quantitative score: Low quality, stretched valuation, or poor risk/reward. Quantitative score: weak.

Is SO a high-quality stock?

The Southern Company has a quality grade of D (42/120 points), rated as Low Quality. Key metrics include ROE of 12.7%, ROIC-WACC spread of -1.1%, and D/E ratio of 1.8x.

What type of stock is SO?

SO is classified as a "value" in our framework. High dividend: 3.1%, Mature growth: -0.6%, High debt: D/E 1.8x, Large cap: $106.6B, Dividend paying: 3.1%

What do Wall Street analysts say about SO?

19 Wall Street analysts have a consensus price target of $103.00 for SO, representing +8.9% upside. Targets range from $76.00 to $112.00. The consensus recommendation is "Hold". Our model is more cautious than Wall Street.

What are the risks of investing in SO?

The risk/reward asymmetry ratio for SO is 2.12:1, rated as Favorable. Good asymmetry: 2.12:1 ratio. Upside justifies risk. The expected return is +7.1%, with bull case upside of +34.1% and bear case downside of -16.1%.

What is the current trend for SO?

SO is in a bullish trend. Price ($94.57) is 3.8% above SMA 200 ($91.10). Bullish trend confirmed. The technical score is 90/100.

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Last updated: May 19, 2026 · Framework version 3.7

This analysis is for informational purposes only and should not be considered financial advice. Always do your own research before making investment decisions.