SSE Management
Management criteria checks 3/4
SSE's CEO is Martin Pibworth, appointed in Jul 2025, has a tenure of 8.83 years. total yearly compensation is £3.80M, comprised of 24% salary and 76% bonuses, including company stock and options. directly owns 0.021% of the company’s shares, worth £6.26M. The average tenure of the management team and the board of directors is 5.1 years and 4.8 years respectively.
Key information
Martin Pibworth
Chief executive officer
UK£3.8m
Total compensation
| CEO salary percentage | 23.98% |
| CEO tenure | 1yr |
| CEO ownership | 0.02% |
| Management average tenure | 5.1yrs |
| Board average tenure | 4.8yrs |
Recent management updates
Recent updates
Narrative Update • Jun 23
SSE: Execution On Capital Programme Will Support Higher Future P/E Profile
SSE's updated analyst price target has been trimmed in line with recent cuts from major banks, with the model moving slightly lower to reflect a revised fair value of £27.50. This corresponds to a modestly lower implied P/E of about 16.4x and analyst views that support steady revenue growth and profit margin assumptions.Narrative Update • Jun 06
SSE: Higher Future P/E Multiple Will Support Bullish Long Term Outlook
Analysts have nudged their fair value estimate for SSE to £27.66 per share, reflecting updated expectations around more moderate revenue growth, firmer profit margins, and a higher assumed future P/E multiple that align with recent price target increases from several banks. Analyst Commentary Recent Street research on SSE has been mixed, with some banks lifting price targets while others are turning more cautious.Narrative Update • May 14
SSE: Higher Discount Rate Will Still Support Bullish Long Term Outlook
Analysts have nudged their average price target on SSE higher, with a modest uplift supported by updated assumptions on fair value, discount rate and future P/E, alongside recent price target moves to £28.50 from Deutsche Bank and a £3.45 increase from JPMorgan. Analyst Commentary Bullish Takeaways Bullish analysts highlight the lift in the average price target, with moves such as the increase to £28.50 and the £3.45 rise at JPMorgan, as support for a higher fair value framework on the stock.Narrative Update • Apr 23
SSE: Fair Value View Balances Mixed Rating Shifts And Execution Risks
The updated analyst price target for SSE has moved higher to reflect a fair value of about £27.34 per share, up from roughly £26.98, with analysts pointing to slightly stronger assumptions for revenue growth, profit margins and a modestly lower future P/E multiple to support the change. Analyst Commentary Recent Street research on SSE reflects a mix of optimism and caution, with several firms updating price targets and at least one high profile downgrade.
New Narrative • Apr 11
Future Prosperity Awaits with SSE's Impressive 11% Revenue Growth
SSE plc — Investment Memo Investment Thesis SSE is a core UK infrastructure compounder positioned to benefit from the energy transition. It combines: Regulated electricity networks → stable, inflation-linked returns Renewables pipeline → long-term growth Dividend yield → immediate income Hybrid profile: defensive base + structural growth Business Model 1.Narrative Update • Apr 07
SSE: Offshore Wind Contract Wins And Mixed Market Sentiment Will Shape Returns
Analysts have lifted the SSE fair value estimate from £25.82 to £26.98, reflecting refreshed price targets from several banks and updated assumptions for revenue growth, profit margins and future P/E levels. Analyst Commentary Recent research on SSE has been active, with several banks updating price targets and ratings over the past few months.Narrative Update • Mar 23
SSE: Offshore Wind Contracts And Higher Market Confidence Will Shape Future Returns
SSE's updated fair value moves to £25.82 from £25.22. This reflects a round of higher analyst price targets up to around £28.50 that are supported by refreshed assumptions on revenue growth, profit margins and a slightly higher future P/E multiple.Narrative Update • Mar 08
SSE: Offshore Wind Contracts Will Shape Future Returns At Fairly Priced Shares
Narrative Update on SSE The updated analyst price target for SSE has increased to £26.00, with analysts noting recent target revisions from several firms as supporting this updated view. Analyst Commentary Recent research commentary on SSE has centred on higher price targets, with several bullish analysts revisiting their assumptions on valuation and execution.Narrative Update • Feb 21
SSE: Future Earnings Visibility Will Hinge On Offshore Wind Contract Execution
Analysts have nudged their price targets on SSE higher to £26.00, supported by updated models that reflect slightly stronger revenue growth, a marginally firmer profit margin, and a small adjustment to future P/E assumptions. Analyst Commentary Recent Street research points to a cluster of higher price targets for SSE around the £26.00 level, with several analysts fine tuning their models rather than making wholesale changes.Narrative Update • Feb 07
SSE: Future Earnings Visibility And Grid Investment Plans May Support Funding
The updated analyst price target for SSE edges higher as fair value nudges to £25.26, supported by a series of recent target increases from major banks citing reassessments of discount rates, profit margins and future P/E assumptions. Analyst Commentary Recent Street research on SSE clusters around higher price targets, with several major banks adjusting their fair value assumptions and reaffirming positive stances.Narrative Update • Jan 24
SSE: Higher Earnings Visibility May Support Future Grid Funding Needs
Analysts have nudged their fair value estimate for SSE higher to £25.16 from £24.50. This reflects recent price target increases from several banks that highlight expectations for steadier profit margins and a slightly richer forward P/E multiple.Analysis Article • Jan 16
SSE plc's (LON:SSE) Intrinsic Value Is Potentially 19% Below Its Share Price
Key Insights Using the Dividend Discount Model, SSE fair value estimate is UK£18.69 SSE is estimated to be 24...Narrative Update • Jan 08
SSE: Higher Price Views Will Support Future Grid Funding Plans
The analyst price target for SSE has edged higher, with several firms lifting their targets to around £23.50 to £26.00 as analysts highlight their broader positive view on the shares. Analyst Commentary Recent research points to a cluster of higher price targets for SSE, with several bullish analysts moving their numbers into the £23.50 to £26.00 range.Narrative Update • Dec 24
SSE: Rising Price Views Will Support Equity Funding For Grid Investment Plans
The analyst price target for SSE has increased modestly, rising from 2,000 GBp to a range of 2,350 to 2,600 GBp, as analysts cite an improved profit margin outlook and sustained long term earnings visibility. Analyst Commentary Recent research updates reflect a broadly constructive stance on SSE, with bullish analysts lifting price targets into a 2,350 to 2,600 GBp range while maintaining positive recommendations on the shares.Narrative Update • Dec 09
SSE: Rising Price Views Will Support Large-Scale Equity-Funded Project Pipeline
The analyst price target for SSE has been raised modestly from £23.90 to £24.24 per share, reflecting analysts’ increased confidence in the company’s revenue growth trajectory, despite slightly lower margin assumptions and a marginally higher forward earnings multiple. Analyst Commentary Recent research updates show a cluster of upward price target revisions for SSE, underpinned by confidence in its long term earnings growth and capital deployment strategy.Narrative Update • Nov 25
SSE: Major Equity Funding Rounds Will Drive Stronger Near-Term Revenue Expansion
Analysts have increased their average price target for SSE by approximately £1.50 per share. This reflects heightened expectations for future revenue growth and an improved overall company outlook.Analysis Article • Nov 13
Investors Appear Satisfied With SSE plc's (LON:SSE) Prospects As Shares Rocket 27%
The SSE plc ( LON:SSE ) share price has done very well over the last month, posting an excellent gain of 27%. Looking...Narrative Update • Nov 05
SSE: Stronger Profit Margins Will Drive Continued Positive Momentum
Analysts have increased their price target for SSE from £23.00 to £24.25, citing improved profit margin projections and a sustained growth outlook as key drivers behind the upward revision. Analyst Commentary Bullish Takeaways Bullish analysts point to the recent upward revision in SSE's price target, attributing it to positive developments in profit margins and improved operational execution.Narrative Update • Oct 22
Analysts Raise SSE Price Target Amid Growth Optimism and Cautious Valuation Adjustments
Analysts have increased their price target for SSE from £23.00 to £24.25, citing improved outlook and sustained confidence in the company's growth prospects. Analyst Commentary Recent equity research reports have outlined both positive and cautious perspectives regarding SSE's future performance.Narrative Update • Oct 08
Investments In Renewables Will Drive Future Profitability Amid Global Decarbonization Trends
Narrative Update on SSE Price Target SSE's analyst price target has been raised, climbing by £125 to reflect strengthened profit margins and increased confidence in the company's future earnings potential, according to recent analyst assessments. Analyst Commentary Analysts have recently adjusted their outlook on SSE, raising price targets and maintaining confidence in the company's performance.Analysis Article • Oct 07
Calculating The Fair Value Of SSE plc (LON:SSE)
Key Insights The projected fair value for SSE is UK£18.55 based on Dividend Discount Model Current share price of...Analysis Article • Aug 20
SSE's (LON:SSE) Returns On Capital Are Heading Higher
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...Analysis Article • Aug 05
SSE plc (LON:SSE) Could Be Riskier Than It Looks
LSE:SSE 1 Year Share Price vs Fair Value Explore SSE's Fair Values from the Community and select yours It's not a...Analysis Article • Jul 18
SSE's (LON:SSE) Dividend Will Be Increased To £0.43
SSE plc ( LON:SSE ) will increase its dividend from last year's comparable payment on the 18th of September to £0.43...
New Narrative • Nov 24
Driving Sustainable Growth With Decisive Investments And Clean Energy Transformation
Strategic investments in renewables and networks are driving predictable profitability and improved future net margins.CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2026 | UK£4m | UK£912k | UK£1b |
| Dec 31 2025 | n/a | n/a | UK£1b |
| Sep 30 2025 | n/a | n/a | UK£959m |
| Jun 30 2025 | n/a | n/a | UK£1b |
| Mar 31 2025 | UK£3m | UK£750k | UK£1b |
| Dec 31 2024 | n/a | n/a | UK£2b |
| Sep 30 2024 | n/a | n/a | UK£2b |
| Jun 30 2024 | n/a | n/a | UK£2b |
| Mar 31 2024 | UK£2m | UK£688k | UK£2b |
| Dec 31 2023 | n/a | n/a | UK£1b |
| Sep 30 2023 | n/a | n/a | UK£678m |
| Jun 30 2023 | n/a | n/a | UK£260m |
| Mar 31 2023 | UK£3m | UK£655k | -UK£158m |
| Dec 31 2022 | n/a | n/a | UK£433m |
| Sep 30 2022 | n/a | n/a | UK£1b |
| Jun 30 2022 | n/a | n/a | UK£2b |
| Mar 31 2022 | UK£3m | UK£636k | UK£3b |
| Dec 31 2021 | n/a | n/a | UK£3b |
| Sep 30 2021 | n/a | n/a | UK£3b |
| Jun 30 2021 | n/a | n/a | UK£2b |
| Mar 31 2021 | UK£2m | UK£571k | UK£2b |
| Dec 31 2020 | n/a | n/a | UK£2b |
| Sep 30 2020 | n/a | n/a | UK£1b |
| Jun 30 2020 | n/a | n/a | UK£714m |
| Mar 31 2020 | UK£1m | UK£515k | UK£420m |
Compensation vs Market: Martin's total compensation ($USD5.08M) is below average for companies of similar size in the UK market ($USD7.45M).
Compensation vs Earnings: Martin's compensation has increased by more than 20% in the past year.
CEO
Martin Pibworth (53 yo)
1yr
Tenure
UK£3,803,000
Compensation
Mr. Martin Pibworth is Chief Executive Officer of SSE plc from July 17, 2025. He has been Executive Director of SSE plc since September 1, 2017 and was its Chief Commercial Officer since November 1, 2020....
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Executive & Executive Director | 1yr | UK£3.80m | 0.021% £ 6.3m | |
| CFO & Executive Director | 2.6yrs | UK£1.79m | 0.0049% £ 1.5m | |
| General Counsel & Company Secretary | 7.3yrs | no data | no data | |
| Director of Human Resources | 17yrs | no data | no data | |
| Managing Director of SSEN Transmission | 7.5yrs | no data | no data | |
| Managing Director of Corporate Affairs | no data | no data | no data | |
| Managing Director of SSE Thermal | 2.2yrs | no data | no data | |
| Managing Director of SSEN Distribution | 5.7yrs | no data | no data | |
| Managing Director of SSE Renewables | 4.5yrs | no data | no data | |
| Managing Director of Energy Customer Solutions | 6.8yrs | no data | no data | |
| Managing Director of SSE Energy Markets | no data | no data | no data | |
| Chief Sustainability Officer | less than a year | no data | no data |
5.1yrs
Average Tenure
53yo
Average Age
Experienced Management: SSE's management team is seasoned and experienced (5.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Executive & Executive Director | 8.8yrs | UK£3.80m | 0.021% £ 6.3m | |
| CFO & Executive Director | 2.6yrs | UK£1.79m | 0.0049% £ 1.5m | |
| Independent Non-Executive Director | 4.1yrs | UK£110.00k | 0.00021% £ 63.5k | |
| Senior Independent Director | 1.5yrs | UK£103.00k | 0.00019% £ 57.4k | |
| Independent Non-Executive Director | 8.2yrs | UK£105.00k | 0.00041% £ 124.0k | |
| Chairman of the Board | 5.8yrs | UK£466.00k | 0.00026% £ 78.6k | |
| Independent Non-Executive Director | 4.8yrs | UK£85.00k | 0.00018% £ 54.4k | |
| Independent Non-Executive Director | 6.2yrs | UK£99.00k | 0.00019% £ 57.4k | |
| Independent non-Executive Director | 2.8yrs | UK£85.00k | 0.00036% £ 108.9k | |
| Independent Non-Executive Director | 7.5yrs | UK£110.00k | 0.00020% £ 60.5k | |
| Independent Non-Executive Director | 4.8yrs | UK£105.00k | 0.00017% £ 51.4k |
4.8yrs
Average Tenure
66yo
Average Age
Experienced Board: SSE's board of directors are considered experienced (4.8 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/06 03:35 |
| End of Day Share Price | 2026/07/03 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2026/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
SSE plc is covered by 23 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Dominic Nash | Barclays |
| Andrew Fisher | Berenberg |
| Deepa Venkateswaran | Bernstein |