Buy Or Sell Opportunity • Jun 26
Now 20% overvalued Over the last 90 days, the stock has fallen 2.8% to €28.00. The fair value is estimated to be €23.25, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 6.5% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 10% per annum. Earnings are also forecast to grow by 17% per annum over the same time period. Tillkännagivande • Jun 12
SSE plc, Annual General Meeting, Jul 16, 2026 SSE plc, Annual General Meeting, Jul 16, 2026. Location: the perth concert hall, mill street, ph1 5hz, perth United Kingdom Declared Dividend • May 31
Final dividend of UK£0.47 announced Shareholders will receive a dividend of UK£0.47. Ex-date: 23rd July 2026 Payment date: 17th September 2026 Dividend yield will be 2.6%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (61% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 54% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 29
Full year 2026 earnings released: EPS: UK£1.06 (vs UK£1.08 in FY 2025) Full year 2026 results: EPS: UK£1.06. Revenue: UK£10.2b (flat on FY 2025). Net income: UK£1.21b (up 1.6% from FY 2025). Profit margin: 12% (in line with FY 2025). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Electric Utilities industry in Europe. Buy Or Sell Opportunity • May 22
Now 22% overvalued Over the last 90 days, the stock has fallen 4.1% to €28.00. The fair value is estimated to be €22.94, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 5.9% over the last 3 years. Earnings per share has grown by 30%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 18% per annum over the same time period. Tillkännagivande • Nov 13
SSE plc has completed a Follow-on Equity Offering in the amount of £6.956511 million. SSE plc has completed a Follow-on Equity Offering in the amount of £6.956511 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 339,342
Price\Range: £20.5
Transaction Features: Regulation S Tillkännagivande • Aug 29
SSE plc Approves Final Dividend for the Year Ended March 31, 2025, Payable on September 18, 2025 SSE plc announced on 27 August 2025 that a total of 23,080 shareholders have elected to receive the final dividend for the year ended 31 March 2025 of 43 pence per ordinary share in respect of 58,951,063 ordinary shares in the form of Scrip dividend. This will result in a reduction in final dividend cash funding of £25,348,957. The overall Scrip dividend take-up for the financial year ended 31 March 2025 was 9.7%, which is under the cap of 25%; as a result, no buy-back to limit scrip dilution will be implemented. A total of 1,369,268 new ordinary shares, fully paid, will be issued on 18 September 2025, representing an increase of 0.12% on the issued share capital (excluding treasury shares) on the dividend record date of 25 July 2025. The relevant Scrip Reference Share Price was 1,849 pence per ordinary share. Tillkännagivande • Jul 18
SSE plc Announces Board Committee Changes The Board of SSE plc, on the Nomination Committee's recommendation, approved the following changes to its Committees, effective after the AGM. Hixonia Nyasulu, as previously announced, became a member of the Audit Committee and Safety, Sustainability, Health, and Environment Advisory Committee (SSHEAC). Dame Angela Strank, as previously announced in the Annual Report 2025, became Chair of the SSHEAC. Martin Pibworth stepped down from the SSHEAC and Energy Markets Risk Committee. Tony Cocker stepped down from the SSHEAC. Tillkännagivande • Mar 29
SSE plc, Annual General Meeting, Jul 17, 2025 SSE plc, Annual General Meeting, Jul 17, 2025. Declared Dividend • Dec 30
First half dividend of UK£0.21 announced Shareholders will receive a dividend of UK£0.21. Ex-date: 2nd January 2025 Payment date: 27th February 2025 Dividend yield will be 3.6%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (35% earnings payout ratio) but not covered by cash flows (dividend approximately 5x free cash flows). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 13% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 14
First half 2025 earnings released: EPS: UK£0.48 (vs UK£0.31 in 1H 2024) First half 2025 results: EPS: UK£0.48 (up from UK£0.31 in 1H 2024). Revenue: UK£4.46b (down 6.9% from 1H 2024). Net income: UK£522.1m (up 56% from 1H 2024). Profit margin: 12% (up from 7.0% in 1H 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Tillkännagivande • Nov 02
SSE plc Appoints Hixonia Nyasulu as an Independent Non-Executive Director and Senior Independent Director on 1 January 2025 Anglo American plc announced that Hixonia Nyasulu, an independent non-executive director of the company, will be appointed as an independent non-executive director and senior independent director (SID) designate of SSE plc (SSE) on 1 January 2025. Ms. Nyasulu is expected to assume the role of SID of SSE from 18 July 2025. Tillkännagivande • Nov 01
SSE plc Announces Resignation of Helen Mahy as Senior Independent Director, Effective of 18 July 2025 The Board of SSE plc announced resignation of Helen Mahy as Senior Independent Director (SID) effective of 18 July 2025. Helen first joined the SSE Board on 1 March 2016, therefore this transition represents a time-limited extension to her tenure, and has been agreed to ensure a smooth SID succession process for Hixonia and the Board. Helen will now step down from the Board on17 July 2025, the expected date of SSE's Annual General Meeting 2025, and will not stand for re-election. Following completion of the above succession plan on 18 July 2025,the Board of SSE plc will comprise the Chair, three Executive Directors and eight independent non-Executive Directors; and will comprise seven men and five women. Each Director of SSE plc is subject to annual re-appointment and Hixonia's appointment to the Board from 1 January 2025 will be the subject of a resolution at the Company's Annual General Meeting 2025. Tillkännagivande • Oct 02
SSE plc (LSE:SSE) commences an Equity Buyback Plan for 109,345,335 shares, representing 10% of its issued share capital, under the authorization approved on July 18, 2024. SSE plc (LSE:SSE) commences share repurchases on September 30, 2024 under the program mandated by the shareholders in the Annual General Meeting held on July 18, 2024. As per the mandate, the company is authorized to repurchase up to 109,345,335 shares, representing 10% of its issued share capital. The minimum price (exclusive of expenses) which may be paid for each ordinary share is £0.5 and the maximum price which may be paid for each ordinary share is the higher an amount equal to 105% of the average of the middle market quotations for an ordinary share as derived from the London Stock Exchange Daily Official List of the UK Listing Authority for the five business days immediately preceding the day on which the ordinary share is contracted to be purchased and an amount equal to the higher of the price of the last independent trade of an ordinary share and the current highest independent bid for an ordinary share as derived from the London Stock Exchange Trading System. The shares purchased may either be cancelled or held as treasury shares, which may then be cancelled, sold for cash or used to meet the company’s obligations under its employee share schemes. The authority shall expire at the earlier of the conclusion of the 2025 Annual General Meeting and close of business on September 30, 2025. As of May 21, 2024, the company had 1,096,239,455 ordinary shares in issue and 2,786,105 ordinary shares in treasury. Tillkännagivande • Aug 09
SSE plc to Report First Half, 2025 Results on Nov 13, 2024 SSE plc announced that they will report first half, 2025 results on Nov 13, 2024 Upcoming Dividend • Jul 18
Upcoming dividend of UK£0.40 per share Eligible shareholders must have bought the stock before 25 July 2024. Payment date: 19 September 2024. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (4.9%). Tillkännagivande • May 25
SSE plc Announces Final Dividend for the Year Ended 31 March 2024, Payable on 19 September 2024 SSE plc announced final dividend of 40 pence per ordinary share for the year ended 31 March 2024. Dividend payable on 19 September 2024, record date of 26 July 2024 and ex-dividend date of 25 July 2024. Declared Dividend • May 24
Final dividend of UK£0.40 announced Shareholders will receive a dividend of UK£0.40. Ex-date: 25th July 2024 Payment date: 19th September 2024 Dividend yield will be 3.0%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is well covered by both earnings (38% earnings payout ratio) and cash flows (48% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 4.8% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 23
Full year 2024 earnings released: EPS: UK£1.57 (vs UK£0.15 loss in FY 2023) Full year 2024 results: EPS: UK£1.57 (up from UK£0.15 loss in FY 2023). Revenue: UK£10.5b (down 16% from FY 2023). Net income: UK£1.71b (up UK£1.87b from FY 2023). Profit margin: 16% (up from net loss in FY 2023). The move to profitability was driven by lower expenses. Revenue is forecast to grow 1.2% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Tillkännagivande • Mar 23
SSE Thermal Appoints Finlay McCutcheon as the New Managing Director SSE has announced the appointment of Finlay McCutcheon as the new Managing Director of SSE Thermal. Finlay will be responsible for driving the strategy, performance and development of the company's flexible power generation and energy storage activities in the UK and Ireland, including the delivery of SSE's new low-carbon hydrogen and carbon capture projects. Finlay will commence his new role in May 2024 and will become part of the Group Executive Committee during the course of the summer. He will report to Martin Pibworth, SSE's Chief Commercial Officer and Board member. Finlay is currently Director of Onshore Renewables (Europe) at SSE Renewables, where he has been responsible for the development, construction, and operation of all of SSE's Onshore Wind, Hydro, Pumped Storage, and Solar and Battery investments across Europe. Prior to that he has held several senior roles within SSE, including as Managing Director of SSE's Energy Portfolio Management division (now Energy Markets) and as Director of SSE Business Energy. After graduating from the University of Edinburgh, Finlay worked as a Corporate & Commercial lawyer, before joining SSE in 2010. Finlay joins SSE Thermal following a period of strong performance with the company's existing assets playing a key role in recent years supporting the electricity systems in both the UK and Ireland. SSE Thermal has a growing portfolio of low-carbon growth options, with development work progressing on carbon capture projects at Keadby and Peterhead, sustainable biofuels in Ireland and hydrogen projects across the value chain of production, storage and power generation. The company has recently announced plans for a new hydrogen-ready power station at Keadby. Buy Or Sell Opportunity • Jan 27
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 8.0% to €20.20. The fair value is estimated to be €16.83, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has declined by 43%. For the next 3 years, revenue is forecast to decline by 2.8% per annum. Earnings are forecast to grow by 16% per annum over the same time period. Board Change • Jan 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. CFO & Executive Director Barry O'regan was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. New Risk • Nov 17
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 31% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 164% Cash payout ratio: 122% Minor Risks High level of debt (72% net debt to equity). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.0% net profit margin). Reported Earnings • Nov 16
First half 2024 earnings released: EPS: UK£0.28 (vs UK£0.40 loss in 1H 2023) First half 2024 results: EPS: UK£0.28 (up from UK£0.40 loss in 1H 2023). Revenue: UK£4.79b (down 15% from 1H 2023). Net income: UK£309.0m (up UK£736.4m from 1H 2023). Profit margin: 6.5% (up from net loss in 1H 2023). The move to profitability was driven by lower expenses. Revenue is expected to fall by 3.6% p.a. on average during the next 3 years compared to a 3.7% decline forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Tillkännagivande • Oct 05
SSE plc Announces Directorate Change SSE plc announced that Helen Mahy, current non-Executive Director having served on the Board since March 2016, has been appointed as Senior Independent Director from 1 November 2023. Helen succeeds Tony Cocker who will remain on the Board as an independent non-Executive Director. Outside of the above change, Helen will remain Chair of SSE's Safety, Sustainability, Health and Environment Advisory Committee, and a member of SSE's Nomination Committee and Audit Committee. Tony will remain Chair of SSE's Energy Markets Risk Committee and a member of SSE's Nomination Committee, Audit Committee, and Safety, Sustainability, Health and Environment Advisory Committee. Upcoming Dividend • Jul 20
Upcoming dividend of UK£0.68 per share at 5.4% yield Eligible shareholders must have bought the stock before 27 July 2023. Payment date: 21 September 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 5.4%. Within top quartile of German dividend payers (4.7%). In line with average of industry peers (5.3%). New Risk • Jun 12
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €3.2m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risks Shareholders have been diluted in the past year (2.1% increase in shares outstanding). Significant insider selling over the past 3 months (€3.2m sold). Tillkännagivande • May 26
SSE plc Announces Final Dividend for the Year Ending 31 March 2023, Payable 21 September 2023 SSE plc announces its timetable in relation to the final dividend of 67.7 penceper ordinary share for the year ending 31 March 2023. 27 July 2023 Ex-dividend date. 28 July 2023. 28 July 2023 Record date. 21 September 2023: Cash dividend payment date. Reported Earnings • May 25
Full year 2023 earnings released: UK£0.15 loss per share (vs UK£2.42 profit in FY 2022) Full year 2023 results: UK£0.15 loss per share (down from UK£2.42 profit in FY 2022). Revenue: UK£12.5b (up 45% from FY 2022). Net loss: UK£158.0m (down 106% from profit in FY 2022). Revenue is expected to fall by 2.9% p.a. on average during the next 3 years compared to a 3.3% decline forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Tillkännagivande • Feb 14
SSE plc Declares Interim Dividend for the Year ended 31 March 2023 SSE plc notified on 13 February 2023 that a total of 25,835 shareholders have elected to receive the interim dividend for the year ended 31 March 2023 of 0.29 pence per ordinary share in respect of 548,180,093 ordinary shares in the form of Scrip dividend. This will result in a reduction in interim dividend cash funding of £158,972,227. A total of 9,413,103 new ordinary shares, fully paid, will be issued on 9 March 2023, representing an increase of 0.87% on the issued share capital (excluding treasury shares) on the dividend record date of 13 January 2023. The relevant Scrip Reference Share Price was 1,689 pence per ordinary share. Tillkännagivande • Jan 20
SSE plc Provides Dividend Guidance for the Fiscal Year 2024/25 and 2025/26 SSE plc expects that dividend is expected to increase by at least 5% per annum in 2024/25 and 2025/26. Upcoming Dividend • Jan 05
Upcoming dividend of UK£0.29 per share Eligible shareholders must have bought the stock before 12 January 2023. Payment date: 09 March 2023. Payout ratio is on the higher end at 93% but the company is not cash flow positive. Trailing yield: 5.5%. Within top quartile of German dividend payers (4.9%). Higher than average of industry peers (4.4%). Reported Earnings • Nov 17
First half 2023 earnings released: UK£0.40 loss per share (vs UK£1.04 profit in 1H 2022) First half 2023 results: UK£0.40 loss per share (down from UK£1.04 profit in 1H 2022). Revenue: UK£5.63b (up 59% from 1H 2022). Net loss: UK£427.4m (down 139% from profit in 1H 2022). Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jul 21
Upcoming dividend of UK£0.60 per share Eligible shareholders must have bought the stock before 28 July 2022. Payment date: 22 September 2022. Payout ratio is a comfortable 35% but the company is paying out more than the cash it is generating. Trailing yield: 4.9%. Within top quartile of German dividend payers (4.5%). Higher than average of industry peers (4.4%). Reported Earnings • May 28
Full year 2022 earnings released: EPS: UK£2.42 (vs UK£2.16 in FY 2021) Full year 2022 results: EPS: UK£2.42 (up from UK£2.16 in FY 2021). Revenue: UK£8.61b (up 26% from FY 2021). Net income: UK£2.55b (up 14% from FY 2021). Profit margin: 30% (down from 33% in FY 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to decline by 2.9% while the industry in Germany is not expected to grow. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Feb 23
Now 21% undervalued Over the last 90 days, the stock is up 1.1%. The fair value is estimated to be UK£24.22, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 29% per annum over the last 3 years. Earnings per share has grown by 45% per annum over the last 3 years. Buying Opportunity • Feb 05
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 2.2%. The fair value is estimated to be UK£24.12, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 29% per annum over the last 3 years. Earnings per share has grown by 45% per annum over the last 3 years. Buying Opportunity • Jan 20
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 3.1%. The fair value is estimated to be UK£23.74, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 29% per annum over the last 3 years. Earnings per share has grown by 45% per annum over the last 3 years. Upcoming Dividend • Jan 06
Upcoming dividend of UK£0.26 per share Eligible shareholders must have bought the stock before 13 January 2022. Payment date: 10 March 2022. Payout ratio is a comfortable 32% but the company is paying out more than the cash it is generating. Trailing yield: 5.0%. Within top quartile of German dividend payers (3.3%). Higher than average of industry peers (3.9%). Reported Earnings • Nov 18
First half 2022 earnings released: EPS UK£1.04 (vs UK£0.63 in 1H 2021) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2022 results: Revenue: UK£3.54b (up 26% from 1H 2021). Net income: UK£1.09b (up 67% from 1H 2021). Profit margin: 31% (up from 23% in 1H 2021). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 18
First half 2022 earnings released: EPS UK£1.04 (vs UK£0.63 in 1H 2021) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2022 results: Revenue: UK£3.54b (up 26% from 1H 2021). Net income: UK£1.09b (up 67% from 1H 2021). Profit margin: 31% (up from 23% in 1H 2021). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Board Change • Nov 01
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Non-Executive Director Debbie Crosbie was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Oct 02
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Non-Executive Director Debbie Crosbie was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Jul 22
Upcoming dividend of UK£0.57 per share Eligible shareholders must have bought the stock before 29 July 2021. Payment date: 23 September 2021. Trailing yield: 5.4%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (3.9%). Reported Earnings • Jun 24
Full year 2021 earnings released: EPS UK£2.11 (vs UK£0.36 in FY 2020) The company reported a solid full year result with improved earnings and profit margins, although revenues were flat. Full year 2021 results: Revenue: UK£6.83b (flat on FY 2020). Net income: UK£2.20b (up 489% from FY 2020). Profit margin: 32% (up from 5.5% in FY 2020). Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 27
Full year 2021 earnings released: EPS UK£2.16 (vs UK£0.41 in FY 2020) The company reported a solid full year result with improved earnings and profit margins, although revenues were flat. Full year 2021 results: Revenue: UK£6.83b (flat on FY 2020). Net income: UK£2.25b (up 435% from FY 2020). Profit margin: 33% (up from 6.2% in FY 2020). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Executive Departure • Apr 07
Chairman of the Board Richard Gillingwater has left the company On the 1st of April, Richard Gillingwater's tenure as Chairman of the Board ended after 13.9 years in the role. As of December 2020, Richard personally held only 2.38k shares (€41k worth at the time). A total of 2 executives have left over the last 12 months. Is New 90 Day High Low • Jan 08
New 90-day high: €17.59 The company is up 21% from its price of €14.54 on 09 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electric Utilities industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €10.08 per share. 
