Southern Free Cash Flow vs Free Cash Flow Yield Analysis

SO Stock  USD 84.39  0.08  0.09%   
Southern financial indicator trend analysis is much more than just breaking down Southern prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Southern is a good investment. Please check the relationship between Southern Free Cash Flow and its Free Cash Flow Yield accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Southern Company. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

Free Cash Flow vs Free Cash Flow Yield

Free Cash Flow vs Free Cash Flow Yield Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Southern Free Cash Flow account and Free Cash Flow Yield. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Southern's Free Cash Flow and Free Cash Flow Yield is 0.87. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Free Cash Flow Yield in the same time period over historical financial statements of Southern Company, assuming nothing else is changed. The correlation between historical values of Southern's Free Cash Flow and Free Cash Flow Yield is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of Southern Company are associated (or correlated) with its Free Cash Flow Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Yield has no effect on the direction of Free Cash Flow i.e., Southern's Free Cash Flow and Free Cash Flow Yield go up and down completely randomly.

Correlation Coefficient

0.87
Relationship DirectionPositive 
Relationship StrengthStrong

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.
Most indicators from Southern's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Southern current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Southern Company. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.
As of the 11th of December 2024, Tax Provision is likely to grow to about 567.6 M, while Selling General Administrative is likely to drop about 1.1 B.
 2021 2022 2023 2024 (projected)
Gross Profit10.1B10.8B11.7B8.3B
Total Revenue23.1B29.3B25.3B15.6B

Southern fundamental ratios Correlations

0.910.730.860.860.970.920.720.920.80.640.90.450.640.80.790.760.810.570.380.890.630.910.770.80.93
0.910.830.950.940.971.00.820.780.90.661.00.570.660.920.80.840.720.70.721.00.730.960.830.780.89
0.730.830.790.780.770.811.00.590.750.530.830.750.530.810.951.00.550.880.610.830.950.790.70.950.71
0.860.950.790.940.920.940.790.740.90.630.950.540.630.940.780.810.720.610.680.950.670.950.830.740.9
0.860.940.780.940.890.920.770.680.980.730.930.590.730.950.740.790.670.580.650.940.640.970.960.750.91
0.970.970.770.920.890.980.760.910.830.620.970.50.620.840.810.790.80.670.560.960.70.940.790.780.9
0.921.00.810.940.920.980.80.820.880.641.00.550.640.90.80.830.730.690.690.990.720.950.810.770.89
0.720.821.00.790.770.760.80.590.740.50.820.760.50.80.951.00.540.880.60.820.960.780.690.950.69
0.920.780.590.740.680.910.820.590.590.470.780.340.470.580.720.620.830.550.220.750.580.770.580.690.79
0.80.90.750.90.980.830.880.740.590.70.90.60.70.960.680.760.640.520.670.910.590.930.930.70.87
0.640.660.530.630.730.620.640.50.470.70.650.121.00.690.390.530.410.320.350.670.360.760.730.520.76
0.91.00.830.950.930.971.00.820.780.90.650.570.650.910.80.840.710.710.731.00.730.950.820.780.88
0.450.570.750.540.590.50.550.760.340.60.120.570.120.580.720.750.360.660.470.580.790.490.550.690.44
0.640.660.530.630.730.620.640.50.470.71.00.650.120.690.390.530.410.320.350.670.360.760.730.520.76
0.80.920.810.940.950.840.90.80.580.960.690.910.580.690.750.810.670.540.70.930.640.950.880.740.9
0.790.80.950.780.740.810.80.950.720.680.390.80.720.390.750.950.660.830.460.790.930.780.650.960.71
0.760.841.00.810.790.790.831.00.620.760.530.840.750.530.810.950.550.870.590.850.950.80.70.960.73
0.810.720.550.720.670.80.730.540.830.640.410.710.360.410.670.660.550.370.230.710.480.790.590.580.79
0.570.70.880.610.580.670.690.880.550.520.320.710.660.320.540.830.870.370.620.690.930.580.480.820.43
0.380.720.610.680.650.560.690.60.220.670.350.730.470.350.70.460.590.230.620.740.540.590.540.390.41
0.891.00.830.950.940.960.990.820.750.910.671.00.580.670.930.790.850.710.690.740.730.960.830.770.89
0.630.730.950.670.640.70.720.960.580.590.360.730.790.360.640.930.950.480.930.540.730.660.560.910.55
0.910.960.790.950.970.940.950.780.770.930.760.950.490.760.950.780.80.790.580.590.960.660.90.770.96
0.770.830.70.830.960.790.810.690.580.930.730.820.550.730.880.650.70.590.480.540.830.560.90.690.85
0.80.780.950.740.750.780.770.950.690.70.520.780.690.520.740.960.960.580.820.390.770.910.770.690.74
0.930.890.710.90.910.90.890.690.790.870.760.880.440.760.90.710.730.790.430.410.890.550.960.850.74
Click cells to compare fundamentals

Southern Account Relationship Matchups

Southern fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding1.1B1.1B1.1B1.1B1.1B847.2M
Total Assets118.7B122.9B127.5B134.9B139.3B72.0B
Short Long Term Debt Total48.7B51.0B55.5B59.1B63.5B66.7B
Other Current Liab4.2B4.1B3.7B4.3B5.1B2.6B
Total Current Liabilities12.5B12.1B10.9B15.7B13.5B8.3B
Total Stockholder Equity27.8B28.3B28.2B30.4B31.4B18.7B
Property Plant And Equipment Net86.1B90.4B93.5B96.7B101.9B53.2B
Net Debt46.7B50.0B53.7B57.2B62.7B65.9B
Retained Earnings10.9B11.3B10.9B11.5B12.5B8.2B
Accounts Payable2.6B2.8B2.2B3.5B2.9B1.8B
Non Current Assets Total108.9B114.3B118.6B124.5B128.9B65.6B
Non Currrent Assets Other601M11.2B12.0B17.8B16.8B17.6B
Net Receivables3.4B3.3B3.0B3.7B4.0B2.4B
Common Stock Total Equity5.3B5.3B5.3B5.4B6.2B5.9B
Liabilities And Stockholders Equity118.7B122.9B127.5B134.9B139.3B72.0B
Non Current Liabilities Total74.1B78.3B84.0B84.6B90.6B95.2B
Inventory2.4B2.5B2.4B2.7B3.4B1.9B
Other Current Assets1.4B1.7B1.9B2.1B1.9B2.0B
Other Stockholder Equity11.7B11.8B11.9B13.6B13.7B6.9B
Total Liab86.7B90.4B95.0B100.4B104.1B52.1B
Property Plant And Equipment Gross86.1B90.4B125.2B129.9B139.7B146.6B
Total Current Assets9.8B8.6B9.0B10.4B10.4B6.4B
Accumulated Other Comprehensive Income(321M)(395M)(238M)(167M)(177M)(185.9M)
Short Term Debt5.3B4.4B3.8B7.1B5.0B3.6B
Common Stock5.3B5.3B5.3B5.4B5.4B5.9B
Current Deferred Revenue496M487M479M502M503M356.0M
Good Will6.3B5.3B5.3B5.2B5.9B6.2B
Intangible Assets536M487M445M406M368M416.5M
Other Liab30.7B31.6B32.4B32.4B37.2B39.1B
Other Assets17.3B18.2B18.9B21.4B24.6B25.8B
Long Term Debt95M45.1B49.9B50.7B57.2B60.1B
Treasury Stock(42M)(46M)(47M)(53M)(61.0M)(64.0M)
Property Plant Equipment83.1B87.6B91.1B94.6B108.8B57.0B
Retained Earnings Total Equity10.9B11.3B10.9B11.5B13.3B8.0B

Pair Trading with Southern

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Southern position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Southern will appreciate offsetting losses from the drop in the long position's value.

Moving together with Southern Stock

  0.81D Dominion EnergyPairCorr
  0.87ED Consolidated Edison Sell-off TrendPairCorr
  0.71ES Eversource EnergyPairCorr
  0.72FE FirstEnergyPairCorr

Moving against Southern Stock

  0.64EDN Empresa DistribuidoraPairCorr
  0.39ETR EntergyPairCorr
  0.31VSTE Vast RenewablesPairCorr
  0.31AGR AvangridPairCorr
The ability to find closely correlated positions to Southern could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Southern when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Southern - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Southern Company to buy it.
The correlation of Southern is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Southern moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Southern moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Southern can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Southern Company. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.
You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Is Electric Utilities space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Southern. If investors know Southern will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Southern listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.078
Dividend Share
2.84
Earnings Share
4.29
Revenue Per Share
24.135
Quarterly Revenue Growth
0.042
The market value of Southern is measured differently than its book value, which is the value of Southern that is recorded on the company's balance sheet. Investors also form their own opinion of Southern's value that differs from its market value or its book value, called intrinsic value, which is Southern's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Southern's market value can be influenced by many factors that don't directly affect Southern's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Southern's value and its price as these two are different measures arrived at by different means. Investors typically determine if Southern is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Southern's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.