Georgia Power Company 5% JR SUB NT 77 (GPJA) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-3520.0%

-$624.49

vs $18.26 price

Levered DCF

-$777.55

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

0.33

Distress zone

Rating

A+

Overall 4 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	5.69×	0.08×	0.1×	0.12×	0.41×	0.17×	0.14×	0.25×
P/B	0.07×	0.01×	0.01×	0.01×	0.01×	0.02×	0.02×	0.01×
P/S	0.01×	0.02×	0.02×	0.02×	0.03×	0.03×	0.03×	0.02×
EV / EBITDA	0.24×	3.45×	3.94×	3.98×	3.79×	3.62×	3.69×	2.94×
Gross margin	74.7%	54.1%	51.0%	40.5%	44.4%	50.1%	46.3%	44.0%
Operating margin	24.7%	31.3%	27.9%	20.3%	6.1%	23.7%	29.3%	15.3%
Net margin	14.7%	22.4%	20.6%	15.7%	6.3%	19.0%	20.5%	9.4%
Current ratio	0×	0.72×	0.72×	0.52×	0.62×	0.67×	0.6×	0.63×
Debt / equity	0.83×	0.84×	0.88×	0.93×	0.87×	0.87×	0.9×	0.72×
Interest coverage	2.25×	4.88×	4.5×	1.16×	1.35×	4.64×	0×	0×
Dividend yield	1220.3%	1519.5%	932.2%	776.0%	688.0%	583.2%	661.9%	710.7%
Payout ratio	69.5%	116.2%	89.2%	93.3%	282.4%	97.9%	91.6%	176.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	118.3%	10.7%	9.7%	9.6%	3.4%	9.5%	11.4%	5.5%
Return on invested capital	-697.5%	5.1%	4.4%	4.0%	1.3%	4.1%	4.7%	2.7%
Return on assets	0.0%	4.2%	3.7%	3.4%	1.2%	3.3%	3.9%	2.0%
Free cash flow yield	-1187.9%	428.5%	-1022.2%	-812.7%	-235.3%	-250.0%	-253.2%	-176.6%
Earnings yield	1757.0%	1308.1%	1045.3%	831.9%	243.7%	595.7%	722.3%	403.7%
Enterprise value	$3.3B	$20B	$19.1B	$17.4B	$15.1B	$14.6B	$13.8B	$10.5B
Net debt / EBITDA	0.22×	3.41×	3.89×	3.93×	3.73×	3.55×	3.62×	2.88×
Cash conversion cycle (days)	0	-120	-4	-18	-7	-5	-4	-14