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SSE

SCT.DE
48
General Utilities · Utilities
Exchange
Frankfurt Stock Exchange
Winston Score
48
Winston is serious
Mixed quality — meaningful strengths and weaknesses.
Data as of Aug 23, 2026 · filings through Mar 31, 2026
How the score breaks down
Quality
Good
Growth
Weak
Cash Flow
Good
Stability
Good
Valuation
Strong
Dividends
Mixed

Winston Score History

The full picture

SSE Plc is a British energy company that builds and runs infrastructure to generate and deliver electricity. Its main businesses include wind farms, hydroelectric plants, and the electricity networks that carry power to homes and businesses across the United Kingdom and Ireland. SSE is one of the largest renewable energy developers in the UK, with a large portfolio of onshore and offshore wind assets.

SSE makes most of its money through regulated network businesses, where it earns a set return approved by energy regulators, and through selling electricity generated from its power plants. The company operates almost entirely in the UK and Ireland and has a market cap of around $32 billion. Its regulated network operations provide stable, predictable income, which is a key competitive advantage. The main growth driver is its large pipeline of offshore wind projects, but rising construction costs and delays in grid connections are real risks that could slow that expansion.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-2.1% YoY

YoY Growth Rate

Revenue declining

EPS Growth

+26.7% YoY

YoY Growth Rate

Strong earnings growth

Insider Activity

2.6%ownership

Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

€5.3B cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Company generates more cash than it spends — no dilution risk from fundraising

Revenue declining

SSE's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale
Gross Margin
41.0%
Healthy — 41.0% gross margin
Profit after running costs
Operating Margin
27.0%
Excellent — 27.0% operating margin
Return on the money invested
ROCE
8.3%
Below par — 8.3% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales growth
Sales YoY
+0.5%
Nearly flat sales (+0.5% YoY)
Profit growth
EPS YoY
-5.6%
Earnings shrinking (-5.6% YoY)

Slight earnings drop. Typical near a cyclical low.

How steady the profit is
EPS Consistency
4/8 quarters
Earnings inconsistent quarter-to-quarter

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Cash Flow

Profit that turns into cash
Cash Conversion
284%
Turns 284% of profit into real cash
Spare cash per sale
FCF Margin
-7.0%
Burning cash (-7.0%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns
Debt / Equity
1.00
Moderate — manageable debt (1.00)
Covers its interest
Interest Cover
7.73x
Adequate interest coverage (7.7x)

Interest coverage between 3 and 8. Profits cover interest several times over.

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Valuation

Price vs profit
P/E Ratio (TTM)
23.6x
no trend
Growth-priced — P/E 23.6

P/E above the market average. People are paying up for expected growth.

Cheaper or dearer next year
P/E vs Forward
+13.8
GROWING
Earnings expected to grow meaningfully — cheaper on forward P/E (23.6 → 9.8)

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Dividends

Dividend
Dividend Yield
2.86%
no trend
Moderate income — 2.86% yield

Standard yield zone for stable dividend payers. A meaningful piece of total return.

Dividend record
Dividend Growth
-6.0%
no trend
Dividend cut (-6.0% YoY) — warning sign

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