Planned £60 Billion Investment Will Strengthen Energy Networks And Operational Efficiency

AN

AnalystConsensusTarget

AnalystConsensusTarget

Not Invested

Based on Analyst Price Targets

Published

10 Nov 24

Updated

18 Dec 25

Views

506

n/a

n/a

AnalystConsensusTarget's Fair Value

n/a

1Y

22.9%

7D

2.1%

Loading

1Y

22.9%

7D

2.1%

You can edit this narrative until Dec 19 5:10 AM. Then, changes will post as Updates.

Author's Valuation

UK£11.964.5% undervalued

AnalystConsensusTarget Fair Value

Shared on 18 Dec 25

Fair value Increased 0.20%

NG.: Dividend Outlook And Regulatory Outcomes Will Shape Returns Ahead

Analysts have modestly raised their price target on National Grid, reflecting a slightly higher fair value estimate of approximately $11.96 as they factor in stronger anticipated revenue growth, partially offset by a small compression in forecast profit margins and future valuation multiples. Analyst Commentary Bullish analysts view the modestly higher price target as a reflection of improving growth visibility for National Grid, particularly as regulated asset base expansion and inflation-linked mechanisms support more resilient top line progression.

Shared on 18 Nov 25

Fair value Increased 1.31%

NG.: Revenue Expectations And Margin Pressures Will Shape Performance Ahead

Narrative Update: National Grid Analyst Price Target Increased Analysts have raised their price target for National Grid to $11.93, up from $11.78. They cite improved expectations for revenue growth despite a slightly higher discount rate and modestly lower profit margins.

Shared on 01 May 25

Fair value Increased 60%

Shared on 23 Apr 25

Fair value Decreased 32%

AnalystConsensusTarget has increased shares outstanding growth rate from 0.1% to 0.2%.

Shared on 17 Apr 25

Fair value Increased 0.28%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 09 Apr 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 02 Apr 25

Fair value Decreased 2.45%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 26 Mar 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 19 Mar 25

Fair value Increased 0.36%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 12 Mar 25

Fair value Decreased 6.43%

AnalystConsensusTarget has increased revenue growth from 6.6% to 8.6% and decreased profit margin from 20.1% to 16.4%.

AnalystConsensusTarget Fair Value

UK£11.96

4.5% undervalued

Future estimation in

Growth p.a.

Growth p.a.

%

Decrease

Increase

Current revenue growth rate

10.67%

Other Utilities revenue growth rate

0.14%

Risk Level (Discount Rate)

Our default considers factors like the company's size, volatility, profitablity and country of operation.

%

0

Decrease

Increase

Current discount rate

7.07%

Calculation

UK£4.83b

Earnings '28

x

15.20x

PE Ratio '28

=

UK£73.39b

Market Cap '28

UK£73.39b

Market Cap '28

/

5.00b

No. shares '28

=

UK£14.68

Share Price '28

UK£14.68 Share Price '28

Discounted to 2025 @ 7.07% p.a.

=

UK£11.96

Fair Value '25