National Grid Future Growth
Future criteria checks 2/6
National Grid is forecast to grow earnings and revenue by 6.3% and 6.2% per annum respectively. EPS is expected to grow by 4.7% per annum. Return on equity is forecast to be 9.7% in 3 years.
Key information
6.3%
Earnings growth rate
4.7%
EPS growth rate
| Integrated Utilities earnings growth | 6.3% |
| Revenue growth rate | 6.2% |
| Future return on equity | 9.7% |
| Analyst coverage | Good |
| Last updated | 24 Apr 2024 |
Recent future growth updates
Recent updates
Earnings and Revenue Growth Forecasts
| Date | Revenue | Earnings | Free Cash Flow | Cash from Op | Avg. No. Analysts |
|---|---|---|---|---|---|
| 3/31/2027 | 24,329 | 3,321 | -3,590 | 7,757 | 5 |
| 3/31/2026 | 21,676 | 3,031 | -4,196 | 6,995 | 11 |
| 3/31/2025 | 21,194 | 2,843 | -3,819 | 6,419 | 12 |
| 3/31/2024 | 21,542 | 2,668 | -2,911 | 6,358 | 11 |
| 9/30/2023 | 20,704 | 2,558 | 342 | 7,231 | N/A |
| 6/30/2023 | 21,182 | 2,636 | 174 | 7,065 | N/A |
| 3/31/2023 | 21,659 | 2,714 | 6 | 6,898 | N/A |
| 12/31/2022 | 21,306 | 2,917 | -65 | 6,641 | N/A |
| 9/30/2022 | 20,952 | 3,026 | -137 | 6,383 | N/A |
| 6/30/2022 | 19,701 | 2,604 | 296 | 6,328 | N/A |
| 3/31/2022 | 18,449 | 2,182 | 728 | 6,272 | N/A |
| 12/31/2021 | 16,496 | 1,685 | 475 | 5,678 | N/A |
| 9/30/2021 | 14,542 | 1,187 | 222 | 5,084 | N/A |
| 6/30/2021 | 14,104 | 1,245 | 38 | 4,773 | N/A |
| 3/31/2021 | 13,665 | 1,303 | -147 | 4,461 | N/A |
| 12/31/2020 | 12,810 | 1,096 | 21 | 4,462 | N/A |
| 9/30/2020 | 14,315 | 1,377 | -439 | 4,462 | N/A |
| 6/30/2020 | 14,428 | 1,325 | -360 | 4,540 | N/A |
| 3/31/2020 | 13,360 | 1,029 | 32 | 4,618 | N/A |
| 12/31/2019 | 14,708 | 1,366 | -94 | 4,499 | N/A |
| 9/30/2019 | 14,875 | 1,458 | 93 | 4,380 | N/A |
| 6/30/2019 | 14,904 | 1,479 | 235 | 4,349 | N/A |
| 3/31/2019 | 14,933 | 1,499 | 377 | 4,318 | N/A |
| 12/31/2018 | 14,923 | 2,425 | 426 | 4,384 | N/A |
| 9/30/2018 | 14,913 | 3,350 | 474 | 4,449 | N/A |
| 6/30/2018 | 15,082 | 3,449 | 533 | 4,476 | N/A |
| 3/31/2018 | 15,250 | 3,548 | 592 | 4,503 | N/A |
| 12/31/2017 | 15,345 | 2,577 | 972 | 4,793 | N/A |
| 9/30/2017 | 15,439 | 1,606 | 1,352 | 5,083 | N/A |
| 6/30/2017 | 15,237 | 1,709 | N/A | 5,156 | N/A |
| 3/31/2017 | 15,035 | 1,811 | N/A | 5,229 | N/A |
| 9/30/2016 | 12,638 | 1,685 | N/A | 4,933 | N/A |
| 6/30/2016 | 12,925 | 1,793 | N/A | 5,151 | N/A |
| 3/31/2016 | 13,212 | 1,899 | N/A | 5,368 | N/A |
| 12/31/2015 | 15,403 | 2,375 | N/A | 5,236 | N/A |
| 9/30/2015 | 15,691 | 2,158 | N/A | 5,103 | N/A |
| 6/30/2015 | 15,446 | 2,089 | N/A | 5,055 | N/A |
| 3/31/2015 | 13,357 | 1,503 | N/A | 5,007 | N/A |
| 12/31/2014 | 14,827 | 2,081 | N/A | 4,876 | N/A |
| 9/30/2014 | 14,452 | 2,142 | N/A | 4,744 | N/A |
| 6/30/2014 | 14,631 | 2,309 | N/A | 4,382 | N/A |
| 3/31/2014 | 14,809 | 2,476 | N/A | 4,019 | N/A |
| 12/31/2013 | 14,905 | 2,446 | N/A | 3,889 | N/A |
| 9/30/2013 | 15,001 | 2,416 | N/A | 3,758 | N/A |
| 6/30/2013 | 14,680 | 2,285 | N/A | 3,754 | N/A |
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NNGF's forecast earnings growth (6.3% per year) is above the savings rate (0.1%).
Earnings vs Market: NNGF's earnings (6.3% per year) are forecast to grow slower than the Swiss market (7.9% per year).
High Growth Earnings: NNGF's earnings are forecast to grow, but not significantly.
Revenue vs Market: NNGF's revenue (6.2% per year) is forecast to grow faster than the Swiss market (4.3% per year).
High Growth Revenue: NNGF's revenue (6.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: NNGF's Return on Equity is forecast to be low in 3 years time (9.7%).