How does NNGF's PE Ratio compare to its peers?

NNGF is expensive based on its Price-To-Earnings Ratio (27.3x) compared to the peer average (19.2x).

How does NNGF's PE Ratio compare vs other companies in the Global Integrated Utilities Industry?

NNGF is expensive based on its Price-To-Earnings Ratio (27.3x) compared to the Global Integrated Utilities industry average (17.2x).

What is NNGF's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

NNGF is expensive based on its Price-To-Earnings Ratio (27.3x) compared to the estimated Fair Price-To-Earnings Ratio (23.1x).

What is the Fair Price of NNGF when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

NNGF (€11.6) is trading below our estimate of [[fair value]] (€14.89)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Target price is less than 20% higher than the current share price.

National Grid (XTRA:NNGF) - Stock Price, News & Analysis

NNGF Stock Overview

National Grid plc transmits and distributes electricity and gas. More details

NNGF fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	2/6
Past Performance	1/6
Financial Health	3/6
Dividends	4/6

Rewards

Trading at 22.1% below our estimate of its fair value

Earnings are forecast to grow 15.48% per year

Risk Analysis

Debt is not well covered by operating cash flow

Dividend of 6.07% is not well covered by earnings or free cash flows

Significant insider selling over the past 3 months

Shareholders have been diluted in the past year

+ 1 more risk

National Grid plc Competitors

E.ON

XTRA:EOAN

€30.3b

Mainova

DB:MNV6

€1.9b

MVV Energie

XTRA:MVV1

€2.0b

Gelsenwasser

DB:WWG

€1.7b

Price History & Performance

Summary of all time highs, changes and price drops for National Grid
Historical stock prices
Current Share Price	UK£11.60
52 Week High	UK£13.50
52 Week Low	UK£9.95
Beta	0.27
11 Month Change	-4.13%
3 Month Change	-2.52%
1 Year Change	-1.69%
33 Year Change	-3.05%
5 Year Change	n/a
Change since IPO	0.87%

Recent updates

Shareholder Returns

	NNGF	DE Integrated Utilities	DE Market
7D	-2.5%	-0.4%	-1.3%
1Y	-1.7%	-2.0%	7.4%

Return vs Industry: NNGF matched the German Integrated Utilities industry which returned -2.2% over the past year.

Return vs Market: NNGF underperformed the German Market which returned 7.1% over the past year.

Price Volatility

Is NNGF's price volatile compared to industry and market?
NNGF volatility
NNGF Average Weekly Movement	3.4%
Integrated Utilities Industry Average Movement	2.5%
Market Average Movement	4.8%
10% most volatile stocks in DE Market	10.8%
10% least volatile stocks in DE Market	2.4%

Stable Share Price: NNGF has not had significant price volatility in the past 3 months compared to the German market.

Volatility Over Time: NNGF's weekly volatility (3%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1990	31,425	John Pettigrew	www.nationalgrid.com

National Grid plc transmits and distributes electricity and gas. It operates through UK Electricity Transmission, UK Electricity Distribution, UK Electricity System Operator, New England, New York, National Grid Ventures, and Other segments. The UK Electricity Transmission segment provides electricity transmission and construction work services in England and Wales.

National Grid plc Fundamentals Summary

How do National Grid's earnings and revenue compare to its market cap?
NNGF fundamental statistics
Market cap	€56.60b
Earnings (TTM)	€2.07b
Revenue (TTM)	€23.22b

27.3x

P/E Ratio

2.4x

P/S Ratio

Is NNGF overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
NNGF income statement (TTM)
Revenue	UK£19.32b
Cost of Revenue	UK£0
Gross Profit	UK£19.32b
Other Expenses	UK£17.60b
Earnings	UK£1.72b

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.35
Gross Margin	100.00%
Net Profit Margin	8.92%
Debt/Equity Ratio	129.5%

How did NNGF perform over the long term?

See historical performance and comparison

Dividends

6.1%

Current Dividend Yield

131%

Payout Ratio

Does NNGF pay a reliable dividends?

See NNGF dividend history and benchmarks

When do you need to buy NNGF by to receive an upcoming dividend?
National Grid dividend dates
Ex Dividend Date	Nov 21 2024
Dividend Pay Date	Jan 14 2025
Days until Ex dividend	1 day
Days until Dividend pay date	53 days

Does NNGF pay a reliable dividends?

See NNGF dividend history and benchmarks

NNGF Stock Overview

Rewards

Risk Analysis

National Grid plc Competitors

XTRA:EOAN

€30.3b

DB:MNV6

€1.9b

XTRA:MVV1

€2.0b

DB:WWG

€1.7b

Price History & Performance

Recent News & Updates

National Grid Appoints Steve Smith as Chief Strategy and Regulation Officer

Now 21% undervalued

First half dividend of UK£0.16 announced

First half 2025 earnings released: EPS: UK£0.13 (vs UK£0.29 in 1H 2024)

Now 20% undervalued

Now 20% undervalued

Recent updates

National Grid Appoints Steve Smith as Chief Strategy and Regulation Officer

Now 21% undervalued

First half dividend of UK£0.16 announced

First half 2025 earnings released: EPS: UK£0.13 (vs UK£0.29 in 1H 2024)

Now 20% undervalued

Now 20% undervalued

CEO & Executive Director recently sold €2.7m worth of stock

National Grid plc Provides Earnings Guidance for the Six Months Ended September 30, 2024

A consortium of investors led by Macquarie Asset Management completed the acquisition of the remaining 20% equity interest in National Gas Transmission Plc from National Grid plc (LSE:NG.).

National Grid Announces Executive Changes

CEO & Executive Director recently sold €2.1m worth of stock

Now 22% undervalued after recent price drop

National Grid Appoints Julian Baddeley as Group Company Secretary, with Effect from 1 July 2024

Now 21% undervalued after recent price drop

New minor risk - Shareholder dilution

National Grid plc(LSE:NGPN) dropped from FTSE 100 Index

Investor sentiment deteriorates as stock falls 17%

Final dividend of UK£0.39 announced

National Grid plc Recommends Final Dividend

Full year 2024 earnings released: EPS: UK£0.60 (vs UK£0.74 in FY 2023)

National Grid plc has filed a Follow-on Equity Offering in the amount of £7.001146 billion.

National Grid plc to Report Fiscal Year 2024 Results on May 23, 2024

National Grid plc Announces Board Changes

National Grid plc Approves Interim Dividend, Payable on 11 January 2024

Now 20% undervalued

Upcoming dividend of UK£0.19 per share at 5.5% yield

First half 2024 earnings released: EPS: UK£0.29 (vs UK£0.33 in 1H 2023)

National Grid Receives $50 Million Grant from the U.S. Department of Energy

National Grid Announces Alisha Collins as Director, Community Impact & Engagement in New England

National Grid plc to Report First Half, 2024 Results on Nov 09, 2023

Now 20% undervalued after recent price drop

National Grid plc Announces Director & Committee Changes

National Grid Announces Lisa Wieland as President of its New England business

National Grid Appoints Jim McGaugh as U.S. Head of Corporate Affairs

Upcoming dividend of UK£0.38 per share at 5.1% yield

National Grid plc Proposes Final Dividend for the Year Ended March 31, 2023, Payable on August 9, 2023

Full year 2023 earnings released: EPS: UK£0.74 (vs UK£0.61 in FY 2022)

Thérèse Esperdy Decides to Step Down from the Board of National Grid as Non-Executive Director, Effective 31 December 2023

British Columbia Investment Management Corporation and Macquarie Asset Management Inc. completed the acquisition of a 60% stake in National Grid Gas from National Grid plc (LSE:NG.).

National Grid plc Announces Board Changes

Upcoming dividend of UK£0.18 per share

First half 2023 earnings released: EPS: UK£0.31 (vs UK£0.10 in 1H 2022)

High number of new directors

First half 2023 earnings released: EPS: UK£0.31 (vs UK£0.10 in 1H 2022)

National Grid plc Approves Interim Dividend, Payable on 11 January 2023

Now 20% undervalued after recent price drop

DT Midstream, Inc. (NYSE:DTM) completed the acquisition of an additional 26.25% ownership interest in Millennium Pipeline from National Grid plc (LSE:NG.).

DT Midstream, Inc. (NYSE:DTM) completed the acquisition of an additional 26.25% ownership interest in Millennium Pipeline from National Grid plc (LSE:NG.).

DT Midstream, Inc. (NYSE:DTM) has entered into an agreement to acquire an additional 26.25% ownership interest in Millennium Pipeline from National Grid plc (LSE:NG.) for approximately $550 million.

Now 21% undervalued after recent price drop

National Grid plc Appoints Iain Mackay as Director

Now 20% undervalued after recent price drop

Upcoming dividend of UK£0.34 per share

National Grid plc to Report Q2, 2023 Results on Nov 10, 2022

Full year 2022 earnings released

National Grid plc Provides Earnings Guidance for the 2022/23

British Columbia Investment Management Corporation and Macquarie Asset Management Inc. signed an agreement to acquire a 60% stake in UK gas transmission and metering business of National Grid plc from National Grid plc (LSE:NG.) for £9.6 billion.

British Columbia Investment Management Corporation and Macquarie Asset Management Inc. signed an agreement to acquire a 60% stake in UK gas transmission and metering business of National Grid plc from National Grid plc (LSE:NG.) for £9.6 billion.

Macquarie Reportedly Weighs Bid for Stake in National Grid's Gas Unit