National Grid (DB:NNGD) - Stock Price, News & Analysis

NNGD Stock Overview

National Grid plc transmits and distributes electricity and gas.

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

Rewards

Trading at 20.5% below our estimate of its fair value

Earnings are forecast to grow 11.78% per year

Risk Analysis

Dividend of 6.47% is not well covered by earnings or cash flows

Debt is not well covered by operating cash flow

Large one-off items impacting financial results

Shareholders have been diluted in the past year

National Grid plc Competitors

E.ON

XTRA:EOAN

€32.8b

MVV Energie

XTRA:MVV1

€2.1b

Gelsenwasser

DB:WWG

€2.2b

Mainova

DB:MNV6

€2.0b

Price History & Performance

Summary of all time highs, changes and price drops for National Grid
Historical stock prices
Current Share Price	UK£52.50
52 Week High	UK£66.50
52 Week Low	UK£50.00
Beta	0.25
11 Month Change	-20.45%
3 Month Change	-15.32%
1 Year Change	-13.22%
33 Year Change	-0.94%
5 Year Change	13.15%
Change since IPO	50.39%

Recent updates

Shareholder Returns

	NNGD	DE Integrated Utilities	DE Market
7D	2.9%	1.4%	-0.6%
1Y	-13.2%	-1.8%	2.9%

Return vs Industry: NNGD underperformed the German Integrated Utilities industry which returned -1.8% over the past year.

Return vs Market: NNGD underperformed the German Market which returned 2.9% over the past year.

Price Volatility

Is NNGD's price volatile compared to industry and market?
NNGD volatility
NNGD Average Weekly Movement	6.3%
Integrated Utilities Industry Average Movement	3.3%
Market Average Movement	4.9%
10% most volatile stocks in DE Market	10.7%
10% least volatile stocks in DE Market	2.6%

Stable Share Price: NNGD's share price has been volatile over the past 3 months.

Volatility Over Time: NNGD's weekly volatility (6%) 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?
NNGD fundamental statistics
Market cap	€51.46b
Earnings (TTM)	€2.62b
Revenue (TTM)	€23.48b

19.6x

P/E Ratio

2.2x

P/S Ratio

Is NNGD overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
NNGD income statement (TTM)
Revenue	UK£19.85b
Cost of Revenue	UK£0
Gross Profit	UK£19.85b
Other Expenses	UK£17.63b
Earnings	UK£2.22b

Last Reported Earnings

Mar 31, 2024

Next Earnings Date

Nov 07, 2024

Earnings per share (EPS)	0.46
Gross Margin	100.00%
Net Profit Margin	11.16%
Debt/Equity Ratio	158.6%

How did NNGD perform over the long term?

See historical performance and comparison

Dividends

6.5%

Current Dividend Yield

97%

Payout Ratio

NNGD Stock Overview

Rewards

Risk Analysis

National Grid plc Competitors

XTRA:EOAN

€32.8b

XTRA:MVV1

€2.1b

DB:WWG

€2.2b

DB:MNV6

€2.0b

Price History & Performance

Recent News & Updates

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

National Grid plc Recommends Final Dividend

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

Recent updates

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

National Grid plc Recommends Final Dividend

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

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

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

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

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

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

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.

National Grid plc Appoints Iain Mackay as Director

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

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

National Grid plc Announces Mark Williamson Step Down as Director

National Grid plc (LSE:NG.) completed the acquisition of Western Power Distribution plc from PPL WPD Investments Limited.

National Grid Launches Electric Vehicle Road Trip to Highlight Northeast Charging Infrastructure

National Grid plc Recommends Final Dividend for Fiscal 2021

National Grid plc (LSE:NG.) entered into a sale and purchase agreement to acquire Western Power Distribution plc from PPL WPD Investments Limited for £7.8 billion.

National Grid plc Announces Board Changes, Effective 1 April 2021

Sir Peter Gershon Steps Down as Chair of the Nominations Committee of National Grid plc with Effect from 1 January 2021

National Grid plc, Annual General Meeting, Jul 26, 2021

Shareholder Returns

Price Volatility

About the Company

National Grid plc Fundamentals Summary

19.6x

2.2x

Earnings & Revenue

Dividends

6.5%

97%