National Grid (BATS-CHIXE:NGL) - Stock Price, News & Analysis

NGL Stock Overview

National Grid plc transmits and distributes electricity and gas.

NGL fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	2/6
Past Performance	2/6
Financial Health	0/6
Dividends	4/6

Rewards

Trading at 24.5% below our estimate of its fair value

Earnings are forecast to grow 6.07% per year

Risk Analysis

Interest payments are not well covered by earnings

Dividend of 5.41% is not well covered by cash flows

National Grid plc Competitors

Centrica

LSE:CNA

UK£6.9b

Telecom Plus

LSE:TEP

UK£1.3b

SSE

LSE:SSE

UK£18.2b

Sempra

NYSE:SRE

US$45.1b

Price History & Performance

Summary of all time highs, changes and price drops for National Grid
Historical stock prices
Current Share Price	UK£10.55
52 Week High	UK£11.81
52 Week Low	UK£9.19
Beta	0.29
1 Month Change	-1.06%
3 Month Change	0.74%
1 Year Change	-7.70%
3 Year Change	16.19%
5 Year Change	27.52%
Change since IPO	45.09%

Recent updates

Shareholder Returns

	NGL	GB Integrated Utilities	GB Market
7D	0.4%	1.2%	1.7%
1Y	-7.7%	1.6%	1.4%

Return vs Industry: NGL underperformed the UK Integrated Utilities industry which returned 1.1% over the past year.

Return vs Market: NGL underperformed the UK Market which returned 1.1% over the past year.

Price Volatility

Is NGL's price volatile compared to industry and market?
NGL volatility
NGL Average Weekly Movement	2.3%
Integrated Utilities Industry Average Movement	3.5%
Market Average Movement	4.8%
10% most volatile stocks in GB Market	11.3%
10% least volatile stocks in GB Market	2.7%

Stable Share Price: NGL has not had significant price volatility in the past 3 months.

Volatility Over Time: NGL's weekly volatility (2%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1990	29,450	John Pettigrew	www.nationalgrid.com

National Grid plc transmits and distributes electricity and gas. The company 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?
NGL fundamental statistics
Market cap	UK£39.21b
Earnings (TTM)	UK£2.56b
Revenue (TTM)	UK£20.70b

15.3x

P/E Ratio

1.9x

P/S Ratio

Is NGL overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
NGL income statement (TTM)
Revenue	UK£20.70b
Cost of Revenue	UK£0
Gross Profit	UK£20.70b
Other Expenses	UK£18.15b
Earnings	UK£2.56b

Last Reported Earnings

Sep 30, 2023

Next Earnings Date

May 23, 2024

Earnings per share (EPS)	0.69
Gross Margin	100.00%
Net Profit Margin	12.36%
Debt/Equity Ratio	156.8%

How did NGL perform over the long term?

See historical performance and comparison

Dividends

5.4%

Current Dividend Yield

82%

Payout Ratio

NGL Stock Overview

Rewards

Risk Analysis

National Grid plc Competitors

LSE:CNA

UK£6.9b

LSE:TEP

UK£1.3b

LSE:SSE

UK£18.2b

NYSE:SRE

US$45.1b

Price History & Performance

Recent News & Updates

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)

Recent updates

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

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.

Now 21% undervalued after recent price drop

National Grid plc Appoints Iain Mackay as Director

Now 20% undervalued

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

Now 21% undervalued

National Grid plc Announces Mark Williamson Step Down as Director

Upcoming dividend of UK£0.17 per share

First half 2022 earnings released: EPS UK£0.10 (vs UK£0.14 in 1H 2021)

Independent Non-Executive Director Paul Golby has left the company

High number of new directors

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

Full year 2021 earnings released: EPS UK£0.47 (vs UK£0.37 in FY 2020)

Non Executive Chairman Peter Gershon has left the company

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

Upcoming dividend of UK£0.32 per share

Full year 2021 earnings released: EPS UK£0.47 (vs UK£0.37 in FY 2020)

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.

New 90-day low: UK£8.27

New 90-day low: UK£8.50

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