NG. Stock Overview
National Grid plc transmits and distributes electricity and gas.
National Grid Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||UK£10.51|
|52 Week High||UK£12.71|
|52 Week Low||UK£8.81|
|1 Month Change||-14.34%|
|3 Month Change||-6.71%|
|1 Year Change||13.84%|
|3 Year Change||25.75%|
|5 Year Change||10.42%|
|Change since IPO||259.14%|
Recent News & Updates
National Grid (LON:NG.) Is Paying Out A Larger Dividend Than Last Year
National Grid plc ( LON:NG. ) will increase its dividend on the 17th of August to UK£0.34. This makes the dividend...
Does National Grid (LON:NG.) Have A Healthy Balance Sheet?
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
|NG.||GB Integrated Utilities||GB Market|
Return vs Industry: NG. exceeded the UK Integrated Utilities industry which returned -1.8% over the past year.
Return vs Market: NG. exceeded the UK Market which returned -10.4% over the past year.
|NG. Average Weekly Movement||3.2%|
|Integrated Utilities Industry Average Movement||4.0%|
|Market Average Movement||5.5%|
|10% most volatile stocks in GB Market||10.8%|
|10% least volatile stocks in GB Market||2.8%|
Stable Share Price: NG. is less volatile than 75% of UK stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: NG.'s weekly volatility (3%) has been stable over the past year.
About the Company
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, and New York segments. The UK Electricity Transmission segment provides electricity transmission and construction work services in England and Wales.
National Grid Fundamentals Summary
|NG. fundamental statistics|
Is NG. overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|NG. income statement (TTM)|
|Cost of Revenue||UK£0|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
Nov 10, 2022
|Earnings per share (EPS)||0.60|
|Net Profit Margin||11.83%|
How did NG. perform over the long term?See historical performance and comparison
4.8%Current Dividend Yield
Is NG. undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 4/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for NG.?
Other financial metrics that can be useful for relative valuation.
|What is NG.'s n/a Ratio?|
Price to Earnings Ratio vs Peers
How does NG.'s PE Ratio compare to its peers?
|NG. PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
Price-To-Earnings vs Peers: NG. is good value based on its Price-To-Earnings Ratio (17.6x) compared to the peer average (25.7x).
Price to Earnings Ratio vs Industry
How does NG.'s PE Ratio compare vs other companies in the Global Integrated Utilities Industry?
Price-To-Earnings vs Industry: NG. is expensive based on its Price-To-Earnings Ratio (17.6x) compared to the European Integrated Utilities industry average (10.6x)
Price to Earnings Ratio vs Fair Ratio
What is NG.'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.
|Current PE Ratio||17.6x|
|Fair PE Ratio||21.9x|
Price-To-Earnings vs Fair Ratio: NG. is good value based on its Price-To-Earnings Ratio (17.6x) compared to the estimated Fair Price-To-Earnings Ratio (21.9x).
Share Price vs Fair Value
What is the Fair Price of NG. when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: NG. (£10.51) is trading below our estimate of fair value (£14.35)
Significantly Below Fair Value: NG. is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: NG. is poor value based on its PEG Ratio (6.8x)
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How is National Grid forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?
Future Growth Score1/6
Future Growth Score 1/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NG.'s forecast earnings growth (2.6% per year) is above the savings rate (0.9%).
Earnings vs Market: NG.'s earnings (2.6% per year) are forecast to grow slower than the UK market (10.9% per year).
High Growth Earnings: NG.'s earnings are forecast to grow, but not significantly.
Revenue vs Market: NG.'s revenue (3.1% per year) is forecast to grow slower than the UK market (4.1% per year).
High Growth Revenue: NG.'s revenue (3.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: NG.'s Return on Equity is forecast to be low in 3 years time (10.3%).
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How has National Grid performed over the past 5 years?
Past Performance Score4/6
Past Performance Score 4/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NG. has high quality earnings.
Growing Profit Margin: NG.'s current net profit margins (11.8%) are higher than last year (9.5%).
Past Earnings Growth Analysis
Earnings Trend: NG.'s earnings have declined by 11.5% per year over the past 5 years.
Accelerating Growth: NG.'s earnings growth over the past year (67.5%) exceeds its 5-year average (-11.5% per year).
Earnings vs Industry: NG. earnings growth over the past year (67.5%) exceeded the Integrated Utilities industry 9%.
Return on Equity
High ROE: NG.'s Return on Equity (9.2%) is considered low.
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How is National Grid's financial position?
Financial Health Score1/6
Financial Health Score 1/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: NG.'s short term assets (£18.0B) do not cover its short term liabilities (£24.8B).
Long Term Liabilities: NG.'s short term assets (£18.0B) do not cover its long term liabilities (£46.2B).
Debt to Equity History and Analysis
Debt Level: NG.'s net debt to equity ratio (178.4%) is considered high.
Reducing Debt: NG.'s debt to equity ratio has increased from 150% to 192.4% over the past 5 years.
Debt Coverage: NG.'s debt is not well covered by operating cash flow (13.7%).
Interest Coverage: NG.'s interest payments on its debt are well covered by EBIT (4x coverage).
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What is National Grid current dividend yield, its reliability and sustainability?
Dividend Score 5/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: NG.'s dividend (4.85%) is higher than the bottom 25% of dividend payers in the UK market (1.92%).
High Dividend: NG.'s dividend (4.85%) is low compared to the top 25% of dividend payers in the UK market (5.23%).
Stability and Growth of Payments
Stable Dividend: NG.'s dividends per share have been stable in the past 10 years.
Growing Dividend: NG.'s dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: At its current payout ratio (84.1%), NG.'s payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (255.3%), NG.'s dividend payments are not well covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
John Pettigrew (52 yo)
Mr. John Pettigrew, FEI, FIET, has been Chief Executive Officer at National Grid USA since April 01, 2016. Mr. Pettigrew has been the Chief Executive Officer at National Grid plc since April 1, 2016 and as...
CEO Compensation Analysis
Compensation vs Market: John's total compensation ($USD8.00M) is above average for companies of similar size in the UK market ($USD5.28M).
Compensation vs Earnings: John's compensation has increased by more than 20% in the past year.
Experienced Management: NG.'s management team is considered experienced (3.2 years average tenure).
Experienced Board: NG.'s board of directors are considered experienced (3.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.6%.
National Grid plc's employee growth, exchange listings and data sources
- Name: National Grid plc
- Ticker: NG.
- Exchange: LSE
- Founded: 1990
- Industry: Multi-Utilities
- Sector: Utilities
- Implied Market Cap: UK£37.306b
- Shares outstanding: 3.65b
- Website: https://www.nationalgrid.com
Number of Employees
- National Grid plc
- 1-3 Strand
- Greater London
- WC2N 5EH
- United Kingdom
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/06/24 00:00|
|End of Day Share Price||2022/06/24 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.