National Grid (LSE:NG.) - Stock Price, News & Analysis

NG. Stock Overview

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

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

Rewards

Trading at 19.5% 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 5.89% 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

Community Narratives

Create a narrative

Narratives bring a range of perspectives from our community.

WarrenAI

Based on Analyst Price Targets

Calculated Investments And Infrastructure Growth Set To Bolster Earnings And Unlock Value

Key Takeaways National Grid plans massive network investments to drive asset growth, boost future revenues, and stabilize earnings. Strategic initiatives like asset sales and streamlined processes support margins while enhancing earnings and operational efficiency.

View narrative

UK£11.25

11.6% undervalued

9.63%

Revenue growth p.a.

4 days ago

National Grid plc Competitors

Centrica

LSE:CNA

UK£6.2b

Telecom Plus

LSE:TEP

UK£1.4b

SSE

LSE:SSE

UK£19.2b

Sempra

NYSE:SRE

US$59.7b

Price History & Performance

Summary of all time highs, changes and price drops for National Grid
Historical stock prices
Current Share Price	UK£9.94
52 Week High	UK£11.46
52 Week Low	UK£6.45
Beta	0.27
11 Month Change	-0.48%
3 Month Change	0.06%
1 Year Change	-2.04%
33 Year Change	-0.74%
5 Year Change	13.09%
Change since IPO	239.60%

National Grid (LON:NG.) Has Announced That Its Dividend Will Be Reduced To £0.1584

Nov 12

Recent updates

National Grid (LON:NG.) Has Announced That Its Dividend Will Be Reduced To £0.1584

Nov 12

National Grid plc (LON:NG.) Shares Could Be 23% Below Their Intrinsic Value Estimate

Oct 21

With EPS Growth And More, National Grid (LON:NG.) Makes An Interesting Case

Sep 28

Calculating The Fair Value Of National Grid plc (LON:NG.)

Jul 23

National Grid (LON:NG.) Has No Shortage Of Debt

Jul 08

Here's Why We Think National Grid (LON:NG.) Might Deserve Your Attention Today

Jun 21

National Grid (LON:NG.) Will Pay A Larger Dividend Than Last Year At £0.376

May 21

Calculating The Fair Value Of National Grid plc (LON:NG.)

Apr 03

Here's Why National Grid (LON:NG.) Has A Meaningful Debt Burden

Mar 16

Is Now The Time To Put National Grid (LON:NG.) On Your Watchlist?

Mar 01

A Look At The Fair Value Of National Grid plc (LON:NG.)

Dec 22

Is National Grid (LON:NG.) A Risky Investment?

Dec 07

National Grid (LON:NG.) Is Increasing Its Dividend To £0.1784

Nov 17

Does National Grid (LON:NG.) Deserve A Spot On Your Watchlist?

Sep 26

Is National Grid (LON:NG.) A Risky Investment?

Aug 27

An Intrinsic Calculation For National Grid plc (LON:NG.) Suggests It's 23% Undervalued

Jul 27

Should You Be Adding National Grid (LON:NG.) To Your Watchlist Today?

Jun 27

Shareholder Returns

	NG.	GB Integrated Utilities	GB Market
7D	1.9%	1.2%	1.7%
1Y	-2.0%	-1.5%	8.3%

Return vs Industry: NG. matched the UK Integrated Utilities industry which returned -1.5% over the past year.

Return vs Market: NG. underperformed the UK Market which returned 8.3% over the past year.

Price Volatility

Is NG.'s price volatile compared to industry and market?
NG. volatility
NG. Average Weekly Movement	2.4%
Integrated Utilities Industry Average Movement	2.5%
Market Average Movement	4.8%
10% most volatile stocks in GB Market	10.3%
10% least volatile stocks in GB Market	2.6%

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

Volatility Over Time: NG.'s weekly volatility (2%) 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?
NG. fundamental statistics
Market cap	UK£48.56b
Earnings (TTM)	UK£1.72b
Revenue (TTM)	UK£19.32b

28.2x

P/E Ratio

2.5x

P/S Ratio

Is NG. overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
NG. 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 NG. perform over the long term?

See historical performance and comparison

Dividends

5.9%

Current Dividend Yield

131%

Payout Ratio

Does NG. pay a reliable dividends?

See NG. dividend history and benchmarks

When do you need to buy NG. 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	5 days
Days until Dividend pay date	49 days

Does NG. pay a reliable dividends?

See NG. dividend history and benchmarks

NG. Stock Overview

Rewards

Risk Analysis

Calculated Investments And Infrastructure Growth Set To Bolster Earnings And Unlock Value

National Grid plc Competitors

LSE:CNA

UK£6.2b

LSE:TEP

UK£1.4b

LSE:SSE

UK£19.2b

NYSE:SRE

US$59.7b

Price History & Performance

Recent News & Updates

National Grid Appoints Steve Smith as Chief Strategy and Regulation Officer

National Grid (LON:NG.) Has Announced That Its Dividend Will Be Reduced To £0.1584

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

Recent updates

National Grid Appoints Steve Smith as Chief Strategy and Regulation Officer

National Grid (LON:NG.) Has Announced That Its Dividend Will Be Reduced To £0.1584

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 UK£2.3m 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

Estimating The Intrinsic Value Of National Grid plc (LON:NG.)

CEO & Executive Director recently sold UK£1.8m worth of stock

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

New minor risk - Shareholder dilution

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

There May Be Some Bright Spots In National Grid's (LON:NG.) Earnings

Investor sentiment deteriorates as stock falls 26%

Consensus EPS estimates fall by 10%, revenue upgraded

National Grid (LON:NG.) Will Pay A Larger Dividend Than Last Year At £0.3912

Final dividend increased to UK£0.39

National Grid plc Recommends Final Dividend

Full year 2024 earnings: EPS and revenues miss analyst expectations

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

Are Investors Undervaluing National Grid plc (LON:NG.) By 25%?

Is National Grid (LON:NG.) A Risky Investment?

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

Some Confidence Is Lacking In National Grid plc's (LON:NG.) P/E

National Grid plc Announces Board Changes

Here's Why National Grid (LON:NG.) Is Weighed Down By Its Debt Load

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

Now 20% undervalued

Upcoming dividend of UK£0.19 per share at 5.6% yield

National Grid's (LON:NG.) Dividend Will Be Increased To £0.194

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

National Grid plc (LON:NG.) Shares Could Be 23% Below Their Intrinsic Value Estimate

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

With EPS Growth And More, National Grid (LON:NG.) Makes An Interesting Case

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

Calculating The Fair Value Of National Grid plc (LON:NG.)

National Grid (LON:NG.) Has No Shortage Of Debt

Here's Why We Think National Grid (LON:NG.) Might Deserve Your Attention Today

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

Consensus revenue estimates increase by 11%, EPS downgraded

Upcoming dividend of UK£0.38 per share at 5.0% yield

National Grid (LON:NG.) Will Pay A Larger Dividend Than Last Year At £0.376

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

Full year 2023 earnings: EPS and revenues exceed analyst expectations

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

Calculating The Fair Value Of National Grid plc (LON:NG.)

Here's Why National Grid (LON:NG.) Has A Meaningful Debt Burden

Is Now The Time To Put National Grid (LON:NG.) On Your Watchlist?

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.).

A Look At The Fair Value Of National Grid plc (LON:NG.)

National Grid plc Announces Board Changes

Is National Grid (LON:NG.) A Risky Investment?