National Grid
National Grid plc transmits and distributes electricity and natural gas. The last earnings update was 12 days ago. More info.
Add to Portfolio Compare Print
NG. Share Price and Events
7 Day Returns
1 Year Returns
NG. Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| National Grid (NG.) | 1.3% | 1.9% | -5.9% | 1% | -20.3% | -9.4% |
| Europe Integrated Utilities | -0.5% | 0.6% | -0.7% | 2% | -1.5% | -22.1% |
| GB Market | 0.4% | 0.3% | 1.6% | -3.7% | 19% | 3.4% |
1 Year Return vs Industry and Market
- NG. underperformed the Integrated Utilities industry which returned 2% over the past year.
- NG. outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -3.7% over the past year.
NG. Value
Is National Grid undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
- It is not possible to calculate the future cash flow value for National Grid. This is due to cash flow or dividend data being unavailable. The share price is £8.334.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for National Grid's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
National Grid's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in GBP | £0.44 |
| LSE:NG. Share Price ** | LSE (2019-06-14) in GBP | £8.33 |
| Europe Integrated Utilities Industry PE Ratio | Median Figure of 16 Publicly-Listed Integrated Utilities Companies | 20.76x |
| United Kingdom of Great Britain and Northern Ireland Market PE Ratio | Median Figure of 789 Publicly-Listed Companies | 16.17x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of National Grid.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = LSE:NG. Share Price ÷ EPS (both in GBP) = 8.33 ÷ 0.44 |
18.83x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- National Grid is good value based on earnings compared to the Europe Integrated Utilities industry average.
- National Grid is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does
National Grid's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 18.83x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts |
5.7%per year |
| Europe Integrated Utilities Industry PEG Ratio | Median Figure of 11 Publicly-Listed Integrated Utilities Companies | 2.62x |
| United Kingdom of Great Britain and Northern Ireland Market PEG Ratio | Median Figure of 576 Publicly-Listed Companies | 1.48x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 18.83x ÷ 5.7% |
3.32x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- National Grid is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
National Grid's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in GBP | £5.67 |
| LSE:NG. Share Price * | LSE (2019-06-14) in GBP | £8.33 |
| Europe Integrated Utilities Industry PB Ratio | Median Figure of 21 Publicly-Listed Integrated Utilities Companies | 1.71x |
| United Kingdom of Great Britain and Northern Ireland Market PB Ratio | Median Figure of 1,371 Publicly-Listed Companies | 1.48x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = LSE:NG. Share Price ÷ Book Value per Share (both in GBP) = 8.33 ÷ 5.67 |
1.47x |
* Primary Listing of National Grid.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- National Grid is good value based on assets compared to the Europe Integrated Utilities industry average.
Value checks
We assess National Grid's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Integrated Utilities industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Integrated Utilities industry average (and greater than 0)? (1 check) National Grid has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
NG. Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- National Grid's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
- National Grid's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
- National Grid's revenue growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| LSE:NG. Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts | 5.7% |
| LSE:NG. Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 14 Analysts | 3.7% |
| Europe Integrated Utilities Industry Earnings Growth Rate | Market Cap Weighted Average | 14.1% |
| Europe Integrated Utilities Industry Revenue Growth Rate | Market Cap Weighted Average | 5.1% |
| United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate | Market Cap Weighted Average | 10.7% |
| United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate | Market Cap Weighted Average | 5% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 14 Analyst Estimates (S&P Global) | See Below |
| Date (Data in GBP Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2024-03-31 | 18,303 | 5,422 | 2,221 | 3 |
| 2023-03-31 | 17,527 | 5,151 | 2,081 | 3 |
| 2022-03-31 | 16,224 | 4,802 | 2,070 | 8 |
| 2021-03-31 | 16,124 | 4,716 | 2,107 | 13 |
| 2020-03-31 | 15,423 | 4,319 | 1,965 | 9 |
| Date (Data in GBP Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 14,933 | 4,318 | 1,499 |
| 2018-12-31 | 14,923 | 4,384 | 2,425 |
| 2018-09-30 | 14,913 | 4,449 | 3,393 |
| 2018-06-30 | 15,082 | 4,476 | 3,492 |
| 2018-03-31 | 15,250 | 4,503 | 3,548 |
| 2017-12-31 | 15,345 | 4,793 | 2,577 |
| 2017-09-30 | 15,439 | 5,083 | 1,606 |
| 2017-06-30 | 15,237 | 5,156 | 1,709 |
| 2017-03-31 | 15,035 | 5,229 | 1,811 |
| 2016-09-30 | 12,638 | 4,933 | 1,685 |
| 2016-06-30 | 12,925 | 5,151 | 1,793 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 14 Analyst Estimates (S&P Global) | See Below |
All data from National Grid Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in GBP Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2024-03-31 | 0.60 | 0.63 | 0.57 | 2.00 |
| 2023-03-31 | 0.57 | 0.58 | 0.56 | 2.00 |
| 2022-03-31 | 0.57 | 0.60 | 0.55 | 6.00 |
| 2021-03-31 | 0.61 | 0.63 | 0.58 | 10.00 |
| 2020-03-31 | 0.57 | 0.58 | 0.56 | 9.00 |
| Date (Data in GBP Millions) | EPS * |
|---|---|
| 2019-03-31 | 0.44 |
| 2018-12-31 | 0.72 |
| 2018-09-30 | 1.01 |
| 2018-06-30 | 1.02 |
| 2018-03-31 | 1.03 |
| 2017-12-31 | 0.74 |
| 2017-09-30 | 0.46 |
| 2017-06-30 | 0.49 |
| 2017-03-31 | 0.53 |
| 2016-09-30 | 0.49 |
| 2016-06-30 | 0.52 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess National Grid's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
National Grid has a total score of 1/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
NG. Past Performance
How has National Grid performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- National Grid's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
- National Grid's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- National Grid's 1-year earnings growth is negative, it can't be compared to the Europe Integrated Utilities industry average.
Earnings and Revenue History
All data from National Grid Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in GBP Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-31 | 14,933.00 | 1,499.00 | 1,674.00 | |
| 2018-12-31 | 14,923.00 | 2,424.50 | 1,677.00 | |
| 2018-09-30 | 14,913.00 | 3,393.00 | 1,680.00 | |
| 2018-06-30 | 15,081.50 | 3,492.00 | 1,691.00 | |
| 2018-03-31 | 15,250.00 | 3,548.00 | 1,702.00 | |
| 2017-12-31 | 15,344.50 | 2,577.00 | 1,679.50 | |
| 2017-09-30 | 15,439.00 | 1,606.00 | 1,657.00 | |
| 2017-06-30 | 15,237.00 | 1,708.50 | 1,665.00 | |
| 2017-03-31 | 15,035.00 | 1,811.00 | 1,673.00 | |
| 2016-09-30 | 12,638.00 | 1,685.00 | 1,429.00 | |
| 2016-06-30 | 12,925.00 | 1,793.00 | 1,431.50 | |
| 2016-03-31 | 13,212.00 | 1,899.00 | 1,434.00 | |
| 2015-12-31 | 15,403.00 | 2,374.50 | 1,587.50 | |
| 2015-09-30 | 15,691.00 | 2,158.00 | 1,561.00 | |
| 2015-06-30 | 15,446.00 | 2,088.50 | 1,558.50 | |
| 2015-03-31 | 13,357.00 | 1,503.00 | 1,365.00 | |
| 2014-12-31 | 14,826.50 | 2,080.50 | 1,369.50 | |
| 2014-09-30 | 14,452.00 | 2,142.00 | 1,453.00 | |
| 2014-06-30 | 14,630.50 | 2,309.00 | 1,464.50 | |
| 2014-03-31 | 14,809.00 | 2,476.00 | 1,341.00 | |
| 2013-12-31 | 14,905.00 | 2,446.00 | 1,523.00 | |
| 2013-09-30 | 15,001.00 | 2,416.00 | 1,570.00 | |
| 2013-06-30 | 14,680.00 | 2,284.50 | 1,567.00 | |
| 2013-03-31 | 14,359.00 | 2,153.00 | 1,564.00 | |
| 2012-12-31 | 13,982.00 | 2,067.50 | 1,655.00 | |
| 2012-09-30 | 13,605.00 | 2,220.00 | 1,416.00 | |
| 2012-06-30 | 13,718.50 | 2,128.00 | 1,365.00 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- National Grid has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- National Grid used its assets more efficiently than the Europe Integrated Utilities industry average last year based on Return on Assets.
- National Grid has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess National Grid's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Integrated Utilities industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
National Grid has a total score of 3/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
NG. Health
How is National Grid's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up National Grid's finances.
The net worth of a company is the difference between its assets and liabilities.
- National Grid's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
- National Grid's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is not covered by short term assets, assets are 0.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from National Grid Company Filings, last reported 2 months ago.
| Date (Data in GBP Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 19,369.00 | 29,814.00 | 2,233.00 |
| 2018-12-31 | 19,369.00 | 29,814.00 | 2,233.00 |
| 2018-09-30 | 19,335.00 | 28,666.00 | 1,788.00 |
| 2018-06-30 | 19,335.00 | 28,666.00 | 1,788.00 |
| 2018-03-31 | 18,848.00 | 27,570.00 | 3,023.00 |
| 2017-12-31 | 18,848.00 | 27,570.00 | 3,023.00 |
| 2017-09-30 | 16,872.00 | 27,538.00 | 2,612.00 |
| 2017-06-30 | 16,872.00 | 27,538.00 | 2,612.00 |
| 2017-03-31 | 20,384.00 | 30,861.00 | 9,880.00 |
| 2016-09-30 | 12,570.00 | 34,741.00 | 3,417.00 |
| 2016-06-30 | 12,570.00 | 34,741.00 | 3,417.00 |
| 2016-03-31 | 13,565.00 | 30,413.00 | 3,125.00 |
| 2015-12-31 | 13,565.00 | 30,413.00 | 3,125.00 |
| 2015-09-30 | 12,309.00 | 28,613.00 | 2,489.00 |
| 2015-06-30 | 12,309.00 | 28,613.00 | 2,489.00 |
| 2015-03-31 | 11,974.00 | 28,309.00 | 2,678.00 |
| 2014-12-31 | 11,974.00 | 28,309.00 | 2,678.00 |
| 2014-09-30 | 12,121.00 | 26,968.00 | 3,636.00 |
| 2014-06-30 | 12,121.00 | 26,968.00 | 3,636.00 |
| 2014-03-31 | 11,919.00 | 27,113.00 | 3,953.00 |
| 2013-12-31 | 11,919.00 | 27,113.00 | 3,953.00 |
| 2013-09-30 | 11,224.00 | 27,735.00 | 4,356.00 |
| 2013-06-30 | 11,224.00 | 27,735.00 | 4,356.00 |
| 2013-03-31 | 10,234.00 | 29,776.00 | 6,102.00 |
| 2012-12-31 | 10,234.00 | 29,776.00 | 6,102.00 |
| 2012-09-30 | 9,121.00 | 25,858.00 | 3,179.00 |
| 2012-06-30 | 9,121.00 | 25,858.00 | 3,179.00 |
- National Grid's level of debt (153.9%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (227.4% vs 153.9% today).
- Debt is not well covered by operating cash flow (14.5%, less than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 4.1x coverage).
Financial health checks
We assess National Grid's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) National Grid has a total score of 2/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
NG. Dividends
What is National Grid's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
£2,000 of
National Grid
shares you are expected to receive
£114
in your first year as a dividend.
Dividend Amount
- National Grid's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (1.97%).
- National Grid's dividend is above the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.43%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 14 Analyst Estimates (S&P Global) | See Below |
| Europe Integrated Utilities Industry Average Dividend Yield | Market Cap Weighted Average of 19 Stocks | 5.4% |
| United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield | Market Cap Weighted Average of 705 Stocks | 4.3% |
| United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield | 10th Percentile | 1.1% |
| United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield | 25th Percentile | 2% |
| United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield | 75th Percentile | 5.4% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in £) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2024-03-31 | 0.53 | 3.00 |
| 2023-03-31 | 0.49 | 4.00 |
| 2022-03-31 | 0.50 | 10.00 |
| 2021-03-31 | 0.50 | 15.00 |
| 2020-03-31 | 0.49 | 14.00 |
| Date (Data in £) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-06-04 | 0.473 | 5.815 |
| 2019-05-16 | 0.473 | 5.875 |
| 2018-05-17 | 0.459 | 5.554 |
| 2017-11-24 | 0.446 | 5.478 |
| 2017-06-06 | 0.483 | 5.105 |
| 2017-05-18 | 0.483 | 4.484 |
| 2016-06-07 | 0.473 | 4.307 |
| 2016-05-19 | 0.473 | 4.386 |
| 2015-06-05 | 0.468 | 4.688 |
| 2015-05-21 | 0.468 | 4.707 |
| 2014-05-19 | 0.459 | 4.730 |
| 2013-11-21 | 0.446 | 5.070 |
| 2013-05-16 | 0.446 | 5.369 |
| 2012-12-05 | 0.435 | 5.417 |
| 2012-06-12 | 0.429 | 5.722 |
| 2012-05-17 | 0.429 | 5.912 |
| 2011-06-13 | 0.397 | 5.817 |
| 2011-05-19 | 0.397 | 5.992 |
| 2010-05-25 | 0.420 | 6.965 |
| 2010-05-20 | 0.420 | 6.812 |
| 2009-11-19 | 0.400 | 5.683 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been stable in the past 10 years.
- Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of
National Grid's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are not well covered by earnings (0.9x coverage).
- Dividends after 3 years are expected to be covered by earnings (1.2x coverage).
Income/ dividend checks
We assess National Grid's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can National Grid afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) National Grid has a total score of 5/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
NG. Management
CEO
| COMPENSATION | £4,562,000 |
| AGE | 49 |
| TENURE AS CEO | 3.2 years |
CEO Bio
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 its Executive Director since April 1, 2014. Mr. Pettigrew is responsible for the UK’s Electricity Transmission, Gas Transmission and Gas Distribution businesses. He has over 25 years of experience at National Grid in a variety of senior management roles. He serves as Senior Independent Director at Rentokil Initial plc since May 08, 2019. He had been Non-Executive Director of Rentokil Initial plc since January 1, 2018 until May 08, 2019. He served as an Executive Director of U.K at National Grid plc since October 1, 2014 to March 31, 2016. He served as Chief Operating Officer of Gas Distribution at National Grid Gas plc from 2010 to 2012. He served as the U.K. Chief Operating Officer at National Grid plc from July 2012 to 2014. He has experience in Government/regulatory, Partnering/JV/contract management, Utilities – energy and US. He joined The National Grid Company plc in 1991 and served in various senior management roles including Director of Engineering since 2003, Chief Operating Officer and Executive Vice President for the US Electricity Distribution & Generation business from 2007 to 2010; Chief Operating Officer for UK Gas Distribution from 2010 to 2012; and UK Chief Operating Officer from 2012 to 2014. He served as a Non-Independent Chairman at National Grid Electricity Transmission plc since July 2015 until February 11, 2016 and served as its Director since September 17, 2012 until February 11, 2016. Mr. Pettigrew has been an Executive Director of National Grid Gas Holdings Limited since April 1, 2014. He has been an Executive Director of National Grid USA Service Company, Inc. since April 1, 2014. He served as an Executive Director of UK at National Grid plc since October 2014 until March 31, 2016. He served as Executive Director of National Grid Gas plc since April 1, 2011 until February 2016. Mr. Pettigrew is a Fellow of the Energy Institute and of the Institution of Energy and Technology. He holds a BSC in Economics and an MSc in International Economics and Banking. He also completed the Advanced Management Program at Harvard Business School in 2010.
CEO Compensation
- John's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
- John's remuneration is about average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure
Average tenure and age of the National Grid management team in years:
- The tenure for the National Grid management team is about average.
Management Team
John Pettigrew
CEO & Executive Director
£5M
49
3.2 yrs
Andy Agg
CFO & Executive Director
£807K
48
0.9 yrs
Dean Seavers
Executive Director of US & Executive Director
£3M
57
4.2 yrs
Nicola Shaw
Executive Director of UK & Executive Director
£2M
49
2.9 yrs
Lisa Lambert
Senior VP and Chief Technology & Innovation Officer
1.4 yrs
Andi Karaboutis
Group Chief Information & Digital Officer
55
Aarti Singhal
Director of Investor Relations
Alison Kay
Group General Counsel
54
6.4 yrs
Badar Khan
Group Director of Corporate Development & National Grid Ventures
2.2 yrs
Andy Doyle
Chief Human Resources Officer
51
0.2 yrs
Board of Directors Tenure
Average tenure and age of the National Grid board of directors in years:
- The tenure for the National Grid board of directors is about average.
Board of Directors
Peter Gershon
Chairman
£606K
71
7.4 yrs
John Pettigrew
CEO & Executive Director
£5M
49
5.2 yrs
Andy Agg
CFO & Executive Director
£807K
48
0.4 yrs
Dean Seavers
Executive Director of US & Executive Director
£3M
57
4.2 yrs
Nicola Shaw
Executive Director of UK & Executive Director
£2M
49
2.9 yrs
Alison Kay
Group General Counsel
54
6.4 yrs
David Wright
Chief Electricity Engineer
Paul Golby
Independent Non-Executive Director
£106K
67
7.3 yrs
Mark Williamson
Senior Independent Director
£136K
60
5.9 yrs
John Sherlock Dawson
Independent Non-Executive Director
£110K
66
6.3 yrs
Who owns this company?
Recent Insider Trading
- More shares have been bought than sold by National Grid insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (£) | Value (£) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 22. May 19 | Buy | Peter Gershon | Individual | 22. May 19 | 22. May 19 | 6,000 | £8.07 | £48,434 | ||
Management checks
We assess National Grid's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) National Grid has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
NG. News
Simply Wall St News
Is National Grid plc (LON:NG.) An Attractive Dividend Stock?
Cash is slightly more important than profit from a dividend perspective, but given National Grid's payments were not well covered by either earnings or cash flow, we are concerned about the sustainability of this dividend. … As National Grid's dividend was not well covered by earnings, we need to check its balance sheet for signs of financial distress. … Conclusion To summarise, shareholders should always check that National Grid's dividends are affordable, that its dividend payments are relatively stable, and that it has decent prospects for growing its earnings and dividend.
Simply Wall St - – Full articleDo You Know About National Grid plc’s (LON:NG.) ROCE?
Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for National Grid: 0.066 = UK£3.6b ÷ (UK£63b - UK£9.1b) (Based on the trailing twelve months to March 2019.) So, National Grid has an ROCE of 6.6%. … How National Grid's Current Liabilities Impact Its ROCE Current liabilities include invoices, such as supplier payments, short-term debt, or a tax bill, that need to be paid within 12 months. … Due to the way ROCE is calculated, a high level of current liabilities makes a company look as though it has less capital employed, and thus can (sometimes unfairly) boost the ROCE.
Simply Wall St - – Full articleShould You Worry About National Grid plc's (LON:NG.) CEO Pay?
According to our data, National Grid plc has a market capitalization of UK£29b, and pays its CEO total annual compensation worth UK£3.5m. … The graphic below shows how CEO compensation at National Grid has changed from year to year. … If you think CEO compensation levels are interesting you will probably really like this free visualization of insider trading at National Grid.
Simply Wall St - – Full articleThese Factors Make National Grid plc (LON:NG.) An Interesting Investment
Help shape the future of investing tools and you could win a $250 gift card! … Building up an investment case requires looking at a stock holistically. … Today I've chosen to put the spotlight on National Grid plc (LON:NG.) due to its excellent fundamentals in more than one area.
Simply Wall St - – Full articleIf You Like EPS Growth Then Check Out National Grid (LON:NG.) Before It's Too Late
So if you're like me, you might be more interested in profitable, growing companies, like National Grid (LON:NG.). … National Grid's Earnings Per Share Are Growing. … If a company can keep growing earnings per share (EPS) long enough, its share price will eventually follow.
Simply Wall St - – Full articleIs National Grid plc's (LON:NG.) P/E Ratio Really That Good?
We'll look at National Grid plc's (LON:NG.) P/E ratio and reflect on what it tells us about the company's share price. … Based on the last twelve months, National Grid's P/E ratio is 8.28. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleIs National Grid plc (LON:NG.) A High Quality Stock To Own?
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … Our data shows National Grid has a return on equity of 18% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleInvestors Who Bought National Grid (LON:NG.) Shares Three Years Ago Are Now Down 18%
We regret to report that long term National Grid plc (LON:NG.) shareholders have had that experience, with the share price dropping 18% in three years, versus a market return of about 29%. … One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. … Although the share price is down over three years, National Grid actually managed to grow EPS by 17% per year in that time.
Simply Wall St - – Full articleIs National Grid plc's (LON:NG.) Balance Sheet A Threat To Its Future?
Investors seeking to preserve capital in a volatile environment might consider large-cap stocks such as National Grid plc (LON:NG.) a safer option. … Today we will look at National Grid’s financial liquidity and debt levels, which are strong indicators for whether the company can weather economic downturns or fund strategic acquisitions for future growth. … See our latest analysis for National Grid
Simply Wall St - – Full articleDoes National Grid plc (LON:NG.) Create Value For Shareholders?
To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … Return On Capital Employed (ROCE): What is it? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.
Simply Wall St - – Full articleNG. Company Info
Description
National Grid plc transmits and distributes electricity and natural gas. It operates through UK Electricity Transmission, UK Gas Transmission, US Regulated, and National Grid Ventures (NGV) and Other segments. The UK Electricity Transmission segment owns and operates electricity transmission networks, which comprise approximately 7,212 kilometres of overhead lines; 2,280 kilometres of underground cables; and 347 substations in England and Wales, as well as Scottish electricity transmission systems. The UK Gas Transmission segment owns and operates gas transmission systems that include approximately 7,660 kilometres of high-pressure pipes; and 24 compressor stations connecting to 8 distribution networks in Great Britain, as well as third-party independent systems and liquefied natural gas (LNG) storage facilities. The US Regulated segments owns and operates transmission facilities across upstate New York, Massachusetts, New Hampshire, Rhode Island, and Vermont; and electricity distribution networks in upstate New York, Massachusetts, and Rhode Island. Its assets comprise 14,293 kilometres of overhead lines, 169 kilometres of underground cables, and 377 transmission substations; an electricity distribution network of approximately 117,230 circuit kilometres and 763 distribution substations; a network of approximately 57,228 kilometres of gas pipeline serving an area of approximately 25,659 square kilometres; and approximately 787 kilometres of gas transmission pipes. The NGV and Other segment engages in the energy metering business; transporting primarily renewable energy long distances through its electricity interconnectors; and storing LNG, as well as property development and insurance activities in the United Kingdom and United States. The company was founded in 1990 and is headquartered in London, the United Kingdom.
Details
| Name: | National Grid plc |
| NG. | |
| Exchange: | LSE |
| Founded: | 1990 |
| £28,434,650,665 | |
| 3,411,885,129 | |
| Website: | http://www.nationalgrid.com |
| Address: |
National Grid plc 1-3 Strand, London, Greater London, WC2N 5EH, United Kingdom |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| LSE | NG. | Ordinary Shares | London Stock Exchange | GB | GBP | 22. Nov 1995 | |
| OTCPK | NGGT.F | Ordinary Shares | Pink Sheets LLC | US | USD | 22. Nov 1995 | |
| DB | NNGF | Ordinary Shares | Deutsche Boerse AG | DE | EUR | 22. Nov 1995 | |
| BATS-CHIXE | NGL | Ordinary Shares | BATS 'Chi-X Europe' | GB | GBP | 22. Nov 1995 | |
| NYSE | NGG | SPON ADR EACH REP 5 ORD SHS(POST SPLT) | New York Stock Exchange | US | USD | 07. Oct 1999 | |
| LSE | NG. | ORD GBP0.12431289 | London Stock Exchange | GB | GBP | 16. Jun 2019 | |
| DB | NNGD | SPON ADR EACH REP 5 ORD SHS(POST SPLT) | Deutsche Boerse AG | DE | EUR | 07. Oct 1999 |
Number of employees
Current staff
Industry
| Multi-Utilities | |
| Utilities |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/06/16 20:51 |
| End of day share price update: | 2019/06/14 00:00 |
| Last estimates confirmation: | 2019/06/13 |
| Last earnings filing: | 2019/06/04 |
| Last earnings reported: | 2019/03/31 |
| Last annual earnings reported: | 2019/03/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
