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National Grid

OTCPK:NGGT.F
Snowflake Description

6 star dividend payer with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NGGT.F
OTCPK
£28B
Market Cap
  1. Home
  2. US
  3. Utilities
Company description

National Grid plc transmits and distributes electricity and natural gas. The last earnings update was 164 days ago. More info.


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NGGT.F Share Price and Events
7 Day Returns
-2.7%
OTCPK:NGGT.F
-1.6%
US Integrated Utilities
-0.3%
US Market
1 Year Returns
-9.2%
OTCPK:NGGT.F
15.6%
US Integrated Utilities
7%
US Market
NGGT.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
National Grid (NGGT.F) -2.7% -3.4% 2.7% -9.2% -26.6% -23.5%
US Integrated Utilities -1.6% -0.9% 8.8% 15.6% 23.9% 27.7%
US Market -0.3% 2% 8.5% 7% 37.7% 46.8%
1 Year Return vs Industry and Market
  • NGGT.F underperformed the Integrated Utilities industry which returned 15.6% over the past year.
  • NGGT.F underperformed the Market in United States of America which returned 7% over the past year.
Price Volatility
NGGT.F
Industry
5yr Volatility vs Market

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.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • 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 $10.53.
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?
Raw Data
OTCPK:NGGT.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in GBP £1.01
LSE:NG. Share Price ** LSE (2019-04-18) in GBP £8.19
United States of America Integrated Utilities Industry PE Ratio Median Figure of 15 Publicly-Listed Integrated Utilities Companies 20.63x
United States of America Market PE Ratio Median Figure of 3,081 Publicly-Listed Companies 18.18x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of National Grid.

OTCPK:NGGT.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:NG. Share Price ÷ EPS (both in GBP)

= 8.19 ÷ 1.01

8.14x

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 US Integrated Utilities industry average.
  • National Grid is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does National Grid's expected growth come at a high price?
Raw Data
OTCPK:NGGT.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.14x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts
0.4%per year
United States of America Integrated Utilities Industry PEG Ratio Median Figure of 13 Publicly-Listed Integrated Utilities Companies 3.15x
United States of America Market PEG Ratio Median Figure of 2,109 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

OTCPK:NGGT.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.14x ÷ 0.4%

18.5x

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?
Raw Data
OTCPK:NGGT.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in GBP £5.74
LSE:NG. Share Price * LSE (2019-04-18) in GBP £8.19
United States of America Integrated Utilities Industry PB Ratio Median Figure of 17 Publicly-Listed Integrated Utilities Companies 2.19x
United States of America Market PB Ratio Median Figure of 5,184 Publicly-Listed Companies 1.91x
OTCPK:NGGT.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:NG. Share Price ÷ Book Value per Share (both in GBP)

= 8.19 ÷ 5.74

1.43x

* 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 US Integrated Utilities industry average.
X
Value checks
We assess National Grid's value by looking at:
  1. 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. )
  2. Is the PE ratio less than the market average, and/ or less than the Integrated Utilities industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Integrated Utilities industry average (and greater than 0)? (1 check)
  5. National Grid has a total score of 3/6, 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.

Future Performance

 How is National Grid expected to perform in the next 1 to 3 years based on estimates from 15 analysts?

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!
Annual Growth Rate
0.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is National Grid expected to grow at an attractive rate?
  • National Grid's earnings growth is positive but not above the low risk savings rate of 2.7%.
Growth vs Market Checks
  • National Grid's earnings growth is positive but not above the United States of America market average.
  • National Grid's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:NGGT.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:NGGT.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts 0.4%
OTCPK:NGGT.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 15 Analysts 2.9%
United States of America Integrated Utilities Industry Earnings Growth Rate Market Cap Weighted Average 12.5%
United States of America Integrated Utilities Industry Revenue Growth Rate Market Cap Weighted Average 4.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.4%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7%

*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
Raw Data
OTCPK:NGGT.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:NGGT.F Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-03-31 18,052 5,289 2,167 3
2023-03-31 17,286 5,048 2,049 3
2022-03-31 16,501 5,029 2,004 4
2021-03-31 16,341 4,934 2,169 12
2020-03-31 15,998 4,472 2,001 15
2019-03-31 15,432 3,935 1,774 15
OTCPK:NGGT.F Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
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 3,591
2017-12-31 15,345 4,793 2,567
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
2016-03-31 13,212 5,368 1,899
2015-12-31 15,403 5,236 2,375

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • National Grid's earnings are expected to grow by 0.4% yearly, however this is not considered high growth (20% yearly).
  • National Grid's revenue is expected to grow by 2.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:NGGT.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below

All data from National Grid Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:NGGT.F Future Estimates Data
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 0.58 0.61 0.55 3.00
2021-03-31 0.61 0.65 0.55 8.00
2020-03-31 0.58 0.61 0.51 10.00
2019-03-31 0.54 0.58 0.47 7.00
OTCPK:NGGT.F Past Financials Data
Date (Data in GBP Millions) EPS *
2018-09-30 1.01
2018-06-30 1.02
2018-03-31 1.04
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
2016-03-31 0.55
2015-12-31 0.69

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • National Grid is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess National Grid's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
National Grid has a total score of 0/6, 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.

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
Below we compare National Grid's growth in the last year to its industry (Integrated Utilities).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • National Grid's year on year earnings growth rate has been positive over the past 5 years.
  • National Grid's 1-year earnings growth exceeds its 5-year average (111.3% vs 5.8%)
  • National Grid's earnings growth has exceeded the US Integrated Utilities industry average in the past year (111.3% vs -1.2%).
Earnings and Revenue History
National Grid's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from National Grid Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:NGGT.F Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
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 3,591.00 1,702.00
2017-12-31 15,344.50 2,566.50 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 US Integrated Utilities industry average last year based on Return on Assets.
  • National Grid's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess National Grid's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Integrated Utilities industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
National Grid has a total score of 4/6, 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.

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.
Net Worth
  • 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
This treemap shows a more detailed breakdown of National Grid's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.2x 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.
Raw Data

All data from National Grid Company Filings, last reported 6 months ago.

OTCPK:NGGT.F Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
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 (148.3%) 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 (246.9% vs 148.3% today).
  • Debt is not well covered by operating cash flow (15.5%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.8x coverage).
X
Financial health checks
We assess National Grid's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. National Grid has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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.

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
Dividend payments
5.61%
Current annual income from National Grid dividends. Estimated to be 6.11% next year.
If you bought $2,000 of National Grid shares you are expected to receive $112 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • National Grid's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.39%).
  • National Grid's dividend is above the markets top 25% of dividend payers in United States of America (3.62%).
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.
Raw Data
OTCPK:NGGT.F Annualized Past and Future Dividends
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 15 Analyst Estimates (S&P Global) See Below
United States of America Integrated Utilities Industry Average Dividend Yield Market Cap Weighted Average of 17 Stocks 3.5%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2009 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:NGGT.F Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2024-03-31 0.53 3.00
2023-03-31 0.52 3.00
2022-03-31 0.51 4.00
2021-03-31 0.50 14.00
2020-03-31 0.49 16.00
2019-03-31 0.47 16.00
OTCPK:NGGT.F Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2018-05-17 0.459 5.556
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
2009-06-16 0.389 6.119
2009-05-15 0.388 6.197
2009-05-14 0.389 6.089
2009-04-22 0.370 6.046

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 well covered by earnings (2.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.2x coverage).
X
Income/ dividend checks
We assess National Grid's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. 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)
  7. National Grid has a total score of 6/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of National Grid's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
John Pettigrew
COMPENSATION £3,519,000
AGE 49
TENURE AS CEO 3 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 has been Non-Executive Director of Rentokil Initial plc since January 1, 2018. 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 been consistent with company performance over the past year.
  • John's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the National Grid management team in years:

2.8
Average Tenure
52.5
Average Age
  • The tenure for the National Grid management team is about average.
Management Team

John Pettigrew

TITLE
CEO & Executive Director
COMPENSATION
£4M
AGE
49
TENURE
3 yrs

Dean Seavers

TITLE
Executive Director of US & Executive Director
COMPENSATION
£3M
AGE
57
TENURE
4 yrs

Nicola Shaw

TITLE
Executive Director of UK & Executive Director
COMPENSATION
£1M
AGE
49
TENURE
2.8 yrs

Andy Agg

TITLE
CFO & Executive Director
TENURE
0.8 yrs

Lisa Lambert

TITLE
Senior VP and Chief Technology & Innovation Officer
TENURE
1.3 yrs

Andi Karaboutis

TITLE
Group Chief Information & Digital Officer
AGE
55

Aarti Singhal

TITLE
Director of Investor Relations

Alison Kay

TITLE
Group General Counsel & Company Secretary
AGE
54
TENURE
6.3 yrs

Badar Khan

TITLE
Group Director of Corporate Development & National Grid Ventures
TENURE
2 yrs

Andy Doyle

TITLE
Chief Human Resources Officer
AGE
51
Board of Directors Tenure

Average tenure and age of the National Grid board of directors in years:

5.1
Average Tenure
58.5
Average Age
  • The tenure for the National Grid board of directors is about average.
Board of Directors

Peter Gershon

TITLE
Chairman
COMPENSATION
£585K
AGE
71
TENURE
7.3 yrs

John Pettigrew

TITLE
CEO & Executive Director
COMPENSATION
£4M
AGE
49
TENURE
5 yrs

Dean Seavers

TITLE
Executive Director of US & Executive Director
COMPENSATION
£3M
AGE
57
TENURE
4 yrs

Nicola Shaw

TITLE
Executive Director of UK & Executive Director
COMPENSATION
£1M
AGE
49
TENURE
2.8 yrs

Andy Agg

TITLE
CFO & Executive Director
TENURE
0.3 yrs

David Wright

TITLE
Chief Electricity Engineer

Paul Golby

TITLE
Independent Non-Executive Director
COMPENSATION
£104K
AGE
67
TENURE
7.2 yrs

Mark Williamson

TITLE
Senior Independent Director
COMPENSATION
£134K
AGE
60
TENURE
5.8 yrs

John Sherlock Dawson

TITLE
Independent Non-Executive Director
COMPENSATION
£106K
AGE
66
TENURE
6.1 yrs

Thérèse Esperdy

TITLE
Independent Non-Executive Director
COMPENSATION
£151K
AGE
57
TENURE
5.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess National Grid's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. 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.

News

Simply Wall St News

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 and Other Activities segments. The UK Electricity Transmission segment owns and operates electricity transmission networks, which comprise approximately 7,200 kilometers of overhead lines; 1,560 kilometers of underground cables; and 346 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 kilometers of high-pressure pipes and 24 compressor stations connecting 8 distribution networks in Great Britain, as well as other 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. This segment’s assets comprise 14,293 kilometers of overhead lines; 168 kilometers of underground cables; 387 transmission substations; and 740 distribution substations. It also engages in owning and operating gas distribution networks in upstate New York, New York City, Long Island, Massachusetts, and Rhode Island. The National Grid Ventures and Other Activities segment engages in the commercial operations in metering, LNG importation terminal, and electricity interconnectors businesses, 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
NGGT.F
Exchange: OTCPK
Founded: 1990
£36,294,404,248
3,410,219,918
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
XTRA NNGF Ordinary Shares XETRA Trading Platform 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 21. Apr 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
Staff numbers
23,023
National Grid employees.
Industry
Multi-Utilities
Utilities
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/21 23:47
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/18
Last earnings filing: 2018/11/08
Last earnings reported: 2018/09/30
Last annual earnings reported: 2018/03/31


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.