NATIONAL GRID PLC (NNGF.DE) Fundamental Analysis & Valuation

FRA:NNGF • GB00BDR05C01

Current stock price

14.94 EUR
+0.12 (+0.81%)
Last:

This NNGF.DE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

7

1. NNGF.DE Profitability Analysis

1.1 Basic Checks

  • NNGF had positive earnings in the past year.
  • In the past year NNGF had a positive cash flow from operations.
  • Each year in the past 5 years NNGF has been profitable.
  • Each year in the past 5 years NNGF had a positive operating cash flow.
NNGF.DE Yearly Net Income VS EBIT VS OCF VS FCFNNGF.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B 4B 6B

1.2 Ratios

  • NNGF's Return On Assets of 2.77% is fine compared to the rest of the industry. NNGF outperforms 72.22% of its industry peers.
  • With a Return On Equity value of 7.72%, NNGF is not doing good in the industry: 77.78% of the companies in the same industry are doing better.
  • Looking at the Return On Invested Capital, with a value of 4.11%, NNGF is doing worse than 61.11% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for NNGF is in line with the industry average of 5.57%.
Industry RankSector Rank
ROA 2.77%
ROE 7.72%
ROIC 4.11%
ROA(3y)4.49%
ROA(5y)3.68%
ROE(3y)13.91%
ROE(5y)11.98%
ROIC(3y)4.25%
ROIC(5y)4.02%
NNGF.DE Yearly ROA, ROE, ROICNNGF.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30

1.3 Margins

  • Looking at the Profit Margin, with a value of 16.43%, NNGF belongs to the top of the industry, outperforming 88.89% of the companies in the same industry.
  • NNGF's Profit Margin has improved in the last couple of years.
  • Looking at the Operating Margin, with a value of 29.57%, NNGF belongs to the top of the industry, outperforming 94.44% of the companies in the same industry.
  • NNGF's Operating Margin has improved in the last couple of years.
  • NNGF has a Gross Margin of 87.92%. This is amongst the best in the industry. NNGF outperforms 94.44% of its industry peers.
  • NNGF's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 29.57%
PM (TTM) 16.43%
GM 87.92%
OM growth 3Y9.26%
OM growth 5Y3.21%
PM growth 3Y7.01%
PM growth 5Y12.68%
GM growth 3Y1.78%
GM growth 5Y0.92%
NNGF.DE Yearly Profit, Operating, Gross MarginsNNGF.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60 80

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2

2. NNGF.DE Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so NNGF is destroying value.
  • The number of shares outstanding for NNGF has been increased compared to 1 year ago.
  • NNGF has more shares outstanding than it did 5 years ago.
  • NNGF has a better debt/assets ratio than last year.
NNGF.DE Yearly Shares OutstandingNNGF.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B
NNGF.DE Yearly Total Debt VS Total AssetsNNGF.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20B 40B 60B 80B 100B

2.2 Solvency

  • NNGF has an Altman-Z score of 1.44. This is a bad value and indicates that NNGF is not financially healthy and even has some risk of bankruptcy.
  • NNGF has a Altman-Z score of 1.44. This is in the better half of the industry: NNGF outperforms 77.78% of its industry peers.
  • A Debt/Equity ratio of 1.14 is on the high side and indicates that NNGF has dependencies on debt financing.
  • NNGF has a Debt to Equity ratio of 1.14. This is in the better half of the industry: NNGF outperforms 72.22% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.14
Debt/FCF N/A
Altman-Z 1.44
ROIC/WACC0.6
WACC6.89%
NNGF.DE Yearly LT Debt VS Equity VS FCFNNGF.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10B 20B 30B 40B

2.3 Liquidity

  • NNGF has a Current Ratio of 0.97. This is a bad value and indicates that NNGF is not financially healthy enough and could expect problems in meeting its short term obligations.
  • NNGF's Current ratio of 0.97 is in line compared to the rest of the industry. NNGF outperforms 55.56% of its industry peers.
  • A Quick Ratio of 0.90 indicates that NNGF may have some problems paying its short term obligations.
  • NNGF has a Quick ratio of 0.90. This is comparable to the rest of the industry: NNGF outperforms 55.56% of its industry peers.
Industry RankSector Rank
Current Ratio 0.97
Quick Ratio 0.9
NNGF.DE Yearly Current Assets VS Current LiabilitesNNGF.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B 20B

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4

3. NNGF.DE Growth Analysis

3.1 Past

  • The earnings per share for NNGF have decreased by -7.56% in the last year.
  • The Earnings Per Share has been growing slightly by 7.68% on average over the past years.
  • The Revenue has decreased by -9.52% in the past year.
  • Measured over the past years, NNGF shows a small growth in Revenue. The Revenue has been growing by 4.80% on average per year.
EPS 1Y (TTM)-7.56%
EPS 3Y9.11%
EPS 5Y7.68%
EPS Q2Q%6.05%
Revenue 1Y (TTM)-9.52%
Revenue growth 3Y0.21%
Revenue growth 5Y4.8%
Sales Q2Q%-11.25%

3.2 Future

  • NNGF is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 8.34% yearly.
  • The Revenue is expected to grow by 9.22% on average over the next years. This is quite good.
EPS Next Y9.1%
EPS Next 2Y10.83%
EPS Next 3Y10.07%
EPS Next 5Y8.34%
Revenue Next Year-6.61%
Revenue Next 2Y1.89%
Revenue Next 3Y3.99%
Revenue Next 5Y9.22%

3.3 Evolution

  • The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
NNGF.DE Yearly Revenue VS EstimatesNNGF.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 10B 20B 30B
NNGF.DE Yearly EPS VS EstimatesNNGF.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 0.2 0.4 0.6 0.8 1

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3

4. NNGF.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 17.17, the valuation of NNGF can be described as rather expensive.
  • Compared to the rest of the industry, the Price/Earnings ratio of NNGF indicates a somewhat cheap valuation: NNGF is cheaper than 66.67% of the companies listed in the same industry.
  • The average S&P500 Price/Earnings ratio is at 27.42. NNGF is valued slightly cheaper when compared to this.
  • Based on the Price/Forward Earnings ratio of 14.37, the valuation of NNGF can be described as correct.
  • Based on the Price/Forward Earnings ratio, NNGF is valued a bit cheaper than 72.22% of the companies in the same industry.
  • NNGF is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.24, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 17.17
Fwd PE 14.37
NNGF.DE Price Earnings VS Forward Price EarningsNNGF.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of NNGF indicates a slightly more expensive valuation: NNGF is more expensive than 72.22% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 13.32
NNGF.DE Per share dataNNGF.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 4 6 8

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates NNGF does not grow enough to justify the current Price/Earnings ratio.
  • The decent profitability rating of NNGF may justify a higher PE ratio.
PEG (NY)1.89
PEG (5Y)2.24
EPS Next 2Y10.83%
EPS Next 3Y10.07%

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5

5. NNGF.DE Dividend Analysis

5.1 Amount

  • NNGF has a Yearly Dividend Yield of 3.67%.
  • Compared to an average industry Dividend Yield of 3.86, NNGF has a dividend in line with its industry peers.
  • NNGF's Dividend Yield is rather good when compared to the S&P500 average which is at 1.81.
Industry RankSector Rank
Dividend Yield 3.67%

5.2 History

  • On average, the dividend of NNGF grows each year by 10.55%, which is quite nice.
Dividend Growth(5Y)10.55%
Div Incr Years0
Div Non Decr Years0
NNGF.DE Yearly Dividends per shareNNGF.DE Yearly Dividends per shareYearly Dividends per share 2018 2020 2021 2022 2023 2024 2025 0.1 0.2 0.3 0.4 0.5

5.3 Sustainability

  • 56.13% of the earnings are spent on dividend by NNGF. This is a bit on the high side, but may be sustainable.
  • The dividend of NNGF is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP56.13%
EPS Next 2Y10.83%
EPS Next 3Y10.07%
NNGF.DE Yearly Income VS Free CF VS DividendNNGF.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B 4B 6B
NNGF.DE Dividend Payout.NNGF.DE Dividend Payout, showing the Payout Ratio.NNGF.DE Dividend Payout.PayoutRetained Earnings

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NNGF.DE Fundamentals: All Metrics, Ratios and Statistics

NATIONAL GRID PLC

FRA:NNGF (4/24/2026, 7:00:00 PM)

14.94

+0.12 (+0.81%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryMulti-Utilities
Earnings (Last)11-06
Earnings (Next)05-14
Inst Owners55.65%
Inst Owner ChangeN/A
Ins Owners0.1%
Ins Owner ChangeN/A
Market Cap74.30B
Revenue(TTM)17.48B
Net Income(TTM)2.87B
Analysts75.83
Price Target15.83 (5.96%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.67%
Yearly Dividend0.41
Dividend Growth(5Y)10.55%
DP56.13%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)7.19%
PT rev (3m)9.62%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0.11%
EPS NY rev (3m)-0.05%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.18%
Revenue NY rev (3m)0.09%
Valuation
Industry RankSector Rank
PE 17.17
Fwd PE 14.37
P/S 3.68
P/FCF N/A
P/OCF 8.15
P/B 1.73
P/tB 2.66
EV/EBITDA 13.32
EPS(TTM)0.87
EY5.82%
EPS(NY)1.04
Fwd EY6.96%
FCF(TTM)-0.44
FCFYN/A
OCF(TTM)1.83
OCFY12.27%
SpS4.06
BVpS8.64
TBVpS5.62
PEG (NY)1.89
PEG (5Y)2.24
Graham Number13.0029 (-12.97%)
Profitability
Industry RankSector Rank
ROA 2.77%
ROE 7.72%
ROCE 5.47%
ROIC 4.11%
ROICexc 4.29%
ROICexgc 5.01%
OM 29.57%
PM (TTM) 16.43%
GM 87.92%
FCFM N/A
ROA(3y)4.49%
ROA(5y)3.68%
ROE(3y)13.91%
ROE(5y)11.98%
ROIC(3y)4.25%
ROIC(5y)4.02%
ROICexc(3y)4.48%
ROICexc(5y)4.23%
ROICexgc(3y)5.3%
ROICexgc(5y)5%
ROCE(3y)5.75%
ROCE(5y)5.44%
ROICexgc growth 3Y-2.54%
ROICexgc growth 5Y-0.66%
ROICexc growth 3Y-0.77%
ROICexc growth 5Y-1.18%
OM growth 3Y9.26%
OM growth 5Y3.21%
PM growth 3Y7.01%
PM growth 5Y12.68%
GM growth 3Y1.78%
GM growth 5Y0.92%
F-Score5
Asset Turnover0.17
Health
Industry RankSector Rank
Debt/Equity 1.14
Debt/FCF N/A
Debt/EBITDA 5.5
Cap/Depr 387.71%
Cap/Sales 55.95%
Interest Coverage 2.7
Cash Conversion 102.64%
Profit Quality N/A
Current Ratio 0.97
Quick Ratio 0.9
Altman-Z 1.44
F-Score5
WACC6.89%
ROIC/WACC0.6
Cap/Depr(3y)361.46%
Cap/Depr(5y)334.74%
Cap/Sales(3y)40%
Cap/Sales(5y)37.08%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-7.56%
EPS 3Y9.11%
EPS 5Y7.68%
EPS Q2Q%6.05%
EPS Next Y9.1%
EPS Next 2Y10.83%
EPS Next 3Y10.07%
EPS Next 5Y8.34%
Revenue 1Y (TTM)-9.52%
Revenue growth 3Y0.21%
Revenue growth 5Y4.8%
Sales Q2Q%-11.25%
Revenue Next Year-6.61%
Revenue Next 2Y1.89%
Revenue Next 3Y3.99%
Revenue Next 5Y9.22%
EBIT growth 1Y-1.73%
EBIT growth 3Y9.49%
EBIT growth 5Y8.16%
EBIT Next Year53.5%
EBIT Next 3Y24.93%
EBIT Next 5Y19.13%
FCF growth 1Y-629.77%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y8.99%
OCF growth 3Y2.21%
OCF growth 5Y7.68%

NATIONAL GRID PLC / NNGF.DE Fundamental Analysis FAQ

What is the fundamental rating for NNGF stock?

ChartMill assigns a fundamental rating of 4 / 10 to NNGF.DE.


What is the valuation status for NNGF stock?

ChartMill assigns a valuation rating of 3 / 10 to NATIONAL GRID PLC (NNGF.DE). This can be considered as Overvalued.


Can you provide the profitability details for NATIONAL GRID PLC?

NATIONAL GRID PLC (NNGF.DE) has a profitability rating of 7 / 10.


What is the financial health of NATIONAL GRID PLC (NNGF.DE) stock?

The financial health rating of NATIONAL GRID PLC (NNGF.DE) is 2 / 10.


What is the expected EPS growth for NATIONAL GRID PLC (NNGF.DE) stock?

The Earnings per Share (EPS) of NATIONAL GRID PLC (NNGF.DE) is expected to grow by 9.1% in the next year.