NATIONAL GRID PLC (NNGF.DE) Stock Fundamental Analysis
FRA:NNGF - GB00BDR05C01 - Common Stock
12.2 EUR
0 (0%)
We assign a fundamental rating of 4 out of 10 to NNGF. NNGF was compared to 13 industry peers in the Multi-Utilities industry. NNGF has a medium profitability rating, but doesn't score so well on its financial health evaluation. NNGF is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
NNGF had positive earnings in the past year.
NNGF had a positive operating cash flow in the past year.
NNGF had positive earnings in each of the past 5 years.
Each year in the past 5 years NNGF had a positive operating cash flow.
1.2 Ratios
With a Return On Assets value of 2.72%, NNGF is not doing good in the industry: 61.54% of the companies in the same industry are doing better.
NNGF has a worse Return On Equity (7.68%) than 84.62% of its industry peers.
The Return On Invested Capital of NNGF (3.84%) is worse than 92.31% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for NNGF is below the industry average of 6.71%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.72% | ||
| ROE | 7.68% | ||
| ROIC | 3.84% |
ROA(3y)4.49%
ROA(5y)3.68%
ROE(3y)13.91%
ROE(5y)11.98%
ROIC(3y)4.29%
ROIC(5y)4.05%
1.3 Margins
Looking at the Profit Margin, with a value of 15.79%, NNGF belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
NNGF's Profit Margin has improved in the last couple of years.
The Operating Margin of NNGF (26.72%) is better than 100.00% of its industry peers.
NNGF's Operating Margin has improved in the last couple of years.
The Gross Margin of NNGF (83.64%) is better than 100.00% of its industry peers.
NNGF's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 26.72% | ||
| PM (TTM) | 15.79% | ||
| GM | 83.64% |
OM growth 3Y10.3%
OM growth 5Y3.8%
PM growth 3Y7.01%
PM growth 5Y12.68%
GM growth 3Y1.78%
GM growth 5Y0.92%
2. Health
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.
The debt/assets ratio for NNGF has been reduced compared to a year ago.
2.2 Solvency
NNGF has an Altman-Z score of 0.98. This is a bad value and indicates that NNGF is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of NNGF (0.98) is comparable to the rest of the industry.
A Debt/Equity ratio of 1.13 is on the high side and indicates that NNGF has dependencies on debt financing.
NNGF has a better Debt to Equity ratio (1.13) than 76.92% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.13 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.98 |
ROIC/WACC0.89
WACC4.31%
2.3 Liquidity
A Current Ratio of 1.35 indicates that NNGF should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.35, NNGF belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
A Quick Ratio of 1.30 indicates that NNGF should not have too much problems paying its short term obligations.
With an excellent Quick ratio value of 1.30, NNGF belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.35 | ||
| Quick Ratio | 1.3 |
3. Growth
3.1 Past
NNGF shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -4.95%.
NNGF shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 5.87% yearly.
Looking at the last year, NNGF shows a decrease in Revenue. The Revenue has decreased by -7.42% in the last year.
The Revenue has been growing slightly by 4.80% on average over the past years.
EPS 1Y (TTM)-4.95%
EPS 3Y6.08%
EPS 5Y5.87%
EPS Q2Q%-14.77%
Revenue 1Y (TTM)-7.42%
Revenue growth 3Y0.21%
Revenue growth 5Y4.8%
Sales Q2Q%-8.31%
3.2 Future
NNGF is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 7.47% yearly.
Based on estimates for the next years, NNGF will show a small growth in Revenue. The Revenue will grow by 7.47% on average per year.
EPS Next Y8.43%
EPS Next 2Y10.25%
EPS Next 3Y8.16%
EPS Next 5Y7.47%
Revenue Next Year-5.1%
Revenue Next 2Y2.19%
Revenue Next 3Y3.94%
Revenue Next 5Y7.47%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 14.35, NNGF is valued correctly.
NNGF's Price/Earnings ratio is a bit more expensive when compared to the industry. NNGF is more expensive than 76.92% of the companies in the same industry.
When comparing the Price/Earnings ratio of NNGF to the average of the S&P500 Index (27.03), we can say NNGF is valued slightly cheaper.
NNGF is valuated correctly with a Price/Forward Earnings ratio of 13.29.
NNGF's Price/Forward Earnings ratio is rather expensive when compared to the industry. NNGF is more expensive than 84.62% of the companies in the same industry.
NNGF is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.63, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.35 | ||
| Fwd PE | 13.29 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, NNGF is valued a bit more expensive than 69.23% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 6.13 |
4.3 Compensation for Growth
NNGF's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
NNGF has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)1.7
PEG (5Y)2.44
EPS Next 2Y10.25%
EPS Next 3Y8.16%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.41%, NNGF is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 5.25, NNGF is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 2.34, NNGF pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.41% |
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
5.3 Sustainability
NNGF pays out 52.69% of its income as dividend. This is a bit on the high side, but may be sustainable.
NNGF's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP52.69%
EPS Next 2Y10.25%
EPS Next 3Y8.16%
FRA:NNGF (8/25/2025, 7:00:00 PM)
12.2
0 (0%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryMulti-Utilities
Earnings (Last)
Earnings (Next)
Inst Owners65.29%
Inst Owner ChangeN/A
Ins Owners0.09%
Ins Owner ChangeN/A
Market Cap12.11B
Analysts80
Price Target13.82 (13.28%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.41% |
Yearly Dividend0.41
Dividend Growth(5Y)10.55%
DP52.69%
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)-2.07%
PT rev (3m)1.06%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)3.4%
EPS NY rev (3m)3.4%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-5.04%
Revenue NY rev (3m)-5.04%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.35 | ||
| Fwd PE | 13.29 | ||
| P/S | 0.57 | ||
| P/FCF | N/A | ||
| P/OCF | 1.57 | ||
| P/B | 0.28 | ||
| P/tB | 0.42 | ||
| EV/EBITDA | 6.13 |
EPS(TTM)0.85
EY6.97%
EPS(NY)0.92
Fwd EY7.52%
FCF(TTM)-3.05
FCFYN/A
OCF(TTM)7.78
OCFY63.78%
SpS21.39
BVpS44
TBVpS28.76
PEG (NY)1.7
PEG (5Y)2.44
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.72% | ||
| ROE | 7.68% | ||
| ROCE | 5.11% | ||
| ROIC | 3.84% | ||
| ROICexc | 4.14% | ||
| ROICexgc | 4.85% | ||
| OM | 26.72% | ||
| PM (TTM) | 15.79% | ||
| GM | 83.64% | ||
| FCFM | N/A |
ROA(3y)4.49%
ROA(5y)3.68%
ROE(3y)13.91%
ROE(5y)11.98%
ROIC(3y)4.29%
ROIC(5y)4.05%
ROICexc(3y)4.52%
ROICexc(5y)4.25%
ROICexgc(3y)5.34%
ROICexgc(5y)5.03%
ROCE(3y)5.8%
ROCE(5y)5.47%
ROICexcg growth 3Y-1.61%
ROICexcg growth 5Y-0.1%
ROICexc growth 3Y0.17%
ROICexc growth 5Y-0.62%
OM growth 3Y10.3%
OM growth 5Y3.8%
PM growth 3Y7.01%
PM growth 5Y12.68%
GM growth 3Y1.78%
GM growth 5Y0.92%
F-Score6
Asset Turnover0.17
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.13 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 5.8 | ||
| Cap/Depr | 375.39% | ||
| Cap/Sales | 50.64% | ||
| Interest Coverage | 2.56 | ||
| Cash Conversion | 90.46% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.35 | ||
| Quick Ratio | 1.3 | ||
| Altman-Z | 0.98 |
F-Score6
WACC4.31%
ROIC/WACC0.89
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)-4.95%
EPS 3Y6.08%
EPS 5Y5.87%
EPS Q2Q%-14.77%
EPS Next Y8.43%
EPS Next 2Y10.25%
EPS Next 3Y8.16%
EPS Next 5Y7.47%
Revenue 1Y (TTM)-7.42%
Revenue growth 3Y0.21%
Revenue growth 5Y4.8%
Sales Q2Q%-8.31%
Revenue Next Year-5.1%
Revenue Next 2Y2.19%
Revenue Next 3Y3.94%
Revenue Next 5Y7.47%
EBIT growth 1Y-17.5%
EBIT growth 3Y10.53%
EBIT growth 5Y8.77%
EBIT Next Year53.93%
EBIT Next 3Y24.46%
EBIT Next 5Y17.7%
FCF growth 1Y-381.8%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-3.24%
OCF growth 3Y2.21%
OCF growth 5Y7.68%