NATIONAL GRID PLC (NNGF.DE) Stock Fundamental Analysis
FRA:NNGF - Deutsche Boerse Ag - GB00BDR05C01 - Common Stock - Currency: EUR
Taking everything into account, NNGF scores 4 out of 10 in our fundamental rating. NNGF was compared to 13 industry peers in the Multi-Utilities industry. NNGF has only an average score on both its financial health and profitability. While showing a medium growth rate, NNGF is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
NNGF had positive earnings in the past year.
In the past year NNGF had a positive cash flow from operations.
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
NNGF has a Return On Assets (2.72%) which is comparable to the rest of the industry.
NNGF's Return On Equity of 7.68% is on the low side compared to the rest of the industry. NNGF is outperformed by 84.62% of its industry peers.
NNGF has a worse Return On Invested Capital (3.70%) than 92.31% of its industry peers.
The Average Return On Invested Capital over the past 3 years for NNGF is below the industry average of 6.45%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.72% | ||
| ROE | 7.68% | ||
| ROIC | 3.7% |
ROA(3y)4.49%
ROA(5y)3.68%
ROE(3y)13.91%
ROE(5y)11.98%
ROIC(3y)4.19%
ROIC(5y)3.99%
1.3 Margins
The Profit Margin of NNGF (15.79%) is better than 100.00% of its industry peers.
In the last couple of years the Profit Margin of NNGF has grown nicely.
Looking at the Operating Margin, with a value of 25.74%, NNGF belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
NNGF's Operating Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 25.74% | ||
| PM (TTM) | 15.79% | ||
| GM | N/A |
OM growth 3Y6.7%
OM growth 5Y1.75%
PM growth 3Y7.01%
PM growth 5Y12.68%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
NNGF has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, NNGF has more shares outstanding
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.
NNGF has a Debt/Equity ratio of 1.13. This is a high value indicating a heavy dependency on external financing.
NNGF has a better Debt to Equity ratio (1.13) than 84.62% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.13 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.98 |
ROIC/WACC0.85
WACC4.36%
2.3 Liquidity
NNGF has a Current Ratio of 1.35. This is a normal value and indicates that NNGF is financially healthy and should not expect problems in meeting its short term obligations.
NNGF has a Current ratio of 1.35. This is amongst the best in the industry. NNGF outperforms 100.00% of its industry peers.
NNGF has a Quick Ratio of 1.30. This is a normal value and indicates that NNGF is financially healthy and should not expect problems in meeting its short term obligations.
NNGF has a better Quick ratio (1.30) than 100.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.35 | ||
| Quick Ratio | 1.3 |
3. Growth
3.1 Past
The earnings per share for NNGF have decreased by -4.95% in the last year.
The Earnings Per Share has been growing slightly by 5.87% on average over the past years.
NNGF shows a decrease in Revenue. In the last year, the revenue decreased by -7.42%.
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
The Earnings Per Share is expected to grow by 7.31% on average over the next years.
The Revenue is expected to grow by 7.66% on average over the next years.
EPS Next Y4.87%
EPS Next 2Y6.96%
EPS Next 3Y8.14%
EPS Next 5Y7.31%
Revenue Next Year0.86%
Revenue Next 2Y6.45%
Revenue Next 3Y5.7%
Revenue Next 5Y7.66%
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
A Price/Earnings ratio of 14.42 indicates a correct valuation of NNGF.
Based on the Price/Earnings ratio, NNGF is valued a bit more expensive than the industry average as 76.92% of the companies are valued more cheaply.
When comparing the Price/Earnings ratio of NNGF to the average of the S&P500 Index (26.55), we can say NNGF is valued slightly cheaper.
Based on the Price/Forward Earnings ratio of 13.67, the valuation of NNGF can be described as correct.
61.54% of the companies in the same industry are cheaper than NNGF, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of NNGF to the average of the S&P500 Index (22.40), we can say NNGF is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.42 | ||
| Fwd PE | 13.67 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, NNGF is valued expensively inside the industry as 84.62% of the companies are valued cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 6.54 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
PEG (NY)2.96
PEG (5Y)2.45
EPS Next 2Y6.96%
EPS Next 3Y8.14%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.51%, NNGF is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 5.13, 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 2.39.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.51% |
5.2 History
The dividend of NNGF is nicely growing with an annual growth rate of 10.55%!
Dividend Growth(5Y)10.55%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
52.69% of the earnings are spent on dividend by NNGF. 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 2Y6.96%
EPS Next 3Y8.14%
FRA:NNGF (6/11/2025, 7:00:00 PM)
12.4
+0.1 (+0.81%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryMulti-Utilities
Earnings (Last)
Earnings (Next)
Inst Owners63.21%
Inst Owner ChangeN/A
Ins Owners0.15%
Ins Owner ChangeN/A
Market Cap12.16B
Analysts80
Price Target14.18 (14.35%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.51% |
Yearly Dividend0.42
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)3.69%
PT rev (3m)-0.04%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-0.78%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.05%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.42 | ||
| Fwd PE | 13.67 | ||
| P/S | 0.56 | ||
| P/FCF | N/A | ||
| P/OCF | 1.54 | ||
| P/B | 0.27 | ||
| P/tB | 0.42 | ||
| EV/EBITDA | 6.54 |
EPS(TTM)0.86
EY6.94%
EPS(NY)0.91
Fwd EY7.31%
FCF(TTM)-3.15
FCFYN/A
OCF(TTM)8.05
OCFY64.88%
SpS22.12
BVpS45.5
TBVpS29.73
PEG (NY)2.96
PEG (5Y)2.45
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.72% | ||
| ROE | 7.68% | ||
| ROCE | 4.92% | ||
| ROIC | 3.7% | ||
| ROICexc | 3.98% | ||
| ROICexgc | 4.67% | ||
| OM | 25.74% | ||
| PM (TTM) | 15.79% | ||
| GM | N/A | ||
| FCFM | N/A |
ROA(3y)4.49%
ROA(5y)3.68%
ROE(3y)13.91%
ROE(5y)11.98%
ROIC(3y)4.19%
ROIC(5y)3.99%
ROICexc(3y)4.41%
ROICexc(5y)4.19%
ROICexgc(3y)5.23%
ROICexgc(5y)4.96%
ROCE(3y)5.63%
ROCE(5y)5.37%
ROICexcg growth 3Y-3.9%
ROICexcg growth 5Y-1.49%
ROICexc growth 3Y-2.29%
ROICexc growth 5Y-2.09%
OM growth 3Y6.7%
OM growth 5Y1.75%
PM growth 3Y7.01%
PM growth 5Y12.68%
GM growth 3YN/A
GM growth 5YN/A
F-Score7
Asset Turnover0.17
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.13 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 6.21 | ||
| Cap/Depr | 427.86% | ||
| Cap/Sales | 50.64% | ||
| Interest Coverage | 2.46 | ||
| Cash Conversion | 96.81% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.35 | ||
| Quick Ratio | 1.3 | ||
| Altman-Z | 0.98 |
F-Score7
WACC4.36%
ROIC/WACC0.85
Cap/Depr(3y)378.95%
Cap/Depr(5y)345.24%
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 Y4.87%
EPS Next 2Y6.96%
EPS Next 3Y8.14%
EPS Next 5Y7.31%
Revenue 1Y (TTM)-7.42%
Revenue growth 3Y0.21%
Revenue growth 5Y4.8%
Sales Q2Q%-8.31%
Revenue Next Year0.86%
Revenue Next 2Y6.45%
Revenue Next 3Y5.7%
Revenue Next 5Y7.66%
EBIT growth 1Y-20.54%
EBIT growth 3Y6.93%
EBIT growth 5Y6.64%
EBIT Next Year53.93%
EBIT Next 3Y24.4%
EBIT Next 5Y17.59%
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%