NATIONAL GRID PLC (NNGF.DE) Stock Fundamental Analysis
Europe - FRA:NNGF - GB00BDR05C01 - Common Stock
13.3 EUR
0 (0%)
We assign a fundamental rating of 4 out of 10 to NNGF. NNGF was compared to 15 industry peers in the Multi-Utilities industry. While NNGF is still in line with the averages on profitability rating, there are concerns on its financial health. NNGF is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year NNGF was profitable.
In the past year NNGF had a positive cash flow from operations.
Each year in the past 5 years NNGF has been profitable.
In the past 5 years NNGF always reported a positive cash flow from operatings.
1.2 Ratios
NNGF's Return On Assets of 2.72% is on the low side compared to the rest of the industry. NNGF is outperformed by 66.67% of its industry peers.
NNGF's Return On Equity of 7.68% is on the low side compared to the rest of the industry. NNGF is outperformed by 86.67% of its industry peers.
With a Return On Invested Capital value of 3.84%, NNGF is not doing good in the industry: 86.67% of the companies in the same industry are doing better.
NNGF had an Average Return On Invested Capital over the past 3 years of 4.29%. This is below the industry average of 6.38%.
| 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
NNGF has a better Profit Margin (15.79%) than 100.00% of its industry peers.
NNGF's Profit Margin has improved in the last couple of years.
The Operating Margin of NNGF (26.72%) is better than 93.33% of its industry peers.
In the last couple of years the Operating Margin of NNGF has grown nicely.
Looking at the Gross Margin, with a value of 83.64%, NNGF belongs to the top of the industry, outperforming 93.33% of the companies in the same industry.
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.
NNGF has more shares outstanding than it did 1 year ago.
NNGF has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, NNGF has an improved debt to assets ratio.
2.2 Solvency
NNGF has an Altman-Z score of 0.99. This is a bad value and indicates that NNGF is not financially healthy and even has some risk of bankruptcy.
NNGF's Altman-Z score of 0.99 is in line compared to the rest of the industry. NNGF outperforms 53.33% of its industry peers.
A Debt/Equity ratio of 1.13 is on the high side and indicates that NNGF has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 1.13, NNGF is in the better half of the industry, outperforming 80.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.13 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.99 |
ROIC/WACC0.87
WACC4.42%
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.
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.
The Quick ratio of NNGF (1.30) is better 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.
NNGF shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 5.87% yearly.
The Revenue has decreased by -7.42% in the past 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
The Earnings Per Share is expected to grow by 7.74% on average over the next years.
Based on estimates for the next years, NNGF will show a small growth in Revenue. The Revenue will grow by 7.50% on average per year.
EPS Next Y8.45%
EPS Next 2Y10.23%
EPS Next 3Y8.58%
EPS Next 5Y7.74%
Revenue Next Year-6.88%
Revenue Next 2Y1.49%
Revenue Next 3Y5.2%
Revenue Next 5Y7.5%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 16.02, the valuation of NNGF can be described as correct.
Compared to the rest of the industry, the Price/Earnings ratio of NNGF indicates a slightly more expensive valuation: NNGF is more expensive than 73.33% of the companies listed in the same industry.
NNGF's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 25.83.
The Price/Forward Earnings ratio is 14.73, which indicates a correct valuation of NNGF.
73.33% of the companies in the same industry are cheaper than NNGF, based on the Price/Forward Earnings ratio.
NNGF's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 32.68.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.02 | ||
| Fwd PE | 14.73 |
4.2 Price Multiples
60.00% of the companies in the same industry are cheaper than NNGF, based on the Enterprise Value to EBITDA ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 6.29 |
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.
NNGF has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)1.9
PEG (5Y)2.73
EPS Next 2Y10.23%
EPS Next 3Y8.58%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.07%, NNGF is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 4.84, NNGF is paying slightly less dividend.
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 | 4.07% |
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
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 2Y10.23%
EPS Next 3Y8.58%
FRA:NNGF (11/7/2025, 7:00:00 PM)
13.3
0 (0%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryMulti-Utilities
Earnings (Last)
Earnings (Next)
Inst Owners61.85%
Inst Owner ChangeN/A
Ins Owners0.1%
Ins Owner ChangeN/A
Market Cap13.20B
Revenue(TTM)18.38B
Net Income(TTM)2.90B
Analysts80
Price Target13.8 (3.76%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.07% |
Yearly Dividend0.4
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)-2.43%
PT rev (3m)-2.24%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)3.42%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2.1%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.02 | ||
| Fwd PE | 14.73 | ||
| P/S | 0.63 | ||
| P/FCF | N/A | ||
| P/OCF | 1.74 | ||
| P/B | 0.31 | ||
| P/tB | 0.47 | ||
| EV/EBITDA | 6.29 |
EPS(TTM)0.83
EY6.24%
EPS(NY)0.9
Fwd EY6.79%
FCF(TTM)-3
FCFYN/A
OCF(TTM)7.65
OCFY57.52%
SpS21.03
BVpS43.26
TBVpS28.27
PEG (NY)1.9
PEG (5Y)2.73
Graham Number28.42
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%
ROICexgc growth 3Y-1.61%
ROICexgc 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 | 0.99 |
F-Score6
WACC4.42%
ROIC/WACC0.87
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 Y8.45%
EPS Next 2Y10.23%
EPS Next 3Y8.58%
EPS Next 5Y7.74%
Revenue 1Y (TTM)-7.42%
Revenue growth 3Y0.21%
Revenue growth 5Y4.8%
Sales Q2Q%-8.31%
Revenue Next Year-6.88%
Revenue Next 2Y1.49%
Revenue Next 3Y5.2%
Revenue Next 5Y7.5%
EBIT growth 1Y-17.5%
EBIT growth 3Y10.53%
EBIT growth 5Y8.77%
EBIT Next Year53.87%
EBIT Next 3Y24.49%
EBIT Next 5Y17.72%
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%
NATIONAL GRID PLC / NNGF.DE 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 of NATIONAL GRID PLC (NNGF.DE) stock?
ChartMill assigns a valuation rating of 2 / 10 to NATIONAL GRID PLC (NNGF.DE). This can be considered as Overvalued.
How profitable is NATIONAL GRID PLC (NNGF.DE) stock?
NATIONAL GRID PLC (NNGF.DE) has a profitability rating of 6 / 10.
What is the earnings growth outlook for NATIONAL GRID PLC?
The Earnings per Share (EPS) of NATIONAL GRID PLC (NNGF.DE) is expected to grow by 8.45% in the next year.
Is the dividend of NATIONAL GRID PLC sustainable?
The dividend rating of NATIONAL GRID PLC (NNGF.DE) is 6 / 10 and the dividend payout ratio is 52.69%.