NATIONAL GRID PLC (NNGF.DE) Stock Fundamental Analysis
FRA:NNGF - Deutsche Boerse Ag - GB00BDR05C01 - Common Stock - Currency: EUR
Overall NNGF gets a fundamental rating of 4 out of 10. We evaluated NNGF against 13 industry peers in the Multi-Utilities industry. NNGF has only an average score on both its financial health and profitability. NNGF is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year NNGF was profitable.
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
NNGF has a Return On Assets (2.72%) which is comparable to the rest of the industry.
With a Return On Equity value of 7.68%, NNGF is not doing good in the industry: 84.62% of the companies in the same industry are doing better.
The Return On Invested Capital of NNGF (3.70%) is worse 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
NNGF has a Profit Margin of 15.79%. This is amongst the best in the industry. NNGF outperforms 100.00% of its industry peers.
In the last couple of years the Profit Margin of NNGF has grown nicely.
NNGF's Operating Margin of 25.74% is amongst the best of the industry. NNGF outperforms 100.00% of its industry peers.
In the last couple of years the Operating Margin of NNGF has grown nicely.
| 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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so NNGF is destroying value.
Compared to 1 year ago, NNGF has more shares outstanding
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 0.97. 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 0.97 is in line compared to the rest of the industry. NNGF outperforms 53.85% of its industry peers.
NNGF has a Debt/Equity ratio of 1.13. This is a high value indicating a heavy dependency on external financing.
With an excellent Debt to Equity ratio value of 1.13, NNGF belongs to the best of the industry, outperforming 84.62% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.13 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.97 |
ROIC/WACC0.85
WACC4.36%
2.3 Liquidity
A Current Ratio of 1.35 indicates that NNGF should not have too much problems paying its short term obligations.
NNGF's Current ratio of 1.35 is amongst the best of 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.
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.
The Earnings Per Share has been growing slightly by 5.87% on average over the past years.
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
Based on estimates for the next years, NNGF will show a small growth in Earnings Per Share. The EPS will grow by 7.31% on average per year.
NNGF is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.66% yearly.
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
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
NNGF is valuated correctly with a Price/Earnings ratio of 14.14.
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 (26.53), we can say NNGF is valued slightly cheaper.
The Price/Forward Earnings ratio is 13.48, which indicates a correct valuation of NNGF.
NNGF's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. NNGF is more expensive than 61.54% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.27, NNGF is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.14 | ||
| Fwd PE | 13.48 |
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 | 6.52 |
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.
PEG (NY)2.91
PEG (5Y)2.41
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.
The dividend of NNGF is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP52.69%
EPS Next 2Y6.96%
EPS Next 3Y8.14%
FRA:NNGF (6/9/2025, 7:00:00 PM)
12.3
-0.2 (-1.6%)
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 Cap12.06B
Analysts80
Price Target14.18 (15.28%)
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 | 14.14 | ||
| Fwd PE | 13.48 | ||
| P/S | 0.55 | ||
| P/FCF | N/A | ||
| P/OCF | 1.52 | ||
| P/B | 0.27 | ||
| P/tB | 0.41 | ||
| EV/EBITDA | 6.52 |
EPS(TTM)0.87
EY7.07%
EPS(NY)0.91
Fwd EY7.42%
FCF(TTM)-3.17
FCFYN/A
OCF(TTM)8.09
OCFY65.81%
SpS22.25
BVpS45.78
TBVpS29.92
PEG (NY)2.91
PEG (5Y)2.41
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 | 0.97 |
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%