NATIONAL GRID PLC (NNGF.DE) Stock Fundamental Analysis
FRA:NNGF - Deutsche Boerse Ag - GB00BDR05C01 - Common Stock - Currency: EUR
NNGF gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 13 industry peers in the Multi-Utilities industry. NNGF has an average financial health and profitability rating. 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.
NNGF had a positive operating cash flow in the past year.
In the past 5 years NNGF has always been profitable.
NNGF had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of NNGF (2.72%) 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.
Measured over the past 3 years, the Average Return On Invested Capital 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 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 (25.74%) is better than 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
NNGF has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
NNGF has more shares outstanding than it did 1 year ago.
The number of shares outstanding for NNGF has been increased compared to 5 years ago.
The debt/assets ratio for NNGF has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 0.97, we must say that NNGF is in the distress zone and has some risk of bankruptcy.
NNGF has a Altman-Z score of 0.97. This is comparable 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.
The Current ratio of NNGF (1.35) is better than 100.00% of its industry peers.
A Quick Ratio of 1.30 indicates that NNGF should not have too much problems paying its short term obligations.
NNGF has a Quick ratio of 1.30. This is amongst the best in the industry. NNGF outperforms 100.00% of its industry peers.
| 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%.
Measured over the past 5 years, NNGF shows a small growth in Earnings Per Share. The EPS has been growing by 5.87% on average per year.
The Revenue has decreased by -7.42% in the past year.
NNGF shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.80% yearly.
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.
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
NNGF is valuated correctly with a Price/Earnings ratio of 14.25.
76.92% of the companies in the same industry are cheaper than NNGF, based on the Price/Earnings ratio.
NNGF's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.55.
With a Price/Forward Earnings ratio of 13.65, NNGF is valued correctly.
Compared to the rest of the industry, the Price/Forward Earnings ratio of NNGF is on the same level as its industry peers.
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 | 14.25 | ||
| Fwd PE | 13.65 |
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 | 6.53 |
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)2.93
PEG (5Y)2.43
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
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.
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 (6/11/2025, 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 | 14.25 | ||
| Fwd PE | 13.65 | ||
| P/S | 0.56 | ||
| P/FCF | N/A | ||
| P/OCF | 1.54 | ||
| P/B | 0.27 | ||
| P/tB | 0.42 | ||
| EV/EBITDA | 6.53 |
EPS(TTM)0.87
EY7.02%
EPS(NY)0.91
Fwd EY7.32%
FCF(TTM)-3.16
FCFYN/A
OCF(TTM)8.06
OCFY64.97%
SpS22.15
BVpS45.56
TBVpS29.78
PEG (NY)2.93
PEG (5Y)2.43
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%