NATIONAL GRID PLC (NNGF.DE) Stock Fundamental Analysis
Europe - Frankfurt Stock Exchange - FRA:NNGF - GB00BDR05C01 - Common Stock
13.1 EUR
+0.1 (+0.77%)
Taking everything into account, NNGF scores 4 out of 10 in our fundamental rating. NNGF was compared to 17 industry peers in the Multi-Utilities industry. There are concerns on the financial health of NNGF while its profitability can be described as average. 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.
In the past year NNGF had a positive cash flow from operations.
In the past 5 years NNGF has always been profitable.
In the past 5 years NNGF always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of NNGF (2.77%) is comparable to the rest of the industry.
The Return On Equity of NNGF (7.72%) is worse than 82.35% of its industry peers.
NNGF's Return On Invested Capital of 4.11% is on the low side compared to the rest of the industry. NNGF is outperformed by 76.47% of its industry peers.
The Average Return On Invested Capital over the past 3 years for NNGF is in line with the industry average of 6.16%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.77% | ||
| ROE | 7.72% | ||
| ROIC | 4.11% |
ROA(3y)4.49%
ROA(5y)3.68%
ROE(3y)13.91%
ROE(5y)11.98%
ROIC(3y)4.25%
ROIC(5y)4.02%
1.3 Margins
NNGF has a better Profit Margin (16.43%) than 100.00% of its industry peers.
NNGF's Profit Margin has improved in the last couple of years.
With an excellent Operating Margin value of 29.57%, NNGF belongs to the best 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.
NNGF has a Gross Margin of 87.92%. This is amongst the best in the industry. NNGF outperforms 94.12% of its industry peers.
In the last couple of years the Gross Margin of NNGF has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 29.57% | ||
| PM (TTM) | 16.43% | ||
| GM | 87.92% |
OM growth 3Y9.26%
OM growth 5Y3.21%
PM growth 3Y7.01%
PM growth 5Y12.68%
GM growth 3Y1.78%
GM growth 5Y0.92%
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
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's Altman-Z score of 0.97 is on the low side compared to the rest of the industry. NNGF is outperformed by 64.71% of its industry peers.
NNGF has a Debt/Equity ratio of 1.14. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 1.14, NNGF belongs to the top of the industry, outperforming 82.35% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.14 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.97 |
ROIC/WACC0.93
WACC4.4%
2.3 Liquidity
A Current Ratio of 0.97 indicates that NNGF may have some problems paying its short term obligations.
NNGF has a Current ratio of 0.97. This is in the better half of the industry: NNGF outperforms 64.71% of its industry peers.
NNGF has a Quick Ratio of 0.97. This is a bad value and indicates that NNGF is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.90, NNGF is in the better half of the industry, outperforming 64.71% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.97 | ||
| Quick Ratio | 0.9 |
3. Growth
3.1 Past
The earnings per share for NNGF have decreased by -7.56% in the last year.
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 -9.52% in the past year.
The Revenue has been growing slightly by 4.80% on average over the past years.
EPS 1Y (TTM)-7.56%
EPS 3Y6.08%
EPS 5Y5.87%
EPS Q2Q%6.05%
Revenue 1Y (TTM)-9.52%
Revenue growth 3Y0.21%
Revenue growth 5Y4.8%
Sales Q2Q%-11.25%
3.2 Future
The Earnings Per Share is expected to grow by 7.98% on average over the next years.
NNGF is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.80% yearly.
EPS Next Y8.09%
EPS Next 2Y10.77%
EPS Next 3Y8.76%
EPS Next 5Y7.98%
Revenue Next Year-6.8%
Revenue Next 2Y1.94%
Revenue Next 3Y4.01%
Revenue Next 5Y7.8%
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 15.23, NNGF is valued correctly.
Compared to the rest of the industry, the Price/Earnings ratio of NNGF indicates a slightly more expensive valuation: NNGF is more expensive than 64.71% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of NNGF to the average of the S&P500 Index (26.34), we can say NNGF is valued slightly cheaper.
NNGF is valuated correctly with a Price/Forward Earnings ratio of 12.74.
NNGF's Price/Forward Earnings ratio is in line with the industry average.
NNGF's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 23.56.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.23 | ||
| Fwd PE | 12.74 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as NNGF.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 6.51 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
NNGF has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)1.88
PEG (5Y)2.59
EPS Next 2Y10.77%
EPS Next 3Y8.76%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.13%, NNGF is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 4.64, NNGF has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.31, NNGF pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.13% |
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
NNGF pays out 56.13% 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.
DP56.13%
EPS Next 2Y10.77%
EPS Next 3Y8.76%
FRA:NNGF (12/8/2025, 7:00:00 PM)
13.1
+0.1 (+0.77%)
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 Cap13.00B
Revenue(TTM)17.48B
Net Income(TTM)2.87B
Analysts78.33
Price Target13.99 (6.79%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.13% |
Yearly Dividend0.41
Dividend Growth(5Y)10.55%
DP56.13%
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)1.42%
PT rev (3m)0.64%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0.73%
EPS NY rev (3m)-0.31%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.07%
Revenue NY rev (3m)-1.79%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.23 | ||
| Fwd PE | 12.74 | ||
| P/S | 0.65 | ||
| P/FCF | N/A | ||
| P/OCF | 1.44 | ||
| P/B | 0.31 | ||
| P/tB | 0.47 | ||
| EV/EBITDA | 6.51 |
EPS(TTM)0.86
EY6.56%
EPS(NY)1.03
Fwd EY7.85%
FCF(TTM)-2.17
FCFYN/A
OCF(TTM)9.1
OCFY69.45%
SpS20.14
BVpS42.85
TBVpS27.86
PEG (NY)1.88
PEG (5Y)2.59
Graham Number28.8
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.77% | ||
| ROE | 7.72% | ||
| ROCE | 5.47% | ||
| ROIC | 4.11% | ||
| ROICexc | 4.29% | ||
| ROICexgc | 5.01% | ||
| OM | 29.57% | ||
| PM (TTM) | 16.43% | ||
| GM | 87.92% | ||
| FCFM | N/A |
ROA(3y)4.49%
ROA(5y)3.68%
ROE(3y)13.91%
ROE(5y)11.98%
ROIC(3y)4.25%
ROIC(5y)4.02%
ROICexc(3y)4.48%
ROICexc(5y)4.23%
ROICexgc(3y)5.3%
ROICexgc(5y)5%
ROCE(3y)5.75%
ROCE(5y)5.44%
ROICexgc growth 3Y-2.54%
ROICexgc growth 5Y-0.66%
ROICexc growth 3Y-0.77%
ROICexc growth 5Y-1.18%
OM growth 3Y9.26%
OM growth 5Y3.21%
PM growth 3Y7.01%
PM growth 5Y12.68%
GM growth 3Y1.78%
GM growth 5Y0.92%
F-Score5
Asset Turnover0.17
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.14 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 5.5 | ||
| Cap/Depr | 387.71% | ||
| Cap/Sales | 55.95% | ||
| Interest Coverage | 2.7 | ||
| Cash Conversion | 102.64% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.97 | ||
| Quick Ratio | 0.9 | ||
| Altman-Z | 0.97 |
F-Score5
WACC4.4%
ROIC/WACC0.93
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)-7.56%
EPS 3Y6.08%
EPS 5Y5.87%
EPS Q2Q%6.05%
EPS Next Y8.09%
EPS Next 2Y10.77%
EPS Next 3Y8.76%
EPS Next 5Y7.98%
Revenue 1Y (TTM)-9.52%
Revenue growth 3Y0.21%
Revenue growth 5Y4.8%
Sales Q2Q%-11.25%
Revenue Next Year-6.8%
Revenue Next 2Y1.94%
Revenue Next 3Y4.01%
Revenue Next 5Y7.8%
EBIT growth 1Y-1.73%
EBIT growth 3Y9.49%
EBIT growth 5Y8.16%
EBIT Next Year54%
EBIT Next 3Y25.05%
EBIT Next 5Y18.91%
FCF growth 1Y-629.77%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y8.99%
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 3 / 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 8.09% 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 56.13%.