NATIONAL GRID PLC-SP ADR (NGG) Stock Fundamental Analysis

NYSE:NGG • US6362744095

93.77 USD
+0.05 (+0.05%)
At close: Feb 27, 2026
93.77 USD
0 (0%)
After Hours: 2/27/2026, 8:22:49 PM
Fundamental Rating

5

Taking everything into account, NGG scores 5 out of 10 in our fundamental rating. NGG was compared to 26 industry peers in the Multi-Utilities industry. NGG scores excellent on profitability, but there are concerns on its financial health. While showing a medium growth rate, NGG is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

  • NGG had positive earnings in the past year.
  • NGG had a positive operating cash flow in the past year.
  • Each year in the past 5 years NGG has been profitable.
  • In the past 5 years NGG always reported a positive cash flow from operatings.
NGG Yearly Net Income VS EBIT VS OCF VS FCFNGG Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B 4B 6B

1.2 Ratios

  • NGG has a better Return On Assets (2.77%) than 88.46% of its industry peers.
  • NGG has a worse Return On Equity (7.72%) than 65.38% of its industry peers.
  • The Return On Invested Capital of NGG (4.11%) is better than 76.92% of its industry peers.
  • NGG had an Average Return On Invested Capital over the past 3 years of 4.25%. This is in line with the industry average of 3.84%.
Industry RankSector 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%
NGG Yearly ROA, ROE, ROICNGG Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30

1.3 Margins

  • With an excellent Profit Margin value of 16.43%, NGG belongs to the best of the industry, outperforming 84.62% of the companies in the same industry.
  • In the last couple of years the Profit Margin of NGG has grown nicely.
  • NGG has a Operating Margin of 29.57%. This is amongst the best in the industry. NGG outperforms 96.15% of its industry peers.
  • NGG's Operating Margin has improved in the last couple of years.
  • NGG has a better Gross Margin (87.92%) than 92.31% of its industry peers.
  • NGG's Gross Margin has been stable in the last couple of years.
Industry RankSector 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%
NGG Yearly Profit, Operating, Gross MarginsNGG Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60 80

3

2. Health

2.1 Basic Checks

  • NGG has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • NGG has more shares outstanding than it did 1 year ago.
  • NGG has more shares outstanding than it did 5 years ago.
  • The debt/assets ratio for NGG has been reduced compared to a year ago.
NGG Yearly Shares OutstandingNGG Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M
NGG Yearly Total Debt VS Total AssetsNGG Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20B 40B 60B 80B 100B

2.2 Solvency

  • NGG has an Altman-Z score of 1.49. This is a bad value and indicates that NGG is not financially healthy and even has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of 1.49, NGG belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
  • NGG has a Debt/Equity ratio of 1.14. This is a high value indicating a heavy dependency on external financing.
  • NGG's Debt to Equity ratio of 1.14 is amongst the best of the industry. NGG outperforms 88.46% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.14
Debt/FCF N/A
Altman-Z 1.49
ROIC/WACC0.57
WACC7.22%
NGG Yearly LT Debt VS Equity VS FCFNGG Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10B 20B 30B 40B

2.3 Liquidity

  • NGG has a Current Ratio of 0.97. This is a bad value and indicates that NGG is not financially healthy enough and could expect problems in meeting its short term obligations.
  • NGG has a better Current ratio (0.97) than 61.54% of its industry peers.
  • A Quick Ratio of 0.90 indicates that NGG may have some problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 0.90, NGG is in the better half of the industry, outperforming 76.92% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.97
Quick Ratio 0.9
NGG Yearly Current Assets VS Current LiabilitesNGG Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B 20B

4

3. Growth

3.1 Past

  • NGG shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -7.56%.
  • Measured over the past 5 years, NGG shows a small growth in Earnings Per Share. The EPS has been growing by 7.68% on average per year.
  • NGG shows a decrease in Revenue. In the last year, the revenue decreased by -9.52%.
  • The Revenue has been growing slightly by 4.80% on average over the past years.
EPS 1Y (TTM)-7.56%
EPS 3Y9.11%
EPS 5Y7.68%
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 7.91% on average over the next years.
  • The Revenue is expected to grow by 8.79% on average over the next years. This is quite good.
EPS Next Y8.91%
EPS Next 2Y10.77%
EPS Next 3Y9.26%
EPS Next 5Y7.91%
Revenue Next Year-6.49%
Revenue Next 2Y1.92%
Revenue Next 3Y4.16%
Revenue Next 5Y8.79%

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 stable.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
NGG Yearly Revenue VS EstimatesNGG Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 10B 20B 30B
NGG Yearly EPS VS EstimatesNGG Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 1 2 3 4 5

3

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 18.64, which indicates a rather expensive current valuation of NGG.
  • NGG's Price/Earnings is on the same level as the industry average.
  • When comparing the Price/Earnings ratio of NGG to the average of the S&P500 Index (27.07), we can say NGG is valued slightly cheaper.
  • A Price/Forward Earnings ratio of 15.55 indicates a correct valuation of NGG.
  • 65.38% of the companies in the same industry are more expensive than NGG, based on the Price/Forward Earnings ratio.
  • The average S&P500 Price/Forward Earnings ratio is at 28.05. NGG is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 18.64
Fwd PE 15.55
NGG Price Earnings VS Forward Price EarningsNGG Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, NGG is valued more expensive than 80.77% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 14.02
NGG Per share dataNGG EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30 40 50

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates NGG does not grow enough to justify the current Price/Earnings ratio.
  • The decent profitability rating of NGG may justify a higher PE ratio.
PEG (NY)2.09
PEG (5Y)2.43
EPS Next 2Y10.77%
EPS Next 3Y9.26%

6

5. Dividend

5.1 Amount

  • NGG has a Yearly Dividend Yield of 3.41%.
  • NGG's Dividend Yield is a higher than the industry average which is at 3.64.
  • Compared to an average S&P500 Dividend Yield of 1.82, NGG pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.41%

5.2 History

  • On average, the dividend of NGG grows each year by 10.55%, which is quite nice.
  • NGG has been paying a dividend for at least 10 years, so it has a reliable track record.
  • NGG has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)10.55%
Div Incr Years3
Div Non Decr Years3
NGG Yearly Dividends per shareNGG Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2 4 6

5.3 Sustainability

  • NGG pays out 56.13% of its income as dividend. This is a bit on the high side, but may be sustainable.
  • NGG's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP56.13%
EPS Next 2Y10.77%
EPS Next 3Y9.26%
NGG Yearly Income VS Free CF VS DividendNGG Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B 4B 6B
NGG Dividend Payout.NGG Dividend Payout, showing the Payout Ratio.NGG Dividend Payout.PayoutRetained Earnings

NATIONAL GRID PLC-SP ADR

NYSE:NGG (2/27/2026, 8:22:49 PM)

After market: 93.77 0 (0%)

93.77

+0.05 (+0.05%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryMulti-Utilities
Earnings (Last)11-06
Earnings (Next)05-14
Inst Owners63.09%
Inst Owner Change6.56%
Ins Owners0.1%
Ins Owner ChangeN/A
Market Cap93.23B
Revenue(TTM)17.48B
Net Income(TTM)2.87B
Analysts78.33
Price Target86.59 (-7.66%)
Short Float %0.2%
Short Ratio2.69
Dividend
Industry RankSector Rank
Dividend Yield 3.41%
Yearly Dividend2.38
Dividend Growth(5Y)10.55%
DP56.13%
Div Incr Years3
Div Non Decr Years3
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)2.96%
PT rev (3m)6.86%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-0.05%
EPS NY rev (3m)1.3%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.23%
Revenue NY rev (3m)0.41%
Valuation
Industry RankSector Rank
PE 18.64
Fwd PE 15.55
P/S 3.96
P/FCF N/A
P/OCF 8.76
P/B 1.86
P/tB 2.86
EV/EBITDA 14.02
EPS(TTM)5.03
EY5.36%
EPS(NY)6.03
Fwd EY6.43%
FCF(TTM)-2.56
FCFYN/A
OCF(TTM)10.7
OCFY11.41%
SpS23.69
BVpS50.39
TBVpS32.76
PEG (NY)2.09
PEG (5Y)2.43
Graham Number75.52
Profitability
Industry RankSector 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 RankSector 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 1.49
F-Score5
WACC7.22%
ROIC/WACC0.57
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 3Y9.11%
EPS 5Y7.68%
EPS Q2Q%6.05%
EPS Next Y8.91%
EPS Next 2Y10.77%
EPS Next 3Y9.26%
EPS Next 5Y7.91%
Revenue 1Y (TTM)-9.52%
Revenue growth 3Y0.21%
Revenue growth 5Y4.8%
Sales Q2Q%-11.25%
Revenue Next Year-6.49%
Revenue Next 2Y1.92%
Revenue Next 3Y4.16%
Revenue Next 5Y8.79%
EBIT growth 1Y-1.73%
EBIT growth 3Y9.49%
EBIT growth 5Y8.16%
EBIT Next Year54.75%
EBIT Next 3Y25.02%
EBIT Next 5Y18.66%
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-SP ADR / NGG FAQ

What is the fundamental rating for NGG stock?

ChartMill assigns a fundamental rating of 5 / 10 to NGG.


Can you provide the valuation status for NATIONAL GRID PLC-SP ADR?

ChartMill assigns a valuation rating of 3 / 10 to NATIONAL GRID PLC-SP ADR (NGG). This can be considered as Overvalued.


What is the profitability of NGG stock?

NATIONAL GRID PLC-SP ADR (NGG) has a profitability rating of 7 / 10.


What are the PE and PB ratios of NATIONAL GRID PLC-SP ADR (NGG) stock?

The Price/Earnings (PE) ratio for NATIONAL GRID PLC-SP ADR (NGG) is 18.64 and the Price/Book (PB) ratio is 1.86.


What is the financial health of NATIONAL GRID PLC-SP ADR (NGG) stock?

The financial health rating of NATIONAL GRID PLC-SP ADR (NGG) is 3 / 10.