NATIONAL GRID PLC-SP ADR (NGG) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:NGG - US6362744095 - ADR
77.35 USD
-0.42 (-0.54%)
77.35 USD
0 (0%)
Overall NGG gets a fundamental rating of 4 out of 10. We evaluated NGG against 26 industry peers in the Multi-Utilities industry. NGG scores excellent on profitability, but there are concerns on its financial health. NGG has a valuation in line with the averages, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
In the past year NGG was profitable.
NGG had a positive operating cash flow in the past year.
In the past 5 years NGG has always been profitable.
NGG had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of NGG (2.77%) is better than 80.77% of its industry peers.
NGG has a worse Return On Equity (7.72%) than 69.23% of its industry peers.
With a decent Return On Invested Capital value of 4.11%, NGG is doing good in the industry, outperforming 61.54% of the companies in the same industry.
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 3.94%.
| 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
Looking at the Profit Margin, with a value of 16.43%, NGG belongs to the top of the industry, outperforming 92.31% of the companies in the same industry.
NGG's Profit Margin has improved in the last couple of years.
NGG has a better Operating Margin (29.57%) than 100.00% of its industry peers.
NGG's Operating Margin has improved in the last couple of years.
NGG's Gross Margin of 87.92% is amongst the best of the industry. NGG outperforms 92.31% of its industry peers.
NGG's Gross Margin has been stable in the last couple of years.
| 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
NGG 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, NGG has more shares outstanding
NGG has more shares outstanding than it did 5 years ago.
NGG has a better debt/assets ratio than last year.
2.2 Solvency
NGG has an Altman-Z score of 1.38. This is a bad value and indicates that NGG is not financially healthy and even has some risk of bankruptcy.
NGG's Altman-Z score of 1.38 is amongst the best of the industry. NGG outperforms 100.00% of its industry peers.
A Debt/Equity ratio of 1.14 is on the high side and indicates that NGG has dependencies on debt financing.
NGG has a better Debt to Equity ratio (1.14) than 84.62% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.14 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.38 |
ROIC/WACC0.59
WACC6.93%
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.
With a decent Current ratio value of 0.97, NGG is doing good in the industry, outperforming 61.54% of the companies in the same industry.
A Quick Ratio of 0.90 indicates that NGG may have some problems paying its short term obligations.
With an excellent Quick ratio value of 0.90, NGG belongs to the best of the industry, outperforming 80.77% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.97 | ||
| Quick Ratio | 0.9 |
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%.
NGG shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 7.68% yearly.
Looking at the last year, NGG shows a decrease in Revenue. The Revenue has decreased by -9.52% in the last year.
NGG shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.80% yearly.
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
NGG is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 7.98% yearly.
Based on estimates for the next years, NGG will show a small growth in Revenue. The Revenue will grow by 7.80% on average per year.
EPS Next Y9.16%
EPS Next 2Y10.83%
EPS Next 3Y8.82%
EPS Next 5Y7.98%
Revenue Next Year-6.7%
Revenue Next 2Y2.06%
Revenue Next 3Y4.14%
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 stable.
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
A Price/Earnings ratio of 15.35 indicates a correct valuation of NGG.
69.23% of the companies in the same industry are more expensive than NGG, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 26.51, NGG is valued a bit cheaper.
NGG is valuated correctly with a Price/Forward Earnings ratio of 12.79.
Compared to the rest of the industry, the Price/Forward Earnings ratio of NGG indicates a somewhat cheap valuation: NGG is cheaper than 69.23% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 23.13. NGG is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.35 | ||
| Fwd PE | 12.79 |
4.2 Price Multiples
NGG's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. NGG is more expensive than 61.54% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 12.44 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The decent profitability rating of NGG may justify a higher PE ratio.
PEG (NY)1.68
PEG (5Y)2
EPS Next 2Y10.83%
EPS Next 3Y8.82%
5. Dividend
5.1 Amount
NGG has a Yearly Dividend Yield of 3.88%.
Compared to an average industry Dividend Yield of 4.62, NGG is paying slightly less dividend.
NGG's Dividend Yield is rather good when compared to the S&P500 average which is at 2.00.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.88% |
5.2 History
The dividend of NGG is nicely growing with an annual growth rate of 10.55%!
NGG has paid a dividend for at least 10 years, which is 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
5.3 Sustainability
56.13% of the earnings are spent on dividend by NGG. This is a bit on the high side, but may be sustainable.
The dividend of NGG is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP56.13%
EPS Next 2Y10.83%
EPS Next 3Y8.82%
77.35
-0.42 (-0.54%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryMulti-Utilities
Earnings (Last)
Earnings (Next)
Inst Owners61.85%
Inst Owner Change0.49%
Ins Owners0.1%
Ins Owner ChangeN/A
Market Cap76.75B
Revenue(TTM)17.48B
Net Income(TTM)2.87B
Analysts78.33
Price Target81.8 (5.75%)
Short Float %0.15%
Short Ratio2.35
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.88% |
Yearly Dividend2.39
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)0.95%
PT rev (3m)0.13%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)1.73%
EPS NY rev (3m)1.01%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.18%
Revenue NY rev (3m)-1.66%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.35 | ||
| Fwd PE | 12.79 | ||
| P/S | 3.26 | ||
| P/FCF | N/A | ||
| P/OCF | 7.22 | ||
| P/B | 1.53 | ||
| P/tB | 2.36 | ||
| EV/EBITDA | 12.44 |
EPS(TTM)5.04
EY6.52%
EPS(NY)6.05
Fwd EY7.82%
FCF(TTM)-2.56
FCFYN/A
OCF(TTM)10.71
OCFY13.85%
SpS23.72
BVpS50.47
TBVpS32.81
PEG (NY)1.68
PEG (5Y)2
Graham Number75.65
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 | 1.38 |
F-Score5
WACC6.93%
ROIC/WACC0.59
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 Y9.16%
EPS Next 2Y10.83%
EPS Next 3Y8.82%
EPS Next 5Y7.98%
Revenue 1Y (TTM)-9.52%
Revenue growth 3Y0.21%
Revenue growth 5Y4.8%
Sales Q2Q%-11.25%
Revenue Next Year-6.7%
Revenue Next 2Y2.06%
Revenue Next 3Y4.14%
Revenue Next 5Y7.8%
EBIT growth 1Y-1.73%
EBIT growth 3Y9.49%
EBIT growth 5Y8.16%
EBIT Next Year54.73%
EBIT Next 3Y25.13%
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-SP ADR / NGG FAQ
What is the fundamental rating for NGG stock?
ChartMill assigns a fundamental rating of 4 / 10 to NGG.
Can you provide the valuation status for NATIONAL GRID PLC-SP ADR?
ChartMill assigns a valuation rating of 4 / 10 to NATIONAL GRID PLC-SP ADR (NGG). This can be considered as Fairly Valued.
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 15.35 and the Price/Book (PB) ratio is 1.53.
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.