NATIONAL GRID PLC (NNGF.DE) Stock Fundamental Analysis
FRA:NNGF - Deutsche Boerse Ag - GB00BDR05C01 - Common Stock - Currency: EUR
Taking everything into account, NNGF scores 5 out of 10 in our fundamental rating. NNGF was compared to 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.
In the past 5 years NNGF always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 1.78%, NNGF is doing worse than 76.92% of the companies in the same industry.
Looking at the Return On Equity, with a value of 5.05%, NNGF is doing worse than 92.31% of the companies in the same industry.
NNGF has a Return On Invested Capital of 4.20%. This is amonst the worse of the industry: NNGF underperforms 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 6.93%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.78% | ||
| ROE | 5.05% | ||
| ROIC | 4.2% |
ROA(3y)4.41%
ROA(5y)3.51%
ROE(3y)14.65%
ROE(5y)11.72%
ROIC(3y)4.26%
ROIC(5y)4.05%
1.3 Margins
NNGF has a better Profit Margin (9.36%) than 92.31% of its industry peers.
NNGF's Profit Margin has improved in the last couple of years.
NNGF has a better Operating Margin (27.22%) than 100.00% of its industry peers.
NNGF's Operating Margin has improved in the last couple of years.
The Gross Margin of NNGF (88.19%) is better than 100.00% of its industry peers.
In the last couple of years the Gross Margin of NNGF has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 27.22% | ||
| PM (TTM) | 9.36% | ||
| GM | 88.19% |
OM growth 3Y16.86%
OM growth 5Y5.41%
PM growth 3Y-1.31%
PM growth 5Y2.66%
GM growth 3Y2.36%
GM growth 5Y2.43%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), NNGF is creating some value.
NNGF has more shares outstanding than it did 1 year ago.
The number of shares outstanding for NNGF has been reduced compared to 5 years ago.
NNGF has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.05, we must say that NNGF is in the distress zone and has some risk of bankruptcy.
NNGF's Altman-Z score of 1.05 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 1.19. This is a high value indicating a heavy dependency on external financing.
NNGF has a better Debt to Equity ratio (1.19) than 84.62% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.19 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.05 |
ROIC/WACC1.01
WACC4.17%
2.3 Liquidity
A Current Ratio of 1.61 indicates that NNGF should not have too much problems paying its short term obligations.
NNGF has a better Current ratio (1.61) than 100.00% of its industry peers.
NNGF has a Quick Ratio of 1.54. This is a normal value and indicates that NNGF is financially healthy and should not expect problems in meeting its short term obligations.
NNGF has a Quick ratio of 1.54. This is amongst the best in the industry. NNGF outperforms 100.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.61 | ||
| Quick Ratio | 1.54 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 36.01% over the past year.
Measured over the past 5 years, NNGF shows a small growth in Earnings Per Share. The EPS has been growing by 4.97% on average per year.
NNGF shows a decrease in Revenue. In the last year, the revenue decreased by -6.68%.
The Revenue has been growing slightly by 5.86% on average over the past years.
EPS 1Y (TTM)36.01%
EPS 3Y12.62%
EPS 5Y4.97%
EPS Q2Q%16.69%
Revenue 1Y (TTM)-6.68%
Revenue growth 3Y13.25%
Revenue growth 5Y5.86%
Sales Q2Q%-6.22%
3.2 Future
The Earnings Per Share is expected to grow by 3.89% on average over the next years.
NNGF is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 8.42% yearly.
EPS Next Y-4.58%
EPS Next 2Y-0.16%
EPS Next 3Y2.84%
EPS Next 5Y3.89%
Revenue Next Year-5.73%
Revenue Next 2Y-2.05%
Revenue Next 3Y1.66%
Revenue Next 5Y8.42%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less 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
With a Price/Earnings ratio of 13.26, NNGF is valued correctly.
Based on the Price/Earnings ratio, NNGF is valued a bit more expensive than 69.23% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 28.79, NNGF is valued rather cheaply.
The Price/Forward Earnings ratio is 14.02, which indicates a correct valuation of NNGF.
76.92% of the companies in the same industry are cheaper than NNGF, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.38, NNGF is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.26 | ||
| Fwd PE | 14.02 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of NNGF indicates a slightly more expensive valuation: NNGF is more expensive than 61.54% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 5.75 |
4.3 Compensation for Growth
NNGF has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)2.67
EPS Next 2Y-0.16%
EPS Next 3Y2.84%
5. Dividend
5.1 Amount
NNGF has a Yearly Dividend Yield of 5.11%, which is a nice return.
Compared to an average industry Dividend Yield of 5.35, NNGF pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.47, NNGF pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.11% |
5.2 History
The dividend of NNGF is nicely growing with an annual growth rate of 10.20%!
Dividend Growth(5Y)10.2%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
66.56% of the earnings are spent on dividend by NNGF. This is not a sustainable payout ratio.
NNGF's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP66.56%
EPS Next 2Y-0.16%
EPS Next 3Y2.84%
FRA:NNGF (4/25/2025, 7:00:00 PM)
12.6
0 (0%)
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 Cap12.34B
Analysts83.33
Price Target13.67 (8.49%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.11% |
Yearly Dividend0.54
Dividend Growth(5Y)10.2%
DP66.56%
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)-2.15%
PT rev (3m)-1.52%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-0.28%
EPS NY rev (3m)1.28%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)3.54%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.26 | ||
| Fwd PE | 14.02 | ||
| P/S | 0.55 | ||
| P/FCF | N/A | ||
| P/OCF | 1.62 | ||
| P/B | 0.29 | ||
| P/tB | 0.46 | ||
| EV/EBITDA | 5.75 |
EPS(TTM)0.95
EY7.54%
EPS(NY)0.9
Fwd EY7.14%
FCF(TTM)-2.04
FCFYN/A
OCF(TTM)7.75
OCFY61.55%
SpS23.07
BVpS42.8
TBVpS27.56
PEG (NY)N/A
PEG (5Y)2.67
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.78% | ||
| ROE | 5.05% | ||
| ROCE | 5.66% | ||
| ROIC | 4.2% | ||
| ROICexc | 4.56% | ||
| ROICexgc | 5.36% | ||
| OM | 27.22% | ||
| PM (TTM) | 9.36% | ||
| GM | 88.19% | ||
| FCFM | N/A |
ROA(3y)4.41%
ROA(5y)3.51%
ROE(3y)14.65%
ROE(5y)11.72%
ROIC(3y)4.26%
ROIC(5y)4.05%
ROICexc(3y)4.45%
ROICexc(5y)4.22%
ROICexgc(3y)5.36%
ROICexgc(5y)4.97%
ROCE(3y)5.83%
ROCE(5y)5.55%
ROICexcg growth 3Y17.73%
ROICexcg growth 5Y2.51%
ROICexc growth 3Y15.54%
ROICexc growth 5Y1.88%
OM growth 3Y16.86%
OM growth 5Y5.41%
PM growth 3Y-1.31%
PM growth 5Y2.66%
GM growth 3Y2.36%
GM growth 5Y2.43%
F-Score6
Asset Turnover0.19
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.19 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 5.77 | ||
| Cap/Depr | 390.94% | ||
| Cap/Sales | 42.45% | ||
| Interest Coverage | 2.84 | ||
| Cash Conversion | 88.26% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.61 | ||
| Quick Ratio | 1.54 | ||
| Altman-Z | 1.05 |
F-Score6
WACC4.17%
ROIC/WACC1.01
Cap/Depr(3y)337.32%
Cap/Depr(5y)319.42%
Cap/Sales(3y)33.24%
Cap/Sales(5y)33.69%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)36.01%
EPS 3Y12.62%
EPS 5Y4.97%
EPS Q2Q%16.69%
EPS Next Y-4.58%
EPS Next 2Y-0.16%
EPS Next 3Y2.84%
EPS Next 5Y3.89%
Revenue 1Y (TTM)-6.68%
Revenue growth 3Y13.25%
Revenue growth 5Y5.86%
Sales Q2Q%-6.22%
Revenue Next Year-5.73%
Revenue Next 2Y-2.05%
Revenue Next 3Y1.66%
Revenue Next 5Y8.42%
EBIT growth 1Y7.96%
EBIT growth 3Y32.35%
EBIT growth 5Y11.58%
EBIT Next Year57.7%
EBIT Next 3Y24.36%
EBIT Next 5Y18.1%
FCF growth 1Y-1086.11%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y1.85%
OCF growth 3Y15.73%
OCF growth 5Y9.86%