Morningstar

National Grid PLC NG.

Morningstar Rating
Unlock
Stock XLON Rating as of
GBX 997.00 −16.00 (1.58%)
View Full Chart
As of Delayed Price Closed

Company Report

View Archive

European Utilities Rallied in Q3 on Falling Interest Rates; We See Further Upside Potential

Tancrede Fulop

While wholesale power prices stabilized, government bonds’ yields fell on weak economic indicators and lower inflation in the US and Europe. Second-quarter results were boosted by very favorable hydro conditions that led to some guidance upgrades. This goldilocks scenario bolstered a rally in European utilities, enabling them to massively outperform the market and recover much of their earlier underperformance.

Read Full Report

Price vs Fair Value

View History
NG. is trading within a range we consider fairly valued.
Price
GBX 1,013.00
Fair Value
GBX 565.00
Uncertainty
Low
1-Star Price
GBX 6,975.50
5-Star Price
GBX 139.00
Economic Moat
Bwb
Capital Allocation
Lflfmgm

Bulls Say, Bears Say

Bulls

The sale of Grain LNG, renewables assets, and ESO should command high multiples.

Bears

The highly dilutive rights issue reflects poor capital allocation.

Show More

News

View All

Trading Information

Previous Close Price
GBX 1,013.00
Day Range
GBX 987.80–1,013.50
52-Week Range
GBX 645.00–1,062.00
Bid/Ask
GBX 951.00 / GBX 1,050.00
Market Cap
GBX 4.87 Tril
Volume/Avg
10.1 Mil / 11.4 Mil

Key Statistics

Price/Earnings (Normalized)
12.06
Price/Sales
2.06
Dividend Yield (Trailing)
5.62%
Dividend Yield (Forward)
5.62%
Total Yield
5.62%

Company Profile

National Grid owns and operates the electric transmission system in England and Wales. It sold the bulk of its UK gas transmission business in fiscal 2023 to fund the acquisition of PPL's UK power distribution assets. In the Northeastern United States, it serves electricity and gas customers combined in three states. It also owns regulated transmission and electricity generation in the United States, metering services, merchant transmission lines in the UK, and the Grain (UK) liquefied natural gas facility.
Sector
Utilities
Industry
Utilities - Regulated Electric
Stock Style Box
Large Core
Total Number of Employees
31,425
Website
https://www.nationalgrid.com

Competitors

Valuation

View More
Metric
NG.
PPL
IBE
Price/Earnings (Normalized)
 12.0618.7114.59
Price/Book Value
 1.371.721.60
Price/Sales
 2.062.931.88
Price/Cash Flow
 7.4511.658.55
Price/Earnings
NG.
PPL
IBE

Financial Strength

Metric
NG.
PPL
IBE
Quick Ratio
 0.640.810.60
Current Ratio
 0.911.280.77
Interest Coverage
 2.632.354.98
Quick Ratio
NG.
PPL
IBE

Profitability

Metric
NG.
PPL
IBE
Return on Assets (Normalized)
 3.03%3.32%4.79%
Return on Equity (Normalized)
 9.72%9.28%14.40%
Return on Invested Capital (Normalized)
 5.36%6.23%7.51%
Return on Assets
NG.
PPL
IBE

Utilities - Regulated Electric Industry Comparables

Screen With Investor
1-Day Chart
Name
Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
NextEra Energy Inc
NEE
XzhbhgpcxYfkdhy$174.8 Bil
 Southern Co
SO
XxncymwjvTcdjbq$99.3 Bil
 Duke Energy Corp
DUK
LtjtfdtrpKxhhtz$89.4 Bil
 National Grid PLC ADR
NGG
JpclmlvcJyl$65.7 Bil
 American Electric Power Co Inc
AEP
XzbprcjrgMygxchf$53.9 Bil
 PG&E Corp
PCG
BsvjycynjLlxp$51.0 Bil
 Dominion Energy Inc
D
JkrfwyvzJjwgnx$48.7 Bil
 Public Service Enterprise Group Inc
PEG
KjtndfkNbhmjb$45.6 Bil
 Exelon Corp
EXC
ZktnwnhwDyrjlk$40.8 Bil
 Consolidated Edison Inc
ED
WbrskxtzJdvb$36.0 Bil

Sponsor Center