NGG

National Grid plc

$73.33

2.47

(3.49%)

Exchange:	NYSE
Market Cap:	71.887B
Shares Outstanding:	260.905M

Overview

Earnings

Financials

Valuation

Chart

About The Company

National Grid plc transmits and distributes electricity and gas. The company operates through UK Electricity Transmission, UK Electricity Distribution, UK Electricity System Operator, New England, and New York segments. The UK Electricity Transmission segment provides electricity transmission and construction work services in England and Wales. The UK Electricity Distribution segment offers electricity distribution services in Midlands, and South West of England and South Wales. The UK Electricity System Operator segment provides balancing services for supply and demand of electricity on Great Britain’s electricity transmission system; and acts as an agent on behalf of transmission operators. The New England segment offers electricity and gas distribution, and electricity transmission services in New England. The New York segment provides electricity and gas distribution, and electricity transmission services in New York. It also engages in the provision of transmission services through electricity interconnectors and LNG importation at the Isle of Grain; sale of renewables projects; and leasing and sale of commercial property, as well as insurance activities in the United Kingdom. The company was founded in 1990 and is headquartered in London, the United Kingdom.

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Revenue Segmentation

EPS

View full analyst estimates

Earnings Call

No transcript or summary available for this symbol.

Income Statement

Balance Sheet

Cash Flow Statement

Analyst Estimates

Income Statement

(* All numbers are in thousands)

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
? Revenue	13,357,000	13,212,000	15,035,000	15,250,000	14,933,000	14,540,000	13,665,000	18,449,000	21,659,000	19,850,000
? Cost Of Revenue	3,882,000	3,254,000	3,330,000	6,082,000	6,802,000	5,988,000	5,610,000	7,032,000	8,245,000	14,400,000
? Gross Profit	9,475,000	9,958,000	11,705,000	9,168,000	8,131,000	8,552,000	8,055,000	11,417,000	13,414,000	5,450,000
? Research And Development Expenses	16,000	19,000	14,000	13,000	19,000	14,000	12,000	11,000	23,000	32,000
? General And Administrative Expenses	0	0	0	0	0	0	0	0	0	0
? Selling And Marketing Expenses	0	0	0	0	0	0	0	0	0	0
? Operating Expenses	6,749,000	6,916,000	8,655,000	11,644,000	12,178,000	5,314,000	5,686,000	7,579,000	16,558,000	15,375,000
? Net Interest Income	0	0	0	0	0	0	0	0	0	0
? Interest Income	36,000	22,000	866,000	946,000	914,000	48,000	33,000	62,000	1,511,000	243,000
? Interest Expense	1,069,000	1,035,000	1,003,000	1,128,000	1,062,000	1,102,000	845,000	1,177,000	1,671,000	1,723,000
? Depreciation And Amortization	1,115,000	1,373,000	1,541,000	1,596,000	1,802,000	1,710,000	1,558,000	1,900,000	2,066,000	2,061,000
? EBITDA	3,989,000	4,331,000	5,088,000	5,082,000	5,108,000	3,834,000	3,927,000	6,035,000	5,592,000	6,832,000
? EBIT
? Operating Income	2,874,000	3,124,000	3,740,000	3,552,000	3,558,000	3,238,000	2,369,000	3,838,000	4,044,000	4,475,000
? Income Before Tax	1,960,000	2,329,000	2,184,000	2,660,000	1,841,000	1,400,000	1,606,000	3,349,000	3,590,000	3,048,000
? Income Tax Expense	467,000	427,000	374,000	889,000	339,000	370,000	360,000	1,258,000	876,000	831,000
? Net Income From Continuing Operations
? Net Income	1,503,000	1,899,000	1,811,000	3,550,000	1,511,000	1,264,000	1,640,000	2,353,000	7,797,000	2,290,000
? EPS (Earnings Per Share)	2.160	2.740	2.510	5.130	2.230	0.360	0.470	0.650	2.130	0.580
? EPS Diluted	2.150	2.730	2.510	5.110	2.220	0.360	0.460	0.650	2.120	0.600
? Weighted Average Shares Outstanding	696,300.253	691,900.252	722,400	692,200	677,200	3,461,000	3,523,000	3,599,000	3,659,000	3,835,845.896
? Weighted Average Shares Outstanding Diluted	699,416.921	694,833.586	722,400	695,200	680,200	3,478,000	3,540,000	3,616,000	3,676,000	3,709,000
	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP

Balance Sheet

(* All numbers are in thousands)

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
? Cash And Cash Equivalents	119,000	127,000	1,139,000	329,000	252,000	73,000	157,000	204,000	163,000	548,000
? Short Term Investments	2,559,000	2,998,000	8,741,000	2,694,000	1,981,000	1,998,000	2,342,000	3,145,000	841,000	3,699,000
? Cash And Short Term Investments	2,678,000	3,125,000	9,880,000	3,023,000	2,233,000	2,071,000	2,499,000	3,349,000	2,768,000	4,247,000
? Net Receivables	2,836,000	2,472,000	3,099,000	1,674,000	3,153,000	1,571,000	1,493,000	1,953,000	2,072,000	2,018,000
? Accounts Receivables
? Inventory	277,000	336,000	300,000	268,000	370,000	549,000	439,000	511,000	740,000	730,000
? Total Current Assets	6,031,000	6,312,000	13,574,000	6,681,000	7,946,000	5,801,000	9,938,000	17,963,000	9,166,000	10,379,000
? Property Plant Equipment Net	40,723,000	43,364,000	39,825,000	39,853,000	44,859,000	49,762,000	47,043,000	57,532,000	64,433,000	68,907,000
? Goodwill	5,145,000	5,315,000	6,096,000	5,444,000	5,372,000	5,712,000	4,588,000	9,532,000	9,847,000	9,729,000
? Intangible Assets	802,000	887,000	923,000	899,000	1,084,000	7,007,000	6,031,000	12,804,000	3,604,000	3,431,000
? Long Term Investments	648,000	879,000	3,183,000	3,067,000	1,275,000	3,057,000	2,446,000	2,670,000	2,159,000	1,685,000
? Total Non Current Assets	47,318,000	50,445,000	50,027,000	49,263,000	52,590,000	61,759,000	57,278,000	76,897,000	80,043,000	87,946,000
? Total Assets	55,089,000	58,934,000	65,840,000	58,787,000	63,412,000	67,560,000	67,216,000	94,860,000	92,697,000	98,325,000
? Account Payables	2,050,000	2,038,000	2,135,000	1,977,000	3,769,000	2,205,000	2,165,000	3,113,000	3,249,000	2,786,000
? Short Term Debt	3,663,000	3,948,000	6,550,000	4,772,000	4,537,000	4,326,000	3,807,000	12,257,000	3,048,000	4,859,000
? Deferred Revenue	236,000	275,000	298,000	440,000	365,000	297,000	358,000	754,000	827,000	0
? Total Current Liabilities	7,374,000	7,721,000	10,511,000	8,697,000	9,129,000	8,564,000	9,368,000	24,770,000	9,130,000	11,389,000
? Long Term Debt	24,646,000	26,465,000	24,311,000	22,798,000	24,463,000	27,602,000	28,180,000	34,199,000	41,056,000	42,213,000
? Deferred Revenue Non Current	1,648,000	1,802,000	1,032,000	958,000	1,401,000	1,611,000	1,572,000	1,804,000	2,259,000	0
? Deferred Tax Liabilities Non Current	4,297,000	7,324,000	8,573,000	3,636,000	3,965,000	4,446,000	4,815,000	6,765,000	7,181,000	0
? Total Non Current Liabilities	24,487,000	26,275,000	24,069,000	22,591,000	24,258,000	39,203,000	37,988,000	46,234,000	40,438,000	57,044,000
? Total Liabilities	43,115,000	45,369,000	45,456,000	39,939,000	43,844,000	47,767,000	47,356,000	71,004,000	63,135,000	68,433,000
? Treasury Stock
? Preferred Stock	4,682,000	0	0	0	0	0	0	0	0	0
? Common Stock	443,000	447,000	449,000	452,000	458,000	470,000	474,000	485,000	488,000	493,000
? Retained Earnings	14,870,000	16,305,000	22,582,000	21,599,000	21,999,000	16,730,000	17,998,000	21,446,000	31,608,000	32,066,000
? Additional Paid In Capital
? Total Stockholders Equity	11,962,000	13,555,000	20,368,000	18,832,000	19,548,000	19,771,000	19,839,000	23,833,000	29,538,000	29,867,000
? Total Equity	11,974,000	13,565,000	20,384,000	18,848,000	19,568,000	19,793,000	19,860,000	23,856,000	29,562,000	29,892,000
? Minority Interest	12,000	10,000	16,000	16,000	20,000	22,000	21,000	23,000	24,000	25,000
? Total Liabilities And Total Equity	55,089,000	58,934,000	69,934,000	58,787,000	62,963,000	67,560,000	67,216,000	94,860,000	92,697,000	98,325,000
? Total Investments	3,207,000	3,877,000	11,924,000	5,761,000	3,256,000	5,055,000	4,788,000	5,815,000	3,000,000	2,300,000
? Total Debt	24,487,000	26,275,000	28,638,000	26,625,000	28,730,000	30,794,000	31,220,000	45,465,000	42,985,000	47,072,000
? Net Debt	24,368,000	26,148,000	27,499,000	26,296,000	28,478,000	30,721,000	31,063,000	45,261,000	42,822,000	46,524,000
	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP

Cash Flow Statement

(* All numbers are in thousands)

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
? Net Income	2,019,000	2,591,000	7,795,000	3,550,000	1,511,000	1,273,000	1,303,000	2,182,000	7,797,000	4,475,000
? Depreciation And Amortization	1,115,000	1,207,000	1,348,000	1,530,000	1,550,000	1,710,000	1,558,000	1,900,000	1,678,000	2,061,000
? Deferred Income Tax	6,000	-420,000	-157,000	-121,000	-43,000	-3,436,000	-286,000	185,000	-595,000	0
? Stock Based Compensation	20,000	22,000	32,000	16,000	27,000	16,000	23,000	38,000	48,000	37,000
? Change In Working Capital	-10,000	416,000	151,000	118,000	40,000	394,000	263,000	-223,000	547,000	-172,000
? Accounts Receivables	0	0	0	0	0	0	0	0	0	0
? Inventory	0	0	0	0	0	0	0	0	0	0
? Accounts Payables	0	0	0	0	0	0	0	0	0	0
? Net Cash Provided By Operating Activities	5,007,000	5,368,000	5,229,000	4,503,000	4,318,000	3,809,000	3,804,000	5,425,000	6,898,000	6,939,000
? Investments In Property Plant And Equipment	-2,578,000	-2,855,000	-3,296,000	-3,738,000	-3,635,000	-4,900,000	-4,608,000	-5,544,000	-6,325,000	-6,904,000
? Acquisitions Net	0	4,000	5,472,000	-10,000	38,000	2,033,000	7,000	-7,811,000	87,000	52,000
? Purchases Of Investments	0	-507,000	-5,737,000	-199,000	-263,000	-329,000	-644,000	-1,259,000	-538,000	-1,222,000
? Sales Maturities Of Investments	1,157,000	503,000	5,454,000	6,087,000	840,000	70,000	66,000	628,000	702,000	102,000
? Net Cash Provided By Investing Activities	0	0	0	0	0	0	0	0	0	0
? Net Debt Issuance	0	0	0	0	0	0	0	0	0	0
? Long Term Net Debt Issuance	0	0	0	0	0	0	0	0	0	0
? Short Term Net Debt Issuance	0	0	0	0	0	0	0	0	0	0
? Net Stock Issuance	0	0	0	0	0	0	0	0	0	0
? Net Dividends Paid	-1,271,000	-1,337,000	-1,463,000	-4,487,000	-1,160,000	-892,000	-1,413,000	-922,000	-1,607,000	-1,718,000
? Common Dividends Paid
? Preferred Dividends Paid	0	0	0	0	0	0	0	0	0	0
? Net Cash Provided By Financing Activities	-3,253,000	-1,328,000	69,000	-7,877,000	-952,000	-649,000	1,503,000	8,822,000	-7,173,000	987,000
? Effect Of Forex Changes On Cash	24,000	4,000	16,000	-3,000	3,000	4,000	-7,000	5,000	7,000	-1,000
? Net Change In Cash	-223,000	8,000	1,015,000	-810,000	-77,000	-179,000	84,000	47,000	-19,000	396,000
? Cash At End Of Period	116,000	124,000	1,139,000	329,000	252,000	73,000	157,000	204,000	163,000	559,000
? Cash At Beginning Of Period	339,000	116,000	124,000	1,139,000	329,000	252,000	73,000	157,000	182,000	163,000
? Operating Cash Flow	5,007,000	5,368,000	5,229,000	4,503,000	4,318,000	3,809,000	3,804,000	5,425,000	6,898,000	6,939,000
? Capital Expenditure	-2,578,000	-2,855,000	-3,296,000	-3,738,000	-3,635,000	-4,900,000	-4,608,000	-5,544,000	-6,325,000	-7,453,000
? Free Cash Flow	2,429,000	2,513,000	1,933,000	765,000	683,000	-1,091,000	-804,000	-119,000	573,000	-514,000
	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP

Analyst Estimates

(* All numbers are in thousands)

Fiscal Year	2025	2026	2027	2028	2029
Estimated Revenue (Low)	25,073,006.835	24,637,723.956	24,096,534.792	28,472,298.477	30,828,241.007
Estimated Revenue (High)	27,843,589.398	28,569,745.652	33,068,857.434	39,073,932.716	42,307,108.287
Estimated Revenue (Avg)	26,465,951.660	26,596,371.468	29,268,285.884	34,583,203.718	37,444,793.572
Estimated Ebitda (Low)	7,424,347.583	7,295,456.325	7,135,205.244	8,430,909.056	9,128,525.275
Estimated Ebitda (High)	8,244,742.524	8,459,764.060	9,791,992.376	11,570,150.315	12,527,523.294
Estimated Ebitda (Avg)	7,836,811.338	7,875,429.841	8,666,608.237	10,240,404.218	11,087,747.253
Estimated Net Income (Low)	13,320,539.693	13,983,597.623	12,170,341.703	12,654,254.933	13,303,218.663
Estimated Net Income (High)	13,611,399.473	14,307,430.413	18,466,851.374	19,201,122.105	20,185,824.515
Estimated Net Income (Avg)	13,495,048.143	14,130,807.833	15,799,709.474	16,427,939.894	17,270,439.244
Estimated SGA Expense (Low)	4,875,344.632	4,790,705.639	4,685,473.598	5,536,323.125	5,994,426.608
Estimated SGA Expense (High)	5,414,073.190	5,555,271.333	6,430,105.398	7,597,767.965	8,226,445.861
Estimated SGA Expense (Avg)	5,146,197.112	5,171,556.715	5,691,099.652	6,724,563.899	7,280,988.457
Estimated EPS (Avg)	3.640	3.810	4.260	4.430	4.660
Estimated EPS (High)	3.670	3.860	4.980	5.180	5.440
Estimated EPS (Low)	3.590	3.770	3.280	3.410	3.590
Number of Analysts (Estimated Revenue)	6	7	4	2	5
Number of Analysts (Estimated EPS)	2	2	1	1	1

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Current Key Metrics

?	Revenue (TTM) :	24.939B	?	P/S (TTM) :	2.8
?	Net Income (TTM) :	2.877B	?	P/E (TTM) :	17.74
?	Enterprise Value (TTM) :	98.572B	?	EV/FCF (TTM) :	-35.96
?	Dividend Yield (TTM) :	0.04	?	Payout Ratio (TTM) :	0.53
?	ROE (TTM) :	0.08	?	ROIC (TTM) :	0.04
?	Net Debt (TTM) :	50.852B	?	Debt/Equity (TTM) :	1.28
?	P/B (TTM) :	1.36	?	Current Ratio (TTM) :	1.35

Forward P/E Ratios

?

Forward P/E calculated based on:

Forward P/E 1Y	Forward P/E 2Y	Forward P/E 3Y	Forward P/E 4Y	Forward P/E 5Y
19.47	18.60	16.63	16.00	15.21

SWOT Analysis

No SWOT analysis available for this stock.

NGG

3.49

2.8

-1.95

14.85

24.25

27.69

21.43

Trading Metrics:

Open:	71.84	Previous Close:	70.86
Day Low:	71.77	Day High:	73.41
Year Low:	55.82	Year High:	74.82
Price Avg 50:	71.54	Price Avg 200:	65.47
Volume:	1.291M	Average Volume:	1.012M