0.39%
2.06%
-0.75%
-1.73%
2.45%
-3.51%
5.65%
AI Spotlight on NG
Company Description
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.
Market Data
| Last Price | 979.8 |
| Change Percentage | 0.39% |
| Open | 977.4 |
| Previous Close | 976 |
| Market Cap ( Millions) | 47934 |
| Volume | 8698227 |
| Year High | 1145.5 |
| Year Low | 645 |
| M A 50 | 955.55 |
| M A 200 | 975.31 |
Financial Ratios
| FCF Yield | -1.72% |
| Dividend Yield | 5.61% |
| ROE | 7.72% |
| Debt / Equity | 157.61% |
| Net Debt / EBIDTA | 735.27% |
| Price To Book | 1.23 |
| Price Earnings Ratio | 16.04 |
| Price To FCF | -58.24 |
| Price To sales | 2.41 |
| EV / EBITDA | 14.93 |
News
- Jan -21 - National Grid upgraded to Buy from Neutral at Citi
- Dec -29 - Is National Grid plc (NGG) Among the U.K. Dividend Aristocrats for 2024?
- Dec -18 - National Grid outlines ‘unprecedented’ £35bn investment plans
- Dec -14 - Is There An Opportunity With National Grid plc's (LON:NG.) 24% Undervaluation?
- Nov -20 - National Grid appoints Steve Smith as Chief Strategy and Regulation Officer
- Nov -19 - Is National Grid (NGG) the Most Profitable Renewable Energy Stock Now?
- Nov -14 - National Grid's (LON:NG.) Anemic Earnings Might Be Worse Than You Think
- Nov -08 - National Grid Reports Strong Growth Amid Major Investments
- Nov -08 - National Grid Reports Strong Growth Amidst Investment Surge
- Nov -08 - National Grid PLC (NGG) (H1 2025) Earnings Call Highlights: Strong Growth and Strategic Investments
- Nov -07 - Electricity revolution will fail without planning overhaul, warns National Grid boss
- Nov -07 - National Grid plc (LON:NG.) is favoured by institutional owners who hold 73% of the company
- Oct -17 - The best stocks to buy in the UK, according to Barclays
- Oct -14 - Here's Why You Should Add National Grid Stock to Your Portfolio Now
- Oct -11 - UK’s National Grid secures funding to advance decarbonisation initiatives
- Oct -07 - Stocks to watch ahead of the October budget
- Oct -03 - National Grid gets £70m uplift from delayed electricity operator sale
- Sep -20 - National Grid (LSE:NG.) Strengthens Leadership with Sally Librera Appointment, Eyes Future Growth Opportunities
- Sep -19 - Fed Trims Rates by 50 bps: 3 Utilities to Add to Your Portfolio
- Sep -16 - Fourth Annual National Grid Project C Week of Service Celebrates Company's Commitment to Its Communities
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> New York
Expected Growth : 7.5 %
What the company do ?
Why we expect these perspectives ?
New York's 7.5% growth driven by increasing demand for clean energy, infrastructure upgrades, and electrification of transportation. National Grid plc's investments in renewable energy sources, grid modernization, and smart metering are key contributors. Additionally, the state's ambitious climate goals and policies, such as the Climate Leadership and Community Protection Act, are driving growth in the energy sector.
Segment n°2 -> New England
Expected Growth : 7.2 %
What the company do ?
Why we expect these perspectives ?
New England's 7.2% growth from National Grid plc is driven by increasing demand for clean energy, infrastructure upgrades, and electrification of transportation. Additionally, state-level policies and incentives support the transition to a low-carbon economy, fostering growth in the region's energy sector.
Segment n°3 -> United Kingdom Electricity System Operator
Expected Growth : 7.8 %
What the company do ?
Why we expect these perspectives ?
The 7.8% growth of United Kingdom Electricity System Operator from National Grid plc is driven by increasing demand for renewable energy, government initiatives to reduce carbon emissions, and investments in grid modernization and infrastructure upgrades to ensure reliable and efficient energy supply.
Segment n°4 -> United Kingdom Electricity Transmission
Expected Growth : 7.9 %
What the company do ?
Why we expect these perspectives ?
The 7.9% growth in United Kingdom Electricity Transmission from National Grid plc is driven by increasing demand for renewable energy, government initiatives to reduce carbon emissions, and investments in grid modernization and expansion. Additionally, the growing need for reliable and efficient transmission infrastructure to support electrification of transportation and heating also contributes to this growth.
Segment n°5 -> United Kingdom Electricity Distribution
Expected Growth : 8.1 %
What the company do ?
Why we expect these perspectives ?
The 8.1% growth in United Kingdom Electricity Distribution from National Grid plc is driven by increasing demand for renewable energy, government initiatives to reduce carbon emissions, and investments in grid modernization and infrastructure upgrades to support electrification of transportation and heating.
Segment n°6 -> National Grid Ventures
Expected Growth : 8.3 %
What the company do ?
Why we expect these perspectives ?
National Grid Ventures' 8.3% growth is driven by increasing demand for renewable energy, strategic investments in clean energy projects, and expansion into new markets. Additionally, the company's focus on energy storage, electric vehicle charging infrastructure, and smart grid technologies has contributed to its growth. Furthermore, National Grid plc's strong brand reputation and established customer base have enabled National Grid Ventures to capitalize on emerging opportunities in the energy sector.
Segment n°7 -> Other
Expected Growth : 7.6 %
What the company do ?
Why we expect these perspectives ?
National Grid plc's 7.6% growth is driven by increasing demand for electricity and gas transmission, investments in grid modernization, and strategic acquisitions. Additionally, the company's focus on renewable energy and decarbonization efforts contribute to its growth. Furthermore, regulatory approvals for rate increases and cost savings initiatives also support the company's growth momentum.
National Grid Plc Products
| Product Range | What is it ? |
|---|---|
| Electricity Transmission | National Grid plc owns and operates the high-voltage electricity transmission network in England and Wales, providing a critical service to ensure the reliable supply of electricity to homes and businesses. |
| Gas Transmission | National Grid plc owns and operates the high-pressure gas transmission network in the UK, providing a critical service to ensure the reliable supply of gas to homes and businesses. |
| Electricity Distribution | National Grid plc owns and operates the electricity distribution networks in the Northeast United States, providing a critical service to ensure the reliable supply of electricity to homes and businesses. |
| Gas Distribution | National Grid plc owns and operates the gas distribution networks in the UK, providing a critical service to ensure the reliable supply of gas to homes and businesses. |
| Metering | National Grid plc provides metering services to measure the consumption of electricity and gas by homes and businesses. |
| Energy Efficiency | National Grid plc provides energy efficiency services to help homes and businesses reduce their energy consumption and carbon emissions. |
| Renewable Energy | National Grid plc invests in and operates renewable energy projects, such as wind farms and solar panels, to generate clean energy. |
National Grid plc's Porter Forces
Threat Of Substitutes
National Grid plc has a low threat of substitutes due to the high barriers to entry in the energy transmission and distribution industry. The company's infrastructure and network are difficult to replicate, making it challenging for new entrants to substitute its services.
Bargaining Power Of Customers
National Grid plc's customers have some bargaining power due to the availability of alternative energy sources and suppliers. However, the company's strong brand and reputation, as well as its ability to offer competitive pricing, mitigate this power to some extent.
Bargaining Power Of Suppliers
National Grid plc has a low bargaining power of suppliers due to its large scale of operations and diversified supply chain. The company is not heavily dependent on a single supplier, which reduces its bargaining power.
Threat Of New Entrants
National Grid plc has a low threat of new entrants due to the high barriers to entry in the energy transmission and distribution industry. The company's infrastructure and network are difficult to replicate, making it challenging for new entrants to enter the market.
Intensity Of Rivalry
National Grid plc operates in a highly competitive industry, with several players competing for market share. The company faces intense rivalry from other energy transmission and distribution companies, which drives innovation and efficiency.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 61.18% |
| Debt Cost | 5.06% |
| Equity Weight | 38.82% |
| Equity Cost | 5.14% |
| WACC | 5.09% |
| Leverage | 157.61% |
National Grid plc : Quality Control
National Grid plc passed 3 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| PEG | Public Service Enterprise Group Incorporated, through its subsidiaries, operates as an energy company primarily in the Northeastern and Mid-Atlantic United States. It operates through two segments, PSE&G and PSEG Power. … |
| DUK | Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through three segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and … |
| IBE.MC | Iberdrola, S.A. engages in the generation, transmission, distribution, and supply of electricity in Spain and internationally. It generates and markets electrical power using renewable sources, such as onshore and offshore … |
| ELE.MC | Endesa, S.A. engages in the generation, distribution, and sale of electricity primarily in Spain and Portugal. The company generates electricity from various energy sources, such as hydroelectric, nuclear, thermal, wind, … |
| RED.MC | Redeia Corporación, S.A. engages in the electricity transmission, and system operation and management of the transmission network for the electricity system in Spain and internationally. Its transmission network comprises approximately … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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Iberdrola
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Redeia
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PSEG
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4
Duke Energy
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5
Endesa
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6
