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National Grid PLC

National Grid PLC

NG · LSE · Utilities / Utilities - Regulated Electric

1,279.00GBX+12.00 (+0.95%)

Price History

Full chart

Market Stats

Previous Close1,267.00
Open1,268.00
Day Range1,264.00 – 1,280.00
52-Week Range1,043.79 – 1,392.35
Volume5.73M
Market Cap57.63B
P/E (TTM)17.64
Forward P/E12.92
EPS0.65
Dividend Yield4.23%
Beta0.59
50-Day Avg1,164.42
200-Day Avg1,237.63

About

National Grid plc engages in the transmission and distribution of electricity and gas. It operates through UK Electricity Transmission, UK Electricity Distribution, New England, New York, National Grid Ventures, and Other segments. The UK Electricity Transmission segment provides electricity transmission networks in England and Wales. The UK Electricity Distribution segment offers electricity distribution services in east and west Midlands, Southwest of England, and South Wales. The New England segment provides electricity and gas supply and distribution, and high-voltage electricity transmission services in New England. The New York segment offers electricity and gas distribution, and electricity transmission services in New York. The National Grid Ventures segment provides transmission services through electricity interconnectors and LNG importation at the Isle of Grain. The Other segment engages in the 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.

Company Details

  • SectorUtilities
  • IndustryUtilities - Regulated Electric
  • CEOMs. Zoe Alexandra Yujnovich
  • Employees33.03K
  • Headquarters1-3 Strand, London, United Kingdom, WC2N 5EH, UK
  • Websitehttps://www.nationalgrid.com

Leadership

  • Ms. Zoe Alexandra YujnovichCEO & Director · b. 1975
  • Mr. Andrew Jonathan AggCFO & Executive Director · b. 1969
  • Ms. Alice Kyne DelahuntyChief Technology & Innovation Officer · b. 1981
  • Mr. Talvis P. LoveChief Information & Digital Officer · b. 1969
  • Angela BroadDirector of Investor Relations
  • Ms. Justine CampbellChief Legal officer · b. 1970
  • Ms. Emma Hardaker-JonesChief People Officer · b. 1973
  • Ms. Cordelia O'Hara O.B.E.President of UK Electricity Distribution & Transmission Businesses · b. 1974
  • Mr. Benjamin Hollis WilsonPresident of National Grid Ventures & Chief US External Affairs Officer · b. 1974
  • Ms. Sarah Orban SalatiChief Commercial Officer of NGV North East Team

Financials

Income Statement

Currency: GBP1993-03-311994-03-311995-03-311996-03-311997-03-311998-03-311999-03-312000-03-312001-03-312002-03-312003-03-312004-03-312005-03-312006-03-312007-03-312008-03-312009-03-312010-03-312011-03-312012-03-312013-03-312014-03-312015-03-312016-03-312017-03-312018-03-312019-03-312020-03-312021-03-312022-03-312023-03-312024-03-312025-03-312026-03-31
Total Revenue1.39B1.43B1.43B1.49B1.46B1.61B1.51B1.61B3.80B4.40B9.40B9.03B7.38B8.87B8.70B11.42B15.62B14.01B14.34B13.83B14.36B14.81B13.36B13.21B15.04B15.25B14.93B13.36B13.66B18.45B21.66B19.85B18.38B17.69B
Growth (%)-+2.39%+0.23%+4.11%-1.98%+10.42%-5.92%+6.64%+135.32%+15.82%+113.59%-3.90%-18.28%+20.13%-1.95%+31.37%+36.78%-10.35%+2.40%-3.56%+3.81%+3.13%-9.80%-1.09%+13.80%+1.43%-2.08%-10.53%+2.28%+35.01%+17.40%-8.35%-7.42%-3.76%
Cost of Revenue-------------4.55B4.11B8.53B10.49B8.12B10.60B2.97B3.13B3.99B3.88B3.25B3.33B2.84B3.15B2.59B2.38B6.10B8.62B5.30B4.15B11.91B
Gross Profit1.39B1.43B1.43B1.49B1.46B1.61B1.51B1.61B3.80B4.40B9.40B9.03B7.38B4.32B4.58B2.89B5.14B5.89B3.75B10.86B11.23B10.82B9.47B9.96B11.71B15.25B14.93B13.36B13.66B18.45B21.66B19.85B18.38B5.78B
Gross Margin100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%48.68%52.67%25.29%32.87%42.04%26.11%78.54%78.22%73.06%70.94%75.37%77.85%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%32.66%
Operating Expense837.50M839.70M824.70M830.70M741.40M1.04B937.50M1.04B3.08B4.02B7.79B7.20B5.24B1.94B2.07B-75.00M2.51B2.60B07.33B7.73B7.08B6.52B6.73B8.50B11.76B12.06B11.08B11.26B14.08B16.78B15.38B13.44B0
Operating Income554.30M585.30M603.60M656.30M716.10M568.40M576.70M572.10M715.60M378.00M1.61B1.83B2.14B2.37B2.51B2.96B2.62B3.29B3.75B3.54B3.50B3.73B2.95B3.23B3.21B3.49B2.87B2.28B2.40B4.37B4.88B4.47B4.93B5.78B
Operating Margin39.83%41.07%42.26%44.14%49.13%35.32%38.09%35.43%18.83%8.59%17.15%20.26%29.02%26.77%28.90%25.95%16.79%23.51%26.11%25.59%24.40%25.22%22.09%24.41%21.34%22.90%19.22%17.06%17.57%23.69%22.53%22.54%26.85%32.66%
EBITDA749.30M790.10M807.40M820.60M831.70M717.80M579.20M580.00M790.10M468.40M1.80B1.94B3.01B3.30B3.37B3.95B4.05B5.49B5.12B4.90B4.76B4.86B3.99B4.33B5.09B5.08B5.11B3.93B3.59B6.04B5.84B7.28B6.79B7.73B
EBITDA Margin53.84%55.45%56.53%55.18%57.06%44.60%38.25%35.92%20.79%10.64%19.13%21.43%40.80%37.25%38.72%34.61%25.91%39.22%35.66%35.45%33.18%32.82%29.86%32.78%33.84%33.32%34.21%29.42%26.24%32.71%26.96%36.65%36.97%43.68%
Net Income381.30M439.80M434.80M422.30M415.20M439.10M1.01B1.15B769.00M-493.30M419.00M1.07B1.42B3.85B1.39B3.19B944.00M1.39B2.16B2.04B2.15B2.48B2.02B2.59B7.79B3.55B1.51B1.26B1.64B2.35B7.80B2.29B2.90B3.24B
Net Income Margin27.40%30.86%30.44%28.40%28.49%27.28%67.03%71.12%20.24%-11.21%4.46%11.89%19.29%43.39%16.03%27.93%6.04%9.90%15.05%14.72%14.99%16.72%15.12%19.61%51.85%23.28%10.12%9.46%12.00%12.75%36.00%11.54%15.79%18.32%
R&D7.90M8.00M8.30M8.40M7.90M7.80M8.40M7.80M8.10M6.20M18.00M10.00M9.00M7.00M6.00M13.00M10.00M19.00M16.00M15.00M15.00M12.00M16.00M19.00M14.00M13.00M19.00M9.00M12.00M11.00M23.00M32.00M43.00M-
R&D as % of Total Revenue0.57%0.56%0.58%0.56%0.54%0.48%0.55%0.48%0.21%0.14%0.19%0.11%0.12%0.08%0.07%0.11%0.06%0.14%0.11%0.11%0.10%0.08%0.12%0.14%0.09%0.09%0.13%0.07%0.09%0.06%0.11%0.16%0.23%-
Interest Expense99.80M81.00M52.20M56.70M78.60M96.80M129.00M138.00M329.40M320.70M1.00B757.00M700.00M700.00M747.00M953.00M1.15B897.00M1.14B1.06B995.00M1.02B951.00M735.00M894.00M1.00B927.00M980.00M725.00M1.02B1.42B1.34B1.40B1.30B
Interest Expense % of Total Revenue7.17%5.68%3.65%3.81%5.39%6.01%8.52%8.55%8.67%7.29%10.65%8.38%9.48%7.89%8.59%8.34%7.37%6.40%7.95%7.70%6.93%6.90%7.12%5.56%5.95%6.56%6.21%7.34%5.31%5.56%6.57%6.77%7.59%7.33%

Balance Sheet

Currency: GBP1993-03-311994-03-311995-03-311996-03-311997-03-311998-03-311999-03-312000-03-312001-03-312002-03-312003-03-312004-03-312005-03-312006-03-312007-03-312008-03-312009-03-312010-03-312011-03-312012-03-312013-03-312014-03-312015-03-312016-03-312017-03-312018-03-312019-03-312020-03-312021-03-312022-03-312023-03-312024-03-312025-03-312026-03-31
Total Assets3.07B3.31B3.19B3.19B3.35B3.42B5.09B8.77B9.98B17.42B24.94B23.40B27.56B25.92B28.39B37.77B44.47B43.55B46.40B47.34B54.70B52.38B55.09B58.93B65.84B58.79B62.96B67.09B67.22B94.86B92.70B98.33B106.74B108.28B
Total Liabilities1.67B1.61B1.22B2.09B1.96B2.49B3.14B5.82B6.46B14.12B23.71B22.13B25.44B22.43B24.25B32.40B40.48B39.34B37.33B38.09B44.47B40.47B43.12B45.37B45.46B39.94B43.59B47.51B47.36B71.00B63.13B68.43B68.92B68.95B
Total Equity1.40B1.70B1.97B1.10B1.39B929.40M1.95B2.91B3.48B3.20B1.15B1.22B2.11B3.48B4.13B5.36B3.97B4.20B9.06B9.24B10.23B11.91B11.96B13.55B20.37B18.83B19.35B19.56B19.84B23.83B29.54B29.87B37.80B39.30B
Cash510.80M370.40M84.20M60.50M194.90M50.00M1.52B1.01B271.20M212.60M601.00M616.00M272.00M1.45B1.59B174.00M737.00M720.00M384.00M332.00M671.00M354.00M119.00M127.00M1.14B329.00M252.00M73.00M157.00M204.00M163.00M559.00M1.18B375.00M
Total Debt950.00M813.00M361.50M1.32B1.04B1.52B2.23B3.68B5.97B11.09B19.30B17.98B14.31B13.13B15.72B21.00B26.79B25.12B23.20B23.02B28.09B25.95B25.91B28.34B28.64B26.63B28.73B30.79B31.22B45.47B42.98B47.07B48.36B46.76B
Net Debt439.20M442.60M277.30M1.25B847.10M1.47B703.40M2.66B5.70B10.87B18.70B17.36B14.04B11.68B14.12B20.83B26.06B24.40B22.81B22.69B27.42B25.60B25.79B28.22B27.50B26.30B28.48B30.72B31.06B45.26B42.82B46.52B47.18B46.38B

Cash Flow

Currency: GBP1993-03-311994-03-311995-03-311996-03-311997-03-311998-03-311999-03-312000-03-312001-03-312002-03-312003-03-312004-03-312005-03-312006-03-312007-03-312008-03-312009-03-312010-03-312011-03-312012-03-312013-03-312014-03-312015-03-312016-03-312017-03-312018-03-312019-03-312020-03-312021-03-312022-03-312023-03-312024-03-312025-03-312026-03-31
Operating Cash Flow408.40M455.10M506.50M-952.30M694.70M-508.60M151.30M149.90M83.40M554.40M1.82B1.42B2.55B2.27B2.15B5.32B3.40B4.52B4.86B4.23B3.75B4.02B5.01B5.37B5.23B4.50B4.32B4.62B4.46B6.27B6.90B6.94B6.81B6.23B
Investing Cash Flow-484.20M-419.30M-132.00M-178.80M-500.10M88.40M-860.70M-897.10M-264.60M-1.81B-1.54B-1.29B-2.98B3.92B-4.06B-6.07B-3.05B-2.33B-4.77B-2.37B-6.13B-1.33B-2.00B-4.04B-4.31B2.24B-3.03B-3.19B-5.12B-14.01B240.00M-7.50B-10.57B-4.49B
Financing Cash Flow200.10M-135.60M-447.80M1.07B-216.00M503.90M687.60M773.60M-127.60M216.60M174.00M-240.00M437.00M-5.01B2.09B-692.00M184.00M-2.21B-430.00M-1.90B2.71B-2.97B-3.25B-1.33B69.00M-7.55B-1.36B-1.61B750.00M7.77B-7.17B987.00M4.53B-2.69B
Capital Expenditure382.30M343.70M377.30M285.30M285.00M291.40M317.80M284.60M483.40M527.80M1.52B1.40B1.51B1.67B2.22B2.88B3.19B3.11B3.13B3.35B3.39B3.12B3.28B3.63B3.52B3.91B3.94B4.90B4.79B5.54B6.89B6.90B8.78B9.99B
Free Cash Flow26.10M111.40M129.20M-1.24B409.70M-800.00M-166.50M-134.70M-400.00M26.60M306.00M22.00M1.04B595.00M-73.00M2.44B216.00M1.41B1.72B878.00M361.00M896.00M1.72B1.74B1.71B592.00M377.00M-282.00M-327.00M728.00M6.00M-514.00M-2.50B-3.76B
Dividends Paid-------197.60M216.00M238.00M571.00M560.00M628.00M745.00M730.00M780.00M838.00M688.00M858.00M1.01B810.00M1.06B1.27B1.34B1.46B4.49B1.16B892.00M1.41B922.00M1.61B1.72B1.53B1.62B
FCF to OCF6.39%24.48%25.51%129.96%58.98%157.29%-110.05%-89.86%-479.62%4.80%16.78%1.55%40.96%26.25%-3.40%45.87%6.35%31.11%35.49%20.77%9.63%22.29%34.43%32.41%32.70%13.15%8.73%-6.11%-7.33%11.61%0.09%-7.41%-36.69%-60.26%
Dividend Paid to FCF--------146.70%-54.00%894.74%186.60%2545.45%60.10%125.21%-1000.00%31.99%387.96%48.97%49.77%114.58%224.38%118.19%73.72%76.84%85.56%757.94%307.69%-316.31%-432.11%126.65%26783.33%-334.24%-61.21%-43.21%

Earnings

Report DateNov 10, 2015Nov 9, 2016May 18, 2017Nov 9, 2017May 17, 2018Nov 8, 2018May 16, 2019Nov 14, 2019Jun 18, 2020Nov 12, 2020May 20, 2021Nov 18, 2021May 19, 2022Nov 10, 2022Mar 1, 2023May 18, 2023Aug 30, 2023Nov 9, 2023Mar 19, 2024May 23, 2024Nov 7, 2024May 29, 2025Nov 6, 2025Nov 5, 2026
EPS Estimate0.230.270.470.000.400.210.370.180.390.170.350.160.410.210.000.380.000.280.000.420.270.450.30-
EPS Actual0.000.240.280.170.850.130.310.110.250.170.290.100.500.290.000.380.000.220.000.420.130.460.30-
Surprise-100.00%-11.63%-40.59%-113.78%-37.74%-16.55%-38.89%-35.37%-0.87%-18.13%-36.31%22.04%42.51%-0.00%--22.00%-0.00%-52.03%2.98%-0.03%-
Timing------------Pre-marketPre-market-Pre-market-Pre-marketPre-market---After-hoursPre-market

Key Statistics & Ratios

Market Cap57.63B
Enterprise Value101.76B
Trailing P/E17.64
Forward P/E12.92
PEG Ratio0.98
Price / Sales3.26
Price / Book1.47
EPS0.65
Book Value7.90
Revenue (TTM)17.69B
Gross Profit (TTM)17.69B
EBITDA7.03B
Profit Margin18.32%
Operating Margin32.60%
Return on Equity8.41%
Return on Assets3.01%
Shares Outstanding5.03B
Shares Float4.93B
Beta0.59
Dividend Yield4.23%
Dividend Rate0.48
Payout Ratio1.63%

Dividends

20261×
0.32May 28, 2026
20252×
0.16Nov 20, 20250.31May 29, 2025
20242×
0.16Nov 21, 20240.39Jun 6, 2024
20232×
0.18Nov 23, 20230.35Jun 1, 2023
20222×
0.16Nov 24, 20220.31Jun 1, 2022
20212×
0.16Dec 2, 20210.30Jun 3, 2021
20202×
0.16Nov 26, 20200.29Jul 2, 2020
20192×
0.15Nov 28, 20190.29May 30, 2019
20182×
0.15Nov 22, 20180.28May 31, 2018
20174×
0.14Nov 23, 20170.27Jun 1, 20170.78May 22, 20170.84May 18, 2017
20162×
0.15Nov 24, 20160.28Jun 2, 2016
20151×
0.15Nov 26, 2015

Stock Splits

  • May 22, 201711:12
  • Aug 1, 200543:49
  • Feb 9, 199817:20