National Grid (NG.)

Sector:

Utilities

Index:

FTSE 100

872.40p
   
  • Change Today:
      3.20p
  • 52 Week High: 1,050.09
  • 52 Week Low: 838.40
  • Currency: UK Pounds
  • Shares Issued: 3,721.54m
  • Volume: 11,406,795
  • Market Cap: £32,467m

Dividend Data

  31-Mar-2431-Mar-2331-Mar-2231-Mar-2131-Mar-20
Interim Dividend19.40p17.84p17.21p17.00p16.57p
Final Dividend39.12p37.60p33.76p32.16p32.00p
Total Dividend58.52p55.44p50.97p49.16p48.57p
For more dividend details, click here

Fundamentals - based on IFRS

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Income Statement 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20
Continuing Operations          
Revenue 19,850.00 21,659.00 18,449.00 13,665.00 14,540.00
Operating Profit/(Loss) 4,475.00 4,879.00 4,371.00 2,401.00 2,780.00
Net Interest (1,464.00) (1,460.00) (1,022.00) (795.00) (1,113.00)
Profit Before Tax 3,048.00 3,590.00 3,441.00 1,664.00 1,754.00
Profit After Tax 2,217.00 2,714.00 2,183.00 1,304.00 1,274.00
Discontinued Operations          
Profit After Tax 74.00 5,083.00 171.00 337.00 (9.00)
PROFIT FOR THE PERIOD 2,291.00 7,797.00 2,354.00 1,641.00 1,265.00
Attributable to:          
Equity Holders of Parent Company 2,290.00 7,797.00 2,354.00 1,640.00 1,264.00
Minority Interests 1.00 n/a n/a 1.00 1.00
           
Continuing EPS          
Earnings per Share - Basic 60.00p 74.20p 60.60p 46.60p 36.80p
Earnings per Share - Diluted 59.70p 73.80p 60.30p 46.30p 36.60p
Earnings per Share - Adjusted 84.00p 63.80p 61.40p 36.70p 55.20p
Continuing and Discontinued EPS          
Earnings per Share - Basic 62.00p 213.10p 65.40p 46.60p 36.50p
Earnings per Share - Diluted 61.70p 212.10p 65.00p 46.30p 36.30p
Earnings per Share - Adjusted 84.30p 72.50p 61.40p 46.40p 55.20p
           
Dividend per Share 58.52p 55.44p 50.97p 49.16p 48.57p
  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Balance Sheet 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20
Assets          
Non-Current Assets          
Property, Plant & Equipment 68,907.00 64,433.00 57,532.00 47,043.00 49,762.00
Intangible Assets 13,160.00 13,451.00 12,804.00 6,031.00 7,007.00
Investment Properties n/a n/a n/a n/a n/a
Investments 1,420.00 1,300.00 1,238.00 1,622.00 1,538.00
Other Financial Assets 1,204.00 1,135.00 1,135.00 542.00 1,249.00
Other Non-Current Assets 3,255.00 3,265.00 4,188.00 2,040.00 2,203.00
  87,946.00 83,584.00 76,897.00 57,278.00 61,759.00
Current Assets          
Inventories 828.00 876.00 511.00 439.00 549.00
Trade & Other Receivables 3,415.00 3,830.00 3,715.00 2,919.00 2,986.00
Cash at Bank & in Hand 559.00 163.00 204.00 157.00 73.00
Current Asset Investments 3,743.00 2,758.00 3,427.00 2,342.00 1,998.00
Other Current Assets 1,834.00 1,486.00 10,106.00 4,081.00 195.00
  10,379.00 9,113.00 17,963.00 9,938.00 5,801.00
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 98,325.00 92,697.00 94,860.00 67,216.00 67,560.00
           
Liabilities          
Current Liabilities          
Borrowings 4,986.00 3,207.00 12,121.00 3,737.00 4,072.00
Other Current Liabilities 6,403.00 5,923.00 12,649.00 5,631.00 4,492.00
  11,389.00 9,130.00 24,770.00 9,368.00 8,564.00
           
Net Current Assets cn/a cn/a cn/a cn/a cn/a
           
Non-Current Liabilities          
Borrowings 44,332.00 41,784.00 33,344.00 27,483.00 26,722.00
Provisions 10,330.00 9,535.00 9,874.00 6,782.00 6,752.00
Other Non-Current Liabilities 2,382.00 2,686.00 3,016.00 3,723.00 5,729.00
  57,044.00 54,005.00 46,234.00 37,988.00 39,203.00
           
Other Liabilities n/a n/a n/a n/a n/a
Total Liabilities 68,433.00 63,135.00 71,004.00 47,356.00 47,767.00
           
Net Assets 29,892.00 29,562.00 23,856.00 19,860.00 19,793.00
           
Capital & Reserves          
Share Capital 493.00 488.00 485.00 474.00 470.00
Share Premium Account 1,298.00 1,302.00 1,300.00 1,296.00 1,301.00
Other Reserves (3,990.00) (3,860.00) (4,563.00) (5,094.00) (3,895.00)
Retained Earnings 32,066.00 31,608.00 26,611.00 23,163.00 21,895.00
Shareholders Funds 29,867.00 29,538.00 23,833.00 19,839.00 19,771.00
           
Minority Interests/Other Equity 25.00 24.00 23.00 21.00 22.00
Total Equity 29,892.00 29,562.00 23,856.00 19,860.00 19,793.00
Cash Flow 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20
Net Cash Flow From Operating Activities 6,939.00 6,898.00 6,272.00 4,461.00 4,618.00
Returns On Investment & Servicing of Finance fn/a fn/a fn/a fn/a fn/a
Taxation Paid fn/a fn/a fn/a fn/a fn/a
Net Cash Flow from Investing Activities (7,499.00) 240.00 (14,010.00) (5,116.00) (3,195.00)
Acquisitions & Disposals gn/a gn/a gn/a gn/a gn/a
Dividends Paid fn/a fn/a fn/a fn/a fn/a
Management of Liquid Resources cn/a cn/a cn/a cn/a cn/a
Net Cash Flow from Financing Activities 987.00 (7,173.00) 7,769.00 750.00 (1,606.00)
Net Increase/Decrease In Cash 427.00 (35.00) 31.00 95.00 (183.00)
Ratios - based on IFRS 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20
Continuing Operations          
PE Ratio - Adjusted 11.7 15.8 17.5 21.6 15.8
PEG - Adjusted 0.4 3.9 0.3 n/a n/a
Earnings per Share Growth - Adjusted 32% 4% 67% -34% -6%
Dividend Cover 1.44 1.15 1.20 0.75 1.14
Revenue per Share 533.38p 591.94p 512.62p 3.92p 410.73p
Pre-Tax Profit per Share 81.90p 98.11p 95.61p 0.48p 49.55p
Operating Margin 22.54% 22.53% 23.69% 17.57% 19.12%
Return on Capital Employed 5.91% 7.15% 6.72% 0.05% 5.70%
Continuing & Discontinued Operations          
PE Ratio - Adjusted 11.6 13.9 17.5 1,695.5 15.8
PEG - Adjusted 0.7 0.8 0.0 n/a n/a
Earnings per Share Growth - Adjusted 16% 18% 13,010% -99% -6%
Dividend Cover 1.44 1.31 1.20 0.01 1.14
           
Dividend Yield 6.0% 5.5% 4.7% 6.2% 5.6%
Dividend per Share Growth 5.56% 8.77% 3.68% 1.21% 2.60%
Operating Cash Flow per Share 186.46p 188.52p 174.27p 126.62p 130.45p
Cash Incr/Decr per Share 11.47p (0.96p) 0.86p 0.027p (5.17p)
Net Asset Value per Share (exc. Intangibles) 449.60p 440.31p 307.08p 392.54p 361.19p
Net Gearing 163.25% 151.76% 189.91% 156.58% 155.38%

Key

* GAAP

a. Includes discontinued activities

b. Including assets due in more than one year

c. Not disclosed under IFRS

d. Total fixed assets

e. Includes borrowings

f. Included in cash flow from operating activities under IFRS

g. Included in net cash from investing activities under IFRS

h. Pre-tax

i. Capital expenditure

j. Based on operating cash flow before tax

k. Issue of ordinary shares

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 3: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 4: Forecast figures based on normalised accounts.

 

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