National Grid (NG.)

Sector:

Utilities

Index:

FTSE 100

1,056.50p
   
  • Change Today:
      8.50p
  • 52 Week High: 1,162.00
  • 52 Week Low: 932.00
  • Currency: UK Pounds
  • Shares Issued: 3,719.75m
  • Volume: 1,028,724
  • Market Cap: £39,299m

Dividend Data

  31-Mar-2331-Mar-2231-Mar-2131-Mar-2031-Mar-19
Interim Dividend17.84p17.21p17.00p16.57p16.08p
Final Dividend37.60p33.76p32.16p32.00p31.26p
Total Dividend55.44p50.97p49.16p48.57p47.34p
For more dividend details, click here

Fundamentals - based on IFRS

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Income Statement 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20 31-Mar-19
Continuing Operations          
Revenue 21,659.00 18,449.00 13,665.00 14,540.00 14,933.00
Operating Profit/(Loss) 4,879.00 4,371.00 2,401.00 2,780.00 2,870.00
Net Interest (1,460.00) (1,022.00) (795.00) (1,113.00) (1,069.00)
Profit Before Tax 3,590.00 3,441.00 1,664.00 1,754.00 1,841.00
Profit After Tax 2,714.00 2,183.00 1,304.00 1,274.00 1,502.00
Discontinued Operations          
Profit After Tax 5,083.00 171.00 337.00 (9.00) 12.00
PROFIT FOR THE PERIOD 7,797.00 2,354.00 1,641.00 1,265.00 1,514.00
Attributable to:          
Equity Holders of Parent Company 7,797.00 2,354.00 1,640.00 1,264.00 1,511.00
Minority Interests n/a n/a 1.00 1.00 3.00
           
Continuing EPS          
Earnings per Share - Basic 74.20p 60.60p 46.60p 36.80p 44.30p
Earnings per Share - Diluted 73.80p 60.30p 46.30p 36.60p 44.10p
Earnings per Share - Adjusted 63.80p 61.40p 36.70p 55.20p 59.00p
Continuing and Discontinued EPS          
Earnings per Share - Basic 213.10p 65.40p 46.60p 36.50p 44.60p
Earnings per Share - Diluted 212.10p 65.00p 46.30p 36.30p 44.40p
Earnings per Share - Adjusted 63.80p 61.40p 46.40p 55.20p 59.00p
           
Dividend per Share 55.44p 50.97p 49.16p 48.57p 47.34p
  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Balance Sheet 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20 31-Mar-19
Assets          
Non-Current Assets          
Property, Plant & Equipment 64,433.00 57,532.00 47,043.00 49,762.00 43,913.00
Intangible Assets 13,451.00 12,804.00 6,031.00 7,007.00 6,953.00
Investment Properties n/a n/a n/a n/a n/a
Investments 1,300.00 1,238.00 1,622.00 1,538.00 1,275.00
Other Financial Assets 1,135.00 1,135.00 542.00 1,249.00 1,045.00
Other Non-Current Assets 3,212.00 4,188.00 2,040.00 2,203.00 1,831.00
  83,531.00 76,897.00 57,278.00 61,759.00 55,017.00
Current Assets          
Inventories 876.00 511.00 439.00 549.00 370.00
Trade & Other Receivables 3,883.00 3,715.00 2,919.00 2,986.00 3,153.00
Cash at Bank & in Hand 163.00 204.00 157.00 73.00 252.00
Current Asset Investments 2,758.00 3,427.00 2,342.00 1,998.00 1,981.00
Other Current Assets 1,486.00 10,106.00 4,081.00 195.00 2,190.00
  9,166.00 17,963.00 9,938.00 5,801.00 7,946.00
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 92,697.00 94,860.00 67,216.00 67,560.00 62,963.00
           
Liabilities          
Current Liabilities          
Borrowings 2,955.00 12,121.00 3,737.00 4,072.00 4,472.00
Other Current Liabilities 6,175.00 12,649.00 5,631.00 4,492.00 4,657.00
  9,130.00 24,770.00 9,368.00 8,564.00 9,129.00
           
Net Current Assets cn/a cn/a cn/a cn/a cn/a
           
Non-Current Liabilities          
Borrowings 40,030.00 33,344.00 27,483.00 26,722.00 24,258.00
Provisions 10,229.00 9,874.00 6,782.00 6,752.00 5,848.00
Other Non-Current Liabilities 3,746.00 3,016.00 3,723.00 5,729.00 4,359.00
  54,005.00 46,234.00 37,988.00 39,203.00 34,465.00
           
Other Liabilities n/a n/a n/a n/a n/a
Total Liabilities 63,135.00 71,004.00 47,356.00 47,767.00 43,594.00
           
Net Assets 29,562.00 23,856.00 19,860.00 19,793.00 19,369.00
           
Capital & Reserves          
Share Capital 488.00 485.00 474.00 470.00 458.00
Share Premium Account 1,302.00 1,300.00 1,296.00 1,301.00 1,314.00
Other Reserves (3,860.00) (4,563.00) (5,094.00) (3,895.00) (4,237.00)
Retained Earnings 31,608.00 26,611.00 23,163.00 21,895.00 21,814.00
Shareholders Funds 29,538.00 23,833.00 19,839.00 19,771.00 19,349.00
           
Minority Interests/Other Equity 24.00 23.00 21.00 22.00 20.00
Total Equity 29,562.00 23,856.00 19,860.00 19,793.00 19,369.00
Cash Flow 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20 31-Mar-19
Net Cash Flow From Operating Activities 6,898.00 6,272.00 4,461.00 4,618.00 4,318.00
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 240.00 (14,010.00) (5,116.00) (3,195.00) (3,446.00)
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 (7,173.00) 7,769.00 750.00 (1,606.00) (952.00)
Net Increase/Decrease In Cash (35.00) 31.00 95.00 (183.00) (80.00)
Ratios - based on IFRS 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20 31-Mar-19
Continuing Operations          
PE Ratio - Adjusted 17.2 19.1 23.5 17.1 14.4
PEG - Adjusted 4.3 0.3 n/a n/a 2.1
Earnings per Share Growth - Adjusted 4% 67% -34% -6% 7%
Dividend Cover 1.15 1.20 0.75 1.14 1.25
Revenue per Share 591.94p 512.62p 3.92p 410.73p 441.02p
Pre-Tax Profit per Share 98.11p 95.61p 0.48p 49.55p 54.37p
Operating Margin 22.53% 23.69% 17.57% 19.12% 19.22%
Return on Capital Employed 7.28% 6.72% 0.05% 5.70% 6.19%
Continuing & Discontinued Operations          
PE Ratio - Adjusted 17.2 19.1 1,844.7 17.1 14.4
PEG - Adjusted 4.3 0.0 n/a n/a 2.1
Earnings per Share Growth - Adjusted 4% 13,010% -99% -6% 7%
Dividend Cover 1.15 1.20 0.01 1.14 1.25
           
Dividend Yield 5.1% 4.3% 5.7% 5.1% 5.6%
Dividend per Share Growth 8.77% 3.68% 1.21% 2.60% 3.07%
Operating Cash Flow per Share 188.52p 174.27p 126.62p 130.45p 127.53p
Cash Incr/Decr per Share (0.96p) 0.86p 0.027p (5.17p) (2.36p)
Net Asset Value per Share (exc. Intangibles) 440.31p 307.08p 392.54p 361.19p 366.69p
Net Gearing 144.97% 189.91% 156.58% 155.38% 147.18%

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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