National Grid(NG.)

Sector:

Gas, Water & Multiutilities

Index:

FTSE 100

Market Cap

£17,483m

Change Today

Price Down-14.50p

Share Price

714.50p

National Grid Overview

National Grid runs the electricity wires across Great Britain and Northern Ireland while National Grid Gas, previously known Transco and formerly part of British Gas, runs the UK's gas pipe network. The company also owns generator Niagara Mohawk in the US.

1 Day Chart

1 Day Chart

6 Month Chart

6 Month Chart

Income & Efficiency

Latest F'cast
Div Yield 4.6% 4.9%
Div Cover 1.5 1.5
Op Mrgn 25.9% 17.7%
ROCE 11.1%  

Valuation

Latest F'cast
P/E 14.9 13.2
PEG 0.6 1.1
Pr/Revenue 1.5 1.4
Pr/Book 3.2  

Growth

Latest F'cast
Revenue 31.4% 11.0%
PBT 25.2% 2.7%
EPS 25.3% 12.5%
DPS 15.0% 8.2%

National Grid Fundamentals

Year Ending Revenue (£m) Pre-tax (£m) EPS P/E PEG EPS Grth. Div Yield
31-Mar-04 a9,033.00 a1,337.00 33.90p 12.7 0.6 +20% 19.78p 4.6%
31-Mar-05 7,382.00 1,439.00 42.30p 11.6 0.5 +25% 23.70p 4.8%
31-Mar-06 8,868.00 1,718.00 45.50p 12.6 1.6 +8% 26.10p 4.6%
31-Mar-07 8,695.00 1,751.00 38.30p 20.8 n/a -16% 28.70p 3.6%
31-Mar-08 11,423.00 2,192.00 48.00p 14.4 0.6 +25% 33.00p 4.8%

a. Based on UK GAAP presentation of accounts - includes discontinued activities

National Grid Forecasts

Year Ending Revenue (£m) Pre-tax (£m) EPS P/E PEG EPS Grth. Div Yield
31-Mar-09 12,679.91 2,250.44 54.00p 13.2 1.1 +12% 35.71p 4.9%
31-Mar-10 12,974.18 2,085.05 58.12p 12.3 1.6 +8% 38.64p 5.3%

Covering analysts: Charles Stanley & Co, Deutsche Bank Research, Goldman Sachs, IIR Group, ING Wholesale Banking, Lehman Bros, Morgan Stanley, Standard & Poors, WestLB Equity Markets

National Grid Company Announcements

Total Voting Rights 29-Aug-2008 17:00 RNS
Transaction in Own Shares 29-Aug-2008 07:00 RNS
Transaction in Own Shares 28-Aug-2008 07:00 RNS

National Grid ShareCast News

London close: Economic jitters hit Footsie 19-Aug-2008 ShareCast
London afternoon: Still in the red 19-Aug-2008 ShareCast
London midday: Stocks delve deeper 19-Aug-2008 ShareCast

National Grid Top Newspaper Links

Wood Group in Grid deal 20-Jun-2008 The Scotsman
Consumers face up to 40% rise in energy bills as... 18-Jun-2008 Times
Darkness at noon as National Grid and E.ON dispu... 30-May-2008 Times

Latest National Grid Director Deals

Traded Action Notifier PriceAmountValue
20-Aug-08 Buy Dividends Mark Charles Fairbairn 714.20p 763 £5,449.35
20-Aug-08 Buy Dividends Sir John Parker 714.20p 131 £935.60
20-Aug-08 Buy Dividends Mark Charles Fairbairn 719.50p 38 £273.41

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: In the case of dual listed securities, broker recommendations and forecasts relate to the primary listing.

Note 5: Forecast figures based on normalised accounts.

 

National Grid Market Data

Currency UK Pounds
Share Price 714.50p Price Down
Change Today -14.50p
52 Week High 863.00p
52 Week Low 641.00p
Volume 8,809,582
Shares Issued 2,446.94m
Market Cap £17,483m
Beta 0.54

National Grid Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
80.76% below the market average80.76% below the market average80.76% below the market average80.76% below the market average80.76% below the market average
Sector averageSector averageSector averageSector averageSector average
Price Trend
64.76% above the market average64.76% above the market average64.76% above the market average64.76% above the market average64.76% above the market average
9.09% above the sector average9.09% above the sector average9.09% above the sector average9.09% above the sector average9.09% above the sector average
Income
33.44% above the market average33.44% above the market average33.44% above the market average33.44% above the market average33.44% above the market average
Sector averageSector averageSector averageSector averageSector average
Growth
17.31% below the market average17.31% below the market average17.31% below the market average17.31% below the market average17.31% below the market average
55.56% above the sector average55.56% above the sector average55.56% above the sector average55.56% above the sector average55.56% above the sector average

What The Brokers Say

Strong Buy 2
Buy 3
Neutral 6
Sell 0
Strong Sell 1
Total 12
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

National Grid Dividends

  Latest Previous
  Final Interim
Ex-Div 04-Jun-08 28-Nov-07
Paid 20-Aug-08 23-Jan-08
Amount 21.30p 11.70p

Trades for 29-Aug-2008

Time Volume / Share Price
16:37 14,185 @ 714.28p
16:37 1,148 @ 714.50p
15:10 827 @ 715.00p
16:48 200 @ 716.50p
16:35 1,837,341 @ 714.50p

National Grid Key Personnel

Finance Director Steve Lucas
Chair Sir John Parker
CEO Steven J Holliday

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