National Grid

NG.: 907.65 +12.55 (+1.40%) delayed: 18 Nov 2019, 16:10

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National Grid Fundamentals

Share Price Information

Name National Grid
Epic NG.
Sector Multiutilities
ISIN GB00BDR05C01
Activites National Grid plc's principal activities involve the transmission and distribution of electricity and gas in Great Britain and northeastern US. The company has three main operating segements: UK Electricity Transmission: High voltage electricity transmission networks in Great Britain. UK Gas Transmission : The gas transmission network in Great Britain and UK LNG storage activities. US Regulated: Gas distribution networks, electricity distribution networks and high voltage electricity transmission networks in New York and New England and electricity generation facilities in New York. Other activities primarily relate to non-regulated businesses and other commercial operations not included within the above segments, including: UK gas metering activities; the Great Britain-France Interconnector; UK property management; a UK LNG import terminal; US LNG operations; US unregulated transmission pipelines; together with corporate activities.
Index FTSE 100

Key numbers

Latest Share price (p) 907.65 Net gearing (%) 68.84
Market capitalisation (£m) 31,155.84 Gross gearing (%) 69.24
Shares in issue (m) 3,480.71 Debt ratio 64.02
P/E ratio 20.07 Debt-to-equity ratio 0.79
Total dividends per share (p) 47.34 Assets / equity ratio 3.25
Dividend yield (%) 5.34 Price to book value 1.61
Dividend cover 0.93 ROCE (%) 3.42
Earning per share (p) 44.60 EPS growth (%) -56.53
52-week high / low (p) 926.70 / 744.50 DPS growth (%) 3.07

Results at a glance

Date Type Turnover (£m) Profit (£m) Basic EPS Currency
31 Mar 2019 Full Year 14,933 1,514 44.60 GBP
31 Mar 2018 Full Year 15,250 3,551 102.60 GBP
31 Mar 2017 Full Year 15,035 7,794 207.10 GBP

Dividend history

Period Ex-date Pay-date Net dividend Currency Total for year
H1 Dividend 28 Nov 2019 15 Jan 2020 16.57 GBX 0.00
H2 Dividend 30 May 2019 14 Aug 2019 31.26 GBX 47.34
H1 Dividend 22 Nov 2018 09 Jan 2019 16.08 GBX 0.00
H2 Dividend 31 May 2018 16 Aug 2018 30.44 GBX 45.93
H1 Dividend 23 Nov 2017 10 Jan 2018 15.49 GBX 0.00
H2 Dividend 01 Jun 2017 16 Aug 2017 29.10 GBX 44.27
Special Dividend 18 May 2017 02 Jun 2017 84.38 GBX 0.00
H1 Dividend 24 Nov 2016 11 Jan 2017 15.17 GBX 0.00
H2 Dividend 02 Jun 2016 10 Aug 2016 28.34 GBX 43.34
H1 Dividend 26 Nov 2015 13 Jan 2016 15.00 GBX 0.00
H2 Dividend 04 Jun 2015 05 Aug 2015 28.16 GBX 42.87
H1 Dividend 20 Nov 2014 07 Jan 2015 14.71 GBX 0.00

Contact details

Company name National Grid
Address 1-3 Strand, London WC2N 5EH.
Telephone +44 (0)20 7004 3000
Website http://investors.nationalgrid.com/

Advisors

Company's broker Merrill Lynch International
Company's joint broker Barclays Capital
NOMAD N M Rothschild
Registrar Capita Registrars
Auditors PricewaterhouseCoopers LLP
Solicitors n/a

Directors

Appointed Director Position
01 Apr 2014 John Mark Pettigrew Chief Executive Officer
01 Jan 2019 Andrew Jonathan Agg Chief Financial Officer
01 Jul 2016 Lucy Nicola Shaw Executive Director
01 Apr 2015 Dean Lamont Seavers Executive Director
01 Aug 2011 Sir Peter Oliver Gershon Non-Executive Chairman
03 Sep 2012 Mark David Williamson Non-Executive Director
16 May 2019 Jonathan Moses Silver Non-Executive Director
01 Jan 2019 Earsel Lloyd Shipp Non-Executive Director
17 May 2018 Amanda Jo Mesler Non-Executive Director
01 Feb 2012 Dr Paul Golby Non-Executive Director
18 Mar 2014 Therese Marie Esperdy Non-Executive Director
04 Mar 2013 Jonathan Donald Sherlock Dawson Non-Executive Director

Company financials

Assets (£m) 2019 2018 2017
Reporting date 31 Mar 2019 31 Mar 2018 31 Mar 2017
Tangible assets 43,913 39,853 39,825
Intangible asssets and goodwill 6,953 6,343 7,019
Investments and other non-current assets 4,151 5,910 5,422
Total non-current assets 55,017 52,106 52,266
Inventory / work in progress 370 341 403
Trade and other receivables 3,153 2,798 2,782
Cash and equivalents 252 329 1,139
Other current assets and asset held for resale 4,171 3,213 9,250
Total of all assets 62,963 58,787 65,840
Liabilities (£m) 2019 2018 2017
Short term liabilities 9,129 8,697 10,511
Long term liabilities 34,465 31,242 34,945
Other liabilites / pension etc 0 0 0
Total of all liabilities 43,594 39,939 45,456
Net assets (£m) 2019 2018 2017
Net assets 19,369 18,848 20,384
Equity (£m) 2019 2018 2017
Share capital 458 452 449
Minority interests 20 16 16
Retained earnings 21,814 21,599 22,582
Share premium account 1,314 1,321 1,324
Other equity -4,237 -4,540 -3,987
Total equity 19,369 18,848 20,384
Cash Flow (£m) 2019 2018 2017
Cash from operating activities 4,318 4,503 5,229
Cashflow before financing 1,284 6,740 915
Increase / decrease in Cash -80 -807 984
Income (£m) 2019 2018 2017
Turnover 14,933 15,250 15,035
Cost of sales 0 0 0
Gross profit 0 0 0
Operating profit 2,870 3,493 3,208
Pre-tax profit 1,841 2,708 2,807
Profit / loss for the year 1,514 3,551 7,794