National Grid (NG.)

Sector:

Utilities

Index:

FTSE 100

850.00p
   
  • Change Today:
    -49.20p
  • 52 Week High: 1,067.40
  • 52 Week Low: 799.70
  • Currency: UK Pounds
  • Shares Issued: 3,510.17m
  • Volume: 15,097,335
  • Market Cap: £29,836m

Income Statement - Normalised

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
31-Mar-15 31-Mar-14 31-Mar-13 31-Mar-12 31-Mar-11
Continuing Operations          
Revenue 13,357.00 14,809.00 14,359.00 13,832.00 14,343.00
           
EBITDA 5,395.00 5,128.00 5,021.00 4,762.00 4,837.00
Depreciation & Amortisation (1,484.00) (1,432.00) (1,382.00) (1,272.00) (1,252.00)
           
Operating Profit/(Loss) 3,911.00 3,696.00 3,639.00 3,490.00 3,585.00
Interest Payable (1,365.00) (1,051.00) (951.00) (2,218.00) (2,452.00)
Interest Receivable/Investment Income 36.00 36.00 30.00 1,301.00 1,324.00
           
Group Profit after Interest 1,914.00 2,681.00 2,718.00 2,573.00 2,457.00
Share of Assoc Cos/JV Profits 46.00 28.00 18.00 7.00 7.00
           
Profit Before Tax 1,960.00 2,709.00 2,736.00 2,580.00 2,464.00
Tax (651.00) (617.00) (619.00) (755.00) (663.44)
           
Profit After Tax 1,309.00 2,092.00 2,117.00 1,825.00 1,800.56
           
Discontinued Operations          
Profit After Tax 518.00 n/a n/a n/a n/a
           
PROFIT FOR PERIOD 1,977.00 2,092.00 2,148.00 1,825.00 1,800.56
           
Attributable to:          
Equity Holders of Parent Company 1,985.00 2,104.00 2,147.00 1,823.00 1,796.56
Minority Interests 8.00 12.00 (1.00) (2.00) (4.00)
           
Equity Dividends cn/a cn/a cn/a cn/a cn/a
Retained Profit/(Loss) for the Financial Year c1,985.00 c2,104.00 c2,147.00 c1,823.00 c1,796.56


Per Share Record - Normalised 31-Mar-15 31-Mar-14 31-Mar-13 31-Mar-12 31-Mar-11
Continuing EPS          
Earnings per Share - Basic 38.95p 55.87p 56.82p 49.82p 52.36p
Earnings per Share - Diluted 38.78p 55.59p 56.55p 49.56p 52.07p
Earnings per Share - Adjusted 43.90p 53.50p 57.80p 50.00p 50.90p
Continuing and Discontinued EPS          
Earnings per Share - Basic 52.71p 55.87p 57.65p 49.82p 52.36p
Earnings per Share - Diluted 52.47p 55.59p 57.38p 49.56p 52.07p
Earnings per Share - Adjusted 43.90p 53.50p 57.80p 50.00p 50.90p
           
Dividend per Share 42.87p 42.03p 40.85p 39.28p 36.37p


Key Financals 31-Mar-15 31-Mar-14 31-Mar-13 31-Mar-12 31-Mar-11
Shares in Issue (millions)          
Shares in Issue - Year End 3,739.00 3,730.00 3,666.00 3,566.00 3,508.00
Weighted Average 3,766.00 3,766.00 3,724.00 3,659.00 3,431.00
Diluted 3,783.00 3,785.00 3,742.00 3,678.00 3,450.00
           
Performance Ratios          
Continuing Operations          
Operating Margin 29.28% 24.96% 25.34% 25.23% 24.99%
Return on Capital Employed 8.72% 9.79% 9.56% 10.88% 11.15%
Continuing Operations & Discontinued Operations          
Return on Equity 11.18% 12.12% 13.62% 12.64% 12.57%
           
Financial Status          
Continuing Operations          
Interest Cover - Continuing 2.44 3.58 3.88 2.16 2.00
Revenue per Share 354.67p 393.23p 385.58p 378.03p 418.04p
Pre-Tax Profit Per Share - Continuing 52.05p 71.93p 73.47p 70.51p 71.82p
           
Market Data          
Continuing Operations          
Earnings Per Share Growth - Basic -30% -2% 14% -5% -4%
Earnings Per Share Growth - Diluted -30% -2% 14% -5% -5%
PE Ratio - Company Adjusted 22.3 14.8 13.5 12.7 11.4
PEG - Company Adjusted n/a n/a 1.0 n/a n/a
Dividend Cover 0.91 1.33 1.39 1.27 1.44
Continuing Operations & Discontinued Operations          
Earnings per Share - Company Adjusted -6% -3% 16% -5% -4%
Earnings per Share - Diluted -6% -3% 16% -5% -5%
PE Ratio - Company Adjusted 16.5 14.8 13.3 12.7 11.4
PEG - Company Adjusted n/a n/a 0.8 n/a n/a
Dividend Cover 1.23 1.33 1.41 1.27 1.44
           
Market Capitalisation £ (Millions) 32,459.41 30,782.25 28,156.17 22,572.83 20,920.19
Dividend per Share 42.87p 42.03p 40.85p 39.28p 36.37p
Dividend Yield 4.9% 5.1% 5.3% 6.2% 6.1%
Dividend per Share Growth 2.00% 2.89% 4.00% 8.00% (5.51%)

Key

* GAAP

a. Includes discontinued activities

b. Includes preference dividends

c. Not disclosed under IFRS

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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