National Grid (NG.)

Sector:

Utilities

Index:

FTSE 100

874.40p
   
  • Change Today:
      24.40p
  • 52 Week High: 1,067.40
  • 52 Week Low: 799.70
  • Currency: UK Pounds
  • Shares Issued: 3,510.17m
  • Volume: 2,759,373
  • Market Cap: £30,693m

Income Statement - Unadjusted

  £ (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 5,167.00 5,131.00 4,875.00 5,081.00
Depreciation & Amortisation (1,484.00) (1,432.00) (1,382.00) (1,336.00) (1,336.00)
           
Operating Profit/(Loss) 3,911.00 3,735.00 3,749.00 3,539.00 3,745.00
Interest Payable (1,365.00) (1,051.00) (1,086.00) (2,288.00) (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 2,720.00 2,693.00 2,552.00 2,617.00
Share of Assoc Cos/JV Profits 46.00 28.00 18.00 7.00 7.00
           
Profit Before Tax 1,960.00 2,748.00 2,711.00 2,559.00 2,624.00
Tax (617.00) (284.00) (557.00) (521.00) (461.00)
           
Profit After Tax 1,493.00 2,464.00 2,154.00 2,038.00 2,163.00
           
Discontinued Operations          
Profit After Tax 518.00 n/a n/a n/a n/a
           
PROFIT FOR THE PERIOD 2,011.00 2,464.00 2,154.00 2,038.00 2,163.00
           
Attributable to:          
Equity Shareholders' Earnings 2,019.00 2,476.00 2,153.00 2,036.00 2,159.00
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 cn/a cn/a cn/a cn/a cn/a


Per Share Record - Unadjusted 31-Mar-15 31-Mar-14 31-Mar-13 31-Mar-12 31-Mar-11
Continuing EPS          
Earnings per Share - Basic 39.40p 65.70p 57.80p 55.60p 62.90p
Earnings per Share - Diluted 39.50p 65.40p 57.50p 55.40p 62.50p
Continuing and Discontinued EPS          
Earnings per Share - Basic 52.90p 65.70p 57.80p 55.60p 62.90p
Earnings per Share - Diluted 52.70p 65.40p 57.50p 55.40p 62.50p
           
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% 25.22% 26.11% 25.59% 26.11%
Tax Rate 32.24% 10.44% 20.68% 20.42% 17.62%
Return on Capital Employed 7.94% 9.99% 9.85% 11.03% 11.65%
Continuing Operations & Discontinued Operations          
Return on Equity (ROE) 11.37% 14.27% 13.66% 14.11% 15.11%
           
Financial Status          
Continuing Operations          
Interest Cover 2.44 3.61 3.50 2.12 2.07
Revenue per Share 354.67p 393.23p 385.58p 378.03p 418.04p
Pre-Tax Profit per Share 52.05p 72.97p 72.80p 69.94p 76.48p
           
Market Data          
Continuing Operations          
Earnings per Share Growth - Basic -40% 14% 4% -12% 17%
Earnings per Share Growth - Adjusted -18% -7% 16% -2% -8%
Earnings per Share Growth - Diluted -40% 14% 4% -11% 17%
PE Ratio - Adjusted 19.8 15.4 13.3 12.7 11.7
PEG - Adjusted n/a n/a 0.8 n/a n/a
Dividend Cover 1.02 1.27 1.41 1.27 1.40
Continuing Operations & Discontinued Operations          
Earnings per Share Growth - Basic -20% 14% 4% -12% 17%
Earnings per Share Growth - Adjusted -18% -7% 16% -2% -8%
Earnings per Share Growth - Diluted -19% 14% 4% -11% 17%
PE Ratio - Adjusted 19.8 15.4 13.3 12.7 11.7
PEG - Adjusted n/a n/a 0.8 n/a n/a
Dividend Cover 1.02 1.27 1.41 1.27 1.40
           
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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