National Grid (NG.)

Sector:

Utilities

Index:

FTSE 100

917.20p
   
  • Change Today:
    -5.00p
  • 52 Week High: 1,067.40
  • 52 Week Low: 799.70
  • Currency: UK Pounds
  • Shares Issued: 3,510.17m
  • Volume: 9,841,207
  • Market Cap: £32,195m

Dividend Data

  31-Mar-2031-Mar-1931-Mar-1831-Mar-1731-Mar-16
Interim Dividend16.57p16.08p15.49p15.17p15.00p
Final Dividend32.00p31.26p30.44p29.10p28.34p
Total Dividend48.57p47.34p45.93p44.27p43.34p
For more dividend details, click here

Fundamentals - based on IFRS

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Income Statement 31-Mar-20 31-Mar-19 31-Mar-18 31-Mar-17 31-Mar-16
Continuing Operations          
Revenue 1,454.00 14,933.00 15,250.00 15,035.00 13,212.00
Operating Profit/(Loss) 2,780.00 2,870.00 3,493.00 3,208.00 3,225.00
Net Interest (1,113.00) (1,069.00) (882.00) (1,087.00) (955.00)
Profit Before Tax 1,754.00 1,841.00 2,660.00 2,184.00 2,329.00
Profit After Tax 1,274.00 1,502.00 3,549.00 1,810.00 1,902.00
Discontinued Operations          
Profit After Tax (9.00) 12.00 2.00 5,984.00 692.00
PROFIT FOR THE PERIOD 1,265.00 1,514.00 3,551.00 7,794.00 2,594.00
Attributable to:          
Equity Holders of Parent Company 1,264.00 1,511.00 3,550.00 7,795.00 2,591.00
Minority Interests 1.00 3.00 1.00 (1.00) 3.00
           
Continuing EPS          
Earnings per Share - Basic 36.80p 44.30p 102.50p 48.10p 50.40p
Earnings per Share - Diluted 36.60p 44.10p 102.10p 47.90p 50.20p
Earnings per Share - Adjusted 55.20p 59.00p 55.30p 56.90p 48.00p
Continuing and Discontinued EPS          
Earnings per Share - Basic 36.50p 44.60p 102.60p 207.10p 68.70p
Earnings per Share - Diluted 36.30p 44.40p 102.10p 206.20p 68.40p
Earnings per Share - Adjusted 55.20p 59.00p 55.30p 56.90p 48.00p
           
Dividend per Share 48.57p 47.34p 45.93p 44.27p 43.34p
  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Balance Sheet 31-Mar-20 31-Mar-19 31-Mar-18 31-Mar-17 31-Mar-16
Assets          
Non-Current Assets          
Property, Plant & Equipment 48,770.00 43,913.00 39,853.00 39,825.00 43,364.00
Intangible Assets 7,528.00 6,953.00 6,343.00 7,019.00 6,202.00
Investment Properties n/a n/a n/a n/a n/a
Investments 1,538.00 1,275.00 3,067.00 2,083.00 397.00
Other Financial Assets 1,249.00 1,045.00 1,319.00 2,667.00 2,167.00
Other Non-Current Assets 2,203.00 1,831.00 1,524.00 672.00 492.00
  61,288.00 55,017.00 52,106.00 52,266.00 52,622.00
Current Assets          
Inventories 549.00 370.00 341.00 403.00 437.00
Trade & Other Receivables 2,986.00 3,153.00 2,798.00 2,728.00 2,395.00
Cash at Bank & in Hand 73.00 252.00 329.00 1,139.00 127.00
Current Asset Investments 1,998.00 1,981.00 2,694.00 n/a 2,998.00
Other Current Assets 195.00 2,190.00 519.00 9,304.00 355.00
  5,801.00 7,946.00 6,681.00 13,574.00 6,312.00
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 67,089.00 62,963.00 58,787.00 65,840.00 58,934.00
           
Liabilities          
Current Liabilities          
Borrowings 4,072.00 4,472.00 4,447.00 5,496.00 3,611.00
Other Current Liabilities 4,492.00 4,657.00 4,250.00 5,015.00 4,110.00
  8,564.00 9,129.00 8,697.00 10,511.00 7,721.00
           
Net Current Assets cn/a cn/a cn/a cn/a cn/a
           
Non-Current Liabilities          
Borrowings 26,722.00 24,258.00 22,178.00 23,142.00 24,733.00
Provisions 6,490.00 5,848.00 5,415.00 6,651.00 6,117.00
Other Non-Current Liabilities 5,729.00 4,359.00 3,649.00 5,152.00 6,798.00
  38,941.00 34,465.00 31,242.00 34,945.00 37,648.00
           
Other Liabilities n/a n/a n/a n/a n/a
Total Liabilities 47,505.00 43,594.00 39,939.00 45,456.00 45,369.00
           
Net Assets 19,584.00 19,369.00 18,848.00 20,384.00 13,565.00
           
Capital & Reserves          
Share Capital 470.00 458.00 452.00 449.00 447.00
Share Premium Account 1,301.00 1,314.00 1,321.00 1,324.00 1,326.00
Other Reserves (3,919.00) (4,237.00) (4,540.00) (3,987.00) (4,523.00)
Retained Earnings 21,710.00 21,814.00 21,599.00 22,582.00 16,305.00
Shareholders Funds 19,562.00 19,349.00 18,832.00 20,368.00 13,555.00
           
Minority Interests/Other Equity 22.00 20.00 16.00 16.00 10.00
Total Equity 19,584.00 19,369.00 18,848.00 20,384.00 13,565.00
Cash Flow 31-Mar-20 31-Mar-19 31-Mar-18 31-Mar-17 31-Mar-16
Net Cash Flow From Operating Activities 4,618.00 4,318.00 4,503.00 5,229.00 5,368.00
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 (3,195.00) (3,446.00) 2,237.00 (4,314.00) (4,036.00)
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 (1,606.00) (952.00) (7,547.00) 69.00 (1,328.00)
Net Increase/Decrease In Cash (183.00) (80.00) (807.00) 984.00 4.00
Ratios - based on IFRS 31-Mar-20 31-Mar-19 31-Mar-18 31-Mar-17 31-Mar-16
Continuing Operations          
PE Ratio - Adjusted 17.1 14.4 14.5 17.9 20.6
PEG - Adjusted n/a 2.1 n/a 1.0 2.3
Earnings per Share Growth - Adjusted -6% 7% -3% 18% 9%
Dividend Cover 1.14 1.25 1.20 1.29 1.11
Revenue per Share 41.42p 425.42p 434.45p 428.33p 376.39p
Pre-Tax Profit per Share 49.97p 52.45p 75.78p 62.22p 66.35p
Operating Margin 191.20% 19.22% 22.90% 21.34% 24.41%
Return on Capital Employed 5.81% 6.19% 7.95% 6.72% 7.85%
Continuing & Discontinued Operations          
PE Ratio - Adjusted 17.1 14.4 14.5 17.9 20.6
PEG - Adjusted n/a 2.1 n/a 1.0 2.3
Earnings per Share Growth - Adjusted -6% 7% -3% 18% 9%
Dividend Cover 1.14 1.25 1.20 1.29 1.11
           
Dividend Yield 5.1% 5.6% 5.7% 4.4% 4.4%
Dividend per Share Growth 2.60% 3.07% 3.75% 2.15% 1.10%
Operating Cash Flow per Share 131.56p 123.01p 128.28p 148.97p 152.93p
Cash Incr/Decr per Share (5.21p) (2.28p) (22.99p) 28.03p 0.11p
Net Asset Value per Share (exc. Intangibles) 343.46p 353.72p 356.25p 380.75p 209.76p
Net Gearing 157.04% 147.18% 139.63% 135.01% 208.17%

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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