NATIONAL GRID PLC

(NG.)
  Report
Delayed London Stock Exchange  -  11:35 2022-08-15 am EDT
1151.50 GBX   +1.05%
08/15Germany's Salzgitter seeks exemption from national gas rationing
RE
08/12NATIONAL GRID : Statement on Passage of Inflation Reduction Act
PU
08/11UK's National Grid Scraps Capacity Market Notice To Power Suppliers
MT
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National Grid plc : The underlying trend is to the upside

03/28/2022 | 03:17am EDT
long trade
Target price hit
Entry price : 1126.6GBX | Target : 1220GBX | Stop-loss : 1007GBX | Potential : 8.29%
Shares in National Grid plc show a positive technical chart pattern over the medium term. The timing to jump back on the rising trend seems good.
Investors have an opportunity to buy the stock and target the GBX 1220.
National Grid plc : National Grid plc : The underlying trend is to the upside
Summary
  • Overall, and from a short-term perspective, the company presents an interesting fundamental situation.

Strengths
  • The company's EBITDA/Sales ratio is relatively high and results in high margins before depreciation, amortization and taxes.
  • The company returns high margins, thereby supporting business profitability.
  • This company will be of major interest to investors in search of a high dividend stock.
  • For the last 4 months, the company has been enjoying highly positive EPS revisions, which were frequently and significantly raised.
  • The average price target of analysts who are interested in the stock has been strongly revised upwards over the last four months.

Weaknesses
  • With relatively low growth outlooks, the group is not among those with the highest revenue growth potential.
  • The company is in a hindered financial situation with significant debt and rather low EBITDA levels.
  • With an enterprise value anticipated at 5.26 times the sales for the current fiscal year, the company turns out to be overvalued.
  • The average consensus view of analysts covering the stock has deteriorated over the past four months.
  • Over the past twelve months, analysts' opinions have been revised negatively.
  • Financial statements have repeatedly disappointed market stakeholders. Most often, they were below expectations.

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Financials
Sales 2023 18 393 M 22 213 M 22 213 M
Net income 2023 3 887 M 4 694 M 4 694 M
Net Debt 2023 41 049 M 49 575 M 49 575 M
P/E ratio 2023 11,4x
Yield 2023 4,71%
Capitalization 42 027 M 50 755 M 50 755 M
EV / Sales 2023 4,52x
EV / Sales 2024 4,39x
Nbr of Employees 29 292
Free-Float 93,2%
Upcoming event on NATIONAL GRID PLC
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 13
Last Close Price 1 151,50 GBX
Average target price 1 175,95 GBX
Spread / Average Target 2,12%
EPS Revisions
Managers and Directors
John Mark Pettigrew Chief Operating Officer-UK Gas Distribution
Andrew Jonathan Agg Chief Financial Officer & Executive Director
Paula Rosput Reynolds Chairman
Adriana Karaboutis Group Chief Information & Digital Officer
Lisa M. Lambert Chief Technology & Innovation Officer
Sector and Competitors
1st jan.Capi. (M$)
NATIONAL GRID PLC8.65%50 755
SEMPRA ENERGY26.64%52 292
ELECTRICITÉ DE FRANCE20.64%45 600
ABU DHABI NATIONAL ENERGY COMPANY-4.55%39 180
PUBLIC SERVICE ENTERPRISE GROUP, INC.3.15%33 728
ACWA POWER COMPANY104.52%33 565