National Grid owns and operates the electric transmission system in England and Wales. It sold the bulk of its UK gas transmission business in fiscal 2023 to fund the acquisition of PPL's UK power distribution assets. In the Northeastern United States, it serves electricity and gas customers combined in three states. It also owns regulated transmission and electricity generation in the United States, metering services, merchant transmission lines in the UK, and the Grain (UK) liquefied natural gas facility.

Financial Strength

4/10

Name	Current	Vs Industry
Cash-To-Debt	0.09
Equity-to-Asset	0.3
Debt-to-Equity	1.58
Debt-to-EBITDA	6.89
Interest Coverage	3.17
Piotroski F-Score	4/9	0 1 2 3 4 5 6 7 8 9
Altman Z-Score	1.23	Distress Grey Safe
Beneish M-Score	-2.94	Manipulator Not Manipulator
WACC vs ROIC		WACC ROIC

Growth Rank

4/10

	Name	Current	Vs Industry		Vs History
	3-Year Revenue Growth Rate	11.5
	3-Year EBITDA Growth Rate	17.2
	3-Year EPS without NRI Growth Rate	22.1
	3-Year FCF Growth Rate	-49.5
	3-Year Book Growth Rate	12.8

Momentum Rank

7/10

	Name	Current	Vs Industry		Vs History
	5-Day RSI	34.62
	9-Day RSI	36.33
	14-Day RSI	39.33
	6-1 Month Momentum %	1
	12-1 Month Momentum %	8.82

Liquidity Ratio

	Name	Current	Vs Industry		Vs History
	Current Ratio	0.91
	Quick Ratio	0.85
	Cash Ratio	0.37
	Days Inventory	50.66
	Days Sales Outstanding	51.63
	Days Payable	207.97

Dividend & Buy Back

	Name	Current	Vs Industry		Vs History
	Dividend Yield %	5.79
	Dividend Payout Ratio	0.74
	3-Year Dividend Growth Rate	5.2
	Forward Dividend Yield %	5.79
	5-Year Yield-on-Cost %	6.91
	3-Year Average Share Buyback Ratio	-1.6
	Shareholder Yield %	5.44

Profitability Rank

7/10

	Name	Current	Vs Industry		Vs History
	Gross Margin %	73.32
	Operating Margin %	27.52
	Net Margin %	11.54
	FCF Margin %	-2.59
	ROE %	7.73
	ROA %	2.41
	ROIC %	4.36
	3-Year ROIIC %	6.48
	ROC (Joel Greenblatt) %	7.12
	ROCE %	5.58
	Years of Profitability over Past 10-Year	10

GF Value Rank

6/10

	Name	Current	Vs Industry		Vs History
	PE Ratio	17.34
	Forward PE Ratio	13.87
	PE Ratio without NRI	13.81
	Shiller PE Ratio	9.95
	PEG Ratio	1.17
	PS Ratio	2
	PB Ratio	1.33
	Price-to-Tangible-Book	2.38
	Price-to-Operating-Cash-Flow	5.72
	EV-to-EBIT	19.05
	EV-to-Forward-EBIT	17.47
	EV-to-EBITDA	13.3
	EV-to-Forward-EBITDA	12.08
	EV-to-Revenue	4.58
	EV-to-Forward-Revenue	7.22
	EV-to-FCF	-176.78
	Price-to-Projected-FCF	1.55
	Price-to-Median-PS-Value	0.89
	Price-to-Peter-Lynch-Fair-Value	1.08
	Price-to-Graham-Number	1.21
	Earnings Yield (Greenblatt) %	5.25
	FCF Yield %	-1.07
	Forward Rate of Return (Yacktman) %	12

GF Value: £9.83

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