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National Grid plc (NYSE: NGG) – Is this large market cap stock undervalued?

National Grid plc (NYSE: NGG), is firmly in the large market cap category with market cap of 52184.31. To be considered a large market cap stock companies have to be valued at more than $10 billion. The current price for National Grid plc is 70.35 (with a change from open of -0.31%), this in conjunction with a target price of 75.27. Volume today has so far reached 231104, with an average volume of about 535.3. The GAP for this stock, is 1.42%.

The P/E ratio is 15.3, bringing the forward P/E to a value of 15.4. The current EPS for National Grid plc, is 4.55, with a EPS growth for this year coming to a value of 28.70%. Performance has been interesting with performance year to date coming to 2.91%.

Looking further into the growth statistics for National Grid plc, EPS is looking like it will grow 4.63% in the next year. Looking even further it is projected to be 2.80%. Quarter over quarter is 27.00% for EPS growth and for sales growth quarter over quarter it is 2.10%. Looking at past EPS growth statistics we see that for the past five years it has been 2.40%. Sales growth for the past five years has in fact been 1.10%.

Looking at the ownership, we see that the insider ownership is at 3.50% and institutional ownership is 6.40%. Shares outstanding is 749.99, while shares float is at a value of 720.51. Float short for National Grid plc is 0.14% and the short ratio is 1.83.

In terms of debt, long term debt/equity is 1.82, while the total debt/equity comes to 2.09. The ability to meet these debts, means that the current ratio is 0.8, and the quick ratio is 0.8. The most recent gross margin is and their operating margin is 27.00%. The profit margin is 17.10%.

National Grid plc has seen returns on assets of 4.70%, and on investment, 8.70%. Return on equity is 20.80%. Price/Earnings to growth ratio is 5.46. Price/Sales ratio is at a value of 2.61, with Price/book ratio coming to 2.91 and Price/cash is 12.62, and finally Price/Free cash Flow is 97.83.

The simple moving averages are -1.83% and 1.22% for 20 day and 200 day simple moving average respectively. For the 52 week high and low the 52 week high is -6.16% and the 52 week low is 12.03%.

National Grid plc has a dividend yield of 4.57%, with a current price of 70.35. The ability to pay this means the payout ratio is 62.80%. This is in an industry, Gas Utilities, with equally high dividends from other companies in this sector, which it is Utilities. National Grid plc is based in United Kingdom.

Performance in the Gas Utilities industry means that National Grid plc has seen performance for the past week of -0.32%, with performance for the month coming to -2.11%. Looking at the data for the quarter it is at a value of -0.78%, and for the half year the performance is 8.98%. Volatility for this week is 1.07% and for the month this is 1.02%.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

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Peter Clarke

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