Added to YB: 2024-06-04
Pitch date: 2024-06-03
NGG [bullish]
National Grid plc
+39.84%
current return
Author Info
No bio for this author
Company Info
National Grid plc engages in the transmission and distribution of electricity and gas. It operates through UK Electricity Transmission, UK Electricity Distribution, New England, New York, National Grid Ventures, and Other segments.
Market Cap
GBP 58.0B
Pitch Price
GBP 8.00
Price Target
N/A
Dividend
3.99%
EV/EBITDA
13.65
P/E
20.07
EV/Sales
5.71
Sector
Multi-Utilities
Category
special_situation
National Grid plc - $NGG
NGG £7B rights issue: 7 new @ 645p/sh for every 24 owned (35% discount). Funds £60B 5yr investment plan for green infrastructure. Existing holders maintain % if participate. Price -22% on dilution concerns, but 6%+ yield, 6-8% EPS growth expected. Debt high at £43.6B but manageable given stable earnings. Consider post-June 10 for price stability.
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