National Competitors

Stocks . Germany . 
Stock . National Grid plc
NNGD Stock  EUR 54.00  1.00  1.82%   
National Grid plc competes with Iberdrola, Enel SpA, Enel SpA, National Grid, and Sempra; as well as few others. The company operates under Utilities sector and is part of Utilities - Diversified industry. Analyzing National Grid competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of National Grid to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out National Grid Correlation with its peers.
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of National Grid competition on your existing holdings.
  
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Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of National Grid's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
52.4054.0055.60
Details
Intrinsic
Valuation
LowRealHigh
48.6056.0057.60
Details

National Grid Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between National Grid and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of National and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of National Grid plc does not affect the price movement of the other competitor.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio
High positive correlations   
ENLA
+ 0.88
ENL
NNGD
+ 0.88
NNGF
ENL
+ 0.78
IBE1
GZFB
+ 0.78
IBE1
GZFB
+ 0.68
ENL
ENLA
+ 0.6
IBE1
  
High negative correlations   
SE4
- 0.71
ENL
SE4
- 0.63
ENLA
GZFB
- 0.59
SE4
SE4
- 0.56
IBE1
SE4
- 0.36
NNGF
NNGD
- 0.28
SE4

Risk-Adjusted Indicators

There is a big difference between National Stock performing well and National Grid Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze National Grid's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
All Fundamental Data

National Grid Competitive Analysis

The better you understand National Grid competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, National Grid's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across National Grid's competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
NNGD IBE1 ENL ENLA NNGF SE4 GZFB
 1.82 
 54.00 
National
 0.54 
 13.02 
Iberdrola
 0.74 
 6.81 
Enel
 0.00 
 6.70 
Enel
 0.89 
 11.10 
National
 1.17 
 83.22 
Sempra
 2.67 
 14.60 
ENGIE
Market Volatility
(90 Days Market Risk)
Very steady
Not too volatile
Not too volatile
Somewhat reliable
Not too volatile
Very steady
Very steady
Market Performance
(90 Days Performance)
Very Weak
Very Weak
Very Weak
Very Weak
Very Weak
OK
Very Weak
Odds of Financial Distress
(Probability Of Bankruptcy)
Low
Low
Below Average
Low
Low
Low
Low
Current Valuation
(Equity Enterprise Value)
Fairly Valued
Over Valued
Over Valued
Over Valued
Over Valued
Under Valued
Over Valued
Buy or Sell Advice
(Average Analysts Consensus)
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Trade Advice
(90 Days Macroaxis Advice)
Cautious Hold
Strong Sell
Cautious Hold
Strong Sell
Strong Sell
Strong Buy
Sell
Current Ratio
0.87 X
0.72 X
0.90 X
1.00 X
0.87 X
0.34 X
1.01 X
Net Asset
94.86 B
154.67 B
206.94 B
206.94 B
94.86 B
78.57 B
N/A
Profit Margin
0.15 %
0.08 %
0.02 %
0.02 %
0.15 %
0.15 %
0.08 %
EBITDA
6.43 B
13.48 B
16.55 B
16.55 B
6.43 B
4.42 B
15.28 B
Operating Margin
0.22 %
0.15 %
0.07 %
0.07 %
0.22 %
0.18 %
0.15 %
Current Valuation
96.91 B
109.11 B
85.93 B
85.93 B
96.91 B
74.27 B
N/A
Price To Book
1.44 X
1.25 X
1.75 X
1.72 X
1.43 X
1.95 X
N/A
Five Year Return
5.06 %
3.51 %
4.05 %
4.06 %
4.40 %
2.65 %
6.70 %
Retained Earnings
N/A
N/A
22.26 B
N/A
N/A
N/A
N/A
Current Asset
N/A
N/A
33.36 B
N/A
N/A
N/A
N/A
Beta
0.3
0.53
0.91
0.91
0.3
0.71
1.09
Number Of Employees
29.29 K
40.09 K
67.38 K
67.38 K
29.29 K
10
N/A
Shares Outstanding
735.27 M
6.18 B
10.16 B
10.16 B
3.68 B
314.33 M
2.4 B
Cash Flow From Operations
6.27 B
10.44 B
10.07 B
10.07 B
6.27 B
1.14 B
7.25 B
Annual Yield
0.05 %
0.04 %
0.08 %
0.08 %
0.05 %
0.03 %
0.07 %
Total Debt
32.89 B
36.3 B
52.21 B
52.21 B
32.89 B
24.55 B
37.31 B
Return On Equity
0.13
0.0898
0.0664
0.0664
0.13
0.0806
0.14
Z Score
0.6
0.6
0.6
N/A
0.6
0.6
N/A
Return On Asset
0.031
0.0336
0.0231
0.0231
0.031
0.0212
0.0311
Book Value Per Share
35.51 X
6.07 X
2.83 X
2.83 X
7.10 X
86.15 X
18.70 X
Current Liabilities
N/A
N/A
37.78 B
N/A
N/A
N/A
N/A
Total Asset
94.86 B
154.67 B
206.94 B
206.94 B
94.86 B
78.57 B
N/A
Debt To Equity
153.90 %
86.00 %
123.60 %
126.80 %
153.90 %
136.10 %
94.60 %
Last Dividend Paid
0.52
N/A
0.39
0.39
0.52
4.58
0.85
Target Price
N/A
6.03
N/A
N/A
N/A
150.46
N/A
Shares Owned By Institutions
3.70 %
44.17 %
35.36 %
0.12 %
47.83 %
88.68 %
0.01 %
Market Capitalization
42.15 B
66.03 B
52.78 B
52.15 B
43.56 B
43.42 B
31.31 B
Price To Earning
7.24 X
16.46 X
13.09 X
12.68 X
7.20 X
18.54 X
15.73 X
Price To Earnings To Growth
5.50 X
2.24 X
4.84 X
4.76 X
5.43 X
3.46 X
N/A
Price To Sales
2.04 X
1.37 X
0.39 X
0.39 X
2.04 X
3.21 X
N/A
Net Income
2.35 B
4.34 B
3.19 B
3.19 B
2.35 B
2.14 B
846 M
Earnings Per Share
4.53 X
0.69 X
0.24 X
0.24 X
0.91 X
6.23 X
2.46 X
Shares Owned By Insiders
0.01 %
0.23 %
23.58 %
N/A
0.14 %
0.04 %
N/A
Revenue
18.26 B
53.95 B
94.89 B
94.89 B
18.26 B
14.44 B
75.99 B
Working Capital
N/A
N/A
(4.42 B)
N/A
N/A
N/A
N/A
Cash And Equivalents
2.36 B
2.4 B
9.18 B
22.24 B
4 B
168 M
10.69 B
Cash Per Share
3.51 X
0.38 X
0.90 X
2.26 X
1.19 X
0.61 X
4.21 X
Gross Profit
18.45 B
21.05 B
18.64 B
18.64 B
18.45 B
4.58 B
19.06 B
Day Typical Price
54.0
12.97
6.79
6.7
11.1
83.22
14.6
Accumulation Distribution
N/A
0.0108
0.0103
N/A
N/A
N/A
N/A
Market Facilitation Index
N/A
0.14
0.07
N/A
N/A
N/A
N/A
Daily Balance Of Power
(9,223,372,036,855)
0.5
0.7143
0.0
(9,223,372,036,855)
9.2 T
(9,223,372,036,855)
Period Momentum Indicator
(1.00)
0.07
0.05
N/A
(0.10)
0.96
(0.40)
Rate Of Daily Change
0.98
1.01
1.01
1.0
0.99
1.01
0.97
Day Median Price
54.0
12.95
6.78
6.7
11.1
83.22
14.6
Price Action Indicator
(0.50)
0.1
0.06
N/A
(0.05)
0.48
(0.20)
Coefficient Of Variation
(1,237)
(2,762)
(2,442)
6683.21
(1,519)
769.05
(1,160)
Mean Deviation
1.21
1.03
0.8433
1.01
1.36
1.17
0.6574
Jensen Alpha
(0.15)
(0.05)
(0.05)
0.0097
(0.13)
0.1796
(0.09)
Total Risk Alpha
(0.19)
(0.1)
(0.08)
(0.03)
(0.18)
0.1545
(0.11)
Sortino Ratio
N/A
N/A
N/A
(0)
N/A
0.1517
N/A
Downside Variance
N/A
N/A
N/A
3.98
N/A
1.39
N/A
Standard Deviation
1.64
1.36
1.04
1.6
1.81
1.63
0.8919
Kurtosis
1.25
1.38
(0.28)
7.11
1.33
4.07
0.9564
Potential Upside
2.54
2.0
1.53
2.36
2.51
3.37
1.34
Treynor Ratio
(0.61)
0.1968
(0.56)
0.0756
(2.07)
0.2068
6.16
Maximum Drawdown
9.92
7.6
4.3
13.1
11.02
9.53
4.71
Variance
2.68
1.84
1.09
2.57
3.29
2.66
0.7955
Market Risk Adjusted Performance
(0.60)
0.2068
(0.55)
0.0856
(2.06)
0.2168
6.17
Risk Adjusted Performance
(0.06)
(0.02)
(0.03)
0.0169
(0.05)
0.1082
(0.07)
Skewness
0.201
(0.32)
(0.18)
0.2313
(0.35)
1.46
(0.35)
Semi Deviation
N/A
N/A
N/A
1.4
N/A
0.9942
N/A
Information Ratio
(0.10)
(0.06)
(0.07)
(0.01)
(0.08)
0.1097
(0.12)
Value At Risk
(2.56)
(2.26)
(1.91)
(2.21)
(3.24)
(1.92)
(1.32)
Expected Short fall
N/A
N/A
N/A
(1.36)
N/A
(1.45)
N/A
Downside Deviation
N/A
N/A
N/A
2.0
N/A
1.18
N/A
Semi Variance
N/A
N/A
N/A
1.97
N/A
0.9885
N/A

National Grid Competition Performance Charts

Five steps to successful analysis of National Grid Competition

National Grid's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by National Grid plc in relation to its competition. National Grid's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of National Grid in the market, both direct and indirect, as well as new entrants and disruptive technologies.
  • Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
  • Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact National Grid's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to National Grid plc, and developing a strategy to address them.
  • Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your National Grid position

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Disruptive Technologies Theme
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You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Disruptive Technologies Theme or any other thematic opportunities.
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Additional Information and Resources on Investing in National Stock

When determining whether National Grid plc is a strong investment it is important to analyze National Grid's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact National Grid's future performance. For an informed investment choice regarding National Stock, refer to the following important reports:
How To Invest In National
Details
Is National Stock a good investment?
Details
What is National Grid's Net Worth?
Details
Largest Multi-Utilities Companies
View
Largest Utilities - Regulated Electric Companies
View
Check out National Grid Correlation with its peers.
You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Altman
Z Score
Details
Intrinsic
Valuation
Details
Financial
Analysis
Details
Buy or Sell
Advice
Details
Technical
Analysis
Details
Please note, there is a significant difference between National Grid's value and its price as these two are different measures arrived at by different means. Investors typically determine if National Grid is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, National Grid's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
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