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National Grid PLC (NYSE:NGG)
Price-to-Free-Cash-Flow Ratio
37.40 (As of Today)

As of today, National Grid PLC's share price is $74.41. National Grid PLC's Free Cash Flow per Share for the trailing twelve months (TTM) ended in Mar. 2014 was $2.00. Hence, National Grid PLC's Price-to-Free-Cash-Flow Ratio for today is 37.40.

NGG' s 10-Year Price-to-Free-Cash-Flow ratio Range
Min: 9.95   Max: 83.6
Current: 37.4

9.95
83.6

During the past 13 years, National Grid PLC's highest Price-to-Free-Cash-Flow Ratio was 83.60. The lowest was 9.95. And the median was 26.83.

NGG's Price-to-Free-Cash-Flow ratiois ranked higher than
72% of the 858 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 85.80 vs. NGG: 37.40 )

National Grid PLC's Free Cash Flow per Share for the six months ended in Mar. 2014 was $1.55. Its Free Cash Flow per Share for the trailing twelve months (TTM) ended in Mar. 2014 was $2.00.

During the past 12 months, the average Free Cash Flow per Share Growth Rate of National Grid PLC was 166.70% per year. During the past 3 years, the average Free Cash Flow per Share Growth Rate was -21.70% per year. During the past 5 years, the average Free Cash Flow per Share Growth Rate was -26.20% per year. During the past 10 years, the average Free Cash Flow per Share Growth Rate was -3.30% per year.

During the past 13 years, National Grid PLC's highest 3-Year average Free Cash Flow per Share Growth Rate was 138.10% per year. The lowest was 0.00% per year. And the median was -19.30% per year.


Definition

National Grid PLC's Price-to-Free-Cash-Flow ratio for today is calculated as

Price-to-Free-Cash-Flow Ratio=Share Price/Free Cash Flow per Share (TTM)
=74.41/2
=37.21

National Grid PLC's Share Price of today is $74.41.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. National Grid PLC's Free Cash Flow per Share for the trailing twelve months (TTM) ended in Mar. 2014 was $2.00.

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

It can also be calculated from the numbers for the whole company:

Price-to-Free-Cash-Flow Ratio=Market Cap/Free Cash Flow

Explanation

Free Cash Flow is considered more important than earnings by value investors. The reason is because, in principle, only the net cash that can be taken from the business belongs to shareholders. This Free Cash Flow can be used to grow the business, reduce debt or return to shareholders in dividends or share buybacks.

In a DCF Calculation Free Cash Flow is used to determine the intrinsic value of companies.


Be Aware

In real business, Free Cash Flow can be affected by the change in accounts receivable, accounts payable, management’s decision on expansion, etc. Therefore, investors should look at the Free Cash Flow over the longer term. Long-term average of Free Cash Flow is a more reliable indicator for real free cash flow.


Related Terms

Free Cash Flow, Free Cash Flow per Share, P/S Ratio, P/B Ratio, P/E Ratio


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

National Grid PLC Annual Data

Mar05Mar06Mar07Mar08Mar09Mar10Mar11Mar12Mar13Mar14
pfcf 20.6113.6329.5462.8659.5013.0911.8826.2776.5034.25

National Grid PLC Semi-Annual Data

Sep09Mar10Sep10Mar11Sep11Mar12Sep12Mar13Sep13Mar14
pfcf 0.0013.098.5711.8814.8526.2737.9476.500.0034.25
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