` Comparison: NG, IBE - Alpha Spread

NG
vs
IBE

Over the past 12 months, NG has underperformed IBE, delivering a return of +13% compared to the IBE's +26% growth.

Smart Verdict
AI-Powered

Not Sure Which Stock Wins?
Let AI Decide.
NG
IBE
One-click summary across all key metrics.
Ranked results with clear takeaways.
No spreadsheets, no guesswork.
One-click summary across all key metrics.
Ranked results with clear takeaways.
No spreadsheets, no guesswork.
Start AI Comparison
Valuation
Growth
Profitability
Solvency
Comparing Valuation
Running a multi-layered valuation analysis to compare how attractive each stock is.
Comparing Growth
Financial growth, forecasts, volatility, and historical drawdowns.
Comparing Profitability
Margins, returns on capital, and the consistency of profitability.
Comparing Solvency
Debt levels, liquidity, interest coverage, and bankruptcy risk.
Summarizing...
We need a little more time to summarize the results

Valuation Comparison

NG Intrinsic Value
1 161.48 GBX
Undervaluation 9%
Intrinsic Value
Price
IBE Intrinsic Value
16.63 EUR
Undervaluation 8%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
National Grid PLC
LSE:NG
1 056 GBX
Iberdrola SA
MAD:IBE
15.29 EUR
Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
NG, IBE

Revenue
www.alphaspread.com
Company LTM Historical Growth Growth Streak % Positive Years Max Drawdown Volatility Forecasted Growth
3 Years 5 Years 10 Years 1 Year 3 Years
National Grid PLC
Revenue
Iberdrola SA
Revenue

All metrics are calculated based on data from the last 10 years.

Profitability Comparison

Free Cash Flow
NG, IBE

Free Cash Flow
www.alphaspread.com
Company LTM Average Historical Growth FCF Margin Conversion
3 Years 5 Years 3 Years 5 Years 10 Years
National Grid PLC
LSE:NG
Iberdrola SA
MAD:IBE
What is Free Cash Flow?

Gross Margin

NG
83.6%
IBE
47.2%
LTM 3Y Avg 5Y Avg 10Y Avg
National Grid PLC
Iberdrola SA

Operating Margin

NG
28.4%
IBE
18.6%
LTM 3Y Avg 5Y Avg 10Y Avg
National Grid PLC
Iberdrola SA

Net Margin

NG
15.8%
IBE
11.2%
LTM 3Y Avg 5Y Avg 10Y Avg
National Grid PLC
Iberdrola SA

FCF Margin

NG
-14.3%
IBE
7.9%
LTM 3Y Avg 5Y Avg 10Y Avg
National Grid PLC
Iberdrola SA

ROE

NG
8.6%
IBE
10.8%
LTM 3Y Avg 5Y Avg 10Y Avg
National Grid PLC
Iberdrola SA

ROA

NG
2.8%
IBE
3.2%
LTM 3Y Avg 5Y Avg 10Y Avg
National Grid PLC
Iberdrola SA

ROIC

NG
4.4%
IBE
4.5%
LTM 3Y Avg 5Y Avg 10Y Avg
National Grid PLC
Iberdrola SA

ROCE

NG
5.7%
IBE
6.6%
LTM 3Y Avg 5Y Avg 10Y Avg
National Grid PLC
Iberdrola SA

Solvency Comparison

Balance Sheet Comparison

Stocks Performance

Stocks Performance
NG, IBE

Loading

Performance Gap
NG, IBE

Loading
NG
IBE
Difference
www.alphaspread.com

Performance By Year
NG, IBE

Loading
Not Sure Which Stock Wins?
Let AI Decide
One-click summary across all key metrics.
Ranked results with clear takeaways.
No spreadsheets, no guesswork.
Start AI Comparison
Compare NG to other stocks
Unlock Full Access to Alpha Spread
Create Free Account