CEG vs. NGG: A Head-to-Head Stock Comparison
Here’s a clear look at CEG and NGG, comparing key factors like historical performance, profitability, financial strength, growth, dividend, and valuation.
Company Profile
| Symbol | CEG | NGG |
|---|---|---|
| Company Name | Constellation Energy Corporation | National Grid plc |
| Country | United States | United Kingdom |
| GICS Sector | Utilities | Utilities |
| GICS Industry Group | Utilities | Utilities |
| GICS Industry | Electric Utilities | Multi-Utilities |
| GICS Sub-Industry | Electric Utilities | Multi-Utilities |
| Market Capitalization | 108.58 billion USD | 86.73 billion USD |
| Currency | USD | USD |
| Exchange | NasdaqGS | NYSE |
| Listing Date | January 19, 2022 | August 10, 2005 |
| Security Type | Common Stock | ADR |
CEG is a standard domestic listing, while NGG trades as an American Depositary Receipt (ADR), offering U.S. investors access to its foreign-listed shares.
CEG’s market capitalization stands at 108.58 billion USD, while NGG’s is 86.73 billion USD, indicating their market valuations are broadly comparable.
NGG is an American Depositary Receipt (ADR), allowing U.S. investors direct exposure to its non-U.S. operations. CEG, on the other hand, is a domestic entity.
Historical Performance
This chart compares the performance of CEG and NGG by tracking the growth of an initial $10,000 investment in each. Use the tabs to select the desired time period. Data is adjusted for dividends and splits.
Historical Performance at a Glance
| Symbol | CEG | NGG |
|---|---|---|
| 5-Day Price Return | -6.47% | -1.10% |
| 13-Week Price Return | 14.64% | -0.31% |
| 26-Week Price Return | -20.66% | 12.65% |
| 52-Week Price Return | 10.44% | 24.74% |
| Month-to-Date Return | -4.25% | -2.61% |
| Year-to-Date Return | -15.17% | 11.96% |
| 10-Day Avg. Volume | 3.00M | 9.32M |
| 3-Month Avg. Volume | 3.46M | 7.64M |
| 3-Month Volatility | 50.38% | 24.05% |
| Beta | 1.15 | 0.89 |
With betas of 1.15 for CEG and 0.89 for NGG, both stocks show similar sensitivity to overall market movements.
Profitability
Return on Equity (TTM)
CEG
16.78%
Electric Utilities Industry
- Max
- 16.78%
- Q3
- 12.22%
- Median
- 9.88%
- Q1
- 8.29%
- Min
- 2.48%
In the upper quartile for the Electric Utilities industry, CEG’s Return on Equity of 16.78% signals a highly effective use of shareholder capital to drive profitability compared to most of its peers.
NGG
7.66%
Multi-Utilities Industry
- Max
- 13.38%
- Q3
- 11.57%
- Median
- 10.23%
- Q1
- 8.14%
- Min
- 5.82%
NGG’s Return on Equity of 7.66% is in the lower quartile for the Multi-Utilities industry. This indicates a less efficient generation of profit from its equity base when compared to its competitors.
Net Profit Margin (TTM)
CEG
9.08%
Electric Utilities Industry
- Max
- 24.34%
- Q3
- 16.77%
- Median
- 13.76%
- Q1
- 9.08%
- Min
- 1.00%
CEG’s Net Profit Margin of 9.08% is aligned with the median group of its peers in the Electric Utilities industry. This indicates its ability to convert revenue into profit is typical for the sector.
NGG
22.58%
Multi-Utilities Industry
- Max
- 22.58%
- Q3
- 16.48%
- Median
- 13.17%
- Q1
- 9.66%
- Min
- 3.33%
A Net Profit Margin of 22.58% places NGG in the upper quartile for the Multi-Utilities industry, signifying strong profitability and more effective cost management than most of its peers.
Operating Profit Margin (TTM)
CEG
12.09%
Electric Utilities Industry
- Max
- 38.77%
- Q3
- 25.23%
- Median
- 21.36%
- Q1
- 14.23%
- Min
- 0.20%
CEG’s Operating Profit Margin of 12.09% is in the lower quartile for the Electric Utilities industry. This indicates weaker profitability from core operations, which may stem from inefficiencies or competitive pressures on pricing.
NGG
40.12%
Multi-Utilities Industry
- Max
- 28.14%
- Q3
- 25.53%
- Median
- 23.12%
- Q1
- 18.56%
- Min
- 12.00%
NGG’s Operating Profit Margin of 40.12% is exceptionally high, placing it well above the typical range for the Multi-Utilities industry. This demonstrates outstanding efficiency in managing its core operations, which can be a result of strong pricing power or superior cost control.
Profitability at a Glance
| Symbol | CEG | NGG |
|---|---|---|
| Return on Equity (TTM) | 16.78% | 7.66% |
| Return on Assets (TTM) | 4.24% | 2.73% |
| Net Profit Margin (TTM) | 9.08% | 22.58% |
| Operating Profit Margin (TTM) | 12.09% | 40.12% |
| Gross Profit Margin (TTM) | 42.50% | -- |
Financial Strength
Current Ratio (MRQ)
CEG
1.53
Electric Utilities Industry
- Max
- 1.91
- Q3
- 1.17
- Median
- 0.77
- Q1
- 0.59
- Min
- 0.45
CEG’s Current Ratio of 1.53 is in the upper quartile for the Electric Utilities industry. This signifies a strong liquidity position, suggesting the company is well-equipped to cover its immediate liabilities compared to its peers.
NGG
0.97
Multi-Utilities Industry
- Max
- 1.35
- Q3
- 1.00
- Median
- 0.83
- Q1
- 0.73
- Min
- 0.56
NGG’s Current Ratio of 0.97 aligns with the median group of the Multi-Utilities industry, indicating that its short-term liquidity is in line with its sector peers.
Debt-to-Equity Ratio (MRQ)
CEG
0.62
Electric Utilities Industry
- Max
- 2.76
- Q3
- 1.84
- Median
- 1.58
- Q1
- 1.11
- Min
- 0.04
Falling into the lower quartile for the Electric Utilities industry, CEG’s Debt-to-Equity Ratio of 0.62 points to a conservative financing strategy. This results in lower financial risk but potentially limits strategic investments compared to more leveraged competitors.
NGG
1.23
Multi-Utilities Industry
- Max
- 2.17
- Q3
- 1.89
- Median
- 1.52
- Q1
- 1.23
- Min
- 1.11
NGG’s Debt-to-Equity Ratio of 1.23 is typical for the Multi-Utilities industry, indicating its use of leverage is in line with the sector norm. This suggests a balanced approach to its capital structure.
Interest Coverage Ratio (TTM)
CEG
7.87
Electric Utilities Industry
- Max
- 5.72
- Q3
- 3.81
- Median
- 2.74
- Q1
- 2.51
- Min
- 1.97
With an Interest Coverage Ratio of 7.87, CEG demonstrates a superior capacity to service its debt, placing it well above the typical range for the Electric Utilities industry. This stems from either robust earnings or a conservative debt load.
NGG
4.29
Multi-Utilities Industry
- Max
- 4.42
- Q3
- 3.47
- Median
- 2.78
- Q1
- 2.56
- Min
- 1.82
NGG’s Interest Coverage Ratio of 4.29 is in the upper quartile for the Multi-Utilities industry, signifying a strong and healthy capacity to meet its interest payments from operating profits.
Financial Strength at a Glance
| Symbol | CEG | NGG |
|---|---|---|
| Current Ratio (MRQ) | 1.53 | 0.97 |
| Quick Ratio (MRQ) | 1.31 | 0.90 |
| Debt-to-Equity Ratio (MRQ) | 0.62 | 1.23 |
| Interest Coverage Ratio (TTM) | 7.87 | 4.29 |
Growth
Revenue Growth
Revenue Growth at a Glance
| Symbol | CEG | NGG |
|---|---|---|
| Revenue Growth (MRQ vs Prior YoY) | 12.86% | -31.45% |
| Revenue Growth (TTM vs Prior YoY) | 8.34% | 65.31% |
| 3-Year Revenue CAGR | 1.47% | 38.40% |
| 5-Year Revenue CAGR | 7.72% | 31.89% |
EPS Growth
EPS Growth at a Glance
| Symbol | CEG | NGG |
|---|---|---|
| EPS Growth (MRQ vs Prior YoY) | -48.97% | -12.87% |
| EPS Growth (TTM vs Prior YoY) | -37.71% | 28.15% |
| 3-Year EPS CAGR | -- | 4.20% |
| 5-Year EPS CAGR | 32.52% | 15.16% |
Dividend
Dividend Yield (TTM)
CEG
0.45%
Electric Utilities Industry
- Max
- 5.08%
- Q3
- 3.46%
- Median
- 2.73%
- Q1
- 2.12%
- Min
- 0.45%
CEG’s Dividend Yield of 0.45% is in the lower quartile for the Electric Utilities industry. This suggests the company’s strategy likely favors retaining earnings for growth over providing a high dividend income.
NGG
2.54%
Multi-Utilities Industry
- Max
- 4.16%
- Q3
- 3.37%
- Median
- 3.02%
- Q1
- 2.62%
- Min
- 2.10%
NGG’s Dividend Yield of 2.54% is in the lower quartile for the Multi-Utilities industry. This suggests the company’s strategy likely favors retaining earnings for growth over providing a high dividend income.
Dividend Payout Ratio (TTM)
CEG
20.96%
Electric Utilities Industry
- Max
- 91.63%
- Q3
- 66.08%
- Median
- 57.96%
- Q1
- 30.39%
- Min
- 0.00%
CEG’s Dividend Payout Ratio of 20.96% is in the lower quartile for the Electric Utilities industry. This suggests a conservative dividend policy, with a strategic focus on reinvesting profits for future growth.
NGG
56.13%
Multi-Utilities Industry
- Max
- 89.44%
- Q3
- 75.06%
- Median
- 61.90%
- Q1
- 56.60%
- Min
- 44.95%
NGG’s Dividend Payout Ratio of 56.13% is in the lower quartile for the Multi-Utilities industry. This suggests a conservative dividend policy, with a strategic focus on reinvesting profits for future growth.
Dividend at a Glance
| Symbol | CEG | NGG |
|---|---|---|
| Dividend Yield (TTM) | 0.45% | 2.54% |
| Dividend Payout Ratio (TTM) | 20.96% | 56.13% |
Valuation
Price-to-Earnings Ratio (TTM)
CEG
46.82
Electric Utilities Industry
- Max
- 33.72
- Q3
- 24.15
- Median
- 20.89
- Q1
- 16.34
- Min
- 5.77
At 46.82, CEG’s P/E Ratio is exceptionally high, exceeding the typical maximum for the Electric Utilities industry. This suggests the stock may be significantly overvalued compared to its peers and implies high market expectations that could be difficult to meet.
NGG
22.13
Multi-Utilities Industry
- Max
- 25.81
- Q3
- 23.06
- Median
- 21.17
- Q1
- 18.96
- Min
- 17.54
NGG’s P/E Ratio of 22.13 is within the middle range for the Multi-Utilities industry. This suggests its valuation is in line with the sector average, representing neither a significant premium nor a discount compared to its peers.
Price-to-Sales Ratio (TTM)
CEG
4.25
Electric Utilities Industry
- Max
- 7.13
- Q3
- 3.99
- Median
- 3.02
- Q1
- 1.40
- Min
- 0.30
CEG’s P/S Ratio of 4.25 is in the upper echelon for the Electric Utilities industry. This means the company is valued richly on its revenue stream compared to its peers, suggesting the stock is priced for a high level of future performance.
NGG
5.00
Multi-Utilities Industry
- Max
- 5.12
- Q3
- 3.58
- Median
- 3.18
- Q1
- 2.40
- Min
- 0.74
NGG’s P/S Ratio of 5.00 is in the upper echelon for the Multi-Utilities industry. This means the company is valued richly on its revenue stream compared to its peers, suggesting the stock is priced for a high level of future performance.
Price-to-Book Ratio (MRQ)
CEG
7.60
Electric Utilities Industry
- Max
- 2.93
- Q3
- 2.30
- Median
- 1.79
- Q1
- 1.51
- Min
- 0.63
At 7.60, CEG’s P/B Ratio is at an extreme premium to the Electric Utilities industry. This signifies that the market’s valuation is heavily reliant on future potential rather than its current net asset value, which can be a high-risk proposition.
NGG
1.42
Multi-Utilities Industry
- Max
- 3.81
- Q3
- 2.41
- Median
- 2.02
- Q1
- 1.45
- Min
- 1.16
NGG’s P/B Ratio of 1.42 is in the lower quartile for the Multi-Utilities industry. From a value investing perspective, this is favorable, as it suggests the stock is trading at a discount to its net asset value and may offer a greater margin of safety.
Valuation at a Glance
| Symbol | CEG | NGG |
|---|---|---|
| Price-to-Earnings Ratio (TTM) | 46.82 | 22.13 |
| Price-to-Sales Ratio (TTM) | 4.25 | 5.00 |
| Price-to-Book Ratio (MRQ) | 7.60 | 1.42 |
| Price-to-Free Cash Flow Ratio (TTM) | 50.08 | 859.02 |