A Business at a Glance
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NatWest Group plc
NWG
$71.6B
Mkt Cap
$17.97
+0.62%
NatWest Group plc (NWG) has a current P/E ratio of 9.3, compared to its historical median P/E of 5.9. The stock is currently considered Fair based on its historical valuation range.
NatWest Group plc (NWG) has a 5-year average return on invested capital (ROIC) of 23.8%. This indicates strong capital allocation and a potential competitive advantage.
NatWest Group plc (NWG) has a market capitalization of $71.6B. It is classified as a large-cap stock.
Yes, NatWest Group plc (NWG) pays a dividend with a trailing twelve-month yield of 4.38%.
Based on historical P/E analysis, NatWest Group plc (NWG) appears fair. The current P/E of 9.3 is 59% above its historical median of 5.9. The estimated fair value CAGR (P/E method) is 32.5%.
NatWest Group plc (NWG) operates in the Commercial Banks, Nec industry, within the Financials sector.
NatWest Group plc (NWG) reported annual revenue of $33.9 billion in its most recent fiscal year, based on SEC EDGAR filings.
27 Analysis of the net investment in business interests and intangible assets This note shows cash flows relating to obtaining or losing significant influence in associates or control of subsidiaries and net assets and liabilities purchased and sold. These cash flows are presented as investing activities on the cash flow statement. Fair value given for business acquired Acquisition of interest in associates Additional investment in associates Cash paid for assets and liabilities purchased Net inflow/(outflow) of cash in respect of acquisitions Disposal of net assets and liabilities Loss on disposal of net assets and liabilities Net inflow of cash in respect of disposals Dividends received from associate Net cash expenditure on intangible assets Net (outflow)/inflow of cash 28 Analysis of changes in financing during the year This note shows cash flows and non-cash movements relating to the financing activities of the Group, including movements in share capital, share premium, paid-in eq
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 33.9B | 33.9B | 32.2B | 26.2B | 20.4B | 17.5B |
| Net Income | 7.7B | 7.7B | 6.2B | 5.8B | 4.4B | 4.6B |
| EPS | $1.93 | $1.93 | $1.48 | $1.29 | $0.90 | $0.81 |
| Free Cash Flow | 8.5B | 8.5B | 1.7B | -22.8B | 53.7B | 73.8B |
| ROIC | 2.2% | 38.0% | 40.3% | 12.6% | 16.3% | 11.7% |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 0.00 | 15.77 | 16.98 | 17.63 | 18.73 | 17.71 |
| Dividends/Share | $0.79 | $0.79 | $0.55 | $0.48 | - | - |
| Operating Income | 27.2B | 27.2B | 25.8B | 723M | 7.9B | 6.9B |
| Operating Margin | 80.1% | 80.1% | 80.2% | 2.8% | 38.6% | 39.5% |
| ROE | 13.7% | 14.2% | 12.6% | 12.6% | 9.2% | 7.7% |
| Shares Outstanding | 3,986M | 3,986M | 4,172M | 4,471M | 4,927M | 5,607M |
| Metric | 2015 | 2016 | TTM | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||
| Revenue | 25.8B | 21.5B | 20.9B | 22.2B | 23.2B | 17.3B | 17.5B | 20.4B | 26.2B | 32.2B | 33.9B | 33.9B |
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EBIT | 3.0B | -3.6B | 4.6B | 6.0B | 9.1B | 2.4B | 6.9B | 7.9B | 723M | 25.8B | 27.2B | 27.2B |
| Op. Margin | 11.7% | -16.9% | 22.1% | 27.3% | 39.2% | 14.0% | 39.5% | 38.6% | 2.8% | 80.2% | 80.1% | 80.1% |
| Net Income | -1.8B | -7.1B | 2.0B | 2.9B | 4.9B | -559M | 4.6B | 4.4B | 5.8B | 6.2B | 7.7B | 7.7B |
| Net Margin | -7.0% | -32.9% | 9.4% | 12.9% | 20.9% | -3.2% | 26.1% | 21.7% | 22.0% | 19.1% | 22.7% | 22.7% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | ||||||||||||
| ROIC | 3.9% | -9.8% | 10.7% | 13.7% | 22.4% | 4.3% | 11.7% | 16.3% | 12.6% | 40.3% | 38.0% | 2.2% |
| ROE | -2.3% | -9.8% | 4.5% | 6.5% | 11.9% | -1.0% | 7.7% | 9.2% | 12.6% | 12.6% | 14.2% | 13.7% |
| ROA | -0.1% | -0.7% | 0.2% | 0.3% | 0.5% | -0.1% | 0.4% | 0.5% | 0.7% | 0.7% | 0.8% | 0.8% |
| Cash Flow | ||||||||||||
| Op. Cash Flow | 1.4B | -4.9B | 46.4B | -9.0B | -3.9B | 37.5B | 73.8B | 53.7B | -21.8B | 2.3B | 9.3B | 9.3B |
| Free Cash Flow | 1.4B | -4.9B | 46.4B | -9.0B | -3.9B | 37.5B | 73.8B | 53.7B | -22.8B | 1.7B | 8.5B | 8.5B |
| Owner Earnings | -400M | -6.0B | 45.3B | -10.0B | -5.5B | 36.3B | 72.5B | 52.7B | -22.9B | 913M | 7.8B | 7.8B |
| CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.0B | 594M | 878M | 878M |
| Maint. CapEx | 1.8B | 1.0B | 1.0B | 973M | 1.6B | 1.2B | 1.3B | 1.0B | 1.2B | 1.4B | 1.5B | 1.5B |
| Growth CapEx | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0 | 0 | 0 | 0 |
| D&A | 1.8B | 1.0B | 1.0B | 973M | 1.6B | 1.2B | 1.3B | 1.0B | 1.2B | 1.4B | 1.5B | 1.5B |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 26.2% | 9.4% | 9.4% |
| Capital Allocation | ||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.1B | 2.3B | 3.1B | 3.1B |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 9.3% | 7.6% | 6.1% | 4.4% |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 2.0B | 2.5B | 448M | 691M | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | 7.6% | 10.2% | 2.1% | 1.8% | N/A | 0.0% |
| Stock-Based Comp | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | ||||||||||||
| Net Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -112.5B |
| Cash & Equiv. | 158.2B | 132.7B | 159.2B | 145.0B | 128.5B | 179.4B | 262.1B | 195.3B | 130.1B | 119.0B | 112.5B | 112.5B |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt/Equity | 15.05 | 14.14 | 40.22 | 37.80 | 39.40 | 17.24 | 17.71 | 18.73 | 17.63 | 16.98 | 15.77 | 0.00 |
| Interest Coverage | 0.6 | -1.1 | 1.7 | 1.9 | 2.1 | 0.8 | 2.9 | 2.3 | 0.1 | 1.5 | 1.6 | 1.6 |
| Equity | 77.2B | 71.3B | 22.2B | 22.8B | 22.0B | 56.5B | 57.5B | 45.0B | 46.4B | 50.4B | 56.3B | 56.3B |
| Total Assets | 1.2T | 1.1T | 958.1B | 924.0B | 923.5B | 1.0T | 1.1T | 887.6B | 864.6B | 905.7B | 943.3B | 943.3B |
| Total Liabilities | 1.2T | 1.0T | 894.4B | 862.1B | 867.9B | 973.9B | 1.0T | 842.6B | 818.1B | 855.4B | 887.0B | 887.0B |
| Intangibles | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | N/A | N/A | N/A | N/A | 18.0B | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | ||||||||||||
| EPS | -0.35 | -1.87 | 0.19 | 0.58 | 0.72 | -0.19 | 0.81 | 0.90 | 1.29 | 1.48 | 1.93 | 1.93 |
| Owner EPS | -0.08 | -1.58 | 4.43 | -2.03 | -0.81 | 12.18 | 12.94 | 10.70 | -5.13 | 0.22 | 1.96 | 1.96 |
| Book Value | 15.00 | 18.92 | 2.17 | 4.65 | 3.26 | 18.94 | 10.25 | 9.13 | 10.38 | 12.08 | 14.11 | 14.11 |
| Cash Flow/Share | 0.27 | -1.30 | 4.53 | -1.83 | -0.58 | 12.57 | 13.16 | 10.91 | -4.87 | 0.54 | 2.34 | 2.31 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.48 | 0.55 | 0.79 | 0.79 |
| Shares Out. | 5.1B | 3.8B | 10.2B | 4.9B | 6.8B | 3.0B | 5.6B | 4.9B | 4.5B | 4.2B | 4.0B | 4.0B |
| Valuation | ||||||||||||
| P/E Ratio | N/A | N/A | 23.8 | 5.7 | 6.0 | N/A | 5.7 | 5.6 | 3.7 | 6.3 | 8.8 | 9.3 |
| P/FCF | 20.1 | N/A | 1.0 | N/A | N/A | 0.3 | 0.4 | 0.5 | N/A | 23.1 | 8.0 | 8.5 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -1.5 |
| Price/Book | 0.4 | 0.2 | 2.1 | 0.7 | 1.3 | 0.2 | 0.5 | 0.6 | 0.5 | 0.8 | 1.2 | 1.3 |
| Price/Sales | 1.3 | 0.6 | 2.0 | 0.9 | 1.1 | 0.4 | 1.3 | 1.1 | 0.9 | 0.9 | 1.5 | 2.1 |
| FCF Yield | 5.0% | -39.6% | 99.4% | -55.5% | -13.5% | 386.0% | 285.2% | 216.0% | -105.5% | 4.3% | 12.5% | 11.8% |
| Market Cap | 28.2B | 12.4B | 46.7B | 16.2B | 29.2B | 9.7B | 25.9B | 24.9B | 21.6B | 38.6B | 67.7B | 71.6B |
| Avg. Price | 6.33 | 3.56 | 3.98 | 4.20 | 3.78 | 2.56 | 4.11 | 4.55 | 5.09 | 7.28 | 12.80 | 17.97 |
| Year-End Price | 5.47 | 3.29 | 4.56 | 3.30 | 4.33 | 3.26 | 4.62 | 5.05 | 4.83 | 9.25 | 16.98 | 17.97 |
NatWest Group plc passes 6 of 9 quality checks, suggesting mixed fundamentals.
NatWest Group plc trades at 9.3x trailing earnings, compared to its 15-year median P/E of 5.9x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 8.5x vs a median of 0.7x. The company's 5-year average ROIC is 23.8%. Total shareholder yield (dividends) is 4.4%. At current prices, the estimated annualized return to fair value is -24.9%.
NatWest Group plc (NWG) has a net profit margin of 22.7%. This is a strong margin indicating high profitability.
NatWest Group plc (NWG) generated $8.5 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
NatWest Group plc (NWG) has a debt-to-equity ratio of 15.77. This indicates higher leverage, which may increase financial risk.
NatWest Group plc (NWG) reported earnings per share (EPS) of $1.93 in its most recent fiscal year.
NatWest Group plc (NWG) has a return on equity (ROE) of 14.2%. This indicates moderate shareholder returns.
The Ledger Terminal provides 11 years of financial data for NatWest Group plc (NWG), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
NatWest Group plc (NWG) has a book value per share of $14.11, based on its most recent annual SEC filing.
No recent press releases.