Financials NatWest Group plc

Equities

NWG

GB00BM8PJY71

Banks

Market Closed - London S.E. 09:05:23 29/04/2024 pm IST 5-day change 1st Jan Change
302.5 GBX -1.59% Intraday chart for NatWest Group plc +8.15% +37.88%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 29,021 20,308 25,432 25,613 19,289 26,779 - -
Enterprise Value (EV) 1 29,021 20,308 25,432 25,613 19,289 26,779 26,779 26,779
P/E ratio 9.28 x -27 x 8.92 x 7.89 x 4.6 x 7.82 x 7.42 x 6.57 x
Yield 9.16% 1.79% 4.65% 11.4% 7.75% 5.19% 5.57% 6.19%
Capitalization / Revenue 2.18 x 1.88 x 2.42 x 1.95 x 1.31 x 1.96 x 1.89 x 1.81 x
EV / Revenue 2.18 x 1.88 x 2.42 x 1.95 x 1.31 x 1.96 x 1.89 x 1.81 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 0.67 x 0.46 x 0.63 x 0.7 x 0.52 x 0.74 x 0.68 x 0.63 x
Nbr of stocks (in thousands) 1,12,14,272 1,12,47,939 1,04,63,285 96,58,084 87,91,563 87,11,307 - -
Reference price 2 2.588 1.805 2.431 2.652 2.194 3.074 3.074 3.074
Announcement Date 14/02/20 19/02/21 18/02/22 17/02/23 16/02/24 - - -
1GBP in Million2GBP
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 13,298 10,796 10,512 13,156 14,752 13,696 14,193 14,834
EBITDA - - - - - - - -
EBIT 1 6,249 4,017 4,001 5,469 6,756 5,822 6,210 6,731
Operating Margin 46.99% 37.21% 38.06% 41.57% 45.8% 42.51% 43.76% 45.37%
Earnings before Tax (EBT) 1 4,232 -351 4,032 5,132 6,178 4,925 5,207 5,677
Net income 1 3,133 -753 2,950 3,340 4,394 3,319 3,462 3,811
Net margin 23.56% -6.97% 28.06% 25.39% 29.79% 24.23% 24.39% 25.69%
EPS 2 0.2789 -0.0668 0.2725 0.3360 0.4770 0.3932 0.4142 0.4678
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.2369 0.0323 0.1131 0.3030 0.1700 0.1594 0.1713 0.1904
Announcement Date 14/02/20 19/02/21 18/02/22 17/02/23 16/02/24 - - -
1GBP in Million2GBP
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2020 S2 2021 S1 2021 Q4 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 5,785 - - 2,622 3,027 3,211 - 3,229 3,708 3,876 3,851 3,488 3,537 3,475 3,259 3,268 3,392
EBITDA - - - - - - - - - - - - - - - - -
EBIT 2,410 - 2,112 858 1,207 1,378 - 1,333 1,570 1,888 1,924 1,561 1,383 1,423 - - -
Operating Margin 41.66% - - 32.72% 39.87% 42.91% - 41.28% 42.34% 48.71% 49.96% 44.75% 39.1% 40.95% - - -
Earnings before Tax (EBT) -770 - - 635 1,245 1,396 - 1,086 1,426 1,818 1,771 1,332 1,257 - - - -
Net income 1 -705 - - 434 841 1,050 - 187 1,262 1,279 1,020 866 1,229 918 795.8 831.7 806.2
Net margin -12.19% - - 16.55% 27.78% 32.7% - 5.79% 34.03% 33% 26.49% 24.83% 34.75% 26.42% 24.42% 25.45% 23.77%
EPS 2 -0.0625 - - 0.0409 0.0808 0.1077 - 0.0190 0.1300 0.1320 0.1090 0.0980 0.1390 0.1050 0.0982 0.1006 0.1000
Dividend per Share 2 - 0.0323 - 0.0808 - 0.0377 0.0377 - 0.1000 - 0.0550 - 0.1150 - 0.0550 - 0.1184
Announcement Date 31/07/20 19/02/21 30/07/21 18/02/22 29/04/22 29/07/22 29/07/22 28/10/22 17/02/23 28/04/23 28/07/23 27/10/23 16/02/24 26/04/24 - - -
1GBP in Million2GBP
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 9.4% -2.4% 6.89% 8.53% 12.1% 9.79% 9.66% 9.91%
ROA (Net income/ Total Assets) 0.44% -0.1% 0.37% 0.44% 0.62% 0.47% 0.48% 0.54%
Assets 1 7,08,663 7,61,298 7,90,673 7,51,068 7,06,317 7,08,096 7,22,141 7,06,265
Book Value Per Share 2 3.880 3.890 3.870 3.780 4.230 4.150 4.490 4.880
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 14/02/20 19/02/21 18/02/22 17/02/23 16/02/24 - - -
1GBP in Million2GBP
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
17
Last Close Price
3.074 GBP
Average target price
3.1 GBP
Spread / Average Target
+0.85%
Consensus
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