Projected Income Statement: NatWest Group plc

Forecast Balance Sheet: NatWest Group plc

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt - - - - - - - -
Change - - - - - - - -
Announcement Date 18/02/22 17/02/23 16/02/24 14/02/25 13/02/26 - - -
Estimates

Cash Flow Forecast: NatWest Group plc

Fiscal Period: December 2020 2021 2022 2023 2024 2025
CAPEX 1 376 901 639 811 464 665
Change - 139.63% -29.08% 26.92% -42.79% 43.32%
Free Cash Flow (FCF) 1 - - - - - -
Change - - - - - -
Announcement Date 19/02/21 18/02/22 17/02/23 16/02/24 14/02/25 13/02/26
1GBP in Million
Estimates

Forecast Financial Ratios: NatWest Group plc

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

         
EBITDA Margin (%) - - - - - - - - -
EBIT Margin (%) - 38.06% 41.57% 45.8% 44.58% 50.35% 51.14% 52.41% 53.2%
EBT Margin (%) - 38.36% 39.01% 41.88% 42.13% 46.32% 45.77% 47.09% 47.81%
Net margin (%) - 28.06% 25.39% 29.79% 30.74% 35.06% 31.67% 32.63% 32.82%
FCF margin (%) - - - - - - - - -
FCF / Net Income (%) - - - - - - - - -

Profitability

         
ROA - 0.37% 0.44% 0.62% 0.65% 0.82% 0.76% 0.84% 0.86%
ROE - 6.89% 8.53% 12.1% 11.9% 13.2% 14.52% 15.1% 15.25%

Financial Health

         
Leverage (Debt/EBITDA) - - - - - - - - -
Debt / Free cash flow - - - - - - - - -

Capital Intensity

         
CAPEX / Current Assets (%) - - - - - - - - -
CAPEX / EBITDA (%) - - - - - - - - -
CAPEX / FCF (%) - - - - - - - - -

Items per share

         
Cash flow per share 1 - - - - - - - - -
Change - - - - - - - - -
Dividend per Share 1 - 0.1131 0.303 0.17 0.215 0.325 0.3561 0.4014 0.4362
Change - - 167.95% -43.89% 26.47% 51.16% 9.58% 12.71% 8.68%
Book Value Per Share 1 - 3.873 3.778 4.226 4.892 4.76 5.134 5.528 5.925
Change - - -2.46% 11.88% 15.77% -2.71% 7.85% 7.68% 7.18%
EPS 1 - 0.2725 0.336 0.477 0.531 0.674 0.697 0.7858 0.8489
Change - - 23.32% 41.96% 11.32% 26.93% 3.41% 12.75% 8.03%
Nbr of stocks (in thousands) - 1,04,63,285 96,58,084 87,91,563 80,42,415 79,94,018 79,71,410 79,71,410 79,71,410
Announcement Date - 18/02/22 17/02/23 16/02/24 14/02/25 13/02/26 - - -
1GBP
Estimates
2026 *2027 *
P/E ratio 8.63x 7.66x
PBR 1.17x 1.09x
EV / Sales 2.68x 2.49x
Yield 5.92% 6.67%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
-
Global
-
Quality
ESG MSCI
AA
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
17
Last Close Price
6.016GBP
Average target price
7.299GBP
Spread / Average Target
+21.33%

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Equities
  3. NWG Stock
  4. Financials NatWest Group plc