Full history for every metric is available with a Kvantra account
Key financial summary
Financials in GBP| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Total net revenue | £bn | 10.8 | 10.3 | 13.4 | 14.8 | 14.7 | 16.6 | 17.5 | - |
| Operating profit | £bn | 7.71 | 8.44 | ||||||
| Net profit | £bn | -0.73 | 3.27 | 3.59 | 4.64 | 4.80 | 5.83 | 6.34 | 6.10 |
| EPS reported | £ | 0.67 | 0.75 | ||||||
| Operating cashflow per share | £ | -2.07 | 0.00 | ||||||
| Capex per share | £ | 0.08 | 0.00 | ||||||
| FCF per share | £ | -2.15 | 0.00 | ||||||
| Free cash flow | £bn | -17.3 | 0.0 | ||||||
| Net debt | £bn | -26.4 | 89.3 | ||||||
| Book value equity | £bn | 38.0 | 38.7 | ||||||
| Book value per share | £ | 4.68 | 4.81 | ||||||
| Number of shares | m | 8,126 | 8,055.28 | ||||||
| DPS (TTM paid) | £ | 0.33 | 0.35 |
Financial summary
Financials in GBP| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Value | |||||||||
| P/E TTM | x | 9.73 | 8.53 | ||||||
| P/B LTM | x | 1.38 | 1.31 | ||||||
| P/S LTM | x | 3.16 | 2.91 | ||||||
| P/FCF LTM | x | -3.03 | 0.00 | ||||||
| EV/EBITDA LTM | x | 4.40 | 14.60 | ||||||
| EV/Sales LTM | x | 1.32 | 8.02 | ||||||
| Earnings Yield LTM | % | 10.28% | 11.72% | ||||||
| FCF Yield | % | -33.05% | 0.00% | ||||||
| Quality | |||||||||
| ROE | % | 15.33% | 16.16% | ||||||
| ROIC | % | 1.84% | 0.85% | ||||||
| Operating margin | % | 26.15% | 28.18% | ||||||
| Gross margin | % | 56.34% | 58.37% | ||||||
| FCF/Sales | % | -58.85% | 0.00% | ||||||
| Growth and momentum | |||||||||
| EPS Growth YoY | % | +26.42% | +27.12% | ||||||
| Sales Growth YoY | % | +13.35% | +12.87% | ||||||
| Net Income Growth YoY | % | +21.43% | +20.83% | ||||||
| FCF Growth | % | - | - | ||||||
| Operating Profit Growth | % | +24.42% | +25.03% | ||||||
| Dividend and capital structure | |||||||||
| Dividend Yield | % | 4.53% | 5.47% | ||||||
| Dividend Growth | % | +51.16% | +40.00% | ||||||
| Payout Ratio | % | 43.64% | 40.75% | ||||||
| FCF/Debt | x | -0.24 | 0.00 | ||||||
| Net Debt/EBITDA | x | -1.53 | 9.30 | ||||||
| EBIT/Net interest | x | 0.60 | 0.68 | ||||||
| Net debt/market cap | % | -50.32% | 175.74% | ||||||
| Net debt/Equity | x | -0.69 | 2.31 | ||||||
| Gross debt/equity | x | 1.89 | 4.29 | ||||||
ETFs that hold NatWest Group
| Fund | Ticker | Position# | Weight |
|---|---|---|---|
| iShares STOXX Global Select Dividend 100 UCITS ETF (DE) | ISPA.DE | 10 | 1.53% |
| iShares STOXX Europe 600 Banks UCITS ETF (DE) | EXV1.DE | 10 | 3.01% |
| iShares UK Dividend UCITS ETF | IQQD.DE | 3 | 4.42% |
| iShares STOXX Europe Select Dividend 30 UCITS ETF (DE) | EXSH.DE | 8 | 3.81% |
| SEI Exchange Traded Funds - SEI Select International Equity ETF | SEIE | 10 | 0.94% |
| Thrivent International Large Cap ETF | TILC | 10 | 1.33% |
| First Trust STOXX European Select Dividend Index Fund | FDD | 9 | 3.83% |
| Franklin Ultra Short Bond ETF | FLUD | 8 | 0.58% |
| State Street SPDR S&P UK Dividend Aristocrats UCITS ETF (Dist) | UKDV.L | 3 | 4.41% |
| Columbia International Equity Income ETF | INEQ | 8 | 3.15% |
Funds with NatWest Group among their ten largest holdings, largest fund first.
Ratings
Based on consensus from external analysts. Not Kvantra's opinion.
Company overview
NatWest Group plc, a venerable financial institution established in Edinburgh, UK, in 1727, delivers a comprehensive array of banking and financial services. Serving a broad spectrum of clients, including individual consumers, small and medium-sized businesses, large corporations, and institutional customers, its operations span the United Kingdom and extend internationally. The company's structure comprises five core divisions. Retail Banking provides everyday services like current and savings accounts, mortgages, and personal loans, augmented by mobile and online platforms. Commercial Banking furnishes financing and solutions tailored for start-ups, SMEs, and corporate entities. The Private Banking segment focuses on bespoke banking and wealth management for affluent individuals and their business interests. RBS International caters to institutional clients, also managing wholesale branches and fund depositary services. Finally, NatWest Markets assists corporate and institutional customers in strategically managing financial risks to meet both their immediate and long-term sustainable financial objectives. Formerly known as The Royal Bank of Scotland Group plc until its rebranding in July 2020, NatWest Group plc boasts a substantial physical presence, with approximately 800 branches and around 16,000 other points of access.
Similar companies
For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.
NatWest Group plc (NWG.L)
| Fund | Ticker | Position# | Weight |
|---|---|---|---|
| iShares STOXX Global Select Dividend 100 UCITS ETF (DE) | ISPA.DE | 10 | 1.53% |
| iShares STOXX Europe 600 Banks UCITS ETF (DE) | EXV1.DE | 10 | 3.01% |
| iShares UK Dividend UCITS ETF | IQQD.DE | 3 | 4.42% |
| iShares STOXX Europe Select Dividend 30 UCITS ETF (DE) | EXSH.DE | 8 | 3.81% |
| SEI Exchange Traded Funds - SEI Select International Equity ETF | SEIE | 10 | 0.94% |
| Thrivent International Large Cap ETF | TILC | 10 | 1.33% |
| First Trust STOXX European Select Dividend Index Fund | FDD | 9 | 3.83% |
| Franklin Ultra Short Bond ETF | FLUD | 8 | 0.58% |
| State Street SPDR S&P UK Dividend Aristocrats UCITS ETF (Dist) | UKDV.L | 3 | 4.41% |
| Columbia International Equity Income ETF | INEQ | 8 | 3.15% |
Funds with NatWest Group among their ten largest holdings, largest fund first.
Based on consensus from external analysts. Not Kvantra's opinion.
NatWest Group plc, a venerable financial institution established in Edinburgh, UK, in 1727, delivers a comprehensive array of banking and financial services. Serving a broad spectrum of clients, including individual consumers, small and medium-sized businesses, large corporations, and institutional customers, its operations span the United Kingdom and extend internationally. The company's structure comprises five core divisions. Retail Banking provides everyday services like current and savings accounts, mortgages, and personal loans, augmented by mobile and online platforms. Commercial Banking furnishes financing and solutions tailored for start-ups, SMEs, and corporate entities. The Private Banking segment focuses on bespoke banking and wealth management for affluent individuals and their business interests. RBS International caters to institutional clients, also managing wholesale branches and fund depositary services. Finally, NatWest Markets assists corporate and institutional customers in strategically managing financial risks to meet both their immediate and long-term sustainable financial objectives. Formerly known as The Royal Bank of Scotland Group plc until its rebranding in July 2020, NatWest Group plc boasts a substantial physical presence, with approximately 800 branches and around 16,000 other points of access.
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