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NATWEST GROUP PLC -SPON ADR (NWG) Stock Fundamental Analysis

NYSE:NWG - US6390572070 - ADR

14.6197 USD
-0.2 (-1.35%)
Last: 8/28/2025, 3:12:10 PM
Fundamental Rating

4

NWG gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 393 industry peers in the Banks industry. NWG has a bad profitability rating. Also its financial health evaluation is rather negative. NWG has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

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3

1. Profitability

1.1 Basic Checks

In the past year NWG was profitable.
In the past year NWG has reported a negative cash flow from operations.
Of the past 5 years NWG 4 years were profitable.
In multiple years NWG reported negative operating cash flow during the last 5 years.
NWG Yearly Net Income VS EBIT VS OCF VS FCFNWG Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20B -20B 40B -40B

1.2 Ratios

Looking at the Return On Assets, with a value of 0.67%, NWG is doing worse than 64.12% of the companies in the same industry.
The Return On Equity of NWG (11.70%) is better than 81.17% of its industry peers.
Industry RankSector Rank
ROA 0.67%
ROE 11.7%
ROIC N/A
ROA(3y)0.58%
ROA(5y)0.4%
ROE(3y)10.82%
ROE(5y)7.56%
ROIC(3y)N/A
ROIC(5y)N/A
NWG Yearly ROA, ROE, ROICNWG Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 -5 10 -10

1.3 Margins

With an excellent Profit Margin value of 29.80%, NWG belongs to the best of the industry, outperforming 80.41% of the companies in the same industry.
In the last couple of years the Profit Margin of NWG has grown nicely.
NWG does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) 29.8%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y3.49%
PM growth 5Y6.53%
GM growth 3YN/A
GM growth 5YN/A
NWG Yearly Profit, Operating, Gross MarginsNWG Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 -40

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1

2. Health

2.1 Basic Checks

NWG does not have a ROIC to compare to the WACC, probably because it is not profitable.
NWG has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, NWG has less shares outstanding
Compared to 1 year ago, NWG has a worse debt to assets ratio.
NWG Yearly Shares OutstandingNWG Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B 5B
NWG Yearly Total Debt VS Total AssetsNWG Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200B 400B 600B 800B

2.2 Solvency

A Debt/Equity ratio of 2.19 is on the high side and indicates that NWG has dependencies on debt financing.
With a Debt to Equity ratio value of 2.19, NWG is not doing good in the industry: 89.82% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 2.19
Debt/FCF N/A
Altman-Z N/A
ROIC/WACCN/A
WACC4.06%
NWG Yearly LT Debt VS Equity VS FCFNWG Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20B -20B 40B -40B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
NWG Yearly Current Assets VS Current LiabilitesNWG Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20B 40B 60B

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6

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 23.42% over the past year.
Measured over the past years, NWG shows a quite strong growth in Earnings Per Share. The EPS has been growing by 16.77% on average per year.
Looking at the last year, NWG shows a quite strong growth in Revenue. The Revenue has grown by 9.67% in the last year.
NWG shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 1.01% yearly.
EPS 1Y (TTM)23.42%
EPS 3Y13.37%
EPS 5Y16.77%
EPS Q2Q%11.82%
Revenue 1Y (TTM)9.67%
Revenue growth 3Y11.39%
Revenue growth 5Y1.01%
Sales Q2Q%9.46%

3.2 Future

Based on estimates for the next years, NWG will show a quite strong growth in Earnings Per Share. The EPS will grow by 10.40% on average per year.
NWG is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.61% yearly.
EPS Next Y7.71%
EPS Next 2Y10.12%
EPS Next 3Y10.4%
EPS Next 5YN/A
Revenue Next Year10.43%
Revenue Next 2Y8.32%
Revenue Next 3Y7.23%
Revenue Next 5Y2.61%

3.3 Evolution

The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
NWG Yearly Revenue VS EstimatesNWG Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 5B 10B 15B
NWG Yearly EPS VS EstimatesNWG Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 0.5 1 1.5

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5

4. Valuation

4.1 Price/Earnings Ratio

NWG is valuated reasonably with a Price/Earnings ratio of 8.40.
Based on the Price/Earnings ratio, NWG is valued cheaper than 92.11% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 27.14. NWG is valued rather cheaply when compared to this.
With a Price/Forward Earnings ratio of 7.78, the valuation of NWG can be described as very cheap.
NWG's Price/Forward Earnings ratio is rather cheap when compared to the industry. NWG is cheaper than 87.28% of the companies in the same industry.
NWG is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.80, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 8.4
Fwd PE 7.78
NWG Price Earnings VS Forward Price EarningsNWG Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
NWG Per share dataNWG EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10

4.3 Compensation for Growth

The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.09
PEG (5Y)0.5
EPS Next 2Y10.12%
EPS Next 3Y10.4%

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5

5. Dividend

5.1 Amount

NWG has a Yearly Dividend Yield of 4.44%, which is a nice return.
NWG's Dividend Yield is rather good when compared to the industry average which is at 3.30. NWG pays more dividend than 83.46% of the companies in the same industry.
NWG's Dividend Yield is rather good when compared to the S&P500 average which is at 2.34.
Industry RankSector Rank
Dividend Yield 4.44%

5.2 History

The dividend of NWG decreases each year by -7.34%.
NWG has been paying a dividend for over 5 years, so it has already some track record.
Dividend Growth(5Y)-7.34%
Div Incr Years0
Div Non Decr Years0
NWG Yearly Dividends per shareNWG Yearly Dividends per shareYearly Dividends per share 2018 2019 2021 2022 2023 2024 2025 0.2 0.4 0.6

5.3 Sustainability

DPN/A
EPS Next 2Y10.12%
EPS Next 3Y10.4%
NWG Yearly Income VS Free CF VS DividendNWG Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20B -20B 40B -40B

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NATWEST GROUP PLC -SPON ADR

NYSE:NWG (8/28/2025, 3:12:10 PM)

14.6197

-0.2 (-1.35%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)07-25 2025-07-25/bmo
Earnings (Next)10-24 2025-10-24
Inst Owners59.91%
Inst Owner Change0%
Ins Owners0.05%
Ins Owner ChangeN/A
Market Cap59.00B
Analysts81.54
Price Target16.34 (11.77%)
Short Float %0.07%
Short Ratio0.69
Dividend
Industry RankSector Rank
Dividend Yield 4.44%
Yearly Dividend0.53
Dividend Growth(5Y)-7.34%
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-Date08-08 2025-08-08 (0.255037)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)14.55%
Min EPS beat(2)13.87%
Max EPS beat(2)15.22%
EPS beat(4)4
Avg EPS beat(4)22.62%
Min EPS beat(4)13.87%
Max EPS beat(4)46.08%
EPS beat(8)8
Avg EPS beat(8)32.21%
EPS beat(12)12
Avg EPS beat(12)27.71%
EPS beat(16)16
Avg EPS beat(16)35.06%
Revenue beat(2)1
Avg Revenue beat(2)-1.02%
Min Revenue beat(2)-2.67%
Max Revenue beat(2)0.63%
Revenue beat(4)2
Avg Revenue beat(4)-0.46%
Min Revenue beat(4)-2.67%
Max Revenue beat(4)1.24%
Revenue beat(8)3
Avg Revenue beat(8)-0.44%
Revenue beat(12)7
Avg Revenue beat(12)1.1%
Revenue beat(16)11
Avg Revenue beat(16)15.54%
PT rev (1m)6.28%
PT rev (3m)14.29%
EPS NQ rev (1m)3.1%
EPS NQ rev (3m)5.46%
EPS NY rev (1m)3.88%
EPS NY rev (3m)3.61%
Revenue NQ rev (1m)0.22%
Revenue NQ rev (3m)1.09%
Revenue NY rev (1m)1.37%
Revenue NY rev (3m)1.37%
Valuation
Industry RankSector Rank
PE 8.4
Fwd PE 7.78
P/S 2.67
P/FCF N/A
P/OCF N/A
P/B 1.05
P/tB 1.27
EV/EBITDA N/A
EPS(TTM)1.74
EY11.9%
EPS(NY)1.88
Fwd EY12.85%
FCF(TTM)-2.39
FCFYN/A
OCF(TTM)-2.39
OCFYN/A
SpS5.48
BVpS13.97
TBVpS11.47
PEG (NY)1.09
PEG (5Y)0.5
Profitability
Industry RankSector Rank
ROA 0.67%
ROE 11.7%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 29.8%
GM N/A
FCFM N/A
ROA(3y)0.58%
ROA(5y)0.4%
ROE(3y)10.82%
ROE(5y)7.56%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y3.49%
PM growth 5Y6.53%
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.02
Health
Industry RankSector Rank
Debt/Equity 2.19
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score6
WACC4.06%
ROIC/WACCN/A
Cap/Depr(3y)69.13%
Cap/Depr(5y)69.23%
Cap/Sales(3y)4.21%
Cap/Sales(5y)4.76%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)23.42%
EPS 3Y13.37%
EPS 5Y16.77%
EPS Q2Q%11.82%
EPS Next Y7.71%
EPS Next 2Y10.12%
EPS Next 3Y10.4%
EPS Next 5YN/A
Revenue 1Y (TTM)9.67%
Revenue growth 3Y11.39%
Revenue growth 5Y1.01%
Sales Q2Q%9.46%
Revenue Next Year10.43%
Revenue Next 2Y8.32%
Revenue Next 3Y7.23%
Revenue Next 5Y2.61%
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y89.21%
FCF growth 3Y-70.85%
FCF growth 5YN/A
OCF growth 1Y89.21%
OCF growth 3Y-67.92%
OCF growth 5YN/A