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

NYSE:NWG • US6390572070

16.6 USD
-0.46 (-2.7%)
At close: Feb 27, 2026
16.6 USD
0 (0%)
After Hours: 2/27/2026, 8:23:30 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

4

NWG gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 379 industry peers in the Banks industry. There are concerns on the financial health of NWG while its profitability can be described as average. NWG is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

  • In the past year NWG was profitable.
  • NWG had a positive operating cash flow in the past year.
  • In the past 5 years NWG has always been 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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20B -20B 40B -40B

1.2 Ratios

  • NWG has a worse Return On Assets (0.77%) than 63.59% of its industry peers.
  • Looking at the Return On Equity, with a value of 12.86%, NWG belongs to the top of the industry, outperforming 84.70% of the companies in the same industry.
Industry RankSector Rank
ROA 0.77%
ROE 12.86%
ROIC N/A
ROA(3y)0.68%
ROA(5y)0.58%
ROE(3y)12.06%
ROE(5y)10.48%
ROIC(3y)N/A
ROIC(5y)N/A
NWG Yearly ROA, ROE, ROICNWG Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 -5 10 -10

1.3 Margins

  • Looking at the Profit Margin, with a value of 31.52%, NWG belongs to the top of the industry, outperforming 83.11% of the companies in the same industry.
  • In the last couple of years the Profit Margin of NWG has grown nicely.
  • The Operating Margin and Gross Margin are not available for NWG so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) 31.52%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y9.85%
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
NWG Yearly Profit, Operating, Gross MarginsNWG Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 -40

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ROAROEROICOperating and Profit MarginShow most profitable peers

1

2. Health

2.1 Basic Checks

  • NWG does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • Compared to 1 year ago, NWG has less shares outstanding
  • The number of shares outstanding for NWG has been reduced compared to 5 years ago.
  • NWG has a worse debt/assets ratio than last year.
NWG Yearly Shares OutstandingNWG Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B 5B
NWG Yearly Total Debt VS Total AssetsNWG Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200B 400B 600B

2.2 Solvency

  • NWG has a debt to FCF ratio of 17.51. This is a negative value and a sign of low solvency as NWG would need 17.51 years to pay back of all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 17.51, NWG is doing worse than 82.06% of the companies in the same industry.
  • A Debt/Equity ratio of 2.36 is on the high side and indicates that NWG has dependencies on debt financing.
  • With a Debt to Equity ratio value of 2.36, NWG is not doing good in the industry: 89.97% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 2.36
Debt/FCF 17.51
Altman-Z N/A
ROIC/WACCN/A
WACC4.51%
NWG Yearly LT Debt VS Equity VS FCFNWG Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20B 40B 60B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 22.19% 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 13.31% on average per year.
  • NWG shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 11.49%.
  • NWG shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 8.53% yearly.
EPS 1Y (TTM)22.19%
EPS 3Y13.31%
EPS 5YN/A
EPS Q2Q%1.76%
Revenue 1Y (TTM)11.49%
Revenue growth 3Y7.36%
Revenue growth 5Y8.53%
Sales Q2Q%10.67%

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 9.22% on average per year.
  • Based on estimates for the next years, NWG will show a small growth in Revenue. The Revenue will grow by 1.01% on average per year.
EPS Next Y4.84%
EPS Next 2Y8.16%
EPS Next 3Y9.22%
EPS Next 5YN/A
Revenue Next Year6.54%
Revenue Next 2Y5.95%
Revenue Next 3Y4.51%
Revenue Next 5Y1.01%

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
NWG Yearly Revenue VS EstimatesNWG Yearly Revenue VS EstimatesYearly Revenue VS Estimates 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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0 0.5 1 1.5

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6

4. Valuation

4.1 Price/Earnings Ratio

  • NWG is valuated reasonably with a Price/Earnings ratio of 8.74.
  • NWG's Price/Earnings ratio is rather cheap when compared to the industry. NWG is cheaper than 90.24% of the companies in the same industry.
  • NWG is valuated cheaply when we compare the Price/Earnings ratio to 27.07, which is the current average of the S&P500 Index.
  • NWG is valuated reasonably with a Price/Forward Earnings ratio of 8.35.
  • 85.75% of the companies in the same industry are more expensive than NWG, based on the Price/Forward Earnings ratio.
  • When comparing the Price/Forward Earnings ratio of NWG to the average of the S&P500 Index (28.05), we can say NWG is valued rather cheaply.
Industry RankSector Rank
PE 8.74
Fwd PE 8.35
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

  • Based on the Price/Free Cash Flow ratio, NWG is valued cheaply inside the industry as 83.11% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 7.67
EV/EBITDA N/A
NWG Per share dataNWG EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
PEG (NY)1.81
PEG (5Y)N/A
EPS Next 2Y8.16%
EPS Next 3Y9.22%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. Dividend

5.1 Amount

  • NWG has a Yearly Dividend Yield of 3.98%.
  • Compared to an average industry Dividend Yield of 2.73, NWG pays a better dividend. On top of this NWG pays more dividend than 82.06% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.82, NWG pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.98%

5.2 History

  • On average, the dividend of NWG grows each year by 53.56%, which is quite nice.
  • NWG has been paying a dividend for over 5 years, so it has already some track record.
Dividend Growth(5Y)53.56%
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 2026 0.2 0.4 0.6

5.3 Sustainability

  • 43.37% of the earnings are spent on dividend by NWG. This is a bit on the high side, but may be sustainable.
  • NWG's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP43.37%
EPS Next 2Y8.16%
EPS Next 3Y9.22%
NWG Yearly Income VS Free CF VS DividendNWG Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20B -20B 40B -40B
NWG Dividend Payout.NWG Dividend Payout, showing the Payout Ratio.NWG Dividend Payout.PayoutRetained Earnings

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NATWEST GROUP PLC -SPON ADR

NYSE:NWG (2/27/2026, 8:23:30 PM)

After market: 16.6 0 (0%)

16.6

-0.46 (-2.7%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)02-13
Earnings (Next)05-01
Inst Owners63.97%
Inst Owner Change0%
Ins Owners0.05%
Ins Owner ChangeN/A
Market Cap66.19B
Revenue(TTM)17.38B
Net Income(TTM)5.48B
Analysts77.78
Price Target19.74 (18.92%)
Short Float %0.02%
Short Ratio0.33
Dividend
Industry RankSector Rank
Dividend Yield 3.98%
Yearly Dividend0.73
Dividend Growth(5Y)53.56%
DP43.37%
Div Incr Years0
Div Non Decr Years0
Ex-Date03-20
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)16.97%
Min EPS beat(2)11.99%
Max EPS beat(2)21.96%
EPS beat(4)4
Avg EPS beat(4)15.76%
Min EPS beat(4)11.99%
Max EPS beat(4)21.96%
EPS beat(8)8
Avg EPS beat(8)21.23%
EPS beat(12)12
Avg EPS beat(12)25.53%
EPS beat(16)16
Avg EPS beat(16)30.74%
Revenue beat(2)1
Avg Revenue beat(2)0.4%
Min Revenue beat(2)-2.71%
Max Revenue beat(2)3.51%
Revenue beat(4)2
Avg Revenue beat(4)-0.31%
Min Revenue beat(4)-2.71%
Max Revenue beat(4)3.51%
Revenue beat(8)4
Avg Revenue beat(8)0.36%
Revenue beat(12)6
Avg Revenue beat(12)-0.09%
Revenue beat(16)10
Avg Revenue beat(16)2.63%
PT rev (1m)5.31%
PT rev (3m)12.89%
EPS NQ rev (1m)3.5%
EPS NQ rev (3m)2.75%
EPS NY rev (1m)-0.07%
EPS NY rev (3m)1.41%
Revenue NQ rev (1m)2.26%
Revenue NQ rev (3m)1.56%
Revenue NY rev (1m)0.08%
Revenue NY rev (3m)0.58%
Valuation
Industry RankSector Rank
PE 8.74
Fwd PE 8.35
P/S 2.83
P/FCF 7.67
P/OCF 6.95
P/B 1.15
P/tB 1.39
EV/EBITDA N/A
EPS(TTM)1.9
EY11.45%
EPS(NY)1.99
Fwd EY11.98%
FCF(TTM)2.16
FCFY13.04%
OCF(TTM)2.39
OCFY14.39%
SpS5.87
BVpS14.39
TBVpS11.93
PEG (NY)1.81
PEG (5Y)N/A
Graham Number24.8
Profitability
Industry RankSector Rank
ROA 0.77%
ROE 12.86%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 31.52%
GM N/A
FCFM 36.86%
ROA(3y)0.68%
ROA(5y)0.58%
ROE(3y)12.06%
ROE(5y)10.48%
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
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y9.85%
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score8
Asset Turnover0.02
Health
Industry RankSector Rank
Debt/Equity 2.36
Debt/FCF 17.51
Debt/EBITDA N/A
Cap/Depr 57.63%
Cap/Sales 3.83%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 116.94%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score8
WACC4.51%
ROIC/WACCN/A
Cap/Depr(3y)62.77%
Cap/Depr(5y)72.53%
Cap/Sales(3y)3.97%
Cap/Sales(5y)4.87%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)22.19%
EPS 3Y13.31%
EPS 5YN/A
EPS Q2Q%1.76%
EPS Next Y4.84%
EPS Next 2Y8.16%
EPS Next 3Y9.22%
EPS Next 5YN/A
Revenue 1Y (TTM)11.49%
Revenue growth 3Y7.36%
Revenue growth 5Y8.53%
Sales Q2Q%10.67%
Revenue Next Year6.54%
Revenue Next 2Y5.95%
Revenue Next 3Y4.51%
Revenue Next 5Y1.01%
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 1Y389.83%
FCF growth 3YN/A
FCF growth 5Y-25.92%
OCF growth 1Y299.1%
OCF growth 3YN/A
OCF growth 5Y-24.64%

NATWEST GROUP PLC -SPON ADR / NWG FAQ

Can you provide the ChartMill fundamental rating for NATWEST GROUP PLC -SPON ADR?

ChartMill assigns a fundamental rating of 4 / 10 to NWG.


What is the valuation status of NATWEST GROUP PLC -SPON ADR (NWG) stock?

ChartMill assigns a valuation rating of 6 / 10 to NATWEST GROUP PLC -SPON ADR (NWG). This can be considered as Fairly Valued.


Can you provide the profitability details for NATWEST GROUP PLC -SPON ADR?

NATWEST GROUP PLC -SPON ADR (NWG) has a profitability rating of 4 / 10.


How financially healthy is NATWEST GROUP PLC -SPON ADR?

The financial health rating of NATWEST GROUP PLC -SPON ADR (NWG) is 1 / 10.


Can you provide the expected EPS growth for NWG stock?

The Earnings per Share (EPS) of NATWEST GROUP PLC -SPON ADR (NWG) is expected to grow by 4.84% in the next year.