NatWest Group plc

LSE-NWG

Basic

Market Cap
£28.04B
EV
—
Shares Out
8,292M
Revenue
£13.75B
Employees
61,800

Margins

Gross
—
EBITDA
—
Operating
—
Pre-Tax
41.39%
Net
31.09%
FCF
-7.3%

Returns (5Yr Avg)

ROA
0.38%
ROTA
8.17%
ROE
7.04%
ROCE
—
ROIC
0.53%

Valuation (TTM)

P/E
—
P/B
—
EV/Sales
—
EV/EBITDA
—
P/FCF
—
EV/Gross Profit
—

Valuation (NTM)

Price Target
£3.49
P/E
—
PEG
—
EV/Sales
—
EV/EBITDA
—
P/FCF
—

Financial Health

Cash
—
Net Debt
-£117.49B
Debt/Equity
—
EBIT/Interest
—

Growth (CAGR)

Rev 3Yr
19.34%
Rev 5Yr
2.13%
Rev 10Yr
—
Dil EPS 3Yr
128.89%
Dil EPS 5Yr
27.16%
Dil EPS 10Yr
-5.46%
Rev Fwd 2Yr
-1.3%
EBITDA Fwd 2Yr
8.97%
EPS Fwd 2Yr
-2%
EPS LT Growth Est
7%

Dividends

Yield
—
Payout
36.27%
DPS
£0.17
DPS Growth 3Yr
73.95%
DPS Growth 5Yr
23.49%
DPS Growth 10Yr
—
DPS Growth Fwd 2Yr
2.23%

Metric	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	LTM
Interest Income On Loans						11,127	9,711	9,234	12,637	21,026	22,580
Interest Income, Total						11,127	9,711	9,234	12,637	21,026	22,580
Interest On Deposits						3,328	2,322	1,699	2,795	9,977	11,782
Interest Expense, Total						3,328	2,322	1,699	2,795	9,977	11,782
Net Interest Income						7,799	7,389	7,535	9,842	11,049	10,798
Income From Trading Activities						932	1,125	323	1,133	794	590
Gain (Loss) on Sale of Assets						1,160	-3	18	-5	-21	-21
Gain (Loss) on Sale of Invest. & Securities						43	96	117	-168	-43	-43
Income (Loss) on Equity Invest.						-14	-30	216	-30	-9	-9
Total Other Non Interest Income						3,010	2,208	2,365	2,545	2,979	3,033
Non Interest Income, Total						5,131	3,396	3,039	3,475	3,700	3,550
Revenues Before Provison For Loan Losses						12,930	10,785	10,574	13,317	14,749	14,348
Provision For Loan Losses						724	3,098	-1,173	337	578	601
Total Revenues						12,206	7,687	11,747	12,980	14,171	13,747
Total Revenues % Chg.					—	-3.5%	-37%	52.8%	10.5%	9.2%	0%
Salaries And Other Employee Benefits						3,525	3,878	3,676	3,656	3,850	3,871
Occupancy Expense						1,841	2,135	1,971	1,945	2,087	2,155
Selling General & Admin Expenses, Total						2,533	1,845	2,026	2,086	2,059	2,066
Non Interest Expense, Total						7,899	7,858	7,673	7,687	7,996	8,092
EBT, Excl. Unusual Items						4,307	-171	4,074	5,293	6,175	5,655
Restructuring Charges						-1,381	—	—	—	—	—
Total Merger & Related Restructuring Charges	—	—	—	—	—	290	—	—	—	—	—
Impairment of Goodwill			—	—	—	—	—	-85	—	—	—
Asset Writedown						—	—	—	—	—	—
Insurance Settlements	—	—	—	—		—	—	—	—	—	—
Other Unusual Items					—	767	-382	-145	-161	3	35
EBT, Incl. Unusual Items						3,983	-553	3,844	5,132	6,178	5,690
Income Tax Expense						439	74	996	1,275	1,434	1,261
Earnings From Continuing Operations						3,544	-627	2,848	3,857	4,744	4,429
Earnings Of Discontinued Operations			—	—	—	256	193	464	-262	-112	-151
Minority Interest						-261	62	-44	-6	4	-4
Net Income						3,539	-372	3,268	3,589	4,636	4,274
Preferred Dividend and Other Adjustments						406	381	318	249	242	241
Net Income to Common Incl Extra Items						3,133	-753	2,950	3,340	4,394	4,033
Net Income to Common Excl. Extra Items						2,877	-946	2,486	3,602	4,506	4,184
Total Shares Outstanding						11,216.1	11,247.9	10,466.9	9,659	8,792.7	8,727
Weighted Avg. Shares Outstanding						11,205.1	11,231	10,792	9,872	9,164	8,927.4
Weighted Avg. Shares Outstanding Dil						11,237.6	11,231	10,837	9,929	9,219	9,003.4
EPS						0.3	-0.1	0.3	0.3	0.5	0.5
EPS Diluted						0.3	-0.1	0.3	0.3	0.5	0.4
Effective Tax Rate						11%	-13.4%	25.9%	24.8%	23.2%	22.2%