(NWG) Natwest - NYSE
Sector: Financial Services | Industry: Banks - Regional | Exchange: NYSE (USA) | Market Cap: 65.991m USD | Total Return: 25.8% in 12m
Avg Turnover: 56.8M
EPS Trend: -17.7%
Qual. Beats: 0
Rev. Trend: 87.2%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
No distinct edge detected
NatWest Group plc is a major UK-based financial institution providing retail, private, and commercial banking services. Formerly known as The Royal Bank of Scotland Group, the company operates through three primary segments serving a diverse client base ranging from individual consumers and high-net-worth individuals to large corporate institutions.
The business model relies heavily on net interest income generated from its mortgage and personal lending portfolios, alongside fee-based wealth management services. As a constituent of the Diversified Banks sub-industry, NatWest is subject to the monetary policy and interest rate environment established by the Bank of England.
Investors can further evaluate these sector dynamics and historical performance trends on ValueRay.
Headquartered in Edinburgh, the group maintains a significant presence in offshore jurisdictions including the Channel Islands and Luxembourg. Its current structure reflects a strategic shift toward domestic retail and commercial banking following its rebranding in 2020.
- Bank of England interest rate decisions impact net interest margin performance
- UK mortgage market competition pressures retail banking loan yields and volume
- Government shareholding reduction increases market liquidity and signals full privatization
- UK macroeconomic stability dictates loan impairment charges and credit loss provisions
- Cost reduction programs and digital transformation drive operational efficiency and margins
| Net Income: 5.99b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA 0.67 > 1.0 |
| NWC/Revenue: -1.40k% < 20% (prev -1.29k%; Δ -116.0% < -1%) |
| CFO/TA 0.01 > 3% & CFO 7.07b > Net Income 5.99b |
| Net Debt (-76.0b) to EBITDA (9.10b): -8.35 < 3 |
| Current Ratio: 0.25 > 1.5 & < 3 |
| Outstanding Shares: last quarter (2.01b) vs 12m ago -1.67% < -2% |
| Gross Margin: 57.38% > 18% (prev 52.34%; Δ 5.04% > 0.5%) |
| Asset Turnover: 4.05% > 50% (prev 4.08%; Δ -0.02% > 0%) |
| Interest Coverage Ratio: 0.63 > 6 (EBIT TTM 7.93b / Interest Expense TTM 12.6b) |
| A: -0.55 (Total Current Assets 136b - Total Current Liabilities 551b) / Total Assets 750b |
| B: 0.02 (Retained Earnings 15.6b / Total Assets 750b) |
| C: 0.01 (EBIT TTM 7.93b / Avg Total Assets 730b) |
| D: 0.06 (Book Value of Equity 43.7b / Total Liabilities 706b) |
| Altman-Z'' = -3.43 = D |
As of June 15, 2026, the stock is trading at USD 16.58 with a total of 3,514,742 shares traded.
Over the past week, the price has changed by +5.00%,
over one month by +8.51%,
over three months by +15.51% and
over the past year by +25.78%.
Natwest has received a consensus analysts rating of 4.00. Therefore, it is recommended to buy NWG.
- StrongBuy: 1
- Buy: 0
- Hold: 1
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 19.2 | 16% |
P/E Trailing = 8.8663
P/E Forward = 9.058
P/S = 4.06
P/B = 1.1316
P/EG = 2.5165
Revenue TTM = 29.6b USD
EBIT TTM = 7.93b USD
EBITDA TTM = 9.10b USD
Long Term Debt = 59.8b USD (from longTermDebt, last fiscal year)
Short Term Debt = unknown (none)
Debt = 59.8b USD (corrected: LT Debt 59.8b + ST Debt none)
Net Debt = -76.0b USD (calculated: Debt 59.8b - CCE 136b)
Enterprise Value = 66.0b USD (floored to Market Cap, CCE > MCap+Debt)
Interest Coverage Ratio = 0.63 (Ebit TTM 7.93b / Interest Expense TTM 12.6b)
EV/FCF = 11.40x (Enterprise Value 66.0b / FCF TTM 5.79b)
FCF Yield = 8.77% (FCF TTM 5.79b / Enterprise Value 66.0b)
FCF Margin = 19.57% (FCF TTM 5.79b / Revenue TTM 29.6b)
Net Margin = 20.26% (Net Income TTM 5.99b / Revenue TTM 29.6b)
Gross Margin = 57.38% ((Revenue TTM 29.6b - Cost of Revenue TTM 12.6b) / Revenue TTM)
Gross Margin QoQ = 59.01% (prev 58.05%)
Tobins Q-Ratio = 0.09 (Enterprise Value 66.0b / Total Assets 750b)
Interest Expense / Debt = 21.08% (Interest Expense 12.6b / Debt 59.8b)
Taxrate = 24.33% (1.93b / 7.93b)
NOPAT = 6.00b (EBIT 7.93b * (1 - 24.33%))
Current Ratio = 0.25 (Total Current Assets 136b / Total Current Liabilities 551b)
Debt / Equity = 1.37 (Debt 59.8b / totalStockholderEquity, last quarter 43.7b)
Debt / EBITDA = -8.35 (Net Debt -76.0b / EBITDA 9.10b)
Debt / FCF = -13.12 (Net Debt -76.0b / FCF TTM 5.79b)
Total Stockholder Equity = 42.6b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.82% (Net Income 5.99b / Total Assets 750b)
RoE = 14.06% (Net Income TTM 5.99b / Total Stockholder Equity 42.6b)
RoCE = 7.74% (EBIT 7.93b / Capital Employed (Equity 42.6b + L.T.Debt 59.8b))
RoIC = 3.04% (NOPAT 6.00b / Invested Capital 197b)
WACC = 12.13% (E(66.0b)/V(126b) * Re(8.66%) + D(59.8b)/V(126b) * Rd(21.08%) * (1-Tc(0.24)))
Discount Rate = 8.66% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -95.56 | Cagr: -12.23%
[DCF] Terminal Value 66.76% ; FCFF base≈3.75b ; Y1≈4.30b ; Y5≈6.33b
[DCF] Fair Price = 33.40 (EV 57.0b - Net Debt -76.0b = Equity 133b / Shares 3.98b; r=12.13% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: -17.75 | EPS CAGR: -26.00% | SUE: 0.00 | # QB: 0
Revenue Correlation: 87.16 | Revenue CAGR: 15.29% | SUE: 0.73 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.50 | Chg30d=-1.76% | Revisions=-20% | Analysts=1
EPS next Quarter (2026-09-30): EPS=0.52 | Chg30d=-0.97% | Revisions=-20% | Analysts=1
EPS current Year (2026-12-31): EPS=1.93 | Chg30d=N/A | Revisions=N/A | GrowthEPS=+5.6% | GrowthRev=+8.0%
EPS next Year (2027-12-31): EPS=2.14 | Chg30d=N/A | Revisions=N/A | GrowthEPS=+11.3% | GrowthRev=+7.8%