(NWG) Natwest - Ratings and Ratios
Banking, Mortgages, Lending, Deposits, Wealth
Dividends
| Dividend Yield | 3.91% |
| Yield on Cost 5y | 19.25% |
| Yield CAGR 5y | 21.02% |
| Payout Consistency | 34.6% |
| Payout Ratio | 37.4% |
| Risk via 10d forecast | |
|---|---|
| Volatility | 29.9% |
| Value at Risk 5%th | 49.6% |
| Relative Tail Risk | 0.84% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 1.64 |
| Alpha | 53.00 |
| CAGR/Max DD | 1.15 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.466 |
| Beta | 0.908 |
| Beta Downside | 0.911 |
| Drawdowns 3y | |
|---|---|
| Max DD | 40.66% |
| Mean DD | 8.38% |
| Median DD | 5.15% |
Description: NWG Natwest December 03, 2025
NatWest Group plc (NYSE: NWG) operates three core segments: Retail Banking, which delivers everyday products such as current accounts, mortgages, unsecured loans and digital banking; Private Banking, focused on wealth-management, credit and advisory services for high-net-worth clients; and Commercial & Institutional, serving businesses from start-ups to large corporates across the UK and select offshore jurisdictions (Channel Islands, Isle of Man, Gibraltar, Luxembourg).
Originally founded in 1727 as the Royal Bank of Scotland, the firm rebranded to NatWest Group in July 2020 following a strategic simplification of its corporate structure and a post-crisis capital recapitalisation.
Key recent KPIs (2023-24 FY) include a Common Equity Tier 1 ratio of ~13.5 % (well above the Basel III minimum), a net interest margin of 1.8 % driven by the Bank of England’s rate hikes, and a loan portfolio of roughly £300 bn with deposit growth of 5 % year-over-year, indicating solid funding stability amid tightening liquidity conditions.
Sector-wide drivers that will shape NatWest’s near-term performance are the UK interest-rate cycle (higher rates boost NIM but pressure mortgage demand), regulatory capital requirements that constrain leverage, and the ongoing digital transformation that is accelerating online channel usage and cost efficiencies.
For a deeper quantitative dive, you might explore NatWest’s detailed financial metrics on ValueRay.
Piotroski VR‑10 (Strict, 0-10) 3.5
| Net Income (5.68b TTM) > 0 and > 6% of Revenue (6% = 1.76b TTM) |
| FCFTA 0.00 (>2.0%) and ΔFCFTA 0.03pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue -1544 % (prev -2369 %; Δ 825.4pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.01 (>3.0%) and CFO 6.89b > Net Income 5.68b (YES >=105%, WARN >=100%) |
| Net Debt (-78.55b) to EBITDA (8.42b) ratio: -9.33 <= 3.0 (WARN <= 3.5) |
| Current Ratio 0.16 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (4.11b) change vs 12m ago -1.92% (target <= -2.0% for YES) |
| Gross Margin 54.82% (prev 21.31%; Δ 33.51pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 4.08% (prev 2.45%; Δ 1.63pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 0.55 (EBITDA TTM 8.42b / Interest Expense TTM 13.25b) >= 6 (WARN >= 3) |
Altman Z'' -3.93
| (A) -0.62 = (Total Current Assets 84.69b - Total Current Liabilities 537.44b) / Total Assets 725.63b |
| (B) 0.02 = Retained Earnings (Balance) 13.16b / Total Assets 725.63b |
| (C) 0.01 = EBIT TTM 7.26b / Avg Total Assets 718.77b |
| (D) 0.03 = Book Value of Equity 23.23b / Total Liabilities 683.25b |
| Total Rating: -3.93 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 59.53
| 1. Piotroski 3.50pt |
| 2. FCF Yield -2.36% |
| 3. FCF Margin 2.37% |
| 4. Debt/Equity 0.14 |
| 5. Debt/Ebitda -9.33 |
| 6. ROIC - WACC (= -1.19)% |
| 7. RoE 13.76% |
| 8. Rev. Trend 70.73% |
| 9. EPS Trend 33.37% |
What is the price of NWG shares?
Over the past week, the price has changed by -1.32%, over one month by +6.52%, over three months by +19.99% and over the past year by +64.72%.
Is NWG a buy, sell or hold?
- Strong Buy: 1
- Buy: 0
- Hold: 1
- Sell: 0
- Strong Sell: 0
What are the forecasts/targets for the NWG price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 15.9 | -3.8% |
| Analysts Target Price | 15.9 | -3.8% |
| ValueRay Target Price | 24.9 | 50.5% |
NWG Fundamental Data Overview November 29, 2025
P/E Trailing = 9.6353
P/E Forward = 8.9686
P/S = 4.218
P/B = 1.1809
P/EG = 3.7372
Beta = 0.929
Revenue TTM = 29.33b GBP
EBIT TTM = 7.26b GBP
EBITDA TTM = 8.42b GBP
Long Term Debt = 52.46b GBP (from longTermDebt, last fiscal year)
Short Term Debt = 37.00b GBP (from shortTermDebt, last quarter)
Debt = 6.14b GBP (from shortLongTermDebtTotal, last quarter)
Net Debt = -78.55b GBP (from netDebt column, last quarter)
Enterprise Value = -29.38b GBP (49.17b + Debt 6.14b - CCE 84.69b)
Interest Coverage Ratio = 0.55 (Ebit TTM 7.26b / Interest Expense TTM 13.25b)
FCF Yield = -2.36% (FCF TTM 694.0m / Enterprise Value -29.38b)
FCF Margin = 2.37% (FCF TTM 694.0m / Revenue TTM 29.33b)
Net Margin = 19.38% (Net Income TTM 5.68b / Revenue TTM 29.33b)
Gross Margin = 54.82% ((Revenue TTM 29.33b - Cost of Revenue TTM 13.25b) / Revenue TTM)
Gross Margin QoQ = 57.41% (prev 55.01%)
Tobins Q-Ratio = -0.04 (set to none) (Enterprise Value -29.38b / Total Assets 725.63b)
Interest Expense / Debt = 52.38% (Interest Expense 3.21b / Debt 6.14b)
Taxrate = 23.00% (502.0m / 2.18b)
NOPAT = 5.59b (EBIT 7.26b * (1 - 23.00%))
Current Ratio = 0.16 (Total Current Assets 84.69b / Total Current Liabilities 537.44b)
Debt / Equity = 0.14 (Debt 6.14b / totalStockholderEquity, last quarter 42.36b)
Debt / EBITDA = -9.33 (Net Debt -78.55b / EBITDA 8.42b)
Debt / FCF = -113.2 (out of range, set to none) (Net Debt -78.55b / FCF TTM 694.0m)
Total Stockholder Equity = 41.32b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.78% (Net Income 5.68b / Total Assets 725.63b)
RoE = 13.76% (Net Income TTM 5.68b / Total Stockholder Equity 41.32b)
RoCE = 7.74% (EBIT 7.26b / Capital Employed (Equity 41.32b + L.T.Debt 52.46b))
RoIC = 7.13% (NOPAT 5.59b / Invested Capital 78.41b)
WACC = 8.32% (E(49.17b)/V(55.31b) * Re(9.36%) + (debt cost/tax rate unavailable))
Discount Rate = 9.36% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -81.65 | Cagr: -13.60%
[DCF Debug] Terminal Value 64.74% ; FCFE base≈617.2m ; Y1≈405.2m ; Y5≈185.3m
Fair Price DCF = 0.74 (DCF Value 2.96b / Shares Outstanding 4.00b; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: 33.37 | EPS CAGR: 54.46% | SUE: 0.01 | # QB: 0
Revenue Correlation: 70.73 | Revenue CAGR: 31.11% | SUE: 0.80 | # QB: 0
EPS next Year (2026-12-31): EPS=1.85 | Chg30d=+0.034 | Revisions Net=+1 | Growth EPS=+7.1% | Growth Revenue=+6.3%
Additional Sources for NWG Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle