NATWEST GROUP (NWG)

Sector:

Banking

Index:

FTSE 100

310.50p
   
  • Change Today:
      0.50p
  • 52 Week High: 326.40p
  • 52 Week Low: 176.15p
  • Currency: UK Pounds
  • Shares Issued: 8,320m
  • Volume: 2,673,634
  • Market Cap: £25,835m
  • RiskGrade: 62

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Annualisation Factor 1.0 1.0 n/a 1.0 1.0
Dividend Yield 7.7% 5.1% 4.3% 0.0% 0.8%
           
Continuing Operations          
PE Ratio - Adjusted 4.5 7.3 10.6 n/a 9.2
PE Ratio - Diluted 4.5
4.3		 7.3
7.3		 10.6
10.6		 n/a
n/a		 9.3
8.2
PEG - Adjusted 0.1 0.1 n/a n/a 0.1
PEG - Diluted 0.1
0.1		 0.1
0.1		 n/a
n/a		 n/a
n/a		 0.1
0.1
Return on Capital Employed n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a
Operating Margin 41.88%
41.88%		 39.01%
39.01%		 36.86%
36.86%		 (4.58%)
(4.58%)		 29.69%
29.69%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 4.6 7.8 882.0 n/a 9.2
PE Ratio - Diluted 4.6
4.4		 7.9
7.9		 885.3
884.6		 n/a
n/a		 9.3
8.2
PEG - Adjusted 0.1 0.0 n/a n/a 0.0
PEG - Diluted 0.1
0.1		 0.0
0.0		 n/a
n/a		 n/a
n/a		 0.0
0.0

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Price/Book Value 0.7 0.9 0.7 0.6 0.8
Price/Tangible Book Value 0.7 0.9 0.7 0.6 0.8
Price/ Cash Flow (1.2) (0.6) 0.5 0.8 (10.1)
Price/Revenue 1.36 1.99 249.18 2.08 2.19
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 322.72p 297.61p 325.06p 307.31p 306.07p
Net Cash per Share n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Continuing Operations          
Revenue 14,752.00 13,156.00 105.27 10,508.00 14,253.00
Profit Before Tax 6,178.00
6,178.00		 5,132.00
5,132.00		 38.80
38.80		 (481.00)
(481.00)		 4,232.00
4,232.00
           
Revenue per Share 160.98p 133.27p 0.97p 86.88p 118.12p
Pre-Tax Profit per Share 67.42p
67.42p		 51.98p
51.98p		 0.36p
0.36p		 (3.98p)
(3.98p)		 35.07p
35.07p
Market Capitalisation £ (Millions) 21,244.50 27,949.43 27,874.30 21.90 31.30
Operating Margin 41.88%
41.88%		 39.01%
39.01%		 36.86%
36.86%		 (4.58%)
(4.58%)		 29.69%
29.69%
Capital Employed £ (Millions) 35,288.00 35,640.00 43,509.00 47,131.00 46,913.00
Return on Capital Employed n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a
Invested Equity Capital £ (Millions) 37,157.00 36,488.00 41,796.00 43,860.00 43,547.00
           
Earnings per Share - Basic 49.20p
51.81p		 36.50p
36.49p		 23.00p
23.04p		 (0.078p)
(4.59p)		 28.00p
31.49p
Earnings per Share - Diluted 48.90p
51.50p		 36.20p
36.28p		 22.90p
22.94p		 (0.078p)
(4.59p)		 27.89p
31.40p
Earnings per Share - Adjusted 49.20p 36.50p 23.00p (0.08)p 28.00p
Earnings per Share Growth - Basic 35%
42%		 59%
58%		 n/a
n/a		 n/a
n/a		 93%
75%
Earnings per Share Growth - Diluted 35%
42%		 58%
58%		 n/a
n/a		 n/a
n/a		 93%
75%
Earnings per Share Growth - Adjusted 35% 59% n/a n/a 93%
PE Ratio - Diluted 4.5
4.3		 7.3
7.3		 10.6
10.6		 n/a
n/a		 9.3
8.2
PEG - Diluted 0.1
0.1		 0.1
0.1		 n/a
n/a		 n/a
n/a		 0.1
0.1
Tax Rate 23.21% 24.84% 25.91% (15.38%) 10.21%
Dividend Cover 2.89
3.05		 2.70
2.70		 2.19
2.19		 (2.40)
(140.71)		 13.00
14.62
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 47.90p
50.59p		 33.80p
33.83p		 0.28p
0.28p		 (0.067p)
(3.59p)		 28.00p
31.49p
Earnings per Share - Diluted 47.70p
50.29p		 33.60p
33.64p		 0.28p
0.28p		 (0.067p)
(3.59p)		 27.89p
31.40p
Earnings per Share - Adjusted 47.90p 33.80p 0.28p (0.067p) 28.00p
Earnings per Share Growth - Basic 42%
50%		 12,165%
12,162%		 n/a
n/a		 n/a
n/a		 671%
601%
Earnings per Share Growth - Diluted 42%
50%		 12,138%
12,142%		 n/a
n/a		 n/a
n/a		 674%
602%
Earnings per Share Growth - Adjusted 42% 12,165% n/a n/a 671%
PE Ratio - Diluted 4.6
4.4		 7.9
7.9		 885.3
884.6		 n/a
n/a		 9.3
8.2
PEG - Diluted 0.1
0.1		 0.0
0.0		 n/a
n/a		 n/a
n/a		 0.0
0.0
Dividend Cover 2.82
2.98		 2.50
2.51		 0.03
0.03		 (2.07)
(110.03)		 13.00
14.62
Return on Equity (ROE) 12.48%
12.48%		 9.15%
9.15%		 0.07%
0.07%		 (0.99%)
(0.99%)		 8.73%
8.73%
Operating Cash Flow per Share (190.29p) (441.62p) 497.44p 2.43p (25.52p)
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share (432.40p) (326.75p) 4.82p 319.23p (69.18p)
Dividend per Share 17.00p 13.50p 10.50p 0.033p 2.15p
Dividend per Share Growth 25.93% 28.57% 32,097.95% (98.49%) (63.64%)
Dividend Yield 7.7% 5.1% 4.3% 0.0% 0.8%
Shareholders Funds 37,157.00 36,488.00 41,796.00 43,860.00 43,547.00
Net Borrowings £ (Millions) 5,714.00 6,260.00 8,429.00 (114,527.00) (71,014.00)
Net Asset Value per Share (inc. Intangibles) 322.38p 297.53p 324.99p 307.61p 306.00p

Key

* GAAP

a. Includes discontinued activities

b. Based on operating cash flow before tax

c. Not disclosed under IFRS

d. Includes non-current assets

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: Normalised ratios are shown in blue text

Note 6: Forecast figures based on normalised accounts.

 

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