NatWest Group plc

BATS-CHIXE:NWGL Stock Report

Market Cap: UK£32.2b

NatWest Group Past Earnings Performance

Past criteria checks 2/6

NatWest Group has been growing earnings at an average annual rate of 28.7%, while the Banks industry saw earnings growing at 24% annually. Revenues have been growing at an average rate of 8.1% per year. NatWest Group's return on equity is 12.3%, and it has net margins of 31.9%.

Key information

28.7%

Earnings growth rate

33.9%

EPS growth rate

Banks Industry Growth21.2%
Revenue growth rate8.1%
Return on equity12.3%
Net Margin31.9%
Next Earnings Update14 Feb 2025

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How NatWest Group makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

BATS-CHIXE:NWGL Revenue, expenses and earnings (GBP Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 2413,9934,4628,1360
30 Jun 2413,7534,1878,1450
31 Mar 2413,7474,1848,0920
31 Dec 2314,1714,5067,9960
30 Sep 2314,4884,6217,7380
30 Jun 2314,2114,3087,8410
31 Mar 2313,7424,0687,7990
31 Dec 2212,9803,6027,6870
30 Sep 2212,2712,5297,7920
30 Jun 2212,1962,5227,8270
31 Mar 2212,1022,7057,6890
31 Dec 2111,7472,4867,6730
30 Sep 2111,0172,0117,3980
30 Jun 2110,6031,4967,0580
31 Mar 218,088-6036,9390
31 Dec 207,687-9467,8580
30 Sep 208,4897666,8510
30 Jun 208,6863907,7640
31 Mar 2011,9092,7147,7160
31 Dec 1912,2062,8777,8990
30 Sep 1912,1682,0097,4290
30 Jun 1912,8802,7727,3660
31 Mar 1912,3741,5218,5550
31 Dec 1812,6471,6228,6040
30 Sep 1812,7867579,7810
30 Jun 1812,3987019,4790
31 Mar 1812,7071,3019,9060
31 Dec 1712,6477528,8200
30 Sep 1713,125-3,11011,9560
30 Jun 1713,274-3,97112,7280
31 Mar 1712,572-5,72814,0050
31 Dec 1612,238-6,95515,3930
30 Sep 1612,020-5,34410,8530
30 Jun 1612,119-5,02810,3710
31 Mar 1613,104-4,3459,3850
31 Dec 1513,911-3,52012,8490
30 Sep 1514,499-2,59912,2590
30 Jun 1515,720-1,66713,0460
31 Mar 1515,766-1,25013,1700
31 Dec 1416,507-2512,4290
30 Sep 149,383-7,24310,9380
30 Jun 148,140-8,84511,3970
31 Mar 148,633-8,73512,5970
31 Dec 138,723-9,55315,5440

Quality Earnings: NWGL has high quality earnings.

Growing Profit Margin: NWGL's current net profit margins (31.9%) are lower than last year (31.9%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: NWGL has become profitable over the past 5 years, growing earnings by 28.7% per year.

Accelerating Growth: NWGL's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: NWGL had negative earnings growth (-3.4%) over the past year, making it difficult to compare to the Banks industry average (10.1%).

Return on Equity

High ROE: NWGL's Return on Equity (12.3%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/27 11:06
End of Day Share Price 2024/12/27 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

NatWest Group plc is covered by 49 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
David GrinsztajnAlphaValue
Arturo de Frias MarquesBanco Santander
Thomas Andrew RaynerBarclays