NatWest Group Future Growth

Future criteria checks 0/6

NatWest Group is forecast to grow earnings and revenue by 0.3% and 4.5% per annum respectively. EPS is expected to grow by 0.7% per annum. Return on equity is forecast to be 12.8% in 3 years.

Key information

0.3%

Earnings growth rate

0.7%

EPS growth rate

Banks earnings growth	10.4%
Revenue growth rate	4.5%
Future return on equity	12.8%
Analyst coverage	Good
Last updated	25 Nov 2024

Recent future growth updates

Recent updates

NatWest Group: Continued Loan Growth Encouraging Despite Pressure On Net Interest Income

May 02

NatWest: Shares Remain Cheap Despite Reduced Financial Targets

Feb 22

NatWest: Challenging Operating Environment May Lead To A Lower Share Price

Jan 17

NatWest: A Poor Q3 Doesn't Justify The Drop

Oct 28

NatWest Group: Customer Loan Growth Remains Strong Despite Macroeconomic Pressures

Sep 18

NatWest: U.K. Bank Looks Cheap But Faces A Downbeat Economy

Jun 27

NatWest: Good Performance, But A Hold

Jun 17

NatWest GAAP EPS of 13.10p, total income of £3.71B; issues outlook for FY23 and beyond

Feb 17

NatWest: A Banking Phoenix Has Risen

Jan 23

NatWest: Remains Attractive Long-Term Despite A Monster Q4 Rally

Jan 17

NatWest: Benefiting From Higher Interest Rates But Questions Open On Costs

Nov 05

NatWest GAAP EPS of 1.90p, total income of €3.23B

Oct 28

NatWest Group: Management Returns A Huge Amount To Shareholders

Sep 27

NatWest GAAP EPS of €11.00, total income of €104M

Jul 29

NatWest Group: An Analysis Of ECL Provisions

Jul 16

NatWest Now Free To Be The Income Story Investors Want

Mar 04

NatWest Group: Latest Irish Exit Clears The Path For Medium-Term Upside

Jan 03

NatWest Still Has Some Upside Left As Capital Returns Ramp Up

Aug 18

NatWest Group: Stay Bullish Heading Into The Upcoming Earnings Report

Jul 25

Earnings and Revenue Growth Forecasts

NYSE:NWG - Analysts future estimates and past financials data (GBP Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	15,950	4,397	N/A	N/A	16
12/31/2025	15,146	4,037	N/A	N/A	16
12/31/2024	14,445	4,088	N/A	N/A	16
9/30/2024	13,993	4,462	N/A	N/A	N/A
6/30/2024	13,753	4,187	24,687	26,242	N/A
3/31/2024	13,747	4,184	N/A	N/A	N/A
12/31/2023	14,171	4,506	-1,778	-223	N/A
9/30/2023	14,488	4,621	N/A	N/A	N/A
6/30/2023	14,211	4,308	-32,598	-31,216	N/A
3/31/2023	13,742	4,068	N/A	N/A	N/A
12/31/2022	12,980	3,602	-9,649	-8,267	N/A
9/30/2022	12,271	2,529	N/A	N/A	N/A
6/30/2022	12,196	2,522	-21,510	-20,130	N/A
3/31/2022	12,102	2,705	N/A	N/A	N/A
12/31/2021	11,747	2,486	-1,440	-60	N/A
9/30/2021	11,017	2,011	N/A	N/A	N/A
6/30/2021	10,603	1,496	-18,159	-17,435	N/A
3/31/2021	8,088	-603	N/A	N/A	N/A
12/31/2020	7,687	-946	-34,234	-33,510	N/A
9/30/2020	8,489	766	N/A	N/A	N/A
6/30/2020	8,686	390	-1,978	-1,039	N/A
3/31/2020	11,909	2,714	N/A	N/A	N/A
12/31/2019	12,206	2,877	-9,547	-8,608	N/A
9/30/2019	12,168	2,009	N/A	N/A	N/A
6/30/2019	12,880	2,772	-2,459	-1,476	N/A
3/31/2019	12,374	1,521	N/A	N/A	N/A
12/31/2018	12,647	1,622	432	1,415	N/A
9/30/2018	12,786	757	N/A	N/A	N/A
6/30/2018	12,398	701	N/A	-7,229	N/A
3/31/2018	12,707	1,301	N/A	N/A	N/A
12/31/2017	12,647	752	N/A	10,263	N/A
9/30/2017	13,125	-3,110	N/A	N/A	N/A
6/30/2017	13,274	-3,971	N/A	25,490	N/A
3/31/2017	12,572	-5,728	N/A	N/A	N/A
12/31/2016	12,238	-6,955	N/A	-14,068	N/A
9/30/2016	12,020	-5,344	N/A	N/A	N/A
6/30/2016	12,119	-5,028	N/A	26,020	N/A
3/31/2016	13,104	-4,345	N/A	N/A	N/A
12/31/2015	13,911	-3,520	N/A	44,515	N/A
9/30/2015	14,499	-2,599	N/A	N/A	N/A
6/30/2015	15,720	-1,667	N/A	6,175	N/A
3/31/2015	15,766	-1,250	N/A	N/A	N/A
12/31/2014	16,507	-25	N/A	-8,879	N/A
9/30/2014	9,383	-7,243	N/A	N/A	N/A
6/30/2014	8,140	-8,845	N/A	53,607	N/A
3/31/2014	8,633	-8,735	N/A	N/A	N/A
12/31/2013	8,723	-9,553	N/A	53,733	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: NWG's forecast earnings growth (0.3% per year) is below the savings rate (2.6%).

Earnings vs Market: NWG's earnings (0.3% per year) are forecast to grow slower than the US market (15.4% per year).

High Growth Earnings: NWG's earnings are forecast to grow, but not significantly.

Revenue vs Market: NWG's revenue (4.5% per year) is forecast to grow slower than the US market (8.9% per year).

High Growth Revenue: NWG's revenue (4.5% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: NWG's Return on Equity is forecast to be low in 3 years time (12.8%).

NatWest Group Future Growth

Future criteria checks 0/6

Key information

Recent future growth updates

Natwest Group plc Announces Guidance for 2022

NatWest Group Provides Earnings Guidance for 2022

Recent updates

NatWest Group plc (LSE:NWG) announces an Equity Buyback for 262,605,042 shares, representing 3.16% for £1,000 million.

NatWest Q3 2024 Earnings Preview: Positive Performance Trend May Continue

NatWest Group plc Announces Head and Managing Director for India Changes

NatWest Group Announces Executive Changes at Lombard

NatWest: Another Exceptional Quarter

Natwest Group plc Announces Interim Dividend, to Be Paid on 13 September 2024

Natwest Group plc Announces Directorate Change

NatWest: Recent Rally Leaves Shares Fully Valued (Rating Downgrade)

NatWest Group: Continued Loan Growth Encouraging Despite Pressure On Net Interest Income

Natwest Group plc Approves to Declare Final Dividend

NatWest: Shares Remain Cheap Despite Reduced Financial Targets

NatWest Group plc, Annual General Meeting, Apr 23, 2024

Natwest Group plc Announces Appointment of Paul Thwaite as Executive Director

Natwest Group Appoints Emma Crystal as Head of Coutts

NatWest Group plc Appoints Geeta Gopalan as Independent Non-Executive Director with Effect from 1 July 2024

NatWest: Challenging Operating Environment May Lead To A Lower Share Price

NatWest Group plc to Report Q1, 2024 Results on Apr 26, 2024

NatWest: A Poor Q3 Doesn't Justify The Drop

Natwest Group plc Announces the Appointment of Sabrina Wilson to the Board of Directors

NatWest Group: Customer Loan Growth Remains Strong Despite Macroeconomic Pressures

NatWest Group plc Announces Executive Changes

NatWest Group plc (LSE:NWG) commences an Equity Buyback Plan for 966,778,930 shares, representing 10% of its issued share capital, under the authorization approved on April 25, 2023.

NatWest Group plc Announces Interim Dividend for 2023, Payable on 15 September 2023

NatWest Group plc Announces CEO Changes

NatWest: U.K. Bank Looks Cheap But Faces A Downbeat Economy

NatWest: Good Performance, But A Hold

Lightico Ltd acquired Vizolution Limited.

NatWest Group plc (LSE:NWG) completed the acquisition of 85% stake in Cushon Money Limited from Augmentum Fintech PLC (LSE:AUGM).

NatWest Group plc Recommends Final Dividend for 2022, Payable on 2 May 2023

NatWest Group plc, Annual General Meeting, Apr 25, 2023

NatWest GAAP EPS of 13.10p, total income of £3.71B; issues outlook for FY23 and beyond

NatWest Group plc (LSE:NWG) entered into an agreement to acquire 85% stake in Cushon Money Limited for £144 million.

Natwest Group plc Announces Directorate Change

NatWest: A Banking Phoenix Has Risen

NatWest: Remains Attractive Long-Term Despite A Monster Q4 Rally

Natwest Appoints Mark Brant as Chief Payments Officer

NatWest: Benefiting From Higher Interest Rates But Questions Open On Costs

Natwest Group plc Announces Guidance for 2022

NatWest GAAP EPS of 1.90p, total income of €3.23B

NatWest Group plc Appoints Roisin Donnelly as an Independent Non-Executive Director with Effect from 1 October 2022

NatWest Group: Management Returns A Huge Amount To Shareholders

Natwest Group plc Announces Board Changes

NatWest Group plc Declares Special Dividend

NatWest Group Provides Earnings Guidance for 2022

Natwest Group plc Announces Interim Dividend for 2022, Payable on September 16, 2022

NatWest GAAP EPS of €11.00, total income of €104M

NatWest Group: An Analysis Of ECL Provisions

Natwest Group plc Announces Resignation of David John King as Director

NatWest Now Free To Be The Income Story Investors Want

NatWest Group plc Recommends Final Dividend for the Year 2021, Payable on May 4, 2022

NatWest Group: Latest Irish Exit Clears The Path For Medium-Term Upside

Consortium including Attestor Capital LLP, Ellandi LLP and Octane Capital Partners acquired Project Mercatus from NatWest Group plc (LSE:NWG).

NatWest Still Has Some Upside Left As Capital Returns Ramp Up

NatWest Group plc (LSE:NWG) commences an Equity Buyback Plan for 1,157,583,542 shares, representing 10% of its issued share capital, under the authorization approved on April 28, 2021.

NatWest Group: Stay Bullish Heading Into The Upcoming Earnings Report

Natwest Group plc Announces Final Dividend Per Share

Allied Irish Banks, p.l.c. signed a non-binding memorandum of understanding to acquire portfolio of performing commercial loans of NatWest Group plc (LSE:NWG).

NatWest Group plc, Annual General Meeting, Apr 28, 2021

NatWest Reportedly in Talks to Sell Adam & Company

NatWest Group plc (LSE:NWG) completed the acquisition of residential mortgage portfolio of Metro Bank PLC (LSE:MTRO) for £3.1 billion.

Permanent TSB Reportedly Retains Morgan Stanley to Advise on A Potential Bid for Ulster Bank

NatWest Group plc (LSE:NWG) agreed to acquire residential mortgage portfolio of Metro Bank PLC (LSE:MTRO) for approximately £3.1 billion.

NatWest Reportedly Considers Sainsbury's Bank Takeover

Natwest Group plc Announces Appointment of Anne Elizabeth McNab as a Director

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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