NatWest Group plc

NYSE:NWG Stock Report

Market Cap: US$39.0b

NatWest Group Future Growth

Future criteria checks 0/6

NatWest Group is forecast to grow earnings and revenue by 1% and 4.7% per annum respectively. EPS is expected to grow by 2.3% per annum. Return on equity is forecast to be 12.7% in 3 years.

Key information

1.0%

Earnings growth rate

2.3%

EPS growth rate

Banks earnings growth10.3%
Revenue growth rate4.7%
Future return on equity12.7%
Analyst coverage

Good

Last updated08 Jan 2025

Recent future growth updates

Recent updates

NatWest: Time To Rightsize After Giant Rise In 2024

Jan 02

NatWest Q3 2024 Earnings Preview: Positive Performance Trend May Continue

Oct 23

NatWest: Another Exceptional Quarter

Jul 31

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

May 11

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)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/202716,3624,371N/AN/A4
12/31/202616,1574,539N/AN/A15
12/31/202515,2944,147N/AN/A15
12/31/202414,4944,089N/AN/A15
9/30/202413,9934,462N/AN/AN/A
6/30/202413,7534,18724,68726,242N/A
3/31/202413,7474,184N/AN/AN/A
12/31/202314,1714,506-1,778-223N/A
9/30/202314,4884,621N/AN/AN/A
6/30/202314,2114,308-32,598-31,216N/A
3/31/202313,7424,068N/AN/AN/A
12/31/202212,9803,602-9,649-8,267N/A
9/30/202212,2712,529N/AN/AN/A
6/30/202212,1962,522-21,510-20,130N/A
3/31/202212,1022,705N/AN/AN/A
12/31/202111,7472,486-1,440-60N/A
9/30/202111,0172,011N/AN/AN/A
6/30/202110,6031,496-18,159-17,435N/A
3/31/20218,088-603N/AN/AN/A
12/31/20207,687-946-34,234-33,510N/A
9/30/20208,489766N/AN/AN/A
6/30/20208,686390-1,978-1,039N/A
3/31/202011,9092,714N/AN/AN/A
12/31/201912,2062,877-9,547-8,608N/A
9/30/201912,1682,009N/AN/AN/A
6/30/201912,8802,772-2,459-1,476N/A
3/31/201912,3741,521N/AN/AN/A
12/31/201812,6471,6224321,415N/A
9/30/201812,786757N/AN/AN/A
6/30/201812,398701N/A-7,229N/A
3/31/201812,7071,301N/AN/AN/A
12/31/201712,647752N/A10,263N/A
9/30/201713,125-3,110N/AN/AN/A
6/30/201713,274-3,971N/A25,490N/A
3/31/201712,572-5,728N/AN/AN/A
12/31/201612,238-6,955N/A-14,068N/A
9/30/201612,020-5,344N/AN/AN/A
6/30/201612,119-5,028N/A26,020N/A
3/31/201613,104-4,345N/AN/AN/A
12/31/201513,911-3,520N/A44,515N/A
9/30/201514,499-2,599N/AN/AN/A
6/30/201515,720-1,667N/A6,175N/A
3/31/201515,766-1,250N/AN/AN/A
12/31/201416,507-25N/A-8,879N/A
9/30/20149,383-7,243N/AN/AN/A
6/30/20148,140-8,845N/A53,607N/A
3/31/20148,633-8,735N/AN/AN/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: NWG's forecast earnings growth (1% per year) is below the savings rate (2.6%).

Earnings vs Market: NWG's earnings (1% per year) are forecast to grow slower than the US market (15.1% per year).

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

Revenue vs Market: NWG's revenue (4.7% per year) is forecast to grow slower than the US market (9.1% per year).

High Growth Revenue: NWG's revenue (4.7% 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 (12.7%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/08 11:56
End of Day Share Price 2025/01/08 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 50 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