Company Valuation: NatWest Group plc

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 20,308 25,432 25,613 19,289 32,339 46,246 46,246 -
Change - 25.23% 0.71% -24.69% 67.66% 43.01% 0% -
Enterprise Value (EV) 20,308 25,432 25,613 19,289 32,339 46,246 46,246 46,246
Change - 25.23% 0.71% -24.69% 67.66% 43.01% 0% 0%
P/E ratio -27x 8.92x 7.89x 4.6x 7.57x 9.67x 8.3x 7.86x
PBR 0.46x 0.63x 0.7x 0.52x 0.82x 1.37x 1.15x 1.07x
PEG - -0x 0.3x 0.1x 0.7x 0.4x 0.97x 1.39x
Capitalization / Revenue 1.88x 2.42x 1.95x 1.31x 2.2x 3.13x 2.59x 2.5x
EV / Revenue 0x 0x 0x 0x 0x 2.81x 2.59x 2.5x
EV / EBITDA - - - - - - - -
EV / EBIT 0x 0x 0x 0x 0x 5.69x 5.16x 4.79x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 0.0323 0.1131 0.303 0.17 0.215 0.325 0.3537 0.3862
Rate of return 1.79% 4.65% 11.4% 7.75% 5.35% 4.99% 6.1% 6.66%
EPS 2 -0.0668 0.2725 0.336 0.477 0.531 0.674 0.699 0.7385
Distribution rate -48.4% 41.5% 90.2% 35.6% 40.5% 48.2% 50.6% 52.3%
Net sales 1 10,796 10,512 13,156 14,752 14,703 16,641 17,870 18,507
EBITDA - - - - - - - -
EBIT 1 4,017 4,001 5,469 6,756 6,554 8,379 8,957 9,654
Net income 1 -753 2,950 3,340 4,394 4,519 5,834 5,553 5,861
Net Debt - - - - - - - -
Reference price 2 1.805 2.431 2.652 2.194 4.021 5.802 5.802 5.802
Nbr of stocks (in thousands) 11,247,939 10,463,285 9,658,084 8,791,563 8,042,415 7,970,691 7,970,691 -
Announcement Date 2/19/21 2/18/22 2/17/23 2/16/24 2/14/25 2/13/26 - -
1GBP in Million2GBP
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
9.01x - - 5.52% 63.03B
14.91x - - 1.92% 816B
13.81x - - 2.06% 379B
5.68x - - 5.48% 349B
14.28x - - 4.24% 289B
5.46x - - 5.46% 271B
13.77x - - 1.96% 269B
14.95x - - 2.92% 237B
5.61x - - 5.41% 233B
15.51x - - 2.49% 222B
Average 11.30x 3.75% 312.91B
Weighted average by Cap. 12.01x 3.31%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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  4. Valuation NatWest Group plc