NWG
NatWest Group PLC
$18.18
▲ 2.8%Updated Today 3:42 PM ET
NWG at a glance — five pillars scored 0–100 from real filed financials.
Overall: Favorable · 67/100. A wider, greener shape means more pillars look healthy. Dividends scores 0 when a company pays none — that is a choice, not a flaw.
▲ Up 36.4% over the last 12 months
Market Cap
$69.02B
P/E
9.01x
Forward P/E (est.)
7.51x
ROE
14.1%
Revenue Growth
75.1%
EPS Growth
20.0%
Profit Margin
31.2%
FCF Yield
3.3%
Debt / Equity
2.65x
ROIC
—
Interest Coverage
—
Current Ratio
—
Dividend Yield
4.8%
Implied Growth (rev. DCF)
-2.5%
Rating Score
67/100
NatWest Group PLC (NWG) is a large-cap company in the Banking industry, part of the Financials sector of the S&P 500, with a market value around $69.02B.
In its latest reported year it generated about $38.41B in revenue and $7.41B in net profit.
Our model rates NWG Favorable (67/100) on growth, profitability, financial health, and valuation. The summary below is built from its filed financials and current ratios and refreshes automatically.
Technical analysis reads price and volume to judge momentum and timing. It complements the fundamentals above — it does not replace them. Here is what NWG's chart says today, with each tool explained.
Trend — moving averages. A moving average is the average closing price over a window, which smooths out daily noise. NWG trades near $18.18, above its 50-day average ($16.14) and 200-day average ($16.10). Price above both averages, with the shorter one above the longer, is the textbook definition of an uptrend — momentum favours buyers.
Momentum — RSI. The Relative Strength Index runs 0–100 and measures how strong recent gains are versus losses. Above 70 is "overbought", below 30 "oversold". At 77 it is overbought — the recent rally is stretched and can cool off.
MACD. MACD compares two moving averages to flag shifts in momentum. Its histogram is currently positive — short-term momentum is improving.
Volatility — ATR. Average True Range is the typical daily move. NWG's is $0.40 (~2.2% of price), so swings of about that size each day are normal — handy for setting a stop that isn't too tight.
Support & resistance. Over the last month NWG found buyers near $15.54 (support) and sellers near $18.34 (resistance); its 52-week range is $13.16–$19.36. A decisive break beyond either edge often marks the next move.
Volume. The latest session traded 0.2× the 20-day average — lighter than usual, so the move carries less conviction. Rising volume on up-days suggests real buying; on down-days, real selling.
Educational information to help you read a chart — not a recommendation or a forecast. It updates daily as the price and indicators change.
4Y CAGR
24.2%
Revenue moved from $20.25B in 2016 to $38.41B in 2025, a 7.4% compound annual growth rate. The most recent year grew a strong 75.1% year over year. Consistent top-line growth is one sign of healthy demand.
Gross Margin
—
Operating Margin
40.8%
Net Margin
19.3%
ROE
14.1%
NatWest Group PLC keeps about 31.2% of each sales dollar as net profit. Return on equity is 14.1%. Margins this wide usually signal pricing power or a cost advantage.
Total Debt
—
Net Debt
—
Net Debt / EBITDA
—
Debt / Equity
2.65x
Leverage: debt-to-equity is 2.6x. That is elevated leverage, which raises risk if earnings or rates move against it.
Operating CF
$8.98B
Free Cash Flow
$8.14B
FCF Margin
21.2%
In the latest year NatWest Group PLC produced about $8.98B of operating cash flow and $8.14B of free cash flow after capital spending. That is a free-cash-flow yield of about 3.3% on today's price. Cash flow is what ultimately pays shareholders, so it is worth tracking over time.
Can the payout survive a bad year? Scored from filed cash flow, earnings coverage, and the raise/cut record.
The dividend is being paid, but coverage or consistency is thinner than an income investor should rely on without a closer look.
Dividend yield
4.8%
Total paid (latest FY)
$3.02B
History on record
10 years
dividend uses 37% of free cash flow
41% of net income paid out
total dividends increased 2 years in a row
payout was cut at least once in the last 10 years
Coverage uses the latest fiscal year as filed with the SEC; the streak counts total dollars paid (per-share figures can carry split artifacts). Educational information, not income advice.
P/E
9.01x
P/S
1.28x
P/B
1.23x
EV / EBITDA
—
NWG trades at 9.0x trailing earnings (about 7.5x on estimated forward earnings), 1.3x sales, and 1.2x book value. Reverse-engineering today's price implies the market expects roughly -2.5% long-term free-cash-flow growth. That is an undemanding multiple — potentially cheap if the business is stable.
A two-stage discounted cash flow on real SEC-filed free cash flow — the intrinsic-value anchor professional analysts triangulate from.
DCF fair value / share
—
Current price
$18.18
Starting FCF (latest 10-K)
$8.14B
Growth, years 1–5
20.0%
Fade to terminal, years 6–10
2.5%
Discount rate
9.0%
Cash flows grow at the stage-1 rate (trailing revenue growth, capped at 20%) for five years, fade to 2.5% by year 10, and continue at that rate forever (Gordon terminal value), all discounted at 9.0%. Small changes in assumptions move the result a lot — treat this as one reference point, not a target price. Educational only, not investment advice.
Where NWG sits versus its Financials sector peers in the S&P 500.
Bands show the middle half (25th–75th percentile) of the 141 Financials companies in the S&P 500 — the peer-relative anchor professional comps analysis uses. Context only — not investment advice.
How NWG stacks up against its Financials peers — valuation, profitability, and growth versus the sector median.
In the Financials sector (289 S&P 500 companies), NWG ranks #58 of 289 by our overall rating. It trades at a discount versus the sector on earnings (9x P/E vs. 15.3x median) with a higher return on equity (14.1% vs. 13.6%) and faster revenue growth (75.1% vs. 15.9%).
P/E vs sector
9x
median 15.3x
ROE vs sector
14.1%
median 13.6%
Growth vs sector
75.1%
median 15.9%
Sector rank
#58
of 289 by rating
Valuation vs. quality map
The sweet spot is upper-left: more profitable (higher ROE) for a lower P/E. Dashed lines mark the sector median.
Peers are the closest Financials companies by sub-industry and size. Sector median is across all 289 S&P 500 names in the sector. Educational, not a recommendation.
Project revenue → earnings → price. Edit the assumptions to build your own case.
2030 price target (Base Case)
$0.00 – $0.00
vs. $18.18 today · expected CAGR 28% – 44%
| Metric | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| Revenue | $55.69B | $80.75B | $117.09B | $169.79B | $246.19B |
| Net income | $10.58B | $15.34B | $22.25B | $32.26B | $46.78B |
| EPS | $2.79 | $4.04 | $5.86 | $8.50 | $12.32 |
| Share price (low) | $13.94 | $20.21 | $29.30 | $42.48 | $61.60 |
| Share price (high) | $25.08 | $36.37 | $52.74 | $76.47 | $110.88 |
| CAGR (low–high) | -23% / 38% | 5% / 41% | 17% / 43% | 24% / 43% | 28% / 44% |
Educational model on sample fundamentals — not a forecast or investment advice. Outputs are only as good as your assumptions.
The case for NWG:
- Revenue is growing 75.1% a year, a sign of real demand.
- High net margins (31.2%) point to pricing power or efficiency.
- Pays a 4.8% dividend on top of any price gains.
- Our model's overall read is Favorable (67/100).
The case against NWG:
- Elevated leverage (debt/equity 2.6x) adds financial risk.
- Like any single stock, it is exposed to competition, the economic cycle, and shifts in its end markets.
Balance-sheet risk — debt/equity of 2.6x magnifies the impact of higher rates or weaker earnings.
Market risk — sector rotation, the economic cycle, and broad sentiment move the stock regardless of fundamentals.
On balance, the fundamentals screen favourably: NatWest Group PLC is a large-cap financials business still growing nicely, with solid profitability, and a heavier debt load to watch. It trades at 9.0x earnings, which our model scores Favorable (67/100). Weigh this against your own goals and time horizon — this is educational information, not a recommendation.
Analyst Ratings
What 27 Wall Street analysts covering NWG recommend (July 2026). Consensus is a useful sanity check — not a substitute for your own homework.
Analysts have turned more cautious over the last three months (-4 pts of buy ratings).
Latest SEC Filings
NWG's most recent filings, straight from SEC EDGAR. Annual and quarterly reports are the deep dives; 8-Ks flag material events the moment they happen.
In the Idea Lab
NWG — frequently asked questions
Is NWG a good stock to buy?
We don't give buy or sell advice. Our model rates NatWest Group PLC Favorable (67/100) based on its growth, profitability, financial health, and valuation — use that as a research starting point and make your own decision.
What is NWG's rating on The Stocks School?
NatWest Group PLC currently scores 67/100 (Favorable) on our transparent model, which weighs real fundamentals: growth, margins, returns on capital, balance-sheet strength, and valuation.
How our ratings work →Where does NWG's data come from?
Live price data plus real fundamentals and 5-year financials pulled directly from NatWest Group PLC's SEC filings — refreshed automatically, not hand-entered.
How is the 5-year projection for NWG calculated?
It's a scenario model: it grows revenue at an assumed rate, applies a profit margin and a valuation multiple, and shows the resulting share-price range. The assumptions are yours to change — it's a tool for thinking, not a prediction.
Is this NWG analysis financial advice?
No. Everything on this page is educational research, not financial advice or a recommendation to buy or sell NWG. Always do your own research and consider a licensed professional.
Data notice. Fundamentals and financial statements are sourced from company filings (SEC EDGAR) and market-data providers; prices and market caps refresh on trading days and may be delayed. Ratings, projections, technical signals, and written summaries are model- or rule-generated for education and may simplify or lag the latest filings.
Not advice. Nothing on this page is investment advice or a recommendation to buy, hold, or sell any security. Do your own research and consult a licensed financial professional before investing.