Natwest Fundamentals and Key Ratios

Company name:	Natwest Group Plc
Company Description:	A UK based banking and financial services company, our purpose is to champion potential.
EPIC:	NWG	Trading Currency:	GBX
Market Sector:	FE10	ISIN:	GB00BM8PJY71
Market Segment:	SET1	Share Type:	DE
WWW Address:	https://www.natwestgroup.com/	Description:	ORD 107.69P
Industry Sector:	BANKS

Price	Price Change [%]	Bid	Ask	Open	High	Low	Volume
263.90	-1.5 [-0.57]	263.70	263.90	263.80	264.70	261.80	5,577,014
Market Cap. [m]	Shares In Issue [m]	Beta	EPS	DPS	PE Ratio	Yield	52-Wks-Range
27,461.80	10,406.14	0.15	25.40	10.50	10.39	3.98	313.10 - 210.90

Natwest Key Figures

Key Figures
(at previous day's close)
Market Cap.	27,461.80	m
Shares In Issue	10,406.14	m
Prev. Close	265.40
PE Ratio	10.39
Dividend Yield	3.98	%
EPS - basic	25.40	p
Dividend PS	10.50	p
Dividend Cover	2.42
Cash Flow PS	515.92	p
Return On Equity (ROE)	7.06	%
Operating Margin	38.36	%
PEG Factor	0.02
EPS Growth Rate	509.68	%
Dividends PS Growth Rate	250.00	%
Net Debt	562,431.97	m
Gross Gearing	94.65	%
Quick Assets	555,585.01	m
Net Working Capital	-	m
Intangibles / Fixed Assets	2.97	%
Turnover PS	101.02	p
Pre-Tax Profit PS	38.75	p
Retained Profit PS	21.69	p
Cash PS	1,708.19	p
Net Cash PS	1,708.19	p
Net Tangible Asset Value PS *	337.04	p
Net Asset Value PS	401.71	p
Spread	0.20 (0.08%)
* Calculation based on Ordinary Capital figure as contained in last annual report, and the most recent shares in issue figure. Therefore the ratio might be exposed to inaccuracies.

Natwest Balance Sheet

%1$s Balance Sheet

Share Price Performance

Share Price Performance
Sample Period ^†	High	Low
1 week	268.00	251.50
4 weeks	296.10	237.20
12 weeks	313.10	237.20
1 year	313.10	210.90

Share Price Chart (5 years)

Natwest Historic Returns

%1$s Historic Returns
Giorni da oggi ^†	Open	Change	%	Open Avg.	Avg. Daily Vol [m]	Total Vol [m]	VWAP
1 week	266.70	-2.80	-1.05	251.50	23.39		261.32
4 weeks	293.00	-29.10	-9.93	237.20	32.18		270.27
12 weeks	279.00	-15.10	-5.41	237.20	26.74		284.06
26 weeks	220.00	43.90	19.95	210.90	22.40		266.65
1 year	238.86	25.04	10.48	210.90	21.98		256.61
3 years	126.97	136.93	107.85	97.50	21.57		212.11
5 years	275.79	-11.89	-4.31	97.50	21.00		225.41
† periods calculated are whole weeks rather than calendar months

Natwest Key Management Ratios

DEEPER ANALYSIS

Natwest Investment Ratios

%1$s Investment Ratios
(Market value analysis) at previous day's close
PQ Ratio	0.50
PE Ratio	10.39
Tobin's Q Ratio	0.03
Tobin's Q Ratio (excl. intangibles)	0.04
Dividend Yield	3.98	%
Market-to-Book Ratio	0.66
Price-to-Pre-Tax Profit PS	6.81
Price-to-Retained Profit PS	12.17
Price-to-Cash Flow PS	0.51
Price-to-Sales PS	2.61
Price-to-Net Tangible Asset Value PS	0.78
Price-to-Cash PS	0.15
Net Working Capital PS	-
Price Pct to Working Capital PS	-	%
Earnings Yield	9.62	%
Average PE	21.08
Years in average	4
PE to PE average	49.28	%

Natwest Financial Ratios

%1$s Financial Ratios
(Leverage Ratios)
Debt Ratio	94.65	%
Debt-to-Equity Ratio	17.71
Debt-to-Equity Ratio (excl. Intgbl)	21.10
Debt-to-Equity Market Value	26.95
Net Gearing	71.92	%
Net Gearing (excl. Intangibles)	72.55	%
Gross Gearing	94.65	%
Gross Gearing (excl. Intangibles)	95.48	%
Gearing Under 1 Year	-	%
Gearing Under 1 Year (excl. Intgbl)	-	%
Assets/Equity	18.71
Cash/Equity	425.23
(Liquidity Ratios)
Net Working Capital to Total Assets	71.05	%
Current Ratio	-
Quick Ratio (Acid Test)	-
Liquidity Ratio	-
Cash & Equiv/Current Assets	31.99	%
(Solvency Ratios)
Enterprise Value	589,900.78	m
CFO/Sales	5.11
CFO/Attributable Profit	18.20
CFO/Assets	0.07
CFO/Debt	0.07
Total Debt/Equity Market Value	26.95
Total Debt/Sales	70.41
Total Debt/Pre-Tax Profit	183.58
Total Debt	740,188.97	m
Total Debt/Net Current Assets	1.33	%
(Dodds - Graham Ratios)
3 yr Compound Earnings Growth	-	%
5 yr Compound Earnings Growth	32.16	%
10 yr Compound Earnings Growth	-	%
Earn drops > 5% in 10yrs	8

Beta coefficients
Beta (60-Mnth)	Beta (36-Mnth)
0.1469	0.1540

Natwest Operating Ratios

%1$s Operating Ratios
(Profitability Ratios)
Return On Capital Employed (ROCE)	0.52	%
Return On Assets (ROA)	0.37	%
Net Profit Margin	28.06	%
Assets Turnover	0.01
Return On Equity (ROE)	7.06	%
Return On Investment (ROI)	0.37	%
Dividend Payout Ratio	41.34	%
Plowback Ratio	58.66	%
Growth from Plowback Ratio	4.04	%
Net Income Of Revenues	21.47	%
(Asset Utilisation Multiples)
Shareholders Equity Turnover	0.25
Fixed Assets Turnover	0.04
Current Assets Turnover	0.02
Net Working Capital Turnover
Inventory Turnover	-
(Other Operating Ratios)
Total Assets-to-Sales	75.22
Debtors-to-Sales	3,556.05	%
Debt Collection Period	12,979.58	Days

Natwest Dividends

%1$s Dividends
Announcement Date	Type	Curr.	Dividend Amount	Period Start	Period End	Ex Date	Record Date	Payment Date	Total Dividend Amount
29 Jul 2022	Interim	GBX	3.50	12/31/2021	12/31/2022	08/25/2022	08/26/2022	09/16/2022	-
18 Feb 2022	Final	GBX	7.50	12/31/2020	12/31/2021	03/17/2022	03/18/2022	05/04/2022	10.50
30 Jul 2021	Interim	GBX	3.00	12/31/2020	12/31/2021	08/12/2021	08/13/2021	09/17/2021	-
19 Feb 2021	Final	GBX	3.00	12/31/2019	12/31/2020	03/25/2021	03/26/2021	05/04/2021	3.00
02 Aug 2019	Special	GBX	12.00	12/31/2018	12/31/2019	08/15/2019	08/16/2019	09/20/2019	-
02 Aug 2019	Interim	GBX	2.00	12/31/2018	12/31/2019	08/15/2019	08/16/2019	09/20/2019	14.00
15 Feb 2019	Special	GBX	7.50	12/31/2017	12/31/2018	03/21/2019	03/22/2019	04/30/2019	-
15 Feb 2019	Final	GBX	3.50	12/31/2017	12/31/2018	03/21/2019	03/22/2019	04/30/2019	13.00
15 Aug 2018	Interim	GBX	2.00	12/30/2017	06/30/2018	08/23/2018	08/24/2018	10/12/2018	-
28 Feb 2008	Final	GBX	23.10	12/31/2006	12/31/2007	03/05/2008	03/07/2008	06/06/2008	33.20
03 Aug 2007	Interim	GBX	10.10	12/30/2006	06/30/2007	08/15/2007	08/17/2007	10/05/2007	-
25 Feb 2007	Final	GBX	66.40	12/31/2005	12/31/2006	03/07/2007	03/09/2007	06/08/2007	30.20
02 Aug 2006	Interim	GBX	24.20	12/30/2005	06/30/2006	08/16/2006	08/18/2006	10/06/2006	-
24 Feb 2006	Final	GBX	53.10	12/31/2004	12/31/2005	03/08/2006	03/10/2006	06/09/2006	24.17
04 Aug 2005	Interim	GBX	19.40	12/30/2004	06/30/2005	08/10/2005	08/12/2005	10/07/2005	-
24 Feb 2005	Final	GBX	41.20	12/31/2003	12/31/2004	03/09/2005	03/11/2005	06/03/2005	19.33
03 Aug 2004	Interim	GBX	16.80	12/30/2003	06/30/2004	08/11/2004	08/13/2004	09/08/2004	-
19 Feb 2004	Final	GBX	35.70	12/31/2002	12/31/2003	03/10/2004	03/12/2004	06/04/2004	17.77
05 Aug 2003	Interim	GBX	14.60	12/30/2002	06/30/2003	08/13/2003	08/15/2003	10/10/2003	-
27 Feb 2003	Final	GBX	31.00	12/31/2001	12/31/2002	03/12/2003	03/14/2003	06/06/2003	14.57
09 Aug 2002	Interim	GBX	12.70	12/30/2001	06/30/2002	08/14/2002	08/16/2002	10/11/2002	-
28 Feb 2002	Final	GBX	27.00	12/31/2000	12/31/2001	03/13/2002	03/15/2002	06/07/2002	12.67
07 Aug 2001	Interim	GBX	11.00	12/30/2000	06/30/2001	08/15/2001	08/17/2001	10/12/2001	-
01 Mar 2001	Final	GBX	23.50	12/31/1999	12/31/2000	03/14/2001	03/16/2001	05/18/2001	11.00
01 Aug 2000	Interim	GBX	9.50	12/30/1999	06/30/2000	08/14/2000	08/18/2000	10/13/2000	-
29 Nov 1999	Final	GBX	20.30	09/30/1998	09/30/1999	12/13/1999	12/17/1999	02/18/2000	9.50
03 Dec 1998	Final	GBX	17.47	09/30/1997	09/30/1998	12/14/1998	12/18/1998	02/19/1999	8.20
17 Nov 1998	Interim	GBX	0.77	03/30/1998	09/30/1998	12/21/1998	12/29/1998	01/29/1999	-
17 Jun 1998	Final	GBX	1.40	03/31/1997	03/31/1998	06/29/1998	07/03/1998	07/30/1998	0.70

Natwest Fundamentals

Profit and Loss Account
	31 Dec 2018 (GBP)		31 Dec 2019 (GBP)		31 Dec 2020 (GBP)		31 Dec 2021 (GBP)
turnover	13,402.00	100.00%	14,253.00	100.00%	10,796.00	100.00%	10,512.00	100.00%	m
pre tax profit	3,359.00	25.06%	423.20	2.97%	-434.00	-4.02%	4,032.00	38.36%	m
attributable profit	1,622.00	12.10%	3,133.00	21.98%	-753.00	-6.97%	2,950.00	28.06%	m
retained profit	55.00	0.41%	115.00	0.81%	-753.00	-6.97%	2,257.00	21.47%	m
eps - basic (p)	13.50		26.00		-6.20		25.40
eps - diluted (p)	13.40		25.90		-6.20		25.30
dividends per share	13.00		14.00		3.00		10.50

Natwest Balance Sheet

Balance Sheet
	31 Dec 2018 (GBP)		31 Dec 2019 (GBP)		31 Dec 2020 (GBP)		31 Dec 2021 (GBP)


	31 Dec 2018 (GBP)		31 Dec 2019 (GBP)		31 Dec 2020 (GBP)		31 Dec 2021 (GBP)
ASSETS
fixed assets	-	-%	-	-%	-	-%	-	-%	m
intangibles	6,616.00	0.95%	6,622.00	0.92%	6,655.00	0.83%	6,723.00	0.86%	m
fixed investments	277,757.98	40.01%	296,536.01	41.01%	298,550.98	37.34%	219,684.00	28.09%	m
current assets - other	-	-%	-	-%	-	-%	-	-%	m
stocks	-	-%	-	-%	-	-%	-	-%	m
debtors	320,964.00	46.23%	342,023.01	47.30%	369,795.99	46.25%	377,828.02	48.32%	m
cash & securities	88,897.00	12.81%	77,858.00	10.77%	124,489.00	15.57%	177,757.00	22.73%	m

TOTAL	694,234.99	100%	723,039.02	100%	799,490.97	100%	781,992.01	100%	m

LIABILITIES
creditors - short	-	-%	-	-%	-	-%	-	-%	m
creditors - long	-	-%	-	-%	-	-%	-	-%	m
creditors - other	637,210.00	91.79%	669,503.98	92.60%	745,704.98	93.27%	731,759.97	93.58%	m
subordinated loans	10,535.00	1.52%	9,979.00	1.38%	9,962.00	1.25%	8,429.00	1.08%	m
insurance funds	-	-%	-	-%	-	-%	-	-%	m

TOTAL	647,745.00	93.30%	679,482.98	93.98%	755,666.98	94.52%	740,188.97	94.65%	m

EQUITY
ord cap, reserves	45,736.00	6.59%	43,547.00	6.02%	43,860.00	5.49%	41,796.00	5.34%	m
prefs, minorities	754.00	0.11%	9.00	0.00%	-36.00	-0.00%	7.00	0.00%	m

TOTAL	46,490.00	6.70%	43,556.00	6.02%	43,824.00	5.48%	41,803.00	5.35%	m

OTHER
NAV Basic	-		-		-		-
NAV Diluted	-		-		-		-

Natwest Cash Flow Statement

%1$s Cash Flow Statement
	31 Dec 2018 (GBP)	31 Dec 2019 (GBP)	31 Dec 2020 (GBP)	31 Dec 2021 (GBP)
Operating CF	-228.00	-3,693.00	29,095.00	53,687.00	m
Pre-Financing CF	-8,183.00	-4,409.00	36,642.00	56,752.00	m
Retained CF	-13,794.00	-8,348.00	38,611.00	51,507.00	m

Natwest Brokers

%1$s Brokers
Name	Activity	Type	Mnemonic	Code
Collins Stewart Europe Limited	Market Maker(MME)	Broker/Dealer	CSCS	CSTEGB21
Deutsche Bank AG London Branch	Market Maker(MME)	Broker/Dealer	DEUT	DEUTGB2L
Commerzbank AG	Market Maker(MME)	Broker/Dealer	KLWT	DRESGB2LPST
Evolution Securities Limited	Market Maker(MME)	Broker/Dealer	EVO	EVBGGB21MMT
J.P. Morgan Securities Ltd	Market Maker(MME)	Broker/Dealer	JPMS	JPMSGB2L
Morgan Stanley Securities Ltd	Market Maker(MME)	Broker/Dealer	MOST	MSSEGB21
Citigrp Global Mkt UK Equities	Market Maker(MME)	Broker/Dealer	CITI	SBUKGB21
Merrill Lynch International	Market Maker(MME)	Broker/Dealer	MLSB	SNCSGB2LBIC
UBS AG	Market Maker(MME)	Broker/Dealer	UBS.	UBSWGB2LEQU
Winterflood Securities Ltd	Market Maker(MME)	Broker/Dealer	WINS	WNTSGB2LBIC

Boards:

Quotes:

Natwest Key Figures

Natwest Balance Sheet

Share Price Performance

Share Price Chart (5 years)

Natwest Historic Returns

Natwest Key Management Ratios

Natwest Investment Ratios

Natwest Financial Ratios

Natwest Operating Ratios

Natwest Dividends

Natwest Fundamentals

Natwest Balance Sheet

Natwest Cash Flow Statement

Natwest Brokers