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NatWest Group plc (RBSPF)

USD8.79 -0.13 (-1.46%)
GB OTC Financial Services Banks
Address Gogarburn EH12 1HQ
Edinburgh, SCT, GB
CEO John Paul Thwaite
Website natwestgroup.com
IPO 2009-02-13
CIK 844150 ISIN GB00BM8PJY71

Explore sections of this company profile

Also trades on Deutsche Börse · RYS1.DE (EUR) London Stock Exchange · NWG.L (GBp) New York Stock Exchange · NWG (USD) Other OTC · RBSPF (USD) Swiss Exchange · RBS.SW (CHF)
Description

NatWest Group Plc engages in the provision of international banking and financial services. It operates through the following segments: Retail Banking, Private Banking, Commercial and Institutional, and Central Items and Other. The Retail Banking segment provides a comprehensive range of banking products and related financial services including current accounts, mortgages, personal unsecured lending, and personal deposits. The Private Banking segment focuses on the private banking and wealth management services to UK-connected high-net-worth individuals. The Commercial and Institutional segment includes expertise and tailored solutions needed by businesses, from entrepreneurs through to large corporate organizations. The Central Items and Other segment refer to the corporate functions, such as treasury, finance, risk management, compliance, legal, communications and human resources. The company was founded on March 25, 1968 and is headquartered in Edinburgh, the United Kingdom.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
USD8.79 -0.13 (-1.46%)
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Volume Profile
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Liquidity & share structure
Average Volume
16.4K
Beta
0.82
Float Shares
7.77B
Free Float %
97.6%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-3.04% -2.55% -7.61% -6.93% -4.38% -13.27% +17.15% +145.98% +168.42% +131.12% -69.77%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Analyst Consensus (4 ratings, all time) Buy
Price Targets & DCF
Current price
8.79
DCF (Unlevered) 35.76 +306.8%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Quality scores
Altman Z-Score
-0.52
Distress
Piotroski F-Score
6 / 9
Average
MOAT Score
5 / 10
Developing
Composite Rating
A-
Overall Score
4 / 5
High
DCF Score
4 / 5
High
ROE Score
4 / 5
High
ROA Score
3 / 5
Medium
D/E Score
3 / 5
Medium
P/E Score
4 / 5
High
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
  • ✓
    Revenue growth Banks: +13.8%
    +108.0% ★ Q1'26: +94.8% (vs Q1'25)
  • ✓
    EPS growth Banks: +25.1%
    +28.9% ★ Q1'26: +20.0% (vs Q1'25)
  • ✗
    FCF margin FCF growth · Banks: +75.8%
    -102.5% Q1'26: +0.0% (vs Q1'25)
  • ✓
    EBIT margin Banks: +27.6%
    +25.6% Q1'26: +27.5% (vs Q1'25)
  • ✓
    ROIC Banks: +1.1%
    +35.6% ★ Q1'26: -7.1% (vs Q1'25)
  • ✗
    Share dilution Banks: +0.1%
    +28.6% Q1'26: -1.0% (vs Q1'25)
  • ✗
    Debt / EBITDA Net debt/EBITDA · Banks: 1.37×
    8.17× ★ Q1'26: 0.72× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
▶ WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.83) × ERP
WACC = 46% × Ke + 54% × Kd (17.9%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
—
Intrinsic value (base): 35.76 Current price: 8.79
Enterprise Value: — Equity Value: — Terminal Value: — TV as % of EV: —

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2015
actual 		Dec 2016
actual 		Dec 2017
actual 		Dec 2018
actual 		Dec 2019
actual 		Dec 2020
actual 		Dec 2021
actual 		Dec 2022
actual 		Dec 2023
actual 		Dec 2024
actual 		Dec 2025
actual 		Dec 2026
15 Rev. Ana.
1 EPS Ana. 		Dec 2027
15 Rev. Ana.
1 EPS Ana. 		Dec 2028
6 Rev. Ana.
1 EPS Ana. 		Dec 2029
11 Rev. Ana.
1 EPS Ana. 		Dec 2030
7 Rev. Ana.
Revenue
13.91B
est: 20.52B (-32.2%)
12.37B
est: 14.93B (-17.2%)
12.79B
est: 17.49B (-26.9%)
12.65B
est: 16.86B (-25.0%)
14.25B
est: 16.07B (-11.3%)
7.69B
est: 15.06B (-49.0%)
11.75B
est: 14.42B (-18.5%)
12.98B
est: 15.68B (-17.2%)
14.17B
est: 18.37B (-22.9%)
14.34B
est: 14.56B (-1.5%)
29.84B
est: 16.45B (+81.4%)
18.60B
17.92B – 19.06B
+13.1% YoY
20.13B
19.03B – 21.29B
+8.2% YoY
20.94B
19.98B – 21.82B
+4.0% YoY
21.76B
20.76B – 22.68B
+3.9% YoY
22.18B
21.16B – 23.11B
+1.9% YoY
EBITDA
—
est: 7.69B (-100.0%)
—
est: 5.59B (-100.0%)
—
est: 6.55B (-100.0%)
—
est: 6.31B (-100.0%)
—
est: 6.02B (-100.0%)
—
est: 5.64B (-100.0%)
4.77B
est: 5.40B (-11.7%)
5.97B
est: 5.87B (+1.6%)
7.11B
est: 6.88B (+3.3%)
7.25B
est: 6.31B (+14.9%)
8.79B
est: 7.13B (+23.3%)
8.06B
7.77B – 8.26B
+13.1% YoY
8.73B
8.25B – 9.23B
+8.2% YoY
9.08B
8.66B – 9.46B
+4.0% YoY
9.43B
9.00B – 9.83B
+3.9% YoY
9.61B
9.17B – 10.02B
+1.9% YoY
EBIT
-1.18B
est: 6.04B (-119.5%)
-919.00M
est: 4.39B (-120.9%)
-837.00M
est: 5.15B (-116.3%)
-768.00M
est: 4.96B (-115.5%)
-1.22B
est: 4.73B (-125.8%)
-914.00M
est: 4.43B (-120.6%)
3.84B
est: 4.24B (-9.4%)
5.13B
est: 4.61B (+11.2%)
6.18B
est: 5.41B (+14.3%)
6.20B
est: 5.38B (+15.2%)
7.64B
est: 6.07B (+25.8%)
6.87B
6.62B – 7.04B
+13.1% YoY
7.43B
7.03B – 7.86B
+8.2% YoY
7.73B
7.38B – 8.06B
+4.0% YoY
8.04B
7.67B – 8.37B
+3.9% YoY
8.19B
7.82B – 8.53B
+1.9% YoY
Net Income
-1.59B
est: 2.43B (-165.6%)
-5.26B
est: 1.40B (-476.0%)
1.47B
est: 2.76B (-46.6%)
2.16B
est: 2.73B (-21.0%)
3.54B
est: 2.65B (+33.5%)
-372.00M
est: -691.26M (+46.2%)
3.27B
est: 2.72B (+19.9%)
3.59B
est: 3.21B (+11.9%)
4.64B
est: 4.67B (-0.7%)
4.80B
est: 5.43B (-11.5%)
5.83B
est: 7.11B (-18.0%)
8.19B
7.70B – 8.64B
+15.2% YoY
9.27B
8.72B – 9.78B
+13.2% YoY
10.16B
9.55B – 10.71B
+9.6% YoY
10.97B
10.31B – 11.57B
+8.0% YoY
—
— – —
-100.0% YoY
SGA
12.85B
est: 11.47B (+12.0%)
15.39B
est: 8.35B (+84.4%)
8.82B
est: 9.78B (-9.8%)
8.60B
est: 9.43B (-8.7%)
7.90B
est: 8.99B (-12.1%)
7.86B
est: 8.42B (-6.7%)
1.46B
est: 8.06B (-81.9%)
7.30B
est: 8.77B (-16.7%)
7.64B
est: 10.27B (-25.6%)
7.85B
est: 5.70B (+37.8%)
5.46B
est: 6.44B (-15.1%)
7.28B
7.01B – 7.46B
+13.1% YoY
7.88B
7.45B – 8.33B
+8.2% YoY
8.19B
7.82B – 8.54B
+4.0% YoY
8.52B
8.13B – 8.87B
+3.9% YoY
8.68B
8.28B – 9.04B
+1.9% YoY
EPS
-0.33
est: 0.29 (-215.6%)
-0.65
est: 0.16 (-495.6%)
0.07
est: 0.32 (-79.1%)
0.19
est: 0.32 (-40.8%)
0.28
est: 0.31 (-10.1%)
-0.08
est: -0.08 (-3.7%)
0.27
est: 0.32 (-15.7%)
0.34
est: 0.38 (-9.8%)
0.48
est: 0.55 (-12.5%)
0.53
est: 0.50 (+6.9%)
0.68
est: 0.65 (+4.7%)
0.75
0.70 – 0.79
+15.2% YoY
0.85
0.80 – 0.89
+13.2% YoY
0.93
0.87 – 0.98
+9.6% YoY
1.00
0.94 – 1.06
+8.0% YoY
—
— – —
-100.0% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-11 A- 4/5 4/5 4/5 3/5 3/5 4/5 3/5
2026-05-08 A- 4/5 4/5 4/5 3/5 3/5 4/5 3/5
2026-05-07 A- 4/5 4/5 4/5 3/5 3/5 4/5 3/5
2026-05-06 A- 4/5 4/5 4/5 3/5 3/5 4/5 3/5
2026-05-05 A- 4/5 4/5 4/5 3/5 3/5 4/5 3/5
2026-05-04 A- 4/5 4/5 4/5 3/5 3/5 4/5 3/5
2026-05-01 B 3/5 4/5 4/5 3/5 1/5 2/5 2/5
2026-04-30 B 3/5 4/5 4/5 3/5 1/5 2/5 2/5
2026-04-29 B 3/5 4/5 4/5 3/5 1/5 3/5 2/5
2026-04-28 B 3/5 4/5 4/5 3/5 1/5 3/5 2/5
2026-04-27 B+ 3/5 4/5 4/5 4/5 1/5 3/5 2/5
2026-04-24 B+ 3/5 4/5 4/5 4/5 1/5 3/5 2/5
2026-04-22 B+ 3/5 4/5 4/5 4/5 1/5 3/5 2/5
2026-04-21 B+ 3/5 4/5 4/5 4/5 1/5 3/5 2/5
2026-04-20 B+ 3/5 4/5 4/5 4/5 1/5 3/5 2/5
2026-04-17 B+ 3/5 4/5 4/5 4/5 1/5 3/5 2/5
2026-04-16 B+ 3/5 4/5 4/5 4/5 1/5 3/5 2/5
2026-04-15 B+ 3/5 4/5 4/5 4/5 1/5 3/5 2/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
1.30B
OE per share TTM
0.16
Owner's Yield
2.12%
Maintenance CapEx ratio
76.90%
Maint CapEx / Avg PPE
28.8%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
17
Beneficial owners (>5%)
# Reporting person ⇅ Amount owned ⇅ % of class ⇅ Sole voting ⇅ Shared voting ⇅ Sole dispositive ⇅ Shared dispositive ⇅ Type Citizenship Filing date ⇅ SEC filing
1 (1)Names of reporting persons. BlackRock, Inc. 529.04M 6.00% 483.68M — 529.04M — HC Delaware 2024-02-02 ↗
2 T. ROWE PRICE ASSOCIATES, INC. 130.03M 6.70% — 4.56M — 4.56M IA Country of Origin: The Netherlands 2010-01-22 ↗
3 The Royal Bank of Scotland  N.V. 3.46M 5.73% — 3.46M — 3.46M CO Country of Origin: The Netherlands 2011-08-24 ↗
4 AMRO Bank N.V. 2.89M 9.80% — 2.89M — 2.89M CO Netherlands 2008-12-24 ↗
5 AMRO Holding N.V. 2.89M 9.80% — 2.89M — 2.89M CO Netherlands 2008-12-24 ↗
6 Holdings B.V. 2.89M 9.80% — 2.89M — 2.89M CO Netherlands 2008-12-24 ↗
7 NatWest Holdings Limited 2.52M 10.15% 2.52M — 2.52M — HC, CO COUNTRY OF ORIGIN 2019-12-13 ↗
8 The Royal Bank of Scotland Group plc 2.52M 10.15% 2.52M — 2.52M — HC, CO COUNTRY OF ORIGIN 2019-12-13 ↗
9 The Royal Bank of Scotland plc 2.52M 10.15% 2.52M — 2.52M — CO COUNTRY OF ORIGIN 2019-12-13 ↗
10 RBS Holdings N.V. 1.46M 0.12% — 1.46M — 1.46M HC, CO Country of Origin: The Netherlands 2013-03-05 ↗
11 RFS Holdings B.V. 1.46M 0.12% — 1.46M — 1.46M HC, CO Country of Origin: The Netherlands 2013-03-05 ↗
12 The Royal Bank of Scotland N.V. 1.46M 0.12% — 1.46M — 1.46M HC, CO Country of Origin: The Netherlands 2013-03-05 ↗
13 RBS Citizens Financial Group, Inc. 407.1K 0.03% — 407.1K — 407.1K HC, CO Country of Origin: The Netherlands 2013-03-05 ↗
14 RBS Citizens N.A. 407.1K 0.03% — 407.1K — 407.1K CO Country of Origin: The Netherlands 2013-03-05 ↗
15 13G — 0.00% — — — — CO COUNTRY OF ORIGIN 2020-10-13 ↗
16 RBSG International Holdings Limited — 0.00% — — — — CO COUNTRY OF ORIGIN: United Kingdom 2016-01-28 ↗
17 The Royal Bank of Scotland  Plc — 0.00% — — — — CO Country of Origin:  United Kingdom                                             Registered:  Scotland 2012-08-31 ↗

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
129.4K
Shares Outstanding
7.96B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings
Filing date Form type Filing
2026-05-11 13F-HR ↗
2026-05-08 6-K ↗
2026-05-07 6-K ↗
2026-05-07 6-K ↗
2026-05-01 6-K ↗
2026-05-01 6-K ↗
2026-05-01 6-K ↗
2026-05-01 6-K ↗
2026-04-30 6-K ↗
2026-04-28 6-K ↗

Executive team

NameTitleCompensationGender
John-Paul Thwaite Group Chief Executive Officer & Executive Director 4M male
Katie Murray Group Chief Financial Officer & Executive Director 3M female
Margaret Jobling Group Chief Marketing Officer — female
Maria Kokkinou Group Chief People Officer — female
Peter John Norton Group Director of Strategy, Economics & Corporate Development — male
Scott Marcar Group Chief Information Officer — male
Stephen Blackman Principal Economist, Strategy & Corporate Development — male
Claire Kane Director of Investor Relations — female
Will Luker Group Chief Legal Officer & General Counsel — male
James Holian Chief Customer & Operations Officer — male
ESG Rating
B
BANKS - DIVERSIFIED
2026
E (Environmental)
63.0 / 55.7
Company / Sector avg.
S (Social)
69.0 / 63.1
Company / Sector avg.
G (Governance)
56.7 / 56.9
Company / Sector avg.
ESG Total
62.9 / 58.6
Company / Sector avg.
ESG Score History BANKS - DIVERSIFIED
Benchmark vs Sector
Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits

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