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NatWest Group Valuation Multiples

Discover revenue and EBITDA valuation multiples for NatWest Group and similar Commercial Banking companies like National Bank of Fujairah, First Abu Dhabi Bank, and RAKBANK.

NatWest Group Overview

About NatWest Group

NatWest Group derives around 90% of its total income from the United Kingdom. The bank operates a retail, commercial, and private bank in the U.K., offering clients lending and payment services as well as asset management services.


Founded

1968

HQ

United Kingdom of Great Britain and Northern Ireland
Employees

62.1K+

Financials

LTM Revenue $18.6B

LTM EBITDA n/a

EV

$33.7B

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NatWest Group Financials

NatWest Group has a last 12-month revenue of $18.6B and a last 12-month EBITDA of n/a.

In the most recent fiscal year, NatWest Group achieved revenue of $18.4B and an EBITDA of n/a.

NatWest Group expects next 12-month revenue of  XXX    and NTM EBITDA of  XXX

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NatWest Group P&L

FY 2022 FY 2023 FY 2024 LTM NTM
Revenue $16.8B $18.6B $18.4B $18.6B XXX
Gross Profit n/a n/a n/a XXX XXX
Gross Margin NaN% NaN% NaN% XXX XXX
EBITDA n/a n/a n/a n/a XXX
EBITDA Margin NaN% NaN% NaN% 0% XXX
Net Profit $4.5B $5.8B $6.0B XXX XXX
Net Margin 27% 31% 33% XXX XXX
Net Debt n/a n/a n/a XXX XXX

Financial data powered by Morningstar, Inc.

NatWest Group Stock Performance

As of February 21, 2025, NatWest Group's stock price is GBP 5 (or $6).

NatWest Group has current market cap of GBP 36.4B (or $45.7B), and EV of GBP 26.8B (or $33.7B).

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NatWest Group Stock Data

EV Market Cap Price 1D Price 1M Price 3M Price 12M EPS
$33.7B $45.7B XXX XXX XXX XXX $0.67

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NatWest Group Valuation Multiples

As of February 21, 2025, NatWest Group has market cap of $45.7B and EV of $33.7B.

NatWest Group's trades at 1.8x LTM EV/Revenue multiple, and n/a LTM EBITDA.

Analysts estimate NatWest Group's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

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NatWest Group Financial Valuation Multiples

FY 2024 FY 2025E FY 2026E FY 2027E
EV $33.7B XXX XXX XXX
EV/Revenue 1.8x XXX XXX XXX
EV/EBITDA n/a XXX XXX XXX
P/E 7.6x XXX XXX XXX
P/E/Growth 6.0x XXX XXX XXX
EV/FCF 38.5x XXX XXX XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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NatWest Group Valuation Multiples

NatWest Group's NTM/LTM revenue growth is 7%

NatWest Group's revenue per employee for the last fiscal year averaged $0.3M, while opex per employee averaged $0.2M for the same period.

Over next 12 months, NatWest Group's ratio of sales and marketing spend to revenue is estimated to be  XXX , while its R&D spend to revenue to be  XXX .

Analysts estimate NatWest Group's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

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NatWest Group Operational Valuation Multiples

FY 2024 NTM FY 2025E FY 2026E FY 2027E
Revenue Growth -1% XXX XXX XXX XXX
EBITDA Margin n/a XXX XXX XXX XXX
EBITDA Growth n/a XXX XXX XXX XXX
Rule of 40 (SaaS-only) n/a XXX XXX XXX XXX
Revenue per Employee $0.3M XXX XXX XXX XXX
Opex per Employee $0.2M XXX XXX XXX XXX
S&M Expenses to Revenue n/a XXX XXX XXX XXX
G&A Expenses to Revenue 10% XXX XXX XXX XXX
R&D Expenses to Revenue n/a XXX XXX XXX XXX
Opex to Revenue 54% XXX XXX XXX XXX

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NatWest Group Public Comps

See public comps and valuation multiples for Commercial Banking comps
EV/Revenue EV/EBITDA
2025E 2026E 2027E 2025E 2026E 2027E
Abu Dhabi Commercial Bank XXX XXX XXX XXX XXX XXX
Abu Dhabi Islamic Bank XXX XXX XXX XXX XXX XXX
First Abu Dhabi Bank XXX XXX XXX XXX XXX XXX
National Bank of Fujairah XXX XXX XXX XXX XXX XXX
RAKBANK XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX

Valuation data powered by FactSet, Inc.

NatWest Group M&A and Investment Activity

NatWest Group acquired  XXX companies to date.

Last acquisition by NatWest Group was  XXXXXXXX, XXXXX XXXXX XXXXXX . NatWest Group acquired  XXXXXXXX for  XXX (EV/Revenue multiple of  XXX ).

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Latest Acquisitions by NatWest Group

Acquired Company EV EV/Revenue EV/EBITDA
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX

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About NatWest Group

When was NatWest Group founded? NatWest Group was founded in 1968.
Where is NatWest Group headquartered? NatWest Group is headquartered in United Kingdom of Great Britain and Northern Ireland.
How many employees does NatWest Group have? As of today, NatWest Group has 62.1K+ employees.
Who is the CEO of NatWest Group? NatWest Group's CEO is Mr. Paul Thwaite.
Is NatWest Group publicy listed? Yes, NatWest Group is a public company listed on LON.
What is the stock symbol of NatWest Group? NatWest Group trades under NWG ticker.
When did NatWest Group go public? NatWest Group went public in 1968.
Who are competitors of NatWest Group? Similar companies to NatWest Group include e.g. Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, First Abu Dhabi Bank, National Bank of Fujairah.
What is the current market cap of NatWest Group? NatWest Group's current market cap is $45.7B
What is the current revenue of NatWest Group? NatWest Group's last 12-month revenue is $18.6B.
What is the current EV/Revenue multiple of NatWest Group? Current revenue multiple of NatWest Group is 1.8x.
What is the current revenue growth of NatWest Group? NatWest Group revenue growth between 2023 and 2024 was -1%.
Is NatWest Group profitable? Yes, NatWest Group is EBITDA-positive (as of the last 12 months).

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