Professional
Added to YB: 2024-11-19
Pitch date: 2024-09-30
NWG [bullish]
NatWest Group plc
+90.09%
current return
Author Info
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Company Info
NatWest Group plc, together with its subsidiaries, provides banking and financial products and services in the United Kingdom and internationally.
Market Cap
GBP 53.3B
Pitch Price
GBP 8.85
Price Target
N/A
Dividend
3.74%
EV/EBITDA
N/A
P/E
10.36
EV/Sales
N/A
Sector
Banks
Category
value
Show full summary:
L1 Capital Long Short Fund Portfolio Holding: NatWest Group plc
NWG: UK's largest commercial lender (20% share), 2nd largest retail bank (13% mortgages). Best positioned for margin improvement, topline growth from UK housing/economic rebound. Strong Q1: earnings 28% above consensus, NIM +5bps. 8% EPS growth p.a. next 3yrs. Undervalued at 7x FY25 P/E, 1x P/TBV, 15% ROTE.
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