Deutsche Bank Aktiengesellschaft (DB) vs NatWest Group plc (NWG)

Deutsche Bank Aktiengesellschaft and NatWest Group plc are both Banks Regional companies. NatWest Group plc is the larger, with a market value of $69.2B against $61.8B — 1.1× the size. Deutsche Bank Aktiengesellschaft trades at the lower P/E: 7.6× against 9.9×. NatWest Group plc grew revenue faster over the last twelve months: 35.8% against −0.57%. NatWest Group plc has the higher net margin (18.5% vs 9.99%) and the higher return on invested capital (0.00% vs 0.00%). Both pay a dividend; NatWest Group plc yields more (5.38% vs 3.64%). Across the 18 metrics below, Deutsche Bank Aktiengesellschaft leads on 11 and NatWest Group plc on 7.

Valuation

Metric DB NWG Banks Regional median
P/E 7.58 9.89 11.98
P/S 0.89 1.81 2.34
P/B 0.65 1.19 1.19
Price to free cash flow 1.08 3.98 10.63
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 13.19% 10.11% 8.23%
Free cash flow yield 92.56% 25.15% 9.08%

Profitability

Metric DB NWG Banks Regional median
Gross margin 53.63% 55.71% 69.55%
Operating margin 0.00% 0.00% 0.00%
Net margin 9.99% 18.54% 18.66%
Free cash flow margin 82.71% 0.00% 21.11%
Return on equity 7.44% 0.00% 10.65%
Return on assets 0.41% 0.00% 1.13%
Return on invested capital 0.00% 0.00% 8.35%

Growth

Metric DB NWG Banks Regional median
Revenue growth (TTM) (0.57%) 35.80% 6.98%
EPS growth (last fiscal year) 136.49% 31.62% 18.88%
Revenue growth, 5-year CAGR 14.41% 18.23% 12.38%
Net income growth, 5-year CAGR 64.34% 0.00% 9.71%

Health

Metric DB NWG Banks Regional median
Debt to equity 1.35 0.15 0.22
Current ratio 0.72 1.03 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric DB NWG Banks Regional median
Dividend yield 3.64% 5.38% 2.57%
Payout ratio 0.28 0.54 0.30

Size

Metric DB NWG Banks Regional median
Market cap 61.75b 69.17b 913.33m

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