NatWest Group plc (NWG) vs The PNC Financial Services Group, Inc (PNC)

NatWest Group plc and The PNC Financial Services Group, Inc are both Banks Regional companies. The PNC Financial Services Group, Inc is the larger, with a market value of $89.1B against $72.0B — 1.2× the size. NatWest Group plc trades at the lower P/E: 10.4× against 12.4×. NatWest Group plc grew revenue faster over the last twelve months: 35.8% against 5.20%. The PNC Financial Services Group, Inc has the higher net margin (20.4% vs 18.5%) and the higher return on invested capital (4.85% vs 0.00%). Both pay a dividend; NatWest Group plc yields more (7.66% vs 4.25%). Across the 20 metrics below, NatWest Group plc leads on 13 and The PNC Financial Services Group, Inc on 7.

Valuation

Metric NWG PNC Banks Regional median
P/E 10.45 12.41 12.15
P/S 1.91 2.55 2.37
P/B 1.26 1.42 1.21
Price to free cash flow 4.20 12.14 10.80
EV/EBITDA n/m n/m —
EV/Sales (2.16) 4.15 2.27
Earnings yield 9.57% 8.06% 8.11%
Free cash flow yield 23.82% 8.23% 8.98%

Profitability

Metric NWG PNC Banks Regional median
Gross margin 55.71% 70.25% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 18.54% 20.38% 18.66%
Free cash flow margin 0.00% 21.02% 21.18%
Return on equity 0.00% 11.93% 10.64%
Return on assets 0.00% 1.24% 1.13%
Return on invested capital 0.00% 4.85% 8.33%

Growth

Metric NWG PNC Banks Regional median
Revenue growth (TTM) 35.80% 5.20% 6.61%
EPS growth (last fiscal year) 31.62% 20.74% —
Revenue growth, 5-year CAGR 18.23% 13.23% 12.30%
Net income growth, 5-year CAGR 0.00% 19.35% 9.71%

Health

Metric NWG PNC Banks Regional median
Debt to equity 0.15 1.34 0.22
Current ratio 1.03 0.85 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric NWG PNC Banks Regional median
Dividend yield 7.66% 4.25% 3.75%
Payout ratio 0.31 0.41 0.27

Size

Metric NWG PNC Banks Regional median
Market cap 71.97b 89.10b 921.07m

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