BSBR vs. NWG: Banco Santander (Brasil) vs. NatWest Stock Comparison

Company Profile

Banco Santander (Brasil) (BSBR) and NatWest (NWG) are both classified in the Diversified Banks sub-industry within the broader Banks industry, placing them in the closest GICS peer bucket.

Both Banco Santander (Brasil) (BSBR) and NatWest (NWG) trade as ADRs — their core financials are comparable, but keep FX, depositary-program fees, and dividend withholding in view for each.

Price Performance

Cumulative Growth

Trailing Returns

Calendar-Year Returns

Performance Metrics

Risk Profile

Drawdown History

Return Distribution

Risk Metrics

Risk-Adjusted Performance

Risk-Return Positioning

Risk-Adjusted Metrics

Profitability

NatWest (NWG) at 14.58% sits in the top ROE quartile, while Banco Santander (Brasil) (BSBR) at 10.20% is closer to the peer norm — stronger capital efficiency for NWG.

NatWest (NWG) at 36.93% retains a top-quartile share of revenue as profit, ahead of Banco Santander (Brasil) (BSBR) at 27.53%, which keeps about the industry-typical share.

Neither side reports a meaningful operating margin: for Banco Santander (Brasil) (BSBR) in Banks and NatWest (NWG) in Banks, funding costs are part of the core business, so net margin and ROE are the cleaner profitability reads.

Profitability Metrics

Growth

NatWest (NWG) at 13.35% is around its peer norm for revenue growth, while Banco Santander (Brasil) (BSBR) at -3.79% drops into the bottom quartile, signaling weaker demand or pricing momentum.

NatWest (NWG) at 26.93% is around its peer norm for EPS growth, while Banco Santander (Brasil) (BSBR) at -4.61% drops into the bottom quartile, signaling weaker earnings momentum.

Growth Metrics

Financial Strength

current ratio doesn’t apply on either side: Banco Santander (Brasil) (BSBR) in Banks and NatWest (NWG) in Banks both report balance sheets without a current/non-current split, so their short-term liquidity is better judged through regulatory and funding measures.

debt-to-equity ratio is set aside for both: Banco Santander (Brasil) (BSBR) in Banks and NatWest (NWG) in Banks run businesses where balance-sheet leverage is part of the model, so capital-adequacy and funding measures are the better gauges of balance-sheet risk.

Financial Strength Metrics

Dividends

Banco Santander (Brasil) (BSBR) at 5.60% delivers top-quartile income for its industry, while NatWest (NWG) at 2.19% pays a more typical yield — both are credible income propositions, BSBR the richer one.

Banco Santander (Brasil) (BSBR) reports payout ratio above 100% at 143.10%, meaning dividends exceeded current-period earnings and sustainability needs extra context. Meanwhile NatWest (NWG) reports 47.43%, ranking against industry peers normally.

Dividend Metrics

Valuation

NatWest (NWG) at 7.84 sits in the cheaper P/E ratio quartile, while Banco Santander (Brasil) (BSBR) at 14.97 sits in the richer quartile — a clear split in what investors pay for each dollar of trailing earnings.

P/S ratio is set aside for both Banco Santander (Brasil) (BSBR) in Banks and NatWest (NWG) in Banks: without a conventional revenue line, pricing per dollar of sales isn’t meaningful, and book- or earnings-based multiples make the better comparison.

Banco Santander (Brasil) (BSBR) at 0.34 trades below its peer P/B ratio range relative to book, while NatWest (NWG) at 1.20 sits near its industry’s middle — BSBR is the cheaper of the two against assets.

Valuation Metrics