NWG vs. WF: NatWest vs. Woori Financial Stock Comparison

Company Profile

NatWest (NWG) and Woori Financial (WF) are both classified in the Diversified Banks sub-industry within the broader Banks industry, placing them in the closest GICS peer bucket.

Both NatWest (NWG) and Woori Financial (WF) 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

NatWest (NWG) trades around 3.73M shares per day on average, while Woori Financial (WF) sees only 85.96K — a volume gap that can matter for position sizing, exit liquidity, and order execution.

Risk-Adjusted Performance

Risk-Return Positioning

Risk-Adjusted Metrics

Profitability

NatWest (NWG) at 14.58% sits in the top ROE quartile, while Woori Financial (WF) at 7.93% is in the bottom quartile, showing a clear gap in returns on equity.

NatWest (NWG) at 36.93% keeps a top-quartile share of each sales dollar as profit, while Woori Financial (WF) at 27.06% keeps a bottom-quartile share.

Neither side reports a meaningful operating margin: for NatWest (NWG) in Banks and Woori Financial (WF) 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 Woori Financial (WF) at 5.30% 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 Woori Financial (WF) at 2.58% drops into the bottom quartile, signaling weaker earnings momentum.

Growth Metrics

Financial Strength

current ratio doesn’t apply on either side: NatWest (NWG) in Banks and Woori Financial (WF) 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: NatWest (NWG) in Banks and Woori Financial (WF) 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

NatWest (NWG) at 2.19% pays an industry-typical yield; Woori Financial (WF) at 1,108.19% is above its entire peer range — the higher number, but one that calls for a look at payout sustainability before treating it as an advantage.

Woori Financial (WF) at 32.85% pays out a band-typical share of earnings, while NatWest (NWG) at 47.43% distributes more than its industry norm — less retained, thinner cover.

Dividend Metrics

Valuation

Both NatWest (NWG) at 7.84 and Woori Financial (WF) at 8.04 sit in the cheaper earnings-multiple quartile for P/E ratio, with the market paying less for a dollar of trailing earnings than it pays for typical peers.

P/S ratio is set aside for both NatWest (NWG) in Banks and Woori Financial (WF) 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.

Woori Financial (WF) at 0.63 sits in the lower P/B ratio quartile against book while NatWest (NWG) at 1.20 is valued near its industry’s middle — WF is cheaper on assets, though weigh it against ROE and asset quality.

Valuation Metrics