Royal Bank of Scotland Group(RBS)

Sector:

Banks

Index:

FTSE 100

Market Cap

£37,903m

Change Today

Price Up4.75p

Share Price

234.75p

RBS Overview

Royal Bank of Scotland has been one of the UK bank sector’s star performers since taking over NatWest in 2000. The group also owns Charter One and Citizens Financial in the US and sells insurance through its Direct Line and Churchill arms.

1 Day Chart (29-Aug-2008)

1 Day Chart

6 Month Chart

6 Month Chart

Income & Efficiency

Latest F'cast
Div Yield 14.1% 8.1%
Div Cover 2.3 1.4
Op Mrgn 31.8% 21.8%
ROCE 20.4%  

Valuation

Latest F'cast
P/E 3.0 9.1
PEG n/a n/a
Pr/Revenue 1.2 1.5
Pr/Book 0.4  

Growth

Latest F'cast
Revenue 11.1% -16.7%
PBT 7.8% -43.0%
EPS -60.0% -66.8%
DPS -63.4% -46.1%

RBS Fundamentals

Year Ending Revenue (£m) Pre-tax (£m) EPS P/E PEG EPS Grth. Div Yield
31-Dec-03 a19,281.00 a6,076.00 157.20p 3.0 0.3 +9% 50.30p 10.7%
31-Dec-04 23,391.00 7,284.00 170.20p 2.9 0.4 +8% 58.00p 11.6%
31-Dec-05 25,902.00 7,936.00 169.40p 3.0 n/a -0% 72.50p 14.4%
31-Dec-06 28,002.00 9,186.00 194.70p 2.9 0.2 +15% 90.60p 15.9%
31-Dec-07 31,115.00 9,900.00 77.80p 4.9 n/a -60% 33.20p 8.7%

a. Based on UK GAAP presentation of accounts - includes discontinued activities

RBS Forecasts

Year Ending Revenue (£m) Pre-tax (£m) EPS P/E PEG EPS Grth. Div Yield
31-Dec-08 25,930.79 5,644.94 25.81p 9.1 n/a -67% 17.91p 8.1%
31-Dec-09 29,205.96 8,394.02 37.50p 6.3 0.1 +45% 19.33p 8.8%

Covering analysts: BBVA, Bernstein Research, Charles Stanley & Co, Citigroup Investment Research, Collins Stewart, Credit Suisse, Deutsche Bank Research, ESN-NCB Stockbrokers, Goldman Sachs, Hichens, Harrison & Co, HSBC Securities, IIR Group, Landesbank Baden-Württemberg, Lehman Bros, Merrill Lynch, Morgan Stanley, Panmure Gordon, Société Générale, Standard & Poors, WestLB Equity Markets, Zurcher Kantonalbank

RBS Company Announcements

Notification of Major Interes 29-Aug-2008 16:26 RNS
Holding(s) in Company 29-Aug-2008 16:05 RNS
Directorate Change 27-Aug-2008 07:00 RNS

RBS ShareCast News

London close: New 2-month closing high 29-Aug-2008 ShareCast
London afternoon: Commodities boost resource sto... 29-Aug-2008 ShareCast
London midday: Commodity issues take lead 29-Aug-2008 ShareCast

RBS Top Newspaper Links

Royal Bank of Scotland eyes up John McFarlane to... 28-Aug-2008 Times
Royal Bank of Scotland paves way for changes at ... 28-Aug-2008 Times
RBS investors still expecting 'deeper shake-up' ... 28-Aug-2008 Telegraph

Latest RBS Director Deals

Traded Action Notifier PriceAmountValue
07-Aug-08 Buy Miller McLean 241.40p 51 £123.11
07-Aug-08 Buy Frederick A Goodwin 241.40p 51 £123.11
07-Jul-08 Buy Miller McLean 198.50p 64 £127.04

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: In the case of dual listed securities, broker recommendations and forecasts relate to the primary listing.

Note 6: Forecast figures based on normalised accounts.

 

RBS Market Data

Currency UK Pounds
Share Price 234.75p Price Up
Change Today +4.75p
52 Week High 500.83p
52 Week Low 165.00p
Volume 82,272,515
Shares Issued 16,146m
Market Cap £37,903m
Beta 2.01
RiskGrade 305

RBS Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
90.87% above the market average90.87% above the market average90.87% above the market average90.87% above the market average90.87% above the market average
60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average
Price Trend
58.81% below the market average58.81% below the market average58.81% below the market average58.81% below the market average58.81% below the market average
17.65% below the sector average17.65% below the sector average17.65% below the sector average17.65% below the sector average17.65% below the sector average
Income
94.52% above the market average94.52% above the market average94.52% above the market average94.52% above the market average94.52% above the market average
9.09% above the sector average9.09% above the sector average9.09% above the sector average9.09% above the sector average9.09% above the sector average
Growth
83.01% below the market average83.01% below the market average83.01% below the market average83.01% below the market average83.01% below the market average
50% below the sector average50% below the sector average50% below the sector average50% below the sector average50% below the sector average

What The Brokers Say

Strong Buy 5
Buy 3
Neutral 12
Sell 1
Strong Sell 2
Total 23
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

RBS Dividends

  Latest Previous
  Final Interim
Ex-Div 05-Mar-08 15-Aug-07
Paid 23-May-08 05-Oct-07
Amount 23.10p 10.10p

Trades for 29-Aug-2008

Time Volume / Share Price
16:36 26,710 @ 235.29p
16:36 74,741 @ 235.38p
16:36 7,164 @ 234.75p
08:02 55,258 @ 232.23p
16:48 3,400 @ 234.67p

RBS Key Personnel

CEO Frederick A Goodwin
Chair Sir Thomas F W McKillop
Finance Director Guy Robert Whittaker

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