NN GROUP NV (2NN.DE) Stock Fundamental Analysis
Europe - Frankfurt Stock Exchange - FRA:2NN - NL0010773842 - Common Stock
65.68 EUR
-0.22 (-0.33%)
2NN gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 46 industry peers in the Insurance industry. 2NN scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. 2NN has a correct valuation and a medium growth rate. 2NN also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
- 2NN had positive earnings in the past year.
- In the past year 2NN had a positive cash flow from operations.
- Each year in the past 5 years 2NN has been profitable.
- In multiple years 2NN reported negative operating cash flow during the last 5 years.
1.2 Ratios
- With a Return On Assets value of 0.61%, 2NN is not doing good in the industry: 78.26% of the companies in the same industry are doing better.
- With a Return On Equity value of 5.84%, 2NN is not doing good in the industry: 89.13% of the companies in the same industry are doing better.
- Looking at the Return On Invested Capital, with a value of 0.43%, 2NN is doing worse than 63.04% of the companies in the same industry.
- 2NN had an Average Return On Invested Capital over the past 3 years of 0.31%. This is below the industry average of 2.71%.
- The 3 year average ROIC (0.31%) for 2NN is below the current ROIC(0.43%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.61% | ||
| ROE | 5.84% | ||
| ROIC | 0.43% |
ROA(3y)0.67%
ROA(5y)0.8%
ROE(3y)6.62%
ROE(5y)6.79%
ROIC(3y)0.31%
ROIC(5y)0.56%
1.3 Margins
- 2NN has a Profit Margin (9.91%) which is comparable to the rest of the industry.
- In the last couple of years the Profit Margin of 2NN has grown nicely.
- Looking at the Operating Margin, with a value of 8.71%, 2NN is doing worse than 63.04% of the companies in the same industry.
- 2NN's Operating Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 8.71% | ||
| PM (TTM) | 9.91% | ||
| GM | N/A |
OM growth 3Y-1.79%
OM growth 5Y0.69%
PM growth 3Y-3.58%
PM growth 5Y9.26%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so 2NN is destroying value.
- Compared to 1 year ago, 2NN has less shares outstanding
- 2NN has less shares outstanding than it did 5 years ago.
- Compared to 1 year ago, 2NN has an improved debt to assets ratio.
2.2 Solvency
- 2NN has an Altman-Z score of 0.13. This is a bad value and indicates that 2NN is not financially healthy and even has some risk of bankruptcy.
- 2NN's Altman-Z score of 0.13 is amongst the best of the industry. 2NN outperforms 80.43% of its industry peers.
- The Debt to FCF ratio of 2NN is 70.44, which is on the high side as it means it would take 2NN, 70.44 years of fcf income to pay off all of its debts.
- With a Debt to FCF ratio value of 70.44, 2NN is not doing good in the industry: 80.43% of the companies in the same industry are doing better.
- A Debt/Equity ratio of 0.62 indicates that 2NN is somewhat dependend on debt financing.
- 2NN has a Debt to Equity ratio (0.62) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.62 | ||
| Debt/FCF | 70.44 | ||
| Altman-Z | 0.13 |
ROIC/WACC0.05
WACC8.11%
2.3 Liquidity
- A Current Ratio of 2.16 indicates that 2NN has no problem at all paying its short term obligations.
- The Current ratio of 2NN (2.16) is better than 91.30% of its industry peers.
- A Quick Ratio of 2.16 indicates that 2NN has no problem at all paying its short term obligations.
- 2NN has a better Quick ratio (2.16) than 91.30% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.16 | ||
| Quick Ratio | 2.16 |
3. Growth
3.1 Past
- The Earnings Per Share has grown by an nice 10.68% over the past year.
- The Earnings Per Share has been decreasing by -0.60% on average over the past years.
- 2NN shows a small growth in Revenue. In the last year, the Revenue has grown by 1.39%.
- Measured over the past years, 2NN shows a very negative growth in Revenue. The Revenue has been decreasing by -12.53% on average per year.
EPS 1Y (TTM)10.68%
EPS 3Y-18.75%
EPS 5Y-0.6%
EPS Q2Q%-40.43%
Revenue 1Y (TTM)1.39%
Revenue growth 3Y-19.29%
Revenue growth 5Y-12.53%
Sales Q2Q%6.55%
3.2 Future
- The Earnings Per Share is expected to grow by 6.03% on average over the next years.
- 2NN is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.10% yearly.
EPS Next Y-3.24%
EPS Next 2Y11.84%
EPS Next 3Y9.81%
EPS Next 5Y6.03%
Revenue Next Year0.22%
Revenue Next 2Y1.88%
Revenue Next 3Y2.5%
Revenue Next 5Y2.1%
3.3 Evolution
- The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
- The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 13.97, 2NN is valued correctly.
- 2NN's Price/Earnings ratio is in line with the industry average.
- When comparing the Price/Earnings ratio of 2NN to the average of the S&P500 Index (27.30), we can say 2NN is valued slightly cheaper.
- The Price/Forward Earnings ratio is 8.15, which indicates a very decent valuation of 2NN.
- 2NN's Price/Forward Earnings ratio is rather cheap when compared to the industry. 2NN is cheaper than 82.61% of the companies in the same industry.
- 2NN's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 24.04.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.97 | ||
| Fwd PE | 8.15 |
4.2 Price Multiples
- The rest of the industry has a similar Enterprise Value to EBITDA ratio as 2NN.
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of 2NN indicates a rather expensive valuation: 2NN more expensive than 80.43% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 93.48 | ||
| EV/EBITDA | 18.41 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y11.84%
EPS Next 3Y9.81%
5. Dividend
5.1 Amount
- 2NN has a Yearly Dividend Yield of 5.36%, which is a nice return.
- 2NN's Dividend Yield is rather good when compared to the industry average which is at 3.93. 2NN pays more dividend than 86.96% of the companies in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.92, 2NN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.36% |
5.2 History
- The dividend of 2NN is nicely growing with an annual growth rate of 15.91%!
Dividend Growth(5Y)15.91%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
- 2NN pays out 73.42% of its income as dividend. This is not a sustainable payout ratio.
- 2NN's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP73.42%
EPS Next 2Y11.84%
EPS Next 3Y9.81%
FRA:2NN (1/13/2026, 7:00:00 PM)
65.68
-0.22 (-0.33%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)08-08 2025-08-08
Earnings (Next)02-18 2026-02-18/amc
Inst Owners59.04%
Inst Owner ChangeN/A
Ins Owners0.01%
Ins Owner ChangeN/A
Market Cap17.67B
Revenue(TTM)12.76B
Net Income(TTM)1.26B
Analysts78.33
Price Target66.73 (1.6%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.36% |
Yearly Dividend2.56
Dividend Growth(5Y)15.91%
DP73.42%
Div Incr Years2
Div Non Decr Years2
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0.15%
PT rev (3m)4.01%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0.23%
EPS NY rev (3m)-5.4%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.97 | ||
| Fwd PE | 8.15 | ||
| P/S | 1.39 | ||
| P/FCF | 93.48 | ||
| P/OCF | 70.96 | ||
| P/B | 0.82 | ||
| P/tB | 0.86 | ||
| EV/EBITDA | 18.41 |
EPS(TTM)4.7
EY7.16%
EPS(NY)8.06
Fwd EY12.27%
FCF(TTM)0.7
FCFY1.07%
OCF(TTM)0.93
OCFY1.41%
SpS47.42
BVpS80.46
TBVpS75.96
PEG (NY)N/A
PEG (5Y)N/A
Graham Number92.25
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.61% | ||
| ROE | 5.84% | ||
| ROCE | 0.54% | ||
| ROIC | 0.43% | ||
| ROICexc | 0.45% | ||
| ROICexgc | 0.59% | ||
| OM | 8.71% | ||
| PM (TTM) | 9.91% | ||
| GM | N/A | ||
| FCFM | 1.48% |
ROA(3y)0.67%
ROA(5y)0.8%
ROE(3y)6.62%
ROE(5y)6.79%
ROIC(3y)0.31%
ROIC(5y)0.56%
ROICexc(3y)0.32%
ROICexc(5y)0.58%
ROICexgc(3y)0.42%
ROICexgc(5y)0.75%
ROCE(3y)0.39%
ROCE(5y)0.7%
ROICexgc growth 3Y-14.7%
ROICexgc growth 5Y-8.18%
ROICexc growth 3Y-16.09%
ROICexc growth 5Y-9.11%
OM growth 3Y-1.79%
OM growth 5Y0.69%
PM growth 3Y-3.58%
PM growth 5Y9.26%
GM growth 3YN/A
GM growth 5YN/A
F-Score7
Asset Turnover0.06
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.62 | ||
| Debt/FCF | 70.44 | ||
| Debt/EBITDA | 10.56 | ||
| Cap/Depr | 40% | ||
| Cap/Sales | 0.47% | ||
| Interest Coverage | 0.78 | ||
| Cash Conversion | 19.75% | ||
| Profit Quality | 14.95% | ||
| Current Ratio | 2.16 | ||
| Quick Ratio | 2.16 | ||
| Altman-Z | 0.13 |
F-Score7
WACC8.11%
ROIC/WACC0.05
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)10.68%
EPS 3Y-18.75%
EPS 5Y-0.6%
EPS Q2Q%-40.43%
EPS Next Y-3.24%
EPS Next 2Y11.84%
EPS Next 3Y9.81%
EPS Next 5Y6.03%
Revenue 1Y (TTM)1.39%
Revenue growth 3Y-19.29%
Revenue growth 5Y-12.53%
Sales Q2Q%6.55%
Revenue Next Year0.22%
Revenue Next 2Y1.88%
Revenue Next 3Y2.5%
Revenue Next 5Y2.1%
EBIT growth 1Y62.43%
EBIT growth 3Y-20.73%
EBIT growth 5Y-11.93%
EBIT Next Year8.41%
EBIT Next 3Y3.51%
EBIT Next 5YN/A
FCF growth 1Y114.01%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y118.99%
OCF growth 3YN/A
OCF growth 5YN/A
NN GROUP NV / 2NN.DE FAQ
What is the ChartMill fundamental rating of NN GROUP NV (2NN.DE) stock?
ChartMill assigns a fundamental rating of 4 / 10 to 2NN.DE.
Can you provide the valuation status for NN GROUP NV?
ChartMill assigns a valuation rating of 4 / 10 to NN GROUP NV (2NN.DE). This can be considered as Fairly Valued.
How profitable is NN GROUP NV (2NN.DE) stock?
NN GROUP NV (2NN.DE) has a profitability rating of 3 / 10.
What is the valuation of NN GROUP NV based on its PE and PB ratios?
The Price/Earnings (PE) ratio for NN GROUP NV (2NN.DE) is 13.97 and the Price/Book (PB) ratio is 0.82.
Can you provide the dividend sustainability for 2NN stock?
The dividend rating of NN GROUP NV (2NN.DE) is 7 / 10 and the dividend payout ratio is 73.42%.