NN GROUP NV (2NN.DE) Fundamental Analysis & Valuation

FRA:2NN • NL0010773842

Current stock price

73.16 EUR
0 (0%)
Last:

This 2NN.DE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

1

1. 2NN.DE Profitability Analysis

1.1 Basic Checks

  • 2NN had positive earnings in the past year.
  • 2NN had a negative operating cash flow in the past year.
  • In the past 5 years 2NN has always been profitable.
  • In the past 5 years 2NN reported 4 times negative operating cash flow.
2NN.DE Yearly Net Income VS EBIT VS OCF VS FCF2NN.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5B -5B

1.2 Ratios

  • 2NN has a Return On Assets of 0.54%. This is in the lower half of the industry: 2NN underperforms 68.89% of its industry peers.
  • 2NN has a Return On Equity of 5.25%. This is amonst the worse of the industry: 2NN underperforms 80.00% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 0.39%, 2NN is doing worse than 62.22% of the companies in the same industry.
  • 2NN had an Average Return On Invested Capital over the past 3 years of 0.43%. This is below the industry average of 3.90%.
Industry RankSector Rank
ROA 0.54%
ROE 5.25%
ROIC 0.39%
ROA(3y)0.6%
ROA(5y)0.77%
ROE(3y)5.87%
ROE(5y)6.88%
ROIC(3y)0.43%
ROIC(5y)0.44%
2NN.DE Yearly ROA, ROE, ROIC2NN.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2 4 6 8

1.3 Margins

  • 2NN has a Profit Margin of 8.58%. This is in the lower half of the industry: 2NN underperforms 62.22% of its industry peers.
  • 2NN's Profit Margin has been stable in the last couple of years.
  • 2NN's Operating Margin of 7.58% is on the low side compared to the rest of the industry. 2NN is outperformed by 73.33% of its industry peers.
  • In the last couple of years the Operating Margin of 2NN has declined.
Industry RankSector Rank
OM 7.58%
PM (TTM) 8.58%
GM N/A
OM growth 3Y77.28%
OM growth 5Y-12.52%
PM growth 3Y-15.64%
PM growth 5Y0.04%
GM growth 3YN/A
GM growth 5YN/A
2NN.DE Yearly Profit, Operating, Gross Margins2NN.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10

5

2. 2NN.DE Health Analysis

2.1 Basic Checks

  • 2NN has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • The number of shares outstanding for 2NN has been reduced compared to 1 year ago.
  • The number of shares outstanding for 2NN has been reduced compared to 5 years ago.
  • Compared to 1 year ago, 2NN has a worse debt to assets ratio.
2NN.DE Yearly Shares Outstanding2NN.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M
2NN.DE Yearly Total Debt VS Total Assets2NN.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50B 100B 150B 200B 250B

2.2 Solvency

  • 2NN has an Altman-Z score of 0.15. This is a bad value and indicates that 2NN is not financially healthy and even has some risk of bankruptcy.
  • With a decent Altman-Z score value of 0.15, 2NN is doing good in the industry, outperforming 75.56% of the companies in the same industry.
  • A Debt/Equity ratio of 0.65 indicates that 2NN is somewhat dependend on debt financing.
  • 2NN's Debt to Equity ratio of 0.65 is on the low side compared to the rest of the industry. 2NN is outperformed by 62.22% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.65
Debt/FCF N/A
Altman-Z 0.15
ROIC/WACC0.05
WACC8.16%
2NN.DE Yearly LT Debt VS Equity VS FCF2NN.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10B 20B 30B

2.3 Liquidity

  • 2NN has a Current Ratio of 3.04. This indicates that 2NN is financially healthy and has no problem in meeting its short term obligations.
  • Looking at the Current ratio, with a value of 3.04, 2NN belongs to the top of the industry, outperforming 91.11% of the companies in the same industry.
  • A Quick Ratio of 3.04 indicates that 2NN has no problem at all paying its short term obligations.
  • The Quick ratio of 2NN (3.04) is better than 91.11% of its industry peers.
Industry RankSector Rank
Current Ratio 3.04
Quick Ratio 3.04
2NN.DE Yearly Current Assets VS Current Liabilites2NN.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B 10B

3

3. 2NN.DE Growth Analysis

3.1 Past

  • 2NN shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -25.20%.
  • Measured over the past years, 2NN shows a decrease in Earnings Per Share. The EPS has been decreasing by -6.58% on average per year.
  • Looking at the last year, 2NN shows a small growth in Revenue. The Revenue has grown by 4.24% in the last year.
  • The Revenue has been decreasing by -9.76% on average over the past years.
EPS 1Y (TTM)-25.2%
EPS 3Y-7.79%
EPS 5Y-6.58%
EPS Q2Q%-15.28%
Revenue 1Y (TTM)4.24%
Revenue growth 3Y5.34%
Revenue growth 5Y-9.76%
Sales Q2Q%2.17%

3.2 Future

  • Based on estimates for the next years, 2NN will show a small growth in Earnings Per Share. The EPS will grow by 7.77% on average per year.
  • The Revenue is expected to grow by 6.28% on average over the next years.
EPS Next Y34.25%
EPS Next 2Y18.77%
EPS Next 3Y14.06%
EPS Next 5Y7.77%
Revenue Next Year2.7%
Revenue Next 2Y3.34%
Revenue Next 3Y-7.96%
Revenue Next 5Y6.28%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
2NN.DE Yearly Revenue VS Estimates2NN.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 5B 10B 15B 20B
2NN.DE Yearly EPS VS Estimates2NN.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2 4 6 8

4

4. 2NN.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 17.50, 2NN is valued on the expensive side.
  • Compared to the rest of the industry, the Price/Earnings ratio of 2NN indicates a slightly more expensive valuation: 2NN is more expensive than 73.33% of the companies listed in the same industry.
  • The average S&P500 Price/Earnings ratio is at 27.71. 2NN is valued slightly cheaper when compared to this.
  • Based on the Price/Forward Earnings ratio of 8.81, the valuation of 2NN can be described as reasonable.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of 2NN indicates a rather cheap valuation: 2NN is cheaper than 86.67% of the companies listed in the same industry.
  • 2NN is valuated cheaply when we compare the Price/Forward Earnings ratio to 38.09, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 17.5
Fwd PE 8.81
2NN.DE Price Earnings VS Forward Price Earnings2NN.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • 2NN's Enterprise Value to EBITDA ratio is in line with the industry average.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 23.86
2NN.DE Per share data2NN.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 40 60 80

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • 2NN's earnings are expected to grow with 14.06% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.51
PEG (5Y)N/A
EPS Next 2Y18.77%
EPS Next 3Y14.06%

6

5. 2NN.DE Dividend Analysis

5.1 Amount

  • 2NN has a Yearly Dividend Yield of 5.32%, which is a nice return.
  • Compared to an average industry Dividend Yield of 3.89, 2NN pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.81, 2NN pays a better dividend.
Industry RankSector Rank
Dividend Yield 5.32%

5.2 History

  • The dividend of 2NN is nicely growing with an annual growth rate of 23.47%!
Dividend Growth(5Y)23.47%
Div Incr Years3
Div Non Decr Years3
2NN.DE Yearly Dividends per share2NN.DE Yearly Dividends per shareYearly Dividends per share 2022 2023 2024 2025 2026 1 2 3

5.3 Sustainability

  • 2NN pays out 84.90% of its income as dividend. This is not a sustainable payout ratio.
  • The dividend of 2NN is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP84.9%
EPS Next 2Y18.77%
EPS Next 3Y14.06%
2NN.DE Yearly Income VS Free CF VS Dividend2NN.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5B -5B
2NN.DE Dividend Payout.2NN.DE Dividend Payout, showing the Payout Ratio.2NN.DE Dividend Payout.PayoutRetained Earnings

2NN.DE Fundamentals: All Metrics, Ratios and Statistics

NN GROUP NV

FRA:2NN (4/20/2026, 7:00:00 PM)

73.16

0 (0%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)02-12
Earnings (Next)08-06
Inst Owners60.78%
Inst Owner ChangeN/A
Ins Owners0.01%
Ins Owner ChangeN/A
Market Cap19.24B
Revenue(TTM)12.90B
Net Income(TTM)1.11B
Analysts78.4
Price Target71.57 (-2.17%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.32%
Yearly Dividend3.55
Dividend Growth(5Y)23.47%
DP84.9%
Div Incr Years3
Div Non Decr Years3
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)0.31%
PT rev (3m)5.68%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-1.73%
EPS NY rev (3m)2.91%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.83%
Valuation
Industry RankSector Rank
PE 17.5
Fwd PE 8.81
P/S 1.49
P/FCF N/A
P/OCF N/A
P/B 0.91
P/tB 0.97
EV/EBITDA 23.86
EPS(TTM)4.18
EY5.71%
EPS(NY)8.3
Fwd EY11.35%
FCF(TTM)-8.92
FCFYN/A
OCF(TTM)-8.92
OCFYN/A
SpS49.03
BVpS80.08
TBVpS75.56
PEG (NY)0.51
PEG (5Y)N/A
Graham Number86.7863 (18.63%)
Profitability
Industry RankSector Rank
ROA 0.54%
ROE 5.25%
ROCE 0.48%
ROIC 0.39%
ROICexc 0.4%
ROICexgc 0.54%
OM 7.58%
PM (TTM) 8.58%
GM N/A
FCFM N/A
ROA(3y)0.6%
ROA(5y)0.77%
ROE(3y)5.87%
ROE(5y)6.88%
ROIC(3y)0.43%
ROIC(5y)0.44%
ROICexc(3y)0.44%
ROICexc(5y)0.45%
ROICexgc(3y)0.59%
ROICexgc(5y)0.59%
ROCE(3y)0.53%
ROCE(5y)0.54%
ROICexgc growth 3Y90.15%
ROICexgc growth 5Y-16.9%
ROICexc growth 3Y85.84%
ROICexc growth 5Y-17.67%
OM growth 3Y77.28%
OM growth 5Y-12.52%
PM growth 3Y-15.64%
PM growth 5Y0.04%
GM growth 3YN/A
GM growth 5YN/A
F-Score4
Asset Turnover0.06
Health
Industry RankSector Rank
Debt/Equity 0.65
Debt/FCF N/A
Debt/EBITDA 12.27
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage 0.73
Cash Conversion N/A
Profit Quality N/A
Current Ratio 3.04
Quick Ratio 3.04
Altman-Z 0.15
F-Score4
WACC8.16%
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)-25.2%
EPS 3Y-7.79%
EPS 5Y-6.58%
EPS Q2Q%-15.28%
EPS Next Y34.25%
EPS Next 2Y18.77%
EPS Next 3Y14.06%
EPS Next 5Y7.77%
Revenue 1Y (TTM)4.24%
Revenue growth 3Y5.34%
Revenue growth 5Y-9.76%
Sales Q2Q%2.17%
Revenue Next Year2.7%
Revenue Next 2Y3.34%
Revenue Next 3Y-7.96%
Revenue Next 5Y6.28%
EBIT growth 1Y-22.52%
EBIT growth 3Y86.75%
EBIT growth 5Y-21.06%
EBIT Next Year13.12%
EBIT Next 3Y5.45%
EBIT Next 5YN/A
FCF growth 1Y-393.89%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-485.04%
OCF growth 3YN/A
OCF growth 5YN/A

NN GROUP NV / 2NN.DE Fundamental Analysis FAQ

What is the ChartMill fundamental rating of NN GROUP NV (2NN.DE) stock?

ChartMill assigns a fundamental rating of 3 / 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.


Can you provide the profitability details for NN GROUP NV?

NN GROUP NV (2NN.DE) has a profitability rating of 1 / 10.


Can you provide the financial health for 2NN stock?

The financial health rating of NN GROUP NV (2NN.DE) is 5 / 10.


Can you provide the dividend sustainability for 2NN stock?

The dividend rating of NN GROUP NV (2NN.DE) is 6 / 10 and the dividend payout ratio is 84.9%.