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

FRA:2NN • NL0010773842

Current stock price

73.24 EUR
-0.6 (-0.81%)
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.
  • In the past year 2NN has reported a negative cash flow from operations.
  • Each year in the past 5 years 2NN has 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

  • The Return On Assets of 2NN (0.54%) is worse than 66.67% of its industry peers.
  • 2NN has a worse Return On Equity (5.25%) than 77.78% of its industry peers.
  • The Return On Invested Capital of 2NN (0.39%) is worse than 60.00% of its industry peers.
  • 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

  • Looking at the Profit Margin, with a value of 8.58%, 2NN is doing worse than 60.00% of the companies in the same industry.
  • In the last couple of years the Profit Margin of 2NN has remained more or less at the same level.
  • Looking at the Operating Margin, with a value of 7.58%, 2NN is doing worse than 71.11% of the companies in the same industry.
  • 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

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5

2. 2NN.DE Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), 2NN is destroying value.
  • The number of shares outstanding for 2NN has been reduced compared to 1 year ago.
  • Compared to 5 years ago, 2NN has less shares outstanding
  • The debt/assets ratio for 2NN is higher compared to a year ago.
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.
  • 2NN has a better Altman-Z score (0.15) than 73.33% of its industry peers.
  • 2NN has a Debt/Equity ratio of 0.65. This is a neutral value indicating 2NN is somewhat dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.65, 2NN is doing worse than 60.00% of the companies in the same industry.
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.
  • 2NN's Current ratio of 3.04 is amongst the best of the industry. 2NN outperforms 93.33% of its industry peers.
  • 2NN has a Quick Ratio of 3.04. This indicates that 2NN is financially healthy and has no problem in meeting its short term obligations.
  • With an excellent Quick ratio value of 3.04, 2NN belongs to the best of the industry, outperforming 93.33% of the companies in the same industry.
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

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

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%.
  • 2NN shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -6.58% yearly.
  • The Revenue has been growing slightly by 4.24% in the past year.
  • Measured over the past years, 2NN shows a decrease in Revenue. The Revenue has been decreasing by -9.76% on average per year.
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

  • The Earnings Per Share is expected to grow by 7.77% 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 6.28% yearly.
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

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • 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

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4

4. 2NN.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • 2NN is valuated rather expensively with a Price/Earnings ratio of 17.52.
  • Based on the Price/Earnings ratio, 2NN is valued a bit more expensive than the industry average as 71.11% of the companies are valued more cheaply.
  • The average S&P500 Price/Earnings ratio is at 27.47. 2NN is valued slightly cheaper when compared to this.
  • A Price/Forward Earnings ratio of 8.82 indicates a reasonable valuation of 2NN.
  • 2NN's Price/Forward Earnings ratio is rather cheap when compared to the industry. 2NN is cheaper than 91.11% 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 22.62.
Industry RankSector Rank
PE 17.52
Fwd PE 8.82
2NN.DE Price Earnings VS Forward Price Earnings2NN.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of 2NN is on the same level as its industry peers.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 23.79
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

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

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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

  • On average, the dividend of 2NN grows each year by 23.47%, which is quite nice.
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

  • 84.90% of the earnings are spent on dividend by 2NN. 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

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

NN GROUP NV

FRA:2NN (4/23/2026, 7:00:00 PM)

73.24

-0.6 (-0.81%)

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 Cap19.26B
Revenue(TTM)12.90B
Net Income(TTM)1.11B
Analysts78.4
Price Target71.57 (-2.28%)
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 17.52
Fwd PE 8.82
P/S 1.49
P/FCF N/A
P/OCF N/A
P/B 0.91
P/tB 0.97
EV/EBITDA 23.79
EPS(TTM)4.18
EY5.71%
EPS(NY)8.3
Fwd EY11.34%
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 (18.5%)
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%.