ASR NEDERLAND NV (ASRNL.AS) Stock Fundamental Analysis

AMS:ASRNL • NL0011872643

61.44 EUR
-0.9 (-1.44%)
Last: Feb 27, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to ASRNL. ASRNL was compared to 46 industry peers in the Insurance industry. ASRNL has a medium profitability rating, but doesn't score so well on its financial health evaluation. ASRNL is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

  • In the past year ASRNL was profitable.
  • ASRNL had a positive operating cash flow in the past year.
  • ASRNL had positive earnings in 4 of the past 5 years.
  • The reported operating cash flow has been mixed in the past 5 years: ASRNL reported negative operating cash flow in multiple years.
ASRNL.AS Yearly Net Income VS EBIT VS OCF VS FCFASRNL.AS 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 2B 4B 6B

1.2 Ratios

  • ASRNL's Return On Assets of 0.77% is on the low side compared to the rest of the industry. ASRNL is outperformed by 67.39% of its industry peers.
  • Looking at the Return On Equity, with a value of 11.03%, ASRNL is doing worse than 76.09% of the companies in the same industry.
  • ASRNL's Return On Invested Capital of 3.66% is amongst the best of the industry. ASRNL outperforms 80.43% of its industry peers.
  • ASRNL had an Average Return On Invested Capital over the past 3 years of 2.65%. This is in line with the industry average of 3.04%.
  • The 3 year average ROIC (2.65%) for ASRNL is below the current ROIC(3.66%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 0.77%
ROE 11.03%
ROIC 3.66%
ROA(3y)0.56%
ROA(5y)0%
ROE(3y)8.3%
ROE(5y)1.7%
ROIC(3y)2.65%
ROIC(5y)N/A
ASRNL.AS Yearly ROA, ROE, ROICASRNL.AS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 -10 -20

1.3 Margins

  • The Profit Margin of ASRNL (6.61%) is worse than 69.57% of its industry peers.
  • ASRNL's Profit Margin has declined in the last couple of years.
  • With an excellent Operating Margin value of 40.49%, ASRNL belongs to the best of the industry, outperforming 95.65% of the companies in the same industry.
  • In the last couple of years the Operating Margin of ASRNL has grown nicely.
Industry RankSector Rank
OM 40.49%
PM (TTM) 6.61%
GM N/A
OM growth 3YN/A
OM growth 5Y20.02%
PM growth 3YN/A
PM growth 5Y-19.65%
GM growth 3YN/A
GM growth 5YN/A
ASRNL.AS Yearly Profit, Operating, Gross MarginsASRNL.AS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 -40

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ROAROEROICOperating and Profit MarginShow most profitable peers

1

2. Health

2.1 Basic Checks

  • ASRNL has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • Compared to 1 year ago, ASRNL has less shares outstanding
  • Compared to 5 years ago, ASRNL has more shares outstanding
  • Compared to 1 year ago, ASRNL has an improved debt to assets ratio.
ASRNL.AS Yearly Shares OutstandingASRNL.AS Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M
ASRNL.AS Yearly Total Debt VS Total AssetsASRNL.AS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50B 100B 150B

2.2 Solvency

  • ASRNL has a debt to FCF ratio of 179.66. This is a negative value and a sign of low solvency as ASRNL would need 179.66 years to pay back of all of its debts.
  • ASRNL's Debt to FCF ratio of 179.66 is on the low side compared to the rest of the industry. ASRNL is outperformed by 78.26% of its industry peers.
  • ASRNL has a Debt/Equity ratio of 0.97. This is a neutral value indicating ASRNL is somewhat dependend on debt financing.
  • ASRNL has a Debt to Equity ratio of 0.97. This is in the lower half of the industry: ASRNL underperforms 73.91% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.97
Debt/FCF 179.66
Altman-Z N/A
ROIC/WACC0.24
WACC15.43%
ASRNL.AS Yearly LT Debt VS Equity VS FCFASRNL.AS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B 4B 6B 8B 10B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
ASRNL.AS Yearly Current Assets VS Current LiabilitesASRNL.AS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B

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

5

3. Growth

3.1 Past

  • The earnings per share for ASRNL have decreased strongly by -45.70% in the last year.
  • ASRNL shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -9.46% yearly.
  • ASRNL shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 13.43%.
  • The Revenue has been growing by 18.47% on average over the past years. This is quite good.
EPS 1Y (TTM)-45.7%
EPS 3YN/A
EPS 5Y-9.46%
EPS Q2Q%-60.87%
Revenue 1Y (TTM)13.43%
Revenue growth 3Y63.32%
Revenue growth 5Y18.47%
Sales Q2Q%9.84%

3.2 Future

  • Based on estimates for the next years, ASRNL will show a small growth in Earnings Per Share. The EPS will grow by 6.45% on average per year.
  • ASRNL is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 18.14% yearly.
EPS Next Y25.33%
EPS Next 2Y14.77%
EPS Next 3Y9.93%
EPS Next 5Y6.45%
Revenue Next Year3.26%
Revenue Next 2Y18.14%
Revenue Next 3YN/A
Revenue Next 5YN/A

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 stable: in the next years the growth will be about the same than in the last years.
ASRNL.AS Yearly Revenue VS EstimatesASRNL.AS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 5B 10B 15B
ASRNL.AS Yearly EPS VS EstimatesASRNL.AS Yearly EPS VS EstimatesYearly EPS VS Estimates 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2 4 6

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Find the best growth stocksShow best growing peers

3

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 26.60, the valuation of ASRNL can be described as expensive.
  • Based on the Price/Earnings ratio, ASRNL is valued more expensive than 80.43% of the companies in the same industry.
  • When comparing the Price/Earnings ratio of ASRNL to the average of the S&P500 Index (27.07), we can say ASRNL is valued inline with the index average.
  • A Price/Forward Earnings ratio of 10.33 indicates a reasonable valuation of ASRNL.
  • Based on the Price/Forward Earnings ratio, ASRNL is valued a bit cheaper than 65.22% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 28.05. ASRNL is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 26.6
Fwd PE 10.33
ASRNL.AS Price Earnings VS Forward Price EarningsASRNL.AS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • 78.26% of the companies in the same industry are cheaper than ASRNL, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 242.41
EV/EBITDA N/A
ASRNL.AS Per share dataASRNL.AS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60

4.3 Compensation for Growth

  • ASRNL's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.05
PEG (5Y)N/A
EPS Next 2Y14.77%
EPS Next 3Y9.93%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. Dividend

5.1 Amount

  • ASRNL has a Yearly Dividend Yield of 5.47%, which is a nice return.
  • ASRNL's Dividend Yield is a higher than the industry average which is at 4.03.
  • Compared to an average S&P500 Dividend Yield of 1.82, ASRNL pays a better dividend.
Industry RankSector Rank
Dividend Yield 5.47%

5.2 History

  • On average, the dividend of ASRNL grows each year by 18.44%, which is quite nice.
Dividend Growth(5Y)18.44%
Div Incr Years3
Div Non Decr Years3
ASRNL.AS Yearly Dividends per shareASRNL.AS Yearly Dividends per shareYearly Dividends per share 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3

5.3 Sustainability

  • ASRNL pays out 60.02% of its income as dividend. This is not a sustainable payout ratio.
  • The dividend of ASRNL is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP60.02%
EPS Next 2Y14.77%
EPS Next 3Y9.93%
ASRNL.AS Yearly Income VS Free CF VS DividendASRNL.AS Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B -1B 2B 3B
ASRNL.AS Dividend Payout.ASRNL.AS Dividend Payout, showing the Payout Ratio.ASRNL.AS Dividend Payout.PayoutRetained Earnings

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ASR NEDERLAND NV

AMS:ASRNL (2/27/2026, 7:00:00 PM)

61.44

-0.9 (-1.44%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)02-18
Earnings (Next)N/A
Inst Owners77.16%
Inst Owner ChangeN/A
Ins Owners0.02%
Ins Owner ChangeN/A
Market Cap12.85B
Revenue(TTM)17.28B
Net Income(TTM)1.09B
Analysts79.09
Price Target68.43 (11.38%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.47%
Yearly Dividend2.99
Dividend Growth(5Y)18.44%
DP60.02%
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)3.8%
PT rev (3m)5.54%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0.29%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)1.65%
Revenue NY rev (3m)1.65%
Valuation
Industry RankSector Rank
PE 26.6
Fwd PE 10.33
P/S 0.78
P/FCF 242.41
P/OCF 173.62
P/B 1.3
P/tB 1.39
EV/EBITDA N/A
EPS(TTM)2.31
EY3.76%
EPS(NY)5.95
Fwd EY9.68%
FCF(TTM)0.25
FCFY0.41%
OCF(TTM)0.35
OCFY0.58%
SpS78.76
BVpS47.16
TBVpS44.31
PEG (NY)1.05
PEG (5Y)N/A
Graham Number49.51
Profitability
Industry RankSector Rank
ROA 0.77%
ROE 11.03%
ROCE 4.88%
ROIC 3.66%
ROICexc 3.75%
ROICexgc 4.37%
OM 40.49%
PM (TTM) 6.61%
GM N/A
FCFM 0.32%
ROA(3y)0.56%
ROA(5y)0%
ROE(3y)8.3%
ROE(5y)1.7%
ROIC(3y)2.65%
ROIC(5y)N/A
ROICexc(3y)2.73%
ROICexc(5y)N/A
ROICexgc(3y)3.18%
ROICexgc(5y)N/A
ROCE(3y)3.55%
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5Y24.71%
ROICexc growth 3YN/A
ROICexc growth 5Y24.35%
OM growth 3YN/A
OM growth 5Y20.02%
PM growth 3YN/A
PM growth 5Y-19.65%
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.12
Health
Industry RankSector Rank
Debt/Equity 0.97
Debt/FCF 179.66
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales 0.13%
Interest Coverage 1.86
Cash Conversion N/A
Profit Quality 4.87%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score6
WACC15.43%
ROIC/WACC0.24
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)-45.7%
EPS 3YN/A
EPS 5Y-9.46%
EPS Q2Q%-60.87%
EPS Next Y25.33%
EPS Next 2Y14.77%
EPS Next 3Y9.93%
EPS Next 5Y6.45%
Revenue 1Y (TTM)13.43%
Revenue growth 3Y63.32%
Revenue growth 5Y18.47%
Sales Q2Q%9.84%
Revenue Next Year3.26%
Revenue Next 2Y18.14%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y45.99%
EBIT growth 3YN/A
EBIT growth 5Y42.18%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-85.9%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-82.63%
OCF growth 3YN/A
OCF growth 5YN/A

ASR NEDERLAND NV / ASRNL.AS FAQ

What is the ChartMill fundamental rating of ASR NEDERLAND NV (ASRNL.AS) stock?

ChartMill assigns a fundamental rating of 3 / 10 to ASRNL.AS.


Can you provide the valuation status for ASR NEDERLAND NV?

ChartMill assigns a valuation rating of 3 / 10 to ASR NEDERLAND NV (ASRNL.AS). This can be considered as Overvalued.


Can you provide the profitability details for ASR NEDERLAND NV?

ASR NEDERLAND NV (ASRNL.AS) has a profitability rating of 4 / 10.


What are the PE and PB ratios of ASR NEDERLAND NV (ASRNL.AS) stock?

The Price/Earnings (PE) ratio for ASR NEDERLAND NV (ASRNL.AS) is 26.6 and the Price/Book (PB) ratio is 1.3.


What is the expected EPS growth for ASR NEDERLAND NV (ASRNL.AS) stock?

The Earnings per Share (EPS) of ASR NEDERLAND NV (ASRNL.AS) is expected to grow by 25.33% in the next year.