ASR NEDERLAND NV (ASRNL.AS) Stock Fundamental Analysis

AMS:ASRNL • NL0011872643

61.76 EUR
-0.62 (-0.99%)
Last: Feb 24, 2026, 05:36 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

3

Overall ASRNL gets a fundamental rating of 3 out of 10. We evaluated ASRNL against 46 industry peers in the Insurance industry. ASRNL has a bad profitability rating. Also its financial health evaluation is rather negative. ASRNL has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

3

1. Profitability

1.1 Basic Checks

  • In the past year ASRNL was profitable.
  • In the past year ASRNL had a positive cash flow from operations.
  • ASRNL had positive earnings in 4 of the past 5 years.
  • In multiple years ASRNL reported negative operating cash flow during the last 5 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 0 1B -1B 2B 3B

1.2 Ratios

  • ASRNL has a Return On Assets of 0.76%. This is in the lower half of the industry: ASRNL underperforms 67.39% of its industry peers.
  • The Return On Equity of ASRNL (10.90%) is worse than 73.91% of its industry peers.
  • ASRNL's Return On Invested Capital of 3.59% is amongst the best of the industry. ASRNL outperforms 82.61% of its industry peers.
Industry RankSector Rank
ROA 0.76%
ROE 10.9%
ROIC 3.59%
ROA(3y)-0.5%
ROA(5y)0.09%
ROE(3y)-2.82%
ROE(5y)2.67%
ROIC(3y)N/A
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 0 10 -10 -20

1.3 Margins

  • ASRNL has a worse Profit Margin (6.52%) than 67.39% of its industry peers.
  • ASRNL's Profit Margin has declined in the last couple of years.
  • ASRNL has a Operating Margin of 40.37%. This is amongst the best in the industry. ASRNL outperforms 97.83% of its industry peers.
  • ASRNL's Operating Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 40.37%
PM (TTM) 6.52%
GM N/A
OM growth 3Y3.92%
OM growth 5Y-0.14%
PM growth 3Y-6.35%
PM growth 5Y-7.93%
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 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
  • The number of shares outstanding for ASRNL has been increased compared to 5 years ago.
  • 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 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 50B 100B 150B

2.2 Solvency

  • The Debt to FCF ratio of ASRNL is 179.66, which is on the high side as it means it would take ASRNL, 179.66 years of fcf income to pay off all of its debts.
  • With a Debt to FCF ratio value of 179.66, ASRNL is not doing good in the industry: 82.61% of the companies in the same industry are doing better.
  • A Debt/Equity ratio of 0.97 indicates that ASRNL is somewhat dependend on debt financing.
  • The Debt to Equity ratio of ASRNL (0.97) is worse than 73.91% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.97
Debt/FCF 179.66
Altman-Z N/A
ROIC/WACC0.24
WACC15.19%
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 0 2B 4B 6B 8B

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 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 has grown by an impressive 68.75% over the past year.
  • Measured over the past years, ASRNL shows a decrease in Earnings Per Share. The EPS has been decreasing by -8.32% on average per year.
  • Looking at the last year, ASRNL shows a quite strong growth in Revenue. The Revenue has grown by 12.18% in the last year.
  • ASRNL shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.88% yearly.
EPS 1Y (TTM)68.75%
EPS 3Y-12.51%
EPS 5Y-8.32%
EPS Q2Q%214.29%
Revenue 1Y (TTM)12.18%
Revenue growth 3Y6.3%
Revenue growth 5Y7.88%
Sales Q2Q%17.62%

3.2 Future

  • Based on estimates for the next years, ASRNL will show a quite strong growth in Earnings Per Share. The EPS will grow by 11.02% on average per year.
  • The Revenue is expected to grow by 3.23% on average over the next years.
EPS Next Y21.34%
EPS Next 2Y23.32%
EPS Next 3Y16.92%
EPS Next 5Y11.02%
Revenue Next Year-21.17%
Revenue Next 2Y-9.78%
Revenue Next 3Y3.23%
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 decreasing: in the next years the growth will be less 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 2B 4B 6B 8B 10B
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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5

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 14.30 indicates a correct valuation of ASRNL.
  • ASRNL's Price/Earnings ratio is in line with the industry average.
  • Compared to an average S&P500 Price/Earnings ratio of 26.64, ASRNL is valued a bit cheaper.
  • Based on the Price/Forward Earnings ratio of 10.38, the valuation of ASRNL can be described as reasonable.
  • ASRNL's Price/Forward Earnings is on the same level as the industry average.
  • The average S&P500 Price/Forward Earnings ratio is at 27.75. ASRNL is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 14.3
Fwd PE 10.38
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

  • Based on the Enterprise Value to EBITDA ratio, ASRNL is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of ASRNL indicates a rather expensive valuation: ASRNL more expensive than 82.61% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 243.67
EV/EBITDA 2.18
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

  • The 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 ASRNL's earnings are expected to grow with 16.92% in the coming years.
PEG (NY)0.67
PEG (5Y)N/A
EPS Next 2Y23.32%
EPS Next 3Y16.92%

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

6

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 5.53%, ASRNL is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 4.18, ASRNL pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.80, ASRNL pays a better dividend.
Industry RankSector Rank
Dividend Yield 5.53%

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 60.74% of its income as dividend. This is not a sustainable payout ratio.
  • ASRNL's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP60.74%
EPS Next 2Y23.32%
EPS Next 3Y16.92%
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 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 (2/24/2026, 5:36:15 PM)

61.76

-0.62 (-0.99%)

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 Cap12.91B
Revenue(TTM)16.48B
Net Income(TTM)1.07B
Analysts79.09
Price Target66.98 (8.45%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.53%
Yearly Dividend2.99
Dividend Growth(5Y)18.44%
DP60.74%
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)1.59%
PT rev (3m)3.31%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)2.72%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)1.32%
Revenue NY rev (3m)1.32%
Valuation
Industry RankSector Rank
PE 14.3
Fwd PE 10.38
P/S 0.78
P/FCF 243.67
P/OCF 174.52
P/B 1.31
P/tB 1.39
EV/EBITDA 2.18
EPS(TTM)4.32
EY6.99%
EPS(NY)5.95
Fwd EY9.63%
FCF(TTM)0.25
FCFY0.41%
OCF(TTM)0.35
OCFY0.57%
SpS78.82
BVpS47.16
TBVpS44.31
PEG (NY)0.67
PEG (5Y)N/A
Graham Number67.71
Profitability
Industry RankSector Rank
ROA 0.76%
ROE 10.9%
ROCE 4.87%
ROIC 3.59%
ROICexc 3.68%
ROICexgc 4.28%
OM 40.37%
PM (TTM) 6.52%
GM N/A
FCFM 0.32%
ROA(3y)-0.5%
ROA(5y)0.09%
ROE(3y)-2.82%
ROE(5y)2.67%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3Y-10.55%
ROICexgc growth 5Y-6.2%
ROICexc growth 3Y-10.91%
ROICexc growth 5Y-6.29%
OM growth 3Y3.92%
OM growth 5Y-0.14%
PM growth 3Y-6.35%
PM growth 5Y-7.93%
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 1.41
Cap/Depr 18.58%
Cap/Sales 0.13%
Interest Coverage 1.85
Cash Conversion 1.09%
Profit Quality 4.93%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score6
WACC15.19%
ROIC/WACC0.24
Cap/Depr(3y)150.16%
Cap/Depr(5y)245.19%
Cap/Sales(3y)1.79%
Cap/Sales(5y)1.92%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)68.75%
EPS 3Y-12.51%
EPS 5Y-8.32%
EPS Q2Q%214.29%
EPS Next Y21.34%
EPS Next 2Y23.32%
EPS Next 3Y16.92%
EPS Next 5Y11.02%
Revenue 1Y (TTM)12.18%
Revenue growth 3Y6.3%
Revenue growth 5Y7.88%
Sales Q2Q%17.62%
Revenue Next Year-21.17%
Revenue Next 2Y-9.78%
Revenue Next 3Y3.23%
Revenue Next 5YN/A
EBIT growth 1Y45.64%
EBIT growth 3Y10.47%
EBIT growth 5Y7.74%
EBIT Next Year113.82%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-48.04%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-57.47%
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 5 / 10 to ASR NEDERLAND NV (ASRNL.AS). This can be considered as Fairly Valued.


Can you provide the profitability details for ASR NEDERLAND NV?

ASR NEDERLAND NV (ASRNL.AS) has a profitability rating of 3 / 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 14.3 and the Price/Book (PB) ratio is 1.31.


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 21.34% in the next year.