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

Overall ASRNL gets a fundamental rating of 3 out of 10. We evaluated ASRNL against 46 industry peers in the Insurance industry. There are concerns on the financial health of ASRNL while its profitability can be described as average. While showing a medium growth rate, ASRNL is valued expensive at the moment.


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

  • With a Return On Assets value of 0.77%, ASRNL is not doing good in the industry: 69.57% of the companies in the same industry are doing better.
  • ASRNL's Return On Equity of 11.03% is on the low side compared to the rest of the industry. ASRNL is outperformed by 76.09% of its industry peers.
  • ASRNL has a Return On Invested Capital of 3.66%. This is in the better half of the industry: ASRNL outperforms 78.26% 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 last Return On Invested Capital (3.66%) for ASRNL is above the 3 year average (2.65%), which is a sign of increasing profitability.
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

  • ASRNL has a Profit Margin of 6.61%. This is in the lower half of the industry: ASRNL underperforms 69.57% of its industry peers.
  • In the last couple of years the Profit Margin of ASRNL has declined.
  • 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

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so ASRNL is destroying value.
  • Compared to 1 year ago, ASRNL has less shares outstanding
  • Compared to 5 years ago, ASRNL has more shares outstanding
  • ASRNL has a better debt/assets ratio than last year.
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

  • 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.
  • ASRNL has a worse Debt to FCF ratio (179.66) than 80.43% of its industry peers.
  • A Debt/Equity ratio of 0.97 indicates that ASRNL is somewhat dependend on debt financing.
  • ASRNL has a worse Debt to Equity ratio (0.97) than 76.09% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.97
Debt/FCF 179.66
Altman-Z N/A
ROIC/WACC0.24
WACC15.27%
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

  • ASRNL shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -45.70%.
  • The Earnings Per Share has been decreasing by -9.46% on average over the past years.
  • The Revenue has grown by 13.43% in the past year. This is quite good.
  • Measured over the past years, ASRNL shows a quite strong growth in Revenue. The Revenue has been growing by 18.47% on average per year.
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

  • ASRNL is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 6.45% yearly.
  • The Revenue is expected to grow by 18.14% on average over the next years. This is quite good.
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.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
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

  • A Price/Earnings ratio of 26.60 indicates a quite expensive valuation of ASRNL.
  • Based on the Price/Earnings ratio, ASRNL is valued more expensive than 82.61% of the companies in the same industry.
  • The average S&P500 Price/Earnings ratio is at 27.07. ASRNL is around the same levels.
  • With a Price/Forward Earnings ratio of 10.33, the valuation of ASRNL can be described as very reasonable.
  • 63.04% of the companies in the same industry are more expensive than ASRNL, based on the Price/Forward Earnings ratio.
  • When comparing the Price/Forward Earnings ratio of ASRNL to the average of the S&P500 Index (28.05), we can say ASRNL is valued rather cheaply.
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

  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of ASRNL indicates a rather expensive valuation: ASRNL more expensive than 80.43% of the companies listed in the same industry.
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

  • The 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

  • With a Yearly Dividend Yield of 5.47%, ASRNL is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 4.03, ASRNL pays a bit more dividend than its industry peers.
  • 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

  • The dividend of ASRNL is nicely growing with an annual growth rate of 18.44%!
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

  • 60.02% of the earnings are spent on dividend by ASRNL. 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
WACC15.27%
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 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 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.