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ASR NEDERLAND NV (ASRNL.AS) Stock Fundamental Analysis

Europe - Euronext Amsterdam - AMS:ASRNL - NL0011872643 - Common Stock

60.24 EUR
-0.38 (-0.63%)
Last: 1/21/2026, 7:00:00 PM
Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to ASRNL. ASRNL was compared to 48 industry peers in the Insurance industry. ASRNL may be in some trouble as it scores bad on both profitability and health. 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.
  • Of the past 5 years ASRNL 4 years were profitable.
  • 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

  • Looking at the Return On Assets, with a value of 0.76%, ASRNL is doing worse than 68.75% of the companies in the same industry.
  • ASRNL has a Return On Equity of 10.90%. This is in the lower half of the industry: ASRNL underperforms 79.17% of its industry peers.
  • ASRNL has a Return On Invested Capital of 3.59%. This is amongst the best in the industry. ASRNL outperforms 83.33% 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 70.83% of its industry peers.
  • In the last couple of years the Profit Margin of ASRNL has declined.
  • ASRNL's Operating Margin of 40.37% is amongst the best of the industry. ASRNL outperforms 95.83% of its industry peers.
  • In the last couple of years the Operating Margin of ASRNL has remained more or less at the same level.
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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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 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

  • 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 83.33% of its industry peers.
  • A Debt/Equity ratio of 0.97 indicates that ASRNL is somewhat dependend on debt financing.
  • ASRNL's Debt to Equity ratio of 0.97 is on the low side compared to the rest of the industry. ASRNL is outperformed by 75.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.97
Debt/FCF 179.66
Altman-Z N/A
ROIC/WACC0.23
WACC15.36%
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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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

  • ASRNL is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 10.62% yearly.
  • The Revenue is expected to grow by 1.90% on average over the next years.
EPS Next Y20.76%
EPS Next 2Y22.95%
EPS Next 3Y16.81%
EPS Next 5Y10.62%
Revenue Next Year-22.19%
Revenue Next 2Y-10.51%
Revenue Next 3Y1.9%
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 decreasing.
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 2 4 6

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5

4. Valuation

4.1 Price/Earnings Ratio

  • ASRNL is valuated correctly with a Price/Earnings ratio of 13.94.
  • The rest of the industry has a similar Price/Earnings ratio as ASRNL.
  • When comparing the Price/Earnings ratio of ASRNL to the average of the S&P500 Index (27.32), we can say ASRNL is valued slightly cheaper.
  • ASRNL is valuated reasonably with a Price/Forward Earnings ratio of 10.19.
  • Based on the Price/Forward Earnings ratio, ASRNL is valued a bit cheaper than 64.58% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 24.30, ASRNL is valued rather cheaply.
Industry RankSector Rank
PE 13.94
Fwd PE 10.19
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 Enterprise Value to EBITDA ratio of ASRNL indicates a rather cheap valuation: ASRNL is cheaper than 100.00% of the companies listed in the same industry.
  • ASRNL's Price/Free Cash Flow ratio is rather expensive when compared to the industry. ASRNL is more expensive than 83.33% of the companies in the same industry.
Industry RankSector Rank
P/FCF 237.68
EV/EBITDA 2.12
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 low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • ASRNL's earnings are expected to grow with 16.81% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.67
PEG (5Y)N/A
EPS Next 2Y22.95%
EPS Next 3Y16.81%

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6

5. Dividend

5.1 Amount

  • ASRNL has a Yearly Dividend Yield of 5.26%, which is a nice return.
  • Compared to an average industry Dividend Yield of 4.19, ASRNL pays a bit more dividend than its industry peers.
  • ASRNL's Dividend Yield is rather good when compared to the S&P500 average which is at 1.86.
Industry RankSector Rank
Dividend Yield 5.26%

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 1 2 3

5.3 Sustainability

  • 60.74% 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.
DP60.74%
EPS Next 2Y22.95%
EPS Next 3Y16.81%
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 (1/21/2026, 7:00:00 PM)

60.24

-0.38 (-0.63%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)08-20
Earnings (Next)02-17
Inst Owners77.16%
Inst Owner ChangeN/A
Ins Owners0.02%
Ins Owner ChangeN/A
Market Cap12.60B
Revenue(TTM)16.48B
Net Income(TTM)1.07B
Analysts79.05
Price Target65.93 (9.45%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.26%
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)0.67%
PT rev (3m)3.86%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0.69%
EPS NY rev (3m)2.28%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 13.94
Fwd PE 10.19
P/S 0.76
P/FCF 237.68
P/OCF 170.23
P/B 1.28
P/tB 1.36
EV/EBITDA 2.12
EPS(TTM)4.32
EY7.17%
EPS(NY)5.91
Fwd EY9.82%
FCF(TTM)0.25
FCFY0.42%
OCF(TTM)0.35
OCFY0.59%
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
WACC15.36%
ROIC/WACC0.23
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 Y20.76%
EPS Next 2Y22.95%
EPS Next 3Y16.81%
EPS Next 5Y10.62%
Revenue 1Y (TTM)12.18%
Revenue growth 3Y6.3%
Revenue growth 5Y7.88%
Sales Q2Q%17.62%
Revenue Next Year-22.19%
Revenue Next 2Y-10.51%
Revenue Next 3Y1.9%
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 13.94 and the Price/Book (PB) ratio is 1.28.


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 20.76% in the next year.