ING GROEP NV (INGA.AS)
NL0011821202 - Common Stock
We assign a fundamental rating of 3 out of 10 to INGA. INGA was compared to 89 industry peers in the Banks industry. INGA has a medium profitability rating, but doesn't score so well on its financial health evaluation. INGA has a valuation in line with the averages, but it does not seem to be growing. INGA also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year INGA was profitable.
INGA had a negative operating cash flow in the past year.
In the past 5 years INGA has always been profitable.
In multiple years INGA reported negative operating cash flow during the last 5 years.
1.2 Ratios
The Return On Assets of INGA (1.00%) is better than 67.86% of its industry peers.
With an excellent Return On Equity value of 20.86%, INGA belongs to the best of the industry, outperforming 92.86% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1% | ||
| ROE | 20.86% | ||
| ROIC | N/A |
ROA(3y)0.54%
ROA(5y)0.49%
ROE(3y)10.15%
ROE(5y)8.78%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
INGA has a Profit Margin of 29.46%. This is in the better half of the industry: INGA outperforms 72.62% of its industry peers.
INGA's Profit Margin has improved in the last couple of years.
INGA does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 29.46% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y32.57%
PM growth 5Y4.76%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
INGA does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for INGA has been reduced compared to 1 year ago.
Compared to 5 years ago, INGA has less shares outstanding
Compared to 1 year ago, INGA has a worse debt to assets ratio.
2.2 Solvency
A Debt/Equity ratio of 3.13 is on the high side and indicates that INGA has dependencies on debt financing.
INGA's Debt to Equity ratio of 3.13 is on the low side compared to the rest of the industry. INGA is outperformed by 78.57% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.13 | ||
| Debt/FCF | N/A | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC15.4%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
INGA shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 26.64%, which is quite impressive.
INGA shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 8.08% yearly.
The Revenue has grown by 10.76% in the past year. This is quite good.
The Revenue has been growing slightly by 4.19% on average over the past years.
EPS 1Y (TTM)26.64%
EPS 3Y48.19%
EPS 5Y8.08%
EPS Q2Q%-10%
Revenue 1Y (TTM)10.76%
Revenue growth 3Y7.97%
Revenue growth 5Y4.19%
Sales Q2Q%-0.75%
3.2 Future
INGA is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -0.49% yearly.
INGA is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -0.97% yearly.
EPS Next Y-1.28%
EPS Next 2Y2.23%
EPS Next 3Y5.22%
EPS Next 5Y-0.49%
Revenue Next Year-1.45%
Revenue Next 2Y-0.04%
Revenue Next 3Y1.05%
Revenue Next 5Y-0.97%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less 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.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 7.87, which indicates a rather cheap valuation of INGA.
The rest of the industry has a similar Price/Earnings ratio as INGA.
When comparing the Price/Earnings ratio of INGA to the average of the S&P500 Index (29.62), we can say INGA is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 7.45, the valuation of INGA can be described as very cheap.
Compared to the rest of the industry, the Price/Forward Earnings ratio of INGA is on the same level as its industry peers.
INGA is valuated cheaply when we compare the Price/Forward Earnings ratio to 21.22, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.87 | ||
| Fwd PE | 7.45 |
4.2 Price Multiples
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)0.97
EPS Next 2Y2.23%
EPS Next 3Y5.22%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 6.78%, INGA is a good candidate for dividend investing.
INGA's Dividend Yield is a higher than the industry average which is at 5.65.
Compared to an average S&P500 Dividend Yield of 2.26, INGA pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.78% |
5.2 History
The dividend of INGA has a limited annual growth rate of 5.21%.
Dividend Growth(5Y)5.21%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
INGA pays out 35.91% of its income as dividend. This is a sustainable payout ratio.
DP35.91%
EPS Next 2Y2.23%
EPS Next 3Y5.22%
ING GROEP NV
AMS:INGA (9/6/2024, 7:00:00 PM)
15.966
-0.17 (-1.04%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap51.67B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.78% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.87 | ||
| Fwd PE | 7.45 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)0.97
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1% | ||
| ROE | 20.86% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | N/A | ||
| PM (TTM) | 29.46% | ||
| GM | N/A | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.03
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.13 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)26.64%
EPS 3Y48.19%
EPS 5Y
EPS Q2Q%
EPS Next Y-1.28%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)10.76%
Revenue growth 3Y7.97%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y