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ING GROEP NV (INGA.AS) Stock Fundamental Analysis

AMS:INGA - Euronext Amsterdam - NL0011821202 - Common Stock - Currency: EUR

16.876  +0.23 (+1.41%)

Fundamental Rating

3

INGA gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 95 industry peers in the Banks industry. INGA has a bad profitability rating. Also its financial health evaluation is rather negative. INGA has a valuation in line with the averages, but on the other hand it scores bad on growth. INGA also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

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3

1. Profitability

1.1 Basic Checks

In the past year INGA was profitable.
In the past year INGA has reported a negative cash flow from operations.
INGA had positive earnings in each of the past 5 years.
INGA had negative operating cash flow in 4 of the past 5 years.
INGA.AS Yearly Net Income VS EBIT VS OCF VS FCFINGA.AS Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20B -20B 40B 60B 80B 100B

1.2 Ratios

INGA has a better Return On Assets (0.97%) than 65.26% of its industry peers.
INGA's Return On Equity of 19.58% is amongst the best of the industry. INGA outperforms 91.58% of its industry peers.
Industry RankSector Rank
ROA 0.97%
ROE 19.58%
ROIC N/A
ROA(3y)0.58%
ROA(5y)0.5%
ROE(3y)11.43%
ROE(5y)9.54%
ROIC(3y)N/A
ROIC(5y)N/A
INGA.AS Yearly ROA, ROE, ROICINGA.AS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10

1.3 Margins

With a decent Profit Margin value of 27.59%, INGA is doing good in the industry, outperforming 74.74% of the companies in the same industry.
INGA's Profit Margin has improved in the last couple of years.
The Operating Margin and Gross Margin are not available for INGA so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) 27.59%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y3.36%
PM growth 5Y1.88%
GM growth 3YN/A
GM growth 5YN/A
INGA.AS Yearly Profit, Operating, Gross MarginsINGA.AS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30

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1

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.
INGA.AS Yearly Shares OutstandingINGA.AS Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B
INGA.AS Yearly Total Debt VS Total AssetsINGA.AS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200B 400B 600B 800B 1T

2.2 Solvency

INGA has a Debt/Equity ratio of 2.08. This is a high value indicating a heavy dependency on external financing.
INGA has a Debt to Equity ratio of 2.08. This is comparable to the rest of the industry: INGA outperforms 49.47% of its industry peers.
Industry RankSector Rank
Debt/Equity 2.08
Debt/FCF N/A
Altman-Z N/A
ROIC/WACCN/A
WACC16.92%
INGA.AS Yearly LT Debt VS Equity VS FCFINGA.AS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20B -20B 40B 60B 80B 100B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
INGA.AS Yearly Current Assets VS Current LiabilitesINGA.AS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10B 20B 30B 40B 50B

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2

3. Growth

3.1 Past

The earnings per share for INGA have decreased by -2.44% in the last year.
The Earnings Per Share has been growing by 10.03% on average over the past years. This is quite good.
INGA shows a small growth in Revenue. In the last year, the Revenue has grown by 0.58%.
INGA shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.03% yearly.
EPS 1Y (TTM)-2.44%
EPS 3Y17.91%
EPS 5Y10.03%
EPS Q2Q%-13.33%
Revenue 1Y (TTM)0.58%
Revenue growth 3Y6.62%
Revenue growth 5Y4.03%
Sales Q2Q%-0.02%

3.2 Future

Based on estimates for the next years, INGA will show a decrease in Earnings Per Share. The EPS will decrease by -0.18% on average per year.
INGA is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -0.65% yearly.
EPS Next Y-1.22%
EPS Next 2Y6.95%
EPS Next 3Y9.11%
EPS Next 5Y-0.18%
Revenue Next Year-1.27%
Revenue Next 2Y1.88%
Revenue Next 3Y2.89%
Revenue Next 5Y-0.65%

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
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.
INGA.AS Yearly Revenue VS EstimatesINGA.AS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 5B 10B 15B 20B 25B
INGA.AS Yearly EPS VS EstimatesINGA.AS Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0.5 1 1.5 2 2.5

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4

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 8.44, the valuation of INGA can be described as reasonable.
INGA's Price/Earnings is on the same level as the industry average.
When comparing the Price/Earnings ratio of INGA to the average of the S&P500 Index (28.79), we can say INGA is valued rather cheaply.
A Price/Forward Earnings ratio of 8.54 indicates a reasonable valuation of INGA.
61.05% of the companies in the same industry are more expensive than INGA, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.38, INGA is valued rather cheaply.
Industry RankSector Rank
PE 8.44
Fwd PE 8.54
INGA.AS Price Earnings VS Forward Price EarningsINGA.AS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
INGA.AS Per share dataINGA.AS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 -5 10 15

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)0.84
EPS Next 2Y6.95%
EPS Next 3Y9.11%

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7

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 6.37%, INGA is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 5.50, INGA pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.47, INGA pays a better dividend.
Industry RankSector Rank
Dividend Yield 6.37%

5.2 History

On average, the dividend of INGA grows each year by 12.43%, which is quite nice.
Dividend Growth(5Y)12.43%
Div Incr Years4
Div Non Decr Years4
INGA.AS Yearly Dividends per shareINGA.AS Yearly Dividends per shareYearly Dividends per share 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6 0.8 1

5.3 Sustainability

39.38% of the earnings are spent on dividend by INGA. This is a low number and sustainable payout ratio.
DP39.38%
EPS Next 2Y6.95%
EPS Next 3Y9.11%
INGA.AS Yearly Income VS Free CF VS DividendINGA.AS Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20B -20B 40B 60B 80B 100B
INGA.AS Dividend Payout.INGA.AS Dividend Payout, showing the Payout Ratio.INGA.AS Dividend Payout.PayoutRetained Earnings

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ING GROEP NV

AMS:INGA (4/25/2025, 7:00:00 PM)

16.876

+0.23 (+1.41%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)02-06 2025-02-06/bmo
Earnings (Next)05-02 2025-05-02/bmo
Inst Owners49.1%
Inst Owner ChangeN/A
Ins Owners0%
Ins Owner ChangeN/A
Market Cap51.09B
Analysts74.62
Price Target19.61 (16.2%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 6.37%
Yearly Dividend1.2
Dividend Growth(5Y)12.43%
DP39.38%
Div Incr Years4
Div Non Decr Years4
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)2.53%
Min EPS beat(2)-4.62%
Max EPS beat(2)9.69%
EPS beat(4)3
Avg EPS beat(4)5.02%
Min EPS beat(4)-4.62%
Max EPS beat(4)9.69%
EPS beat(8)7
Avg EPS beat(8)10.18%
EPS beat(12)9
Avg EPS beat(12)7.96%
EPS beat(16)12
Avg EPS beat(16)9%
Revenue beat(2)1
Avg Revenue beat(2)-0.62%
Min Revenue beat(2)-2.65%
Max Revenue beat(2)1.41%
Revenue beat(4)3
Avg Revenue beat(4)0.27%
Min Revenue beat(4)-2.65%
Max Revenue beat(4)2%
Revenue beat(8)5
Avg Revenue beat(8)0.16%
Revenue beat(12)7
Avg Revenue beat(12)18.1%
Revenue beat(16)11
Avg Revenue beat(16)28.85%
PT rev (1m)5.44%
PT rev (3m)6.65%
EPS NQ rev (1m)3.86%
EPS NQ rev (3m)4.1%
EPS NY rev (1m)-1.17%
EPS NY rev (3m)-5.76%
Revenue NQ rev (1m)0.62%
Revenue NQ rev (3m)0.65%
Revenue NY rev (1m)-0.35%
Revenue NY rev (3m)-0.44%
Valuation
Industry RankSector Rank
PE 8.44
Fwd PE 8.54
P/S 1.43
P/FCF N/A
P/OCF N/A
P/B 1.02
P/tB 1.04
EV/EBITDA N/A
EPS(TTM)2
EY11.85%
EPS(NY)1.98
Fwd EY11.71%
FCF(TTM)-7.56
FCFYN/A
OCF(TTM)-7.45
OCFYN/A
SpS11.79
BVpS16.62
TBVpS16.18
PEG (NY)N/A
PEG (5Y)0.84
Profitability
Industry RankSector Rank
ROA 0.97%
ROE 19.58%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 27.59%
GM N/A
FCFM N/A
ROA(3y)0.58%
ROA(5y)0.5%
ROE(3y)11.43%
ROE(5y)9.54%
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
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y3.36%
PM growth 5Y1.88%
GM growth 3YN/A
GM growth 5YN/A
F-Score2
Asset Turnover0.03
Health
Industry RankSector Rank
Debt/Equity 2.08
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 49.33%
Cap/Sales 0.93%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score2
WACC16.92%
ROIC/WACCN/A
Cap/Depr(3y)39.44%
Cap/Depr(5y)35%
Cap/Sales(3y)1.18%
Cap/Sales(5y)1.19%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-2.44%
EPS 3Y17.91%
EPS 5Y10.03%
EPS Q2Q%-13.33%
EPS Next Y-1.22%
EPS Next 2Y6.95%
EPS Next 3Y9.11%
EPS Next 5Y-0.18%
Revenue 1Y (TTM)0.58%
Revenue growth 3Y6.62%
Revenue growth 5Y4.03%
Sales Q2Q%-0.02%
Revenue Next Year-1.27%
Revenue Next 2Y1.88%
Revenue Next 3Y2.89%
Revenue Next 5Y-0.65%
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-97.45%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-98.8%
OCF growth 3YN/A
OCF growth 5YN/A