ING GROEP NV (INGA.AS)
NL0011821202 - Common Stock
INGA gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 89 industry peers in the Banks industry. There are concerns on the financial health of INGA while its profitability can be described as average. INGA has a correct valuation and a medium growth rate. INGA also has an excellent dividend rating.
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.
The reported operating cash flow has been mixed in the past 5 years: INGA reported negative operating cash flow in multiple years.
1.2 Ratios
INGA has a Return On Assets of 1.00%. This is in the better half of the industry: INGA outperforms 65.00% of its industry peers.
Looking at the Return On Equity, with a value of 20.86%, INGA belongs to the top of the industry, outperforming 93.75% 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
The Profit Margin of INGA (29.46%) is better than 75.00% 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
INGA has a Debt/Equity ratio of 3.13. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 3.13, INGA is doing worse than 76.25% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.13 | ||
| Debt/FCF | N/A | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC15.5%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 8.42% over the past year.
The Earnings Per Share has been growing by 8.08% on average over the past years. This is quite good.
Looking at the last year, INGA shows a small growth in Revenue. The Revenue has grown by 6.23% in the last year.
INGA shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.19% yearly.
EPS 1Y (TTM)8.42%
EPS 3Y48.19%
EPS 5Y8.08%
EPS Q2Q%5.36%
Revenue 1Y (TTM)6.23%
Revenue growth 3Y7.97%
Revenue growth 5Y4.19%
Sales Q2Q%1.15%
3.2 Future
Based on estimates for the next years, INGA will show a small growth in Earnings Per Share. The EPS will grow by 0.68% on average per year.
INGA is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 0.63% yearly.
EPS Next Y-1.27%
EPS Next 2Y1.12%
EPS Next 3Y5.06%
EPS Next 5Y0.68%
Revenue Next Year-1.16%
Revenue Next 2Y-0.24%
Revenue Next 3Y1.12%
Revenue Next 5Y0.63%
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
Based on the Price/Earnings ratio of 7.46, the valuation of INGA can be described as very cheap.
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 (27.40), we can say INGA is valued rather cheaply.
The Price/Forward Earnings ratio is 7.33, which indicates a rather cheap valuation of INGA.
Based on the Price/Forward Earnings ratio, INGA is valued a bit cheaper than 68.75% of the companies in the same industry.
INGA's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 23.67.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.46 | ||
| Fwd PE | 7.33 |
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)0.92
EPS Next 2Y1.12%
EPS Next 3Y5.06%
5. Dividend
5.1 Amount
INGA has a Yearly Dividend Yield of 7.28%, which is a nice return.
INGA's Dividend Yield is a higher than the industry average which is at 5.36.
Compared to an average S&P500 Dividend Yield of 2.33, INGA pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.28% |
5.2 History
The dividend of INGA has a limited annual growth rate of 5.21%.
Dividend Growth(5Y)5.21%
Div Incr Years4
Div Non Decr Years4
5.3 Sustainability
INGA pays out 35.91% of its income as dividend. This is a sustainable payout ratio.
The dividend of INGA is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP35.91%
EPS Next 2Y1.12%
EPS Next 3Y5.06%
ING GROEP NV
AMS:INGA (1/6/2025, 7:00:00 PM)
15.358
+0.19 (+1.28%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners47.19%
Inst Owner ChangeN/A
Ins Owners0%
Ins Owner ChangeN/A
Market Cap47.80B
Analysts73.57
Price Target18.39 (19.74%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.28% |
Dividend Growth(5Y)5.21%
DP35.91%
Div Incr Years4
Div Non Decr Years4
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)7.5%
Min EPS beat(2)5.92%
Max EPS beat(2)9.08%
EPS beat(4)4
Avg EPS beat(4)4.66%
Min EPS beat(4)0.27%
Max EPS beat(4)9.08%
EPS beat(8)6
Avg EPS beat(8)6.67%
EPS beat(12)9
Avg EPS beat(12)6.89%
EPS beat(16)12
Avg EPS beat(16)10.96%
Revenue beat(2)2
Avg Revenue beat(2)1.16%
Min Revenue beat(2)0.32%
Max Revenue beat(2)2%
Revenue beat(4)2
Avg Revenue beat(4)-0.58%
Min Revenue beat(4)-4.49%
Max Revenue beat(4)2%
Revenue beat(8)5
Avg Revenue beat(8)12.72%
Revenue beat(12)8
Avg Revenue beat(12)19.77%
Revenue beat(16)11
Avg Revenue beat(16)16.49%
PT rev (1m)-1.4%
PT rev (3m)-2.28%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0.56%
EPS NY rev (1m)0%
EPS NY rev (3m)0.01%
Revenue NQ rev (1m)0.57%
Revenue NQ rev (3m)1.39%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.34%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.46 | ||
| Fwd PE | 7.33 | ||
| P/S | 1.35 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 0.95 | ||
| P/tB | 0.98 | ||
| EV/EBITDA | N/A |
EPS(TTM)2.06
EY13.41%
EPS(NY)2.1
Fwd EY13.65%
FCF(TTM)-3.28
FCFYN/A
OCF(TTM)-3.18
OCFYN/A
SpS11.41
BVpS16.11
TBVpS15.71
PEG (NY)N/A
PEG (5Y)0.92
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1% | ||
| ROE | 20.86% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 29.46% | ||
| GM | N/A | ||
| FCFM | 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
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 3Y32.57%
PM growth 5Y4.76%
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover0.03
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.13 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 48.6% | ||
| 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-Score5
WACC15.5%
ROIC/WACCN/A
Cap/Depr(3y)30.35%
Cap/Depr(5y)34.13%
Cap/Sales(3y)1.03%
Cap/Sales(5y)1.3%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)8.42%
EPS 3Y48.19%
EPS 5Y8.08%
EPS Q2Q%5.36%
EPS Next Y-1.27%
EPS Next 2Y1.12%
EPS Next 3Y5.06%
EPS Next 5Y0.68%
Revenue 1Y (TTM)6.23%
Revenue growth 3Y7.97%
Revenue growth 5Y4.19%
Sales Q2Q%1.15%
Revenue Next Year-1.16%
Revenue Next 2Y-0.24%
Revenue Next 3Y1.12%
Revenue Next 5Y0.63%
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year-17.21%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-194.3%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-189.55%
OCF growth 3YN/A
OCF growth 5YN/A