NN GROUP NV (NN.AS) Fundamental Analysis & Valuation

AMS:NN • NL0010773842

Current stock price

65.62 EUR
-0.24 (-0.36%)
Last:

This NN.AS fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

2

1. NN.AS Profitability Analysis

1.1 Basic Checks

  • NN had positive earnings in the past year.
  • In the past year NN has reported a negative cash flow from operations.
  • In the past 5 years NN has always been profitable.
  • In the past 5 years NN reported 4 times negative operating cash flow.
NN.AS Yearly Net Income VS EBIT VS OCF VS FCFNN.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 5B -5B

1.2 Ratios

  • Looking at the Return On Assets, with a value of 0.54%, NN is doing worse than 76.19% of the companies in the same industry.
  • NN has a worse Return On Equity (5.25%) than 85.71% of its industry peers.
  • With a Return On Invested Capital value of 0.39%, NN is not doing good in the industry: 61.90% of the companies in the same industry are doing better.
  • NN had an Average Return On Invested Capital over the past 3 years of 0.43%. This is below the industry average of 2.85%.
Industry RankSector Rank
ROA 0.54%
ROE 5.25%
ROIC 0.39%
ROA(3y)0.6%
ROA(5y)0.77%
ROE(3y)5.87%
ROE(5y)6.88%
ROIC(3y)0.43%
ROIC(5y)0.44%
NN.AS Yearly ROA, ROE, ROICNN.AS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2 4 6 8

1.3 Margins

  • NN has a Profit Margin (8.58%) which is comparable to the rest of the industry.
  • In the last couple of years the Profit Margin of NN has remained more or less at the same level.
  • NN's Operating Margin of 7.58% is on the low side compared to the rest of the industry. NN is outperformed by 71.43% of its industry peers.
  • NN's Operating Margin has declined in the last couple of years.
Industry RankSector Rank
OM 7.58%
PM (TTM) 8.58%
GM N/A
OM growth 3Y77.28%
OM growth 5Y-12.52%
PM growth 3Y-15.64%
PM growth 5Y0.04%
GM growth 3YN/A
GM growth 5YN/A
NN.AS Yearly Profit, Operating, Gross MarginsNN.AS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10

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5

2. NN.AS Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so NN is destroying value.
  • Compared to 1 year ago, NN has less shares outstanding
  • Compared to 5 years ago, NN has less shares outstanding
  • NN has a worse debt/assets ratio than last year.
NN.AS Yearly Shares OutstandingNN.AS Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M
NN.AS Yearly Total Debt VS Total AssetsNN.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 200B 250B

2.2 Solvency

  • NN has an Altman-Z score of 0.14. This is a bad value and indicates that NN is not financially healthy and even has some risk of bankruptcy.
  • The Altman-Z score of NN (0.14) is better than 76.19% of its industry peers.
  • A Debt/Equity ratio of 0.65 indicates that NN is somewhat dependend on debt financing.
  • The Debt to Equity ratio of NN (0.65) is worse than 61.90% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.65
Debt/FCF N/A
Altman-Z 0.14
ROIC/WACC0.05
WACC8.29%
NN.AS Yearly LT Debt VS Equity VS FCFNN.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 10B 20B 30B

2.3 Liquidity

  • NN has a Current Ratio of 3.04. This indicates that NN is financially healthy and has no problem in meeting its short term obligations.
  • NN has a better Current ratio (3.04) than 90.48% of its industry peers.
  • A Quick Ratio of 3.04 indicates that NN has no problem at all paying its short term obligations.
  • NN's Quick ratio of 3.04 is amongst the best of the industry. NN outperforms 90.48% of its industry peers.
Industry RankSector Rank
Current Ratio 3.04
Quick Ratio 3.04
NN.AS Yearly Current Assets VS Current LiabilitesNN.AS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B 10B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. NN.AS Growth Analysis

3.1 Past

  • The earnings per share for NN have decreased strongly by -25.20% in the last year.
  • NN shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -6.58% yearly.
  • NN shows a small growth in Revenue. In the last year, the Revenue has grown by 4.24%.
  • The Revenue has been decreasing by -9.76% on average over the past years.
EPS 1Y (TTM)-25.2%
EPS 3Y-7.79%
EPS 5Y-6.58%
EPS Q2Q%-15.28%
Revenue 1Y (TTM)4.24%
Revenue growth 3Y5.34%
Revenue growth 5Y-9.76%
Sales Q2Q%2.17%

3.2 Future

  • NN is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 7.52% yearly.
  • The Revenue is expected to grow by 6.58% on average over the next years.
EPS Next Y35.03%
EPS Next 2Y19.47%
EPS Next 3Y10.18%
EPS Next 5Y7.52%
Revenue Next Year4.14%
Revenue Next 2Y4.06%
Revenue Next 3Y4.78%
Revenue Next 5Y6.58%

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 accelerating.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
NN.AS Yearly Revenue VS EstimatesNN.AS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 5B 10B 15B 20B
NN.AS Yearly EPS VS EstimatesNN.AS Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2 4 6 8

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5

4. NN.AS Valuation Analysis

4.1 Price/Earnings Ratio

  • NN is valuated correctly with a Price/Earnings ratio of 15.70.
  • NN's Price/Earnings ratio is a bit more expensive when compared to the industry. NN is more expensive than 69.05% of the companies in the same industry.
  • NN is valuated rather cheaply when we compare the Price/Earnings ratio to 25.54, which is the current average of the S&P500 Index.
  • A Price/Forward Earnings ratio of 7.76 indicates a rather cheap valuation of NN.
  • Based on the Price/Forward Earnings ratio, NN is valued cheaper than 83.33% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 22.70, NN is valued rather cheaply.
Industry RankSector Rank
PE 15.7
Fwd PE 7.76
NN.AS Price Earnings VS Forward Price EarningsNN.AS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, NN is valued a bit cheaper than 64.29% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 22.05
NN.AS Per share dataNN.AS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 40 60 80

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.45
PEG (5Y)N/A
EPS Next 2Y19.47%
EPS Next 3Y10.18%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. NN.AS Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 5.34%, NN is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 4.59, NN pays a bit more dividend than its industry peers.
  • NN's Dividend Yield is rather good when compared to the S&P500 average which is at 1.89.
Industry RankSector Rank
Dividend Yield 5.34%

5.2 History

  • The dividend of NN is nicely growing with an annual growth rate of 23.47%!
Dividend Growth(5Y)23.47%
Div Incr Years6
Div Non Decr Years6
NN.AS Yearly Dividends per shareNN.AS Yearly Dividends per shareYearly Dividends per share 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3

5.3 Sustainability

  • 84.90% of the earnings are spent on dividend by NN. This is not a sustainable payout ratio.
  • The dividend of NN is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP84.9%
EPS Next 2Y19.47%
EPS Next 3Y10.18%
NN.AS Yearly Income VS Free CF VS DividendNN.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 5B -5B
NN.AS Dividend Payout.NN.AS Dividend Payout, showing the Payout Ratio.NN.AS Dividend Payout.PayoutRetained Earnings

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NN.AS Fundamentals: All Metrics, Ratios and Statistics

NN GROUP NV

AMS:NN (3/24/2026, 5:36:15 PM)

65.62

-0.24 (-0.36%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)02-12
Earnings (Next)08-06
Inst Owners59.23%
Inst Owner ChangeN/A
Ins Owners0.01%
Ins Owner ChangeN/A
Market Cap17.26B
Revenue(TTM)12.90B
Net Income(TTM)1.11B
Analysts78.4
Price Target71.43 (8.85%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.34%
Yearly Dividend3.55
Dividend Growth(5Y)23.47%
DP84.9%
Div Incr Years6
Div Non Decr Years6
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)4.24%
PT rev (3m)7.21%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)4.73%
EPS NY rev (3m)5.1%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.83%
Revenue NY rev (3m)-0.83%
Valuation
Industry RankSector Rank
PE 15.7
Fwd PE 7.76
P/S 1.34
P/FCF N/A
P/OCF N/A
P/B 0.82
P/tB 0.87
EV/EBITDA 22.05
EPS(TTM)4.18
EY6.37%
EPS(NY)8.45
Fwd EY12.88%
FCF(TTM)-8.92
FCFYN/A
OCF(TTM)-8.92
OCFYN/A
SpS49.03
BVpS80.08
TBVpS75.56
PEG (NY)0.45
PEG (5Y)N/A
Graham Number86.79
Profitability
Industry RankSector Rank
ROA 0.54%
ROE 5.25%
ROCE 0.48%
ROIC 0.39%
ROICexc 0.4%
ROICexgc 0.54%
OM 7.58%
PM (TTM) 8.58%
GM N/A
FCFM N/A
ROA(3y)0.6%
ROA(5y)0.77%
ROE(3y)5.87%
ROE(5y)6.88%
ROIC(3y)0.43%
ROIC(5y)0.44%
ROICexc(3y)0.44%
ROICexc(5y)0.45%
ROICexgc(3y)0.59%
ROICexgc(5y)0.59%
ROCE(3y)0.53%
ROCE(5y)0.54%
ROICexgc growth 3Y90.15%
ROICexgc growth 5Y-16.9%
ROICexc growth 3Y85.84%
ROICexc growth 5Y-17.67%
OM growth 3Y77.28%
OM growth 5Y-12.52%
PM growth 3Y-15.64%
PM growth 5Y0.04%
GM growth 3YN/A
GM growth 5YN/A
F-Score4
Asset Turnover0.06
Health
Industry RankSector Rank
Debt/Equity 0.65
Debt/FCF N/A
Debt/EBITDA 12.27
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage 0.73
Cash Conversion N/A
Profit Quality N/A
Current Ratio 3.04
Quick Ratio 3.04
Altman-Z 0.14
F-Score4
WACC8.29%
ROIC/WACC0.05
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)-25.2%
EPS 3Y-7.79%
EPS 5Y-6.58%
EPS Q2Q%-15.28%
EPS Next Y35.03%
EPS Next 2Y19.47%
EPS Next 3Y10.18%
EPS Next 5Y7.52%
Revenue 1Y (TTM)4.24%
Revenue growth 3Y5.34%
Revenue growth 5Y-9.76%
Sales Q2Q%2.17%
Revenue Next Year4.14%
Revenue Next 2Y4.06%
Revenue Next 3Y4.78%
Revenue Next 5Y6.58%
EBIT growth 1Y-22.52%
EBIT growth 3Y86.75%
EBIT growth 5Y-21.06%
EBIT Next Year13.12%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-393.89%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-485.04%
OCF growth 3YN/A
OCF growth 5YN/A

NN GROUP NV / NN.AS Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for NN GROUP NV?

ChartMill assigns a fundamental rating of 4 / 10 to NN.AS.


Can you provide the valuation status for NN GROUP NV?

ChartMill assigns a valuation rating of 5 / 10 to NN GROUP NV (NN.AS). This can be considered as Fairly Valued.


What is the profitability of NN stock?

NN GROUP NV (NN.AS) has a profitability rating of 2 / 10.


What is the expected EPS growth for NN GROUP NV (NN.AS) stock?

The Earnings per Share (EPS) of NN GROUP NV (NN.AS) is expected to grow by 35.03% in the next year.


Is the dividend of NN GROUP NV sustainable?

The dividend rating of NN GROUP NV (NN.AS) is 6 / 10 and the dividend payout ratio is 84.9%.