NN Fundamental Analysis - NN GROUP NV

Fundamental Rating

Taking everything into account, NN scores 4 out of 10 in our fundamental rating. NN was compared to 46 industry peers in the Insurance industry. The financial health of NN is average, but there are quite some concerns on its profitability. NN has a decent growth rate and is not valued too expensively. Finally NN also has an excellent dividend rating.

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1. Profitability

1.1 Basic Checks

NN had positive earnings in the past year.
In the past year NN had a positive cash flow from operations.
NN had positive earnings in each of the past 5 years.
In multiple years NN reported negative operating cash flow during the last 5 years.

1.2 Ratios

NN has a worse Return On Assets (0.61%) than 76.09% of its industry peers.
The Return On Equity of NN (5.84%) is worse than 86.96% of its industry peers.
NN has a worse Return On Invested Capital (0.43%) than 60.87% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for NN is below the industry average of 2.71%.
The 3 year average ROIC (0.31%) for NN is below the current ROIC(0.43%), indicating increased profibility in the last year.

		Industry Rank	Sector Rank
ROA	0.61%
ROE	5.84%
ROIC	0.43%

ROA(3y)0.67%

ROA(5y)0.8%

ROE(3y)6.62%

ROE(5y)6.79%

ROIC(3y)0.31%

ROIC(5y)0.56%

1.3 Margins

The Profit Margin of NN (9.91%) is better than 60.87% of its industry peers.
NN's Profit Margin has improved in the last couple of years.
NN has a Operating Margin of 8.71%. This is in the lower half of the industry: NN underperforms 60.87% of its industry peers.
In the last couple of years the Operating Margin of NN has remained more or less at the same level.

		Industry Rank	Sector Rank
OM	8.71%
PM (TTM)	9.91%
GM	N/A

OM growth 3Y-1.79%

OM growth 5Y0.69%

PM growth 3Y-3.58%

PM growth 5Y9.26%

GM growth 3YN/A

GM growth 5YN/A

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ROA

ROE

ROIC

Operating and Profit Margin

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2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), NN is destroying value.
Compared to 1 year ago, NN has less shares outstanding
NN has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, NN has an improved debt to assets ratio.

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.
With a decent Altman-Z score value of 0.14, NN is doing good in the industry, outperforming 78.26% of the companies in the same industry.
NN has a debt to FCF ratio of 70.44. This is a negative value and a sign of low solvency as NN would need 70.44 years to pay back of all of its debts.
NN's Debt to FCF ratio of 70.44 is on the low side compared to the rest of the industry. NN is outperformed by 78.26% of its industry peers.
NN has a Debt/Equity ratio of 0.62. This is a neutral value indicating NN is somewhat dependend on debt financing.
The Debt to Equity ratio of NN (0.62) is comparable to the rest of the industry.

		Industry Rank	Sector Rank
Debt/Equity	0.62
Debt/FCF	70.44
Altman-Z	0.14

ROIC/WACC0.05

WACC8.09%

2.3 Liquidity

A Current Ratio of 2.16 indicates that NN has no problem at all paying its short term obligations.
With an excellent Current ratio value of 2.16, NN belongs to the best of the industry, outperforming 93.48% of the companies in the same industry.
A Quick Ratio of 2.16 indicates that NN has no problem at all paying its short term obligations.
With an excellent Quick ratio value of 2.16, NN belongs to the best of the industry, outperforming 93.48% of the companies in the same industry.

		Industry Rank	Sector Rank
Current Ratio	2.16
Quick Ratio	2.16

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WACC

Debt/Equity

How to determine the health of a company

Altman-Z score

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3. Growth

3.1 Past

NN shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 10.68%, which is quite good.
Measured over the past years, NN shows a decrease in Earnings Per Share. The EPS has been decreasing by -0.60% on average per year.
NN shows a small growth in Revenue. In the last year, the Revenue has grown by 1.39%.
NN shows a very negative growth in Revenue. Measured over the last years, the Revenue has been decreasing by -12.53% yearly.

EPS 1Y (TTM)10.68%

EPS 3Y-18.75%

EPS 5Y-0.6%

EPS Q2Q%-40.43%

Revenue 1Y (TTM)1.39%

Revenue growth 3Y-19.29%

Revenue growth 5Y-12.53%

Sales Q2Q%6.55%

3.2 Future

NN is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 6.03% yearly.
Based on estimates for the next years, NN will show a small growth in Revenue. The Revenue will grow by 2.10% on average per year.

EPS Next Y-3.24%

EPS Next 2Y11.84%

EPS Next 3Y9.81%

EPS Next 5Y6.03%

Revenue Next Year0.22%

Revenue Next 2Y1.88%

Revenue Next 3Y2.5%

Revenue Next 5Y2.1%

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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.

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4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 14.15 indicates a correct valuation of NN.
NN's Price/Earnings ratio is in line with the industry average.
NN's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.47.
The Price/Forward Earnings ratio is 8.25, which indicates a very decent valuation of NN.
Based on the Price/Forward Earnings ratio, NN is valued cheaply inside the industry as 82.61% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of NN to the average of the S&P500 Index (24.26), we can say NN is valued rather cheaply.

		Industry Rank	Sector Rank
PE	14.15
Fwd PE	8.25

4.2 Price Multiples

NN's Enterprise Value to EBITDA is on the same level as the industry average.
78.26% of the companies in the same industry are cheaper than NN, based on the Price/Free Cash Flow ratio.

		Industry Rank	Sector Rank
P/FCF	94.68
EV/EBITDA	18.68

4.3 Compensation for Growth

PEG (NY)N/A

PEG (5Y)N/A

EPS Next 2Y11.84%

EPS Next 3Y9.81%

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5. Dividend

5.1 Amount

NN has a Yearly Dividend Yield of 5.36%, which is a nice return.
Compared to an average industry Dividend Yield of 3.93, NN pays a better dividend. On top of this NN pays more dividend than 84.78% of the companies listed in the same industry.
NN's Dividend Yield is rather good when compared to the S&P500 average which is at 1.89.

		Industry Rank	Sector Rank
Dividend Yield	5.36%

5.2 History

The dividend of NN is nicely growing with an annual growth rate of 15.91%!

Dividend Growth(5Y)15.91%

Div Incr Years6

Div Non Decr Years6

5.3 Sustainability

73.42% 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.

DP73.42%

EPS Next 2Y11.84%

EPS Next 3Y9.81%

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NN GROUP NV

AMS:NN (1/16/2026, 7:00:00 PM)

66.52

-0.4 (-0.6%)

Chartmill FA Rating

GICS SectorFinancials

GICS IndustryGroupInsurance

GICS IndustryInsurance

Earnings (Last)08-08 2025-08-08

Earnings (Next)02-18 2026-02-18/amc

Inst Owners59.04%

Inst Owner ChangeN/A

Ins Owners0.01%

Ins Owner ChangeN/A

Market Cap17.89B

Revenue(TTM)12.76B

Net Income(TTM)1.26B

Analysts78.33

Price Target66.63 (0.17%)

Short Float %N/A

Short RatioN/A

Dividend

		Industry Rank	Sector Rank
Dividend Yield	5.36%

Yearly Dividend2.56

Dividend Growth(5Y)15.91%

DP73.42%

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)0%

PT rev (3m)3.85%

EPS NQ rev (1m)N/A

EPS NQ rev (3m)N/A

EPS NY rev (1m)0.23%

EPS NY rev (3m)-5.4%

Revenue NQ rev (1m)N/A

Revenue NQ rev (3m)N/A

Revenue NY rev (1m)0%

Revenue NY rev (3m)0%

Valuation

		Industry Rank	Sector Rank
PE	14.15
Fwd PE	8.25
P/S	1.4
P/FCF	94.68
P/OCF	71.86
P/B	0.83
P/tB	0.88
EV/EBITDA	18.68

EPS(TTM)4.7

EY7.07%

EPS(NY)8.06

Fwd EY12.12%

FCF(TTM)0.7

FCFY1.06%

OCF(TTM)0.93

OCFY1.39%

SpS47.42

BVpS80.46

TBVpS75.96

PEG (NY)N/A

PEG (5Y)N/A

Graham Number92.25

Profitability

		Industry Rank	Sector Rank
ROA	0.61%
ROE	5.84%
ROCE	0.54%
ROIC	0.43%
ROICexc	0.45%
ROICexgc	0.59%
OM	8.71%
PM (TTM)	9.91%
GM	N/A
FCFM	1.48%

ROA(3y)0.67%

ROA(5y)0.8%

ROE(3y)6.62%

ROE(5y)6.79%

ROIC(3y)0.31%

ROIC(5y)0.56%

ROICexc(3y)0.32%

ROICexc(5y)0.58%

ROICexgc(3y)0.42%

ROICexgc(5y)0.75%

ROCE(3y)0.39%

ROCE(5y)0.7%

ROICexgc growth 3Y-14.7%

ROICexgc growth 5Y-8.18%

ROICexc growth 3Y-16.09%

ROICexc growth 5Y-9.11%

OM growth 3Y-1.79%

OM growth 5Y0.69%

PM growth 3Y-3.58%

PM growth 5Y9.26%

GM growth 3YN/A

GM growth 5YN/A

F-Score7

Asset Turnover0.06

Health

		Industry Rank	Sector Rank
Debt/Equity	0.62
Debt/FCF	70.44
Debt/EBITDA	10.56
Cap/Depr	40%
Cap/Sales	0.47%
Interest Coverage	0.78
Cash Conversion	19.75%
Profit Quality	14.95%
Current Ratio	2.16
Quick Ratio	2.16
Altman-Z	0.14

F-Score7

WACC8.09%

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)10.68%

EPS 3Y-18.75%

EPS 5Y-0.6%

EPS Q2Q%-40.43%

EPS Next Y-3.24%

EPS Next 2Y11.84%

EPS Next 3Y9.81%

EPS Next 5Y6.03%

Revenue 1Y (TTM)1.39%

Revenue growth 3Y-19.29%

Revenue growth 5Y-12.53%

Sales Q2Q%6.55%

Revenue Next Year0.22%

Revenue Next 2Y1.88%

Revenue Next 3Y2.5%

Revenue Next 5Y2.1%

EBIT growth 1Y62.43%

EBIT growth 3Y-20.73%

EBIT growth 5Y-11.93%

EBIT Next Year8.41%

EBIT Next 3Y3.51%

EBIT Next 5YN/A

FCF growth 1Y114.01%

FCF growth 3YN/A

FCF growth 5YN/A

OCF growth 1Y118.99%

OCF growth 3YN/A

OCF growth 5YN/A

NN GROUP NV / NN.AS 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 4 / 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 3 / 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 decline by -3.24% in the next year.

Is the dividend of NN GROUP NV sustainable?

The dividend rating of NN GROUP NV (NN.AS) is 7 / 10 and the dividend payout ratio is 73.42%.

NN GROUP NV (NN.AS) Stock Fundamental Analysis

1. Profitability

1.1 Basic Checks

1.2 Ratios

1.3 Margins

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2. Health

2.1 Basic Checks

2.2 Solvency

2.3 Liquidity

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3. Growth

3.1 Past

3.2 Future

3.3 Evolution

More info and screens

4. Valuation

4.1 Price/Earnings Ratio

4.2 Price Multiples

4.3 Compensation for Growth

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5. Dividend

5.1 Amount

5.2 History

5.3 Sustainability

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NN GROUP NV / NN.AS FAQ

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

Can you provide the valuation status for NN GROUP NV?

What is the profitability of NN stock?

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

Is the dividend of NN GROUP NV sustainable?