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

AMS:NN • NL0010773842

Current stock price

66.34 EUR
+0.5 (+0.76%)
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.
  • NN had a negative operating cash flow in the past year.
  • NN had positive earnings in each of the past 5 years.
  • NN had negative operating cash flow in 4 of the past 5 years.
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

  • With a Return On Assets value of 0.54%, NN is not doing good in the industry: 72.09% of the companies in the same industry are doing better.
  • Looking at the Return On Equity, with a value of 5.25%, NN is doing worse than 81.40% of the companies in the same industry.
  • With a Return On Invested Capital value of 0.39%, NN perfoms like the industry average, outperforming 41.86% of the companies in the same industry.
  • NN had an Average Return On Invested Capital over the past 3 years of 0.43%. This is below the industry average of 2.95%.
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

  • The Profit Margin of NN (8.58%) is comparable to the rest of the industry.
  • NN's Profit Margin has been stable in the last couple of years.
  • NN has a worse Operating Margin (7.58%) than 67.44% of its industry peers.
  • In the last couple of years the Operating Margin of NN has declined.
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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ROAROEROICOperating and Profit MarginShow most profitable peers

5

2. NN.AS Health Analysis

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
  • 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

  • Based on the Altman-Z score of 0.14, we must say that NN is in the distress zone and has some risk of bankruptcy.
  • NN has a better Altman-Z score (0.14) than 76.74% of its industry peers.
  • NN has a Debt/Equity ratio of 0.65. This is a neutral value indicating NN is somewhat dependend on debt financing.
  • NN has a Debt to Equity ratio of 0.65. This is comparable to the rest of the industry: NN outperforms 41.86% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.65
Debt/FCF N/A
Altman-Z 0.14
ROIC/WACC0.05
WACC8.19%
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

  • A Current Ratio of 3.04 indicates that NN has no problem at all paying its short term obligations.
  • NN's Current ratio of 3.04 is amongst the best of the industry. NN outperforms 93.02% of its industry peers.
  • A Quick Ratio of 3.04 indicates that NN has no problem at all paying its short term obligations.
  • NN has a Quick ratio of 3.04. This is amongst the best in the industry. NN outperforms 93.02% 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

  • NN shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -25.20%.
  • Measured over the past years, NN shows a decrease in Earnings Per Share. The EPS has been decreasing by -6.58% on average per year.
  • Looking at the last year, NN shows a small growth in Revenue. The Revenue has grown by 4.24% in the last year.
  • NN shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -9.76% yearly.
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.
  • Based on estimates for the next years, NN will show a small growth in Revenue. The Revenue will grow by 6.58% on average per year.
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.
  • 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.
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

  • A Price/Earnings ratio of 15.87 indicates a correct valuation of NN.
  • Based on the Price/Earnings ratio, NN is valued a bit more expensive than 69.77% of the companies in the same industry.
  • NN's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 24.75.
  • Based on the Price/Forward Earnings ratio of 7.85, the valuation of NN can be described as very cheap.
  • NN's Price/Forward Earnings ratio is rather cheap when compared to the industry. NN is cheaper than 90.70% of the companies in the same industry.
  • NN's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.10.
Industry RankSector Rank
PE 15.87
Fwd PE 7.85
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

4.2 Price Multiples

  • NN's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. NN is cheaper than 65.12% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 22.04
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

  • NN has a Yearly Dividend Yield of 5.36%, which is a nice return.
  • NN's Dividend Yield is a higher than the industry average which is at 4.47.
  • NN's Dividend Yield is rather good when compared to the S&P500 average which is at 1.89.
Industry RankSector Rank
Dividend Yield 5.36%

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

  • NN pays out 84.90% of its income as dividend. 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

More info and screens

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NN.AS Fundamentals: All Metrics, Ratios and Statistics

NN GROUP NV

AMS:NN (3/30/2026, 5:36:15 PM)

66.34

+0.5 (+0.76%)

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 Cap17.45B
Revenue(TTM)12.90B
Net Income(TTM)1.11B
Analysts78.4
Price Target72.39 (9.12%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.36%
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)1.35%
PT rev (3m)8.65%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)4.73%
EPS NY rev (3m)4.84%
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 15.87
Fwd PE 7.85
P/S 1.35
P/FCF N/A
P/OCF N/A
P/B 0.83
P/tB 0.88
EV/EBITDA 22.04
EPS(TTM)4.18
EY6.3%
EPS(NY)8.45
Fwd EY12.74%
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
WACC8.19%
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%.