NN GROUP NV (NN.AS) Stock Fundamental Analysis
Europe • Euronext Amsterdam • AMS:NN • NL0010773842
66.78 EUR
+0.56 (+0.85%)
Last: Jan 30, 2026, 07:00 PM
NN gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 48 industry peers in the Insurance industry. NN scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. While showing a medium growth rate, NN is valued expensive at the moment.
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
- Looking at the Return On Assets, with a value of 0.61%, NN is doing worse than 75.00% of the companies in the same industry.
- With a Return On Equity value of 5.84%, NN is not doing good in the industry: 87.50% of the companies in the same industry are doing better.
- NN has a worse Return On Invested Capital (0.43%) than 62.50% of its industry peers.
- NN had an Average Return On Invested Capital over the past 3 years of 0.31%. This is below the industry average of 2.75%.
- 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
- NN has a better Profit Margin (9.91%) than 60.42% of its industry peers.
- NN's Profit Margin has improved in the last couple of years.
- With a Operating Margin value of 8.71%, NN is not doing good in the industry: 60.42% of the companies in the same industry are doing better.
- NN's Operating Margin has been stable in the last couple of years.
| 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
2. Health
2.1 Basic Checks
- With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), NN is destroying value.
- The number of shares outstanding for NN has been reduced compared to 1 year ago.
- Compared to 5 years ago, NN has less shares outstanding
- Compared to 1 year ago, NN has an improved debt to assets ratio.
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 79.17% of its industry peers.
- The Debt to FCF ratio of NN is 70.44, which is on the high side as it means it would take NN, 70.44 years of fcf income to pay off all of its debts.
- The Debt to FCF ratio of NN (70.44) is worse than 81.25% 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.
- NN has a Debt to Equity ratio (0.62) which 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
WACC7.93%
2.3 Liquidity
- NN has a Current Ratio of 2.16. This indicates that NN is financially healthy and has no problem in meeting its short term obligations.
- NN has a better Current ratio (2.16) than 91.67% of its industry peers.
- NN has a Quick Ratio of 2.16. This indicates that NN is financially healthy and has no problem in meeting its short term obligations.
- The Quick ratio of NN (2.16) is better than 91.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.16 | ||
| Quick Ratio | 2.16 |
3. Growth
3.1 Past
- The Earnings Per Share has grown by an nice 10.68% over the past year.
- The Earnings Per Share has been decreasing by -0.60% on average over the past years.
- The Revenue has been growing slightly by 1.39% in the past year.
- The Revenue for NN have been decreasing by -12.53% on average. This is quite bad
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
- Based on estimates for the next years, NN will show a small growth in Earnings Per Share. The EPS will grow by 6.03% on average per year.
- The Revenue is expected to grow by 2.10% on average over the next years.
EPS Next Y-2.92%
EPS Next 2Y11.89%
EPS Next 3Y9.86%
EPS Next 5Y6.03%
Revenue Next Year0.22%
Revenue Next 2Y1.88%
Revenue Next 3Y2.5%
Revenue Next 5Y2.1%
3.3 Evolution
- The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
- 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.
4. Valuation
4.1 Price/Earnings Ratio
- The Price/Earnings ratio is 14.21, which indicates a correct valuation of NN.
- Compared to the rest of the industry, the Price/Earnings ratio of NN indicates a slightly more expensive valuation: NN is more expensive than 60.42% of the companies listed in the same industry.
- When comparing the Price/Earnings ratio of NN to the average of the S&P500 Index (28.32), we can say NN is valued slightly cheaper.
- Based on the Price/Forward Earnings ratio of 8.28, the valuation of NN can be described as reasonable.
- Based on the Price/Forward Earnings ratio, NN is valued cheaply inside the industry as 81.25% of the companies are valued more expensively.
- When comparing the Price/Forward Earnings ratio of NN to the average of the S&P500 Index (25.57), we can say NN is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.21 | ||
| Fwd PE | 8.28 |
4.2 Price Multiples
- NN's Enterprise Value to EBITDA is on the same level as the industry average.
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of NN indicates a rather expensive valuation: NN more expensive than 81.25% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 95.05 | ||
| EV/EBITDA | 18.65 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y11.89%
EPS Next 3Y9.86%
5. Dividend
5.1 Amount
- NN has a Yearly Dividend Yield of 5.35%, which is a nice return.
- Compared to an average industry Dividend Yield of 4.11, 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 1.83.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.35% |
5.2 History
- On average, the dividend of NN grows each year by 15.91%, which is quite nice.
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.
- NN's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP73.42%
EPS Next 2Y11.89%
EPS Next 3Y9.86%
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 -2.92% 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 73.42%.