NN GROUP NV (NN.AS) Stock Fundamental Analysis

AMS:NN • NL0010773842

69.3 EUR
-1.54 (-2.17%)
Last: Feb 27, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

4

NN gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 46 industry peers in the Insurance industry. The financial health of NN is average, but there are quite some concerns on its profitability. NN is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

3

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.
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 0 5B -5B

1.2 Ratios

  • NN has a worse Return On Assets (0.61%) than 78.26% of its industry peers.
  • Looking at the Return On Equity, with a value of 5.84%, NN is doing worse than 86.96% of the companies in the same industry.
  • Looking at the Return On Invested Capital, with a value of 0.43%, NN is doing worse than 63.04% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for NN is below the industry average of 2.84%.
  • The 3 year average ROIC (0.31%) for NN is below the current ROIC(0.43%), indicating increased profibility in the last year.
Industry RankSector 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%
NN.AS Yearly ROA, ROE, ROICNN.AS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6 8

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.
  • The Operating Margin of NN (8.71%) is worse than 63.04% of its industry peers.
  • NN's Operating Margin has been stable in the last couple of years.
Industry RankSector 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
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 5 10

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ROAROEROICOperating and Profit MarginShow most profitable peers

5

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so NN is destroying value.
  • NN has less shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, NN has less shares outstanding
  • NN has a better 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 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 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.
  • NN has a Altman-Z score of 0.14. This is in the better half of the industry: NN outperforms 78.26% 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.
  • With a Debt to FCF ratio value of 70.44, NN is not doing good in the industry: 80.43% of the companies in the same industry are doing better.
  • 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 RankSector Rank
Debt/Equity 0.62
Debt/FCF 70.44
Altman-Z 0.14
ROIC/WACC0.05
WACC7.96%
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 0 10B 20B 30B

2.3 Liquidity

  • A Current Ratio of 2.16 indicates that NN has no problem at all paying its short term obligations.
  • Looking at the Current ratio, with a value of 2.16, NN belongs to the top of the industry, outperforming 91.30% 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.
  • Looking at the Quick ratio, with a value of 2.16, NN belongs to the top of the industry, outperforming 91.30% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 2.16
Quick Ratio 2.16
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 2B 4B 6B 8B 10B

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

4

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%.
  • 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 5.98% on average per year.
  • The Revenue is expected to grow by 1.67% on average over the next years.
EPS Next Y-2.92%
EPS Next 2Y11.89%
EPS Next 3Y9.86%
EPS Next 5Y5.98%
Revenue Next Year0.22%
Revenue Next 2Y1.88%
Revenue Next 3Y2.5%
Revenue Next 5Y1.67%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • 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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Find the best growth stocksShow best growing peers

3

4. Valuation

4.1 Price/Earnings Ratio

  • NN is valuated correctly with a Price/Earnings ratio of 14.74.
  • NN's Price/Earnings ratio is a bit more expensive when compared to the industry. NN is more expensive than 69.57% 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 27.10.
  • The Price/Forward Earnings ratio is 8.59, which indicates a very decent valuation of NN.
  • 82.61% of the companies in the same industry are more expensive than NN, based on the Price/Forward Earnings ratio.
  • The average S&P500 Price/Forward Earnings ratio is at 28.06. NN is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 14.74
Fwd PE 8.59
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

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as NN.
  • NN's Price/Free Cash Flow ratio is rather expensive when compared to the industry. NN is more expensive than 80.43% of the companies in the same industry.
Industry RankSector Rank
P/FCF 96.43
EV/EBITDA 19.18
NN.AS Per share dataNN.AS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60 80

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y11.89%
EPS Next 3Y9.86%

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

6

5. Dividend

5.1 Amount

  • NN has a Yearly Dividend Yield of 5.13%, which is a nice return.
  • NN's Dividend Yield is a higher than the industry average which is at 4.18.
  • NN's Dividend Yield is rather good when compared to the S&P500 average which is at 1.80.
Industry RankSector Rank
Dividend Yield 5.13%

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
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

  • 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 2Y11.89%
EPS Next 3Y9.86%
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 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 GROUP NV

AMS:NN (2/27/2026, 7:00:00 PM)

69.3

-1.54 (-2.17%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)02-12
Earnings (Next)08-06
Inst Owners59.04%
Inst Owner ChangeN/A
Ins Owners0.01%
Ins Owner ChangeN/A
Market Cap18.23B
Revenue(TTM)12.76B
Net Income(TTM)1.26B
Analysts78.4
Price Target68.53 (-1.11%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.13%
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)1.06%
PT rev (3m)3.7%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-1.83%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 14.74
Fwd PE 8.59
P/S 1.43
P/FCF 96.43
P/OCF 73.2
P/B 0.84
P/tB 0.89
EV/EBITDA 19.18
EPS(TTM)4.7
EY6.78%
EPS(NY)8.07
Fwd EY11.64%
FCF(TTM)0.72
FCFY1.04%
OCF(TTM)0.95
OCFY1.37%
SpS48.5
BVpS82.3
TBVpS77.7
PEG (NY)N/A
PEG (5Y)N/A
Graham Number93.29
Profitability
Industry RankSector 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 RankSector 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
WACC7.96%
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-2.92%
EPS Next 2Y11.89%
EPS Next 3Y9.86%
EPS Next 5Y5.98%
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 5Y1.67%
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 3 / 10 to NN GROUP NV (NN.AS). This can be considered as Overvalued.


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%.