NN GROUP NV (2NN.DE) Stock Fundamental Analysis
Europe • Frankfurt Stock Exchange • FRA:2NN • NL0010773842
65.9 EUR
-0.14 (-0.21%)
Last: Jan 29, 2026, 07:00 PM
Taking everything into account, 2NN scores 4 out of 10 in our fundamental rating. 2NN was compared to 48 industry peers in the Insurance industry. 2NN has only an average score on both its financial health and profitability. 2NN is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
- In the past year 2NN was profitable.
- 2NN had a positive operating cash flow in the past year.
- Each year in the past 5 years 2NN has been profitable.
- In multiple years 2NN reported negative operating cash flow during the last 5 years.
1.2 Ratios
- 2NN has a worse Return On Assets (0.61%) than 72.92% of its industry peers.
- Looking at the Return On Equity, with a value of 5.84%, 2NN is doing worse than 85.42% of the companies in the same industry.
- 2NN has a Return On Invested Capital of 0.43%. This is in the lower half of the industry: 2NN underperforms 60.42% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for 2NN is below the industry average of 2.74%.
- The last Return On Invested Capital (0.43%) for 2NN is above the 3 year average (0.31%), which is a sign of increasing profitability.
| 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 2NN (9.91%) is better than 62.50% of its industry peers.
- 2NN's Profit Margin has improved in the last couple of years.
- 2NN's Operating Margin of 8.71% is in line compared to the rest of the industry. 2NN outperforms 41.67% of its industry peers.
- In the last couple of years the Operating Margin of 2NN 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
2. Health
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so 2NN is destroying value.
- 2NN has less shares outstanding than it did 1 year ago.
- Compared to 5 years ago, 2NN has less shares outstanding
- Compared to 1 year ago, 2NN has an improved debt to assets ratio.
2.2 Solvency
- 2NN has an Altman-Z score of 0.14. This is a bad value and indicates that 2NN is not financially healthy and even has some risk of bankruptcy.
- 2NN's Altman-Z score of 0.14 is fine compared to the rest of the industry. 2NN outperforms 77.08% of its industry peers.
- 2NN has a debt to FCF ratio of 70.44. This is a negative value and a sign of low solvency as 2NN would need 70.44 years to pay back of all of its debts.
- The Debt to FCF ratio of 2NN (70.44) is worse than 79.17% of its industry peers.
- 2NN has a Debt/Equity ratio of 0.62. This is a neutral value indicating 2NN is somewhat dependend on debt financing.
- Looking at the Debt to Equity ratio, with a value of 0.62, 2NN is in line with its industry, outperforming 56.25% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.62 | ||
| Debt/FCF | 70.44 | ||
| Altman-Z | 0.14 |
ROIC/WACC0.05
WACC7.94%
2.3 Liquidity
- A Current Ratio of 2.16 indicates that 2NN has no problem at all paying its short term obligations.
- With an excellent Current ratio value of 2.16, 2NN belongs to the best of the industry, outperforming 93.75% of the companies in the same industry.
- 2NN has a Quick Ratio of 2.16. This indicates that 2NN is financially healthy and has no problem in meeting its short term obligations.
- Looking at the Quick ratio, with a value of 2.16, 2NN belongs to the top of the industry, outperforming 93.75% of the companies in the same industry.
| 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.
- Measured over the past years, 2NN shows a decrease in Earnings Per Share. The EPS has been decreasing by -0.60% on average per year.
- The Revenue has been growing slightly by 1.39% in the past year.
- 2NN 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
- Based on estimates for the next years, 2NN will show a small growth in Earnings Per Share. The EPS will grow by 6.03% on average per year.
- 2NN is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.10% yearly.
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 14.02, which indicates a correct valuation of 2NN.
- The rest of the industry has a similar Price/Earnings ratio as 2NN.
- When comparing the Price/Earnings ratio of 2NN to the average of the S&P500 Index (28.30), we can say 2NN is valued rather cheaply.
- The Price/Forward Earnings ratio is 8.17, which indicates a very decent valuation of 2NN.
- 83.33% of the companies in the same industry are more expensive than 2NN, based on the Price/Forward Earnings ratio.
- 2NN is valuated cheaply when we compare the Price/Forward Earnings ratio to 25.57, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.02 | ||
| Fwd PE | 8.17 |
4.2 Price Multiples
- 2NN's Enterprise Value to EBITDA ratio is in line with the industry average.
- Based on the Price/Free Cash Flow ratio, 2NN is valued a bit more expensive than 79.17% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 93.79 | ||
| EV/EBITDA | 18.46 |
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
- With a Yearly Dividend Yield of 5.43%, 2NN is a good candidate for dividend investing.
- Compared to an average industry Dividend Yield of 4.17, 2NN pays a bit more dividend than its industry peers.
- Compared to an average S&P500 Dividend Yield of 1.82, 2NN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.43% |
5.2 History
- The dividend of 2NN is nicely growing with an annual growth rate of 15.91%!
Dividend Growth(5Y)15.91%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
- 73.42% of the earnings are spent on dividend by 2NN. This is not a sustainable payout ratio.
- 2NN'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 / 2NN.DE FAQ
What is the ChartMill fundamental rating of NN GROUP NV (2NN.DE) stock?
ChartMill assigns a fundamental rating of 4 / 10 to 2NN.DE.
Can you provide the valuation status for NN GROUP NV?
ChartMill assigns a valuation rating of 4 / 10 to NN GROUP NV (2NN.DE). This can be considered as Fairly Valued.
How profitable is NN GROUP NV (2NN.DE) stock?
NN GROUP NV (2NN.DE) has a profitability rating of 4 / 10.
What is the valuation of NN GROUP NV based on its PE and PB ratios?
The Price/Earnings (PE) ratio for NN GROUP NV (2NN.DE) is 14.02 and the Price/Book (PB) ratio is 0.82.
Can you provide the dividend sustainability for 2NN stock?
The dividend rating of NN GROUP NV (2NN.DE) is 6 / 10 and the dividend payout ratio is 73.42%.