NN GROUP NV (2NN.DE) Fundamental Analysis & Valuation

FRA:2NN • NL0010773842

Current stock price

66.6 EUR
+0.9 (+1.37%)
Last:

This 2NN.DE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

2

1. 2NN.DE Profitability Analysis

1.1 Basic Checks

  • In the past year 2NN was profitable.
  • In the past year 2NN has reported a negative cash flow from operations.
  • In the past 5 years 2NN has always been profitable.
  • 2NN had negative operating cash flow in 4 of the past 5 years.
2NN.DE Yearly Net Income VS EBIT VS OCF VS FCF2NN.DE 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

  • 2NN's Return On Assets of 0.54% is on the low side compared to the rest of the industry. 2NN is outperformed by 73.81% of its industry peers.
  • Looking at the Return On Equity, with a value of 5.25%, 2NN is doing worse than 83.33% of the companies in the same industry.
  • 2NN has a Return On Invested Capital (0.39%) which is comparable to the rest of the industry.
  • The Average Return On Invested Capital over the past 3 years for 2NN is below the industry average of 2.85%.
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%
2NN.DE Yearly ROA, ROE, ROIC2NN.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2 4 6 8

1.3 Margins

  • With a Profit Margin value of 8.58%, 2NN perfoms like the industry average, outperforming 52.38% of the companies in the same industry.
  • In the last couple of years the Profit Margin of 2NN has remained more or less at the same level.
  • 2NN's Operating Margin of 7.58% is on the low side compared to the rest of the industry. 2NN is outperformed by 69.05% of its industry peers.
  • 2NN's Operating Margin has declined in the last couple of years.
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
2NN.DE Yearly Profit, Operating, Gross Margins2NN.DE 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. 2NN.DE Health Analysis

2.1 Basic Checks

  • 2NN has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • Compared to 1 year ago, 2NN has less shares outstanding
  • Compared to 5 years ago, 2NN has less shares outstanding
  • The debt/assets ratio for 2NN is higher compared to a year ago.
2NN.DE Yearly Shares Outstanding2NN.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M
2NN.DE Yearly Total Debt VS Total Assets2NN.DE 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

  • 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 has a better Altman-Z score (0.14) than 73.81% of its industry peers.
  • 2NN has a Debt/Equity ratio of 0.65. This is a neutral value indicating 2NN is somewhat dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.65, 2NN is in line with its industry, outperforming 40.48% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.65
Debt/FCF N/A
Altman-Z 0.14
ROIC/WACC0.05
WACC8.28%
2NN.DE Yearly LT Debt VS Equity VS FCF2NN.DE 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

  • 2NN has a Current Ratio of 3.04. This indicates that 2NN is financially healthy and has no problem in meeting its short term obligations.
  • The Current ratio of 2NN (3.04) is better than 92.86% of its industry peers.
  • 2NN has a Quick Ratio of 3.04. This indicates that 2NN is financially healthy and has no problem in meeting its short term obligations.
  • 2NN has a better Quick ratio (3.04) than 92.86% of its industry peers.
Industry RankSector Rank
Current Ratio 3.04
Quick Ratio 3.04
2NN.DE Yearly Current Assets VS Current Liabilites2NN.DE 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. 2NN.DE Growth Analysis

3.1 Past

  • The earnings per share for 2NN have decreased strongly by -25.20% in the last year.
  • The Earnings Per Share has been decreasing by -6.58% on average over the past years.
  • Looking at the last year, 2NN shows a small growth in Revenue. The Revenue has grown by 4.24% in the last year.
  • 2NN 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

  • Based on estimates for the next years, 2NN will show a small growth in Earnings Per Share. The EPS will grow by 7.52% on average per year.
  • Based on estimates for the next years, 2NN 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.
2NN.DE Yearly Revenue VS Estimates2NN.DE 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
2NN.DE Yearly EPS VS Estimates2NN.DE 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. 2NN.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 15.93, 2NN is valued correctly.
  • 2NN's Price/Earnings ratio is a bit more expensive when compared to the industry. 2NN is more expensive than 69.05% of the companies in the same industry.
  • 2NN's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 25.61.
  • Based on the Price/Forward Earnings ratio of 7.88, the valuation of 2NN can be described as very cheap.
  • 90.48% of the companies in the same industry are more expensive than 2NN, based on the Price/Forward Earnings ratio.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 22.79, 2NN is valued rather cheaply.
Industry RankSector Rank
PE 15.93
Fwd PE 7.88
2NN.DE Price Earnings VS Forward Price Earnings2NN.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • 2NN's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. 2NN is cheaper than 66.67% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 22.22
2NN.DE Per share data2NN.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 40 60 80

4.3 Compensation for Growth

  • 2NN's 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. 2NN.DE Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 5.34%, 2NN is a good candidate for dividend investing.
  • 2NN's Dividend Yield is a higher than the industry average which is at 4.59.
  • Compared to an average S&P500 Dividend Yield of 1.89, 2NN pays a better dividend.
Industry RankSector Rank
Dividend Yield 5.34%

5.2 History

  • The dividend of 2NN is nicely growing with an annual growth rate of 23.47%!
Dividend Growth(5Y)23.47%
Div Incr Years2
Div Non Decr Years2
2NN.DE Yearly Dividends per share2NN.DE Yearly Dividends per shareYearly Dividends per share 2022 2023 2024 2025 2026 1 2 3

5.3 Sustainability

  • 2NN pays out 84.90% of its income as dividend. This is not a sustainable payout ratio.
  • 2NN's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP84.9%
EPS Next 2Y19.47%
EPS Next 3Y10.18%
2NN.DE Yearly Income VS Free CF VS Dividend2NN.DE 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
2NN.DE Dividend Payout.2NN.DE Dividend Payout, showing the Payout Ratio.2NN.DE Dividend Payout.PayoutRetained Earnings

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2NN.DE Fundamentals: All Metrics, Ratios and Statistics

NN GROUP NV

FRA:2NN (3/25/2026, 7:00:00 PM)

66.6

+0.9 (+1.37%)

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 Cap17.52B
Revenue(TTM)12.90B
Net Income(TTM)1.11B
Analysts78.4
Price Target71.35 (7.13%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.34%
Yearly Dividend3.55
Dividend Growth(5Y)23.47%
DP84.9%
Div Incr Years2
Div Non Decr Years2
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)4.39%
PT rev (3m)6.92%
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 15.93
Fwd PE 7.88
P/S 1.36
P/FCF N/A
P/OCF N/A
P/B 0.83
P/tB 0.88
EV/EBITDA 22.22
EPS(TTM)4.18
EY6.28%
EPS(NY)8.45
Fwd EY12.69%
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
WACC8.28%
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 / 2NN.DE Fundamental Analysis 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 5 / 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 2 / 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 15.93 and the Price/Book (PB) ratio is 0.83.


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 84.9%.