ING GROEP NV (INGA.AS) Stock Fundamental Analysis

AMS:INGA • NL0011821202

24.63 EUR
-0.34 (-1.36%)
Last: Feb 27, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

3

Overall INGA gets a fundamental rating of 3 out of 10. We evaluated INGA against 108 industry peers in the Banks industry. INGA has a bad profitability rating. Also its financial health evaluation is rather negative. INGA has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

3

1. Profitability

1.1 Basic Checks

  • INGA had positive earnings in the past year.
  • In the past 5 years INGA has always been profitable.
  • In the past 5 years INGA always reported negative operating cash flow.
INGA.AS Yearly Net Income VS EBIT VS OCF VS FCFINGA.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 20B -20B 40B 60B 80B 100B

1.2 Ratios

  • INGA has a Return On Assets of 1.20%. This is in the better half of the industry: INGA outperforms 75.00% of its industry peers.
  • INGA has a better Return On Equity (25.55%) than 98.15% of its industry peers.
Industry RankSector Rank
ROA 1.2%
ROE 25.55%
ROIC N/A
ROA(3y)0.66%
ROA(5y)0.57%
ROE(3y)13.22%
ROE(5y)11.17%
ROIC(3y)N/A
ROIC(5y)N/A
INGA.AS Yearly ROA, ROE, ROICINGA.AS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10

1.3 Margins

  • INGA's Profit Margin of 27.14% is fine compared to the rest of the industry. INGA outperforms 70.37% of its industry peers.
  • In the last couple of years the Profit Margin of INGA has grown nicely.
  • INGA does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) 27.14%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y14.48%
PM growth 5Y16.17%
GM growth 3YN/A
GM growth 5YN/A
INGA.AS Yearly Profit, Operating, Gross MarginsINGA.AS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30

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ROAROEROICOperating and Profit MarginShow most profitable peers

1

2. Health

2.1 Basic Checks

  • INGA does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • The number of shares outstanding for INGA has been reduced compared to 1 year ago.
  • Compared to 5 years ago, INGA has less shares outstanding
  • INGA has a worse debt/assets ratio than last year.
INGA.AS Yearly Shares OutstandingINGA.AS Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B
INGA.AS Yearly Total Debt VS Total AssetsINGA.AS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200B 400B 600B 800B 1T

2.2 Solvency

  • INGA has a Debt/Equity ratio of 3.41. This is a high value indicating a heavy dependency on external financing.
  • INGA has a worse Debt to Equity ratio (3.41) than 79.63% of its industry peers.
Industry RankSector Rank
Debt/Equity 3.41
Debt/FCF N/A
Altman-Z N/A
ROIC/WACCN/A
WACC16.23%
INGA.AS Yearly LT Debt VS Equity VS FCFINGA.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 50B 100B 150B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
INGA.AS Yearly Current Assets VS Current LiabilitesINGA.AS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 10B 20B 30B 40B 50B

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

5

3. Growth

3.1 Past

  • The Earnings Per Share has been growing slightly by 5.50% over the past year.
  • The Earnings Per Share has been growing by 27.35% on average over the past years. This is a very strong growth
  • Looking at the last year, INGA shows a very strong growth in Revenue. The Revenue has grown by 31.03%.
  • Measured over the past years, INGA shows a small growth in Revenue. The Revenue has been growing by 3.78% on average per year.
EPS 1Y (TTM)5.5%
EPS 3Y29%
EPS 5Y27.35%
EPS Q2Q%23.08%
Revenue 1Y (TTM)31.03%
Revenue growth 3Y4.72%
Revenue growth 5Y3.78%
Sales Q2Q%7.21%

3.2 Future

  • INGA is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 6.52% yearly.
  • Based on estimates for the next years, INGA will show a small growth in Revenue. The Revenue will grow by 3.64% on average per year.
EPS Next Y10.44%
EPS Next 2Y13.26%
EPS Next 3Y12.77%
EPS Next 5Y6.52%
Revenue Next Year6.3%
Revenue Next 2Y6.11%
Revenue Next 3Y6.37%
Revenue Next 5Y3.64%

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
INGA.AS Yearly Revenue VS EstimatesINGA.AS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 5B 10B 15B 20B 25B
INGA.AS Yearly EPS VS EstimatesINGA.AS Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 1 2 3

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Find the best growth stocksShow best growing peers

4

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 11.67, the valuation of INGA can be described as reasonable.
  • Compared to the rest of the industry, the Price/Earnings ratio of INGA is on the same level as its industry peers.
  • When comparing the Price/Earnings ratio of INGA to the average of the S&P500 Index (27.10), we can say INGA is valued rather cheaply.
  • Based on the Price/Forward Earnings ratio of 10.57, the valuation of INGA can be described as reasonable.
  • 62.96% of the companies in the same industry are more expensive than INGA, based on the Price/Forward Earnings ratio.
  • When comparing the Price/Forward Earnings ratio of INGA to the average of the S&P500 Index (28.06), we can say INGA is valued rather cheaply.
Industry RankSector Rank
PE 11.67
Fwd PE 10.57
INGA.AS Price Earnings VS Forward Price EarningsINGA.AS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
INGA.AS Per share dataINGA.AS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15

4.3 Compensation for Growth

  • The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • A more expensive valuation may be justified as INGA's earnings are expected to grow with 12.77% in the coming years.
PEG (NY)1.12
PEG (5Y)0.43
EPS Next 2Y13.26%
EPS Next 3Y12.77%

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

6

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 5.13%, INGA is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 4.37, INGA pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.80, INGA pays a better dividend.
Industry RankSector Rank
Dividend Yield 5.13%

5.2 History

  • On average, the dividend of INGA grows each year by 12.43%, which is quite nice.
Dividend Growth(5Y)12.43%
Div Incr Years4
Div Non Decr Years4
INGA.AS Yearly Dividends per shareINGA.AS Yearly Dividends per shareYearly Dividends per share 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5

5.3 Sustainability

  • The dividend of INGA is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP0%
EPS Next 2Y13.26%
EPS Next 3Y12.77%
INGA.AS Yearly Income VS Free CF VS DividendINGA.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 20B -20B 40B 60B 80B 100B

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Find the best dividend stocksShow peers with best dividend

ING GROEP NV

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

24.63

-0.34 (-1.36%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)01-29
Earnings (Next)04-30
Inst Owners50.26%
Inst Owner ChangeN/A
Ins Owners0%
Ins Owner ChangeN/A
Market Cap71.35B
Revenue(TTM)46.78B
Net Income(TTM)12.70B
Analysts77.04
Price Target26.45 (7.39%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.13%
Yearly Dividend1.2
Dividend Growth(5Y)12.43%
DP0%
Div Incr Years4
Div Non Decr Years4
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)5.49%
Min EPS beat(2)5.18%
Max EPS beat(2)5.81%
EPS beat(4)3
Avg EPS beat(4)4.39%
Min EPS beat(4)-0.07%
Max EPS beat(4)6.63%
EPS beat(8)6
Avg EPS beat(8)4.7%
EPS beat(12)10
Avg EPS beat(12)8.25%
EPS beat(16)12
Avg EPS beat(16)7.06%
Revenue beat(2)1
Avg Revenue beat(2)2.35%
Min Revenue beat(2)-0.07%
Max Revenue beat(2)4.78%
Revenue beat(4)1
Avg Revenue beat(4)0.64%
Min Revenue beat(4)-1.31%
Max Revenue beat(4)4.78%
Revenue beat(8)4
Avg Revenue beat(8)0.46%
Revenue beat(12)6
Avg Revenue beat(12)0.32%
Revenue beat(16)8
Avg Revenue beat(16)13.74%
PT rev (1m)8.67%
PT rev (3m)16.15%
EPS NQ rev (1m)-7.01%
EPS NQ rev (3m)-7.19%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.24%
Revenue NQ rev (1m)-3.03%
Revenue NQ rev (3m)-3.3%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.43%
Valuation
Industry RankSector Rank
PE 11.67
Fwd PE 10.57
P/S 1.53
P/FCF N/A
P/OCF N/A
P/B 1.44
P/tB 1.48
EV/EBITDA N/A
EPS(TTM)2.11
EY8.57%
EPS(NY)2.33
Fwd EY9.46%
FCF(TTM)N/A
FCFYN/A
OCF(TTM)N/A
OCFYN/A
SpS16.15
BVpS17.15
TBVpS16.63
PEG (NY)1.12
PEG (5Y)0.43
Graham Number28.54
Profitability
Industry RankSector Rank
ROA 1.2%
ROE 25.55%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 27.14%
GM N/A
FCFM N/A
ROA(3y)0.66%
ROA(5y)0.57%
ROE(3y)13.22%
ROE(5y)11.17%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y14.48%
PM growth 5Y16.17%
GM growth 3YN/A
GM growth 5YN/A
F-ScoreN/A
Asset Turnover0.04
Health
Industry RankSector Rank
Debt/Equity 3.41
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-ScoreN/A
WACC16.23%
ROIC/WACCN/A
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)5.5%
EPS 3Y29%
EPS 5Y27.35%
EPS Q2Q%23.08%
EPS Next Y10.44%
EPS Next 2Y13.26%
EPS Next 3Y12.77%
EPS Next 5Y6.52%
Revenue 1Y (TTM)31.03%
Revenue growth 3Y4.72%
Revenue growth 5Y3.78%
Sales Q2Q%7.21%
Revenue Next Year6.3%
Revenue Next 2Y6.11%
Revenue Next 3Y6.37%
Revenue Next 5Y3.64%
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1YN/A
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1YN/A
OCF growth 3YN/A
OCF growth 5YN/A

ING GROEP NV / INGA.AS FAQ

What is the fundamental rating for INGA stock?

ChartMill assigns a fundamental rating of 3 / 10 to INGA.AS.


Can you provide the valuation status for ING GROEP NV?

ChartMill assigns a valuation rating of 4 / 10 to ING GROEP NV (INGA.AS). This can be considered as Fairly Valued.


How profitable is ING GROEP NV (INGA.AS) stock?

ING GROEP NV (INGA.AS) has a profitability rating of 3 / 10.


What is the valuation of ING GROEP NV based on its PE and PB ratios?

The Price/Earnings (PE) ratio for ING GROEP NV (INGA.AS) is 11.67 and the Price/Book (PB) ratio is 1.44.


Can you provide the dividend sustainability for INGA stock?

The dividend rating of ING GROEP NV (INGA.AS) is 6 / 10 and the dividend payout ratio is 0%.