NUERNBERGER BETEILIG-AKT 'B' (NBG6.DE) Fundamental Analysis & Valuation

FRA:NBG6 • DE0008435967

119.5 EUR
-0.5 (-0.42%)
Last: Mar 11, 2026, 10:59 AM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership

This NBG6.DE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

2

We assign a fundamental rating of 2 out of 10 to NBG6. NBG6 was compared to 47 industry peers in the Insurance industry. Both the profitability and financial health of NBG6 have multiple concerns. NBG6 is valued expensive and it does not seem to be growing.


Dividend Valuation Growth Profitability Health

1

1. NBG6.DE Profitability Analysis

1.1 Basic Checks

  • In the past year NBG6 has reported negative net income.
  • In the past year NBG6 had a positive cash flow from operations.
  • NBG6 had positive earnings in 4 of the past 5 years.
  • The reported operating cash flow has been mixed in the past 5 years: NBG6 reported negative operating cash flow in multiple years.
NBG6.DE Yearly Net Income VS EBIT VS OCF VS FCFNBG6.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 0 -500M -1B -1.5B -2B

1.2 Ratios

  • The Return On Assets of NBG6 (-0.02%) is worse than 89.36% of its industry peers.
  • Looking at the Return On Equity, with a value of -0.96%, NBG6 is doing worse than 89.36% of the companies in the same industry.
Industry RankSector Rank
ROA -0.02%
ROE -0.96%
ROIC N/A
ROA(3y)0.04%
ROA(5y)0.1%
ROE(3y)0.74%
ROE(5y)3.56%
ROIC(3y)N/A
ROIC(5y)N/A
NBG6.DE Yearly ROA, ROE, ROICNBG6.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 -5 10

1.3 Margins

  • NBG6 does not have Profit Margin and Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
NBG6.DE Yearly Profit, Operating, Gross MarginsNBG6.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -20 -40

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ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. NBG6.DE Health Analysis

2.1 Basic Checks

  • NBG6 does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • Compared to 1 year ago, NBG6 has about the same amount of shares outstanding.
  • Compared to 5 years ago, NBG6 has about the same amount of shares outstanding.
  • The debt/assets ratio for NBG6 is higher compared to a year ago.
NBG6.DE Yearly Shares OutstandingNBG6.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2M 4M 6M 8M 10M
NBG6.DE Yearly Total Debt VS Total AssetsNBG6.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 10B 20B 30B

2.2 Solvency

  • Based on the Altman-Z score of -0.37, we must say that NBG6 is in the distress zone and has some risk of bankruptcy.
  • NBG6 has a better Altman-Z score (-0.37) than 63.83% of its industry peers.
  • NBG6 has a Debt/Equity ratio of 0.13. This is a healthy value indicating a solid balance between debt and equity.
  • NBG6 has a better Debt to Equity ratio (0.13) than 95.74% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.13
Debt/FCF N/A
Altman-Z -0.37
ROIC/WACCN/A
WACC7.26%
NBG6.DE Yearly LT Debt VS Equity VS FCFNBG6.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M

2.3 Liquidity

  • NBG6 has a Current Ratio of 0.01. This is a bad value and indicates that NBG6 is not financially healthy enough and could expect problems in meeting its short term obligations.
  • NBG6 has a Current ratio (0.01) which is comparable to the rest of the industry.
  • A Quick Ratio of 0.01 indicates that NBG6 may have some problems paying its short term obligations.
  • NBG6's Quick ratio of 0.01 is in line compared to the rest of the industry. NBG6 outperforms 57.45% of its industry peers.
Industry RankSector Rank
Current Ratio 0.01
Quick Ratio 0.01
NBG6.DE Yearly Current Assets VS Current LiabilitesNBG6.DE 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

1

3. NBG6.DE Growth Analysis

3.1 Past

  • NBG6 shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -154.00%.
  • NBG6 shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -47.71%.
  • Measured over the past years, NBG6 shows a decrease in Revenue. The Revenue has been decreasing by -0.96% on average per year.
EPS 1Y (TTM)-154%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%293.73%
Revenue 1Y (TTM)-47.71%
Revenue growth 3Y-1.83%
Revenue growth 5Y-0.96%
Sales Q2Q%-34.85%

3.2 Future

  • NBG6 is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 48.39% yearly.
  • Based on estimates for the next years, NBG6 will show a decrease in Revenue. The Revenue will decrease by -2.67% on average per year.
EPS Next Y166.67%
EPS Next 2Y75.1%
EPS Next 3Y48.39%
EPS Next 5YN/A
Revenue Next Year-10.5%
Revenue Next 2Y-4.37%
Revenue Next 3Y-2.67%
Revenue Next 5YN/A

3.3 Evolution

  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
NBG6.DE Yearly Revenue VS EstimatesNBG6.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 1B 2B 3B 4B 5B
NBG6.DE Yearly EPS VS EstimatesNBG6.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 5 -5

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Find the best growth stocksShow best growing peers

3

4. NBG6.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings Ratio is negative for NBG6. In the last year negative earnings were reported.
  • With a Price/Forward Earnings ratio of 16.88, NBG6 is valued correctly.
  • Based on the Price/Forward Earnings ratio, NBG6 is valued expensively inside the industry as 80.85% of the companies are valued cheaper.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 24.27, NBG6 is valued a bit cheaper.
Industry RankSector Rank
PE N/A
Fwd PE 16.88
NBG6.DE Price Earnings VS Forward Price EarningsNBG6.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 -50 -100 -150

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
NBG6.DE Per share dataNBG6.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 50 100 150 200

4.3 Compensation for Growth

  • NBG6's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • A more expensive valuation may be justified as NBG6's earnings are expected to grow with 48.39% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y75.1%
EPS Next 3Y48.39%

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

2

5. NBG6.DE Dividend Analysis

5.1 Amount

  • With a yearly dividend of 0.12%, NBG6 is not a good candidate for dividend investing.
  • With a Dividend Yield of 0.12, NBG6 pays less dividend than the industry average, which is at 4.21. 89.36% of the companies listed in the same industry pay a better dividend than NBG6!
  • Compared to an average S&P500 Dividend Yield of 1.82, NBG6's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.12%

5.2 History

  • The dividend of NBG6 has a limited annual growth rate of 3.13%.
Dividend Growth(5Y)3.13%
Div Incr Years0
Div Non Decr Years5
NBG6.DE Yearly Dividends per shareNBG6.DE Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2023 2024 2025 1 2 3

5.3 Sustainability

  • NBG6 has negative earnings and hence a negative payout ratio. The dividend may be in danger.
  • NBG6's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP-19.25%
EPS Next 2Y75.1%
EPS Next 3Y48.39%
NBG6.DE Yearly Income VS Free CF VS DividendNBG6.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M -400M

More info and screens

Find the best dividend stocksShow peers with best dividend

NBG6.DE Fundamentals: All Metrics, Ratios and Statistics

NUERNBERGER BETEILIG-AKT 'B'

FRA:NBG6 (3/11/2026, 10:59:29 AM)

119.5

-0.5 (-0.42%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)09-19
Earnings (Next)N/A
Inst Owners20.09%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap1.38B
Revenue(TTM)2.37B
Net Income(TTM)-8.37M
Analysts82.86
Price Target122.4 (2.43%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0.12%
Yearly Dividend3.5
Dividend Growth(5Y)3.13%
DP-19.25%
Div Incr Years0
Div Non Decr Years5
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)0%
PT rev (3m)0%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)7.52%
EPS NY rev (3m)7.52%
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 N/A
Fwd PE 16.88
P/S 0.58
P/FCF N/A
P/OCF 266.4
P/B 1.57
P/tB 1.77
EV/EBITDA N/A
EPS(TTM)-0.73
EYN/A
EPS(NY)7.08
Fwd EY5.92%
FCF(TTM)-1.29
FCFYN/A
OCF(TTM)0.45
OCFY0.38%
SpS206.04
BVpS76.1
TBVpS67.63
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -0.02%
ROE -0.96%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM N/A
FCFM N/A
ROA(3y)0.04%
ROA(5y)0.1%
ROE(3y)0.74%
ROE(5y)3.56%
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 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score2
Asset Turnover0.06
Health
Industry RankSector Rank
Debt/Equity 0.13
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales 0.84%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 0.01
Quick Ratio 0.01
Altman-Z -0.37
F-Score2
WACC7.26%
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)0.87%
Cap/Sales(5y)0.99%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-154%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%293.73%
EPS Next Y166.67%
EPS Next 2Y75.1%
EPS Next 3Y48.39%
EPS Next 5YN/A
Revenue 1Y (TTM)-47.71%
Revenue growth 3Y-1.83%
Revenue growth 5Y-0.96%
Sales Q2Q%-34.85%
Revenue Next Year-10.5%
Revenue Next 2Y-4.37%
Revenue Next 3Y-2.67%
Revenue Next 5YN/A
EBIT growth 1Y-1381.91%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year790.91%
EBIT Next 3Y139.44%
EBIT Next 5YN/A
FCF growth 1Y95.89%
FCF growth 3Y17.06%
FCF growth 5Y-11.06%
OCF growth 1Y101.58%
OCF growth 3Y6.18%
OCF growth 5Y-10.51%

NUERNBERGER BETEILIG-AKT 'B' / NBG6.DE FAQ

Can you provide the ChartMill fundamental rating for NUERNBERGER BETEILIG-AKT 'B'?

ChartMill assigns a fundamental rating of 2 / 10 to NBG6.DE.


What is the valuation status of NUERNBERGER BETEILIG-AKT 'B' (NBG6.DE) stock?

ChartMill assigns a valuation rating of 3 / 10 to NUERNBERGER BETEILIG-AKT 'B' (NBG6.DE). This can be considered as Overvalued.


How profitable is NUERNBERGER BETEILIG-AKT 'B' (NBG6.DE) stock?

NUERNBERGER BETEILIG-AKT 'B' (NBG6.DE) has a profitability rating of 1 / 10.


What is the expected EPS growth for NUERNBERGER BETEILIG-AKT 'B' (NBG6.DE) stock?

The Earnings per Share (EPS) of NUERNBERGER BETEILIG-AKT 'B' (NBG6.DE) is expected to grow by 166.67% in the next year.