NN GROUP NV (NN.AS) Stock Fundamental Analysis
Europe • Euronext Amsterdam • AMS:NN • NL0010773842
66.78 EUR
+0.56 (+0.85%)
Last: Jan 30, 2026, 05:36 PM
Taking everything into account, NN scores 4 out of 10 in our fundamental rating. NN was compared to 48 industry peers in the Insurance industry. NN scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. NN has a decent growth rate and is not valued too expensively.
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.
- Each year in the past 5 years NN has been profitable.
- In multiple years NN reported negative operating cash flow during the last 5 years.
1.2 Ratios
- Looking at the Return On Assets, with a value of 0.61%, NN is doing worse than 75.00% of the companies in the same industry.
- NN's Return On Equity of 5.84% is on the low side compared to the rest of the industry. NN is outperformed by 87.50% of its industry peers.
- NN has a worse Return On Invested Capital (0.43%) than 62.50% of its industry peers.
- NN had an Average Return On Invested Capital over the past 3 years of 0.31%. This is below the industry average of 2.74%.
- The last Return On Invested Capital (0.43%) for NN 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
- NN has a better Profit Margin (9.91%) than 60.42% of its industry peers.
- In the last couple of years the Profit Margin of NN has grown nicely.
- Looking at the Operating Margin, with a value of 8.71%, NN is doing worse than 60.42% of the companies in the same industry.
- NN's Operating Margin has been stable in the last couple of years.
| 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
- NN has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
- NN has less shares outstanding than it did 1 year ago.
- The number of shares outstanding for NN has been reduced compared to 5 years ago.
- The debt/assets ratio for NN has been reduced compared to a year ago.
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's Altman-Z score of 0.14 is fine compared to the rest of the industry. NN outperforms 79.17% 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.
- Looking at the Debt to FCF ratio, with a value of 70.44, NN is doing worse than 81.25% of the companies in the same industry.
- A Debt/Equity ratio of 0.62 indicates that NN is somewhat dependend on debt financing.
- Looking at the Debt to Equity ratio, with a value of 0.62, NN is in line with its industry, outperforming 54.17% 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
WACC7.93%
2.3 Liquidity
- NN has a Current Ratio of 2.16. This indicates that NN is financially healthy and has no problem in meeting its short term obligations.
- Looking at the Current ratio, with a value of 2.16, NN belongs to the top of the industry, outperforming 91.67% of the companies in the same industry.
- NN has a Quick Ratio of 2.16. This indicates that NN is financially healthy and has no problem in meeting its short term obligations.
- With an excellent Quick ratio value of 2.16, NN belongs to the best of the industry, outperforming 91.67% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.16 | ||
| Quick Ratio | 2.16 |
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.
- NN shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -0.60% yearly.
- Looking at the last year, NN shows a small growth in Revenue. The Revenue has grown by 1.39% in the last year.
- 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
- NN is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 6.03% yearly.
- The Revenue is expected to grow by 2.10% on average over the next years.
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 14.21, which indicates a correct valuation of NN.
- The rest of the industry has a similar Price/Earnings ratio as NN.
- Compared to an average S&P500 Price/Earnings ratio of 28.30, NN is valued a bit cheaper.
- Based on the Price/Forward Earnings ratio of 8.28, the valuation of NN can be described as reasonable.
- 81.25% of the companies in the same industry are more expensive than NN, based on the Price/Forward Earnings ratio.
- NN's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 25.57.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.21 | ||
| Fwd PE | 8.28 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of NN is on the same level as its industry peers.
- Based on the Price/Free Cash Flow ratio, NN is valued more expensive than 81.25% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 95.05 | ||
| EV/EBITDA | 18.53 |
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%, NN is a good candidate for dividend investing.
- Compared to an average industry Dividend Yield of 4.17, NN pays a bit more dividend than its industry peers.
- Compared to an average S&P500 Dividend Yield of 1.82, NN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.43% |
5.2 History
- On average, the dividend of NN grows each year by 15.91%, which is quite nice.
Dividend Growth(5Y)15.91%
Div Incr Years6
Div Non Decr Years6
5.3 Sustainability
- NN pays out 73.42% of its income as dividend. This is not a sustainable payout ratio.
- NN'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 / 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 4 / 10 to NN GROUP NV (NN.AS). This can be considered as Fairly Valued.
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%.