NN GROUP NV (NN.AS)
NL0010773842 - Common Stock
NN gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 34 industry peers in the Insurance industry. The financial health of NN is average, but there are quite some concerns on its profitability. NN is not valued too expensively and it also shows a decent growth rate. Finally NN also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year NN was profitable.
NN had a negative operating cash flow in the past year.
In the past 5 years NN has always been profitable.
The reported operating cash flow has been mixed in the past 5 years: NN reported negative operating cash flow in multiple years.
1.2 Ratios
NN has a Return On Assets of 0.57%. This is in the lower half of the industry: NN underperforms 78.13% of its industry peers.
Looking at the Return On Equity, with a value of 5.51%, NN is doing worse than 78.13% of the companies in the same industry.
NN has a worse Return On Invested Capital (0.27%) than 71.88% of its industry peers.
The Average Return On Invested Capital over the past 3 years for NN is in line with the industry average of 2.19%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.57% | ||
| ROE | 5.51% | ||
| ROIC | 0.27% |
ROA(3y)0.86%
ROA(5y)0.81%
ROE(3y)7.37%
ROE(5y)6.55%
ROIC(3y)0.43%
ROIC(5y)0.62%
1.3 Margins
NN has a Profit Margin of 9.26%. This is comparable to the rest of the industry: NN outperforms 59.38% 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 5.44%, NN is doing worse than 81.25% of the companies in the same industry.
NN's Operating Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 5.44% | ||
| PM (TTM) | 9.26% | ||
| GM | N/A |
OM growth 3Y-19.44%
OM growth 5Y-10.55%
PM growth 3Y1.96%
PM growth 5Y8.52%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), NN is destroying value.
Compared to 1 year ago, NN has less shares outstanding
Compared to 5 years ago, NN has less shares outstanding
NN has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 0.11, we must say that NN is in the distress zone and has some risk of bankruptcy.
NN's Altman-Z score of 0.11 is fine compared to the rest of the industry. NN outperforms 78.13% of its industry peers.
A Debt/Equity ratio of 0.58 indicates that NN is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.58, NN is in line with its industry, outperforming 53.13% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.58 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.11 |
ROIC/WACC0.04
WACC6.42%
2.3 Liquidity
A Current Ratio of 1.87 indicates that NN should not have too much problems paying its short term obligations.
The Current ratio of NN (1.87) is better than 93.75% of its industry peers.
A Quick Ratio of 1.87 indicates that NN should not have too much problems paying its short term obligations.
With an excellent Quick ratio value of 1.87, NN belongs to the best of the industry, outperforming 93.75% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.87 | ||
| Quick Ratio | 1.87 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 176.75% over the past year.
Measured over the past 5 years, NN shows a small growth in Earnings Per Share. The EPS has been growing by 5.10% on average per year.
The Revenue has grown by 18.39% in the past year. This is quite good.
NN shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -6.79% yearly.
EPS 1Y (TTM)176.75%
EPS 3Y-11.66%
EPS 5Y5.1%
EPS Q2Q%9.92%
Revenue 1Y (TTM)18.39%
Revenue growth 3Y-16.93%
Revenue growth 5Y-6.79%
Sales Q2Q%3.98%
3.2 Future
Based on estimates for the next years, NN will show a quite strong growth in Earnings Per Share. The EPS will grow by 12.32% on average per year.
The Revenue is expected to grow by 3.61% on average over the next years.
EPS Next Y21.92%
EPS Next 2Y12.43%
EPS Next 3Y10.01%
EPS Next 5Y12.32%
Revenue Next Year-3.39%
Revenue Next 2Y-0.95%
Revenue Next 3Y0.2%
Revenue Next 5Y3.61%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 10.59, the valuation of NN can be described as reasonable.
NN's Price/Earnings ratio is a bit cheaper when compared to the industry. NN is cheaper than 62.50% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 29.65. NN is valued rather cheaply when compared to this.
NN is valuated cheaply with a Price/Forward Earnings ratio of 6.44.
Based on the Price/Forward Earnings ratio, NN is valued cheaply inside the industry as 87.50% of the companies are valued more expensively.
NN is valuated cheaply when we compare the Price/Forward Earnings ratio to 21.38, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.59 | ||
| Fwd PE | 6.44 |
4.2 Price Multiples
NN's Enterprise Value to EBITDA ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 21.27 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.48
PEG (5Y)2.08
EPS Next 2Y12.43%
EPS Next 3Y10.01%
5. Dividend
5.1 Amount
NN has a Yearly Dividend Yield of 7.53%, which is a nice return.
NN's Dividend Yield is rather good when compared to the industry average which is at 5.22. NN pays more dividend than 84.38% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.26, NN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.53% |
5.2 History
The dividend of NN has a limited annual growth rate of 4.13%.
Dividend Growth(5Y)4.13%
Div Incr Years6
Div Non Decr Years6
5.3 Sustainability
43.43% of the earnings are spent on dividend by NN. This is a bit on the high side, but may be sustainable.
The dividend of NN is growing, but earnings are growing more, so the dividend growth is sustainable.
DP43.43%
EPS Next 2Y12.43%
EPS Next 3Y10.01%
NN GROUP NV
AMS:NN (9/6/2024, 7:00:00 PM)
44.89
+0.24 (+0.54%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap12.37B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.53% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.59 | ||
| Fwd PE | 6.44 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)0.48
PEG (5Y)2.08
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.57% | ||
| ROE | 5.51% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 5.44% | ||
| PM (TTM) | 9.26% | ||
| GM | N/A | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.06
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.58 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.87 | ||
| Quick Ratio | 1.87 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)176.75%
EPS 3Y-11.66%
EPS 5Y
EPS Q2Q%
EPS Next Y21.92%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)18.39%
Revenue growth 3Y-16.93%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y