INGA Stock Analysis: ING Groep | AS
Banks - Diversified | AS, Netherlands | Market Cap: 88.256m EUR | 12M Return: 46.4% | NL0011821202 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 148M
EPS Trend: 63.0%
Qual. Beats: 4
Rev. Trend: 39.7%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 11.6 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
ING Groep N.V. is a Dutch-based global financial institution founded in 1762 and headquartered in Amsterdam. It operates through five business segments: Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, and Wholesale Banking, serving individual customers, corporate clients, and financial institutions across the Netherlands, Belgium, Germany, rest of Europe, and internationally.
The company provides a broad suite of banking products and services, including current and savings accounts, time deposits, business and SME lending, residential mortgages, consumer loans, payments, cash management, trade and corporate finance, treasury services, and digital banking, as well as savings, investment, and insurance offerings.
As a large-cap diversified bank within the Financials sector, ING operates a universal banking model that combines retail and wholesale operations, generating revenue primarily through net interest income (the difference between interest earned on loans and interest paid on deposits) and fee-based services. The diversification across multiple European retail markets and a wholesale banking arm helps spread geographic risk while relying on established deposit-gathering and lending capabilities typical of large European commercial banks.
- ECB rate cuts pressure net interest income
- Mortgage loan growth slows across Dutch and German retail markets
- Share buyback program continues amid strong CET1 capital position
| Net Income: 6.70b TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.00 > 0.02 and ΔFCF/TA 5.15 > 1.0 |
| NWC/Revenue: -3.55k% < 20% (prev -1.76k%; Δ -1.79k% < -1%) |
| CFO/TA 0.00 > 3% & CFO 160.0m > Net Income 6.70b |
| Net Debt (153b) to EBITDA (10.5b): 14.56 < 3 |
| Current Ratio: 0.07 > 1.5 & < 3 |
| Outstanding Shares: last quarter (2.87b) vs 12m ago -4.77% < -2% |
| Gross Margin: 94.46% > 18% (prev 96.97%; Δ -2.51% > 0.5%) |
| Asset Turnover: 2.11% > 50% (prev 3.79%; Δ -1.68% > 0%) |
| Interest Coverage Ratio: 0.27 > 6 (EBIT TTM 9.83b / Interest Expense TTM 36.4b) |
| A: -0.73 (Total Current Assets 65.0b - Total Current Liabilities 907b) / Total Assets 1161b |
| B: 0.03 (Retained Earnings 35.2b / Total Assets 1161b) |
| C: 0.01 (EBIT TTM 9.83b / Avg Total Assets 1124b) |
| D: 0.05 (Book Value of Equity 50.2b / Total Liabilities 1109b) |
| Altman-Z'' = -4.56 = D |
As of August 23, 2026, the stock is trading at EUR 29.83 with a total of 4,278,905 shares traded. Over the past week, the price has changed by -3.42%, over one month by +4.02%, over three months by +15.61% and over the past year by +46.36%.
Current recommended Stop Loss: 28.50 (which is 4.5% or 2.7 ATR below the current price).
ING Groep has no consensus analysts rating.
P/E Trailing = 13.3701
P/E Forward = 12.6422
P/S = 3.5003
P/B = 1.7437
P/EG = 2.2988
Revenue TTM = 23.8b EUR
EBIT TTM = 9.83b EUR
EBITDA TTM = 10.5b EUR
Long Term Debt = 185b EUR (from longTermDebt, last quarter)
Short Term Debt = 125b EUR (from shortTermDebt, last fiscal year)
Debt = 218b EUR (from shortLongTermDebtTotal, last quarter) + Leases 1.05b
Net Debt = 153b EUR (calculated: Debt 218b - CCE 65.0b)
Enterprise Value = 241b EUR (88.3b + Debt 218b - CCE 65.0b)
Interest Coverage Ratio = 0.27 (Ebit TTM 9.83b / Interest Expense TTM 36.4b)
EV/FCF = -1000.0x (Enterprise Value 241b / FCF TTM -191.0m)
FCF Yield = -0.08% (FCF TTM -191.0m / Enterprise Value 241b)
FCF Margin = -0.80% (FCF TTM -191.0m / Revenue TTM 23.8b)
Net Margin = 28.20% (Net Income TTM 6.70b / Revenue TTM 23.8b)
Gross Margin = 94.46% ((Revenue TTM 23.8b - Cost of Revenue TTM 1.32b) / Revenue TTM)
Gross Margin QoQ = none% (prev 94.06%)
Tobins Q-Ratio = 0.21 (Enterprise Value 241b / Total Assets 1161b)
Interest Expense / Debt = 16.70% (Interest Expense 36.4b / Debt 218b)
Taxrate = 29.12% (2.86b / 9.83b)
NOPAT = 6.97b (EBIT 9.83b * (1 - 29.12%))
Current Ratio = 0.07 (Total Current Assets 65.0b / Total Current Liabilities 907b)
Debt / Equity = 4.33 (Debt 218b / totalStockholderEquity, last quarter 50.2b)
Debt / EBITDA = 14.56 (Net Debt 153b / EBITDA 10.5b)
Debt / FCF = -800.3 (out of range, set to none) (Net Debt 153b / FCF TTM -191.0m)
Total Stockholder Equity = 50.1b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.60% (Net Income 6.70b / Total Assets 1161b)
RoE = 13.38% (Net Income TTM 6.70b / Total Stockholder Equity 50.1b)
RoCE = 4.18% (EBIT 9.83b / Capital Employed (Equity 50.1b + L.T.Debt 185b))
RoIC = 1.85% (NOPAT 6.97b / Invested Capital 377b)
WACC = 10.81% (E(88.3b)/V(306b) * Re(8.29%) + D(218b)/V(306b) * Rd(16.70%) * (1-Tc(0.29)))
Discount Rate = 8.29% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -99.01 | Cagr: -5.88%
[DCF] Fair Price = unknown (Cash Flow -191.0m)
EPS Correlation: 63.00 | EPS CAGR: 3.61% | SUE: 0.93 | # QB: 4
Revenue Correlation: 39.75 | Revenue CAGR: 15.01% | SUE: 0.02 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.68 | Chg30d=+2.51% | Revisions=+29% | Analysts=6
EPS current Year (2026-12-31): EPS=2.48 | Chg30d=+2.68% | Revisions=+53% | GrowthEPS=+16.8% | GrowthRev=+6.7%
EPS next Year (2027-12-31): EPS=2.89 | Chg30d=+2.26% | Revisions=+36% | GrowthEPS=+16.9% | GrowthRev=+7.3%
[Analyst] Revisions Ratio: +50% (up=21, down=6)