NN Stock Analysis: NN | AS
Insurance - Diversified | AS, Netherlands | Market Cap: 20.027m EUR | 12M Return: 43.7% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 41.0M
EPS Trend: 65.7%
Qual. Beats: 0
Rev. Trend: 63.1%
Qual. Beats: -1
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Seasonality 10.5 years of data
Average return per month, with how dependable it is below — did the month move the same way every year (high) or randomly (low). Above 60 is a pattern worth trusting; under 40 is noise.
NN Group N.V. is a Dutch financial services company headquartered in The Hague, founded in 1845. It was spun off from ING in 2014 (having previously operated as ING Insurance Topholding) and operates through five segments: Netherlands Life, Netherlands Non-Life, Insurance Europe, Japan Life, and NN Bank.
The company provides life and non-life insurance, pensions, savings, investments, bancassurance, and mortgages through brands including Nationale-Nederlanden, BeFrank, AZL, and Woonnu. Its non-life offerings cover motor, fire, liability, transport, travel, health, and accident lines, while its life business includes defined benefit and defined contribution pensions, premium pension institution services, and long-term protection products. Products are distributed via tied agents, advisors, brokers, and direct channels to individuals, SMEs, and corporate clients in the Netherlands and select international markets (notably Japan and parts of Europe).
As a Life & Health Insurance provider (GICS classification), NN Group is positioned in a sector where Dutch insurers benefit from one of the worlds largest occupational pension markets relative to GDP, driven by mandatory participation in industry-wide and company pension funds. The combination of life insurance with banking and mortgage activities under NN Bank reflects the bancassurance model common among large European financial groups seeking cross-selling efficiencies.
- Higher interest rates strengthen solvency ratio and investment income
- Japan Life operating capital generation growth supports group earnings
- Share buyback program accelerates on strong excess capital position
| Net Income: 1.33b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.00 > 0.02 and ΔFCF/TA 0.30 > 1.0 |
| NWC/Revenue: -961.3% < 20% (prev 753.7%; Δ -1.72k% < -1%) |
| CFO/TA 0.00 > 3% & CFO 249.0m > Net Income 1.33b |
| Net Debt (7.55b) to EBITDA (11.3b): 0.67 < 3 |
| Current Ratio: 0.08 > 1.5 & < 3 |
| Outstanding Shares: last quarter (262.2m) vs 12m ago -2.93% < -2% |
| Gross Margin: error (current vs previous; cannot be calculated due to missing/invalid data or negative margin) |
| Asset Turnover: 6.71% > 50% (prev 6.14%; Δ 0.57% > 0%) |
| Interest Coverage Ratio: 9.31 > 6 (EBIT TTM 11.2b / Interest Expense TTM 1.20b) |
As of July 01, 2026, the stock is trading at EUR 76.66 with a total of 652,149 shares traded. Over the past week, the price has changed by +0.92%, over one month by +6.95%, over three months by +18.21% and over the past year by +43.70%.
Current recommended Stop Loss: 75.30 (which is 1.8% or 1.3 ATR below the current price).
NN has no consensus analysts rating.
P/E Trailing = 18.3549
P/E Forward = 9.5238
P/S = 1.3962
P/B = 0.9429
P/EG = 0.7164
Revenue TTM = 13.9b EUR
EBIT TTM = 11.2b EUR
EBITDA TTM = 11.3b EUR
Long Term Debt = 13.4b EUR (from longTermDebt, last quarter)
Short Term Debt = unknown (none)
Debt = 14.0b EUR (from shortLongTermDebtTotal, last quarter) + Leases 269.0m
Net Debt = 7.55b EUR (calculated: Debt 14.0b - CCE 6.40b)
Enterprise Value = 27.6b EUR (20.0b + Debt 14.0b - CCE 6.40b)
Interest Coverage Ratio = 9.31 (Ebit TTM 11.2b / Interest Expense TTM 1.20b)
EV/FCF = 110.8x (Enterprise Value 27.6b / FCF TTM 249.0m)
FCF Yield = 0.90% (FCF TTM 249.0m / Enterprise Value 27.6b)
FCF Margin = 1.79% (FCF TTM 249.0m / Revenue TTM 13.9b)
Net Margin = 9.51% (Net Income TTM 1.33b / Revenue TTM 13.9b)
Gross Margin = unknown ((Revenue TTM 13.9b - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = 0.13 (Enterprise Value 27.6b / Total Assets 205b)
Interest Expense / Debt = 8.60% (Interest Expense 1.20b / Debt 14.0b)
Taxrate = 18.29% (300.0m / 1.64b)
NOPAT = 9.13b (EBIT 11.2b * (1 - 18.29%))
Current Ratio = 0.08 (Total Current Assets 11.5b / Total Current Liabilities 146b)
Debt / Equity = 0.66 (Debt 14.0b / totalStockholderEquity, last quarter 21.1b)
Debt / EBITDA = 0.67 (Net Debt 7.55b / EBITDA 11.3b)
Debt / FCF = 30.34 (Net Debt 7.55b / FCF TTM 249.0m)
Total Stockholder Equity = 21.5b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.64% (Net Income 1.33b / Total Assets 205b)
RoE = 6.17% (Net Income TTM 1.33b / Total Stockholder Equity 21.5b)
RoCE = 32.03% (EBIT 11.2b / Capital Employed (Equity 21.5b + L.T.Debt 13.4b))
RoIC = 15.56% (NOPAT 9.13b / Invested Capital 58.7b)
WACC = 6.84% (E(20.0b)/V(34.0b) * Re(6.71%) + D(14.0b)/V(34.0b) * Rd(8.60%) * (1-Tc(0.18)))
Discount Rate = 6.71% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -95.45 | Cagr: -2.71%
[DCF] Terminal Value 75.44% ; FCFF base≈249.0m ; Y1≈250.0m ; Y5≈264.9m
[DCF] Fair Price = N/A (negative equity: EV 4.12b - Net Debt 7.55b = -3.43b; debt exceeds intrinsic value)
EPS Correlation: 65.71 | EPS CAGR: 30.75% | SUE: 0.0 | # QB: 0
Revenue Correlation: 63.12 | Revenue CAGR: 18.06% | SUE: -4.0 | # QB: -1
EPS current Year (2026-12-31): EPS=8.00 | Chg30d=+0.00% | Revisions=N/A | GrowthEPS=-4.0% | GrowthRev=+4.2%
EPS next Year (2027-12-31): EPS=8.40 | Chg30d=+0.00% | Revisions=+20% | GrowthEPS=+5.0% | GrowthRev=+4.0%
[Analyst] Revisions Ratio: +20%