NN Group N.V., a financial services company, primarily provides life insurance products in the Netherlands, rest of Europe, the United States, and Asia. More Details
Very undervalued with solid track record and pays a dividend.
Share Price & News
How has NN Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: NN has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: NN exceeded the Austrian Insurance industry which returned -24.1% over the past year.
Return vs Market: NN exceeded the Austrian Market which returned -22.6% over the past year.
Price Volatility Vs. Market
How volatile is NN Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is NN Group undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: NN (€32.84) is trading below our estimate of fair value (€82.94)
Significantly Below Fair Value: NN is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: NN is good value based on its PE Ratio (7.6x) compared to the XE Insurance industry average (10.4x).
PE vs Market: NN is good value based on its PE Ratio (7.6x) compared to the Austrian market (18.4x).
Price to Earnings Growth Ratio
PEG Ratio: NN is good value based on its PEG Ratio (0.8x)
Price to Book Ratio
PB vs Industry: NN is good value based on its PB Ratio (0.3x) compared to the XE Insurance industry average (1x).
How is NN Group forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NN's forecast earnings growth (9.5% per year) is above the savings rate (0.5%).
Earnings vs Market: NN's earnings (9.5% per year) are forecast to grow slower than the Austrian market (26.1% per year).
High Growth Earnings: NN's earnings are forecast to grow, but not significantly.
Revenue vs Market: NN's revenue (0.3% per year) is forecast to grow slower than the Austrian market (4.8% per year).
High Growth Revenue: NN's revenue (0.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: NN's Return on Equity is forecast to be low in 3 years time (5.9%).
How has NN Group performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NN has high quality earnings.
Growing Profit Margin: NN's current net profit margins (7%) are higher than last year (6.5%).
Past Earnings Growth Analysis
Earnings Trend: NN's earnings have grown by 2.8% per year over the past 5 years.
Accelerating Growth: NN's earnings growth over the past year (4.6%) exceeds its 5-year average (2.8% per year).
Earnings vs Industry: NN earnings growth over the past year (4.6%) exceeded the Insurance industry -4.4%.
Return on Equity
High ROE: NN's Return on Equity (3.9%) is considered low.
How is NN Group's financial position?
Financial Position Analysis
Short Term Liabilities: NN's short term assets (€35.0B) exceed its short term liabilities (€21.8B).
Long Term Liabilities: NN's short term assets (€35.0B) do not cover its long term liabilities (€203.3B).
Debt to Equity History and Analysis
Debt Level: NN's debt to equity ratio (29.9%) is considered satisfactory.
Reducing Debt: NN's debt to equity ratio has reduced from 42.5% to 29.9% over the past 5 years.
Debt Coverage: NN's debt is well covered by operating cash flow (43.7%).
Interest Coverage: NN's interest payments on its debt are well covered by EBIT (4.5x coverage).
What is NN Group current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: NN's dividend (6.93%) is higher than the bottom 25% of dividend payers in the Austrian market (1.5%).
High Dividend: NN's dividend (6.93%) is in the top 25% of dividend payers in the Austrian market (4.65%)
Stability and Growth of Payments
Stable Dividend: NN has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: NN's dividend payments have increased, but the company has only paid a dividend for 5 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (53%), NN's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: NN's dividends in 3 years are forecast to be covered by earnings (57.7% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
David Knibbe (49 yo)
Dr. David E. Knibbe has been Chairman of the Executive Board at NN Group NV since October 1, 2019. And served as its Chief Executive Officer since October 1, 2019 until Npvember 2019. Dr. Knibbe was Chief ...
CEO Compensation Analysis
Compensation vs Market: David's total compensation ($USD2.36M) is below average for companies of similar size in the Austrian market ($USD4.01M).
Compensation vs Earnings: Insufficient data to compare David's compensation with company performance.
|Chairman of Executive Board & CEO||1yr||€2.01m||0.0092% |
|Vice Chairman of Management Board & CFO||6.58yrs||€2.36m||0.015% |
|CEO of Netherlands Non-life||2.08yrs||no data||no data|
|Member of Management Board||3.5yrs||no data||no data|
|Chief of Organization & Corporate Relations and Member of Management Board||2.08yrs||no data||no data|
|CEO of International Insurance & Member of Management Board||2.08yrs||no data||no data|
|General Counsel||2.08yrs||no data||no data|
|Chief Risk Officer & Member of the Management Board||0.33yr||no data||no data|
|CEO of Netherlands Life & Pensions and Member of the Management Board||0.33yr||no data||no data|
|Head of Investor Relations||no data||no data||no data|
|Chief Executive Officer of NN Belgium||4.25yrs||no data||no data|
|Chief Risk Officer of Bank Business Unit||1.75yrs||no data||no data|
Experienced Management: NN's management team is considered experienced (2.1 years average tenure).
|Chair of the Supervisory Board||1.42yrs||€158.81k||no data|
|Independent Supervisory Board Member||4.67yrs||€122.21k||no data|
|Independent Vice-Chair of the Supervisory Board||5yrs||€102.95k||no data|
|Independent Supervisory Board Member||3.33yrs||€122.21k||no data|
|Supervisory Board Member||6.25yrs||€131.89k||no data|
|Supervisory Board Member||6.25yrs||€102.85k||no data|
Experienced Board: NN's board of directors are considered experienced (4.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
NN Group N.V.'s company bio, employee growth, exchange listings and data sources
- Name: NN Group N.V.
- Ticker: NN
- Exchange: WBAG
- Founded: 2011
- Industry: Life and Health Insurance
- Sector: Insurance
- Market Cap: €10.767b
- Shares outstanding: 330.28m
- Website: https://www.nn-group.com
Number of Employees
- NN Group N.V.
- Schenkkade 65
- The Hague
- 2595 AS
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|NN||ENXTAM (Euronext Amsterdam)||Yes||Ordinary Shares||NL||EUR||Jul 2014|
|NNA||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||EUR||Jul 2014|
|2NN||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Jul 2014|
|0QVV||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||EUR||Jul 2014|
|NNGP.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Jul 2014|
|NN||WBAG (Wiener Boerse AG)||Yes||Ordinary Shares||AT||EUR||Jul 2014|
|2NN||ETLX (Eurotlx)||Yes||Ordinary Shares||IT||EUR||Jul 2014|
|NNGR.Y||OTCPK (Pink Sheets LLC)||UNSPONSOD ADR||US||USD||Jan 2017|
NN Group N.V., a financial services company, primarily provides life insurance products in the Netherlands, rest of Europe, the United States, and Asia. The company operates through seven segments: Netherl ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/10/19 22:19|
|End of Day Share Price||2020/10/19 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.