ING Groep Valuation

Is INGA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of INGA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: INGA (CHF13.76) is trading below our estimate of fair value (CHF21.83)

Significantly Below Fair Value: INGA is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for INGA?

Other financial metrics that can be useful for relative valuation.

INGA key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ratio1.7x

Price to Earnings Ratio vs Peers

How does INGA's PE Ratio compare to its peers?

The above table shows the PE ratio for INGA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average13x
LLBN Liechtensteinische Landesbank
13.1xn/aCHF2.2b
BCVN Banque Cantonale Vaudoise
17.4x0.2%CHF8.2b
ANZ ANZ Group Holdings
12.1x1.7%AU$85.5b
ITUB4 Itaú Unibanco Holding
9.5x11.2%R$293.9b
INGA ING Groep
12.7x7.6%CHF52.5b

Price-To-Earnings vs Peers: INGA is good value based on its Price-To-Earnings Ratio (12.7x) compared to the peer average (13x).


Price to Earnings Ratio vs Industry

How does INGA's PE Ratio compare vs other companies in the European Banks Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a0.3%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a0.3%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: INGA is expensive based on its Price-To-Earnings Ratio (12.7x) compared to the European Banks industry average (7.8x).


Price to Earnings Ratio vs Fair Ratio

What is INGA's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

INGA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.7x
Fair PE Ratio18.9x

Price-To-Earnings vs Fair Ratio: INGA is good value based on its Price-To-Earnings Ratio (12.7x) compared to the estimated Fair Price-To-Earnings Ratio (18.9x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst INGA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF13.76
CHF16.50
+19.9%
10.7%CHF19.69CHF12.67n/a19
Apr ’25CHF13.76
CHF15.60
+13.4%
9.8%CHF18.71CHF12.73n/a20
Mar ’25CHF13.76
CHF14.65
+6.5%
10.0%CHF18.19CHF11.90n/a21
Feb ’25CHF13.76
CHF14.98
+8.9%
9.9%CHF17.81CHF11.65n/a22
Jan ’25CHF13.76
CHF15.60
+13.4%
10.4%CHF18.99CHF11.81n/a22
Dec ’24CHF13.76
CHF15.69
+14.0%
10.5%CHF19.16CHF11.91n/a22
Nov ’24CHF13.76
CHF16.02
+16.5%
10.8%CHF19.35CHF12.03n/a22
Oct ’24CHF13.76
CHF16.06
+16.7%
11.3%CHF19.41CHF12.07n/a22
Sep ’24CHF13.76
CHF15.62
+13.5%
12.4%CHF19.17CHF11.92n/a23
Aug ’24CHF13.76
CHF15.24
+10.7%
10.8%CHF17.46CHF12.06n/a22
Jul ’24CHF13.76
CHF15.25
+10.8%
10.6%CHF17.75CHF12.26n/a20
Jun ’24CHF13.76
CHF14.96
+8.7%
11.3%CHF17.58CHF11.65n/a21
May ’24CHF13.76
CHF14.92
+8.5%
10.7%CHF17.21CHF11.80CHF13.7621
Apr ’24CHF13.76
CHF15.02
+9.2%
10.9%CHF17.39CHF11.86CHF13.7621
Mar ’24CHF13.76
CHF15.18
+10.3%
10.6%CHF17.64CHF12.03CHF13.7621
Feb ’24CHF13.76
CHF14.72
+7.0%
11.1%CHF16.97CHF11.98CHF13.7621
Jan ’24CHF13.76
CHF14.09
+2.4%
13.0%CHF16.72CHF9.84CHF13.7622
Dec ’23CHF13.76
CHF14.00
+1.7%
13.3%CHF16.74CHF9.85CHF13.7622
Nov ’23CHF13.76
CHF13.55
-1.5%
11.9%CHF16.17CHF9.92CHF13.7622
Oct ’23CHF13.76
CHF12.93
-6.0%
11.2%CHF15.11CHF9.67CHF13.7622
Sep ’23CHF13.76
CHF12.89
-6.3%
11.0%CHF15.11CHF9.67CHF13.7622
Aug ’23CHF13.76
CHF13.15
-4.4%
12.1%CHF16.57CHF9.90CHF13.7621
Jul ’23CHF13.76
CHF13.65
-0.8%
13.0%CHF18.20CHF10.11CHF13.7621
Jun ’23CHF13.76
CHF13.21
-4.0%
13.3%CHF16.68CHF10.26CHF13.7621
May ’23CHF13.76
CHF13.54
-1.6%
11.9%CHF15.91CHF10.27CHF13.7621

Analyst Forecast: Target price is less than 20% higher than the current share price.


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