ING Groep N.V., a financial institution, provides various banking products and services to individuals, small and medium-sized enterprises, and mid-corporates.
Very undervalued with excellent balance sheet.
Share Price & News
How has ING Groep's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: INNA's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: INNA underperformed the German Banks industry which returned -17.6% over the past year.
Return vs Market: INNA underperformed the German Market which returned 0.2% over the past year.
Price Volatility Vs. Market
How volatile is ING Groep's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is ING Groep 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: INNA (€6.6) is trading below our estimate of fair value (€11.32)
Significantly Below Fair Value: INNA is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: INNA is good value based on its PE Ratio (7.6x) compared to the Banks industry average (20x).
PE vs Market: INNA is good value based on its PE Ratio (7.6x) compared to the German market (20.9x).
Price to Earnings Growth Ratio
PEG Ratio: INNA is good value based on its PEG Ratio (0.4x)
Price to Book Ratio
PB vs Industry: INNA is good value based on its PB Ratio (0.5x) compared to the DE Banks industry average (0.8x).
How is ING Groep forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: INNA's forecast earnings growth (17.8% per year) is above the savings rate (0.2%).
Earnings vs Market: INNA's earnings (17.8% per year) are forecast to grow slower than the German market (22.3% per year).
High Growth Earnings: INNA's earnings are forecast to grow, but not significantly.
Revenue vs Market: INNA's revenue (1.9% per year) is forecast to grow slower than the German market (5.9% per year).
High Growth Revenue: INNA's revenue (1.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: INNA's Return on Equity is forecast to be low in 3 years time (6.4%).
How has ING Groep performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: INNA has high quality earnings.
Growing Profit Margin: INNA's current net profit margins (22.2%) are lower than last year (26.5%).
Past Earnings Growth Analysis
Earnings Trend: INNA's earnings have grown by 2% per year over the past 5 years.
Accelerating Growth: INNA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: INNA had negative earnings growth (-25.8%) over the past year, making it difficult to compare to the Banks industry average (4%).
Return on Equity
High ROE: INNA's Return on Equity (6.4%) is considered low.
How is ING Groep's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: INNA's Assets to Equity ratio (17.1x) is moderate.
Allowance for Bad Loans: INNA has a low allowance for bad loans (44%).
Low Risk Liabilities: 71% of INNA's liabilities are made up of primarily low risk sources of funding.
Loan Level: INNA has an appropriate level of Loans to Assets ratio (70%).
Low Risk Deposits: INNA's Loans to Deposits ratio (104%) is appropriate.
Level of Bad Loans: INNA has an appropriate level of bad loans (1.7%).
What is ING Groep current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate INNA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate INNA's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if INNA's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if INNA's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: INNA is not paying a notable dividend for the German market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of INNA's dividend in 3 years as they are not forecast to pay a notable one for the German market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Steven J. Van Rijswijk (50yo)
Mr. Steven J. A. Van Rijswijk serves as Chief Executive Officer at ING Bank NV since June 2020. He served as Chief Risk Officer of ING Bank N.V. since August 01, 2017 until June 2020. He served as Chief Ri ...
CEO Compensation Analysis
Compensation vs Market: Steven J.'s total compensation ($USD2.02M) is below average for companies of similar size in the German market ($USD5.36M).
Compensation vs Earnings: Steven J.'s compensation has been consistent with company performance over the past year.
|CEO & Chairman of the Executive Board||no data||€1.79m||0.0019% €486.2k|
|CFO & Member of Executive Board||1.42yrs||€1.59m||0.00034% €85.2k|
|Head of Corporate Finance Benelux||no data||no data||no data|
|Head of Investor Relations||no data||no data||no data|
|Head of Legal Department||no data||no data||no data|
|Global Head of Communications||no data||no data||no data|
|Co-Head of Global Debt Syndicate||no data||no data||no data|
|Co-Head of Global Securities Finance Business||no data||no data||no data|
|Head of Real Estate Finance of Asia Pacific - Wholesale Banking||13.83yrs||no data||no data|
|MD & Head of Leveraged Finance||13.5yrs||no data||no data|
Experienced Management: INNA's management team is seasoned and experienced (13.5 years average tenure).
|Chairman of ING Netherlands and Chief Executive Officer of ING Germany||no data||no data||no data|
|Chairman of ING US and Chief Executive of ING US||no data||no data||no data|
|Independent Chairman of Supervisory Board||2.25yrs||€202.00k||no data|
|Independent Member of the Supervisory Board||5.17yrs||€119.00k||no data|
|Independent Vice Chairman of the Supervisory Board||0.25yr||€73.00k||no data|
|Independent Member of Supervisory Board||0.75yr||€30.00k||no data|
|Independent Member of the Supervisory Board||2.17yrs||€98.00k||0.000020% €5.0k|
|Independent Member of the Supervisory Board||2.83yrs||€99.00k||no data|
|Independent Members of the Supervisory Board||0.25yr||no data||no data|
|Members of the Supervisory Board||0.25yr||no data||0.000040% €10.0k|
Experienced Board: INNA's board of directors are not considered experienced ( 1.5 years average tenure), which suggests a new board.
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.
ING Groep N.V.'s company bio, employee growth, exchange listings and data sources
- Name: ING Groep N.V.
- Ticker: INNA
- Exchange: XTRA
- Founded: 1991
- Industry: Diversified Banks
- Sector: Banks
- Market Cap: €25.063b
- Shares outstanding: 3.90b
- Website: https://www.ing.com
Number of Employees
- ING Groep N.V.
- Bijlmerdreef 106
- 1102 CT
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|INGAA||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||EUR||Mar 1991|
|INGA||ENXTAM (Euronext Amsterdam)||Yes||Ordinary Shares||NL||EUR||Mar 1991|
|INGA||SWX (SIX Swiss Exchange)||Yes||Ordinary Shares||CH||CHF||Mar 1991|
|INN1||XTRA (XETRA Trading Platform)||Yes||Ordinary Shares||DE||EUR||Mar 1991|
|INGV.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Mar 1991|
|INGA||WBAG (Wiener Boerse AG)||Yes||Ordinary Shares||AT||EUR||Mar 1991|
|0RIC||LSE (London Stock Exchange)||CERTIFICAAT VAN AANDEEL EUR0.24||GB||EUR||Jan 1992|
|INGA||BIT (Borsa Italiana)||CERTIFICAAT VAN AANDEEL EUR0.24||IT||EUR||Jan 1992|
|ING||NYSE (New York Stock Exchange)||SPONS ADR-EACH REPR 1 ORD EUR0.24(MGT)||US||USD||Sep 1995|
|ING N||BMV (Bolsa Mexicana de Valores)||SPONS ADR-EACH REPR 1 ORD EUR0.24(MGT)||MX||MXN||Sep 1995|
|INNA||DB (Deutsche Boerse AG)||SPONS ADR-EACH REPR 1 ORD EUR0.24(MGT)||DE||EUR||Sep 1995|
|INNA||XTRA (XETRA Trading Platform)||SPONS ADR-EACH REPR 1 ORD EUR0.24(MGT)||DE||EUR||Sep 1995|
|0A2K||LSE (London Stock Exchange)||SPONS ADR-EACH REPR 1 ORD EUR0.24(MGT)||GB||USD||Sep 1995|
ING Groep N.V., a financial institution, provides various banking products and services to individuals, small and medium-sized enterprises, and mid-corporates. It operates in Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, and Wholesale Banking segments. The company accepts various deposits, such as current and savings accounts; and offers business lending products, as well as consumer lending products, such as residential mortgage loans, term loans, and revolver and personal loans. It also provides mortgage, payment, savings, investment, secured and unsecured lending, and insurance products and services. In addition, the company offers specialized lending, corporate finance, and debt and equity markets solutions, as well as working capital, cash management, and trade and treasury services; and financial market, trade finance, and overdraft services. The company operates in the Netherlands, Belgium, North America, Latin America, Asia, Australia, and rest of Europe. ING Groep N.V. was founded in 1991 and is headquartered in Amsterdam, the Netherlands.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/07/06 21:50|
|End of Day Share Price||2020/07/06 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.