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Market Cap

€13.1b

Last Updated

2021/04/10 18:07 UTC

Data Sources

Company Financials +

Executive Summary

NN Group N.V., a financial services company, primarily provides life insurance products in the Netherlands, rest of Europe, the United States, the United Kingdom, Asia, and internationally. More Details


Snowflake Analysis

Undervalued with excellent balance sheet and pays a dividend.


Similar Companies

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: NNA is less volatile than 75% of UK stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: NNA's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

0%

NNA

1.2%

GB Insurance

2.4%

GB Market


1 Year Return

65.4%

NNA

38.6%

GB Insurance

24.0%

GB Market

Return vs Industry: NNA exceeded the UK Insurance industry which returned 38.5% over the past year.

Return vs Market: NNA exceeded the UK Market which returned 24.4% over the past year.


Shareholder returns

NNAIndustryMarket
7 Day0%1.2%2.4%
30 Day3.5%2.6%3.2%
90 Day14.9%6.4%2.1%
1 Year77.0%65.4%44.8%38.6%29.9%24.0%
3 Year30.9%10.0%8.0%-10.7%14.9%1.2%
5 Year85.0%39.7%41.8%5.8%42.4%15.4%

Long-Term 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

Valuation

Is NN Group undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: NNA (€41.83) is trading below our estimate of fair value (€87.4)

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


Price To Earnings Ratio

PE vs Industry: NNA is good value based on its PE Ratio (7.2x) compared to the GB Insurance industry average (15.2x).

PE vs Market: NNA is good value based on its PE Ratio (7.2x) compared to the UK market (25.6x).


Price to Earnings Growth Ratio

PEG Ratio: NNA's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: NNA is good value based on its PB Ratio (0.3x) compared to the GB Insurance industry average (1.4x).


Future Growth

How is NN Group forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

-1.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NNA's earnings are forecast to decline over the next 3 years (-1.9% per year).

Earnings vs Market: NNA's earnings are forecast to decline over the next 3 years (-1.9% per year).

High Growth Earnings: NNA's earnings are forecast to decline over the next 3 years.

Revenue vs Market: NNA's revenue is expected to decline over the next 3 years (-7.8% per year).

High Growth Revenue: NNA's revenue is forecast to decline over the next 3 years (-7.8% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: NNA's Return on Equity is forecast to be low in 3 years time (6.2%).


Past Performance

How has NN Group performed over the past 5 years?

3.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NNA has high quality earnings.

Growing Profit Margin: NNA's current net profit margins (9.5%) are higher than last year (9.4%).


Past Earnings Growth Analysis

Earnings Trend: NNA's earnings have grown by 3% per year over the past 5 years.

Accelerating Growth: NNA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: NNA had negative earnings growth (-2.9%) over the past year, making it difficult to compare to the Insurance industry average (-13%).


Return on Equity

High ROE: NNA's Return on Equity (5%) is considered low.


Financial Health

How is NN Group's financial position?


Financial Position Analysis

Short Term Liabilities: NNA's short term assets (€33.2B) exceed its short term liabilities (€32.3B).

Long Term Liabilities: NNA's short term assets (€33.2B) do not cover its long term liabilities (€192.7B).


Debt to Equity History and Analysis

Debt Level: NNA's debt to equity ratio (30%) is considered satisfactory.

Reducing Debt: NNA's debt to equity ratio has reduced from 45% to 30% over the past 5 years.

Debt Coverage: NNA's debt is well covered by operating cash flow (60.3%).

Interest Coverage: NNA's interest payments on its debt are well covered by EBIT (6.4x coverage).


Balance Sheet


Dividend

What is NN Group current dividend yield, its reliability and sustainability?

8.83%

Current Dividend Yield


Upcoming Dividend Payment

TodayApr 11 2021Ex Dividend DateMay 24 2021Dividend Pay DateJun 16 202123 days from Ex DividendBuy in the next 43 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: NNA's dividend (8.83%) is higher than the bottom 25% of dividend payers in the UK market (1.39%).

High Dividend: NNA's dividend (8.83%) is in the top 25% of dividend payers in the UK market (4.24%)


Stability and Growth of Payments

Stable Dividend: NNA has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: NNA's dividend payments have increased, but the company has only paid a dividend for 6 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (63.5%), NNA's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: NNA's dividends in 3 years are forecast to be covered by earnings (55.6% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.6yrs

Average management tenure


CEO

David Knibbe (49 yo)

1.5yrs

Tenure

€2,689,000

Compensation

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 ($USD3.20M) is about average for companies of similar size in the UK market ($USD3.58M).

Compensation vs Earnings: David's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

Experienced Management: NNA's management team is considered experienced (2.6 years average tenure).


Board Members

Experienced Board: NNA's board of directors are considered experienced (5.3 years average tenure).


Ownership

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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

NN Group N.V.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: NN Group N.V.
  • Ticker: NNA
  • Exchange: BATS-CHIXE
  • Founded: 2011
  • Industry: Life and Health Insurance
  • Sector: Insurance
  • Market Cap: €13.085b
  • Shares outstanding: 309.92m
  • Website: https://www.nn-group.com

Number of Employees


Location

  • NN Group N.V.
  • Schenkkade 65
  • The Hague
  • Zuid-Holland
  • 2595 AS
  • Netherlands

Listings


Biography

NN Group N.V., a financial services company, primarily provides life insurance products in the Netherlands, rest of Europe, the United States, the United Kingdom, Asia, and internationally. The company ope...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/10 18:07
End of Day Share Price2021/04/01 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.