NN Group
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
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 1.9% per year for the next 3 years
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
| NNA | Industry | Market | |
|---|---|---|---|
| 7 Day | 0% | 1.2% | 2.4% |
| 30 Day | 3.5% | 2.6% | 3.2% |
| 90 Day | 14.9% | 6.4% | 2.1% |
| 1 Year | 77.0%65.4% | 44.8%38.6% | 29.9%24.0% |
| 3 Year | 30.9%10.0% | 8.0%-10.7% | 14.9%1.2% |
| 5 Year | 85.0%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
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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/04/10 18:07 |
| End of Day Share Price | 2021/04/01 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.