ING Groep N.V., a financial institution, provides various banking products and services to individuals, small and medium-sized enterprises, and mid-corporates. More Details
Excellent balance sheet and slightly overvalued.
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: INGA is not significantly more volatile than the rest of Dutch stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: INGA's weekly volatility (3%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: INGA exceeded the Dutch Banks industry which returned 32.1% over the past year.
Return vs Market: INGA exceeded the Dutch Market which returned 27.5% over the past year.
Long-Term 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
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: INGA (€11.1) is trading below our estimate of fair value (€12.28)
Significantly Below Fair Value: INGA is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: INGA is poor value based on its PE Ratio (15.4x) compared to the European Banks industry average (12.2x).
PE vs Market: INGA is good value based on its PE Ratio (15.4x) compared to the Dutch market (29.3x).
Price to Earnings Growth Ratio
PEG Ratio: INGA is poor value based on its PEG Ratio (2.2x)
Price to Book Ratio
PB vs Industry: INGA is overvalued based on its PB Ratio (0.8x) compared to the XE Banks industry average (0.7x).
How is ING Groep forecast to perform in the next 1 to 3 years based on estimates from 18 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: INGA's forecast earnings growth (6.9% per year) is above the savings rate (0.1%).
Earnings vs Market: INGA's earnings (6.9% per year) are forecast to grow slower than the Dutch market (17.3% per year).
High Growth Earnings: INGA's earnings are forecast to grow, but not significantly.
Revenue vs Market: INGA's revenue (3.1% per year) is forecast to grow slower than the Dutch market (6.7% per year).
High Growth Revenue: INGA's revenue (3.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: INGA's Return on Equity is forecast to be low in 3 years time (8.3%).
How has ING Groep performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: INGA has a large one-off loss of €1.5B impacting its March 31 2021 financial results.
Growing Profit Margin: INGA's current net profit margins (18%) are lower than last year (22.2%).
Past Earnings Growth Analysis
Earnings Trend: INGA's earnings have declined by 9.7% per year over the past 5 years.
Accelerating Growth: INGA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: INGA had negative earnings growth (-18.4%) over the past year, making it difficult to compare to the Banks industry average (2.9%).
Return on Equity
High ROE: INGA's Return on Equity (5.2%) 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: INGA's Assets to Equity ratio (17.5x) is moderate.
Allowance for Bad Loans: INGA has a low allowance for bad loans (45%).
Low Risk Liabilities: 77% of INGA's liabilities are made up of primarily low risk sources of funding.
Loan Level: INGA has an appropriate level of Loans to Assets ratio (66%).
Low Risk Deposits: INGA's Loans to Deposits ratio (91%) is appropriate.
Level of Bad Loans: INGA has an appropriate level of bad loans (2%).
What is ING Groep current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: INGA's dividend (1.08%) isn’t notable compared to the bottom 25% of dividend payers in the Dutch market (1.55%).
High Dividend: INGA's dividend (1.08%) is low compared to the top 25% of dividend payers in the Dutch market (4.57%).
Stability and Growth of Payments
Stable Dividend: INGA has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: INGA has only been paying a dividend for 6 years, and since then payments have not increased.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (16.6%), INGA's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: INGA's dividends in 3 years are forecast to be covered by earnings (64.3% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Steven J. van Rijswijk (50 yo)
Mr. Steven J. A. van Rijswijk serves as the Chief Executive Officer and Chairman of the Managing Board Banking at ING Bank NV since July 1, 2020. He served as Chief Risk Officer of ING Bank N.V. since Augu...
CEO Compensation Analysis
Compensation vs Market: Steven J.'s total compensation ($USD2.30M) is about average for companies of similar size in the Dutch market ($USD3.12M).
Compensation vs Earnings: Steven J.'s compensation has been consistent with company performance over the past year.
Experienced Management: INGA's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.
Experienced Board: INGA's board of directors are not considered experienced ( 1.2 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: INGA insiders have only sold shares in the past 3 months.
Recent Insider Transactions
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: INGA
- Exchange: ENXTAM
- Founded: 1762
- Industry: Diversified Banks
- Sector: Banks
- Market Cap: €43.664b
- Shares outstanding: 3.90b
- Website: https://www.ing.com
Number of Employees
- ING Groep N.V.
- Bijlmerdreef 106
- 1102 CT
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 Bel...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/06/22 21:28|
|End of Day Share Price||2021/06/22 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.