ING Groep
Market Cap
€40.2b
Last Updated
2019/12/06 22:06 UTC
Data Sources
Company Financials +
Executive Summary
ING Groep N.V., a financial institution, provides various banking products and services to individuals, small and medium-sized enterprises, and mid-corporates.
Rewards
Risk Analysis
Earnings are forecast to decline by an average of -1.1% per year for the next 3 years
Snowflake Analysis
Excellent balance sheet with solid track record and pays a dividend.
Similar Companies
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 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-0.2%
INGA
-0.03%
NL Banks
0.5%
NL Market
1 Year Return
3.0%
INGA
0.5%
NL Banks
14.5%
NL Market
Return vs Industry: INGA exceeded the Dutch Banks industry which returned 0.5% over the past year.
Return vs Market: INGA underperformed the Dutch Market which returned 14.5% over the past year.
Shareholder returns
| INGA | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.2% | -0.03% | 0.5% |
| 30 Day | -1.5% | -1.6% | -0.1% |
| 90 Day | 14.8% | 7.6% | 4.0% |
| 1 Year | 9.8%3.0% | 6.3%0.5% | 19.7%14.5% |
| 3 Year | -10.5%-23.5% | 0.9%-14.6% | 41.2%25.1% |
| 5 Year | 22.6%-3.6% | -5.6%-28.4% | 73.9%39.2% |
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
1 day ago | Simply Wall St
Should You Worry About ING Groep N.V.'s (AMS:INGA) CEO Salary Level?2 weeks ago | Simply Wall St
At €10.42, Is It Time To Put ING Groep N.V. (AMS:INGA) On Your Watch List?1 month ago | Simply Wall St
Here's What Analysts Are Forecasting For ING Groep N.V. After Its Latest Third-Quarter ResultsValuation
Is ING Groep undervalued compared to its fair value and its price relative to the market?
18.4%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: INGA (€10.43) is trading below our estimate of fair value (€12.77)
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 good value based on its PE Ratio (7.8x) compared to the Banks industry average (9.1x).
PE vs Market: INGA is good value based on its PE Ratio (7.8x) compared to the Dutch market (20.5x).
Price to Earnings Growth Ratio
PEG Ratio: INGA's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
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).
Next Steps
Future Growth
How is ING Groep forecast to perform in the next 1 to 3 years based on estimates from 20 analysts?
-1.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: INGA's earnings are forecast to decline over the next 3 years (-1.1% per year).
Earnings vs Market: INGA's earnings are forecast to decline over the next 3 years (-1.1% per year).
High Growth Earnings: INGA's earnings are forecast to decline over the next 3 years.
Revenue vs Market: INGA's revenue (1.2% per year) is forecast to grow slower than the Dutch market (5.5% per year).
High Growth Revenue: INGA's revenue (1.2% 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 (9.2%).
Next Steps
Past Performance
How has ING Groep performed over the past 5 years?
10.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: INGA has high quality earnings.
Growing Profit Margin: INGA's current net profit margins (29.7%) are higher than last year (25.4%).
Past Earnings Growth Analysis
Earnings Trend: INGA's earnings have grown by 10.1% per year over the past 5 years.
Accelerating Growth: INGA's earnings growth over the past year (17.7%) exceeds its 5-year average (10.1% per year).
Earnings vs Industry: INGA earnings growth over the past year (17.7%) exceeded the Banks industry 6.4%.
Return on Equity
High ROE: INGA's Return on Equity (9.8%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
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
Balance Sheet
Inventory Level: INGA has a low level of unsold assets or inventory.
Debt Coverage by Assets: INGA's debt is not covered by short term assets (assets are 0.6x debt).
Financial Institutions Analysis
Asset Level: INGA's level of assets compared to its equity is moderate.
Allowance for Bad Loans: INGA has a low allowance for bad loans.
Low Risk Liabilities: INGA's liabilities are made up of primarily low risk sources of funding.
Loan Level: INGA has an acceptable proportion of non-loan assets held.
Low Risk Deposits: INGA's loans are broadly funded by customer deposits.
Level of Bad Loans: INGA has an appropriate level of bad loans (1.7%)
Next Steps
Dividend
What is ING Groep's current dividend yield, its reliability and sustainability?
6.52%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: INGA's dividend (6.52%) is higher than the bottom 25% of dividend payers in the Dutch market (2.19%).
High Dividend: INGA's dividend (6.52%) is in the top 25% of dividend payers in the Dutch market (5.65%)
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's dividend payments have increased, but the company has only paid a dividend for 5 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (50.6%), INGA's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: INGA's dividends in 3 years are forecast to be covered by earnings (56.1% payout ratio).
Next Steps
Management
What is the CEO of ING Groep's salary, the management and board of directors tenure and is there insider trading?
4.1yrs
Average management tenure
CEO
Ralph A. J. Hamers (53yo)
6.2yrs
Tenure
€2,311,000
Compensation
Mr. Ralph A. J. G. Hamers has been Head of Market Leaders since July 2019 and has been the Chairman of Executive Board and Group Chief Executive Officer at ING Groep N.V. since October 1, 2013 and Member o ...
CEO Compensation Analysis
Compensation vs Market: Ralph A. J.'s total compensation ($USD2.56M) is below average for companies of similar size in the Dutch market ($USD3.93M).
Compensation vs Earnings: Ralph A. J.'s compensation has been consistent with company performance over the past year.
Management Age and Tenure
4.1yrs
Average Tenure
53.5yo
Average Age
Experienced Management: INGA's management team is considered experienced (4.1 years average tenure).
Board Age and Tenure
3.4yrs
Average Tenure
63yo
Average Age
Experienced Board: INGA's board of directors are considered experienced (3.4 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Member of Management Board Chief Risk Officer |
| Shares | 4,883 |
| Max Price | €10.55 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Peter Jong
Global Head of Communications
- Tenure: 0yrs
Tanate Phutrakul (54yo)
CFO & Member of Executive Board
- Tenure: 0.8yrs
Ricardo Zemella
Co-Head of Global Debt Syndicate
- Tenure: 0yrs
Michael Baudo
Co-Head of Global Securities Finance Business
- Tenure: 0yrs
Ralph A. J. Hamers (53yo)
Chairman of the Executive Board
- Tenure: 6.2yrs
- Compensation: €2.31m
Rob Veldhuizen
Head of Corporate Finance Benelux
- Tenure: 0yrs
Roel M. Louwhoff (54yo)
COO, Chief Transformation Officer & Member of Mgmt. Board Banking
- Tenure: 5.6yrs
Cornelis Blokbergen
Head of Legal Department
- Tenure: 0yrs
Steven J. van Rijswijk (49yo)
Chief Risk Officer
- Tenure: 2.6yrs
- Compensation: €1.57m
Mark Milders
Head of Investor Relations
- Tenure: 0yrs
Board Members
Rod Martin (67yo)
Chairman of ING US and Chief Executive of ING US
- Tenure: 0yrs
Hermann-Josef Lamberti (63yo)
Vice Chairman of the Supervisory Board
- Tenure: 4.9yrs
- Compensation: €139.00k
Eric F. C. B. de la Giroday (67yo)
Member of the Supervisory Board
- Tenure: 5.6yrs
- Compensation: €108.00k
Hans Wijers (68yo)
Chairman of Supervisory Board
- Tenure: 1.7yrs
- Compensation: €185.00k
Mariana Gheorghe (63yo)
Member of the Supervisory Board
- Tenure: 4.6yrs
- Compensation: €105.00k
Nick Jue (54yo)
Chairman of ING Netherlands and Chief Executive Officer of ING Germany
- Tenure: 0yrs
Herna Verhagen (53yo)
Member of Supervisory Board
- Tenure: 0.2yrs
Margarete Haase (66yo)
Member of the Supervisory Board
- Tenure: 1.6yrs
- Compensation: €63.00k
Robert W. Reibestein (63yo)
Member of the Supervisory Board
- Tenure: 6.9yrs
- Compensation: €138.00k
Jan Balkenende (63yo)
Member of the Supervisory Board
- Tenure: 2.3yrs
- Compensation: €99.00k
Company Information
ING Groep N.V.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: ING Groep N.V.
- Ticker: INGA
- Exchange: ENXTAM
- Founded: 1991
- Industry: Diversified Banks
- Sector: Banks
- Market Cap: €40.197b
- Shares outstanding: 3.90b
- Website: https://www.ing.com
Number of Employees
Location
- ING Groep N.V.
- Amsterdamse Poort
- Bijlmerplein 888
- Amsterdam
- Noord-Holland
- 1102 MG
- Netherlands
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| INGA | WBAG (Wiener Boerse AG) | Yes | Ordinary Shares | AT | EUR | Mar 1991 |
| INGV.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Mar 1991 |
| INN1 | XTRA (XETRA Trading Platform) | Yes | Ordinary Shares | DE | EUR | Mar 1991 |
| INGAA | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | EUR | Mar 1991 |
| INGA | SWX (SIX Swiss Exchange) | Yes | Ordinary Shares | CH | CHF | Mar 1991 |
| INGA | ENXTAM (Euronext Amsterdam) | Yes | Ordinary Shares | NL | 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 N | BMV (Bolsa Mexicana de Valores) | SPONS ADR-EACH REPR 1 ORD EUR0.24(MGT) | MX | MXN | Sep 1995 | |
| INNA | XTRA (XETRA Trading Platform) | SPONS ADR-EACH REPR 1 ORD EUR0.24(MGT) | DE | EUR | Sep 1995 | |
| INNA | DB (Deutsche Boerse AG) | SPONS ADR-EACH REPR 1 ORD EUR0.24(MGT) | DE | EUR | Sep 1995 | |
| ING | NYSE (New York Stock Exchange) | SPONS ADR-EACH REPR 1 ORD EUR0.24(MGT) | US | USD | Sep 1995 |
Biography
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 | 2019/12/06 22:06 |
| End of Day Share Price | 2019/12/06 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.