NN Group
Market Cap
€11.4b
Last Updated
2020/11/27 20:28 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, and Asia. More Details
Rewards
Risk Analysis
Snowflake Analysis
Undervalued with solid track record 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: NN is less volatile than 75% of Dutch stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: NN's weekly volatility (3%) has been stable over the past year.
Market Performance
7 Day Return
-0.3%
NN
1.3%
NL Insurance
2.9%
NL Market
1 Year Return
-1.2%
NN
-13.0%
NL Insurance
-0.6%
NL Market
Return vs Industry: NN exceeded the Dutch Insurance industry which returned -13% over the past year.
Return vs Market: NN matched the Dutch Market which returned -0.6% over the past year.
Shareholder returns
| NN | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.3% | 1.3% | 2.9% |
| 30 Day | 15.1% | 22.2% | 12.4% |
| 90 Day | 7.4% | 7.7% | 9.9% |
| 1 Year | 5.8%-1.2% | -8.8%-13.0% | 1.8%-0.6% |
| 3 Year | 12.1%-5.7% | 8.3%-7.5% | 8.8%-2.2% |
| 5 Year | 44.4%9.0% | 30.0%0.2% | 41.9%16.3% |
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
1 month ago | Simply Wall St
How Does NN Group N.V. (AMS:NN) Fare As A Dividend Stock?1 month ago | Simply Wall St
Why Investors Shouldn't Be Surprised By NN Group N.V.'s (AMS:NN) Low P/E2 months ago | Simply Wall St
NN Group (AMS:NN) Has Compensated Shareholders With A Respectable 63% Return On Their InvestmentValuation
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: NN (€34.42) is trading below our estimate of fair value (€83.25)
Significantly Below Fair Value: NN is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: NN is good value based on its PE Ratio (8.1x) compared to the XE Insurance industry average (11.5x).
PE vs Market: NN is good value based on its PE Ratio (8.1x) compared to the Dutch market (24.7x).
Price to Earnings Growth Ratio
PEG Ratio: NN is poor value based on its PEG Ratio (1x)
Price to Book Ratio
PB vs Industry: NN is good value based on its PB Ratio (0.3x) compared to the XE Insurance industry average (1x).
Next Steps
Future Growth
How is NN Group forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?
7.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NN's forecast earnings growth (7.7% per year) is above the savings rate (0.4%).
Earnings vs Market: NN's earnings (7.7% per year) are forecast to grow slower than the Dutch market (28.3% per year).
High Growth Earnings: NN's earnings are forecast to grow, but not significantly.
Revenue vs Market: NN's revenue (0.3% per year) is forecast to grow slower than the Dutch market (10% per year).
High Growth Revenue: NN's revenue (0.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: NN's Return on Equity is forecast to be low in 3 years time (5.9%).
Next Steps
Past Performance
How has NN Group performed over the past 5 years?
2.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NN has high quality earnings.
Growing Profit Margin: NN's current net profit margins (7%) are higher than last year (6.5%).
Past Earnings Growth Analysis
Earnings Trend: NN's earnings have grown by 2.8% per year over the past 5 years.
Accelerating Growth: NN's earnings growth over the past year (4.6%) exceeds its 5-year average (2.8% per year).
Earnings vs Industry: NN earnings growth over the past year (4.6%) exceeded the Insurance industry -5.8%.
Return on Equity
High ROE: NN's Return on Equity (3.9%) is considered low.
Next Steps
Financial Health
How is NN Group's financial position?
Financial Position Analysis
Short Term Liabilities: NN's short term assets (€35.0B) exceed its short term liabilities (€21.8B).
Long Term Liabilities: NN's short term assets (€35.0B) do not cover its long term liabilities (€203.3B).
Debt to Equity History and Analysis
Debt Level: NN's debt to equity ratio (29.9%) is considered satisfactory.
Reducing Debt: NN's debt to equity ratio has reduced from 42.5% to 29.9% over the past 5 years.
Debt Coverage: NN's debt is well covered by operating cash flow (43.7%).
Interest Coverage: NN's interest payments on its debt are well covered by EBIT (4.5x coverage).
Balance Sheet
Next Steps
Dividend
What is NN Group current dividend yield, its reliability and sustainability?
6.57%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: NN's dividend (6.57%) is higher than the bottom 25% of dividend payers in the Dutch market (1.87%).
High Dividend: NN's dividend (6.57%) is in the top 25% of dividend payers in the Dutch market (4.93%)
Stability and Growth of Payments
Stable Dividend: NN has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: NN'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 (53%), NN's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: NN's dividends in 3 years are forecast to be covered by earnings (55.3% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.2yrs
Average management tenure
CEO
David Knibbe (49 yo)
1.08yrs
Tenure
€2,006,000
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 ($USD2.40M) is below average for companies of similar size in the Dutch market ($USD5.19M).
Compensation vs Earnings: Insufficient data to compare David's compensation with company performance.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of Executive Board & CEO | 1.08yrs | €2.01m | 0.0095% € 1.1m | |
| Vice Chairman of Management Board & CFO | 6.67yrs | €2.36m | 0.015% € 1.7m | |
| CEO of Netherlands Non-life | 2.17yrs | no data | no data | |
| Member of Management Board | 3.58yrs | no data | no data | |
| Chief of Organization & Corporate Relations and Member of Management Board | 2.17yrs | no data | no data | |
| CEO of International Insurance & Member of Management Board | 2.17yrs | no data | no data | |
| General Counsel | 2.17yrs | no data | no data | |
| Chief Risk Officer & Member of the Management Board | 0.42yr | no data | no data | |
| CEO of Netherlands Life & Pensions and Member of the Management Board | 0.42yr | no data | no data | |
| Head of Investor Relations | no data | no data | no data | |
| Chief Executive Officer of NN Belgium | 4.33yrs | no data | no data | |
| Chief Risk Officer of Bank Business Unit | 1.83yrs | no data | no data |
2.2yrs
Average Tenure
51yo
Average Age
Experienced Management: NN's management team is considered experienced (2.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chair of the Supervisory Board | 1.5yrs | €158.81k | no data | |
| Independent Supervisory Board Member | 4.75yrs | €122.21k | no data | |
| Independent Vice-Chair of the Supervisory Board | 5.08yrs | €102.95k | no data | |
| Independent Supervisory Board Member | 3.42yrs | €122.21k | no data | |
| Supervisory Board Member | 6.33yrs | €131.89k | no data | |
| Supervisory Board Member | 6.33yrs | €102.85k | no data |
4.9yrs
Average Tenure
62yo
Average Age
Experienced Board: NN's board of directors are considered experienced (4.9 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: NN
- Exchange: ENXTAM
- Founded: 2011
- Industry: Life and Health Insurance
- Sector: Insurance
- Market Cap: €11.368b
- Shares outstanding: 330.28m
- Website: https://www.nn-group.com
Number of Employees
Location
- NN Group N.V.
- Schenkkade 65
- The Hague
- Zuid-Holland
- 2595 AS
- Netherlands
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| NN | ENXTAM (Euronext Amsterdam) | Yes | Ordinary Shares | NL | EUR | Jul 2014 |
| NNA | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | EUR | Jul 2014 |
| 2NN | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Jul 2014 |
| 0QVV | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | EUR | Jul 2014 |
| NNGP.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Jul 2014 |
| NN | WBAG (Wiener Boerse AG) | Yes | Ordinary Shares | AT | EUR | Jul 2014 |
| 2NN | ETLX (Eurotlx) | Yes | Ordinary Shares | IT | EUR | Jul 2014 |
| NNGR.Y | OTCPK (Pink Sheets LLC) | UNSPONSOD ADR | US | USD | Jan 2017 |
Biography
NN Group N.V., a financial services company, primarily provides life insurance products in the Netherlands, rest of Europe, the United States, and Asia. The company operates through seven segments: Netherl...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/11/27 20:28 |
| End of Day Share Price | 2020/11/27 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.