NN Group
Market Cap
€11.8b
Last Updated
2019/11/19 21:30 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.
Snowflake
Undervalued second-rate dividend payer.
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 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-1.2%
NN
-0.9%
NL Insurance
-0.5%
NL Market
1 Year Return
-5.0%
NN
13.4%
NL Insurance
12.5%
NL Market
Return vs Industry: NN underperformed the Dutch Insurance industry which returned 13.4% over the past year.
Return vs Market: NN underperformed the Dutch Market which returned 12.5% over the past year.
Shareholder returns
| NN | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.2% | -0.9% | -0.5% |
| 30 Day | 5.1% | 0.8% | 1.7% |
| 90 Day | 16.0% | 7.9% | 6.0% |
| 1 Year | 0.9%-5.0% | 20.8%13.4% | 17.6%12.5% |
| 3 Year | 35.2%16.0% | 43.3%22.3% | 44.9%28.5% |
| 5 Year | 85.7%44.4% | 61.4%23.8% | 63.7%30.7% |
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 week ago | Simply Wall St
Here's How P/E Ratios Can Help Us Understand NN Group N.V. (AMS:NN)4 weeks ago | Simply Wall St
Do Directors Own NN Group N.V. (AMS:NN) Shares?1 month ago | Simply Wall St
Is NN Group N.V. (AMS:NN) A Smart Pick For Income Investors?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: NN (€35.24) is trading below our estimate of fair value (€82.86)
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 (11.3x) compared to the Insurance industry average (12x).
PE vs Market: NN is good value based on its PE Ratio (11.3x) compared to the Dutch market (20.5x).
Price to Earnings Growth Ratio
PEG Ratio: NN's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
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 (1.2x).
Next Steps
Future Growth
How is NN Group forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
-3.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NN's earnings are forecast to decline over the next 3 years (-3.1% per year).
Earnings vs Market: NN's earnings are forecast to decline over the next 3 years (-3.1% per year).
High Growth Earnings: NN's earnings are forecast to decline over the next 3 years.
Revenue vs Market: NN's revenue is expected to decline over the next 3 years (-7.4% per year).
High Growth Revenue: NN's revenue is forecast to decline over the next 3 years (-7.4% 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 (5.2%).
Next Steps
Past Performance
How has NN Group performed over the past 5 years?
11.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NN has large one-off items impacting its financial results.
Growing Profit Margin: NN's current net profit margins (5%) are lower than last year (11.7%).
Past Earnings Growth Analysis
Earnings Trend: NN has become profitable over the past 5 years, growing earnings by 11.2% per year.
Accelerating Growth: NN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: NN had negative earnings growth (-54.5%) over the past year, making it difficult to compare to the Insurance industry average (8.3%).
Return on Equity
High ROE: NN's Return on Equity (3%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is NN Group'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: NN has a low level of unsold assets or inventory.
Debt Coverage by Assets: NN's debt is covered by short term assets (assets are 2.9x debt).
Financial Institutions Analysis
Asset Level: NN's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if NN has a sufficient allowance for bad loans.
Low Risk Liabilities: NN reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if NN has an acceptable proportion of non-loan assets held.
Low Risk Deposits: NN has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if NN has an appropriate level of bad loans.
Next Steps
Dividend
What is NN Group's current dividend yield, its reliability and sustainability?
5.68%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: NN's dividend (5.68%) is higher than the bottom 25% of dividend payers in the Dutch market (2.12%).
High Dividend: NN's dividend (5.68%) is low compared to the top 25% of dividend payers in the Dutch market (5.77%).
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 4 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (64%), 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 (53.3% payout ratio).
Next Steps
Management
What is the CEO of NN Group's salary, the management and board of directors tenure and is there insider trading?
1.2yrs
Average management tenure
CEO
David Knibbe (48yo)
0.08yrs
Tenure
Dr. David E. Knibbe has been Chief Executive Officer and Chairman of the Executive Board at NN Group NV since October 1, 2019. Dr. Knibbe served as Member of Supervisory Board of Nationale-Nederlanden Bank ...
Management Age and Tenure
1.2yrs
Average Tenure
50yo
Average Age
Experienced Management: NN's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.
Board Age and Tenure
3.8yrs
Average Tenure
64.5yo
Average Age
Experienced Board: NN's board of directors are considered experienced (3.8 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 | Vice Chairman of Management Board Vice Chairman of Executive Board & CFO |
| Shares | 288 |
| Max Price | €38.45 |
| Entity | Individual |
| Shares | 382 |
| Max Price | €38.45 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Delfin Arroyo (55yo)
Vice Chairman of Management Board & CFO
- Tenure: 5.3yrs
- Compensation: €2.84m
Delfin Arroyo (55yo)
Vice Chairman of Executive Board & CFO
- Tenure: 5.3yrs
- Compensation: €2.16m
David Knibbe (48yo)
Chairman of Executive Board & CEO
- Tenure: 0.08yrs
Satish S. Bapat (53yo)
Member of Management Board & Interim CEO of NN Investment Partners
- Tenure: 2.6yrs
Tjeerd Bosklopper (44yo)
CEO Netherlands & Member of Management Board
- Tenure: 1.2yrs
Fabian Rupprecht (50yo)
CEO of International Insurance & Member of Management Board
- Tenure: 1.2yrs
Jan-Hendrik Erasmus (39yo)
Chief Risk Officer & Member of Management Board
- Tenure: 3.2yrs
Karin de Jong
Head of Investor Relations
- Tenure: 0yrs
Dailah Nihot (46yo)
Chief of Organisation and Corporate Relations & Member of Management Board
- Tenure: 1.2yrs
Janet Stuijt (50yo)
General Counsel
- Tenure: 1.2yrs
Board Members
Rob Ruijter (68yo)
Supervisory Board Member
- Tenure: 2.4yrs
- Compensation: €98.01k
Dick Harryvan (66yo)
Supervisory Board Vice Chairman
- Tenure: 3.8yrs
- Compensation: €121.61k
David Cole (58yo)
Chair of the Supervisory Board
- Tenure: 0.5yrs
Robert Jenkins (68yo)
Supervisory Board Member
- Tenure: 3.8yrs
- Compensation: €122.21k
Hélène Vletter-van Dort (55yo)
Supervisory Board Member
- Tenure: 4.1yrs
- Compensation: €98.01k
Clara-Christina F. Streit (51yo)
Supervisory Board Member
- Tenure: 2.4yrs
- Compensation: €117.37k
Heijo Gottfried Hauser (64yo)
Supervisory Board Member
- Tenure: 5.3yrs
- Compensation: €136.73k
Hans Schoen (65yo)
Supervisory Board Member
- Tenure: 5.3yrs
- Compensation: €102.85k
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: €11.805b
- Shares outstanding: 334.99m
- 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 |
| 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 | 2019/11/19 21:30 |
| End of Day Share Price | 2019/11/19 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.