NYSE:ING

Stock Analysis Report

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.

Snowflake

Fundamentals

Excellent balance sheet, good value and pays a dividend.

Risks

  • ING Groep has significant price volatility in the past 3 months.

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


Market Performance


7 Day Return

-2.4%

NYSE:ING

-1.8%

US Banks

-1.6%

US Market


1 Year Return

-32.9%

NYSE:ING

-16.1%

US Banks

-3.0%

US Market

ING underperformed the Banks industry which returned -16.1% over the past year.

ING underperformed the Market in United States of America which returned -3% over the past year.


Share holder returns

INGIndustryMarket
7 Day-2.4%-1.8%-1.6%
30 Day-19.9%-10.1%-5.7%
90 Day-15.6%-5.0%0.2%
1 Year-29.3%-32.9%-13.7%-16.1%-0.8%-3.0%
3 Year-13.3%-23.6%37.9%28.5%38.1%29.1%
5 Year-18.1%-32.6%49.3%33.2%50.8%34.1%

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

Valuation

Is ING Groep undervalued based on future cash flows and its price relative to the stock market?

37%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

ING Groep's share price is below the future cash flow value, and at a moderate discount (> 20%).

ING Groep's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

ING Groep is good value based on earnings compared to the US Banks industry average.

ING Groep is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

ING Groep is poor value based on expected growth next year.


Price Based on Value of Assets

ING Groep is good value based on assets compared to the US Banks industry average.


Next Steps

Future Growth

How is ING Groep expected to perform in the next 1 to 3 years based on estimates from 19 analysts?

0.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

ING Groep's revenue is expected to grow by 1.9% yearly, however this is not considered high growth (20% yearly).

ING Groep's earnings are expected to grow by 0.8% yearly, however this is not considered high growth (20% yearly).

ING Groep's revenue growth is positive but not above the United States of America market average.

ING Groep's earnings growth is positive but not above the United States of America market average.

ING Groep's earnings growth is positive but not above the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

ING Groep is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has ING Groep performed over the past 5 years?

12.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

ING Groep's year on year earnings growth rate has been positive over the past 5 years.

ING Groep's 1-year earnings growth is negative, it can't be compared to the 5-year average.

ING Groep's 1-year earnings growth is negative, it can't be compared to the US Banks industry average.


Return on Equity

ING Groep has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

ING Groep used its assets less efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if ING Groep improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


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

Information is not available.

Information is not available.


Financial Institutions Analysis

ING Groep has an acceptable proportion of non-loan assets held.

ING Groep has a low allowance for bad loans.

ING Groep's liabilities are made up of primarily low risk sources of funding.

ING Groep's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).

Loans at ING Groep are broadly funded by customer deposits.

ING Groep has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

What is ING Groep's current dividend yield, its reliability and sustainability?

8.50%

Expected Dividend Yield


Dividend Yield and Payments Analysis

ING Groep's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.52%).

ING Groep's dividend is above the markets top 25% of dividend payers in United States of America (3.93%).

ING Groep has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).

Dividend payments have increased, but ING Groep only paid a dividend in the past 4 years.


Current Payout to Shareholders

Dividends paid are covered by earnings (1.8x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be covered by earnings (1.8x coverage).


Next Steps

Management

What is the CEO of ING Groep's salary, the management and board of directors tenure and is there insider trading?

3.8yrs

Average management tenure


CEO

Ralph A. J. Hamers (53yo)

5.8yrs

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

Ralph A. J.'s remuneration is lower than average for companies of similar size in United States of America.

Ralph A. J.'s compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

3.8yrs

Average Tenure

53.5yo

Average Age

The tenure for the ING Groep management team is about average.


Board Age and Tenure

3.1yrs

Average Tenure

63yo

Average Age

The tenure for the ING Groep board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Peter Jong

    Global Head of Communications

    • Tenure: 0.0yrs
  • Tanate Phutrakul (54yo)

    CFO & Member of Executive Board

    • Tenure: 0.5yrs
  • Ricardo Zemella

    Co-Head of Global Debt Syndicate

    • Tenure: 0.0yrs
  • Michael Baudo

    Co-Head of Global Securities Finance Business

    • Tenure: 0.0yrs
  • Ralph A. J. Hamers (53yo)

    Chairman of the Executive Board

    • Tenure: 5.8yrs
    • Compensation: €2.31m
  • Rob Veldhuizen

    Head of Corporate Finance Benelux

    • Tenure: 0.0yrs
  • Roel M. Louwhoff (54yo)

    COO, Chief Transformation Officer & Member of Mgmt. Board Banking

    • Tenure: 5.3yrs
  • Cornelis Blokbergen

    Head of Legal Department

    • Tenure: 0.0yrs
  • Steven J. van Rijswijk (49yo)

    Chief Risk Officer

    • Tenure: 2.3yrs
    • Compensation: €1.57m
  • Mark Milders

    Head of Investor Relations

    • Tenure: 0.0yrs

Board Members

  • Rod Martin (67yo)

    Chairman of ING US and Chief Executive of ING US

    • Tenure: 0.0yrs
  • Hermann-Josef Lamberti (63yo)

    Vice Chairman of the Supervisory Board

    • Tenure: 4.6yrs
    • Compensation: €139.00k
  • Eric F. C. B. de la Giroday (67yo)

    Member of the Supervisory Board

    • Tenure: 5.3yrs
    • Compensation: €108.00k
  • Hans Wijers (68yo)

    Chairman of Supervisory Board

    • Tenure: 1.3yrs
    • Compensation: €185.00k
  • Mariana Gheorghe (63yo)

    Member of the Supervisory Board

    • Tenure: 4.3yrs
    • Compensation: €105.00k
  • Nick Jue (54yo)

    Chairman of ING Netherlands and Chief Executive Officer of ING Germany

    • Tenure: 0.0yrs
  • Mike Rees (63yo)

    Member of Supervisory Board

    • Tenure: 0.3yrs
  • Margarete Haase (66yo)

    Member of the Supervisory Board

    • Tenure: 1.3yrs
    • Compensation: €63.00k
  • Robert W. Reibestein (63yo)

    Member of the Supervisory Board

    • Tenure: 6.6yrs
    • Compensation: €138.00k
  • Jan Balkenende (63yo)

    Member of the Supervisory Board

    • Tenure: 1.9yrs
    • 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: ING
  • Exchange: NYSE
  • Founded: 1991
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: €32.771b
  • Listing Market Cap: €36.506b
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
INGAWBAG (Wiener Boerse AG)YesOrdinary SharesATEURMar 1991
INGV.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDMar 1991
INN1XTRA (XETRA Trading Platform)YesOrdinary SharesDEEURMar 1991
INGAABATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURMar 1991
INGASWX (SIX Swiss Exchange)YesOrdinary SharesCHCHFMar 1991
INGAENXTAM (Euronext Amsterdam)YesOrdinary SharesNLEURMar 1991
0RICLSE (London Stock Exchange)CERTIFICAAT VAN AANDEEL EUR0.24GBEURJan 1992
INGABIT (Borsa Italiana)CERTIFICAAT VAN AANDEEL EUR0.24ITEURJan 1992
ING NBMV (Bolsa Mexicana de Valores)SPONSORED ADRMXMXNSep 1995
INNAXTRA (XETRA Trading Platform)SPONSORED ADRDEEURSep 1995
INNADB (Deutsche Boerse AG)SPONSORED ADRDEEURSep 1995
INGNYSE (New York Stock Exchange)SPONSORED ADRUSUSDSep 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/24 23:39
End of Day Share Price2019/08/23 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.