NN Group (OTCPK:NNGP.F) Stock Valuation, Peer Comparison & Price Targets

Q: What is the Fair Price of NNGP.F when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

NNGP.F ($47.79) is trading below our estimate of [[fair value]] ($103.64)

Share Price vs Fair Value

What is the Fair Price of NNGP.F when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: NNGP.F ($47.79) is trading below our estimate of fair value ($103.64)

Significantly Below Fair Value: NNGP.F is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for NNGP.F?

Key metric: As NNGP.F is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for NNGP.F. This is calculated by dividing NNGP.F's market cap by their current earnings.
What is NNGP.F's PE Ratio?
PE Ratio	10.5x
Earnings	€1.17b
Market Cap	€12.28b

NNGP.F key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	1.7x
Enterprise Value/EBITDA	10.6x
PEG Ratio	0.9x

Price to Earnings Ratio vs Peers

How does NNGP.F's PE Ratio compare to its peers?

The above table shows the PE ratio for NNGP.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	13.5x
UNM Unum Group	7.9x	-3.9%	US$13.8b
PRI Primerica	14.6x	6.8%	US$9.9b
LNC Lincoln National	23x	19.2%	US$5.9b
GL Globe Life	8.5x	3.7%	US$9.1b
NNGP.F NN Group	10.5x	12.1%	US$12.3b

Price-To-Earnings vs Peers: NNGP.F is good value based on its Price-To-Earnings Ratio (10.5x) compared to the peer average (13.3x).

Price to Earnings Ratio vs Industry

How does NNGP.F's PE Ratio compare vs other companies in the US Insurance Industry?

3 Companies	Price / Earnings	Estimated Growth	Market Cap
UTGN UTG	2x	n/a	US$89.08m
AORE.F American Overseas Group	2.1x	n/a	US$16.68m
CUII China United Insurance Service	0.0003x	n/a	US$3.13k

No more companies available in this PE range

3 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: NNGP.F is good value based on its Price-To-Earnings Ratio (10.5x) compared to the US Insurance industry average (13.5x).

Price to Earnings Ratio vs Fair Ratio

What is NNGP.F's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

NNGP.F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	10.5x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate NNGP.F's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst NNGP.F forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	n/a	US$54.62 0%	8.2%	US$65.61	US$44.73	n/a	16
Nov ’25	n/a	US$56.11 0%	9.5%	US$68.44	US$46.66	n/a	16
Oct ’25	US$50.59	US$57.44 +13.6%	9.5%	US$69.98	US$47.71	n/a	16
Sep ’25	US$49.04	US$57.23 +16.7%	9.9%	US$69.63	US$47.47	n/a	16
Aug ’25	n/a	US$56.01 0%	11.3%	US$67.56	US$45.33	n/a	15
Jul ’25	US$46.77	US$53.74 +14.9%	12.5%	US$66.57	US$43.54	n/a	16
Jun ’25	US$46.43	US$53.54 +15.3%	11.0%	US$63.00	US$44.04	n/a	16
May ’25	US$46.68	US$53.00 +13.5%	11.6%	US$63.04	US$44.07	n/a	16
Apr ’25	US$46.21	US$53.00 +14.7%	11.6%	US$63.04	US$44.07	n/a	16
Mar ’25	US$41.46	US$51.61 +24.5%	12.1%	US$62.48	US$40.76	n/a	16
Feb ’25	US$41.45	US$51.53 +24.3%	12.1%	US$62.96	US$41.08	n/a	16
Jan ’25	US$39.13	US$49.99 +27.8%	12.8%	US$59.20	US$35.37	n/a	16
Dec ’24	US$37.16	US$50.27 +35.3%	13.4%	US$59.82	US$35.74	n/a	16
Nov ’24	US$31.82	US$50.18 +57.7%	12.0%	US$58.37	US$39.22	n/a	16
Oct ’24	US$32.07	US$50.61 +57.8%	12.3%	US$58.94	US$39.03	US$50.59	16
Sep ’24	US$39.19	US$53.07 +35.4%	11.2%	US$60.94	US$39.41	US$49.04	16
Aug ’24	US$38.50	US$52.48 +36.3%	11.2%	US$61.51	US$39.79	n/a	14
Jul ’24	US$36.74	US$52.28 +42.3%	10.6%	US$60.78	US$40.45	US$46.77	16
Jun ’24	US$36.02	US$52.04 +44.5%	9.7%	US$59.86	US$39.84	US$46.43	16
May ’24	US$37.35	US$54.01 +44.6%	8.1%	US$61.62	US$46.94	US$46.68	16
Apr ’24	US$36.26	US$53.12 +46.5%	8.3%	US$60.53	US$46.10	US$46.21	15
Mar ’24	US$40.82	US$52.35 +28.2%	8.2%	US$59.42	US$45.26	US$41.46	16
Feb ’24	US$43.66	US$53.34 +22.2%	8.4%	US$59.59	US$46.05	US$41.45	16
Jan ’24	US$41.65	US$52.23 +25.4%	6.7%	US$56.88	US$45.92	US$39.13	16
Dec ’23	US$41.76	US$50.89 +21.9%	6.6%	US$55.64	US$44.91	US$37.16	15
Nov ’23	US$42.02	US$50.35 +19.8%	9.0%	US$59.27	US$44.45	US$31.82	16

Analyst Forecast: Target price is less than 20% higher than the current share price.

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NN Group Valuation