A Business at a Glance
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ING GROEP NV
ING
$101.5B
Mkt Cap
$32.83
+1.20%
ING GROEP NV (ING) has a current P/E ratio of 9.7, compared to its historical median P/E of 7.0. The stock is currently considered Expensive based on its historical valuation range.
ING GROEP NV (ING) has a 5-year average return on invested capital (ROIC) of 13.4%. This indicates solid capital allocation.
ING GROEP NV (ING) has a market capitalization of $101.5B. It is classified as a large-cap stock.
Yes, ING GROEP NV (ING) pays a dividend with a trailing twelve-month yield of 3.83%. The company also returns capital through share buybacks, with a buyback yield of 0.06%.
Based on historical P/E analysis, ING GROEP NV (ING) appears expensive. The current P/E of 9.7 is 39% above its historical median of 7.0. The estimated fair value CAGR (P/E method) is 13.3%.
ING GROEP NV (ING) operates in the Commercial Banks, Nec industry, within the Financials sector.
ING GROEP NV (ING) reported annual revenue of $49.5 billion in its most recent fiscal year, based on SEC EDGAR filings.
Part I Part II Part III Additional information Financial statements Item 4. Information on the Company A. History and development of the company ING Groep N.V. was established as a Naamloze Vennootschap (a Dutch public limited liability company) on March 4, 1991. ING Groep N.V. is incorporated under the laws of the Netherlands. The corporate site of ING, www.ing.com, provides news, investor relations and general information about the company. ING is required to file certain documents and information with the United States Securities and Exchange Commission (SEC). These filings relate primarily to periodic reporting requirements applicable to issuers of securities, as well as to beneficial ownership reporting requirements as a holder of securities. The most common filings we submit to the SEC are Forms 6-K and 20-F (periodic reporting requirements).
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 49.5B | 49.5B | 53.5B | 48.5B | 25.7B | 21.9B |
| Net Income | 8.6B | 8.6B | 5.6B | 4.4B | 12.1B | 6.0B |
| EPS | $2.78 | $2.78 | $1.65 | $1.16 | $3.35 | $1.53 |
| Free Cash Flow | 6.0B | 6.0B | 22.2B | 11.1B | 10.9B | 14.8B |
| ROIC | 1023.3% | 15.8% | 10.2% | 7.8% | 22.1% | 11.3% |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 0.00 | 18.16 | 18.07 | 16.62 | 16.14 | 16.98 |
| Dividends/Share | $1.26 | $1.26 | $1.29 | $0.71 | $0.60 | $0.33 |
| Operating Income | 25.7B | 25.7B | 21.1B | 18.1B | 30.4B | 20.1B |
| Operating Margin | 51.8% | 58.7% | 42.6% | 40.6% | 124.5% | 108.2% |
| ROE | 15.5% | 15.8% | 10.2% | 7.8% | 22.1% | 11.3% |
| Shares Outstanding | 3,093M | 3,093M | 3,389M | 3,771M | 3,620M | 3,890M |
| Metric | 2015 | 2016 | TTM | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||
| Revenue | 13.9B | 19.8B | 21.1B | 21.6B | 28.0B | 23.8B | 21.9B | 25.7B | 48.5B | 53.5B | 49.5B | 49.5B |
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EBIT | 4.4B | 5.6B | 4.6B | 18.3B | 17.1B | 17.2B | 20.1B | 30.4B | 18.1B | 21.1B | 25.7B | 25.7B |
| Op. Margin | 58.4% | 35.3% | 43.5% | 100.0% | 68.3% | 83.2% | 108.2% | 124.5% | 40.6% | 42.6% | 58.7% | 51.8% |
| Net Income | 5.3B | 6.8B | 8.1B | 7.0B | 5.7B | 1.7B | 6.0B | 12.1B | 4.4B | 5.6B | 8.6B | 8.6B |
| Net Margin | 42.5% | 37.7% | 43.5% | 38.1% | 22.6% | 10.9% | 32.0% | 49.6% | 9.8% | 11.3% | 19.7% | 17.4% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | ||||||||||||
| ROIC | 10.5% | 14.4% | 16.8% | 14.3% | 11.1% | 3.2% | 11.3% | 22.1% | 7.8% | 10.2% | 15.8% | N/M |
| ROE | 10.5% | 14.4% | 16.8% | 14.3% | 11.1% | 3.2% | 11.3% | 22.1% | 7.8% | 10.2% | 15.8% | 15.5% |
| ROA | 0.5% | 0.7% | 1.0% | 0.8% | 0.6% | 0.2% | 0.6% | 1.3% | 0.4% | 0.6% | 0.8% | 0.8% |
| Cash Flow | ||||||||||||
| Op. Cash Flow | 10.6B | 8.6B | 5.3B | 6.9B | 13.1B | 101.2B | 14.9B | 11.1B | 11.3B | 22.5B | 6.4B | 6.4B |
| Free Cash Flow | 10.2B | 8.1B | 4.9B | 6.6B | 12.7B | 101.0B | 14.8B | 10.9B | 11.1B | 22.2B | 6.0B | 6.0B |
| Owner Earnings | 9.9B | 8.0B | 4.7B | 6.4B | 12.3B | 100.4B | 14.1B | 10.4B | 10.7B | 21.9B | 5.7B | 5.7B |
| CapEx | 353M | 415M | 304M | 286M | 355M | 287M | 184M | 231M | 246M | 332M | 351M | 351M |
| Maint. CapEx | 634M | 536M | 520M | 520M | 789M | 829M | 834M | 711M | 674M | 673M | 665M | 665M |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 634M | 536M | 520M | 520M | 789M | 829M | 834M | 711M | 674M | 673M | 665M | 665M |
| CapEx/OCF | 3.3% | 4.9% | N/A | N/A | 2.7% | 0.3% | N/A | N/A | N/A | N/A | N/A | 5.5% |
| Capital Allocation | ||||||||||||
| Dividends Paid | 1.5B | 2.6B | 2.6B | 2.7B | 2.6B | 0 | 1.3B | 2.2B | 2.7B | 4.4B | 3.9B | 3.9B |
| Dividend Yield | 4.3% | 6.6% | 4.2% | 4.7% | 5.9% | N/A | 3.5% | 7.0% | 6.1% | 8.5% | 5.8% | 3.8% |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 1.7B | 1.6B | 42M | 43M | 64M | 64M |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | 0.0% | 5.0% | 5.4% | 0.1% | 0.1% | 0.1% | 0.1% |
| Stock-Based Comp | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt Repayment | 0 | 0 | 0 | 0 | 97M | 0 | 40K | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | ||||||||||||
| Net Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -52.9B |
| Cash & Equiv. | 21.5B | 18.1B | 22.0B | 50.0B | 53.2B | 111.6B | 106.5B | 87.6B | 90.2B | 70.4B | 52.9B | 52.9B |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt/Equity | 20.97 | 16.60 | 16.51 | 16.74 | 16.12 | 16.74 | 16.98 | 16.14 | 16.62 | 18.07 | 18.16 | 0.00 |
| Interest Coverage | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.7 |
| Equity | 45.6B | 47.9B | 48.1B | 49.9B | 51.9B | 52.6B | 52.8B | 57.0B | 55.6B | 53.7B | 55.3B | 55.3B |
| Total Assets | 1.0T | 842.2B | 843.9B | 884.6B | 888.5B | 933.9B | 949.3B | 976.8B | 980.3B | 1.0T | 1.1T | 1.1T |
| Total Liabilities | 956.6B | 794.4B | 794.7B | 834.8B | 836.6B | 881.3B | 896.4B | 919.8B | 924.7B | 970.2B | 1.0T | 1.0T |
| Intangibles | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | 22.2B | 24.4B | 27.0B | 28.3B | 29.9B | 32.1B | 35.5B | 41.5B | 40.3B | 36.2B | 40.0B | 40.0B |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | ||||||||||||
| EPS | 1.27 | 1.28 | 1.41 | 1.22 | 1.00 | 0.58 | 1.53 | 3.35 | 1.16 | 1.65 | 2.78 | 2.78 |
| Owner EPS | 2.37 | 1.52 | 0.83 | 1.12 | 2.17 | 34.85 | 3.63 | 2.87 | 2.83 | 6.45 | 1.85 | 1.85 |
| Book Value | 10.86 | 9.07 | 8.39 | 8.71 | 9.18 | 18.27 | 13.58 | 15.75 | 14.75 | 15.84 | 17.89 | 17.89 |
| Cash Flow/Share | 2.52 | 1.62 | 0.92 | 1.21 | 2.31 | 35.14 | 3.84 | 3.07 | 3.01 | 6.65 | 2.06 | 2.99 |
| Dividends/Share | 0.36 | 0.48 | 0.45 | 0.47 | 0.47 | 0.00 | 0.33 | 0.60 | 0.71 | 1.29 | 1.26 | 1.26 |
| Shares Out. | 4.2B | 5.3B | 5.7B | 5.7B | 5.7B | 2.9B | 3.9B | 3.6B | 3.8B | 3.4B | 3.1B | 3.1B |
| Valuation | ||||||||||||
| P/E Ratio | 5.3 | 5.6 | 6.8 | 4.6 | 7.1 | 9.5 | 5.4 | 2.6 | 9.8 | 7.7 | 8.4 | 11.8 |
| P/FCF | 3.3 | 5.5 | 13.7 | 6.2 | 3.8 | 0.2 | 2.8 | 3.3 | 4.5 | 2.3 | 14.5 | 16.8 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 1.9 |
| Price/Book | 0.6 | 0.8 | 1.1 | 0.6 | 0.8 | 0.4 | 0.6 | 0.6 | 0.8 | 0.8 | 1.3 | 1.8 |
| Price/Sales | 2.4 | 1.8 | 2.7 | 2.4 | 1.5 | 0.9 | 1.6 | 1.1 | 0.8 | 0.9 | 1.3 | 2.0 |
| FCF Yield | 33.0% | 19.4% | 7.9% | 17.5% | 28.1% | 410.1% | 39.1% | 32.2% | 23.9% | 47.5% | 7.4% | 5.9% |
| Market Cap | 31.0B | 41.9B | 62.9B | 37.9B | 45.2B | 24.6B | 37.8B | 33.7B | 46.4B | 46.7B | 81.4B | 101.5B |
| Avg. Price | 8.44 | 7.29 | 10.56 | 9.89 | 7.97 | 5.71 | 9.41 | 8.63 | 11.55 | 15.11 | 21.68 | 32.83 |
| Year-End Price | 7.93 | 8.55 | 11.80 | 7.12 | 8.60 | 6.83 | 10.44 | 10.03 | 13.24 | 14.83 | 28.31 | 32.83 |
ING GROEP NV passes 4 of 9 quality checks, suggesting mixed fundamentals.
ING GROEP NV trades at 9.7x trailing earnings, compared to its 15-year median P/E of 7.0x, suggesting it is currently Expensive relative to its historical range. The company's 5-year average ROIC is 13.4%. Total shareholder yield (dividends) is 3.9%. At current prices, the estimated annualized return to fair value is +52.4%.
ING GROEP NV (ING) has a net profit margin of 19.7%. This is a healthy margin.
ING GROEP NV (ING) generated $6.0 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
ING GROEP NV (ING) has a debt-to-equity ratio of 18.16. This indicates higher leverage, which may increase financial risk.
ING GROEP NV (ING) reported earnings per share (EPS) of $2.78 in its most recent fiscal year.
ING GROEP NV (ING) has a return on equity (ROE) of 15.8%. This indicates the company generates strong returns for shareholders.
The Ledger Terminal provides 11 years of financial data for ING GROEP NV (ING), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
ING GROEP NV (ING) has a book value per share of $17.89, based on its most recent annual SEC filing.