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ASR Nederland N.V
(ASRNL)
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Rating:61Neutral
Price Target:
€75.00
▲(7.51% Upside)
Action:Reiterated
Date:08/07/26
The score is held back primarily by weakening profitability, elevated leverage, and notably inconsistent cash generation (negative operating/free cash flow in 2024–2025). Offsetting this, technical momentum is strong with the stock trading above major moving averages and positive MACD. Valuation is mixed: a higher P/E is partially balanced by a solid dividend yield.
Positive Factors
Revenue Expansion
Meaningful revenue expansion indicates continued scale across ASR’s insurance and financial-services activities. Sustained top-line growth can support investment in distribution, technology and risk management, even if conversion into profit remains weaker.
Negative Factors
Profit Margin Compression
The sharp margin decline shows that recent revenue growth is translating into substantially less profit. Persistent pressure from claims, expenses, investment results or business mix could limit earnings compounding and weaken the benefits of scale.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Expansion
Meaningful revenue expansion indicates continued scale across ASR’s insurance and financial-services activities. Sustained top-line growth can support investment in distribution, technology and risk management, even if conversion into profit remains weaker.
Read all positive factors
ASR Nederland N.V (ASRNL) vs. iShares MSCI Netherlands ETF (EWN)
Market Cap
€14.54B
Dividend Yield4.81%
Average Volume (3M)440.49K
Price to Earnings (P/E)12.8
Beta (1Y)0.55
Revenue Growth6.11%
EPS Growth8.60%
CountryNL
Employees9,542
SectorGeneral
Sector StrengthN/A
IndustryInsurance - Diversified
Share Statistics
EPS (TTM)5.76
Shares Outstanding201,954,760
10 Day Avg. Volume541,136
30 Day Avg. Volume440,491
Financial Highlights & Ratios
PEG Ratio-0.60
Price to Book (P/B)1.45
Price to Sales (P/S)0.59
P/FCF Ratio-21.32
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€76.94Price Target Upside10.29% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)6.33
Revenue Forecast (FY)€10.22B
ASR Nederland N.V Business Overview & Revenue Model
Company Description
ASR Nederland N.V. is a Dutch financial services provider that delivers a range of products including insurance coverage, pension plans, and mortgage solutions. It serves a broad customer base, encompassing individuals, independent professionals, ...
How the Company Makes Money
ASR Nederland makes money primarily by (1) underwriting insurance risk and earning premiums in excess of claims and expenses over time, and (2) investing the assets it holds to back long-duration liabilities (especially life insurance and pensions...
ASR Nederland N.V Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
58
Neutral
Cash Flow
34
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 20.49B | 21.23B | 20.64B | 12.76B | -10.55B | 9.82B |
| Gross Profit | 20.49B | 21.23B | 20.64B | 12.68B | -10.55B | 9.82B |
| EBITDA | 7.64B | 6.72B | 5.59B | 4.07B | -1.83B | 1.62B |
| Net Income | 1.26B | 582.00M | 883.00M | 1.04B | -1.76B | 894.00M |
Balance Sheet | ||||||
| Total Assets | 145.27B | 142.15B | 138.59B | 150.77B | 61.90B | 74.03B |
| Cash, Cash Equivalents and Short-Term Investments | 3.76B | 2.71B | 4.19B | 5.09B | 4.29B | 32.64B |
| Total Debt | 10.37B | 10.42B | 10.69B | 12.90B | 4.46B | 6.92B |
| Total Liabilities | 136.29B | 133.53B | 128.76B | 141.39B | 55.72B | 67.66B |
| Stockholders Equity | 8.97B | 8.60B | 9.79B | 8.34B | 6.15B | 7.37B |
Cash Flow | ||||||
| Free Cash Flow | 1.34B | -587.00M | -724.00M | 3.55B | -1.15B | -189.00M |
| Operating Cash Flow | 1.37B | -569.00M | -699.00M | 3.58B | -961.00M | 198.00M |
| Investing Cash Flow | -155.00M | -25.00M | -1.94B | 2.21B | -202.00M | -463.00M |
| Financing Cash Flow | -950.00M | -900.00M | -1.08B | -130.00M | 1.10B | -292.00M |
ASR Nederland N.V Technical Analysis
Positive
69.76
Price Trends
69.36
Positive
66.30
Positive
61.80
Positive
Market Momentum
1.35
Negative
62.04
Neutral
50.93
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NL:ASRNL, the sentiment is Positive. The current price of 69.76 is below the 20-day moving average (MA) of 71.18, above the 50-day MA of 69.36, and above the 200-day MA of 61.80, indicating a bullish trend. The MACD of 1.35 indicates Negative momentum. The RSI at 62.04 is Neutral, neither overbought nor oversold. The STOCH value of 50.93 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NL:ASRNL.
ASR Nederland N.V Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | €2.84B | 16.94 | 14.34% | 5.66% | 4.68% | ― | |
67 Neutral | €88.19B | 13.95 | 13.38% | 4.08% | 5.07% | 16.05% | |
66 Neutral | €34.75B | 15.06 | 10.15% | 3.87% | -2.84% | 11.56% | |
64 Neutral | €11.68B | 12.15 | 12.23% | 5.32% | 16.43% | -22.63% | |
61 Neutral | €14.54B | 12.75 | 14.36% | 4.81% | 6.11% | 8.60% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | €19.34B | 11.54 | 8.86% | 5.18% | 39.01% | 44.63% |
* General Sector Average
NL:ASRNL
ASR Nederland N.V
73.46
17.88
32.17%
NL:ABN
ABN AMRO Group N.V.
43.52
19.04
77.79%
NL:AGN
Aegon NV
7.90
1.62
25.78%
NL:INGA
ING GROEP
32.09
11.56
56.29%
NL:NN
NN Group N.V.
78.26
22.08
39.29%
NL:VLK
Van Lanschot N.V.
67.10
19.60
41.25%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.