Want to see NL:INGA full AI Analyst Report?
Top Page
ING GROEP
(INGA)
Select Model
Select Model
Rating:67Neutral
Price Target:
€33.00
▲(9.42% Upside)
Action:Reiterated
Date:08/06/26
The score is driven mainly by mixed financial performance: strong profitability and ROE are offset by high leverage and especially volatile/weak cash flow quality. Technicals are supportive with a clear uptrend, though momentum indicators are stretched. Valuation is relatively attractive with a moderate P/E and solid dividend yield.
Positive Factors
Strong profitability and ROE
ING’s solid margins and low-to-mid teen returns on equity indicate durable earnings power across business cycles. Sustained ROE supports internally generated capital, dividend capacity and reinvestment, enabling long-term shareholder returns and funding for strategic initiatives.
Negative Factors
Elevated leverage
A persistently high debt-to-equity profile amplifies sensitivity to funding-cost increases and credit stress. Elevated leverage constrains capital flexibility, raises regulatory capital risk and limits the bank’s ability to absorb shocks or pursue material organic growth without external funding.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong profitability and ROE
ING’s solid margins and low-to-mid teen returns on equity indicate durable earnings power across business cycles. Sustained ROE supports internally generated capital, dividend capacity and reinvestment, enabling long-term shareholder returns and funding for strategic initiatives.
Read all positive factors
ING GROEP (INGA) vs. iShares MSCI Netherlands ETF (EWN)
Market Cap
€84.08B
Dividend Yield1.87%
Average Volume (3M)7.88M
Price to Earnings (P/E)13.3
Beta (1Y)1.01
Revenue Growth5.07%
EPS Growth16.05%
CountryNL
Employees60,000
SectorGeneral
Sector StrengthN/A
IndustryBanks - Diversified
Share Statistics
EPS (TTM)2.30
Shares Outstanding2,873,308,800
10 Day Avg. Volume7,561,458
30 Day Avg. Volume7,883,815
Financial Highlights & Ratios
PEG Ratio1.73
Price to Book (P/B)1.44
Price to Sales (P/S)3.11
P/FCF Ratio-375.16
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€33.02Price Target Upside9.48% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering11
EPS Forecast (FY)2.49
Revenue Forecast (FY)€24.62B
ING GROEP Business Overview & Revenue Model
Company Description
Operating as a prominent global financial services group, ING Groep N.V. delivers a comprehensive suite of banking solutions and offerings across a vast international footprint. Its reach extends throughout the Netherlands, Belgium, Germany, and P...
How the Company Makes Money
ING primarily earns revenue from banking activities. A major source is net interest income: it pays interest on customer deposits and wholesale funding and earns interest on loans and other interest-earning assets; the spread between what it earns...
ING GROEP Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
58
Neutral
Cash Flow
32
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 23.76B | 23.04B | 22.62B | 17.63B | 33.61B | 25.78B |
| Gross Profit | 22.44B | 21.73B | 16.93B | 17.63B | 17.06B | 13.03B |
| EBITDA | 9.83B | 9.15B | 9.97B | 11.17B | 6.21B | 7.84B |
| Net Income | 6.70B | 6.33B | 6.39B | 7.29B | 3.67B | 4.78B |
Balance Sheet | ||||||
| Total Assets | 1.16T | 1.05T | 1.02T | 975.58B | 967.82B | 951.29B |
| Cash, Cash Equivalents and Short-Term Investments | 64.95B | 106.31B | 115.13B | 130.06B | 118.60B | 137.80B |
| Total Debt | 216.77B | 244.67B | 227.63B | 173.26B | 119.50B | 116.01B |
| Total Liabilities | 1.11T | 1.00T | 969.24B | 923.40B | 917.41B | 896.63B |
| Stockholders Equity | 50.25B | 49.70B | 50.31B | 51.24B | 49.91B | 53.92B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -191.00M | -56.15B | 4.83B | -11.34B | -15.13B |
| Operating Cash Flow | 0.00 | 160.00M | -55.82B | 5.07B | -11.11B | -14.94B |
| Investing Cash Flow | 0.00 | -69.58B | -6.03B | -1.67B | -5.31B | 6.22B |
| Financing Cash Flow | 0.00 | 55.59B | 38.65B | -4.89B | 4.65B | 5.39B |
ING GROEP Technical Analysis
Positive
30.16
Price Trends
28.86
Positive
26.86
Positive
24.71
Positive
Market Momentum
0.38
Positive
56.07
Neutral
24.69
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NL:INGA, the sentiment is Positive. The current price of 30.16 is below the 20-day moving average (MA) of 30.32, above the 50-day MA of 28.86, and above the 200-day MA of 24.71, indicating a neutral trend. The MACD of 0.38 indicates Positive momentum. The RSI at 56.07 is Neutral, neither overbought nor oversold. The STOCH value of 24.69 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NL:INGA.
ING GROEP Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | €2.78B | 13.23 | 12.31% | 5.89% | -0.08% | ― | |
67 Neutral | €84.08B | 13.29 | 12.71% | 4.35% | 5.07% | 16.05% | |
66 Neutral | €33.32B | 14.30 | 9.12% | 3.31% | -2.84% | 11.56% | |
64 Neutral | €11.82B | 12.26 | 11.63% | 4.96% | 16.43% | -19.67% | |
61 Neutral | €14.16B | 12.11 | 6.31% | 4.87% | 6.11% | 8.60% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | €19.49B | 11.44 | 5.56% | 4.86% | 39.01% | 44.63% |
* General Sector Average
NL:INGA
ING GROEP
30.57
10.87
55.15%
NL:ABN
ABN AMRO Group N.V.
41.33
17.90
76.38%
NL:AGN
Aegon NV
7.97
1.58
24.76%
NL:ASRNL
ASR Nederland N.V
69.76
12.99
22.87%
NL:NN
NN Group N.V.
77.58
21.51
38.36%
NL:VLK
Van Lanschot N.V.
65.90
11.88
21.99%
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.