INGA Stock Analysis: ING Groep | AS

Banks - Diversified | AS, Netherlands | Market Cap: 81.241m EUR | 12M Return: 52.1% | Charts, Fundamentals & Technical Analysis

Savings Accounts, Mortgage Loans, Corporate Finance, Cash Management
Total Rating 44
Safety 55
Buy Signal 0.55
Banks - Diversified
Industry Rotation: +0.0
Market Cap: 92.9B
Avg Turnover: 197M
Risk 3d forecast
Volatility22.4%
VaR 5th Pctl3.80%
VaR vs Median3.07%
Reward TTM
Sharpe Ratio1.78
Rel. Str. IBD80.1
Rel. Str. Peer Group54.2
Character TTM
Beta0.588
Beta Downside0.315
Hurst Exponent0.455
Drawdowns 3y
Max DD19.98%
CAGR/Max DD1.96
CAGR/Mean DD9.39
EPS (Earnings per Share) EPS (Earnings per Share) of INGA over the last years for every Quarter: "2021-06": 0.37, "2021-09": 0.35, "2021-12": 0.25, "2022-03": 0.11, "2022-06": 0.32, "2022-09": 0.26, "2022-12": 0.3, "2023-03": 0.44, "2023-06": 0.6, "2023-09": 0.56, "2023-12": 0.45, "2024-03": 0.48, "2024-06": 0.54, "2024-09": 0.59, "2024-12": 0.37, "2025-03": 0.47, "2025-06": 0.56, "2025-09": 0.6, "2025-12": 0.48, "2026-03": 0.54,
EPS CAGR: 5.46%
EPS Trend: 61.6%
Last SUE: 1.22
Qual. Beats: 3
Revenue Revenue of INGA over the last years for every Quarter: 2021-06: 4497, 2021-09: 4648, 2021-12: 4624, 2022-03: 4599, 2022-06: 13075, 2022-09: 4412, 2022-12: 4868, 2023-03: 5567, 2023-06: 5725, 2023-09: 5842, 2023-12: 5409, 2024-03: 5583, 2024-06: 27867, 2024-09: 5909, 2024-12: 5407, 2025-03: 5636, 2025-06: 24256, 2025-09: 5854, 2025-12: 5798, 2026-03: 5824,
Rev. CAGR: 33.64%
Rev. Trend: 78.0%
Last SUE: 0.00
Qual. Beats: 0

Warnings

No concerns identified

Tailwinds

No distinct edge detected

Seasonality 10.5 years of data

Jan -0.1% 0
Feb -4.9% 29
Mar -5.8% 15
Apr +1.9% 13
May +3.3% 31
Jun -1.7% 30
Jul +1.6% 36
Aug -3.0% 35
Sep +0.3% 8
Oct -2.0% 21
Nov -1.0% 8
Dec -1.7% 19

How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.

Description: INGA ING Groep

ING Groep N.V. is a Dutch-based global financial institution founded in 1762 and headquartered in Amsterdam. It operates through five business segments: Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, and Wholesale Banking, serving individual customers, corporate clients, and financial institutions across the Netherlands, Belgium, Germany, rest of Europe, and internationally.

The company provides a broad suite of banking products and services, including current and savings accounts, time deposits, business and SME lending, residential mortgages, consumer loans, payments, cash management, trade and corporate finance, treasury services, and digital banking, as well as savings, investment, and insurance offerings.

As a large-cap diversified bank within the Financials sector, ING operates a universal banking model that combines retail and wholesale operations, generating revenue primarily through net interest income (the difference between interest earned on loans and interest paid on deposits) and fee-based services. The diversification across multiple European retail markets and a wholesale banking arm helps spread geographic risk while relying on established deposit-gathering and lending capabilities typical of large European commercial banks.

Headlines to Watch Out For
  • ECB rate cuts pressure net interest income
  • Mortgage loan growth slows across Dutch and German retail markets
  • Share buyback program continues amid strong CET1 capital position
Piotroski VR-10 (Strict) 3.0
Net Income: 6.43b TTM > 0 and > 6% of Revenue
FCF/TA: -0.00 > 0.02 and ΔFCF/TA 5.19 > 1.0
NWC/Revenue: -1.96k% < 20% (prev -1.42k%; Δ -541.7% < -1%)
CFO/TA 0.00 > 3% & CFO 160.0m > Net Income 6.43b
Net Debt (148b) to EBITDA (9.95b): 14.85 < 3
Current Ratio: 0.08 > 1.5 & < 3
Outstanding Shares: last quarter (2.89b) vs 12m ago -6.64% < -2%
Gross Margin: error (current vs previous; cannot be calculated due to missing/invalid data or negative margin)
Asset Turnover: 3.77% > 50% (prev 4.15%; Δ -0.39% > 0%)
Interest Coverage Ratio: 0.26 > 6 (EBIT TTM 9.28b / Interest Expense TTM 36.4b)
Altman Z'' -4.50
A: -0.72 (Total Current Assets 68.6b - Total Current Liabilities 885b) / Total Assets 1138b
B: 0.03 (Retained Earnings 37.7b / Total Assets 1138b)
C: 0.01 (EBIT TTM 9.28b / Avg Total Assets 1108b)
D: 0.05 (Book Value of Equity 50.9b / Total Liabilities 1085b)
Altman-Z'' = -4.50 = D
What is the price of INGA shares?

As of July 12, 2026, the stock is trading at EUR 28.42 with a total of 5,643,510 shares traded. Over the past week, the price has changed by +0.44%, over one month by +13.43%, over three months by +19.07% and over the past year by +52.11%.

Current recommended Stop Loss: 27.70 (which is 2.5% or 1.4 ATR below the current price).

Is INGA a buy, sell or hold?

ING Groep has no consensus analysts rating.

ING Groep (INGA) - Fundamental Data Overview as of 10 July 2026
Market Cap USD = 92.9b (81.2b EUR * 1.1431 EUR.USD)
P/E Trailing = 12.9726
P/E Forward = 11.5607
P/S = 3.3006
P/B = 1.5658
P/EG = 2.1015
Revenue TTM = 41.7b EUR
EBIT TTM = 9.28b EUR
EBITDA TTM = 9.95b EUR
Long Term Debt = 183b EUR (from longTermDebt, last quarter)
Short Term Debt = 125b EUR (from shortTermDebt, last fiscal year)
Debt = 216b EUR (from shortLongTermDebtTotal, last quarter) + Leases 1.05b
Net Debt = 148b EUR (calculated: Debt 216b - CCE 68.6b)
Enterprise Value = 229b EUR (81.2b + Debt 216b - CCE 68.6b)
Interest Coverage Ratio = 0.26 (Ebit TTM 9.28b / Interest Expense TTM 36.4b)
EV/FCF = -1000.0x (Enterprise Value 229b / FCF TTM -191.0m)
FCF Yield = -0.08% (FCF TTM -191.0m / Enterprise Value 229b)
FCF Margin = -0.46% (FCF TTM -191.0m / Revenue TTM 41.7b)
Net Margin = 15.41% (Net Income TTM 6.43b / Revenue TTM 41.7b)
 Gross Margin = unknown ((Revenue TTM 41.7b - Cost of Revenue TTM 1.34b) / Revenue TTM)
 Tobins Q-Ratio = 0.20 (Enterprise Value 229b / Total Assets 1138b)
Interest Expense / Debt = 16.81% (Interest Expense 36.4b / Debt 216b)
Taxrate = 27.95% (2.59b / 9.28b)
NOPAT = 6.69b (EBIT 9.28b * (1 - 27.95%))
Current Ratio = 0.08 (Total Current Assets 68.6b / Total Current Liabilities 885b)
Debt / Equity = 4.25 (Debt 216b / totalStockholderEquity, last quarter 50.9b)
Debt / EBITDA = 14.85 (Net Debt 148b / EBITDA 9.95b)
 Debt / FCF = -773.6 (out of range, set to none) (Net Debt 148b / FCF TTM -191.0m)
 Total Stockholder Equity = 50.6b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.58% (Net Income 6.43b / Total Assets 1138b)
RoE = 12.71% (Net Income TTM 6.43b / Total Stockholder Equity 50.6b)
RoCE = 3.98% (EBIT 9.28b / Capital Employed (Equity 50.6b + L.T.Debt 183b))
RoIC = 1.78% (NOPAT 6.69b / Invested Capital 375b)
WACC = 11.00% (E(81.2b)/V(298b) * Re(8.05%) + D(216b)/V(298b) * Rd(16.81%) * (1-Tc(0.28)))
Discount Rate = 8.05% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -100.00 | Cagr: -6.27%
 [DCF] Fair Price = unknown (Cash Flow -191.0m)
 EPS Correlation: 61.59 | EPS CAGR: 5.46% | SUE: 1.22 | # QB: 3
Revenue Correlation: 77.99 | Revenue CAGR: 33.64% | SUE: -0.00 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.63 | Chg30d=+2.64% | Revisions=+12% | Analysts=5
EPS next Quarter (2026-09-30): EPS=0.66 | Chg30d=+0.60% | Revisions=-12% | Analysts=5
EPS current Year (2026-12-31): EPS=2.40 | Chg30d=+0.18% | Revisions=+36% | GrowthEPS=+13.4% | GrowthRev=+5.3%
EPS next Year (2027-12-31): EPS=2.83 | Chg30d=+0.56% | Revisions=+53% | GrowthEPS=+17.7% | GrowthRev=+7.5%
[Analyst] Revisions Ratio: +36% (up=23, down=10)