Projected Income Statement: ING Groep N.V.

Forecast Balance Sheet: ING Groep N.V.

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt - - - - - - - -
Change - - - - - - - -
Announcement Date 2/3/22 2/2/23 2/1/24 2/6/25 1/29/26 - - -
Estimates

Cash Flow Forecast: ING Groep N.V.

Fiscal Period: December 2020 2021 2022 2023 2024 2025
CAPEX 1 287 184 231 246 332 351
Change - -35.89% 25.54% 6.49% 34.96% 5.72%
Free Cash Flow (FCF) 1 - - - - - -
Change - - - - - -
Announcement Date 3/11/21 3/1/22 3/10/23 3/8/24 3/6/25 2/26/26
1EUR in Million
Estimates

Forecast Financial Ratios: ING Groep N.V.

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

         
EBITDA Margin (%) - - - - - - - - -
EBIT Margin (%) - 39.48% 39.67% 48.78% 46.4% 45.37% 46.92% 48.64% 50.05%
EBT Margin (%) - 36.68% 29.64% 46.48% 41.12% 39.71% 41.18% 42.6% 43.52%
Net margin (%) - 25.83% 19.79% 32.28% 28.26% 27.47% 27.72% 29% 29.97%
FCF margin (%) - - - - - - - - -
FCF / Net Income (%) - - - - - - - - -

Profitability

         
ROA - 0.51% 0.38% 0.75% 0.64% 0.61% 0.61% 0.65% 0.67%
ROE - 9.2% 7.2% 14.8% 13% 13.2% 13.42% 14.95% 15.74%

Financial Health

         
Leverage (Debt/EBITDA) - - - - - - - - -
Debt / Free cash flow - - - - - - - - -

Capital Intensity

         
CAPEX / Current Assets (%) - - - - - - - - -
CAPEX / EBITDA (%) - - - - - - - - -
CAPEX / FCF (%) - - - - - - - - -

Items per share

         
Cash flow per share 1 - - - - - - - - -
Change - - - - - - - - -
Dividend per Share 1 - 0.89 0.559 1.106 1.06 1.086 1.258 1.429 1.629
Change - - -37.19% 97.85% -4.16% 2.45% 15.87% 13.53% 14.03%
Book Value Per Share 1 - 14.28 13.79 15.32 16.25 17.12 17.78 18.54 20.19
Change - - -3.43% 11.09% 6.07% 5.35% 3.86% 4.28% 8.89%
EPS 1 - 1.23 0.99 2.05 1.98 2.12 2.37 2.761 3.08
Change - - -19.51% 107.07% -3.41% 7.07% 11.78% 16.53% 11.55%
Nbr of stocks (in thousands) - 3,807,624 3,583,002 3,367,006 3,101,921 2,902,286 2,872,591 2,872,591 2,872,591
Announcement Date - 2/3/22 2/2/23 2/1/24 2/6/25 1/29/26 - - -
1EUR
Estimates
2026 *2027 *
P/E ratio 10.8x 9.25x
PBR 1.44x 1.38x
EV / Sales 3.03x 2.83x
Yield 4.92% 5.59%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
-
Global
-
Quality
ESG MSCI
AAA
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
19
Last Close Price
25.55EUR
Average target price
27.80EUR
Spread / Average Target
+8.82%

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Equities
  3. INGA Stock
  4. Financials ING Groep N.V.