Financials ING Groep N.V.

Equities

INGA

NL0011821202

Banks

Market Closed - Euronext Amsterdam Other stock markets 11:39:39 2024-12-02 EST			5-day change	1st Jan Change
14.56 ^EUR	-0.64%		-0.49%	+7.67%

11-27	ING GROEP N.V. : Gets a Buy rating from UBS	ZD
11-27	ING : UBS raises its target price for the share	CF

Projected Income Statement: ING Groep N.V.

income-statement-evolution-chart ING-GROEP-N-V

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	18,306	17,637	18,490	18,561	22,575	22,550	22,464	23,328
Change	-	-3.65%	4.84%	0.38%	21.63%	-0.11%	-0.38%	3.84%
EBITDA	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
EBIT ¹	7,954	6,484	7,299	7,363	11,011	10,602	9,976	10,462
Change	-	-18.48%	12.57%	0.88%	49.55%	-3.71%	-5.91%	4.87%
Interest Paid	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	6,834	3,809	6,782	5,502	10,492	9,367	8,545	8,974
Change	-	-44.26%	78.05%	-18.87%	90.69%	-10.72%	-8.78%	5.01%
Net income ¹	4,781	2,485	4,776	3,674	7,287	6,482	5,831	6,159
Change	-	-48.02%	92.19%	-23.07%	98.34%	-11.05%	-10.04%	5.62%
Announcement Date	2/6/20	2/12/21	2/3/22	2/2/23	2/1/24	-	-	-

¹EUR in Million

Estimates

Fiscal Period: december	2019 Q3	2019 Q4	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4
Net sales ¹	4,626	4,439	4,511	4,671	4,286	4,169	4,702	4,517	4,648	4,624	4,600	4,682	4,412	4,868	5,567	5,759	5,842	5,408	5,583	5,716	5,909	5,445	5,536	5,600	5,647	5,654
Change	-	-4.04%	1.62%	3.55%	-8.24%	-2.73%	12.78%	-3.93%	2.9%	-0.52%	-0.52%	1.78%	-5.77%	10.34%	14.36%	3.45%	1.44%	-7.43%	3.24%	2.38%	3.38%	-7.85%	1.67%	1.15%	0.84%	0.13%
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	2,187	1,764	1,678	1,878	1,673	1,255	1,686	1,973	1,962	1,677	1,655	1,945	1,783	1,980	3,071	3,133	3,049	2,333	2,551	2,868	3,004	-	-	-	-	-
Change	-	-19.34%	-4.88%	11.92%	-10.92%	-24.99%	34.34%	17.02%	-0.56%	-14.53%	-1.31%	17.52%	-8.33%	11.05%	55.1%	2.02%	-2.68%	-23.48%	9.34%	12.43%	4.74%	-100%	-	-	-	-
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	1,911	1,337	1,017	542	1,204	1,046	1,463	2,065	1,924	1,331	668	1,743	1,380	1,711	2,344	3,035	2,866	2,247	2,293	2,568	2,668	1,855	1,849	2,115	2,227	1,930
Change	-	-30.04%	-23.93%	-46.71%	122.14%	-13.12%	39.87%	41.15%	-6.83%	-30.82%	-49.81%	160.93%	-20.83%	23.99%	37%	29.48%	-5.57%	-21.6%	2.05%	11.99%	3.89%	-30.48%	-0.31%	14.36%	5.34%	-13.35%
Net income ¹	1,344	880	670	299	788	727	1,005	1,459	1,367	945	429	1,177	979	1,089	1,591	2,155	1,982	1,558	1,578	1,780	1,880	1,220	1,265	1,452	1,526	1,320
Change	-	-34.52%	-23.86%	-55.37%	163.55%	-7.74%	38.24%	45.17%	-6.31%	-30.87%	-54.6%	174.36%	-16.82%	11.24%	46.1%	35.45%	-8.03%	-21.39%	1.28%	12.8%	5.62%	-35.12%	3.7%	14.78%	5.14%	-13.51%
Announcement Date	10/31/19	2/6/20	5/8/20	8/6/20	11/5/20	2/12/21	5/6/21	8/6/21	11/4/21	2/3/22	5/6/22	8/4/22	11/3/22	2/2/23	5/11/23	8/3/23	11/2/23	2/1/24	5/2/24	8/1/24	10/31/24	-	-	-	-	-

¹EUR in Million

Estimates

Forecast Balance Sheet: ING Groep N.V.

balance-sheet-analysis-chart ING-GROEP-N-V

Fiscal Period: december	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Announcement Date	2/6/20	2/12/21	2/3/22	2/2/23	2/1/24	-	-	-

Estimates

Cash Flow Forecast: ING Groep N.V.

Fiscal Period: december	2018	2019	2020	2021	2022	2023
CAPEX ¹	286	355	287	184	231	246
Change	-	24.13%	-19.15%	-35.89%	25.54%	6.49%
Free Cash Flow (FCF) ¹	-	-	-	-	-	-
Change	-	-	-	-	-	-
Announcement Date	3/7/19	3/5/20	3/11/21	3/1/22	3/10/23	3/8/24

¹EUR in Million

Estimates

Forecast Financial Ratios: ING Groep N.V.

Fiscal Period: december	2018	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	-	-	-	-	-	-	-	-	-
EBIT Margin (%)	-	43.45%	36.76%	39.48%	39.67%	48.78%	47.02%	44.41%	44.85%
EBT Margin (%)	-	37.33%	21.6%	36.68%	29.64%	46.48%	41.54%	38.04%	38.47%
Net margin (%)	-	26.12%	14.09%	25.83%	19.79%	32.28%	28.75%	25.96%	26.4%
FCF margin (%)	-	-	-	-	-	-	-	-	-
FCF / Net Income (%)	-	-	-	-	-	-	-	-	-
Profitability
ROA	-	0.54%	0.27%	0.51%	0.38%	0.75%	0.67%	0.58%	0.59%
ROE	-	9.4%	4.8%	9.2%	7.2%	14.8%	12.83%	12.06%	12.67%
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	-	0.69	0.12	0.89	0.559	1.106	1.09	1.051	1.156
Change	-	-	-82.61%	641.67%	-37.19%	97.85%	-1.46%	-3.6%	9.99%
Book Value Per Share ¹	-	13.8	14.01	14.28	13.79	15.32	16.05	16.94	18.09
Change	-	-	1.52%	1.93%	-3.43%	11.09%	4.74%	5.55%	6.83%
EPS ¹	-	1.23	0.64	1.23	0.99	2.05	2.026	2.037	2.277
Change	-	-	-47.97%	92.19%	-19.51%	107.07%	-1.16%	0.52%	11.79%
Nbr of stocks (in thousands)	-	3,896,134	3,900,168	3,807,624	3,583,002	3,367,006	3,127,443	3,127,443	3,127,443
Announcement Date	-	2/6/20	2/12/21	2/3/22	2/2/23	2/1/24	-	-	-