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 03/02/22 02/02/23 01/02/24 06/02/25 29/01/26 - - -
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 11/03/21 01/03/22 10/03/23 08/03/24 06/03/25 26/02/26
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% 46.85% 48.39% 49.91%
EBT Margin (%) - 36.68% 29.64% 46.48% 41.12% 39.71% 41.14% 42.55% 43.55%
Net margin (%) - 25.83% 19.79% 32.28% 28.26% 27.47% 27.78% 29.04% 29.9%
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% 13.44% 14.81% 15.47%

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 1.263 1.434 1.629
Change - - -37.19% 97.85% -4.16% 2.45% 16.31% 13.52% 13.61%
Book Value Per Share 1 - 14.28 13.79 15.32 16.25 17.12 17.85 18.95 20.29
Change - - -3.43% 11.09% 6.07% 5.35% 4.25% 6.2% 7.07%
EPS 1 - 1.23 0.99 2.05 1.98 2.12 2.377 2.769 3.072
Change - - -19.51% 107.07% -3.41% 7.07% 12.14% 16.46% 10.96%
Nbr of stocks (in thousands) - 3,807,624 3,583,002 3,367,006 3,101,921 2,902,286 2,870,541 2,870,541 2,870,541
Announcement Date - 03/02/22 02/02/23 01/02/24 06/02/25 29/01/26 - - -
1EUR
Estimates
2026 *2027 *
P/E ratio 10.7x 9.16x
PBR 1.42x 1.34x
EV / Sales 3.01x 2.8x
Yield 4.98% 5.65%

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
25.36EUR
Average target price
27.96EUR
Spread / Average Target
+10.22%

Quarterly revenue - Rate of surprise

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