Aegon NV (AGN) AI Stock Analysis

• Market Cap: €9.89B
• Dividend Yield: 5.87%
• Average Volume (3M): 5.38M
• Price to Earnings (P/E): 7.5
• Beta (1Y): 1.07
• Revenue Growth: -6.64%
• EPS Growth: N/A
• Country: NL
• Employees: 15,582
• Sector: Financial
• Sector Strength: 70
• Industry: Insurance - Diversified
• EPS (TTM): 0.37
• Shares Outstanding: 1,652,797,500
• 10 Day Avg. Volume: 5,483,647
• 30 Day Avg. Volume: 5,375,044
• PEG Ratio: -0.04
• Price to Book (P/B): 1.25
• Price to Sales (P/S): 0.59
• P/FCF Ratio: 16.17
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €6.98
• Price Target Upside: 7.72% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 5

• Rating: 63 Neutral
• Price Target: €7.00 ▲(8.02% Upside)

Aegon NV's overall stock score is driven by its attractive valuation, with a low P/E ratio and high dividend yield, making it appealing for value investors. However, the mixed financial performance and weak technical indicators suggest caution, as challenges in revenue consistency and leverage management persist.

Positive Factors

Negative Factors

Aegon NV Business Overview & Revenue Model

Company Description

Aegon N.V. provides insurance, pensions, and asset management services in the Americas, the Netherlands, and the United Kingdom. The company offers life, accident, and health insurance; savings, pension, annuities, and mutual funds; property and casualty insurance; retirement plans and individual retirement accounts; voluntary employee benefits; and stable value solutions. It also provides debt securities; mortgage loans; derivatives; reinsurance assets; other loans; money market and short-term investments; credit risk management; disability services; and digital banking solutions. Aegon N.V. was founded in 1983 and is headquartered in The Hague, the Netherlands.

How the Company Makes Money

Aegon generates revenue through multiple key streams, primarily from premiums received for life insurance policies and fees collected from asset management services. The company earns substantial income from its investment portfolios, which consist of bonds, stocks, and other financial instruments. Additionally, Aegon receives management fees from the funds it manages on behalf of clients, contributing significantly to its revenue. The company also benefits from partnerships with financial advisors and institutions that distribute its products, enhancing its market reach. Economic factors such as interest rates and market performance directly impact Aegon's earnings, making investment performance a critical component of its overall financial success.

Aegon NV Financial Statement Overview

Summary

Aegon NV demonstrates mixed financial performance. Improvements in profitability and cash flow stability are evident, but challenges remain in revenue consistency and leverage management. High debt levels and low equity pose risks, necessitating a cautious approach to future financial planning.

Income Statement

Aegon NV's income statement shows a challenging financial trajectory. The net profit margin improved from negative figures in previous years to a positive 3.52% in 2024, indicating a return to profitability. However, revenue has shown volatility, with a significant drop and subsequent recovery. The absence of EBIT in 2024 raises concerns about operational efficiency, although EBITDA margin has improved to 3.25%, suggesting cost management improvements.

Balance Sheet

The balance sheet reflects a relatively high debt-to-equity ratio of 0.54 in 2024, which indicates moderate leverage. The equity ratio stands at 2.81%, showing a low reliance on equity financing. Return on equity improved to 7.49%, but the overall equity levels have decreased over recent years, raising concerns about long-term financial resilience.

Cash Flow

Aegon NV's cash flow statement indicates a recovery in free cash flow, with a growth rate of -6.95% from 2023 to 2024, showing resilience despite the drop. The operating cash flow to net income ratio is 1.11, indicating that cash generation is aligned with profitability. However, the free cash flow to net income ratio is 1.01, suggesting limited cash surplus for reinvestment or debt reduction.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	22.95B	19.52B	29.54B	53.77B	46.14B	44.33B
Gross Profit	22.95B	19.52B	22.88B	-15.85B	46.14B	44.33B
EBITDA	-4.91B	635.00M	-204.00M	1.00B	2.21B	169.00M
Net Income	1.32B	688.00M	-179.00M	-570.00M	1.98B	-135.00M
Balance Sheet
Total Assets	310.63B	327.39B	301.58B	401.79B	468.25B	443.81B
Cash, Cash Equivalents and Short-Term Investments	0.00	58.18B	4.07B	64.31B	108.25B	109.00B
Total Debt	4.27B	5.00B	4.92B	6.67B	12.23B	11.07B
Total Liabilities	301.25B	318.08B	292.03B	387.60B	441.88B	419.15B
Stockholders Equity	9.26B	9.19B	7.55B	14.01B	26.18B	24.59B
Cash Flow
Free Cash Flow	-676.00M	711.00M	748.00M	2.75B	-1.91B	-2.97B
Operating Cash Flow	-621.00M	762.00M	864.00M	2.85B	-1.80B	-2.85B
Investing Cash Flow	16.00M	300.00M	-2.00B	616.00M	-54.00M	-139.00M
Financing Cash Flow	-970.00M	-1.75B	-3.24B	-1.92B	300.00M	-778.00M

Aegon NV Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 6.48
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NL:AGN, the sentiment is Positive. The current price of 6.48 is below the 20-day moving average (MA) of 6.60, below the 50-day MA of 6.61, and above the 200-day MA of 5.97, indicating a neutral trend. The MACD of -0.06 indicates Positive momentum. The RSI at 44.22 is Neutral, neither overbought nor oversold. The STOCH value of 52.12 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NL:AGN.

Aegon NV Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HAL	―	€12.28B	7.09	11.85%	2.11%	2.01%	79.48%
NN	―	€15.35B	12.69	6.47%	5.91%	-15.54%	10.53%
Sector *	―	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
ABN	―	€20.88B	9.21	10.16%	5.06%	-10.84%	-10.98%
ASRNL	―	€11.89B	11.01	12.65%	5.57%	16.35%	67.44%
AGN	―	€9.89B	7.55	14.93%	5.87%	-6.64%	―
INGA	―	€61.53B	10.40	12.42%	5.86%	0.47%	-2.06%