ASR Nederland N.V (ASRNL) AI Stock Analysis

• Market Cap: €11.84B
• Dividend Yield: 5.65%
• Average Volume (3M): 515.37K
• Price to Earnings (P/E): 11.0
• Beta (1Y): 0.64
• Revenue Growth: 16.35%
• EPS Growth: 67.44%
• Country: NL
• Employees: 4,294
• Sector: Financial
• Sector Strength: 70
• Industry: Insurance - Diversified
• EPS (TTM): 3.48
• Shares Outstanding: 209,113,570
• 10 Day Avg. Volume: 506,482
• 30 Day Avg. Volume: 515,369
• PEG Ratio: -0.73
• Price to Book (P/B): 0.99
• Price to Sales (P/S): 0.47
• P/FCF Ratio: -13.33
• 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: €63.93
• Price Target Upside: 11.61% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 7

• Rating: 62 Neutral
• Price Target: €60.00 ▲(4.75% Upside)

ASR Nederland N.V. scores a 62, driven primarily by its strong valuation metrics, including a low P/E ratio and high dividend yield. However, financial performance challenges, such as increasing leverage and declining cash flows, weigh on the score. Technical analysis indicates bearish momentum, which further impacts the overall assessment.

ASR Nederland N.V Business Overview & Revenue Model

Company Description

ASR Nederland N.V. provides insurance, pensions, and mortgages products for consumers, self-employed persons, and companies. It operates through five segments: Non-Life, Life, Asset Management, Distribution and Services, and Holding and Other. The company distributes insurance contracts; provides financial intermediary services; and develops real estate properties. It operates as an asset manager for third parties. ASR Nederland N.V. offers its products under the De Amersfoortse, Loyalis, Ditzo, Europeesche Verzekeringen, and Ardanta brand names. The company was formerly known as Fortis Verzekeringen Nederland N.V. and changed its name to ASR Nederland N.V. in October 2008. ASR Nederland N.V. was founded in 1720 and is headquartered in Utrecht, the Netherlands.

How the Company Makes Money

ASR Nederland N.V. generates revenue primarily through premiums collected from its insurance policies across various sectors, including life, health, and property insurance. The company also earns income from investment activities, managing a substantial portfolio of assets that contribute to its overall profitability. Key revenue streams include underwriting profits from insurance operations and returns on investments in equities, bonds, and real estate. Additionally, ASRNL may benefit from partnerships with other financial institutions, distribution channels, and service providers that enhance its market reach and product offerings, thereby bolstering its earnings potential.

ASR Nederland N.V Financial Statement Overview

Summary

ASR Nederland N.V. exhibits strong revenue growth and a solid asset base, crucial for long-term success. However, increasing leverage and declining cash flows pose significant challenges. While the company shows potential for profitability, maintaining consistent earnings and improving cash flow stability are critical for future resilience. Strategic focus on managing debt levels and enhancing cash flow efficiency will be key to sustaining growth.

Income Statement

ASR Nederland N.V. has shown strong revenue growth over recent years, with a notable increase in total revenue from €5.21 billion in 2022 to €20.64 billion in 2024, reflecting a robust growth trajectory. The gross profit margin remains consistent, and net profit margin was healthy in 2024 at approximately 4.28%. However, the EBIT margin has fluctuated, and the decrease in net income from 2023 to 2024 poses a risk. Overall, the company exhibits solid revenue generation capabilities but faces challenges in maintaining consistent profitability.

Balance Sheet

The company's debt-to-equity ratio increased over the years, indicating higher leverage, with a rise in total debt from €4.46 billion in 2022 to €10.69 billion in 2024. The equity ratio decreased slightly, showing reasonable strength in asset coverage. The return on equity is moderate at around 9.02% in 2024. While the company's asset base has expanded, the increasing liabilities and relatively high leverage pose potential risks to financial stability.

Cash Flow

Operating cash flow turned negative in 2024, moving from a positive €3.58 billion in 2023 to negative €699 million in 2024, indicating potential cash management challenges. Free cash flow also declined, reflecting pressure on cash generation. The free cash flow to net income ratio worsened, showcasing inefficiencies in cash conversion. Despite prior years' positive cash flows, the recent downturn highlights concerns that require strategic attention.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	16.39B	20.64B	12.76B	-10.55B	9.82B	7.51B
Gross Profit	16.39B	20.64B	12.68B	-10.55B	9.82B	7.51B
EBITDA	11.48B	5.27B	4.07B	-1.86B	1.57B	1.14B
Net Income	1.10B	883.00M	1.04B	-1.76B	894.00M	609.00M
Balance Sheet
Total Assets	141.01B	138.59B	150.77B	61.90B	74.03B	77.15B
Cash, Cash Equivalents and Short-Term Investments	0.00	4.19B	5.09B	4.29B	32.64B	36.62B
Total Debt	9.52B	10.69B	12.90B	4.46B	6.92B	9.04B
Total Liabilities	131.15B	128.76B	141.39B	55.72B	67.66B	70.84B
Stockholders Equity	9.86B	9.79B	8.34B	6.15B	7.37B	6.31B
Cash Flow
Free Cash Flow	57.00M	-724.00M	3.55B	-1.15B	-189.00M	339.00M
Operating Cash Flow	74.00M	-699.00M	3.58B	-961.00M	198.00M	354.00M
Investing Cash Flow	-1.81B	-1.94B	2.21B	-202.00M	-463.00M	-47.00M
Financing Cash Flow	-807.00M	-1.08B	-130.00M	1.10B	-292.00M	-399.00M

ASR Nederland N.V Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 57.28
• 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:ASRNL, the sentiment is Neutral. The current price of 57.28 is below the 20-day moving average (MA) of 57.77, below the 50-day MA of 58.26, and above the 200-day MA of 51.78, indicating a neutral trend. The MACD of -0.42 indicates Positive momentum. The RSI at 43.30 is Neutral, neither overbought nor oversold. The STOCH value of 20.14 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for NL:ASRNL.

ASR Nederland N.V Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ABN	80 Outperform	€22.59B	9.96	9.20%	4.76%	-10.84%	-10.98%
HAL	79 Outperform	€12.18B	7.07	8.19%	2.15%	2.01%	79.48%
INGA	69 Neutral	€66.23B	11.19	12.70%	5.49%	0.47%	-2.06%
AGN	64 Neutral	€10.66B	8.21	7.49%	5.55%	-6.64%	―
NN	64 Neutral	€15.32B	12.66	7.34%	5.96%	-15.54%	10.53%
ASRNL	62 Neutral	€11.84B	10.97	12.65%	5.65%	16.35%	67.44%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%