ASR Nederland N.V (ASRNL) AI Stock Analysis

• Market Cap: €12.20B
• Dividend Yield: 5.32%
• Average Volume (3M): 435.35K
• Price to Earnings (P/E): 6.9
• Beta (1Y): 0.64
• Revenue Growth: 16.35%
• EPS Growth: 67.44%
• Country: NL
• Employees: 4,294
• Sector: General
• Sector Strength: N/A
• Industry: Insurance - Diversified
• EPS (TTM): 2.97
• Shares Outstanding: 209,113,570
• 10 Day Avg. Volume: 400,779
• 30 Day Avg. Volume: 435,348
• 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: €67.38
• Price Target Upside: 16.01% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 6
• EPS Forecast (FY): 5.93
• Revenue Forecast (FY): €6.41B

• Rating: 66 Neutral
• Price Target: €62.00 ▲(6.75% Upside)
• Action: Reiterated Date: 10/24/25
• Date: Action: Reiterated 10/24/25

ASR Nederland N.V. scores well due to its strong revenue growth and attractive valuation, including a solid dividend yield. However, challenges with leverage and cash flow stability, along with neutral technical indicators, moderate the overall score.

Positive Factors

Revenue Growth

The company's robust revenue growth trajectory indicates strong market demand and effective business strategies, supporting long-term expansion and competitive positioning.

Asset Base Expansion

An expanding asset base enhances the company's ability to generate income and withstand economic fluctuations, contributing to long-term financial resilience.

Dividend Yield

A strong dividend yield can attract long-term investors, providing a steady income stream and reflecting management's confidence in future cash flows.

Negative Factors

Increasing Leverage

Rising leverage can strain financial stability, increasing interest obligations and reducing flexibility to invest in growth opportunities.

Negative Cash Flow

Negative cash flow indicates potential cash management issues, limiting the company's ability to fund operations and investments without external financing.

Fluctuating Profit Margins

Inconsistent profit margins can signal operational inefficiencies or market pressures, potentially affecting long-term profitability and shareholder value.

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 the sale of insurance premiums across its various product lines, including life, health, and property insurance. The company collects premiums from policyholders, which are then invested in financial markets to generate additional income through returns on investments. Key revenue streams include underwriting income from insurance policies, investment income from the management of assets, and fee income from asset management services. ASRNL also benefits from strategic partnerships with financial institutions and intermediaries that help distribute its products, further bolstering its market reach and revenue potential.

ASR Nederland N.V Financial Statement Overview

Summary

ASR Nederland N.V. shows strong revenue growth and a solid asset base, but faces challenges with increasing leverage and declining cash flows. While profitability potential exists, consistent earnings and improved cash flow stability are needed for resilience.

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	-1.83B	1.62B	1.18B
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: Negative
• Last Price: 58.08
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• 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 Negative. The current price of 58.08 is below the 20-day moving average (MA) of 60.00, below the 50-day MA of 60.70, and below the 200-day MA of 58.32, indicating a bearish trend. The MACD of -0.88 indicates Positive momentum. The RSI at 37.61 is Neutral, neither overbought nor oversold. The STOCH value of 47.81 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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
HAL	81 Outperform	€15.57B	2.67	11.85%	2.07%	2.01%	79.48%
ASRNL	66 Neutral	€12.20B	6.94	6.31%	5.32%	16.35%	67.44%
AGN	61 Neutral	€9.14B	4.30	14.36%	5.79%	-6.64%	―
INGA	60 Neutral	€63.97B	12.40	12.05%	5.10%	0.12%	-2.71%
ABN	57 Neutral	€22.73B	14.95	9.85%	4.36%	-12.70%	-12.34%
Sector *	55 Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
NN	53 Neutral	€16.93B	―	6.47%	5.40%	-15.54%	10.53%