ING Group Z Score

ING
 Stock
  

USD 12.03  0.01  0.08%   

Altman Z Score is one of the simplest fundamental models to determine how likely your company is to fail. The module uses available fundamental data of a given equity to approximate the Altman Z score. Altman Z Score is determined by evaluating five fundamental price points available from the company's current public disclosure documents. Please see ING Group Piotroski F Score and ING Group Valuation analysis.
  
ING Group Invested Capital Average is projected to decrease significantly based on the last few years of reporting. The past year's Invested Capital Average was at 854.43 Billion. The current year Market Capitalization is expected to grow to about 53.1 B, whereas Capital Expenditure is forecasted to decline to (333.8 M). ING Group Net Income to Non Controlling Interests is projected to decrease significantly based on the last few years of reporting. The past year's Net Income to Non Controlling Interests was at 97.2 Million. The current year Operating Expenses is expected to grow to about 11 B, whereas Earning Before Interest and Taxes EBIT is forecasted to decline to about 7.6 B.

ING Group Z Score Analysis

ING Group's Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
 2021 2022 (projected)
Interest Expense342 M340 M
Gross Profit16.49 B16.74 B
Z Score 
 = 
Sum Of  
 
5 Factors 
More About Z Score | All Equity Analysis
First Factor
 = 
1.2 * (
Working Capital
/
Total Assets )
Second Factor
 = 
1.4 * (
Retained Earnings
/
Total Assets )
Thrid Factor
 = 
3.3 * (
EBITAD
/
Total Assets )
Fouth Factor
 = 
0.6 * (
Market Value of Equity
/
Total Liabilities )
Fifth Factor
 = 
0.99 * (
Revenue
/
Total Assets )

ING Group Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for ING Group is extremely important. It helps to project a fair market value of Ford stock properly, considering its historical fundamentals such as Z Score. Since ING Group's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of ING Group's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of ING Group's interrelated accounts and indicators.
To calculate Z-Score one would need to know current working capital of the company, its total assets, and liabilities, amount of latest retained earnings as well as earnings before interest and tax. Z-Score can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area' with scores of less than 1, indicating the high probability of distress. Z Score is used widely by financial auditors, accountants, money managers, loan processers, wealth advisers, as well as day traders. In the last 25 years, many financial models that utilize z score has been proved to be successful as a predictor of corporate bankruptcy.
Compare to competition

According to the company's disclosures, ING Group NV has a Z Score of 0.0. This is 100.0% lower than that of the Banks sector and about the same as Financials (which currently averages 0.0) industry. The z score for all United States stocks is 100.0% higher than that of the company.

ING Group Current Valuation Drivers

We derive many important indicators used in calculating different scores of ING Group from analyzing ING Group's financial statements. These drivers represent accounts that assess ING Group's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of ING Group's important valuation drivers and their relationship over time.
201720182019202020212022 (projected)
Average Assets1,088.52 B922.25 B843.05 B864.24 B777.82 B853.36 B
Earnings Before Interest Taxes and Depreciation Amortization EBITDA7.48 B7.22 B8.52 B7.4 B8.51 B8.34 B
Earnings Before Interest Taxes and Depreciation Amortization USD8.13 B7.59 B10.23 B8.5 B9.78 B9.8 B
Earnings before Tax6.85 B6.68 B8 B6.88 B7.91 B7.56 B
Average Equity46.26 B46.11 B47.84 B48.74 B56.05 B55.78 B
Enterprise Value185.41 B184.81 B181.66 B151.22 B136.1 B160.84 B
Free Cash Flow10.28 B8.21 B(5.48 B)6.65 B7.64 B8.25 B
Invested Capital1,116.96 B943.04 B932.47 B966.25 B869.63 B941.87 B
Invested Capital Average1,211.17 B1,030 B937.76 B949.36 B854.43 B945.65 B
Market Capitalization51.94 B54.57 B71.6 B41.42 B47.64 B53.07 B
Tangible Asset Value1,000.72 B840.73 B842.41 B882.76 B794.49 B851.87 B

ING Group Institutional Holders

Institutional Holdings refers to the ownership stake in ING Group that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of ING Group's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing ING Group's value.
Security TypeSharesValue
Zweigdimenna Associates LlcCommon Shares15.1 K278 K
Zweigdimenna Associates LlcCommon Shares15.7 K273 K
Zweigdimenna Associates LlcCommon Shares18.3 K276 K
Zurcher Kantonalbank Zurich CantonalbankDebt13.4 M14.1 M
Zions Bancorporation NaCommon Shares1.9 K16 K
Zions Bancorporation NaCommon Shares2.2 K22 K
Zions Bancorporation NaCommon Shares1.7 K18 K
Zions Bancorporation NaCommon Shares1.8 K25 K

ING Group Fundamentals

About ING Group Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze ING Group NV's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ING Group using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of ING Group NV based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
ING Groep N.V., a financial institution, provides various banking products and services in the Netherlands, Belgium, Germany, Poland, Rest of Europe, North America, Latin America, Asia, and Australia. ING Groep N.V. was founded in 1762 and is headquartered in Amsterdam, the Netherlands. ING Groep operates under BanksDiversified classification in the United States and is traded on New York Stock Exchange. It employs 57000 people.

Be your own money manager

Our tools can tell you how much better you can do entering a position in ING Group without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Portfolio Diagnostics Now

   

Portfolio Diagnostics

Use generated alerts and portfolio events aggregator to diagnose current holdings
All  Next Launch Module

Becoming a Better Investor with Macroaxis

Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as ING Group NV using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.

Build Optimal Portfolios

Align your risk with return expectations

Fix your portfolio
By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations
Please see ING Group Piotroski F Score and ING Group Valuation analysis. You can also try Commodity Channel Index module to use Commodity Channel Index to analyze current equity momentum.

Complementary Tools for analysis

When running ING Group NV price analysis, check to measure ING Group's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ING Group is operating at the current time. Most of ING Group's value examination focuses on studying past and present price action to predict the probability of ING Group's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move ING Group's price. Additionally, you may evaluate how the addition of ING Group to your portfolios can decrease your overall portfolio volatility.
Instant Ratings
Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance
Go
Price Transformation
Use Price Transformation models to analyze depth of different equity instruments across global markets
Go
Equity Forecasting
Use basic forecasting models to generate price predictions and determine price momentum
Go
Equity Valuation
Check real value of public entities based on technical and fundamental data
Go
Instant Ratings
Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance
Go
Sync Your Broker
Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors.
Go
Portfolio Diagnostics
Use generated alerts and portfolio events aggregator to diagnose current holdings
Go
Companies Directory
Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals
Go
Price Exposure Probability
Analyze equity upside and downside potential for a given time horizon across multiple markets
Go
Is ING Group's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ING Group. If investors know ING Group will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ING Group listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
(0.25) 
Market Capitalization
44.2 B
Quarterly Revenue Growth YOY
(0.12) 
Return On Assets
0.0035
Return On Equity
0.067
The market value of ING Group NV is measured differently than its book value, which is the value of ING Group that is recorded on the company's balance sheet. Investors also form their own opinion of ING Group's value that differs from its market value or its book value, called intrinsic value, which is ING Group's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ING Group's market value can be influenced by many factors that don't directly affect ING Group's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ING Group's value and its price as these two are different measures arrived at by different means. Investors typically determine ING Group value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ING Group's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.