$ING Groep (ING.US)$Dutch company listed in 1997, internatio...

There has been a slight increase in revenue over the past 5 years. The 5-year average net profit was 4.17 billion euros. The net profit of minority shareholders accounted for 2.7% of net profit in 2022, which had little impact. The 5-year average net profit attributable to common shareholders was 4.06 billion euros (US$4.41 billion). The return on net assets in 2022 was 7.1%, and the 5-year arithmetic average was 7.9%.

In the first half of 2023, revenue increased 20.2%, and net profit increased 1.3 times to reach 3.75 billion dollars.

The balance ratio has increased from 94.2% to 94.8% in the past 5 years, and is currently 95%. Goodwill and other intangible assets account for 2.2% of net assets. There are very few treasury shares, and the share capital of common stock has continued to decline recently.

Currently, the price-earnings ratio is 12.6, and the price-earnings ratio is TTM 6.6. The 5-year average net profit corresponds to a price-earnings ratio of 10.5, a net price-earnings ratio of 0.84, and a dividend ratio of 4.4%. In the long run, dividends are extremely unstable, and the current valuation is not very attractive.