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ING Groep N.V. Message Board

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  • zk2013 zk2013 May 25, 2012 11:27 AM Flag

    Undervalued

    If this is not undervalued, I dont know what is?

    Snapshot
    All data in USD
    Average Recommendation: Overweight
    Average Target Price: 10.45

    Number of Ratings: 32
    Current Quarters Estimate: 0.37
    FY Report Date: 12 / 2012
    Current Year's Estimate: 1.49

    Last Quarter's Earnings: 0.21
    Median PE on CY Estimate: 4.11

    Year Ago Earnings: 1.70
    Next Fiscal Year Estimate: 1.69
    Median PE on Next FY Estimate: 3.49

    Earnings Per Share
    (This Quarter) (Next Quarter) (This Fiscal) (Next Fiscal)
    # of Estimates 1.00 1.00 29.00 27.00
    Mean Estimate 0.37 0.37 1.49 1.69
    High Estimates 0.37 0.37 2.00 2.03
    Low Estimates 0.37 0.37 0.96 0.98

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    • US and even more the European banks, currently and for the forseeable 1-2 years future, stays a minefield.

      JPM is just the latest example.
      Unpredictable EU regulatory environments, and the crisis of the European financial union make EU financial institutions, incl. ING, a real gamble from investors point of view. This is mirrored at ING valuation ratios.

      Still, everyday life and business investment IN EU is a credit based system. Its hard to imagine any kind of sustainable economic recovery and expansion without the financial sector, particularly banks, participating.

      In 2-3 years ING could be a well-capitalised, from sold insurance even acquisition-hungry bank, with cca. 6B/y earnings machine.

      But first, just say thanks and replace the current crisis-conscientious and every-quarter-failed management, to a future-oriented imaginative new executives. Roll over, Jan Hommen.

 
ING
13.21+0.10(+0.76%)Dec 19 4:03 PMEST

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