ING Historical Income Statement
| ING Stock | USD 15.45 0.18 1.18% |
Historical analysis of ING Group income statement accounts such as Selling General Administrative of 14.1 B or Total Revenue of 33.2 B can show how well ING Group NV performed in making a profits. Evaluating ING Group income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of ING Group's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining ING Group NV latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether ING Group NV is a good buy for the upcoming year.
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About ING Income Statement Analysis
ING Group NV Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to ING Group shareholders. The income statement also shows ING investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
ING Group Income Statement Chart
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Total Revenue
Total revenue comprises all receipts ING Group NV generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of ING Group NV minus its cost of goods sold. It is profit before ING Group operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of ING Group NV. It is also known as ING Group overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Most accounts from ING Group's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into ING Group NV current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in ING Group NV. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. At this time, ING Group's Total Revenue is most likely to decrease significantly in the upcoming years. The ING Group's current Gross Profit is estimated to increase to about 33.2 B, while Other Operating Expenses is projected to decrease to roughly 14.8 B.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 7.5B | 14.7B | 36.3B | 33.0B | Depreciation And Amortization | 834M | 711M | 674M | 685.2M |
ING Group income statement Correlations
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ING Group Account Relationship Matchups
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ING Group income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 789M | 829M | 834M | 711M | 674M | 685.2M | |
| Interest Expense | 14.4B | 9.1B | 7.5B | 14.7B | 36.3B | 33.0B | |
| Selling General Administrative | 6.1B | 6.1B | 6.2B | 6.9B | 7.3B | 14.1B | |
| Total Revenue | 18.3B | 17.8B | 18.3B | 29M | 22.4B | 33.2B | |
| Gross Profit | 18.3B | 17.8B | 18.3B | 29M | 22.6B | 33.2B | |
| Other Operating Expenses | 11.6B | 14.1B | 11.6B | 4.7B | 22.4B | 14.8B | |
| Operating Income | 6.7B | 3.7B | 6.7B | 4.7B | (235M) | (223.3M) | |
| Ebit | 6.7B | 3.7B | 6.6B | 5.4B | (909M) | (863.6M) | |
| Ebitda | 7.5B | 4.6B | 7.5B | 6.1B | (235M) | (223.3M) | |
| Total Operating Expenses | (11.6B) | (14.1B) | (11.6B) | 4.7B | 22.4B | 23.5B | |
| Income Before Tax | 6.8B | 3.8B | 6.8B | 5.5B | 10.5B | 6.4B | |
| Total Other Income Expense Net | 98M | (829M) | (834M) | (711M) | 10.5B | 11.0B | |
| Net Income | 4.8B | 2.5B | 4.8B | 3.7B | 7.3B | 7.7B | |
| Income Tax Expense | 2.0B | 1.3B | 1.9B | 1.7B | 3.0B | 3.1B | |
| Selling And Marketing Expenses | 391M | 335M | 305M | 331M | 369M | 433.0M | |
| Cost Of Revenue | 158M | 18M | 0.0 | (171M) | (196.7M) | (186.8M) | |
| Net Income Applicable To Common Shares | 4.8B | 2.5B | 4.8B | 3.7B | 3.3B | 4.6B | |
| Minority Interest | 893M | 1.0B | (128M) | (102M) | (235M) | (223.3M) | |
| Net Income From Continuing Ops | 4.0B | 2.3B | 4.9B | 3.8B | 7.5B | 5.2B | |
| Tax Provision | 2.0B | 1.2B | 1.9B | 1.7B | 3.0B | 2.1B | |
| Net Interest Income | 13.1B | 12.5B | 13.6B | 13.8B | 16.0B | 14.7B | |
| Interest Income | 28.2B | 22.6B | 13.6B | 13.8B | 52.2B | 54.8B | |
| Reconciled Depreciation | 789M | 829M | 834M | 711M | 674M | 766.4M |
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When determining whether ING Group NV is a strong investment it is important to analyze ING Group's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact ING Group's future performance. For an informed investment choice regarding ING Stock, refer to the following important reports:Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in ING Group NV. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Is Diversified Banks space 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 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 0.054 | Dividend Share 1.106 | Earnings Share 2.18 | Revenue Per Share 5.223 | Quarterly Revenue Growth (0.01) |
The market value of ING Group NV is measured differently than its book value, which is the value of ING 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 if ING Group is a good investment 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.