Aegon NV (AGN) AI Stock Analysis

• Market Cap: €8.88B
• Dividend Yield: 5.61%
• Average Volume (3M): 7.77M
• Price to Earnings (P/E): 13.6
• Beta (1Y): 1.00
• Revenue Growth: -5.08%
• EPS Growth: N/A
• Country: NL
• Employees: 15,700
• Sector: Financial
• Sector Strength: 84
• Industry: Insurance
• EPS (TTM): 0.43
• Shares Outstanding: 1,652,797,500
• 10 Day Avg. Volume: 4,855,276
• 30 Day Avg. Volume: 7,765,049
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.94
• Price to Cash Flow (P/CF): N/A
• P/FCF Ratio: 17.78
• 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: €6.85
• Price Target Upside: 20.18% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 6

Aegon NV's overall stock score reflects a balanced view of strengths and weaknesses. The company's financial performance shows improvement in profitability and cash flow, but concerns about high debt and low equity persist. Technical indicators suggest a cautious outlook with limited upward momentum. However, the stock's valuation remains attractive, supported by a reasonable P/E ratio and a strong dividend yield, providing some appeal to investors seeking income.

Positive Factors

Buyback Plan

A new buyback plan of €150m is announced to start next year, signaling a commitment to returning excess cash.

Capital Return

AGN’s capital / cash positions are strong, giving ample visibility that the group would be able to return nearly 40% of its market cap over 2025-27 via dividends and buybacks.

Financial Guidance

Management increases the operating capital generation guidance for this year, indicating a positive variance to consensus estimates.

Negative Factors

Business Performance

US new business was weak with $13bn of outflows in retirement plans due to higher participant withdrawals.

Financial Ratios

Aegon reported an RBC ratio of 435%, missing expectations by 13%pts, driven by unfavorable one-time items.

Market Perception

Another disappointing update from Aegon leads the market to question the speed at which the group can be turned around.

Aegon NV Business Overview & Revenue Model

Company Description

Aegon N.V. is a multinational life insurance, pensions, and asset management company headquartered in The Hague, Netherlands. Founded in 1983, Aegon operates in multiple countries across Europe, the Americas, and Asia, providing a range of financial services including life insurance, pension plans, savings accounts, and investment products. The company aims to help individuals achieve a lifetime of financial security by offering products and services that meet their evolving needs.

How the Company Makes Money

Aegon N.V. generates revenue primarily through premiums collected from its life insurance and pension products, as well as fees from its asset management services. The company earns income by managing assets on behalf of its clients, charging management fees based on the assets under management. Additionally, Aegon invests the premiums it collects into a diversified portfolio of stocks, bonds, and other financial instruments, generating investment income. Aegon also benefits from strategic partnerships and joint ventures in various international markets, which enhance its distribution capabilities and expand its product offerings, contributing to its overall earnings.

Aegon NV Financial Statement Overview

Summary

Income Statement

Balance Sheet

Cash Flow

Breakdown
Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
29.54B	-15.85B	46.14B	44.33B	61.14B
	Gross Profit
22.88B	-15.85B	46.14B	44.33B	61.14B
	EBIT
146.00M	-1.62B	2.24B	-493.00M	1.33B
	EBITDA
-204.00M	912.00M	2.21B	169.00M	2.59B
	Net Income Common Stockholders
-179.00M	-1.02B	1.98B	-135.00M	1.24B
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
4.07B	64.31B	108.25B	109.00B	103.46B
	Total Assets
301.58B	401.79B	468.25B	443.81B	440.35B
	Total Debt
4.92B	6.67B	12.23B	11.07B	12.02B
	Net Debt
842.00M	3.27B	5.34B	2.71B	-234.00M
	Total Liabilities
292.03B	387.60B	441.88B	419.15B	415.91B
	Stockholders Equity
7.55B	14.01B	26.18B	24.59B	24.42B
Cash Flow		Free Cash Flow
748.00M	2.75B	-1.91B	-2.97B	7.15B
	Operating Cash Flow
864.00M	2.85B	-1.80B	-2.85B	7.30B
	Investing Cash Flow
-2.00B	616.00M	-54.00M	-139.00M	-86.00M
	Financing Cash Flow
-3.24B	-1.92B	300.00M	-778.00M	-3.73B

Aegon NV Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 5.70
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NL:AGN, the sentiment is Neutral. The current price of 5.7 is above the 20-day moving average (MA) of 5.56, below the 50-day MA of 5.84, and below the 200-day MA of 5.82, indicating a neutral trend. The MACD of -0.10 indicates Negative momentum. The RSI at 52.40 is Neutral, neither overbought nor oversold. The STOCH value of 94.77 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for NL:AGN.

Aegon NV Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
WKL	73 Outperform	€34.60B	33.63	65.51%	1.43%	5.95%	10.49%
NN	73 Outperform	€13.65B	9.48	7.69%	6.37%	-5.38%	38.01%
ABN	71 Outperform	€14.95B	6.61	10.73%	8.39%	5.04%	-7.69%
VLK	63 Neutral	€2.09B	15.82	10.90%	4.06%	58.95%	―
Sector *	63 Neutral	$12.31B	9.55	7.88%	79.24%	12.71%	-4.71%
AGN	59 Neutral	€8.88B	13.59	9.26%	5.61%	-5.08%	―