ING Income Statement Research

ING Stock

USD 15.66 0.24 1.51%

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 ING Group Valuation and ING Group Correlation analysis.

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 Operating Income is forecasted to increase to (223.2 M).

	2021	2022	2023	2024 (projected)
Interest Expense	7.5B	14.7B	36.3B	33.0B
Depreciation And Amortization	834M	711M	674M	685.2M

Interest Expense Depreciation And Amortization

ING Group income statement Correlations

	Depreciation And Amortization	Interest Expense	Selling General Administrative	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Selling And Marketing Expenses	Minority Interest	Net Income From Continuing Ops	Tax Provision	Net Interest Income	Interest Income	Reconciled Depreciation
Depreciation And Amortization		0.28	0.7	0.59	0.59	0.63	-0.31	0.18	0.2	-0.64	0.01	0.3	0.35	-0.06	0.59	-0.07	-0.12	-0.09	0.0	-0.13	0.23
Interest Expense	0.28		0.73	0.62	0.62	0.37	0.34	0.73	0.73	0.01	0.05	-0.32	0.23	-0.06	0.84	-0.25	0.0	0.11	0.01	0.72	-0.54
Selling General Administrative	0.7	0.73		0.86	0.86	0.74	-0.02	0.62	0.63	-0.6	-0.3	-0.02	0.08	-0.37	0.91	-0.29	-0.4	-0.19	-0.2	0.33	-0.29
Total Revenue	0.59	0.62	0.86		1.0	0.78	-0.09	0.47	0.48	-0.6	-0.25	0.07	0.2	-0.26	0.79	-0.25	-0.3	-0.05	-0.12	0.55	-0.27
Gross Profit	0.59	0.62	0.86	1.0		0.79	-0.1	0.46	0.47	-0.6	-0.25	0.08	0.2	-0.25	0.79	-0.25	-0.3	-0.04	-0.11	0.54	-0.27
Other Operating Expenses	0.63	0.37	0.74	0.78	0.79		-0.31	0.25	0.26	-0.73	-0.38	0.26	0.08	-0.4	0.54	-0.27	-0.42	-0.22	-0.04	0.23	-0.02
Operating Income	-0.31	0.34	-0.02	-0.09	-0.1	-0.31		0.71	0.7	0.5	-0.08	-0.99	-0.31	-0.23	0.28	0.43	0.07	-0.23	-0.52	0.3	-0.71
Ebit	0.18	0.73	0.62	0.47	0.46	0.25	0.71		1.0	-0.12	-0.32	-0.74	-0.27	-0.54	0.76	0.15	-0.3	-0.35	-0.61	0.41	-0.78
Ebitda	0.2	0.73	0.63	0.48	0.47	0.26	0.7	1.0		-0.13	-0.32	-0.73	-0.27	-0.54	0.77	0.15	-0.3	-0.35	-0.61	0.41	-0.78
Total Operating Expenses	-0.64	0.01	-0.6	-0.6	-0.6	-0.73	0.5	-0.12	-0.13		0.48	-0.4	0.18	0.55	-0.34	0.13	0.62	0.34	0.31	0.21	-0.13
Income Before Tax	0.01	0.05	-0.3	-0.25	-0.25	-0.38	-0.08	-0.32	-0.32	0.48		0.21	0.77	0.86	-0.15	-0.11	0.82	0.85	0.74	0.04	0.23
Total Other Income Expense Net	0.3	-0.32	-0.02	0.07	0.08	0.26	-0.99	-0.74	-0.73	-0.4	0.21		0.44	0.37	-0.28	-0.45	0.04	0.33	0.62	-0.26	0.74
Net Income	0.35	0.23	0.08	0.2	0.2	0.08	-0.31	-0.27	-0.27	0.18	0.77	0.44		0.84	0.15	-0.27	0.67	0.72	0.76	0.23	0.28
Income Tax Expense	-0.06	-0.06	-0.37	-0.26	-0.25	-0.4	-0.23	-0.54	-0.54	0.55	0.86	0.37	0.84		-0.24	-0.14	0.77	0.77	0.79	0.07	0.42
Selling And Marketing Expenses	0.59	0.84	0.91	0.79	0.79	0.54	0.28	0.76	0.77	-0.34	-0.15	-0.28	0.15	-0.24		-0.05	-0.22	-0.08	-0.26	0.47	-0.47
Minority Interest	-0.07	-0.25	-0.29	-0.25	-0.25	-0.27	0.43	0.15	0.15	0.13	-0.11	-0.45	-0.27	-0.14	-0.05		0.04	-0.32	-0.54	-0.19	-0.1
Net Income From Continuing Ops	-0.12	0.0	-0.4	-0.3	-0.3	-0.42	0.07	-0.3	-0.3	0.62	0.82	0.04	0.67	0.77	-0.22	0.04		0.74	0.65	0.13	0.11
Tax Provision	-0.09	0.11	-0.19	-0.05	-0.04	-0.22	-0.23	-0.35	-0.35	0.34	0.85	0.33	0.72	0.77	-0.08	-0.32	0.74		0.8	0.26	0.1
Net Interest Income	0.0	0.01	-0.2	-0.12	-0.11	-0.04	-0.52	-0.61	-0.61	0.31	0.74	0.62	0.76	0.79	-0.26	-0.54	0.65	0.8		0.12	0.43
Interest Income	-0.13	0.72	0.33	0.55	0.54	0.23	0.3	0.41	0.41	0.21	0.04	-0.26	0.23	0.07	0.47	-0.19	0.13	0.26	0.12		-0.57
Reconciled Depreciation	0.23	-0.54	-0.29	-0.27	-0.27	-0.02	-0.71	-0.78	-0.78	-0.13	0.23	0.74	0.28	0.42	-0.47	-0.1	0.11	0.1	0.43	-0.57

Click cells to compare fundamentals

ING Group Account Relationship Matchups

ING Group income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Interest Expense	14.4B	9.1B	7.5B	14.7B	36.3B	33.0B
Total Revenue	18.3B	17.8B	18.3B	29M	22.6B	33.2B
Gross Profit	18.3B	17.8B	18.3B	29M	22.6B	33.2B
Operating Income	6.7B	3.7B	6.7B	4.7B	(235M)	(223.3M)
Ebit	6.7B	3.7B	6.7B	4.7B	(909M)	(863.6M)
Ebitda	7.5B	4.6B	7.5B	5.4B	(235M)	(223.3M)
Income Before Tax	6.8B	3.8B	6.8B	5.5B	10.5B	6.4B
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
Minority Interest	893M	1.0B	(128M)	(102M)	(235M)	(223.3M)
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

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards ING Group in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, ING Group's short interest history, or implied volatility extrapolated from ING Group options trading.

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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:

How To Invest In ING

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Is ING Stock a good investment?

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What is ING Group's Net Worth?

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Check out ING Group Valuation and ING Group Correlation analysis.

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When running ING Group's 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 the 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.

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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 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

(0.83)

Dividend Share

1.106

Earnings Share

2.17

Revenue Per Share

4.947

Quarterly Revenue Growth

(0.95)

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.

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ING Income Statement Research

ING Group income statement Correlations

ING Group Account Relationship Matchups

High Positive Relationship

High Negative Relationship

ING Group income statement Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Gross Profit	+ 1.0	Total Revenue
Ebitda	+ 1.0	Ebit
Selling And Marketing Expenses	+ 0.91	Selling General Administrative
Total Revenue	+ 0.86	Selling General Administrative
Gross Profit	+ 0.86	Selling General Administrative
Income Tax Expense	+ 0.86	Income Before Tax

Total Other Income Expense Net	- 0.99	Operating Income
Reconciled Depreciation	- 0.78	Ebitda
Reconciled Depreciation	- 0.78	Ebit
Total Other Income Expense Net	- 0.74	Ebit
Total Other Income Expense Net	- 0.73	Ebitda
Total Operating Expenses	- 0.73	Other Operating Expenses