Aegon N.V. (AGN.AS) stock analysis

In our weekly check, Aegon N.V. is graded C (A to F). Of 24 checks on debt, profit, cash flow and trend: 15 pass, warnings: 3, red flags: 6.

About Aegon N.V.

Aegon N.V. is a Financial Services company (Insurance - Diversified) based in the Netherlands, listed on AMS as AGN.AS.

What our checks show for AGN.AS

Red flags

• The gross margin fell by 78.9 points, to 21.1%: costs are rising faster than prices.
• Analysts expect revenue to shrink about 29.1% a year.
• Revenue fell 20.7% a year over the last 3 years.
• The net margin is only 3.6%: little room if costs rise.
• The stock has fallen as much as 90% from a peak. Would you have held through that?
• Return on capital (ROCE) is only 0.3%.

Warning signs

• The net margin fell by 0.7 points over 5 years, to 3.6%: the company keeps less of each sale as profit.
• Free cash flow is only 3.3% of revenue.
• The stock is still below its previous peak.

Strengths

• Analysts expect earnings per share to grow about 18.4% a year over the next years.
• Analysts expect the net margin to improve by 13.1 points from today's 3.6%.
• Earnings per share grew 28.1% a year over the last 3 years.
• The price is 11.2 times earnings (P/E), reasonable for its growth.
• A large company: market value $12.11 billion.
• Beta 0.65: the stock usually moves less than the market.

Similar companies

ASRNL.AS · AGS.BR · AXS · UNI.MI · IAG.TO · NN.AS

Questions

What grade does Aegon N.V. (AGN.AS) have?

In our weekly check, Aegon N.V. is graded C (A to F). Of 24 checks on debt, profit, cash flow and trend: 15 pass, warnings: 3, red flags: 6. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of AGN.AS stock?

This week's biggest flags for Aegon N.V.: Gross margin falling, Weak revenue forecast, Weak revenue growth. In total 9 of 24 checks show a warning or a red flag.

What does Aegon N.V. do?

Aegon N.V. is a Financial Services company (Insurance - Diversified) based in the Netherlands, listed on AMS as AGN.AS.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-24

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