VICTORY CAPITAL HOLDING - A (VCTR)
US92645B1035 - Common Stock
Overall VCTR gets a fundamental rating of 7 out of 10. We evaluated VCTR against 219 industry peers in the Capital Markets industry. VCTR scores excellent on profitability, but there are some minor concerns on its financial health. VCTR is growing strongly while it also seems undervalued. This is an interesting combination These ratings could make VCTR a good candidate for value and growth investing.
1. Profitability
1.1 Basic Checks
VCTR had positive earnings in the past year.
VCTR had a positive operating cash flow in the past year.
VCTR had positive earnings in each of the past 5 years.
Each year in the past 5 years VCTR had a positive operating cash flow.
1.2 Ratios
The Return On Assets of VCTR (10.23%) is better than 86.92% of its industry peers.
Looking at the Return On Equity, with a value of 22.74%, VCTR belongs to the top of the industry, outperforming 92.52% of the companies in the same industry.
VCTR's Return On Invested Capital of 13.27% is amongst the best of the industry. VCTR outperforms 90.19% of its industry peers.
VCTR had an Average Return On Invested Capital over the past 3 years of 13.12%. This is significantly above the industry average of 6.63%.
The 3 year average ROIC (13.12%) for VCTR is below the current ROIC(13.27%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.23% | ||
| ROE | 22.74% | ||
| ROIC | 13.27% |
ROA(3y)10.01%
ROA(5y)9.51%
ROE(3y)25.35%
ROE(5y)24.65%
ROIC(3y)13.12%
ROIC(5y)13.5%
1.3 Margins
VCTR has a better Profit Margin (30.81%) than 73.36% of its industry peers.
VCTR's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 46.00%, VCTR is in the better half of the industry, outperforming 78.04% of the companies in the same industry.
In the last couple of years the Operating Margin of VCTR has grown nicely.
VCTR has a Gross Margin of 83.16%. This is amongst the best in the industry. VCTR outperforms 85.51% of its industry peers.
In the last couple of years the Gross Margin of VCTR has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 46% | ||
| PM (TTM) | 30.81% | ||
| GM | 83.16% |
OM growth 3Y-2.07%
OM growth 5Y6.99%
PM growth 3Y-1.79%
PM growth 5Y11%
GM growth 3Y1.88%
GM growth 5Y1.19%
2. Health
2.1 Basic Checks
The number of shares outstanding for VCTR has been reduced compared to 1 year ago.
Compared to 5 years ago, VCTR has less shares outstanding
VCTR has a worse debt/assets ratio than last year.
2.2 Solvency
VCTR has an Altman-Z score of 3.11. This indicates that VCTR is financially healthy and has little risk of bankruptcy at the moment.
VCTR has a Altman-Z score of 3.11. This is amongst the best in the industry. VCTR outperforms 80.37% of its industry peers.
The Debt to FCF ratio of VCTR is 2.86, which is a good value as it means it would take VCTR, 2.86 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of VCTR (2.86) is better than 77.57% of its industry peers.
VCTR has a Debt/Equity ratio of 0.84. This is a neutral value indicating VCTR is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.84, VCTR is in line with its industry, outperforming 58.41% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.84 | ||
| Debt/FCF | 2.86 | ||
| Altman-Z | 3.11 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 1.09 indicates that VCTR should not have too much problems paying its short term obligations.
VCTR has a Current ratio (1.09) which is in line with its industry peers.
VCTR has a Quick Ratio of 1.09. This is a normal value and indicates that VCTR is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of VCTR (1.09) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.09 | ||
| Quick Ratio | 1.09 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 3.96% over the past year.
The Earnings Per Share has been growing by 21.71% on average over the past years. This is a very strong growth
Looking at the last year, VCTR shows a small growth in Revenue. The Revenue has grown by 6.15% in the last year.
Measured over the past years, VCTR shows a quite strong growth in Revenue. The Revenue has been growing by 14.71% on average per year.
EPS 1Y (TTM)3.96%
EPS 3Y4.12%
EPS 5Y21.71%
EPS Q2Q%0.85%
Revenue 1Y (TTM)6.15%
Revenue growth 3Y1.92%
Revenue growth 5Y14.71%
Sales Q2Q%7.6%
3.2 Future
VCTR is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 16.57% yearly.
The Revenue is expected to grow by 20.33% on average over the next years. This is a very strong growth
EPS Next Y17%
EPS Next 2Y18.42%
EPS Next 3Y16.57%
EPS Next 5YN/A
Revenue Next Year8.98%
Revenue Next 2Y25.44%
Revenue Next 3Y20.33%
Revenue Next 5YN/A
3.3 Evolution
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 14.81, VCTR is valued correctly.
VCTR's Price/Earnings is on the same level as the industry average.
When comparing the Price/Earnings ratio of VCTR to the average of the S&P500 Index (27.41), we can say VCTR is valued slightly cheaper.
VCTR is valuated reasonably with a Price/Forward Earnings ratio of 10.75.
Based on the Price/Forward Earnings ratio, VCTR is valued a bit cheaper than 64.02% of the companies in the same industry.
VCTR's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 23.69.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.81 | ||
| Fwd PE | 10.75 |
4.2 Price Multiples
VCTR's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. VCTR is cheaper than 83.64% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, VCTR is valued a bit cheaper than the industry average as 64.95% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.51 | ||
| EV/EBITDA | 11.85 |
4.3 Compensation for Growth
VCTR's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
VCTR has an outstanding profitability rating, which may justify a higher PE ratio.
VCTR's earnings are expected to grow with 16.57% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.87
PEG (5Y)0.68
EPS Next 2Y18.42%
EPS Next 3Y16.57%
5. Dividend
5.1 Amount
VCTR has a Yearly Dividend Yield of 2.36%.
Compared to an average industry Dividend Yield of 9.65, VCTR is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 2.33, VCTR has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.36% |
5.2 History
The dividend of VCTR is nicely growing with an annual growth rate of 156.05%!
VCTR has been paying a dividend for over 5 years, so it has already some track record.
As VCTR did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)156.05%
Div Incr Years5
Div Non Decr Years5
5.3 Sustainability
35.05% of the earnings are spent on dividend by VCTR. This is a low number and sustainable payout ratio.
VCTR's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP35.05%
EPS Next 2Y18.42%
EPS Next 3Y16.57%
VICTORY CAPITAL HOLDING - A
NASDAQ:VCTR (1/3/2025, 8:08:33 PM)
After market: 66.05 0 (0%)66.05
+0.23 (+0.35%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners60.1%
Inst Owner Change1.57%
Ins Owners9.55%
Ins Owner Change3.49%
Market Cap4.30B
Analysts76.25
Price Target73.21 (10.84%)
Short Float %4.08%
Short Ratio4.75
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.36% |
Dividend Growth(5Y)156.05%
DP35.05%
Div Incr Years5
Div Non Decr Years5
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-10.05%
Min EPS beat(2)-10.36%
Max EPS beat(2)-9.74%
EPS beat(4)0
Avg EPS beat(4)-10.84%
Min EPS beat(4)-12.71%
Max EPS beat(4)-9.74%
EPS beat(8)1
Avg EPS beat(8)-7.01%
EPS beat(12)3
Avg EPS beat(12)-4.05%
EPS beat(16)7
Avg EPS beat(16)-2.6%
Revenue beat(2)0
Avg Revenue beat(2)-1.59%
Min Revenue beat(2)-1.9%
Max Revenue beat(2)-1.29%
Revenue beat(4)0
Avg Revenue beat(4)-1.76%
Min Revenue beat(4)-2.83%
Max Revenue beat(4)-1.01%
Revenue beat(8)0
Avg Revenue beat(8)-1.39%
Revenue beat(12)0
Avg Revenue beat(12)-2.12%
Revenue beat(16)0
Avg Revenue beat(16)-2.08%
PT rev (1m)6.95%
PT rev (3m)31.55%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0.91%
EPS NY rev (1m)-0.55%
EPS NY rev (3m)0.32%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.28%
Revenue NY rev (1m)0.01%
Revenue NY rev (3m)1.13%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.81 | ||
| Fwd PE | 10.75 | ||
| P/S | 4.95 | ||
| P/FCF | 12.51 | ||
| P/OCF | 12.44 | ||
| P/B | 3.66 | ||
| P/tB | N/A | ||
| EV/EBITDA | 11.85 |
EPS(TTM)4.46
EY6.75%
EPS(NY)6.14
Fwd EY9.3%
FCF(TTM)5.28
FCFY7.99%
OCF(TTM)5.31
OCFY8.04%
SpS13.33
BVpS18.06
TBVpS-16.5
PEG (NY)0.87
PEG (5Y)0.68
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.23% | ||
| ROE | 22.74% | ||
| ROCE | 17.01% | ||
| ROIC | 13.27% | ||
| ROICexc | 14.43% | ||
| ROICexgc | N/A | ||
| OM | 46% | ||
| PM (TTM) | 30.81% | ||
| GM | 83.16% | ||
| FCFM | 39.61% |
ROA(3y)10.01%
ROA(5y)9.51%
ROE(3y)25.35%
ROE(5y)24.65%
ROIC(3y)13.12%
ROIC(5y)13.5%
ROICexc(3y)13.59%
ROICexc(5y)13.89%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)16.82%
ROCE(5y)17.31%
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3Y-9.96%
ROICexc growth 5Y-1.46%
OM growth 3Y-2.07%
OM growth 5Y6.99%
PM growth 3Y-1.79%
PM growth 5Y11%
GM growth 3Y1.88%
GM growth 5Y1.19%
F-Score9
Asset Turnover0.33
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.84 | ||
| Debt/FCF | 2.86 | ||
| Debt/EBITDA | 2.29 | ||
| Cap/Depr | 6.18% | ||
| Cap/Sales | 0.22% | ||
| Interest Coverage | 5.08 | ||
| Cash Conversion | 80.41% | ||
| Profit Quality | 128.54% | ||
| Current Ratio | 1.09 | ||
| Quick Ratio | 1.09 | ||
| Altman-Z | 3.11 |
F-Score9
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)30.67%
Cap/Depr(5y)32.63%
Cap/Sales(3y)0.89%
Cap/Sales(5y)0.91%
Profit Quality(3y)134.29%
Profit Quality(5y)151.44%
High Growth Momentum
Growth
EPS 1Y (TTM)3.96%
EPS 3Y4.12%
EPS 5Y21.71%
EPS Q2Q%0.85%
EPS Next Y17%
EPS Next 2Y18.42%
EPS Next 3Y16.57%
EPS Next 5YN/A
Revenue 1Y (TTM)6.15%
Revenue growth 3Y1.92%
Revenue growth 5Y14.71%
Sales Q2Q%7.6%
Revenue Next Year8.98%
Revenue Next 2Y25.44%
Revenue Next 3Y20.33%
Revenue Next 5YN/A
EBIT growth 1Y16.53%
EBIT growth 3Y-0.18%
EBIT growth 5Y22.73%
EBIT Next Year19.4%
EBIT Next 3Y21.57%
EBIT Next 5YN/A
FCF growth 1Y-7.72%
FCF growth 3Y10.27%
FCF growth 5Y19.79%
OCF growth 1Y-9.19%
OCF growth 3Y9.64%
OCF growth 5Y19.72%