VOYA FINANCIAL INC (VOYA) Stock Fundamental Analysis
NYSE:VOYA - New York Stock Exchange, Inc. - US9290891004 - Common Stock - Currency: USD
Overall VOYA gets a fundamental rating of 4 out of 10. We evaluated VOYA against 101 industry peers in the Financial Services industry. VOYA may be in some trouble as it scores bad on both profitability and health. VOYA may be a bit undervalued, certainly considering the very reasonable score on growth
1. Profitability
1.1 Basic Checks
In the past year VOYA was profitable.
In the past year VOYA had a positive cash flow from operations.
VOYA had positive earnings in 4 of the past 5 years.
Of the past 5 years VOYA 4 years had a positive operating cash flow.
1.2 Ratios
VOYA's Return On Assets of 0.39% is on the low side compared to the rest of the industry. VOYA is outperformed by 69.31% of its industry peers.
The Return On Equity of VOYA (13.80%) is better than 61.39% of its industry peers.
VOYA has a worse Return On Invested Capital (0.54%) than 64.36% of its industry peers.
VOYA had an Average Return On Invested Capital over the past 3 years of 0.45%. This is significantly below the industry average of 7.75%.
The 3 year average ROIC (0.45%) for VOYA is below the current ROIC(0.54%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.39% | ||
| ROE | 13.8% | ||
| ROIC | 0.54% |
ROA(3y)0.36%
ROA(5y)0.43%
ROE(3y)14.61%
ROE(5y)13.35%
ROIC(3y)0.45%
ROIC(5y)0.6%
1.3 Margins
VOYA's Profit Margin of 8.28% is in line compared to the rest of the industry. VOYA outperforms 40.59% of its industry peers.
In the last couple of years the Profit Margin of VOYA has declined.
The Operating Margin of VOYA (14.51%) is comparable to the rest of the industry.
VOYA's Operating Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 14.51% | ||
| PM (TTM) | 8.28% | ||
| GM | N/A |
OM growth 3Y-45.64%
OM growth 5Y0.34%
PM growth 3Y-46%
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
The number of shares outstanding for VOYA has been reduced compared to 1 year ago.
VOYA has less shares outstanding than it did 5 years ago.
The debt/assets ratio for VOYA is higher compared to a year ago.
2.2 Solvency
The Debt to FCF ratio of VOYA is 1.53, which is an excellent value as it means it would take VOYA, only 1.53 years of fcf income to pay off all of its debts.
VOYA has a Debt to FCF ratio of 1.53. This is in the better half of the industry: VOYA outperforms 77.23% of its industry peers.
VOYA has a Debt/Equity ratio of 0.45. This is a healthy value indicating a solid balance between debt and equity.
VOYA has a Debt to Equity ratio of 0.45. This is comparable to the rest of the industry: VOYA outperforms 57.43% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.45 | ||
| Debt/FCF | 1.53 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
The earnings per share for VOYA have decreased by -1.82% in the last year.
Measured over the past years, VOYA shows a quite strong growth in Earnings Per Share. The EPS has been growing by 11.08% on average per year.
The Revenue has grown by 9.55% in the past year. This is quite good.
VOYA shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 1.31% yearly.
EPS 1Y (TTM)-1.82%
EPS 3Y-3.34%
EPS 5Y11.08%
EPS Q2Q%-14.11%
Revenue 1Y (TTM)9.55%
Revenue growth 3Y23.9%
Revenue growth 5Y1.31%
Sales Q2Q%10.5%
3.2 Future
Based on estimates for the next years, VOYA will show a quite strong growth in Earnings Per Share. The EPS will grow by 16.91% on average per year.
Based on estimates for the next years, VOYA will show a small growth in Revenue. The Revenue will grow by 2.69% on average per year.
EPS Next Y14.88%
EPS Next 2Y18.21%
EPS Next 3Y16.91%
EPS Next 5YN/A
Revenue Next Year6.22%
Revenue Next 2Y5.76%
Revenue Next 3Y2.69%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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
The Price/Earnings ratio is 9.52, which indicates a very decent valuation of VOYA.
Compared to the rest of the industry, the Price/Earnings ratio of VOYA indicates a somewhat cheap valuation: VOYA is cheaper than 70.30% of the companies listed in the same industry.
VOYA is valuated cheaply when we compare the Price/Earnings ratio to 29.63, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 8.28, which indicates a very decent valuation of VOYA.
VOYA's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. VOYA is cheaper than 69.31% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.68. VOYA is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.52 | ||
| Fwd PE | 8.28 |
4.2 Price Multiples
95.05% of the companies in the same industry are more expensive than VOYA, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.24 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as VOYA's earnings are expected to grow with 16.91% in the coming years.
PEG (NY)0.64
PEG (5Y)0.86
EPS Next 2Y18.21%
EPS Next 3Y16.91%
5. Dividend
5.1 Amount
VOYA has a Yearly Dividend Yield of 2.45%.
VOYA's Dividend Yield is a higher than the industry average which is at 3.84.
Compared to an average S&P500 Dividend Yield of 2.29, VOYA has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.45% |
5.2 History
The dividend of VOYA is nicely growing with an annual growth rate of 112.97%!
VOYA has been paying a dividend for at least 10 years, so it has a reliable track record.
VOYA has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)112.97%
Div Incr Years4
Div Non Decr Years4
5.3 Sustainability
VOYA pays out 32.41% of its income as dividend. This is a sustainable payout ratio.
The dividend of VOYA is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP32.41%
EPS Next 2Y18.21%
EPS Next 3Y16.91%
71.95
-1.61 (-2.19%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryFinancial Services
Earnings (Last)
Earnings (Next)
Inst Owners101.39%
Inst Owner Change0.08%
Ins Owners0.18%
Ins Owner Change-1.2%
Market Cap6.91B
Analysts73
Price Target81.97 (13.93%)
Short Float %1.99%
Short Ratio2.08
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.45% |
Yearly Dividend1.63
Dividend Growth(5Y)112.97%
DP32.41%
Div Incr Years4
Div Non Decr Years4
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)2.9%
Min EPS beat(2)1.8%
Max EPS beat(2)3.99%
EPS beat(4)3
Avg EPS beat(4)0.41%
Min EPS beat(4)-11.96%
Max EPS beat(4)7.8%
EPS beat(8)5
Avg EPS beat(8)5.95%
EPS beat(12)9
Avg EPS beat(12)18.93%
EPS beat(16)13
Avg EPS beat(16)24.82%
Revenue beat(2)2
Avg Revenue beat(2)4.83%
Min Revenue beat(2)3.11%
Max Revenue beat(2)6.55%
Revenue beat(4)4
Avg Revenue beat(4)6.3%
Min Revenue beat(4)3.11%
Max Revenue beat(4)11.83%
Revenue beat(8)4
Avg Revenue beat(8)2.12%
Revenue beat(12)6
Avg Revenue beat(12)0.35%
Revenue beat(16)9
Avg Revenue beat(16)-5.34%
PT rev (1m)-3.29%
PT rev (3m)-2.96%
EPS NQ rev (1m)-60.9%
EPS NQ rev (3m)-61.63%
EPS NY rev (1m)-9.8%
EPS NY rev (3m)-13.32%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)-0.41%
Revenue NY rev (3m)-0.84%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.52 | ||
| Fwd PE | 8.28 | ||
| P/S | 0.88 | ||
| P/FCF | 4.24 | ||
| P/OCF | 4.24 | ||
| P/B | 1.46 | ||
| P/tB | 2.22 | ||
| EV/EBITDA | N/A |
EPS(TTM)7.56
EY10.51%
EPS(NY)8.68
Fwd EY12.07%
FCF(TTM)16.98
FCFY23.6%
OCF(TTM)16.98
OCFY23.6%
SpS81.86
BVpS49.16
TBVpS32.39
PEG (NY)0.64
PEG (5Y)0.86
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.39% | ||
| ROE | 13.8% | ||
| ROCE | 0.68% | ||
| ROIC | 0.54% | ||
| ROICexc | 0.55% | ||
| ROICexgc | 1.78% | ||
| OM | 14.51% | ||
| PM (TTM) | 8.28% | ||
| GM | N/A | ||
| FCFM | 20.74% |
ROA(3y)0.36%
ROA(5y)0.43%
ROE(3y)14.61%
ROE(5y)13.35%
ROIC(3y)0.45%
ROIC(5y)0.6%
ROICexc(3y)0.46%
ROICexc(5y)0.61%
ROICexgc(3y)1.41%
ROICexgc(5y)1.76%
ROCE(3y)0.57%
ROCE(5y)0.77%
ROICexcg growth 3Y-25.84%
ROICexcg growth 5Y12.89%
ROICexc growth 3Y-31.6%
ROICexc growth 5Y2.36%
OM growth 3Y-45.64%
OM growth 5Y0.34%
PM growth 3Y-46%
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score7
Asset Turnover0.05
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.45 | ||
| Debt/FCF | 1.53 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 250 | ||
| Cash Conversion | N/A | ||
| Profit Quality | 250.38% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score7
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-1.82%
EPS 3Y-3.34%
EPS 5Y11.08%
EPS Q2Q%-14.11%
EPS Next Y14.88%
EPS Next 2Y18.21%
EPS Next 3Y16.91%
EPS Next 5YN/A
Revenue 1Y (TTM)9.55%
Revenue growth 3Y23.9%
Revenue growth 5Y1.31%
Sales Q2Q%10.5%
Revenue Next Year6.22%
Revenue Next 2Y5.76%
Revenue Next 3Y2.69%
Revenue Next 5YN/A
EBIT growth 1Y10.68%
EBIT growth 3Y-32.64%
EBIT growth 5Y1.66%
EBIT Next Year7.72%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y9.18%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y9.18%
OCF growth 3YN/A
OCF growth 5YN/A