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VOYA FINANCIAL INC (VOYA) Stock Fundamental Analysis

NYSE:VOYA - New York Stock Exchange, Inc. - US9290891004 - Common Stock

69.95  -0.05 (-0.07%)

Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to VOYA. VOYA was compared to 101 industry peers in the Financial Services industry. VOYA may be in some trouble as it scores bad on both profitability and health. VOYA has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

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3

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.
In multiple years VOYA reported negative net income over the last 5 years.
VOYA had a positive operating cash flow in each of the past 5 years.
VOYA Yearly Net Income VS EBIT VS OCF VS FCFVOYA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 2B -2B

1.2 Ratios

Looking at the Return On Assets, with a value of 0.39%, VOYA is doing worse than 67.33% of the companies in the same industry.
VOYA has a Return On Equity of 13.80%. This is in the better half of the industry: VOYA outperforms 61.39% of its industry peers.
VOYA has a Return On Invested Capital of 0.54%. This is in the lower half of the industry: VOYA underperforms 63.37% of its industry peers.
VOYA had an Average Return On Invested Capital over the past 3 years of 0.77%. This is significantly below the industry average of 7.84%.
Industry RankSector Rank
ROA 0.39%
ROE 13.8%
ROIC 0.54%
ROA(3y)0.64%
ROA(5y)0.31%
ROE(3y)17.84%
ROE(5y)9.4%
ROIC(3y)0.77%
ROIC(5y)0.6%
VOYA Yearly ROA, ROE, ROICVOYA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 10 -10 20 -20

1.3 Margins

VOYA has a Profit Margin (8.28%) which is in line with its industry peers.
In the last couple of years the Profit Margin of VOYA has declined.
VOYA has a Operating Margin (14.51%) which is in line with its industry peers.
In the last couple of years the Operating Margin of VOYA has grown nicely.
Industry RankSector Rank
OM 14.51%
PM (TTM) 8.28%
GM N/A
OM growth 3Y24.23%
OM growth 5Y6.3%
PM growth 3YN/A
PM growth 5Y-5.43%
GM growth 3YN/A
GM growth 5YN/A
VOYA Yearly Profit, Operating, Gross MarginsVOYA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 20 -20 40 -40 60

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3

2. Health

2.1 Basic Checks

Compared to 1 year ago, VOYA has more shares outstanding
The number of shares outstanding for VOYA has been reduced compared to 5 years ago.
The debt/assets ratio for VOYA has been reduced compared to a year ago.
VOYA Yearly Shares OutstandingVOYA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M 200M
VOYA Yearly Total Debt VS Total AssetsVOYA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 50B 100B 150B 200B

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.
The Debt to FCF ratio of VOYA (1.53) is better than 76.24% of its industry peers.
A Debt/Equity ratio of 0.45 indicates that VOYA is not too dependend on debt financing.
VOYA's Debt to Equity ratio of 0.45 is in line compared to the rest of the industry. VOYA outperforms 57.43% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.45
Debt/FCF 1.53
Altman-Z N/A
ROIC/WACCN/A
WACCN/A
VOYA Yearly LT Debt VS Equity VS FCFVOYA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2B 4B 6B 8B 10B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
VOYA Yearly Current Assets VS Current LiabilitesVOYA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2017 2018 2019 2020 2021 2022 2023 100M 200M 300M

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5

3. Growth

3.1 Past

The earnings per share for VOYA have decreased by -5.58% 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 13.66% on average per year.
VOYA shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 11.33%.
VOYA shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 0.44% yearly.
EPS 1Y (TTM)-5.58%
EPS 3Y34.28%
EPS 5Y13.66%
EPS Q2Q%2.42%
Revenue 1Y (TTM)11.33%
Revenue growth 3Y-1.68%
Revenue growth 5Y0.44%
Sales Q2Q%13.92%

3.2 Future

VOYA is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 13.55% yearly.
VOYA is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.15% yearly.
EPS Next Y-3.06%
EPS Next 2Y11.82%
EPS Next 3Y13.67%
EPS Next 5Y13.55%
Revenue Next Year9.13%
Revenue Next 2Y7.88%
Revenue Next 3Y7.03%
Revenue Next 5Y5.15%

3.3 Evolution

The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
VOYA Yearly Revenue VS EstimatesVOYA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2B 4B 6B 8B 10B
VOYA Yearly EPS VS EstimatesVOYA Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2 4 6 8 10

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6

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 8.98, 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 76.24% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 28.29, VOYA is valued rather cheaply.
VOYA is valuated cheaply with a Price/Forward Earnings ratio of 7.27.
Based on the Price/Forward Earnings ratio, VOYA is valued cheaply inside the industry as 82.18% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of VOYA to the average of the S&P500 Index (24.44), we can say VOYA is valued rather cheaply.
Industry RankSector Rank
PE 8.98
Fwd PE 7.27
VOYA Price Earnings VS Forward Price EarningsVOYA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

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 RankSector Rank
P/FCF 4.13
EV/EBITDA N/A
VOYA Per share dataVOYA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60 80

4.3 Compensation for Growth

VOYA's earnings are expected to grow with 13.67% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)0.66
EPS Next 2Y11.82%
EPS Next 3Y13.67%

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5

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 2.58%, VOYA has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.66, VOYA pays a bit more dividend than its industry peers.
VOYA's Dividend Yield is comparable with the S&P500 average which is at 2.28.
Industry RankSector Rank
Dividend Yield 2.58%

5.2 History

On average, the dividend of VOYA grows each year by 112.97%, which is quite nice.
VOYA has paid a dividend for at least 10 years, which is 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
VOYA Yearly Dividends per shareVOYA Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0.5 1 1.5 2

5.3 Sustainability

VOYA pays out 32.41% of its income as dividend. This is a sustainable payout ratio.
VOYA's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP32.41%
EPS Next 2Y11.82%
EPS Next 3Y13.67%
VOYA Yearly Income VS Free CF VS DividendVOYA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 2B -2B
VOYA Dividend Payout.VOYA Dividend Payout, showing the Payout Ratio.VOYA Dividend Payout.PayoutRetained Earnings

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VOYA FINANCIAL INC

NYSE:VOYA (1/22/2025, 10:41:42 AM)

69.95

-0.05 (-0.07%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryFinancial Services
Earnings (Last)11-04 2024-11-04/amc
Earnings (Next)02-04 2025-02-04/amc
Inst Owners100.13%
Inst Owner Change0.7%
Ins Owners0.19%
Ins Owner Change-1.19%
Market Cap6.73B
Analysts74
Price Target87.26 (24.75%)
Short Float %1.81%
Short Ratio2.07
Dividend
Industry RankSector Rank
Dividend Yield 2.58%
Yearly Dividend1.63
Dividend Growth(5Y)112.97%
DP32.41%
Div Incr Years4
Div Non Decr Years4
Ex-DateN/A
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)-4.56%
PT rev (3m)4.09%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-6.78%
EPS NY rev (1m)0%
EPS NY rev (3m)-11.66%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)2.34%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.14%
Valuation
Industry RankSector Rank
PE 8.98
Fwd PE 7.27
P/S 0.86
P/FCF 4.13
P/OCF 4.13
P/B 1.43
P/tB 2.16
EV/EBITDA N/A
EPS(TTM)7.79
EY11.14%
EPS(NY)9.63
Fwd EY13.76%
FCF(TTM)16.94
FCFY24.22%
OCF(TTM)16.94
OCFY24.22%
SpS81.68
BVpS49.04
TBVpS32.31
PEG (NY)N/A
PEG (5Y)0.66
Profitability
Industry RankSector 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)0.64%
ROA(5y)0.31%
ROE(3y)17.84%
ROE(5y)9.4%
ROIC(3y)0.77%
ROIC(5y)0.6%
ROICexc(3y)0.78%
ROICexc(5y)0.6%
ROICexgc(3y)2.19%
ROICexgc(5y)1.62%
ROCE(3y)0.97%
ROCE(5y)0.75%
ROICexcg growth 3Y39.73%
ROICexcg growth 5Y14.63%
ROICexc growth 3Y27.78%
ROICexc growth 5Y6.45%
OM growth 3Y24.23%
OM growth 5Y6.3%
PM growth 3YN/A
PM growth 5Y-5.43%
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.05
Health
Industry RankSector 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-Score6
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)188.13%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-5.58%
EPS 3Y34.28%
EPS 5Y13.66%
EPS Q2Q%2.42%
EPS Next Y-3.06%
EPS Next 2Y11.82%
EPS Next 3Y13.67%
EPS Next 5Y13.55%
Revenue 1Y (TTM)11.33%
Revenue growth 3Y-1.68%
Revenue growth 5Y0.44%
Sales Q2Q%13.92%
Revenue Next Year9.13%
Revenue Next 2Y7.88%
Revenue Next 3Y7.03%
Revenue Next 5Y5.15%
EBIT growth 1Y10.68%
EBIT growth 3Y22.14%
EBIT growth 5Y6.77%
EBIT Next Year-5.06%
EBIT Next 3Y-0.09%
EBIT Next 5YN/A
FCF growth 1Y25.1%
FCF growth 3Y6.34%
FCF growth 5Y-2.59%
OCF growth 1Y25.1%
OCF growth 3Y6.34%
OCF growth 5Y-2.59%