VISTRA CORP (VST)
US92840M1027 - Common Stock
VST gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 22 industry peers in the Independent Power and Renewable Electricity Producers industry. While VST belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. VST is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year VST was profitable.
VST had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: VST reported negative net income in multiple years.
Of the past 5 years VST 4 years had a positive operating cash flow.
1.2 Ratios
The Return On Assets of VST (4.89%) is better than 86.36% of its industry peers.
With an excellent Return On Equity value of 34.04%, VST belongs to the best of the industry, outperforming 95.45% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 8.63%, VST belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.89% | ||
| ROE | 34.04% | ||
| ROIC | 8.63% |
ROA(3y)-1.5%
ROA(5y)0.3%
ROE(3y)-6.13%
ROE(5y)0.17%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
VST's Profit Margin of 11.39% is fine compared to the rest of the industry. VST outperforms 63.64% of its industry peers.
In the last couple of years the Profit Margin of VST has grown nicely.
VST has a better Operating Margin (22.04%) than 68.18% of its industry peers.
VST's Operating Margin has improved in the last couple of years.
VST's Gross Margin of 90.85% is amongst the best of the industry. VST outperforms 90.91% of its industry peers.
In the last couple of years the Gross Margin of VST has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 22.04% | ||
| PM (TTM) | 11.39% | ||
| GM | 90.85% |
OM growth 3Y4.15%
OM growth 5Y27.82%
PM growth 3Y17.81%
PM growth 5YN/A
GM growth 3Y0.05%
GM growth 5YN/A
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), VST is creating some value.
VST has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, VST has less shares outstanding
Compared to 1 year ago, VST has a worse debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 1.79, we must say that VST is in the distress zone and has some risk of bankruptcy.
VST has a Altman-Z score of 1.79. This is amongst the best in the industry. VST outperforms 86.36% of its industry peers.
VST has a debt to FCF ratio of 21.69. This is a negative value and a sign of low solvency as VST would need 21.69 years to pay back of all of its debts.
VST has a better Debt to FCF ratio (21.69) than 77.27% of its industry peers.
A Debt/Equity ratio of 2.74 is on the high side and indicates that VST has dependencies on debt financing.
VST has a Debt to Equity ratio (2.74) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.74 | ||
| Debt/FCF | 21.69 | ||
| Altman-Z | 1.79 |
ROIC/WACC1.09
WACC7.93%
2.3 Liquidity
VST has a Current Ratio of 1.11. This is a normal value and indicates that VST is financially healthy and should not expect problems in meeting its short term obligations.
VST's Current ratio of 1.11 is in line compared to the rest of the industry. VST outperforms 54.55% of its industry peers.
VST has a Quick Ratio of 1.11. This is a bad value and indicates that VST is not financially healthy enough and could expect problems in meeting its short term obligations.
VST's Quick ratio of 0.99 is in line compared to the rest of the industry. VST outperforms 50.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.11 | ||
| Quick Ratio | 0.99 |
3. Growth
3.1 Past
VST shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 62.06%, which is quite impressive.
The Earnings Per Share has been growing by 33.64% on average over the past years. This is a very strong growth
Looking at the last year, VST shows a small growth in Revenue. The Revenue has grown by 4.47% in the last year.
Measured over the past years, VST shows a quite strong growth in Revenue. The Revenue has been growing by 10.08% on average per year.
EPS 1Y (TTM)62.06%
EPS 3Y33.64%
EPS 5YN/A
EPS Q2Q%332%
Revenue 1Y (TTM)4.47%
Revenue growth 3Y8.9%
Revenue growth 5Y10.08%
Sales Q2Q%53.89%
3.2 Future
The Earnings Per Share is expected to grow by 22.24% on average over the next years. This is a very strong growth
VST is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.19% yearly.
EPS Next Y30.76%
EPS Next 2Y39%
EPS Next 3Y32.88%
EPS Next 5Y22.24%
Revenue Next Year8.13%
Revenue Next 2Y9.78%
Revenue Next 3Y7.83%
Revenue Next 5Y4.19%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
VST is valuated quite expensively with a Price/Earnings ratio of 30.24.
VST's Price/Earnings ratio is a bit cheaper when compared to the industry. VST is cheaper than 68.18% of the companies in the same industry.
VST's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 28.96.
Based on the Price/Forward Earnings ratio of 24.09, the valuation of VST can be described as rather expensive.
Based on the Price/Forward Earnings ratio, VST is valued cheaper than 81.82% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.82, VST is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 30.24 | ||
| Fwd PE | 24.09 |
4.2 Price Multiples
VST's Enterprise Value to EBITDA is on the same level as the industry average.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of VST indicates a rather cheap valuation: VST is cheaper than 81.82% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 78.41 | ||
| EV/EBITDA | 11.82 |
4.3 Compensation for Growth
VST's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
VST has a very decent profitability rating, which may justify a higher PE ratio.
VST's earnings are expected to grow with 32.88% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.98
PEG (5Y)N/A
EPS Next 2Y39%
EPS Next 3Y32.88%
5. Dividend
5.1 Amount
With a yearly dividend of 0.64%, VST is not a good candidate for dividend investing.
VST's Dividend Yield is a higher than the industry average which is at 6.54.
Compared to an average S&P500 Dividend Yield of 2.23, VST's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.64% |
5.2 History
On average, the dividend of VST grows each year by 13.13%, which is quite nice.
VST has been paying a dividend for over 5 years, so it has already some track record.
VST has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)13.13%
Div Incr Years4
Div Non Decr Years4
5.3 Sustainability
26.35% of the earnings are spent on dividend by VST. This is a low number and sustainable payout ratio.
The dividend of VST is growing, but earnings are growing more, so the dividend growth is sustainable.
DP26.35%
EPS Next 2Y39%
EPS Next 3Y32.88%
VISTRA CORP
NYSE:VST (11/21/2024, 8:04:00 PM)
Premarket: 167 +0.39 (+0.23%)166.61
+11.98 (+7.75%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap56.77B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.64% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
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Min EPS beat(4)
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EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
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EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
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Min Revenue beat(4)
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Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
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Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 30.24 | ||
| Fwd PE | 24.09 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)0.98
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.89% | ||
| ROE | 34.04% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 22.04% | ||
| PM (TTM) | 11.39% | ||
| GM | 90.85% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.43
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.74 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.11 | ||
| Quick Ratio | 0.99 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)62.06%
EPS 3Y33.64%
EPS 5Y
EPS Q2Q%
EPS Next Y30.76%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)4.47%
Revenue growth 3Y8.9%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y