VICTORY CAPITAL HOLDING - A (VCTR) Stock Fundamental Analysis
NASDAQ:VCTR - US92645B1035 - Common Stock
71.53 USD
+0.3 (+0.42%)
71.53 USD
0 (0%)
VCTR gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 238 industry peers in the Capital Markets industry. VCTR has an excellent profitability rating, but there are some minor concerns on its financial health. VCTR has both an excellent growth and valuation score. This means it is growing and it is still cheap. This is a rare combination! With these ratings, VCTR could be worth investigating further for value and growth investing!.
1. Profitability
1.1 Basic Checks
In the past year VCTR was profitable.
In the past year VCTR had a positive cash flow from operations.
Each year in the past 5 years VCTR has been profitable.
In the past 5 years VCTR always reported a positive cash flow from operatings.
1.2 Ratios
VCTR has a Return On Assets of 6.28%. This is in the better half of the industry: VCTR outperforms 77.31% of its industry peers.
VCTR has a Return On Equity of 10.83%. This is in the better half of the industry: VCTR outperforms 61.76% of its industry peers.
VCTR's Return On Invested Capital of 9.26% is amongst the best of the industry. VCTR outperforms 84.87% of its industry peers.
The Average Return On Invested Capital over the past 3 years for VCTR is significantly above the industry average of 7.60%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.28% | ||
| ROE | 10.83% | ||
| ROIC | 9.26% |
ROA(3y)10.19%
ROA(5y)10.73%
ROE(3y)23.95%
ROE(5y)26.37%
ROIC(3y)12.96%
ROIC(5y)14.03%
1.3 Margins
VCTR has a better Profit Margin (25.95%) than 68.07% of its industry peers.
In the last couple of years the Profit Margin of VCTR has grown nicely.
The Operating Margin of VCTR (46.16%) is better than 79.83% of its industry peers.
VCTR's Operating Margin has improved in the last couple of years.
With an excellent Gross Margin value of 83.35%, VCTR belongs to the best of the industry, outperforming 87.82% of the companies in the same industry.
In the last couple of years the Gross Margin of VCTR has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 46.16% | ||
| PM (TTM) | 25.95% | ||
| GM | 83.35% |
OM growth 3Y1.51%
OM growth 5Y6.29%
PM growth 3Y1.12%
PM growth 5Y16.44%
GM growth 3Y1.4%
GM growth 5Y1.91%
2. Health
2.1 Basic Checks
Compared to 1 year ago, VCTR has less shares outstanding
The number of shares outstanding for VCTR has been reduced compared to 5 years ago.
The debt/assets ratio for VCTR has been reduced compared to a year ago.
2.2 Solvency
VCTR has an Altman-Z score of 2.54. This is not the best score and indicates that VCTR is in the grey zone with still only limited risk for bankruptcy at the moment.
The Altman-Z score of VCTR (2.54) is better than 75.63% of its industry peers.
The Debt to FCF ratio of VCTR is 3.67, which is a good value as it means it would take VCTR, 3.67 years of fcf income to pay off all of its debts.
VCTR has a better Debt to FCF ratio (3.67) than 73.95% of its industry peers.
A Debt/Equity ratio of 0.39 indicates that VCTR is not too dependend on debt financing.
VCTR has a Debt to Equity ratio of 0.39. This is in the better half of the industry: VCTR outperforms 70.17% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.39 | ||
| Debt/FCF | 3.67 | ||
| Altman-Z | 2.54 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
VCTR has a Current Ratio of 1.14. This is a normal value and indicates that VCTR is financially healthy and should not expect problems in meeting its short term obligations.
With a Current ratio value of 1.14, VCTR perfoms like the industry average, outperforming 51.68% of the companies in the same industry.
VCTR has a Quick Ratio of 1.14. This is a normal value and indicates that VCTR is financially healthy and should not expect problems in meeting its short term obligations.
With a Quick ratio value of 1.14, VCTR perfoms like the industry average, outperforming 52.10% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.14 | ||
| Quick Ratio | 1.14 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 15.51% over the past year.
VCTR shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 12.55% yearly.
The Revenue has grown by 20.90% in the past year. This is a very strong growth!
The Revenue has been growing slightly by 7.85% on average over the past years.
EPS 1Y (TTM)15.51%
EPS 3Y-0.56%
EPS 5Y12.55%
EPS Q2Q%25%
Revenue 1Y (TTM)20.9%
Revenue growth 3Y0.12%
Revenue growth 5Y7.85%
Sales Q2Q%59.92%
3.2 Future
The Earnings Per Share is expected to grow by 16.06% on average over the next years. This is quite good.
VCTR is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 20.68% yearly.
EPS Next Y31.32%
EPS Next 2Y20.94%
EPS Next 3Y16.06%
EPS Next 5YN/A
Revenue Next Year44.7%
Revenue Next 2Y29.12%
Revenue Next 3Y20.68%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better 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.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 13.92 indicates a correct valuation of VCTR.
Compared to the rest of the industry, the Price/Earnings ratio of VCTR is on the same level as its industry peers.
VCTR's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.08.
A Price/Forward Earnings ratio of 10.29 indicates a reasonable valuation of VCTR.
Based on the Price/Forward Earnings ratio, VCTR is valued a bit cheaper than 71.43% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.67. VCTR is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.92 | ||
| Fwd PE | 10.29 |
4.2 Price Multiples
VCTR's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. VCTR is cheaper than 87.82% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, VCTR is valued a bit cheaper than 60.50% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 18.13 | ||
| EV/EBITDA | 10.81 |
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.
VCTR has an outstanding profitability rating, which may justify a higher PE ratio.
VCTR's earnings are expected to grow with 16.06% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.44
PEG (5Y)1.11
EPS Next 2Y20.94%
EPS Next 3Y16.06%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.71%, VCTR has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 7.99, VCTR has a dividend in line with its industry peers.
VCTR's Dividend Yield is comparable with the S&P500 average which is at 2.34.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.71% |
5.2 History
On average, the dividend of VCTR grows each year by 70.60%, which is quite nice.
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)70.6%
Div Incr Years5
Div Non Decr Years5
5.3 Sustainability
VCTR pays out 48.22% of its income as dividend. This is a bit on the high side, but may be sustainable.
The dividend of VCTR is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP48.22%
EPS Next 2Y20.94%
EPS Next 3Y16.06%
71.53
+0.3 (+0.42%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners67.37%
Inst Owner Change7.34%
Ins Owners9.41%
Ins Owner Change1.01%
Market Cap4.78B
Analysts76
Price Target75.48 (5.52%)
Short Float %6.13%
Short Ratio4.73
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.71% |
Yearly Dividend1.58
Dividend Growth(5Y)70.6%
DP48.22%
Div Incr Years5
Div Non Decr Years5
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-7.08%
Min EPS beat(2)-13.03%
Max EPS beat(2)-1.14%
EPS beat(4)0
Avg EPS beat(4)-7.22%
Min EPS beat(4)-13.03%
Max EPS beat(4)-1.14%
EPS beat(8)1
Avg EPS beat(8)-7.49%
EPS beat(12)2
Avg EPS beat(12)-5.44%
EPS beat(16)4
Avg EPS beat(16)-4.08%
Revenue beat(2)1
Avg Revenue beat(2)-0.86%
Min Revenue beat(2)-3.97%
Max Revenue beat(2)2.25%
Revenue beat(4)1
Avg Revenue beat(4)-1%
Min Revenue beat(4)-3.97%
Max Revenue beat(4)2.25%
Revenue beat(8)1
Avg Revenue beat(8)-1.27%
Revenue beat(12)1
Avg Revenue beat(12)-1.31%
Revenue beat(16)1
Avg Revenue beat(16)-1.95%
PT rev (1m)3.86%
PT rev (3m)6.58%
EPS NQ rev (1m)4.01%
EPS NQ rev (3m)-2.41%
EPS NY rev (1m)2.96%
EPS NY rev (3m)4.72%
Revenue NQ rev (1m)1.1%
Revenue NQ rev (3m)12.78%
Revenue NY rev (1m)0.77%
Revenue NY rev (3m)2.18%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.92 | ||
| Fwd PE | 10.29 | ||
| P/S | 4.64 | ||
| P/FCF | 18.13 | ||
| P/OCF | 17.93 | ||
| P/B | 1.94 | ||
| P/tB | N/A | ||
| EV/EBITDA | 10.81 |
EPS(TTM)5.14
EY7.19%
EPS(NY)6.95
Fwd EY9.71%
FCF(TTM)3.95
FCFY5.52%
OCF(TTM)3.99
OCFY5.58%
SpS15.41
BVpS36.91
TBVpS-19.21
PEG (NY)0.44
PEG (5Y)1.11
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.28% | ||
| ROE | 10.83% | ||
| ROCE | 11.98% | ||
| ROIC | 9.26% | ||
| ROICexc | 9.52% | ||
| ROICexgc | 340.99% | ||
| OM | 46.16% | ||
| PM (TTM) | 25.95% | ||
| GM | 83.35% | ||
| FCFM | 25.61% |
ROA(3y)10.19%
ROA(5y)10.73%
ROE(3y)23.95%
ROE(5y)26.37%
ROIC(3y)12.96%
ROIC(5y)14.03%
ROICexc(3y)13.55%
ROICexc(5y)14.54%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)16.77%
ROCE(5y)18.16%
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3Y0.58%
ROICexc growth 5Y5.99%
OM growth 3Y1.51%
OM growth 5Y6.29%
PM growth 3Y1.12%
PM growth 5Y16.44%
GM growth 3Y1.4%
GM growth 5Y1.91%
F-Score6
Asset Turnover0.24
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.39 | ||
| Debt/FCF | 3.67 | ||
| Debt/EBITDA | 1.86 | ||
| Cap/Depr | 6.82% | ||
| Cap/Sales | 0.29% | ||
| Interest Coverage | 6.59 | ||
| Cash Conversion | 51.32% | ||
| Profit Quality | 98.68% | ||
| Current Ratio | 1.14 | ||
| Quick Ratio | 1.14 | ||
| Altman-Z | 2.54 |
F-Score6
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)9.56%
Cap/Depr(5y)29.13%
Cap/Sales(3y)0.46%
Cap/Sales(5y)0.77%
Profit Quality(3y)129.85%
Profit Quality(5y)126.85%
High Growth Momentum
Growth
EPS 1Y (TTM)15.51%
EPS 3Y-0.56%
EPS 5Y12.55%
EPS Q2Q%25%
EPS Next Y31.32%
EPS Next 2Y20.94%
EPS Next 3Y16.06%
EPS Next 5YN/A
Revenue 1Y (TTM)20.9%
Revenue growth 3Y0.12%
Revenue growth 5Y7.85%
Sales Q2Q%59.92%
Revenue Next Year44.7%
Revenue Next 2Y29.12%
Revenue Next 3Y20.68%
Revenue Next 5YN/A
EBIT growth 1Y25.4%
EBIT growth 3Y1.63%
EBIT growth 5Y14.63%
EBIT Next Year41.82%
EBIT Next 3Y21.24%
EBIT Next 5YN/A
FCF growth 1Y-14.38%
FCF growth 3Y-2.33%
FCF growth 5Y8.8%
OCF growth 1Y-14.51%
OCF growth 3Y-3.32%
OCF growth 5Y8.38%