VICTORY CAPITAL HOLDING - A (VCTR)
US92645B1035 - Common Stock
VCTR gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 210 industry peers in the Capital Markets industry. VCTR scores excellent on profitability, but there are some minor concerns on its financial health. VCTR is valued quite cheap, while showing a decent growth score. This is a good combination!
1. Profitability
1.1 Basic Checks
In the past year VCTR was profitable.
VCTR had a positive operating cash flow in the past year.
Each year in the past 5 years VCTR has been profitable.
Each year in the past 5 years VCTR had a positive operating cash flow.
1.2 Ratios
The Return On Assets of VCTR (8.39%) is better than 82.21% of its industry peers.
The Return On Equity of VCTR (20.25%) is better than 87.98% of its industry peers.
VCTR's Return On Invested Capital of 12.34% is amongst the best of the industry. VCTR outperforms 86.54% of its industry peers.
The Average Return On Invested Capital over the past 3 years for VCTR is above the industry average of 10.67%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.39% | ||
| ROE | 20.25% | ||
| ROIC | 12.34% |
ROA(3y)10.01%
ROA(5y)9.51%
ROE(3y)25.35%
ROE(5y)24.65%
ROIC(3y)13.07%
ROIC(5y)13.47%
1.3 Margins
Looking at the Profit Margin, with a value of 25.97%, VCTR is in line with its industry, outperforming 59.13% of the companies in the same industry.
VCTR's Profit Margin has improved in the last couple of years.
VCTR has a Operating Margin of 42.44%. This is in the better half of the industry: VCTR outperforms 71.63% of its industry peers.
In the last couple of years the Operating Margin of VCTR has grown nicely.
The Gross Margin of VCTR (81.79%) is better than 82.21% 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 | 42.44% | ||
| PM (TTM) | 25.97% | ||
| GM | 81.79% |
OM growth 3Y-2.44%
OM growth 5Y6.75%
PM growth 3Y-1.79%
PM growth 5Y11%
GM growth 3Y1.88%
GM growth 5Y1.19%
2. Health
2.1 Basic Checks
Compared to 1 year ago, VCTR has less shares outstanding
VCTR has less shares outstanding than it did 5 years ago.
The debt/assets ratio for VCTR is higher compared to a year ago.
2.2 Solvency
VCTR has an Altman-Z score of 2.46. 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.
VCTR's Altman-Z score of 2.46 is fine compared to the rest of the industry. VCTR outperforms 74.52% of its industry peers.
The Debt to FCF ratio of VCTR is 3.04, which is a good value as it means it would take VCTR, 3.04 years of fcf income to pay off all of its debts.
With a decent Debt to FCF ratio value of 3.04, VCTR is doing good in the industry, outperforming 75.00% of the companies in the same industry.
VCTR has a Debt/Equity ratio of 0.94. This is a neutral value indicating VCTR is somewhat dependend on debt financing.
VCTR has a Debt to Equity ratio of 0.94. This is comparable to the rest of the industry: VCTR outperforms 50.48% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.94 | ||
| Debt/FCF | 3.04 | ||
| Altman-Z | 2.46 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
VCTR has a Current Ratio of 0.64. This is a bad value and indicates that VCTR is not financially healthy enough and could expect problems in meeting its short term obligations.
VCTR's Current ratio of 0.64 is on the low side compared to the rest of the industry. VCTR is outperformed by 71.63% of its industry peers.
VCTR has a Quick Ratio of 0.64. This is a bad value and indicates that VCTR is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Quick ratio value of 0.64, VCTR is not doing good in the industry: 71.63% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.64 | ||
| Quick Ratio | 0.64 |
3. Growth
3.1 Past
The earnings per share for VCTR have decreased by -1.57% in the last 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 decrease in Revenue. The Revenue has decreased by -3.95% in the last year.
The Revenue has been growing by 14.71% on average over the past years. This is quite good.
EPS 1Y (TTM)-1.57%
EPS 3Y4.12%
EPS 5Y21.71%
EPS growth Q2Q9.78%
Revenue 1Y (TTM)-3.95%
Revenue growth 3Y1.92%
Revenue growth 5Y14.71%
Revenue growth Q2Q2.13%
3.2 Future
The Earnings Per Share is expected to grow by 12.96% on average over the next years. This is quite good.
Based on estimates for the next years, VCTR will show a small growth in Revenue. The Revenue will grow by 5.27% on average per year.
EPS Next Y19.85%
EPS Next 2Y15.54%
EPS Next 3Y12.96%
EPS Next 5YN/A
Revenue Next Year8.61%
Revenue Next 2Y7.53%
Revenue Next 3Y5.27%
Revenue Next 5YN/A
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of 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
VCTR is valuated reasonably with a Price/Earnings ratio of 11.78.
64.42% of the companies in the same industry are more expensive than VCTR, based on the Price/Earnings ratio.
VCTR is valuated cheaply when we compare the Price/Earnings ratio to 24.84, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 9.83, which indicates a very decent valuation of VCTR.
VCTR's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. VCTR is cheaper than 67.31% of the companies in the same industry.
VCTR is valuated cheaply when we compare the Price/Forward Earnings ratio to 21.35, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.78 | ||
| Fwd PE | 9.83 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of VCTR indicates a rather cheap valuation: VCTR is cheaper than 84.13% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, VCTR is valued a bit cheaper than the industry average as 72.12% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.2 | ||
| EV/EBITDA | 10.72 |
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.
The excellent profitability rating of VCTR may justify a higher PE ratio.
VCTR's earnings are expected to grow with 12.96% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.59
PEG (5Y)0.54
EPS Next 2Y15.54%
EPS Next 3Y12.96%
5. Dividend
5.1 Amount
VCTR has a Yearly Dividend Yield of 2.58%.
VCTR's Dividend Yield is comparable with the industry average which is at 7.26.
Compared to an average S&P500 Dividend Yield of 2.41, VCTR has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.58% |
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.
VCTR has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)156.05%
Div Incr Years4
Div Non Decr Years4
5.3 Sustainability
VCTR pays out 40.07% 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.
DP40.07%
EPS Next 2Y15.54%
EPS Next 3Y12.96%
VICTORY CAPITAL HOLDING - A
NASDAQ:VCTR (4/26/2024, 7:22:17 PM)
After market: 51.58 0 (0%)51.58
+1.43 (+2.85%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap3.32B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.58% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
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EPS beat(4)
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EPS beat(8)
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EPS beat(16)
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Revenue beat(2)
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Revenue beat(16)
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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)
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Revenue NY rev (1m)
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Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.78 | ||
| Fwd PE | 9.83 | ||
| 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)0.59
PEG (5Y)0.54
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.39% | ||
| ROE | 20.25% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 42.44% | ||
| PM (TTM) | 25.97% | ||
| GM | 81.79% | ||
| 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 Turnover0.32
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.94 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.64 | ||
| Quick Ratio | 0.64 | ||
| 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)
Growth
EPS 1Y (TTM)-1.57%
EPS 3Y4.12%
EPS 5Y
EPS growth Q2Q
EPS Next Y19.85%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-3.95%
Revenue growth 3Y1.92%
Revenue growth 5Y
Revenue growth 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