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VOYA FINANCIAL INC (VOYA) Stock Fundamental Analysis

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

66.54  -0.01 (-0.02%)

After market: 66.54 0 (0%)

Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to VOYA. VOYA was compared to 99 industry peers in the Financial Services industry. While VOYA is still in line with the averages on profitability rating, there are concerns on its financial health. A decent growth rate in combination with a cheap valuation! Better keep an eye on VOYA.


Dividend Valuation Growth Profitability Health

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4

1. Profitability

1.1 Basic Checks

In the past year VOYA was profitable.
VOYA had a positive operating cash flow in the past year.
VOYA had positive earnings in 4 of the past 5 years.
Each year in the past 5 years VOYA had a positive operating cash flow.
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 2024 0 2B -2B

1.2 Ratios

VOYA has a Return On Assets of 0.32%. This is in the lower half of the industry: VOYA underperforms 67.68% of its industry peers.
With a decent Return On Equity value of 12.11%, VOYA is doing good in the industry, outperforming 60.61% of the companies in the same industry.
The Return On Invested Capital of VOYA (0.49%) is worse than 67.68% of its industry peers.
VOYA had an Average Return On Invested Capital over the past 3 years of 0.48%. This is significantly below the industry average of 11.83%.
The last Return On Invested Capital (0.49%) for VOYA is above the 3 year average (0.48%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 0.32%
ROE 12.11%
ROIC 0.49%
ROA(3y)0.36%
ROA(5y)0.43%
ROE(3y)14.61%
ROE(5y)13.35%
ROIC(3y)0.48%
ROIC(5y)0.62%
VOYA Yearly ROA, ROE, ROICVOYA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 20 -20

1.3 Margins

The Profit Margin of VOYA (6.66%) is comparable to the rest of the industry.
In the last couple of years the Profit Margin of VOYA has declined.
VOYA's Operating Margin of 12.74% is in line compared to the rest of the industry. VOYA outperforms 43.43% of its industry peers.
VOYA's Operating Margin has improved in the last couple of years.
Industry RankSector Rank
OM 12.74%
PM (TTM) 6.66%
GM N/A
OM growth 3Y-42.03%
OM growth 5Y4.28%
PM growth 3Y-46%
PM growth 5YN/A
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 2024 0 20 -20 40 -40 60

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3

2. Health

2.1 Basic Checks

Compared to 1 year ago, VOYA has less shares outstanding
Compared to 5 years ago, VOYA has less shares outstanding
The debt/assets ratio for VOYA is higher compared to a year ago.
VOYA Yearly Shares OutstandingVOYA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 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 2024 50B 100B 150B 200B

2.2 Solvency

The Debt to FCF ratio of VOYA is 2.25, which is a good value as it means it would take VOYA, 2.25 years of fcf income to pay off all of its debts.
VOYA's Debt to FCF ratio of 2.25 is fine compared to the rest of the industry. VOYA outperforms 75.76% of its industry peers.
VOYA has a Debt/Equity ratio of 0.48. This is a healthy value indicating a solid balance between debt and equity.
With a decent Debt to Equity ratio value of 0.48, VOYA is doing good in the industry, outperforming 60.61% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.48
Debt/FCF 2.25
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 2024 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 2024 100M 200M 300M

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5

3. Growth

3.1 Past

VOYA shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 0.13%.
The Earnings Per Share has been growing by 11.08% on average over the past years. This is quite good.
Looking at the last year, VOYA shows a small growth in Revenue. The Revenue has grown by 5.34% in the last year.
Measured over the past years, VOYA shows a small growth in Revenue. The Revenue has been growing by 1.31% on average per year.
EPS 1Y (TTM)0.13%
EPS 3Y-3.34%
EPS 5Y11.08%
EPS Q2Q%12.99%
Revenue 1Y (TTM)5.34%
Revenue growth 3Y23.9%
Revenue growth 5Y1.31%
Sales Q2Q%-4%

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 15.74% yearly.
Based on estimates for the next years, VOYA will show a small growth in Revenue. The Revenue will grow by 3.21% on average per year.
EPS Next Y9.5%
EPS Next 2Y14.73%
EPS Next 3Y15.14%
EPS Next 5Y15.74%
Revenue Next Year3.86%
Revenue Next 2Y4.39%
Revenue Next 3Y2.7%
Revenue Next 5Y3.21%

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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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 2028 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 2028 2 4 6 8 10

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7

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 8.54, the valuation of VOYA can be described as reasonable.
Compared to the rest of the industry, the Price/Earnings ratio of VOYA indicates a somewhat cheap valuation: VOYA is cheaper than 76.77% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.34, VOYA is valued rather cheaply.
The Price/Forward Earnings ratio is 6.69, which indicates a rather cheap valuation of VOYA.
Compared to the rest of the industry, the Price/Forward Earnings ratio of VOYA indicates a somewhat cheap valuation: VOYA is cheaper than 76.77% of the companies listed in the same industry.
VOYA's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.19.
Industry RankSector Rank
PE 8.54
Fwd PE 6.69
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

Based on the Price/Free Cash Flow ratio, VOYA is valued cheaper than 85.86% of the companies in the same industry.
Industry RankSector Rank
P/FCF 6.85
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 low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
VOYA's earnings are expected to grow with 15.14% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.9
PEG (5Y)0.77
EPS Next 2Y14.73%
EPS Next 3Y15.14%

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5

5. Dividend

5.1 Amount

VOYA has a Yearly Dividend Yield of 2.64%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 4.73, VOYA pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.40, VOYA has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 2.64%

5.2 History

On average, the dividend of VOYA grows each year by 33.28%, 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)33.28%
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 2025 0.5 1 1.5 2

5.3 Sustainability

VOYA pays out 40.30% of its income as dividend. This is a bit on the high side, but may be sustainable.
The dividend of VOYA is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP40.3%
EPS Next 2Y14.73%
EPS Next 3Y15.14%
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 2024 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 (6/18/2025, 8:04:00 PM)

After market: 66.54 0 (0%)

66.54

-0.01 (-0.02%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryFinancial Services
Earnings (Last)05-06 2025-05-06/amc
Earnings (Next)07-28 2025-07-28/amc
Inst Owners106.32%
Inst Owner Change4.41%
Ins Owners0.21%
Ins Owner Change4.92%
Market Cap6.41B
Analysts72.63
Price Target79.66 (19.72%)
Short Float %1.44%
Short Ratio1.36
Dividend
Industry RankSector Rank
Dividend Yield 2.64%
Yearly Dividend2.14
Dividend Growth(5Y)33.28%
DP40.3%
Div Incr Years4
Div Non Decr Years4
Ex-Date05-27 2025-05-27 (0.45)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)45.62%
Min EPS beat(2)26.21%
Max EPS beat(2)65.03%
EPS beat(4)4
Avg EPS beat(4)24.26%
Min EPS beat(4)1.8%
Max EPS beat(4)65.03%
EPS beat(8)6
Avg EPS beat(8)13.01%
EPS beat(12)9
Avg EPS beat(12)24.61%
EPS beat(16)13
Avg EPS beat(16)26.34%
Revenue beat(2)1
Avg Revenue beat(2)2.14%
Min Revenue beat(2)-0.25%
Max Revenue beat(2)4.52%
Revenue beat(4)3
Avg Revenue beat(4)3.48%
Min Revenue beat(4)-0.25%
Max Revenue beat(4)6.55%
Revenue beat(8)5
Avg Revenue beat(8)3.1%
Revenue beat(12)6
Avg Revenue beat(12)0.81%
Revenue beat(16)9
Avg Revenue beat(16)5.91%
PT rev (1m)6.11%
PT rev (3m)-4.33%
EPS NQ rev (1m)0.56%
EPS NQ rev (3m)-5.92%
EPS NY rev (1m)0%
EPS NY rev (3m)-3.93%
Revenue NQ rev (1m)-0.55%
Revenue NQ rev (3m)-1.1%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.15%
Valuation
Industry RankSector Rank
PE 8.54
Fwd PE 6.69
P/S 0.8
P/FCF 6.85
P/OCF 6.85
P/B 1.46
P/tB 2.35
EV/EBITDA N/A
EPS(TTM)7.79
EY11.71%
EPS(NY)9.95
Fwd EY14.96%
FCF(TTM)9.71
FCFY14.59%
OCF(TTM)9.71
OCFY14.59%
SpS82.75
BVpS45.52
TBVpS28.3
PEG (NY)0.9
PEG (5Y)0.77
Profitability
Industry RankSector Rank
ROA 0.32%
ROE 12.11%
ROCE 0.62%
ROIC 0.49%
ROICexc 0.49%
ROICexgc 1.53%
OM 12.74%
PM (TTM) 6.66%
GM N/A
FCFM 11.73%
ROA(3y)0.36%
ROA(5y)0.43%
ROE(3y)14.61%
ROE(5y)13.35%
ROIC(3y)0.48%
ROIC(5y)0.62%
ROICexc(3y)0.49%
ROICexc(5y)0.63%
ROICexgc(3y)1.48%
ROICexgc(5y)1.8%
ROCE(3y)0.61%
ROCE(5y)0.79%
ROICexcg growth 3Y-23.1%
ROICexcg growth 5Y15.38%
ROICexc growth 3Y-27.07%
ROICexc growth 5Y6.38%
OM growth 3Y-42.03%
OM growth 5Y4.28%
PM growth 3Y-46%
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.05
Health
Industry RankSector Rank
Debt/Equity 0.48
Debt/FCF 2.25
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage 250
Cash Conversion N/A
Profit Quality 176.08%
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)259.4%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)0.13%
EPS 3Y-3.34%
EPS 5Y11.08%
EPS Q2Q%12.99%
EPS Next Y9.5%
EPS Next 2Y14.73%
EPS Next 3Y15.14%
EPS Next 5Y15.74%
Revenue 1Y (TTM)5.34%
Revenue growth 3Y23.9%
Revenue growth 5Y1.31%
Sales Q2Q%-4%
Revenue Next Year3.86%
Revenue Next 2Y4.39%
Revenue Next 3Y2.7%
Revenue Next 5Y3.21%
EBIT growth 1Y-18.01%
EBIT growth 3Y-28.18%
EBIT growth 5Y5.65%
EBIT Next Year7.72%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-18.41%
FCF growth 3Y293.94%
FCF growth 5Y0.53%
OCF growth 1Y-18.41%
OCF growth 3Y293.94%
OCF growth 5Y0.53%