VOYA FINANCIAL INC (VOYA)
US9290891004 - Common Stock
VOYA gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 102 industry peers in the Financial Services industry. VOYA scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. VOYA is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year VOYA was profitable.
VOYA had a positive operating cash flow in the past year.
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.
1.2 Ratios
The Return On Assets of VOYA (0.37%) is worse than 61.76% of its industry peers.
Looking at the Return On Equity, with a value of 14.05%, VOYA is in the better half of the industry, outperforming 67.65% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 0.55%, VOYA is doing worse than 62.75% of the companies in the same industry.
VOYA had an Average Return On Invested Capital over the past 3 years of 0.77%. This is significantly below the industry average of 7.98%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.37% | ||
| ROE | 14.05% | ||
| ROIC | 0.55% |
ROA(3y)0.64%
ROA(5y)0.31%
ROE(3y)17.84%
ROE(5y)9.4%
ROIC(3y)0.77%
ROIC(5y)0.6%
1.3 Margins
With a Profit Margin value of 8.02%, VOYA perfoms like the industry average, outperforming 50.98% of the companies in the same industry.
In the last couple of years the Profit Margin of VOYA has declined.
VOYA's Operating Margin of 14.90% is in line compared to the rest of the industry. VOYA outperforms 57.84% of its industry peers.
VOYA's Operating Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 14.9% | ||
| PM (TTM) | 8.02% | ||
| 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
2. Health
2.1 Basic Checks
The number of shares outstanding for VOYA has been increased compared to 1 year ago.
Compared to 5 years ago, VOYA has less shares outstanding
VOYA has a better debt/assets ratio than last year.
2.2 Solvency
VOYA has a debt to FCF ratio of 1.28. This is a very positive value and a sign of high solvency as it would only need 1.28 years to pay back of all of its debts.
With an excellent Debt to FCF ratio value of 1.28, VOYA belongs to the best of the industry, outperforming 80.39% of the companies in the same industry.
VOYA has a Debt/Equity ratio of 0.50. This is a neutral value indicating VOYA is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.50, VOYA perfoms like the industry average, outperforming 54.90% of the companies in the same industry.
Although VOYA does not score too well on debt/equity it has very limited outstanding debt, which is well covered by the FCF. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.5 | ||
| Debt/FCF | 1.28 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 1.05% over the past 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.
The Revenue has grown by 24.44% in the past year. This is a very strong growth!
Measured over the past years, VOYA shows a small growth in Revenue. The Revenue has been growing by 0.44% on average per year.
EPS 1Y (TTM)1.05%
EPS 3Y34.28%
EPS 5Y13.66%
EPS growth Q2Q-25.23%
Revenue 1Y (TTM)24.44%
Revenue growth 3Y-1.68%
Revenue growth 5Y0.44%
Revenue growth Q2Q18.89%
3.2 Future
The Earnings Per Share is expected to grow by 11.46% on average over the next years. This is quite good.
The Revenue is expected to grow by 5.70% on average over the next years.
EPS Next Y11.5%
EPS Next 2Y12.18%
EPS Next 3Y11.13%
EPS Next 5Y11.46%
Revenue Next Year7.64%
Revenue Next 2Y5.53%
Revenue Next 3Y4.41%
Revenue Next 5Y5.7%
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 stable.
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 9.64 indicates a reasonable valuation of VOYA.
VOYA's Price/Earnings ratio is a bit cheaper when compared to the industry. VOYA is cheaper than 78.43% of the companies in the same industry.
VOYA's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.91.
With a Price/Forward Earnings ratio of 8.64, the valuation of VOYA can be described as very reasonable.
Compared to the rest of the industry, the Price/Forward Earnings ratio of VOYA indicates a somewhat cheap valuation: VOYA is cheaper than 77.45% of the companies listed in the same industry.
VOYA is valuated cheaply when we compare the Price/Forward Earnings ratio to 20.51, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.64 | ||
| Fwd PE | 8.64 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, VOYA is valued cheaper than 93.14% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.59 | ||
| EV/EBITDA | N/A |
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.
PEG (NY)0.84
PEG (5Y)0.71
EPS Next 2Y12.18%
EPS Next 3Y11.13%
5. Dividend
5.1 Amount
VOYA has a Yearly Dividend Yield of 2.18%.
VOYA's Dividend Yield is a higher than the industry average which is at 3.38.
VOYA's Dividend Yield is comparable with the S&P500 average which is at 2.34.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.18% |
5.2 History
The dividend of VOYA is nicely growing with an annual growth rate of 112.97%!
VOYA has been paying a dividend for at least 10 years, so it has a reliable track record.
VOYA has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)112.97%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
VOYA pays out 27.67% of its income as dividend. This is a sustainable payout ratio.
The dividend of VOYA is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP27.67%
EPS Next 2Y12.18%
EPS Next 3Y11.13%
VOYA FINANCIAL INC
NYSE:VOYA (5/15/2024, 7:15:52 PM)
After market: 74.2 0 (0%)74.2
+0.58 (+0.79%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryFinancial Services
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap7.52B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.18% |
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)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
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)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
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 | 9.64 | ||
| Fwd PE | 8.64 | ||
| 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)0.84
PEG (5Y)0.71
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.37% | ||
| ROE | 14.05% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 14.9% | ||
| PM (TTM) | 8.02% | ||
| GM | N/A | ||
| 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 Turnover0.05
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.5 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| 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)1.05%
EPS 3Y34.28%
EPS 5Y
EPS growth Q2Q
EPS Next Y11.5%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)24.44%
Revenue growth 3Y-1.68%
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