VOYA FINANCIAL INC (VOYA) Stock Fundamental Analysis
NYSE:VOYA - New York Stock Exchange, Inc. - US9290891004 - Common Stock - Currency: USD
VOYA gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 101 industry peers in the Financial Services industry. There are concerns on the financial health of VOYA while its profitability can be described as average. VOYA may be a bit undervalued, certainly considering the very reasonable score on growth
1. Profitability
1.1 Basic Checks
VOYA had positive earnings in the past year.
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.
1.2 Ratios
VOYA has a Return On Assets of 0.32%. This is in the lower half of the industry: VOYA underperforms 66.34% of its industry peers.
With a decent Return On Equity value of 12.11%, VOYA is doing good in the industry, outperforming 63.37% of the companies in the same industry.
The Return On Invested Capital of VOYA (0.49%) is worse than 65.35% 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 7.76%.
The 3 year average ROIC (0.48%) for VOYA is below the current ROIC(0.49%), indicating increased profibility in the last year.
| Industry Rank | Sector 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%
1.3 Margins
Looking at the Profit Margin, with a value of 6.66%, VOYA is in line with its industry, outperforming 41.58% of the companies in the same industry.
In the last couple of years the Profit Margin of VOYA has declined.
With a Operating Margin value of 12.74%, VOYA perfoms like the industry average, outperforming 45.54% of the companies in the same industry.
In the last couple of years the Operating Margin of VOYA has grown nicely.
| Industry Rank | Sector 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
2. Health
2.1 Basic Checks
The number of shares outstanding for VOYA has been reduced compared to 1 year ago.
The number of shares outstanding for VOYA has been reduced compared to 5 years ago.
VOYA has a worse debt/assets ratio than last year.
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.
The Debt to FCF ratio of VOYA (2.25) is better than 76.24% 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.
VOYA's Debt to Equity ratio of 0.48 is fine compared to the rest of the industry. VOYA outperforms 61.39% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.48 | ||
| Debt/FCF | 2.25 | ||
| 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
VOYA shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 2.33%.
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 quite strong growth in Revenue. The Revenue has grown by 9.55% in the last year.
VOYA shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 1.31% yearly.
EPS 1Y (TTM)2.33%
EPS 3Y-3.34%
EPS 5Y11.08%
EPS Q2Q%5.73%
Revenue 1Y (TTM)9.55%
Revenue growth 3Y23.9%
Revenue growth 5Y1.31%
Sales Q2Q%-82.49%
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.
VOYA is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.21% yearly.
EPS Next Y9.54%
EPS Next 2Y14.99%
EPS Next 3Y14.83%
EPS Next 5Y15.74%
Revenue Next Year4.5%
Revenue Next 2Y4.76%
Revenue Next 3Y3.67%
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.
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
The Price/Earnings ratio is 8.97, which indicates a very decent valuation of VOYA.
Compared to the rest of the industry, the Price/Earnings ratio of VOYA indicates a somewhat cheap valuation: VOYA is cheaper than 74.26% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of VOYA to the average of the S&P500 Index (26.48), we can say VOYA is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 7.11, the valuation of VOYA can be described as very cheap.
Compared to the rest of the industry, the Price/Forward Earnings ratio of VOYA indicates a somewhat cheap valuation: VOYA is cheaper than 75.25% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of VOYA to the average of the S&P500 Index (34.04), we can say VOYA is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.97 | ||
| Fwd PE | 7.11 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, VOYA is valued cheaper than 84.16% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.32 | ||
| 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.
VOYA's earnings are expected to grow with 14.83% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.94
PEG (5Y)0.81
EPS Next 2Y14.99%
EPS Next 3Y14.83%
5. Dividend
5.1 Amount
VOYA has a Yearly Dividend Yield of 2.49%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 5.33, VOYA pays a bit more dividend than its industry peers.
VOYA's Dividend Yield is comparable with the S&P500 average which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.49% |
5.2 History
The dividend of VOYA is nicely growing with an annual growth rate of 33.28%!
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
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 2Y14.99%
EPS Next 3Y14.83%
71.04
+0.42 (+0.59%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryFinancial Services
Earnings (Last)
Earnings (Next)
Inst Owners106.32%
Inst Owner Change0.12%
Ins Owners0.21%
Ins Owner Change6.48%
Market Cap6.84B
Analysts72.63
Price Target81.7 (15.01%)
Short Float %2.17%
Short Ratio2.61
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.49% |
Yearly Dividend2.14
Dividend Growth(5Y)33.28%
DP40.3%
Div Incr Years4
Div Non Decr Years4
Ex-Date
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)1.91%
PT rev (3m)8.83%
EPS NQ rev (1m)1.05%
EPS NQ rev (3m)-1.35%
EPS NY rev (1m)-1.29%
EPS NY rev (3m)4.05%
Revenue NQ rev (1m)0.15%
Revenue NQ rev (3m)-0.75%
Revenue NY rev (1m)0.23%
Revenue NY rev (3m)-0.01%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.97 | ||
| Fwd PE | 7.11 | ||
| P/S | 0.86 | ||
| P/FCF | 7.32 | ||
| P/OCF | 7.32 | ||
| P/B | 1.56 | ||
| P/tB | 2.51 | ||
| EV/EBITDA | N/A |
EPS(TTM)7.92
EY11.15%
EPS(NY)10
Fwd EY14.07%
FCF(TTM)9.71
FCFY13.67%
OCF(TTM)9.71
OCFY13.67%
SpS82.75
BVpS45.52
TBVpS28.3
PEG (NY)0.94
PEG (5Y)0.81
Profitability
| Industry Rank | Sector 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 Rank | Sector 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)2.33%
EPS 3Y-3.34%
EPS 5Y11.08%
EPS Q2Q%5.73%
EPS Next Y9.54%
EPS Next 2Y14.99%
EPS Next 3Y14.83%
EPS Next 5Y15.74%
Revenue 1Y (TTM)9.55%
Revenue growth 3Y23.9%
Revenue growth 5Y1.31%
Sales Q2Q%-82.49%
Revenue Next Year4.5%
Revenue Next 2Y4.76%
Revenue Next 3Y3.67%
Revenue Next 5Y3.21%
EBIT growth 1Y-18.01%
EBIT growth 3Y-28.18%
EBIT growth 5Y5.65%
EBIT Next Year1.63%
EBIT Next 3Y6.83%
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%