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 100 industry peers in the Financial Services industry. VOYA has a medium profitability rating, but doesn't score so well on its financial health evaluation. VOYA 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 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.
VOYA had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a Return On Assets value of 0.32%, VOYA is not doing good in the industry: 67.00% of the companies in the same industry are doing better.
With a decent Return On Equity value of 12.11%, VOYA is doing good in the industry, outperforming 61.00% of the companies in the same industry.
With a Return On Invested Capital value of 0.49%, VOYA is not doing good in the industry: 67.00% of the companies in the same industry are doing better.
Measured over the past 3 years, the Average Return On Invested Capital for VOYA is significantly below the industry average of 11.84%.
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
With a Profit Margin value of 6.66%, VOYA perfoms like the industry average, outperforming 41.00% of the companies in the same industry.
VOYA's Profit Margin has declined in the last couple of years.
Looking at the Operating Margin, with a value of 12.74%, VOYA is in line with its industry, outperforming 44.00% of the companies in the same industry.
VOYA's Operating Margin has improved in the last couple of years.
| 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.
The debt/assets ratio for VOYA is higher compared to a year ago.
2.2 Solvency
VOYA has a debt to FCF ratio of 2.25. This is a good value and a sign of high solvency as VOYA would need 2.25 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 2.25, VOYA is doing good in the industry, outperforming 76.00% of the companies in the same industry.
VOYA has a Debt/Equity ratio of 0.48. This is a healthy value indicating a solid balance between debt and equity.
VOYA has a Debt to Equity ratio of 0.48. This is comparable to the rest of the industry: VOYA outperforms 60.00% 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 0.13%.
VOYA shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 11.08% yearly.
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.
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 Year4.14%
Revenue Next 2Y4.5%
Revenue Next 3Y3.46%
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 9.29, which indicates a very decent valuation of VOYA.
69.00% of the companies in the same industry are more expensive than VOYA, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 27.48, VOYA is valued rather cheaply.
VOYA is valuated cheaply with a Price/Forward Earnings ratio of 7.24.
Based on the Price/Forward Earnings ratio, VOYA is valued a bit cheaper than 74.00% of the companies in the same industry.
VOYA is valuated cheaply when we compare the Price/Forward Earnings ratio to 36.52, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.29 | ||
| Fwd PE | 7.24 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, VOYA is valued cheaper than 85.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.46 | ||
| 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.
A more expensive valuation may be justified as VOYA's earnings are expected to grow with 14.83% in the coming years.
PEG (NY)0.97
PEG (5Y)0.84
EPS Next 2Y14.99%
EPS Next 3Y14.83%
5. Dividend
5.1 Amount
VOYA has a Yearly Dividend Yield of 2.46%.
VOYA's Dividend Yield is a higher than the industry average which is at 4.86.
Compared to an average S&P500 Dividend Yield of 2.34, VOYA has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.46% |
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.
VOYA's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP40.3%
EPS Next 2Y14.99%
EPS Next 3Y14.83%
72.4
+0.97 (+1.36%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryFinancial Services
Earnings (Last)
Earnings (Next)
Inst Owners106.32%
Inst Owner Change0%
Ins Owners0.21%
Ins Owner Change6.48%
Market Cap6.97B
Analysts72.63
Price Target80.17 (10.73%)
Short Float %1.56%
Short Ratio1.68
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.46% |
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)0.64%
PT rev (3m)-2.85%
EPS NQ rev (1m)-3.37%
EPS NQ rev (3m)-4.82%
EPS NY rev (1m)0.04%
EPS NY rev (3m)-0.71%
Revenue NQ rev (1m)-0.05%
Revenue NQ rev (3m)-0.95%
Revenue NY rev (1m)0.28%
Revenue NY rev (3m)-0.48%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.29 | ||
| Fwd PE | 7.24 | ||
| P/S | 0.87 | ||
| P/FCF | 7.46 | ||
| P/OCF | 7.46 | ||
| P/B | 1.59 | ||
| P/tB | 2.56 | ||
| EV/EBITDA | N/A |
EPS(TTM)7.79
EY10.76%
EPS(NY)10
Fwd EY13.81%
FCF(TTM)9.71
FCFY13.41%
OCF(TTM)9.71
OCFY13.41%
SpS82.75
BVpS45.52
TBVpS28.3
PEG (NY)0.97
PEG (5Y)0.84
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)0.13%
EPS 3Y-3.34%
EPS 5Y11.08%
EPS Q2Q%12.99%
EPS Next Y9.54%
EPS Next 2Y14.99%
EPS Next 3Y14.83%
EPS Next 5Y15.74%
Revenue 1Y (TTM)5.34%
Revenue growth 3Y23.9%
Revenue growth 5Y1.31%
Sales Q2Q%-4%
Revenue Next Year4.14%
Revenue Next 2Y4.5%
Revenue Next 3Y3.46%
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%