VISTRA CORP (VST)
US92840M1027 - Common Stock
Taking everything into account, VST scores 6 out of 10 in our fundamental rating. VST was compared to 21 industry peers in the Independent Power and Renewable Electricity Producers industry. While VST has a great profitability rating, there are some minor concerns on its financial health. VST is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year VST was profitable.
VST had a positive operating cash flow in the past year.
In multiple years VST reported negative net income over the last 5 years.
Of the past 5 years VST 4 years had a positive operating cash flow.
1.2 Ratios
VST has a better Return On Assets (4.07%) than 90.48% of its industry peers.
VST has a Return On Equity of 25.31%. This is amongst the best in the industry. VST outperforms 100.00% of its industry peers.
VST has a Return On Invested Capital of 8.72%. This is amongst the best in the industry. VST outperforms 100.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.07% | ||
| ROE | 25.31% | ||
| ROIC | 8.72% |
ROA(3y)-1.5%
ROA(5y)0.3%
ROE(3y)-6.13%
ROE(5y)0.17%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
Looking at the Profit Margin, with a value of 9.09%, VST belongs to the top of the industry, outperforming 85.71% of the companies in the same industry.
In the last couple of years the Profit Margin of VST has grown nicely.
With a decent Operating Margin value of 18.30%, VST is doing good in the industry, outperforming 61.90% of the companies in the same industry.
VST's Operating Margin has improved in the last couple of years.
With an excellent Gross Margin value of 99.99%, VST belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
VST's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 18.3% | ||
| PM (TTM) | 9.09% | ||
| GM | 99.99% |
OM growth 3Y4.15%
OM growth 5Y27.82%
PM growth 3Y17.81%
PM growth 5YN/A
GM growth 3Y0.05%
GM growth 5YN/A
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), VST is creating some value.
VST has less shares outstanding than it did 1 year ago.
The number of shares outstanding for VST has been reduced compared to 5 years ago.
Compared to 1 year ago, VST has a worse debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 1.21, we must say that VST is in the distress zone and has some risk of bankruptcy.
VST has a better Altman-Z score (1.21) than 80.95% of its industry peers.
VST has a debt to FCF ratio of 5.41. This is a neutral value as VST would need 5.41 years to pay back of all of its debts.
VST has a Debt to FCF ratio of 5.41. This is amongst the best in the industry. VST outperforms 90.48% of its industry peers.
A Debt/Equity ratio of 2.33 is on the high side and indicates that VST has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 2.33, VST is in the better half of the industry, outperforming 61.90% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.33 | ||
| Debt/FCF | 5.41 | ||
| Altman-Z | 1.21 |
ROIC/WACC1.22
WACC7.13%
2.3 Liquidity
VST has a Current Ratio of 1.18. This is a normal value and indicates that VST is financially healthy and should not expect problems in meeting its short term obligations.
VST has a Current ratio of 1.18. This is comparable to the rest of the industry: VST outperforms 42.86% of its industry peers.
VST has a Quick Ratio of 1.11. This is a normal value and indicates that VST is financially healthy and should not expect problems in meeting its short term obligations.
VST has a Quick ratio (1.11) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.18 | ||
| Quick Ratio | 1.11 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 211.53% over the past year.
VST shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 33.64% yearly.
VST shows a small growth in Revenue. In the last year, the Revenue has grown by 7.65%.
Measured over the past years, VST shows a quite strong growth in Revenue. The Revenue has been growing by 10.08% on average per year.
EPS 1Y (TTM)211.53%
EPS 3Y33.64%
EPS 5YN/A
EPS growth Q2Q24.66%
Revenue 1Y (TTM)7.65%
Revenue growth 3Y8.9%
Revenue growth 5Y10.08%
Revenue growth Q2Q-20.44%
3.2 Future
VST is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 14.25% yearly.
The Revenue is expected to decrease by -5.16% on average over the next years.
EPS Next Y23.57%
EPS Next 2Y14.89%
EPS Next 3Y11.42%
EPS Next 5Y14.25%
Revenue Next Year-8.65%
Revenue Next 2Y-1.35%
Revenue Next 3Y-5.21%
Revenue Next 5Y-5.16%
3.3 Evolution
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in 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
Based on the Price/Earnings ratio of 19.94, the valuation of VST can be described as rather expensive.
Compared to the rest of the industry, the Price/Earnings ratio of VST indicates a somewhat cheap valuation: VST is cheaper than 76.19% of the companies listed in the same industry.
VST's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 25.25.
A Price/Forward Earnings ratio of 16.14 indicates a correct valuation of VST.
85.71% of the companies in the same industry are more expensive than VST, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 21.67. VST is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.94 | ||
| Fwd PE | 16.14 |
4.2 Price Multiples
VST's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. VST is cheaper than 90.48% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, VST is valued cheaper than 85.71% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.2 | ||
| EV/EBITDA | 7.66 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
VST has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)0.85
PEG (5Y)N/A
EPS Next 2Y14.89%
EPS Next 3Y11.42%
5. Dividend
5.1 Amount
VST has a Yearly Dividend Yield of 1.31%.
VST's Dividend Yield is a higher than the industry average which is at 6.05.
With a Dividend Yield of 1.31, VST pays less dividend than the S&P500 average, which is at 2.45.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.31% |
5.2 History
The dividend of VST is nicely growing with an annual growth rate of 13.13%!
VST has been paying a dividend for over 5 years, so it has already some track record.
VST has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)13.13%
Div Incr Years4
Div Non Decr Years4
5.3 Sustainability
VST pays out 34.48% of its income as dividend. This is a sustainable payout ratio.
VST's earnings are growing around the same pace than its dividend. As long as the earnings growth is kept the dividend growth is sustainable.
DP34.48%
EPS Next 2Y14.89%
EPS Next 3Y11.42%
VISTRA CORP
NYSE:VST (4/25/2024, 10:37:10 AM)
71.385
+0.93 (+1.31%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap24.90B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.31% |
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)
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EPS beat(4)
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EPS beat(8)
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EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
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Revenue beat(4)
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Revenue beat(8)
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Revenue beat(12)
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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)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.94 | ||
| Fwd PE | 16.14 | ||
| 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)0.85
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.07% | ||
| ROE | 25.31% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 18.3% | ||
| PM (TTM) | 9.09% | ||
| GM | 99.99% | ||
| 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 Turnover0.45
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.33 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.18 | ||
| Quick Ratio | 1.11 | ||
| 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)211.53%
EPS 3Y33.64%
EPS 5Y
EPS growth Q2Q
EPS Next Y23.57%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)7.65%
Revenue growth 3Y8.9%
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