(VCTR) Victory Capital Holdings - Ratings and Ratios

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: US92645B1035

Mutual Funds, ETFs, Separate Accounts, Alternative Investments, 529 Plans

Asset Management & Custody Banks
Market Cap in USD: 4,281m

IPO / Inception: 2018-02-08
Return 12m vs S&P 500: -4.69%

EPS (Earnings per Share)

EPS CAGR: -47.93%
EPS Trend: -14.1%

Last SUE: -4.00
Qual. Beats: 0

Revenue

Rev. CAGR: 12.91%
Rev. Trend: 58.6%

Last SUE: -0.56
Qual. Beats: 0

Dividends

Dividend Yield	2.82%
Yield on Cost 5y	9.60%
Yield CAGR 5y	38.32%
Payout Consistency	100.0%
Payout Ratio	33.9%

Risk via 5d forecast
Volatility	30.3%
Value at Risk 5%th	48.0%
Relative Tail Risk	-3.53%

Reward TTM
Sharpe Ratio	0.37
Alpha	-8.10
CAGR/Max DD	1.34

Character TTM
Hurst Exponent	0.310
Beta	1.323
Beta Downside	1.403

Drawdowns 3y
Max DD	28.06%
Mean DD	6.59%
Median DD	5.35%

Description: VCTR Victory Capital Holdings January 09, 2026

Victory Capital Holdings Inc. (NASDAQ: VCTR) is a U.S.–based asset manager that delivers a broad suite of investment solutions-including active and passive mutual funds, ETFs, separate accounts, variable insurance products, alternative strategies, private closed-end funds, and a 529 education savings plan-to institutional clients, retirement platforms, intermediaries, and retail investors. The firm also distributes third-party products and provides ancillary services such as fund administration, transfer-agent, and distribution support.

As of the most recent filing (FY 2023), Victory reported approximately $100 billion in assets under management (AUM), representing a 7 % year-over-year increase driven largely by net inflows into its actively managed equity and fixed-income funds. The company’s revenue mix is roughly 65 % fee-based and 35 % performance-based, reflecting the industry-wide shift toward lower-cost passive products and heightened fee compression pressure. A key macro driver for Victory’s outlook is the Federal Reserve’s interest-rate policy: higher rates tend to boost demand for fixed-income solutions while also increasing the cost of capital for leveraged alternative strategies.

For a deeper, data-rich perspective on Victory Capital’s valuation and risk profile, you might find the analytics on ValueRay worth exploring.

Piotroski VR‑10 (Strict, 0-10) 6.0

Net Income (294.2m TTM) > 0 and > 6% of Revenue (6% = 69.9m TTM)

FCFTA 0.08 (>2.0%) and ΔFCFTA -5.38pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 12.01% (prev 10.64%; Δ 1.37pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.08 (>3.0%) and CFO 332.2m > Net Income 294.2m (YES >=105%, WARN >=100%)

Net Debt (903.3m) to EBITDA (522.2m) ratio: 1.73 <= 3.0 (WARN <= 3.5)

Current Ratio 1.84 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (67.0m) change vs 12m ago 1.37% (target <= -2.0% for YES)

Gross Margin 61.24% (prev 57.69%; Δ 3.54pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 34.12% (prev 33.19%; Δ 0.94pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 7.15 (EBITDA TTM 522.2m / Interest Expense TTM 64.8m) >= 6 (WARN >= 3)

Altman Z'' 2.52

(A) 0.03 = (Total Current Assets 305.5m - Total Current Liabilities 165.7m) / Total Assets 4.21b

(B) 0.24 = Retained Earnings (Balance) 1.03b / Total Assets 4.21b

(D) 0.57 = Book Value of Equity 1.04b / Total Liabilities 1.81b

Total Rating: 2.52 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 73.77

1. Piotroski 6.0pt

2. FCF Yield 6.34%

3. FCF Margin 28.21%

4. Debt/Equity 0.42

5. Debt/Ebitda 1.73

6. ROIC - WACC (= 3.64)%

7. RoE 16.50%

8. Rev. Trend 58.55%

9. EPS Trend -14.10%

What is the price of VCTR shares?

As of January 11, 2026, the stock is trading at USD 68.71 with a total of 233,798 shares traded.
Over the past week, the price has changed by +7.19%, over one month by +9.76%, over three months by +2.73% and over the past year by +15.30%.

Is VCTR a buy, sell or hold?

Victory Capital Holdings has received a consensus analysts rating of 3.75. Therefor, it is recommend to hold VCTR.

Strong Buy: 2
Buy: 2
Hold: 4
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the VCTR price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	72.2	5%
Analysts Target Price	72.2	5%
ValueRay Target Price	89.9	30.8%

VCTR Fundamental Data Overview January 04, 2026

P/E Trailing = 16.4359
P/E Forward = 9.0416
P/S = 3.6765
P/B = 1.7078
Beta = 1.122
Revenue TTM = 1.16b USD
EBIT TTM = 463.4m USD
EBITDA TTM = 522.2m USD
Long Term Debt = 972.0m USD (from longTermDebt, last quarter)
Short Term Debt = 7.36m USD (from shortTermDebt, last quarter)
Debt = 1.02b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 903.3m USD (from netDebt column, last quarter)
Enterprise Value = 5.18b USD (4.28b + Debt 1.02b - CCE 115.7m)
Interest Coverage Ratio = 7.15 (Ebit TTM 463.4m / Interest Expense TTM 64.8m)
EV/FCF = 15.78x (Enterprise Value 5.18b / FCF TTM 328.5m)
FCF Yield = 6.34% (FCF TTM 328.5m / Enterprise Value 5.18b)
FCF Margin = 28.21% (FCF TTM 328.5m / Revenue TTM 1.16b)
Net Margin = 25.27% (Net Income TTM 294.2m / Revenue TTM 1.16b)
Gross Margin = 61.24% ((Revenue TTM 1.16b - Cost of Revenue TTM 451.4m) / Revenue TTM)
Gross Margin QoQ = 71.18% (prev 70.55%)
Tobins Q-Ratio = 1.23 (Enterprise Value 5.18b / Total Assets 4.21b)
Interest Expense / Debt = 1.66% (Interest Expense 16.9m / Debt 1.02b)
Taxrate = 25.32% (32.7m / 129.3m)
NOPAT = 346.1m (EBIT 463.4m * (1 - 25.32%))
Current Ratio = 1.84 (Total Current Assets 305.5m / Total Current Liabilities 165.7m)
Debt / Equity = 0.42 (Debt 1.02b / totalStockholderEquity, last quarter 2.40b)
Debt / EBITDA = 1.73 (Net Debt 903.3m / EBITDA 522.2m)
Debt / FCF = 2.75 (Net Debt 903.3m / FCF TTM 328.5m)
Total Stockholder Equity = 1.78b (last 4 quarters mean from totalStockholderEquity)
RoA = 8.62% (Net Income 294.2m / Total Assets 4.21b)
RoE = 16.50% (Net Income TTM 294.2m / Total Stockholder Equity 1.78b)
RoCE = 16.82% (EBIT 463.4m / Capital Employed (Equity 1.78b + L.T.Debt 972.0m))
RoIC = 12.59% (NOPAT 346.1m / Invested Capital 2.75b)
WACC = 8.95% (E(4.28b)/V(5.30b) * Re(10.79%) + D(1.02b)/V(5.30b) * Rd(1.66%) * (1-Tc(0.25)))
Discount Rate = 10.79% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -4.26%
[DCF Debug] Terminal Value 74.33% ; FCFF base≈334.8m ; Y1≈327.9m ; Y5≈333.1m
Fair Price DCF = 62.51 (EV 4.96b - Net Debt 903.3m = Equity 4.06b / Shares 64.9m; r=8.95% [WACC]; 5y FCF grow -3.01% → 2.90% )
EPS Correlation: -14.10 | EPS CAGR: -47.93% | SUE: -4.0 | # QB: 0
Revenue Correlation: 58.55 | Revenue CAGR: 12.91% | SUE: -0.56 | # QB: 0
EPS next Quarter (2026-03-31): EPS=1.62 | Chg30d=-0.009 | Revisions Net=-2 | Analysts=6
EPS next Year (2026-12-31): EPS=6.92 | Chg30d=-0.048 | Revisions Net=-2 | Growth EPS=+11.1% | Growth Revenue=+16.4%

Additional Sources for VCTR Stock

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