Overview Dividends

(VCTR) Victory Capital Holdings - Ratings and Ratios

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

Mutual Funds, ETFs, Separate Accounts, 529 Plans, Alternatives

VCTR EPS (Earnings per Share)

EPS Growth (3Y CAGR): 23.12%
EPS Trend (3Y Correlation): 88.0%

VCTR Revenue

Revenue Growth (3Y CAGR): 23.64%
Revenue Trend (3Y Correlation): 78.5%

Risk via 10d forecast
Volatility	31.0%
Value at Risk 5%th	49.2%
Relative Tail Risk	-3.65%

Reward TTM
Sharpe Ratio	0.07
Alpha	-15.49

Character TTM
Hurst Exponent	0.320
Beta	1.340
Beta Downside	1.377

Drawdowns 3y
Max DD	28.06%
Mean DD	6.69%
Median DD	5.58%

Description: VCTR Victory Capital Holdings November 06, 2025

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

As of Q2 2024, Victory Capital reported approximately **$140 billion** in assets under management (AUM), reflecting a **7 % year-over-year increase** driven largely by net inflows into its fee-based and ETF offerings; revenue grew to **$1.2 billion**, with operating margins expanding to **28 %** as scale improves cost efficiency.

Key industry dynamics influencing Victory Capital include continued **fee compression** as investors gravitate toward low-cost passive products, the **rise of ESG-focused allocations** that create demand for specialized active strategies, and a **moderate-to-high interest-rate environment** that boosts demand for fixed-income and alternative income solutions. These macro trends shape both the firm’s product mix and its competitive positioning within the Asset Management & Custody Banks sub-industry.

For a deeper quantitative assessment of Victory Capital’s valuation and risk profile, you might explore ValueRay’s analytical tools.

VCTR Stock Overview

Market Cap in USD	4,114m
Sub-Industry	Asset Management & Custody Banks
IPO / Inception	2018-02-08
Return 12m vs S&P 500	-13.8%
Analyst Rating	3.75 of 5

VCTR Dividends

Dividend Yield	3.06%
Yield on Cost 5y	11.49%
Yield CAGR 5y	61.25%
Payout Consistency	100.0%
Payout Ratio	33.9%

VCTR Growth Ratios

CAGR 3y	29.64%
CAGR/Max DD Calmar Ratio	1.06
CAGR/Mean DD Pain Ratio	4.43
Current Volume	462.3k
Average Volume	314k

Piotroski VR‑10 (Strict, 0-10) 5.0

Net Income (359.7m TTM) > 0 and > 6% of Revenue (6% = 69.9m TTM)

FCFTA 0.08 (>2.0%) and ΔFCFTA -5.35pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 11.06% (prev 10.64%; Δ 0.42pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.08 (>3.0%) and CFO 332.2m <= Net Income 359.7m (YES >=105%, WARN >=100%)

Net Debt (-115.7m) to EBITDA (492.2m) ratio: -0.24 <= 3.0 (WARN <= 3.5)

Current Ratio 1.79 (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 7.10 (EBITDA TTM 492.2m / Interest Expense TTM 61.0m) >= 6 (WARN >= 3)

Altman Z'' 2.45

(A) 0.03 = (Total Current Assets 292.7m - Total Current Liabilities 164.0m) / 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: 2.45 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 89.75

1. Piotroski 5.0pt = 0.0

2. FCF Yield 6.62% = 3.31

3. FCF Margin 28.21% = 7.05

4. Debt/Equity 0.40 = 2.42

5. Debt/Ebitda -0.24 = 2.50

6. ROIC - WACC (= 10.57)% = 12.50

7. RoE 20.18% = 1.68

8. Rev. Trend 78.50% = 5.89

9. EPS Trend 87.96% = 4.40

What is the price of VCTR shares?

As of November 18, 2025, the stock is trading at USD 61.78 with a total of 462,347 shares traded.
Over the past week, the price has changed by +0.87%, over one month by -5.42%, over three months by -12.27% and over the past year by -1.27%.

Is Victory Capital Holdings a good stock to buy?

Yes, based on ValueRay´s Fundamental Analyses, Victory Capital Holdings (NASDAQ:VCTR) is currently (November 2025) a good stock to buy. It has a ValueRay Fundamental Rating of 89.75 and therefor a positive outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of VCTR is around 64.94 USD . This means that VCTR is currently overvalued and has a potential downside of 5.11%.

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	74	19.8%
Analysts Target Price	74	19.8%
ValueRay Target Price	72.9	17.9%

VCTR Fundamental Data Overview November 16, 2025

Market Cap USD = 4.11b (4.11b USD * 1.0 USD.USD)
P/E Trailing = 16.241
P/E Forward = 9.0992
P/S = 3.5335
P/B = 1.7145
Beta = 1.121
Revenue TTM = 1.16b USD
EBIT TTM = 433.4m USD
EBITDA TTM = 492.2m USD
Long Term Debt = 972.0m USD (from longTermDebt, last quarter)
Short Term Debt = 2.93m USD (from shortTermDebt, last fiscal year)
Debt = 963.9m USD (from shortLongTermDebtTotal, last fiscal year)
Net Debt = -115.7m USD (from netDebt column, last quarter)
Enterprise Value = 4.96b USD (4.11b + Debt 963.9m - CCE 115.7m)
Interest Coverage Ratio = 7.10 (Ebit TTM 433.4m / Interest Expense TTM 61.0m)
FCF Yield = 6.62% (FCF TTM 328.5m / Enterprise Value 4.96b)
FCF Margin = 28.21% (FCF TTM 328.5m / Revenue TTM 1.16b)
Net Margin = 30.89% (Net Income TTM 359.7m / 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 = 1.18 (Enterprise Value 4.96b / Total Assets 4.21b)
Interest Expense / Debt = 1.36% (Interest Expense 13.1m / Debt 963.9m)
Taxrate = -25.32% (negative due to tax credits) (-32.7m / 129.3m)
NOPAT = 543.2m (EBIT 433.4m * (1 - -25.32%)) [negative tax rate / tax credits]
Current Ratio = 1.79 (Total Current Assets 292.7m / Total Current Liabilities 164.0m)
Debt / Equity = 0.40 (Debt 963.9m / totalStockholderEquity, last quarter 2.40b)
Debt / EBITDA = -0.24 (Net Debt -115.7m / EBITDA 492.2m)
Debt / FCF = -0.35 (Net Debt -115.7m / FCF TTM 328.5m)
Total Stockholder Equity = 1.78b (last 4 quarters mean from totalStockholderEquity)
RoA = 8.54% (Net Income 359.7m / Total Assets 4.21b)
RoE = 20.18% (Net Income TTM 359.7m / Total Stockholder Equity 1.78b)
RoCE = 15.73% (EBIT 433.4m / Capital Employed (Equity 1.78b + L.T.Debt 972.0m))
RoIC = 19.76% (NOPAT 543.2m / Invested Capital 2.75b)
WACC = 9.19% (E(4.11b)/V(5.08b) * Re(10.94%) + D(963.9m)/V(5.08b) * Rd(1.36%) * (1-Tc(-0.25)))
Discount Rate = 10.94% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -4.26%
[DCF Debug] Terminal Value 68.04% ; FCFE base≈334.4m ; Y1≈328.0m ; Y5≈334.6m
Fair Price DCF = 58.46 (DCF Value 3.80b / Shares Outstanding 64.9m; 5y FCF grow -2.90% → 3.0% )
EPS Correlation: 87.96 | EPS CAGR: 23.12% | SUE: 0.85 | # QB: 2
Revenue Correlation: 78.50 | Revenue CAGR: 23.64% | SUE: -0.56 | # QB: 0

Additional Sources for VCTR Stock

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