VOYA Stock Analysis: Voya Financial | NYSE
Financial Conglomerates | NYSE, USA | Market Cap: 8.883m USD | 12M Return: 39.2% | US9290891004 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 83.2M
EPS Trend: -3.6%
Qual. Beats: 0
Rev. Trend: 17.2%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Voya Financial, Inc. (NYSE: VOYA) is a U.S.-based financial services company that provides workplace benefits and savings solutions through three operating segments: Retirement, Employee Benefits, and Investment Management. The Retirement segment offers full-service retirement products, recordkeeping, stable value products, non-qualified plan administration, and wealth management services to corporate, government, healthcare, education, and non-profit employers, as well as institutional and individual clients. The Employee Benefits segment provides group insurance products such as stop loss, group life and disability, critical illness, accident, and hospital indemnity coverage, along with worksite benefits, leave management, and benefits administration for mid-size and large employers. The Investment Management segment delivers fixed income, equity, multi-asset, and alternative products to individual investors, financial intermediaries, and institutional clients through direct sales, consultant channels, and intermediary partners. The company was originally founded in 1975, was formerly known as ING U.S., Inc., and adopted the Voya Financial name in April 2014; it is headquartered in New York, New York.
Voya operates within the Diversified Financial Services sub-industry of the Financials sector, a category that includes companies with multiple lines of financial business. Its core focus on workplace retirement plans and group benefits aligns with the broader industry trend of employers shifting from traditional defined benefit pensions to defined contribution plans, increasing demand for recordkeeping, plan administration, and participant advisory services. As a mid-cap stock, Voya sits between large diversified insurers and smaller specialist benefit providers, with its scale supporting both institutional investment management and employer-sponsored insurance distribution.
- Stable value spreads widen on higher interest rates
- Investment Management fees rise with equity market gains
- Employee Benefits margins expand on favorable stop loss claims
| Net Income: 608.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA -0.14 > 1.0 |
| NWC/Revenue: 12.32% < 20% (prev 482.1%; Δ -469.8% < -1%) |
| CFO/TA 0.01 > 3% & CFO 1.19b > Net Income 608.0m |
| Net Debt (2.86b) to EBITDA (951.0m): 3.01 < 3 |
| Current Ratio: 6.93 > 1.5 & < 3 |
| Outstanding Shares: last quarter (97.0m) vs 12m ago -1.02% < -2% |
| Gross Margin: 50.64% > 18% (prev 70.54%; Δ -19.90% > 0.5%) |
| Asset Turnover: 4.12% > 50% (prev 4.59%; Δ -0.47% > 0%) |
| Interest Coverage Ratio: 5.31 > 6 (EBIT TTM 951.0m / Interest Expense TTM 179.0m) |
| A: 0.00 (Total Current Assets 1.05b - Total Current Liabilities 152.0m) / Total Assets 183b |
| B: 0.01 (Retained Earnings 1.56b / Total Assets 183b) |
| C: 0.01 (EBIT TTM 951.0m / Avg Total Assets 178b) |
| D: 0.03 (Book Value of Equity 4.68b / Total Liabilities 176b) |
| Altman-Z'' = 0.12 = B |
As of November 03, 2026, the stock is trading at USD 99.42 with a total of 1,257,300 shares traded. Over the past week, the price has changed by +2.96%, over one month by +2.87%, over three months by -0.18% and over the past year by +39.21%.
Current recommended Stop Loss: 96.10 (which is 3.3% or 1.4 ATR below the current price).
Voya Financial has received a consensus analysts rating of 3.83. Therefore, it is recommended to buy VOYA.
- StrongBuy: 4
- Buy: 3
- Hold: 4
- Sell: 1
- StrongSell: 0
| Analysts Target Price | 107.8 | 8.5% |
P/E Trailing = 16.5067
P/E Forward = 8.5911
P/S = 1.0878
P/B = 1.896
P/EG = 1.19
Revenue TTM = 7.31b USD
EBIT TTM = 951.0m USD
EBITDA TTM = 951.0m USD
Long Term Debt = 2.85b USD (from longTermDebt, last quarter)
Short Term Debt = 153.0m USD (from shortTermDebt, last quarter)
Debt = 3.94b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 2.86b USD (calculated: Debt 3.94b - CCE 1.08b)
Enterprise Value = 11.7b USD (8.88b + Debt 3.94b - CCE 1.08b)
Interest Coverage Ratio = 5.31 (Ebit TTM 951.0m / Interest Expense TTM 179.0m)
EV/FCF = 9.85x (Enterprise Value 11.7b / FCF TTM 1.19b)
FCF Yield = 10.15% (FCF TTM 1.19b / Enterprise Value 11.7b)
FCF Margin = 16.30% (FCF TTM 1.19b / Revenue TTM 7.31b)
Net Margin = 8.31% (Net Income TTM 608.0m / Revenue TTM 7.31b)
Gross Margin = 50.64% ((Revenue TTM 7.31b - Cost of Revenue TTM 3.61b) / Revenue TTM)
Gross Margin QoQ = none% (prev none%)
Tobins Q-Ratio = 0.06 (Enterprise Value 11.7b / Total Assets 183b)
Interest Expense / Debt = 4.54% (Interest Expense 179.0m / Debt 3.94b)
Taxrate = 14.32% (106.0m / 740.0m)
NOPAT = 814.8m (EBIT 951.0m * (1 - 14.32%))
Current Ratio = 6.93 (Total Current Assets 1.05b / Total Current Liabilities 152.0m)
Debt / Equity = 0.84 (Debt 3.94b / totalStockholderEquity, last quarter 4.68b)
Debt / EBITDA = 3.01 (Net Debt 2.86b / EBITDA 951.0m)
Debt / FCF = 2.40 (Net Debt 2.86b / FCF TTM 1.19b)
Total Stockholder Equity = 4.81b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.34% (Net Income 608.0m / Total Assets 183b)
RoE = 12.63% (Net Income TTM 608.0m / Total Stockholder Equity 4.81b)
RoCE = 12.41% (EBIT 951.0m / Capital Employed (Equity 4.81b + L.T.Debt 2.85b))
RoIC = 0.45% (NOPAT 814.8m / Invested Capital 183b)
WACC = 6.94% (E(8.88b)/V(12.8b) * Re(8.30%) + D(3.94b)/V(12.8b) * Rd(4.54%) * (1-Tc(0.14)))
Discount Rate = 8.30% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -89.61 | Cagr: -3.26%
[DCF] Terminal Value 73.56% ; FCFF base≈1.26b ; Y1≈1.13b ; Y5≈961.8m
[DCF] Fair Price = 137.8 (EV 15.3b - Net Debt 2.86b = Equity 12.5b / Shares 90.6m; r=8.35% [WACC [floored]]; 5y FCF grow -12.42% → 2.50% )
EPS Correlation: -3.55 | EPS CAGR: -0.32% | SUE: -0.69 | # QB: 0
Revenue Correlation: 17.24 | Revenue CAGR: 0.83% | SUE: -0.02 | # QB: 0
EPS current Quarter (2026-09-30): EPS=2.58 | Chg30d=+0.75% | Revisions=+0% | Analysts=12
EPS current Year (2026-12-31): EPS=9.07 | Chg30d=-0.40% | Revisions=-50% | GrowthEPS=+2.5% | GrowthRev=-5.5%
EPS next Year (2027-12-31): EPS=11.30 | Chg30d=-0.56% | Revisions=+0% | GrowthEPS=+24.5% | GrowthRev=+4.4%
[Analyst] Revisions Ratio: -25% (up=6, down=11)