(VOYA) Voya Financial - Overview
Sector: Financial Services | Industry: Financial Conglomerates | Exchange: NYSE (USA) | Market Cap: 7.470m USD | Total Return: 25.7% in 12m
Avg Turnover: 99.9M
EPS Trend: -9.1%
Qual. Beats: 0
Rev. Trend: 58.6%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
Idiosyncratic Leader
Voya Financial, Inc. (NYSE: VOYA) operates as a diversified financial services firm providing workplace benefits, retirement savings solutions, and investment management services. The company is organized into three primary segments: Retirement, Investment Management, and Employee Benefits. Formerly known as ING U.S., the firm rebranded in 2014 and currently serves a broad client base including corporate employers, government entities, and institutional investors.
The business model relies heavily on fee-based revenue from asset management and administrative services, as well as premiums from group insurance products like stop-loss and disability coverage. In the Retirement segment, Voya functions as a recordkeeper and advisor for defined contribution plans, a sector characterized by high barriers to entry due to complex regulatory requirements and the need for scalable technology infrastructure.
The Investment Management division distributes fixed income, equity, and alternative strategies through both direct sales and intermediary channels. For a deeper look into the companys valuation metrics and historical performance, consider reviewing the data available on ValueRay. Voyas Employee Benefits segment further diversifies the firms revenue stream by providing holistic financial wellness tools and insurance solutions to mid-sized and large corporations.
- Asset management fee growth depends on equity and fixed income market performance
- Higher interest rates increase spreads on stable value and fixed account products
- Expansion of workplace benefits enrollment drives premium revenue and margin growth
- Corporate retirement plan retention and participant contribution levels impact total assets
- Regulatory changes to ERISA or tax-advantaged savings affect retirement segment profitability
| Net Income: 680.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.00 > 0.02 and ΔFCF/TA 0.29 > 1.0 |
| NWC/Revenue: 152.7% < 20% (prev 480.4%; Δ -327.7% < -1%) |
| CFO/TA 0.01 > 3% & CFO 1.43b > Net Income 680.0m |
| Net Debt (2.70b) to EBITDA (894.0m): 3.02 < 3 |
| Current Ratio: 41.20 > 1.5 & < 3 |
| Outstanding Shares: last quarter (97.0m) vs 12m ago -0.91% < -2% |
| Gross Margin: 51.21% > 18% (prev 0.59%; Δ 5.06k% > 0.5%) |
| Asset Turnover: 4.39% > 50% (prev 4.86%; Δ -0.47% > 0%) |
| Interest Coverage Ratio: 4.28 > 6 (EBITDA TTM 894.0m / Interest Expense TTM 209.0m) |
| A: 0.07 (Total Current Assets 11.6b - Total Current Liabilities 281.0m) / Total Assets 173b |
| B: 0.01 (Retained Earnings 1.51b / Total Assets 173b) |
| C: 0.01 (EBIT TTM 894.0m / Avg Total Assets 169b) |
| D: -0.00 (Book Value of Equity -549.0m / Total Liabilities 167b) |
| Altman-Z'' = 0.49 = B |
As of May 27, 2026, the stock is trading at USD 82.41 with a total of 477,818 shares traded.
Over the past week, the price has changed by +1.83%,
over one month by +1.42%,
over three months by +15.69% and
over the past year by +25.71%.
Voya Financial has received a consensus analysts rating of 3.58. Therefore, it is recommended to hold VOYA.
- StrongBuy: 2
- Buy: 4
- Hold: 5
- Sell: 1
- StrongSell: 0
| Analysts Target Price | 88.8 | 7.8% |
P/E Trailing = 12.4456
P/E Forward = 8.8889
P/S = 0.9053
P/B = 1.6037
P/EG = 1.19
Revenue TTM = 7.40b USD
EBIT TTM = 894.0m USD
EBITDA TTM = 894.0m USD
Long Term Debt = 3.09b USD (from longTermDebt, last quarter)
Short Term Debt = 587.0m USD (from shortTermDebt, last quarter)
Debt = 3.67b USD (corrected: LT Debt 3.09b + ST Debt 587.0m)
Net Debt = 2.70b USD (calculated: Debt 3.67b - CCE 969.0m)
Enterprise Value = 10.2b USD (7.47b + Debt 3.67b - CCE 969.0m)
Interest Coverage Ratio = 4.28 (Ebit TTM 894.0m / Interest Expense TTM 209.0m)
EV/FCF = 14.96x (Enterprise Value 10.2b / FCF TTM 680.0m)
FCF Yield = 6.68% (FCF TTM 680.0m / Enterprise Value 10.2b)
FCF Margin = 9.19% (FCF TTM 680.0m / Revenue TTM 7.40b)
Net Margin = 9.19% (Net Income TTM 680.0m / Revenue TTM 7.40b)
Gross Margin = 51.21% ((Revenue TTM 7.40b - Cost of Revenue TTM 3.61b) / Revenue TTM)
Gross Margin QoQ = none% (prev none%)
Tobins Q-Ratio = 0.06 (Enterprise Value 10.2b / Total Assets 173b)
Interest Expense / Debt = 5.69% (Interest Expense 209.0m / Debt 3.67b)
Taxrate = 15.22% (35.0m / 230.0m)
NOPAT = 758.0m (EBIT 894.0m * (1 - 15.22%))
Current Ratio = 39.92 (Total Current Assets 11.6b / Total Current Liabilities 290.0m)
Debt / Equity = 0.79 (Debt 3.67b / totalStockholderEquity, last quarter 4.66b)
Debt / EBITDA = 3.02 (Net Debt 2.70b / EBITDA 894.0m)
Debt / FCF = 3.98 (Net Debt 2.70b / FCF TTM 680.0m)
Total Stockholder Equity = 4.80b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.40% (Net Income 680.0m / Total Assets 173b)
RoE = 14.17% (Net Income TTM 680.0m / Total Stockholder Equity 4.80b)
RoCE = 11.34% (EBIT 894.0m / Capital Employed (Equity 4.80b + L.T.Debt 3.09b))
RoIC = 0.44% (NOPAT 758.0m / Invested Capital 174b)
WACC = 8.11% (E(7.47b)/V(11.1b) * Re(9.73%) + D(3.67b)/V(11.1b) * Rd(5.69%) * (1-Tc(0.15)))
Discount Rate = 9.73% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -93.21 | Cagr: -5.93%
[DCF] Terminal Value 77.97% ; FCFF base≈473.6m ; Y1≈542.9m ; Y5≈799.0m
[DCF] Fair Price = 102.8 (EV 12.0b - Net Debt 2.70b = Equity 9.32b / Shares 90.7m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: -9.07 | EPS CAGR: -0.83% | SUE: 0.48 | # QB: 0
Revenue Correlation: 58.64 | Revenue CAGR: 3.95% | SUE: -0.55 | # QB: 0
EPS current Quarter (2026-06-30): EPS=2.37 | Chg30d=-3.92% | Revisions=-11% | Analysts=10
EPS next Quarter (2026-09-30): EPS=2.43 | Chg30d=-2.90% | Revisions=-25% | Analysts=9
EPS current Year (2026-12-31): EPS=9.45 | Chg30d=-1.31% | Revisions=-27% | GrowthEPS=+6.8% | GrowthRev=-4.7%
EPS next Year (2027-12-31): EPS=11.08 | Chg30d=-0.44% | Revisions=-9% | GrowthEPS=+17.2% | GrowthRev=+5.1%
[Analyst] Revisions Ratio: -27%