VOYA Stock Analysis: Voya Financial | NYSE
Financial Conglomerates | NYSE, USA | Market Cap: 9.199m USD | 12M Return: 40.9% | US9290891004 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 93.4M
EPS Trend: -3.6%
Qual. Beats: 0
Rev. Trend: 17.2%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
Seasonality 11.6 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 headquartered in New York that provides workplace benefits, savings solutions, and related technologies domestically and internationally. The company operates through three reporting segments: Retirement (full-service retirement plan products, recordkeeping, stable value and fixed general account investments, non-qualified plan administration, and wealth management services for corporate, public sector, non-profit, healthcare, and education employers as well as institutional and individual clients); Investment Management (fixed income, equity, multi-asset, and alternative products distributed to individual investors, financial intermediaries, and institutional clients via direct sales, consultants, banks, broker-dealers, and independent advisers); and Employee Benefits (group insurance products such as stop loss, life, disability, critical illness, accident, and hospital indemnity, along with worksite benefits, health account solutions, leave management, and benefits administration targeted at mid-size and large corporate employers and professional associations).
The company was founded in 1975 and was formerly known as ING U.S., Inc. before adopting the Voya Financial name in April 2014. As a member of the Diversified Financial Services sub-industry within the Financials sector, Voya focuses primarily on employer-sponsored retirement plans, institutional asset management, and group benefits distribution, a business model centered on fee-based retirement recordkeeping and asset management rather than traditional commercial or consumer banking.
- Fed rate cuts pressure stable value and spread income
- Stop loss and group disability premiums expand steadily
- Share buybacks continue with excess capital deployment
| 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 (740.0m): 3.86 < 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: 4.13 > 6 (EBIT TTM 740.0m / 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: 0.00 (EBIT TTM 740.0m / Avg Total Assets 178b) |
| D: 0.03 (Book Value of Equity 4.68b / Total Liabilities 176b) |
| Altman-Z'' = 0.12 = B |
As of September 03, 2026, the stock is trading at USD 102.39 with a total of 685,890 shares traded. Over the past week, the price has changed by +0.84%, over one month by +2.80%, over three months by +24.62% and over the past year by +40.90%.
Current recommended Stop Loss: 99.40 (which is 2.9% or 1.4 ATR below the current price).
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 | 108.1 | 5.6% |
P/E Trailing = 16.9516
P/E Forward = 10.4493
P/S = 1.1265
P/B = 1.9446
P/EG = 1.19
Revenue TTM = 7.31b USD
EBIT TTM = 740.0m USD
EBITDA TTM = 740.0m 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 = 12.1b USD (9.20b + Debt 3.94b - CCE 1.08b)
Interest Coverage Ratio = 4.13 (Ebit TTM 740.0m / Interest Expense TTM 179.0m)
EV/FCF = 10.12x (Enterprise Value 12.1b / FCF TTM 1.19b)
FCF Yield = 9.89% (FCF TTM 1.19b / Enterprise Value 12.1b)
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 = 0.07 (Enterprise Value 12.1b / Total Assets 183b)
Interest Expense / Debt = 4.54% (Interest Expense 179.0m / Debt 3.94b)
Taxrate = 14.32% (106.0m / 740.0m)
NOPAT = 634.0m (EBIT 740.0m * (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 = 3.86 (Net Debt 2.86b / EBITDA 740.0m)
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 = 9.65% (EBIT 740.0m / Capital Employed (Equity 4.81b + L.T.Debt 2.85b))
RoIC = 0.35% (NOPAT 634.0m / Invested Capital 183b)
WACC = 7.47% (E(9.20b)/V(13.1b) * Re(9.0%) + D(3.94b)/V(13.1b) * Rd(4.54%) * (1-Tc(0.14)))
Discount Rate = 9.0% (= 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=2.57 | Chg30d=+3.07% | Revisions=+55% | Analysts=9
EPS current Year (2026-12-31): EPS=9.13 | Chg30d=-2.03% | Revisions=-58% | GrowthEPS=+3.2% | GrowthRev=-5.1%
EPS next Year (2027-12-31): EPS=11.36 | Chg30d=+0.43% | Revisions=+55% | GrowthEPS=+24.4% | GrowthRev=+4.9%
[Analyst] Revisions Ratio: +18% (up=15, down=10)