Voya Financial
Market Cap
US$7.7b
Last Updated
2021/03/06 23:53 UTC
Data Sources
Company Financials +
Executive Summary
Voya Financial, Inc. operates as a retirement, investment, and employee benefits company in the United States. More Details
Rewards
Risk Analysis
Snowflake Analysis
Adequate balance sheet with moderate growth potential.
Similar Companies
Share Price & News
How has Voya Financial's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: VOYA is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: VOYA's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
3.3%
VOYA
4.6%
US Diversified Financial
-0.4%
US Market
1 Year Return
19.5%
VOYA
23.6%
US Diversified Financial
36.2%
US Market
Return vs Industry: VOYA underperformed the US Diversified Financial industry which returned 23.6% over the past year.
Return vs Market: VOYA underperformed the US Market which returned 36.3% over the past year.
Shareholder returns
| VOYA | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.3% | 4.6% | -0.4% |
| 30 Day | 6.4% | 7.8% | -2.3% |
| 90 Day | 4.8% | 10.1% | 5.0% |
| 1 Year | 20.8%19.5% | 23.7%23.6% | 39.1%36.2% |
| 3 Year | 20.0%17.6% | 19.1%18.8% | 48.4%39.0% |
| 5 Year | 102.9%98.3% | 80.8%80.0% | 116.6%92.4% |
Long-Term Price Volatility Vs. Market
How volatile is Voya Financial's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Be Sure To Check Out Voya Financial, Inc. (NYSE:VOYA) Before It Goes Ex-Dividend1 month ago | Simply Wall St
Investors Who Bought Voya Financial (NYSE:VOYA) Shares Five Years Ago Are Now Up 94%2 months ago | Simply Wall St
Key Things To Watch Out For If You Are After Voya Financial, Inc.'s (NYSE:VOYA) 1.0% DividendValuation
Is Voya Financial undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: VOYA ($62.24) is trading below our estimate of fair value ($166.68)
Significantly Below Fair Value: VOYA is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: VOYA is poor value based on its PE Ratio (44.8x) compared to the US Diversified Financial industry average (11.4x).
PE vs Market: VOYA is poor value based on its PE Ratio (44.8x) compared to the US market (21.5x).
Price to Earnings Growth Ratio
PEG Ratio: VOYA is poor value based on its PEG Ratio (2.1x)
Price to Book Ratio
PB vs Industry: VOYA's PB Ratio (0.8x) is in line with the US Diversified Financial industry average.
Next Steps
Future Growth
How is Voya Financial forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
21.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: VOYA's forecast earnings growth (21.1% per year) is above the savings rate (2%).
Earnings vs Market: VOYA's earnings (21.1% per year) are forecast to grow faster than the US market (19.3% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: VOYA's revenue is expected to decline over the next 3 years (-6.5% per year).
High Growth Revenue: VOYA's revenue is forecast to decline over the next 3 years (-6.5% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: VOYA's Return on Equity is forecast to be low in 3 years time (17.9%).
Next Steps
Past Performance
How has Voya Financial performed over the past 5 years?
25.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: VOYA has high quality earnings.
Growing Profit Margin: VOYA's current net profit margins (2.3%) are lower than last year (9.5%).
Past Earnings Growth Analysis
Earnings Trend: VOYA's earnings have grown significantly by 25.4% per year over the past 5 years.
Accelerating Growth: VOYA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: VOYA had negative earnings growth (-75.1%) over the past year, making it difficult to compare to the Diversified Financial industry average (-23%).
Return on Equity
High ROE: VOYA's Return on Equity (3.3%) is considered low.
Next Steps
Financial Health
How is Voya Financial's financial position?
Financial Position Analysis
Short Term Liabilities: VOYA's short term assets ($27.6B) exceed its short term liabilities ($19.0B).
Long Term Liabilities: VOYA's short term assets ($27.6B) do not cover its long term liabilities ($150.3B).
Debt to Equity History and Analysis
Debt Level: VOYA's debt to equity ratio (33.3%) is considered satisfactory.
Reducing Debt: VOYA's debt to equity ratio has increased from 32.7% to 33.3% over the past 5 years.
Debt Coverage: VOYA's debt is well covered by operating cash flow (32.4%).
Interest Coverage: VOYA's interest payments on its debt are well covered by EBIT (3.3x coverage).
Balance Sheet
Next Steps
Dividend
What is Voya Financial current dividend yield, its reliability and sustainability?
1.06%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: VOYA's dividend (1.06%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.31%).
High Dividend: VOYA's dividend (1.06%) is low compared to the top 25% of dividend payers in the US market (3.64%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, VOYA has been paying a dividend for less than 10 years.
Growing Dividend: VOYA's dividend payments have increased, but the company has only paid a dividend for 8 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (43.2%), VOYA's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: VOYA's dividends in 3 years are forecast to be thoroughly covered by earnings (9.5% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.9yrs
Average management tenure
CEO
Rod Martin (68 yo)
9.92yrs
Tenure
US$12,554,291
Compensation
Mr. Rodney Owen Martin, Jr., also known as Rod, has been the Chief Executive of Voya Financial, Inc. (formerly, ING U.S., Inc) since April 2011 and its Chairman since May 2013. Mr. Martin joined Voya Fina...
CEO Compensation Analysis
Compensation vs Market: Rod's total compensation ($USD12.55M) is above average for companies of similar size in the US market ($USD6.41M).
Compensation vs Earnings: Rod's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 9.92yrs | US$12.55m | 0.21% $ 16.3m | |
| Executive VP | 4.33yrs | US$5.16m | 0.14% $ 11.1m | |
| Chief Executive Officer of Retirement & Employee Benefits | 5.83yrs | US$5.00m | 0.13% $ 9.6m | |
| Chief Executive Officer of Voya Investment Management | 4.5yrs | US$6.42m | 0.076% $ 5.8m | |
| Executive Vice President of Operations & Continuous Improvement | no data | no data | 0.028% $ 2.2m | |
| Senior MD | 5.33yrs | no data | 0.011% $ 820.6k | |
| Chief Information Officer | 3.5yrs | no data | no data | |
| Senior VP & Head of Investor Relations and Enterprise FP&A | 3.17yrs | no data | no data | |
| Executive VP & Chief Legal Officer | 1.08yrs | no data | 0.019% $ 1.5m | |
| Chief Communications Officer & Senior VP of Corporate Communications | 6.17yrs | no data | no data | |
| Executive VP & Chief Human Resources Officer | 9.08yrs | no data | 0.021% $ 1.6m | |
| Senior Vice President of Compensation | no data | no data | no data |
4.9yrs
Average Tenure
58yo
Average Age
Experienced Management: VOYA's management team is considered experienced (4.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 9.92yrs | US$12.55m | 0.21% $ 16.3m | |
| Independent Director | 5.67yrs | US$309.97k | 0.0058% $ 446.1k | |
| Lead Independent Director | 3.67yrs | US$334.97k | 0.0041% $ 317.5k | |
| Director | 0.42yr | no data | no data | |
| Independent Director | 5.92yrs | US$299.97k | 0.0028% $ 218.1k | |
| Independent Director | 5.67yrs | US$319.97k | 0.0032% $ 248.9k | |
| Independent Director | 1.42yrs | US$71.06k | no data | |
| Independent Director | 6.83yrs | US$300.97k | no data | |
| Independent Director | 6.42yrs | US$289.51k | 0.00072% $ 55.5k |
5.7yrs
Average Tenure
65yo
Average Age
Experienced Board: VOYA's board of directors are considered experienced (5.7 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Voya Financial, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Voya Financial, Inc.
- Ticker: VOYA
- Exchange: NYSE
- Founded: 1999
- Industry: Other Diversified Financial Services
- Sector: Diversified Financials
- Market Cap: US$7.705b
- Shares outstanding: 123.80m
- Website: https://www.voya.com
Number of Employees
Location
- Voya Financial, Inc.
- 230 Park Avenue
- New York
- New York
- 10169
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| VOYA | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | May 2013 |
| V0Y | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | May 2013 |
| VOYA.PRB | NYSE (New York Stock Exchange) | 5.35% DP PFD B | US | USD | Jun 2019 |
Biography
Voya Financial, Inc. operates as a retirement, investment, and employee benefits company in the United States. The company’s Retirement segment offers tax-deferred employer-sponsored retirement savings pla...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/06 23:53 |
| End of Day Share Price | 2021/03/05 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.