NYSE:VST

Stock Analysis Report

Executive Summary

Vistra Energy Corp., through its subsidiaries, engages in electricity business in the United States.

Snowflake

Fundamentals

Fair value with acceptable track record.


Similar Companies

Share Price & News

How has Vistra Energy's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-0.7%

VST

1.3%

US Renewable Energy

0.5%

US Market


1 Year Return

16.4%

VST

18.4%

US Renewable Energy

6.8%

US Market

Return vs Industry: VST underperformed the US Renewable Energy industry which returned 18.4% over the past year.

Return vs Market: VST exceeded the US Market which returned 6.8% over the past year.


Shareholder returns

VSTIndustryMarket
7 Day-0.7%1.3%0.5%
30 Day-1.3%1.0%-0.8%
90 Day25.0%11.2%-0.9%
1 Year18.2%16.4%22.4%18.4%9.2%6.8%
3 Year102.2%70.9%65.8%41.9%45.6%36.2%
5 Yearn/a29.9%0.2%63.2%45.4%

Price Volatility Vs. Market

How volatile is Vistra Energy's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Vistra Energy undervalued compared to its fair value and its price relative to the market?

42.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: VST ($26.79) is trading below our estimate of fair value ($46.21)

Significantly Below Fair Value: VST is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: VST is good value based on its PE Ratio (19.1x) compared to the Renewable Energy industry average (19.1x).

PE vs Market: VST is poor value based on its PE Ratio (19.1x) compared to the US market (17.7x).


Price to Earnings Growth Ratio

PEG Ratio: VST's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: VST is overvalued based on its PB Ratio (1.6x) compared to the US Renewable Energy industry average (1.4x).


Next Steps

Future Growth

How is Vistra Energy forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

-15.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: VST's earnings are forecast to decline over the next 3 years (-15.7% per year).

Earnings vs Market: VST's earnings are forecast to decline over the next 3 years (-15.7% per year).

High Growth Earnings: VST's earnings are forecast to decline over the next 3 years.

Revenue vs Market: VST's revenue is expected to decline over the next 3 years (-1.9% per year).

High Growth Revenue: VST's revenue is forecast to decline over the next 3 years (-1.9% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: VST's Return on Equity is forecast to be low in 3 years time (10.7%).


Next Steps

Past Performance

How has Vistra Energy performed over the past 5 years?

56.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: VST's earnings have grown significantly by 56.5% per year over the past 5 years.

Accelerating Growth: VST has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: VST has become profitable in the last year, making it difficult to compare its past year earnings growth to the Renewable Energy industry (33.9%).


Return on Equity

High ROE: VST's Return on Equity (9.1%) is considered low.


Return on Assets

ROA vs Industry: VST has a higher Return on Assets than the Renewable Energy industry average last year.


Return on Capital Employed

ROCE Improving: VST has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Vistra Energy's financial position?


Financial Position Analysis

Short Term Liabilities: VST's short term assets ($4.5B) exceeds its short term liabilities ($3.7B)

Long Term Liabilities: VST's short term assets (4.5B) do not cover its long term liabilities (15.0B)


Debt to Equity History and Analysis

Debt Level: VST's debt to equity ratio (149.2%) is considered high

Reducing Debt: VST had negative shareholder equity 5 years ago, but is now positive and has therefore improved.

Debt Coverage: VST's debt is well covered by operating cash flow (20.2%).

Interest Coverage: VST's interest payments on its debt are not well covered by EBIT (2.1x coverage).


Balance Sheet

Inventory Level: VST has a high level of physical assets or inventory.

Debt Coverage by Assets: VST's debt is not covered by short term assets (assets are 0.4x debt).


Next Steps

Dividend

What is Vistra Energy's current dividend yield, its reliability and sustainability?

1.87%

Current Dividend Yield


Dividend Yield vs Market

company1.9%marketbottom25%1.4%markettop25%3.7%industryaverage3.2%forecastin3Years2.1%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: VST's dividend (1.87%) is higher than the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: VST's dividend (1.87%) is low compared to the top 25% of dividend payers in the US market (3.73%).

Stable Dividend: Too early to tell whether VST's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if VST's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (17.8%), VST's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: VST's dividends in 3 years are forecast to be well covered by earnings (29.9% payout ratio).


Next Steps

Management

What is the CEO of Vistra Energy's salary, the management and board of directors tenure and is there insider trading?

3.0yrs

Average management tenure


CEO

Curt Morgan (58yo)

3yrs

Tenure

US$13,399,688

Compensation

Mr. Curtis A. Morgan, also known as Curt, CPA, has been the President, Chief Executive Officer and Director of Vistra Energy Corp. since October 3, 2016. Mr. Morgan served as an Operating Partner with Ener ...


CEO Compensation Analysis

Compensation vs. Market: Curt's total compensation ($USD13.40M) is about average for companies of similar size in the US market ($USD11.18M).

Compensation vs Earnings: Curt's compensation has been consistent with company performance over the past year.


Management Age and Tenure

3.0yrs

Average Tenure

51yo

Average Age

Experienced Management: VST's management team is considered experienced (3 years average tenure).


Board Age and Tenure

2.2yrs

Average Tenure

59yo

Average Age

Experienced Board: VST's board of directors are not considered experienced ( 2.2 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

SellUS$45,125,00026 Jun 19
Brookfield Asset Management Inc.
EntityCompany
Shares1,900,000
Max PriceUS$23.75
BuyUS$99,79020 Jun 19
James Burke
EntityIndividual
Role
Chief Operating Officer
Executive VP & COO
Shares4,250
Max PriceUS$23.48
BuyUS$700,50017 Jun 19
David Campbell
EntityIndividual
Role
Chief Financial Officer
Executive VP & CFO
Shares30,000
Max PriceUS$23.35
BuyUS$97,71011 Jun 19
Bruce Zimmerman
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares4,000
Max PriceUS$24.43
BuyUS$141,48003 Jun 19
James Burke
EntityIndividual
Role
Chief Operating Officer
Executive VP & COO
Shares6,000
Max PriceUS$23.58
SellUS$114,12310 May 19
James Burke
EntityIndividual
Role
Chief Operating Officer
Executive VP & COO
Shares4,509
Max PriceUS$25.31
SellUS$3,97410 May 19
Elizabeth Dobry
EntityIndividual
Shares157
Max PriceUS$25.31
SellUS$42,26810 May 19
Sara Graziano
EntityIndividual
Shares1,670
Max PriceUS$25.31
SellUS$42,11610 May 19
J. Holden
EntityIndividual
Shares1,664
Max PriceUS$25.31
SellUS$44,90010 May 19
Scott Hudson
EntityIndividual
Role
Senior Key Executive
Senior VP of Vistra Corporate Services & President of Retail
Shares1,774
Max PriceUS$25.31
SellUS$26,95510 May 19
Carrie Kirby
EntityIndividual
Role
Chief Administrative Officer
Executive VP & Chief Administrative Officer
Shares1,065
Max PriceUS$25.31
SellUS$30,32110 May 19
Stephanie Moore
EntityIndividual
Role
Chief Legal Officer
Executive VP
Shares1,198
Max PriceUS$25.31
SellUS$271,70310 May 19
Curtis Morgan
EntityIndividual
Role
Chief Executive Officer
President
Shares10,735
Max PriceUS$25.31
SellUS$44,92510 May 19
Stephen Muscato
EntityIndividual
Role
Senior Key Executive
Chief Commercial Officer & Senior VP of Vistra Corporate Services
Shares1,775
Max PriceUS$25.31
SellUS$322,005,81904 Dec 18
Apollo Global Management, Inc.
EntityCompany
Shares14,000,253
Max PriceUS$23.00
SellUS$15,80413 Nov 18
Hilary Ackermann
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares652
Max PriceUS$24.24
SellUS$240,88310 Nov 18
James Burke
EntityIndividual
Role
Chief Operating Officer
Executive VP & COO
Shares9,788
Max PriceUS$24.61
SellUS$47,52209 Nov 18
Stephen Muscato
EntityIndividual
Role
Senior Key Executive
Chief Commercial Officer & Senior VP of Vistra Corporate Services
Shares1,931
Max PriceUS$24.61
SellUS$383,32509 Nov 18
Curtis Morgan
EntityIndividual
Role
Chief Executive Officer
President
Shares15,576
Max PriceUS$24.61
SellUS$57,04609 Nov 18
Stephanie Moore
EntityIndividual
Role
Chief Legal Officer
Executive VP
Shares2,318
Max PriceUS$24.61
SellUS$47,54709 Nov 18
Scott Hudson
EntityIndividual
Role
Senior Key Executive
Senior VP of Vistra Corporate Services & President of Retail
Shares1,932
Max PriceUS$24.61
SellUS$134,39509 Nov 18
J. Holden
EntityIndividual
Shares5,461
Max PriceUS$24.61
SellUS$15,01209 Nov 18
Elizabeth Dobry
EntityIndividual
Shares610
Max PriceUS$24.61
SellUS$79,46609 Nov 18
Sara Graziano
EntityIndividual
Shares3,229
Max PriceUS$24.61
SellUS$82,61508 Nov 18
Carrie Kirby
EntityIndividual
Role
Chief Administrative Officer
Executive VP & Chief Administrative Officer
Shares3,250
Max PriceUS$25.42
SellUS$76,04508 Nov 18
Carrie Kirby
EntityIndividual
Role
Chief Administrative Officer
Executive VP & Chief Administrative Officer
Shares3,090
Max PriceUS$24.61

Ownership Breakdown


Management Team

  • David Campbell (51yo)

    Executive VP & CFO

    • Tenure: 0.3yrs
  • Jim Burke (51yo)

    Executive VP & COO

    • Tenure: 3yrs
    • Compensation: US$5.94m
  • Carrie Kirby (51yo)

    Executive VP & Chief Administrative Officer

    • Tenure: 3yrs
    • Compensation: US$2.23m
  • Steve Muscato (48yo)

    Chief Commercial Officer & Senior VP of Vistra Corporate Services

    • Tenure: 3yrs
    • Compensation: US$2.85m
  • Scott Hudson (55yo)

    Senior VP of Vistra Corporate Services & President of Retail

    • Tenure: 3yrs
    • Compensation: US$2.82m
  • Stephanie Moore (46yo)

    Executive VP

    • Tenure: 3yrs
  • Molly Sorg

    Director of Investor Relations

    • Tenure: 0yrs
  • Curt Morgan (58yo)

    President

    • Tenure: 3yrs
    • Compensation: US$13.40m
  • Sano Blocker

    Senior Vice President of Government Affairs

    • Tenure: 0yrs
  • Ravi Malick

    Chief Information Officer & Senior VP of Technology Services

    • Tenure: 0yrs

Board Members

  • Paul Barbas (62yo)

    Independent Director

    • Tenure: 1.5yrs
    • Compensation: US$202.58k
  • Scott Helm (54yo)

    Independent Chairman of the Board

    • Tenure: 2yrs
    • Compensation: US$362.50k
  • Brian Ferraioli (64yo)

    Independent Director

    • Tenure: 2.4yrs
    • Compensation: US$243.75k
  • J.R. Sult (60yo)

    Independent Director

    • Tenure: 1.5yrs
    • Compensation: US$207.36k
  • Jeff Hunter (54yo)

    Independent Director

    • Tenure: 3yrs
    • Compensation: US$228.75k
  • Bruce Zimmerman (61yo)

    Independent Director

    • Tenure: 1.3yrs
    • Compensation: US$165.00k
  • Geoff Strong (44yo)

    Independent Director

    • Tenure: 3yrs
    • Compensation: US$178.75k
  • Gavin Baiera (43yo)

    Independent Director

    • Tenure: 3yrs
    • Compensation: US$236.25k
  • Hilary Ackermann (63yo)

    Independent Director

    • Tenure: 1.5yrs
    • Compensation: US$209.75k
  • Curt Morgan (58yo)

    President

    • Tenure: 3yrs
    • Compensation: US$13.40m

Company Information

Vistra Energy Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Vistra Energy Corp.
  • Ticker: VST
  • Exchange: NYSE
  • Founded: 1912
  • Industry: Independent Power Producers and Energy Traders
  • Sector: Utilities
  • Market Cap: US$13.172b
  • Shares outstanding: 491.68m
  • Website: https://www.vistraenergy.com

Number of Employees


Location

  • Vistra Energy Corp.
  • 6555 Sierra Drive
  • Irving
  • Texas
  • 75039
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
VSTNYSE (New York Stock Exchange)YesCommon StockUSUSDSep 2016
0V6DB (Deutsche Boerse AG)YesCommon StockDEEURSep 2016

Biography

Vistra Energy Corp., through its subsidiaries, engages in electricity business in the United States. It operates through Retail, ERCOT, PJM, NY/NE, and MISO segments. The company retails electricity and ot ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/21 00:31
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.