Voya Financial, Inc.

Voya Financial, Inc.

VOYAยทNYSE

$82.09

+1.1%
Financial ServicesFinancial - Conglomerates

Voya Financial, Inc. operates as a retirement, investment, and employee benefits company in the United States. The company's Wealth Solutions segment offers tax-deferred employer-sponsored retirement savings plans and administrative services; and individual retirement accounts, and other retail financial products and services, as well as financial planning and advisory services. This segment serves corporate, education, healthcare, and other non-profit and government entities, as well as institutional and individual customers. Its Investment Management segment provides fixed income, equity, multi-asset, and alternative products and solutions to individual investors and institutional clients through its direct sales force, consultant channel, banks, broker-dealers, and independent financial advisers. The company's Health Solutions segment offers stop loss, group life, voluntary employee-paid, and disability products through consultants, brokers, third-party administrators, enrollment firms, and technology partners to mid-sized and large businesses. The company was formerly known as ING U.S., Inc. and changed its name to Voya Financial, Inc. in April 2014. Voya Financial, Inc. was incorporated in 1999 and is based in New York, New York.

At a Glance

Live Snapshot
Market Cap$7.44B
EPS6.3900
P/E Ratio12.85
Earnings Date08/04/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal ยท Driver ยท Risk

Signal

High confidence

Valuation multiple is compressed (P/E 12.8).

Valuation inputs: P/E 12.8, earnings yield +7.8%, momentum +1.1%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is soft (ROE +13.2%, ROIC +0.1%).

Profitability stack: net margin +8.7%, ROE +13.2%, ROIC +0.1%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Risk profile is balanced but has notable pressure points to monitor.

Risk factors: liabilities/assets +96.1%, momentum +1.1%, net margin +8.7%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

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Voya Financial, Inc. Market vs Earnings Trajectory

VOYA ยท NYSE

Loading price and EPS data...

Voya Financial, Inc.

Voya Financial, Inc. Fair Value Envelope

VOYA ยท NYSE

Our analysis suggests that VOYA has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $82.09, this represents a potential HIDDEN relative to our calculated worth for Voya Financial, Inc..

Intrinsic Value
Current Price: $82.09
3Y+36.0%
5Y-615.0%
10Y-492.0%
3Y+26.0%
5Y-2.0%
10Y-
3Y+28.0%
5Y-417.0%
10Y-300.0%
3Y-5.0%
5Y-5.0%
10Y-65.0%
3Y-5.0%
5Y-5.0%
10Y-65.0%
3Y+22.0%
5Y-1.0%
10Y-17.0%
Voya Financial, Inc.

Voya Financial, Inc. Profit Bridge

VOYA ยท NYSE
Revenue7.50B
Cost of Goods Sold (3.61B)
Gross Profit3.89B
Operating Expenses (3.62B)
Operating Income261.00M
Interest Expense (117.00M)
Other Income/Expense576.00M
Pretax Income837.00M
Income Tax (104.00M)
Net Income654.00M
Net Income
654.00M

Profitability Analysis

Gross Margin

51.8%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

3.5%

Minimal operating profit suggests high operating costs or pricing challenges. Scalability is concerning.

Net Profit Margin

8.7%

Moderate profitability with room for improvement. Monitor interest expenses and tax efficiency.

Effective Tax Rate

12.4%

Below-average tax rate suggests effective tax planning, favorable jurisdictions, or tax credits.

Profitability Insight

Margin squeeze alert: Healthy gross margins but weak operating margins suggest excessive operating expenses. Cost optimization could unlock significant value.

51.84%
Gross Profit Margin
8%
3Y+4.0%
5Y+32.0%
10Y-48.0%
3.48%
Operating Profit Margin
-65%
3Y-52.0%
5Y-24.0%
10Y-391.0%
8.72%
Net Profit Margin
5%
3Y+1.0%
5Y-424.0%
10Y-334.0%
13.20%
Return on Equity
-21%
3Y-13.0%
5Y-748.0%
10Y-625.0%
0.37%
Return on Assets
-10%
3Y+5.0%
5Y-421.0%
10Y-340.0%
0.13%
Return on Invested Capital
-72%
3Y-56.0%
5Y-34.0%
10Y-137.0%
VOYA

Voya Financial, Inc. Cash Conversion Engine

VOYA ยท NYSE
Net Income654.00M
Depreciation & Amortization0.00
Stock-Based Compensation0.00
Change in Working Capital510.00M
Others124.00M
Capital Expenditures0.00
Free Cash Flow1.29B

Cash Flow Quality Analysis

FCF Conversion Rate

196.9%

Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.

FCF Growth Trend

+41.4%

Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.

Working Capital Impact

+$510.00M

Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.

Cash Flow Quality Insight

Exceptional cash generation: High-quality earnings converting to growing free cash flow. The company demonstrates strong pricing power, efficient operations, and disciplined capital allocation.

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Voya Financial, Inc. Funding & Solvency Profile

VOYA ยท NYSE
Cash & Cash Equivalents1.23B
Net Receivables10.71B
Inventory0.00
Other Current Assets0.00
Total Current Assets12 B
Property, Plant & Equipment0.00
Goodwill & Intangible Assets7.25B
Long-Term Investments0.00
Other Non-Current Assets159.67B
Total Non-Current Assets160 B
Total Assets
178.86B

Financial Health Analysis

Current Ratio

20.38x

Excellent liquidity position. The company can easily cover its short-term obligations with substantial cushion.

Debt-to-Equity Ratio

24.41x

High financial leverage. Heavy reliance on debt may indicate increased financial risk and potential solvency concerns.

Working Capital

11 B

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

7% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

Financial Health Insight

Mixed signals: Strong short-term liquidity provides comfort, but high overall leverage requires careful monitoring of debt servicing capabilities and refinancing risk.

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Voya Financial, Inc. Street Expectations Map

VOYA ยท NYSE

Wall Street analysts project that VOYA stock may rise significantly over the coming 12 months. The consensus 1-year price target stands at 90.67, with estimates ranging from a low of 88.00 to a high of 95.00.

Lowest Target
88.00
7.20%
Consensus Target
90.67
10.45%
Highest Target
95.00
15.73%

The consensus 1-year price target stands at 90.67, with estimates ranging from a low of 88.00 to a high of 95.00.

Analyst Consensus Analysis

Upside Potential

+10.4%

Moderate upside. Analysts expect positive returns but with limited margin of safety. Consider entry timing.

Analyst Agreement

7.7% spread

High analyst agreement. Narrow target range indicates strong consensus on valuation, suggesting clear investment thesis and predictable outlook.

Analyst Conviction

High

Positive outlook with reasonable agreement. Analysts generally optimistic about prospects with manageable uncertainty.

Market Sentiment Insight

Monitor and evaluate: Current analyst consensus suggests limited conviction or near-term catalysts. Stay informed on company developments and reassess positioning as new information emerges.

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Voya Financial, Inc. Insider Positioning

VOYA ยท NYSE

During the last 12 months, insiders have sold $3.63M worth of VOYA shares, with no buying activity reported.

3 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

3-6 Months

Bought

0

0.00

Sold

34.3K

2.54M

Net Activity

-2.5M

-$2.54M

6-9 Months

Bought

0

0.00

Sold

717

51.56K

Net Activity

-52K

-$52K

9-12 Months

Bought

0

0.00

Sold

13.8K

1.04M

Net Activity

-1.0M

-$1.04M

Top Buyers

No buying activity

Top Sellers

1
OT

Ogle Trevor

Officer: See Remarks

24.1K sharesโ€ข3 transactions

$1.78M

2
KMR

Katz Michael Robert

Officer: See Remarks

20.6K sharesโ€ข1 transactions

$1.54M

3
OTD

Oh Tony D

Officer: See Remarks

4.2K sharesโ€ข2 transactions

$311K

Insider Activity Analysis

Net Insider Sentiment

Bearish

Strong bearish signal with $3.63M net selling. Heavy insider selling may indicate concerns about valuation or near-term prospects.

Buy/Sell Ratio

0.00:1

Very poor ratio. Heavy selling with minimal buying suggests insiders may be concerned about valuation or outlook.

Insider Participation

High Selling

3 insider sellers vs. 0 buyers. Widespread selling across multiple insiders may signal concerns.

0.00%
Dividend Yield
-100%
3Y-100.0%
5Y-100.0%
10Y-100.0%
ย 

voya Dividend History

VOYA
10Y CAGR +47%
Latest $0.47
Annual $2.31
5 year growth trend
Last Period: +0%