Voya Financial operates as a retirement, investment, and insurance company in the United States. The company has five segments: Retirement, Annuities, Investment Management, Individual Life, and Employee Benefits. The company was incorporated in 1999 and is based in New York, New York.
VOYA Price Forecast Based on DCF Valuation
DCF Fair Value Target:
We started the process of determining a valid price forecast for Voya Financial Inc with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Voya Financial Inc ranked in the 21th percentile in terms of potential gain offered. We should note, though, that all scenearios modelled for this stock suggest it is overvalued. In terms of the factors that were most noteworthy in this DCF analysis for VOYA, they are:
Its compound free cash flow growth rate, as measured over the past 5.44 years, is -0.18% -- higher than only 8.83% of stocks in our DCF forecasting set.
Voya Financial Inc's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at -4.33. This coverage rate is greater than that of only 12.76% of stocks we're observing for the purpose of forecasting via discounted cash flows.
As a business, Voya Financial Inc experienced a tax rate of about 24% over the past twelve months; relative to its sector (Financial Services), this tax rate is higher than 87.71% of stocks generating free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
SCU, V, WETF, FDS, and ICCH can be thought of as valuation peers to VOYA, in the sense that they are in the Financial Services sector and have a similar price forecast based on DCF valuation.
NEW YORK--(BUSINESS WIRE)--Voya Investment Management, the asset management business of Voya Financial, Inc. (NYSE: VOYA), announced today that it has expanded its Securitized Credit team with the hire of Alexander Rodriguez as senior vice president. Rodriguez is based in Atlanta and reports to John Edwards, senior portfolio manager. In this new position, Rodriguez will focus on Commercial Mortgage Backed Securities (CMBS). Specifically, he will invest in commercial mortgage backed securities (
MINNEAPOLIS--(BUSINESS WIRE)--Voya Financial, Inc. (NYSE: VOYA), announced new findings today from a consumer survey that shows the majority of working Americans will be looking to their workplace benefits for health and wealth support due to COVID-19, especially as they prepare for open enrollment in the midst of a global pandemic. While most working individuals (84%) believe that their core benefits (e.g. medical, vision and dental) are sufficient in helping cover unplanned medical expenses,
NEW YORK--(BUSINESS WIRE)--Voya Financial, Inc. (NYSE: VOYA) today announced that Rodney O. Martin, Jr., chairman and chief executive officer, and Michael Smith, chief financial officer, are scheduled to participate in the Virtual KBW Insurance Conference on Wednesday, Sept. 9, 2020 at approximately 3:50 p.m. ET. The replay of the presentation will be available at the following link on the Voya investor relations website: https://wsw.com/webcast/kbw62/voya/1693812. Those interested in listening
MINNEAPOLIS--(BUSINESS WIRE)--Voya Financial, Inc. (NYSE: VOYA), announced today its latest expansion of workplace solutions and services that it will offer to its Retirement and Employee Benefits clients to help both employers and their employees with their financial wellness needs — particularly during a time when employees are increasingly looking for health and wealth support through the workplace. Effective Jan. 1, 2021, Voya is adding the following offerings to its suite of Health Savings
WINDSOR, Conn.--(BUSINESS WIRE)--Voya Financial, Inc. (NYSE: VOYA), announced new findings today from a consumer survey revealing that, as a result of the COVID-19 pandemic, more than half (54%) of employed Americans are now planning to work in retirement — with many (40%) noting an interest to have a “safety net” to cover unexpected costs and prepare for market volatility as their reasons. Voya’s data also showed that, despite a world of financial uncertainty, saving for retirement still remai