Voya Financial (VOYA) AI Stock Analysis

• Market Cap: $7.43B
• Dividend Yield: 2.33%
• Average Volume (3M): 859.52K
• Price to Earnings (P/E): 15.4
• Beta (1Y): 0.97
• Revenue Growth: 2.46%
• EPS Growth: -34.43%
• Country: US
• Employees: 10,000
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Conglomerates
• EPS (TTM): 2.46
• Shares Outstanding: 96,417,786
• 10 Day Avg. Volume: 931,339
• 30 Day Avg. Volume: 859,518
• PEG Ratio: 1.03
• Price to Book (P/B): 1.70
• Price to Sales (P/S): 0.85
• P/FCF Ratio: 7.49
• Enterprise Value/Market Cap: 1.80
• Enterprise Value/Revenue: 1.72
• Enterprise Value/Gross Profit: 2.28
• Enterprise Value/Ebitda: 19.34
• 1Y Price Target: $85.78
• Price Target Upside: 13.71% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 10

• Rating: 72 Outperform
• Price Target: $86.00 ▲(14.00% Upside)

Voya Financial's strong technical indicators and positive earnings call sentiment are the most significant factors driving the score. While financial performance shows growth and efficiency, concerns about cash flow variability and challenges in certain business segments slightly temper the overall outlook.

Positive Factors

Asset Growth

Surpassing $1 trillion in total assets indicates strong market trust and enhances Voya's competitive position, supporting long-term growth.

Strategic Partnerships

Partnerships with Blue Owl Capital and Edward Jones expand Voya's distribution capabilities, potentially increasing market reach and revenue.

Revenue Growth

Consistent revenue growth demonstrates Voya's ability to expand its market presence and improve its financial health over the long term.

Negative Factors

Cash Flow Variability

Uncertain cash flow generation can hinder Voya's ability to fund operations and growth, impacting financial stability and strategic flexibility.

Investment Losses

Investment losses reduce profitability and may indicate risk management challenges, affecting Voya's financial performance and investor confidence.

Stop-Loss Business Challenges

Challenges in the stop-loss business could lead to financial volatility and impact Voya's ability to maintain profitability in this segment.

Voya Financial Business Overview & Revenue Model

Company Description

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.

How the Company Makes Money

Voya Financial generates revenue through various key streams. Primarily, it earns income from fees associated with its retirement plans and investment management services, including asset management fees and advisory fees. Additionally, the company generates revenue from insurance premiums in its Individual Life segment and from employee benefits products. Voya also benefits from investment income on its general account assets and from commissions on sales of its insurance and investment products. Strategic partnerships with employers and financial advisors enhance its distribution channels, contributing to its earnings. Overall, Voya's diversified portfolio and focus on the health and wealth sectors position it well for sustained revenue generation.

Voya Financial Financial Statement Overview

Summary

Voya Financial demonstrates strong revenue growth and improved operational efficiency. The balance sheet reflects a reduction in leverage and solid equity positioning, but cash flow metrics highlight potential concerns due to data unavailability and previous variability.

Income Statement

Voya Financial shows strong improvements in revenue, with a notable revenue growth rate of 9.53% from 2023 to 2024. The gross profit margin remains high at 100%, indicating efficient cost management. However, the net profit margin has seen a slight improvement to 9.21% in 2024 from 8.51% in 2023, suggesting room for enhancing profitability further. EBIT margin significantly improved to 61.70% in 2024, indicating better operational efficiency.

Balance Sheet

The company's debt-to-equity ratio has improved to 0.61, reflecting a reduction in leverage risk. The return on equity (ROE) stands at 18.53% for 2024, showing strong returns on shareholder investments despite a decline from previous years. The equity ratio is at 60.72%, indicating a solid equity base relative to total assets.

Cash Flow

The cash flow situation shows challenges, with free cash flow data unavailable for 2024. The operating cash flow to net income ratio in previous years indicated variability, and without current data, assessing cash flow health remains difficult. The company needs to ensure stable cash flow generation to support operations and growth.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	7.77B	8.05B	7.35B	5.90B	3.63B	7.65B
Gross Profit	5.87B	8.05B	7.35B	5.90B	3.63B	7.39B
EBITDA	693.00M	1.10B	991.00M	629.00M	3.02B	584.00M
Net Income	533.00M	667.00M	625.00M	510.00M	2.37B	-206.00M
Balance Sheet
Total Assets	172.44B	163.89B	157.09B	146.61B	171.26B	180.31B
Cash, Cash Equivalents and Short-Term Investments	1.18B	25.70B	937.00M	2.52B	2.94B	45.40B
Total Debt	2.10B	3.60B	3.43B	3.47B	3.48B	3.83B
Total Liabilities	165.88B	157.88B	151.03B	141.53B	161.44B	169.00B
Stockholders Equity	4.63B	4.00B	4.19B	3.35B	8.25B	10.11B
Cash Flow
Free Cash Flow	1.36B	911.00M	1.14B	483.00M	22.00M	1.36B
Operating Cash Flow	1.36B	911.00M	1.14B	483.00M	22.00M	1.36B
Investing Cash Flow	-788.00M	-141.00M	-818.00M	724.00M	-327.00M	-2.46B
Financing Cash Flow	-432.00M	-759.00M	-320.00M	-1.20B	-265.00M	1.70B

Voya Financial Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 75.44
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For VOYA, the sentiment is Positive. The current price of 75.44 is below the 20-day moving average (MA) of 75.66, above the 50-day MA of 73.06, and above the 200-day MA of 68.74, indicating a neutral trend. The MACD of 1.06 indicates Positive momentum. The RSI at 52.88 is Neutral, neither overbought nor oversold. The STOCH value of 62.70 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for VOYA.

Voya Financial Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
OMF	76 Outperform	7.30B	11.11	19.93%	6.77%	9.41%	13.98%
SNV	74 Outperform	7.03B	9.73	13.97%	3.04%	11.52%	220.78%
MAIN	74 Outperform	5.83B	10.74	0.00%	5.98%	28.32%	13.63%
PNFP	73 Outperform	7.40B	12.64	8.99%	0.99%	10.19%	48.39%
VOYA	72 Outperform	$7.43B	15.43	12.29%	2.33%	2.46%	-34.43%
UPST	51 Neutral	6.44B	-877.85	-0.88%	―	60.62%	96.91%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%

Voya Financial Corporate Events

Voya Financial Reports Q2 2025 Financial Results

On August 5, 2025, Voya Financial announced its second-quarter 2025 financial results, reporting a net income of $162 million and after-tax adjusted operating earnings of $240 million. The company achieved a milestone by surpassing $1 trillion in total assets across its Retirement and Investment Management segments. Despite a decrease in net income compared to the previous year due to investment losses and severance expenses, Voya Financial experienced growth in adjusted operating earnings, driven by strong performance in its Retirement and Employee Benefits segments. The company remains focused on improving margins, integrating OneAmerica, and driving organic growth to deliver long-term value for shareholders.

Voya Financial Reports $360 Billion in Assets

Voya Financial disclosed that its Investment Management segment had approximately $360 billion in assets under management as of June 30, 2025. This preliminary figure includes various asset types and reflects the company’s robust market presence, indicating significant holdings in equity, fixed income, and alternative assets, which may impact its operational strategies and stakeholder interests.

Voya Financial Reveals Q2 2025 Investment Income Estimate

Voya Financial has disclosed its alternative investment income for the second quarter of 2025, estimating it to be between $45 million and $55 million pre-tax, which is slightly above or below its long-term expectations. The company cautions that these preliminary results, which include investment income from its general account and investment capital returns, are subject to change as they have not yet completed their financial closing procedures, nor have they been audited by Ernst & Young LLP.