Discounted Cash Flow

Voya Financial, Inc.

VOYA · Based on 10 years of SEC filings

DCF estimate unavailable — only_6_profitable_out_of_10

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2016 $9.4b $-428.0m $3.5b -4.6%
2017 $8.0b (-14.3%) $-3.0b (-599.1%) $1.6b (-55.2%) -37.2% (-715.8%) $-16.25
2018 $8.5b (5.8%) $875.0m (129.2%) $1.9b (18.4%) 10.3% (127.6%) $5.36 (133.0%)
2019 $1.4b (-83.3%) $-351.0m (-140.1%) $1.3b (-29.9%) -24.7% (-340.0%) $-2.69 (-150.2%)
2020 $1.4b (-5.1%) $-206.0m (41.3%) $1.2b (-7.7%) -15.2% (38.2%) $-1.90 (29.4%)
2021 $1.6b (18.0%) $2.1b (1132.0%) $72.0m (-94.0%) 133.4% (974.7%) $17.92 (1043.2%)
2022 $1.7b (6.1%) $510.0m (-76.0%) $483.0m (570.8%) 30.2% (-77.4%) $4.71 (-73.7%)
2023 $1.9b (14.7%) $625.0m (22.5%) $1.6b (239.1%) 32.2% (6.9%) $5.74 (21.9%)
2024 $2.1b (10.9%) $667.0m (6.7%) $1.3b (-17.9%) 31.0% (-3.8%) $6.31 (9.9%)
2025 $2.3b (4.9%) $654.0m (-1.9%) $1.3b (-4.2%) 29.0% (-6.5%) $6.40 (1.4%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

Values abbreviated: b = billions, m = millions, k = thousands.

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model

only_6_profitable_out_of_10

Once the company meets all DCF eligibility criteria (sufficient history, profitability, growth trends), an estimate will become available automatically. No action is needed.