Victory Capital Holdings, Inc.

  • Earnings Score
  • Moat Score
  • Safety Score
  • Final Score
  • Market Cap $4.37B
  • PE 16
  • Debt $982.66M
  • Cash $188.25M
  • EV $5.16B
  • FCF $343.35M

Earnings

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Sales & Net Margins

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Earnings$267.13M
EBIT$402.09M
ROE23%
ROA15%
FCF$343.35M
Equity$1.17B
Growth Stability83%
PE16.34
PEG1.43
PB3.72
P/FCF12.71
P/S5.04
Price/Cash0.04
Debt/Equity0.84
Debt/FCF2.86
Net Margins32%
Op. Margins46%
Earnings CAGR60%
Sales Growth YoY8%
Sales Growth QoQ3%
Sales CAGR14%
FCF CAGR24%
Equity CAGR24%
Earnings Stability0.45
Earnings Growth YoY58%
Earnings Growth QoQ10%
Earnings CAGR 5Y11%
Sales CAGR 5Y3%
FCF CAGR 5Y7%
Equity CAGR 5Y17%
Earnings CAGR 3Y-3%
Sales CAGR 3Y-3%
FCF CAGR 3Y-4%
Equity CAGR 3Y6%
Market Cap$4.37B
Revenue$866.90M
Dividend Yield2%
Payout Ratio35%
Assets$2.61B
Total Debt$982.66M
Cash$188.25M
Shares Outstanding64.61M
EV5.16B
Earnings Score72%
Moat Score96%
Safety Score89%
Final Score86%
Shares Growth 3y-3%
Equity Growth QoQ5%
Equity Growth YoY9%

Assets & ROA

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Stockholders Equity & ROE

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Victory Capital Holdings Inc is an independent investment management firm. The company operates its business through franchises and solutions platform. It provides centralized distribution, marketing, and operations infrastructure to the company's franchises and solutions platform. The company operates through one business segment that is Investment management services and products to institutional, intermediary, retirement platforms, and individual investors. The franchises and solutions platform manages a variety of investment strategies for its customers. It derives revenues from asset-based fees from investment management products and services to individuals and institutions.

SEC Filings

Direct access to Victory Capital Holdings, Inc. (VCTR) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

  • 2024
    • 10-Q Sep 30
    • 10-Q Jun 30
    • 10-Q Mar 31
  • 2023
    • 10-K Dec 31
    • 10-Q Sep 30
    • 10-Q Jun 30
    • 10-Q Mar 31
  • 2022
    • 10-K Dec 31
    • 10-Q Sep 30
    • 10-Q Jun 30
    • 10-Q Mar 31

Sector Comparison

How does Victory Capital Holdings, Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Victory Capital Holdings, Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 60%
Stability 45%
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Victory Capital Holdings, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Victory Capital Holdings, Inc..

= $18B
012345678910TV
fcf$343M$424M$524M$648M$800M$988M$1.2B$1.5B$1.9B$2.3B$2.8B$28B
DCF$386M$433M$487M$546M$614M$689M$774M$870M$977M$1.1B$11B
Value$18B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years12/201512/201612/201712/201812/201912/202012/202112/202212/2023TTM
Net Margins2%-2%6%15%15%27%31%32%26%32%
ROA-3%11%14%9%18%14%16%13%15%
ROE--2%11%14%17%30%30%26%20%23%

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years12/201512/201612/201712/201812/201912/202012/202112/202212/2023TTM
Debt over FCF-10.915.312.124.163.173.12.993.042.86
Debt over Equity-1.262.090.611.721.091.210.930.940.84
Growth Stability---100%100%100%100%100%83%83%

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years12/201512/201612/201712/201812/201912/202012/202112/202212/2023CAGR 5Y
Revenue YoY growth-24%38%1%48%27%15%-4%-4%3%
Earnings YoY growth--260%-525%147%45%130%31%-1%-23%11%
Equity YoY growth-33%-30%97%18%32%31%15%-1%17%
FCF YoY growth--1%137%45%69%9%50%-9%-1%7%