
Vistra Corp. (VST)
ValueMarkers Composite Index
898% above intrinsic value ($16)
Vistra Corp. (VST) — VMCI valuation read
Headline read on VST: VMCI of 43/100 versus a Utilities sector median of 50. The 7-point below-median position is what makes Vistra Corp. a relative-value laggard in the mid-cap cohort, before any pillar-level review.
Form 4 filings on VST: zero in the trailing 30 days. The absence of insider transactions is itself a data point, just a low-information one. The thesis runs on financials and price action until that changes.
**Investor frame.** Three reads on VST: value (VST trades at 25.0x earnings, 39% above the Utilities median of 18.0x), quality (ROIC of 15.0% sits 5.0pp above the Utilities median (10.0%)), and risk (net debt to EBITDA of -0.4x leaves covenant headroom). The value read also implies an EV/EBITDA gap of +4.0x against the Utilities 12.0x baseline.
VST fell 3.0% over the trailing 7 days, with a -15.2% read on a 30-day basis.
Vistra Corp., together with its subsidiaries, operates as an integrated retail electricity and power generation company. The company operates through six segments: Retail, Texas, East, West, Sunset, and Asset Closure. It retails electricity and natural gas to residential, commercial, and industrial customers across 20 states in the United States and the District of Columbia. The company is also involved in the electricity generation, wholesale energy purchases and sales, commodity risk management, fuel production, and fuel logistics management activities. It serves approximately 4.3 million customers with a generation capacity of approximately 38,700 megawatts with a portfolio of natural gas, nuclear, coal, solar, and battery energy storage facilities. The company was formerly known as Vistra Energy Corp. and changed its name to Vistra Corp. in July 2020. Vistra Corp. was founded in 1882 and is based in Irving, Texas.
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Key metrics explained
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