Financials Vistra Corp.

Equities

VST

US92840M1027

Electric Utilities

Real-time Estimate Cboe BZX Other stock markets 03:05:59 2024-12-11 pm EST			5-day change	1st Jan Change
147.44 ^USD	+4.18%		-8.48%	+283.24%

05:34pm	Seaport Global Adjusts Price Target on Vistra to $200 From $155	MT
Nov. 26	Vistra Insider Sold Shares Worth $13,793,828, According to a Recent SEC Filing	MT

Projected Income Statement: Vistra Corp.

income-statement-evolution-chart VISTRA-CORP

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	11,809	11,443	12,077	13,728	14,779	17,458	19,629	20,577
Change	-	-3.1%	5.54%	13.67%	7.66%	18.13%	12.43%	4.83%
EBITDA ¹	3,325	3,685	1,908	2,994	4,101	5,026	5,847	6,480
Change	-	10.83%	-48.22%	56.92%	36.97%	22.54%	16.35%	10.82%
EBIT ¹	1,449	1,637	-1,515	-1,103	2,710	3,187	3,843	4,395
Change	-	12.97%	-	-27.19%	-	17.61%	20.58%	14.36%
Interest Paid ¹	-797	-630	-384	-368	-740	-867.8	-844.5	-896
Earnings before Tax (EBT) ¹	1,216	890	-1,722	-1,560	2,000	2,655	3,433	3,904
Change	-	-26.81%	-	-9.41%	-	32.76%	29.29%	13.72%
Net income ¹	928	636	-1,274	-1,377	1,343	1,760	2,305	2,761
Change	-	-31.47%	-	8.08%	-	31.03%	30.97%	19.79%
Announcement Date	2/28/20	2/26/21	2/25/22	3/1/23	2/28/24	-	-	-

¹USD in Million

Estimates

Fiscal Period: Diciembre	2019 Q4	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3
Net sales ¹	2,860	2,858	2,509	3,552	2,524	3,207	2,565	2,991	3,314	3,125	1,588	5,146	3,869	4,425	3,189	4,086	3,078	3,054	3,845	6,288	3,939	-	-	-	-	-	-	-
Change	-	-0.07%	-12.21%	41.57%	-28.94%	27.06%	-20.02%	16.61%	10.8%	-5.7%	-49.18%	224.06%	-24.82%	14.37%	-27.93%	28.13%	-24.67%	-0.78%	25.9%	63.54%	-37.36%	-100%	-	-	-	-	-	-
EBITDA ¹	771	850	929	1,185	799	-1,241	811	1,173	1,164	541	737	981	736	513	1,067	1,589	933	790	1,414	1,427	1,334	1,049	1,427	1,954	1,470	870	1,584	2,534
Change	-	10.25%	9.29%	27.56%	-32.57%	-	-	44.64%	-0.77%	-53.52%	36.23%	33.11%	-24.97%	-30.3%	107.99%	48.92%	-41.28%	-15.33%	78.99%	0.92%	-6.49%	-21.39%	36.03%	36.97%	-24.81%	-40.8%	82.07%	59.97%
EBIT ¹	289	361	377	676	263	-2,583	62	119	886	169	-1,683	894	-24	109	-	834	102	285	818	718	968.8	-	-	-	-	-	-	-
Change	-	24.91%	4.43%	79.31%	-61.09%	-	-	91.94%	644.54%	-80.93%	-	-	-	-	-100%	-	-87.77%	179.41%	187.02%	-12.22%	34.93%	-100%	-	-	-	-	-	-
Charge d'intérêts ¹	-	-300	-	-	-	-29	-	-	-	-7	-	-	-182	-193	-	-	-290	-170	-	-332	-214	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	254	62	232	641	-44	-2,525	-80	41	841	-	-1,764	914	-336	876	599	671	-146	-2	626	2,392	847.3	-	-	-	-	-	-	-
Change	-	-75.59%	274.19%	176.29%	-	5,638.64%	-96.83%	-	1,951.22%	-100%	-	-	-	-	-31.62%	12.02%	-	-98.63%	-	282.11%	-64.58%	-100%	-	-	-	-	-	-
Net income ¹	234	56	166	443	-29	-2,043	36	7	726	-	-1,365	668	-284	661	439	465	-222	-84	318	1,840	-594.5	-	-	-	-	-	-	-
Change	-	-76.07%	196.43%	166.87%	-	6,944.83%	-	-80.56%	10,271.43%	-100%	-	-	-	-	-33.59%	5.92%	-	-62.16%	-	478.62%	-	100%	-	-	-	-	-	-
Announcement Date	2/28/20	5/5/20	8/5/20	11/4/20	2/26/21	5/4/21	8/5/21	11/5/21	2/25/22	5/6/22	8/5/22	11/4/22	3/1/23	5/9/23	8/9/23	11/7/23	2/28/24	5/8/24	8/8/24	11/7/24	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Vistra Corp.

balance-sheet-analysis-chart VISTRA-CORP

Fiscal Period: Diciembre	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	10,429	9,224	9,406	12,591	10,917	14,752	14,693	13,945
Change	-	-11.55%	1.97%	33.86%	-13.3%	35.13%	-0.4%	-5.09%
Announcement Date	2/28/20	2/26/21	2/25/22	3/1/23	2/28/24	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Vistra Corp.

Fiscal Period: Diciembre	2019	2020	2021	2022	2023	2024	2025	2026
CAPEX ¹	520	770	1,033	1,301	1,676	1,924	1,994	1,953
Change	-	48.08%	34.16%	25.94%	28.82%	14.82%	3.64%	-2.09%
Free Cash Flow (FCF) ¹	2,216	2,567	-1,239	-816	3,777	2,574	3,445	3,910
Change	-	15.84%	-148.27%	-34.14%	-562.87%	-31.84%	33.83%	13.48%
Announcement Date	2/28/20	2/26/21	2/25/22	3/1/23	2/28/24	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Vistra Corp.

Fiscal Period: Diciembre	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	28.16%	32.2%	15.8%	21.81%	27.75%	28.79%	29.79%	31.49%
EBIT Margin (%)	12.27%	14.31%	-12.54%	-8.03%	18.34%	18.26%	19.58%	21.36%
EBT Margin (%)	10.3%	7.78%	-14.26%	-11.36%	13.53%	15.21%	17.49%	18.97%
Net margin (%)	7.86%	5.56%	-10.55%	-10.03%	9.09%	10.08%	11.74%	13.42%
FCF margin (%)	18.77%	22.43%	-10.26%	-5.94%	25.56%	14.75%	17.55%	19%
FCF / Net Income (%)	238.79%	403.62%	97.25%	59.26%	281.24%	146.3%	149.49%	141.61%
Profitability
ROA	3.53%	3.24%	-4.64%	-4.41%	4.08%	5.85%	8.2%	8.9%
ROE	11.73%	10.28%	-15.29%	-20.87%	26.31%	38.79%	41.81%	42.29%
Financial Health
Leverage (Debt/EBITDA)	3.14x	2.5x	4.93x	4.21x	2.66x	2.94x	2.51x	2.15x
Debt / Free cash flow	4.71x	3.59x	-7.59x	-15.43x	2.89x	5.73x	4.26x	3.57x
Capital Intensity
CAPEX / Current Assets (%)	4.4%	6.73%	8.55%	9.48%	11.34%	11.02%	10.16%	9.49%
CAPEX / EBITDA (%)	15.64%	20.9%	54.14%	43.45%	40.87%	38.29%	34.11%	30.13%
CAPEX / FCF (%)	23.47%	30%	-83.37%	-159.44%	44.37%	74.75%	57.89%	49.94%
Items per share
Cash flow per share ¹	5.473	6.795	-0.4272	1.148	14.53	10.56	15.6	17.18
Change	-	24.16%	-106.29%	-368.73%	1,166.03%	-27.38%	47.75%	10.16%
Dividend per Share ¹	0.5	0.54	0.6	0.72	0.821	0.8846	0.9486	1.01
Change	-	8%	11.11%	20%	14.03%	7.75%	7.23%	6.51%
Book Value Per Share ¹	16.32	17.11	17.68	12.58	15.1	9.621	13.83	17.64
Change	-	4.83%	3.32%	-28.84%	20.06%	-36.28%	43.73%	27.53%
EPS ¹	1.86	1.3	-2.69	-3.26	3.58	4.865	6.586	8.39
Change	-	-30.11%	-306.92%	21.19%	-209.82%	35.89%	35.37%	27.4%
Nbr of stocks (in thousands)	487,394	489,134	482,628	397,954	357,552	340,226	340,226	340,226
Announcement Date	2/28/20	2/26/21	2/25/22	3/1/23	2/28/24	-	-	-