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Vistra Corp. (VST) Stock Analysis

Score D

Cyclical · Grade D · Bearish

Utilities · Utilities - Independent Power Producers

$135.79

Fair Value

$99.61

-26.6%

Conviction

3/10

Quality

D

Classification

Cyclical

Investment Thesis

Low quantitative score: Low quality, stretched valuation, or poor risk/reward.

For New Investors

Quantitative score: weak

For Current Holders

Quantitative score: low

Buy if

  • Price drops 15-20% (improves asymmetry)
  • Bull scenario catalysts materialize
  • Market-wide correction creates opportunity

Sell if

  • Bear scenario triggers occur
  • Quality metrics deteriorate (ROIC declining)
  • Better alternatives emerge

Valuation

Fair Value estimate: $99.61 (-26.6%). Overvalued vs fundamentals. (Methods diverge significantly. Conservative estimate shown.)

PEG-Based EPS

$203.68

FCF DCF Model

$11.64

EV/EBITDA

$63.41

Blended Fair Value

$99.61

Confidence

Low

Methods

PEG-Based EPS (conservative), FCF 2-Stage DCF, EV/EBITDA

Quality Analysis

D

47/120 points

Low Quality

ROE (3Y Avg)

31.4%

ROIC-WACC Spread

-5.2%

D/E Ratio

4.0x

Current Ratio

0.8x

Interest Coverage

1x

FCF Positive Years

3/3

Quality Flags

  • ROIC spread: -5.2pp (got 0/25 pts)
  • Leverage: D/E 4.0x (0/15 pts)
  • Interest coverage: 1.1x (1/10 pts)
  • Liquidity: Current Ratio 0.78 (6/10 pts)
  • Volatile gross margins: std dev 15.2pp (need <3.0pp)

Market Sentiment

Wall Street Consensus

$224.50

+65.3% Upside

17 analysts

Range: $203.00$293.00

Rating: Strong Buy

Our model is more cautious than Wall Street.

Trend & Technical

Bearish

Price ($135.79) is 22.2% below SMA 200 ($174.62). Bearish trend. Caution on entry.

Technical Score41/100

Tech Score 41/100 — Weak technicals. Bearish bias in trend or momentum.

Risk & Reward

Asymmetry Ratio

1.57:1

Expected Return

+5.3%

Bull Upside

+62.2%

Bear Downside

-39.6%

Moderate asymmetry: 1.57:1 ratio. Balanced risk/reward.

Verdict: Neutral

Scenario Analysis

Bear

Base

Bull

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Frequently Asked Questions

What is the fair value of VST?

Based on our multi-method conviction analysis, the estimated fair value of Vistra Corp. (VST) is $99.61. This is calculated by blending PEG-Based EPS (conservative), FCF 2-Stage DCF, EV/EBITDA and applying a quality premium of 0% based on the company's fundamentals. The confidence level of this estimate is low.

Is VST a buy, sell, or hold?

VST currently has a AVOID rating with a conviction score of 3/10. Low quantitative score: Low quality, stretched valuation, or poor risk/reward. Quantitative score: weak.

Is VST a high-quality stock?

Vistra Corp. has a quality grade of D (47/120 points), rated as Low Quality. Key metrics include ROE of 31.4%, ROIC-WACC spread of -5.2%, and D/E ratio of 4.0x.

What type of stock is VST?

VST is classified as a "cyclical" in our framework. Low dividend (reinvesting): 0.7%, Mature growth: 5.8%, High debt: D/E 4.0x, High revenue volatility: 24.5% std dev, High beta (cyclical behavior): 1.45

What do Wall Street analysts say about VST?

17 Wall Street analysts have a consensus price target of $224.50 for VST, representing +65.3% upside. Targets range from $203.00 to $293.00. The consensus recommendation is "Strong Buy". Our model is more cautious than Wall Street.

What are the risks of investing in VST?

The risk/reward asymmetry ratio for VST is 1.57:1, rated as Neutral. Moderate asymmetry: 1.57:1 ratio. Balanced risk/reward. The expected return is +5.3%, with bull case upside of +62.2% and bear case downside of -39.6%.

What is the current trend for VST?

VST is in a bearish trend. Price ($135.79) is 22.2% below SMA 200 ($174.62). Bearish trend. Caution on entry. The technical score is 41/100.

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Last updated: May 19, 2026 · Framework version 3.7

This analysis is for informational purposes only and should not be considered financial advice. Always do your own research before making investment decisions.