22.595 USD
+0.02 (+0.11%)
We assign a fundamental rating of 6 out of 10 to CBON. CBON was compared to 82 industry peers in the Automobile Components industry. While CBON belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. CBON is valued quite cheap, while showing a decent growth score. This is a good combination! CBON also has an excellent dividend rating. With these ratings, CBON could be worth investigating further for value and dividend investing!.
1. Profitability
1.1 Basic Checks
CBON had positive earnings in the past year.
CBON had a positive operating cash flow in the past year.
In the past 5 years CBON has always been profitable.
In the past 5 years CBON always reported a positive cash flow from operatings.
1.2 Ratios
CBON's Return On Assets of 4.39% is fine compared to the rest of the industry. CBON outperforms 75.61% of its industry peers.
CBON's Return On Equity of 8.81% is fine compared to the rest of the industry. CBON outperforms 76.83% of its industry peers.
The Return On Invested Capital of CBON (8.17%) is better than 74.39% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for CBON is in line with the industry average of 8.52%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.39% | ||
| ROE | 8.81% | ||
| ROIC | 8.17% |
ROA(3y)5.45%
ROA(5y)4.73%
ROE(3y)10.95%
ROE(5y)10.02%
ROIC(3y)9.25%
ROIC(5y)8.5%
1.3 Margins
The Profit Margin of CBON (5.84%) is better than 79.27% of its industry peers.
In the last couple of years the Profit Margin of CBON has remained more or less at the same level.
The Operating Margin of CBON (10.65%) is better than 80.49% of its industry peers.
In the last couple of years the Operating Margin of CBON has remained more or less at the same level.
CBON has a Gross Margin of 27.60%. This is in the better half of the industry: CBON outperforms 71.95% of its industry peers.
CBON's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 10.65% | ||
| PM (TTM) | 5.84% | ||
| GM | 27.6% |
OM growth 3Y-2.46%
OM growth 5Y-1.24%
PM growth 3Y-3.58%
PM growth 5Y-0.79%
GM growth 3Y-0.99%
GM growth 5Y-0.59%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), CBON is creating some value.
Compared to 1 year ago, CBON has less shares outstanding
The number of shares outstanding for CBON has been reduced compared to 5 years ago.
The debt/assets ratio for CBON is higher compared to a year ago.
2.2 Solvency
An Altman-Z score of 2.34 indicates that CBON is not a great score, but indicates only limited risk for bankruptcy at the moment.
CBON has a Altman-Z score (2.34) which is comparable to the rest of the industry.
CBON has a debt to FCF ratio of 6.05. This is a slightly negative value and a sign of low solvency as CBON would need 6.05 years to pay back of all of its debts.
CBON has a better Debt to FCF ratio (6.05) than 68.29% of its industry peers.
A Debt/Equity ratio of 0.32 indicates that CBON is not too dependend on debt financing.
With a decent Debt to Equity ratio value of 0.32, CBON is doing good in the industry, outperforming 67.07% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.32 | ||
| Debt/FCF | 6.05 | ||
| Altman-Z | 2.34 |
ROIC/WACC1.25
WACC6.53%
2.3 Liquidity
CBON has a Current Ratio of 1.80. This is a normal value and indicates that CBON is financially healthy and should not expect problems in meeting its short term obligations.
CBON has a Current ratio (1.80) which is in line with its industry peers.
A Quick Ratio of 1.12 indicates that CBON should not have too much problems paying its short term obligations.
CBON has a Quick ratio (1.12) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.8 | ||
| Quick Ratio | 1.12 |
3. Growth
3.1 Past
The earnings per share for CBON have decreased strongly by -18.28% in the last year.
The Earnings Per Share has been growing slightly by 1.64% on average over the past years.
The Revenue has decreased by -3.62% in the past year.
The Revenue has been growing slightly by 2.41% on average over the past years.
EPS 1Y (TTM)-18.28%
EPS 3Y0.78%
EPS 5Y1.64%
EPS Q2Q%-26.88%
Revenue 1Y (TTM)-3.62%
Revenue growth 3Y4.55%
Revenue growth 5Y2.41%
Sales Q2Q%-3.36%
3.2 Future
CBON is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 11.26% yearly.
CBON is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.85% yearly.
EPS Next Y0.74%
EPS Next 2Y8.86%
EPS Next 3Y11.26%
EPS Next 5YN/A
Revenue Next Year-4.87%
Revenue Next 2Y-1.29%
Revenue Next 3Y0.41%
Revenue Next 5Y2.85%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 8.90, the valuation of CBON can be described as very reasonable.
Based on the Price/Earnings ratio, CBON is valued cheaper than 84.15% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.15, CBON is valued rather cheaply.
With a Price/Forward Earnings ratio of 6.28, the valuation of CBON can be described as very cheap.
CBON's Price/Forward Earnings ratio is rather cheap when compared to the industry. CBON is cheaper than 84.15% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of CBON to the average of the S&P500 Index (36.12), we can say CBON is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.9 | ||
| Fwd PE | 6.28 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of CBON indicates a rather cheap valuation: CBON is cheaper than 86.59% of the companies listed in the same industry.
CBON's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. CBON is cheaper than 70.73% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.1 | ||
| EV/EBITDA | 3.59 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates CBON does not grow enough to justify the current Price/Earnings ratio.
The decent profitability rating of CBON may justify a higher PE ratio.
PEG (NY)12.03
PEG (5Y)5.41
EPS Next 2Y8.86%
EPS Next 3Y11.26%
5. Dividend
5.1 Amount
CBON has a Yearly Dividend Yield of 5.10%, which is a nice return.
CBON's Dividend Yield is a higher than the industry average which is at 4.49.
CBON's Dividend Yield is rather good when compared to the S&P500 average which is at 2.41.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.1% |
5.2 History
The dividend of CBON is nicely growing with an annual growth rate of 7.84%!
CBON has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)7.84%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
CBON pays out 62.40% of its income as dividend. This is not a sustainable payout ratio.
The dividend of CBON is growing, but earnings are growing more, so the dividend growth is sustainable.
DP62.4%
EPS Next 2Y8.86%
EPS Next 3Y11.26%
NYSEARCA:CBON (11/26/2025, 8:19:30 PM)
22.595
+0.02 (+0.11%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobile Components
Earnings (Last)
Earnings (Next)
Inst Owners46.28%
Inst Owner Change58.53%
Ins Owners0%
Ins Owner ChangeN/A
Market Cap15.95B
Revenue(TTM)26.74B
Net Income(TTM)1.56B
Analysts79.17
Price Target25.49 (12.81%)
Short Float %0%
Short Ratio0.75
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.1% |
Yearly Dividend1.56
Dividend Growth(5Y)7.84%
DP62.4%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-6.51%
PT rev (3m)-0.51%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-16.83%
EPS NY rev (3m)-17.93%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-2.93%
Revenue NY rev (3m)-3.29%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.9 | ||
| Fwd PE | 6.28 | ||
| P/S | 0.51 | ||
| P/FCF | 11.1 | ||
| P/OCF | 4.07 | ||
| P/B | 0.78 | ||
| P/tB | 1.05 | ||
| EV/EBITDA | 3.59 |
EPS(TTM)2.54
EY11.24%
EPS(NY)3.6
Fwd EY15.92%
FCF(TTM)2.04
FCFY9.01%
OCF(TTM)5.55
OCFY24.58%
SpS43.9
BVpS29.1
TBVpS21.42
PEG (NY)12.03
PEG (5Y)5.41
Graham Number40.78
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.39% | ||
| ROE | 8.81% | ||
| ROCE | 10.41% | ||
| ROIC | 8.17% | ||
| ROICexc | 9.37% | ||
| ROICexgc | 11.66% | ||
| OM | 10.65% | ||
| PM (TTM) | 5.84% | ||
| GM | 27.6% | ||
| FCFM | 4.64% |
ROA(3y)5.45%
ROA(5y)4.73%
ROE(3y)10.95%
ROE(5y)10.02%
ROIC(3y)9.25%
ROIC(5y)8.5%
ROICexc(3y)10.45%
ROICexc(5y)9.86%
ROICexgc(3y)12.91%
ROICexgc(5y)12.2%
ROCE(3y)11.87%
ROCE(5y)10.97%
ROICexgc growth 3Y-1.17%
ROICexgc growth 5Y0.57%
ROICexc growth 3Y-1.78%
ROICexc growth 5Y0.45%
OM growth 3Y-2.46%
OM growth 5Y-1.24%
PM growth 3Y-3.58%
PM growth 5Y-0.79%
GM growth 3Y-0.99%
GM growth 5Y-0.59%
F-Score5
Asset Turnover0.75
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.32 | ||
| Debt/FCF | 6.05 | ||
| Debt/EBITDA | 1.17 | ||
| Cap/Depr | 107.96% | ||
| Cap/Sales | 8.01% | ||
| Interest Coverage | 9.96 | ||
| Cash Conversion | 70% | ||
| Profit Quality | 79.44% | ||
| Current Ratio | 1.8 | ||
| Quick Ratio | 1.12 | ||
| Altman-Z | 2.34 |
F-Score5
WACC6.53%
ROIC/WACC1.25
Cap/Depr(3y)113.8%
Cap/Depr(5y)101.88%
Cap/Sales(3y)7.8%
Cap/Sales(5y)7.31%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-18.28%
EPS 3Y0.78%
EPS 5Y1.64%
EPS Q2Q%-26.88%
EPS Next Y0.74%
EPS Next 2Y8.86%
EPS Next 3Y11.26%
EPS Next 5YN/A
Revenue 1Y (TTM)-3.62%
Revenue growth 3Y4.55%
Revenue growth 5Y2.41%
Sales Q2Q%-3.36%
Revenue Next Year-4.87%
Revenue Next 2Y-1.29%
Revenue Next 3Y0.41%
Revenue Next 5Y2.85%
EBIT growth 1Y-17.5%
EBIT growth 3Y1.98%
EBIT growth 5Y1.14%
EBIT Next Year59.12%
EBIT Next 3Y22.78%
EBIT Next 5Y17.06%
FCF growth 1Y-20.46%
FCF growth 3Y21.5%
FCF growth 5Y7.22%
OCF growth 1Y-10.1%
OCF growth 3Y14.27%
OCF growth 5Y5.48%
VANECK CHINA BOND ETF / CBON FAQ
Can you describe the business of VANECK CHINA BOND ETF?
Compagnie Générale des Établissements Michelin SCA engages in the manufacture, distribution and sale of tires. The company is headquartered in Clermont-Ferrand, Auvergne-Rhone-Alpes and currently employs 127,500 full-time employees. The firm operates through three segments: Automotive, Road Transportation and Specialty Businesses. Automotive, which comprises the business lines Automotive business to customers (B2C) Global Brands, Automotive B2C Regional Brands, Automotive Original Equipment and Mobility Experiences. Road Transportation comprises the business lines Long Distance Transportation, Urban Transportation and Services & Solutions. Specialty Businesses comprises the business lines Mining, Off-Highway Transportation, Two-Wheel, Aircraft and High-Tech Materials. The company provides different kind of tires and related products and services through a dealership network. Its service offering includes truck driver assistance with Michelin Euro Assist, fleet tire advice, maintenance and management services and mobility assistance services, among others. Additionally, it provides branded lifestyle products and high-tech materials.
Can you provide the latest stock price for VANECK CHINA BOND ETF?
The current stock price of CBON is 22.595 USD. The price increased by 0.11% in the last trading session.
What is the ChartMill technical and fundamental rating of CBON stock?
CBON has a ChartMill Technical rating of 7 out of 10 and a ChartMill Fundamental rating of 6 out of 10.