VANECK CHINA BOND ETF (CBON) Stock Price, Forecast & Analysis
USA - NYSEARCA:CBON - US92189F3799 - ETF
22.45 USD
-0.01 (-0.02%)
Overall CBON gets a fundamental rating of 6 out of 10. We evaluated CBON against 82 industry peers in the Automobile Components industry. CBON has an excellent profitability rating, but 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! Finally CBON also has an excellent dividend rating. These ratings would make CBON suitable for value and dividend investing!
1. Profitability
1.1 Basic Checks
In the past year CBON was profitable.
CBON had a positive operating cash flow in the past year.
CBON had positive earnings in each of the past 5 years.
Each year in the past 5 years CBON had a positive operating cash flow.
1.2 Ratios
CBON has a better Return On Assets (4.39%) than 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.
CBON has a Return On Invested Capital of 8.17%. This is in the better half of the industry: CBON outperforms 73.17% 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
CBON has a Profit Margin of 5.84%. This is in the better half of the industry: CBON outperforms 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.
CBON's Operating Margin of 10.65% is amongst the best of the industry. CBON outperforms 80.49% of its industry peers.
CBON's Operating Margin has been stable in the last couple of years.
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.
In the last couple of years the Gross Margin of CBON has remained more or less at the same level.
| 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
Compared to 5 years ago, CBON has less shares outstanding
CBON has a worse debt/assets ratio than last year.
2.2 Solvency
CBON has an Altman-Z score of 2.34. This is not the best score and indicates that CBON is in the grey zone with still only limited risk for bankruptcy at the moment.
CBON's Altman-Z score of 2.34 is in line compared to the rest of the industry. CBON outperforms 42.68% of its industry peers.
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 67.07% of its industry peers.
A Debt/Equity ratio of 0.32 indicates that CBON is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.32, CBON is in the better half of 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/WACC1.24
WACC6.57%
2.3 Liquidity
A Current Ratio of 1.80 indicates that CBON should not have too much problems paying its short term obligations.
CBON has a Current ratio of 1.80. This is comparable to the rest of the industry: CBON outperforms 58.54% of its industry peers.
A Quick Ratio of 1.12 indicates that CBON should not have too much problems paying its short term obligations.
The Quick ratio of CBON (1.12) 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
CBON shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -18.28%.
The Earnings Per Share has been growing slightly by 1.64% on average over the past years.
CBON shows a decrease in Revenue. In the last year, the revenue decreased by -3.62%.
Measured over the past years, CBON shows a small growth in Revenue. The Revenue has been growing by 2.41% on average per year.
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
The Earnings Per Share is expected to grow by 15.63% on average over the next years. This is quite good.
CBON is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.47% yearly.
EPS Next Y21.13%
EPS Next 2Y18.35%
EPS Next 3Y15.63%
EPS Next 5YN/A
Revenue Next Year-2%
Revenue Next 2Y0.2%
Revenue Next 3Y1.31%
Revenue Next 5Y2.47%
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
A Price/Earnings ratio of 8.87 indicates a reasonable valuation of CBON.
CBON's Price/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/Earnings ratio of CBON to the average of the S&P500 Index (25.67), we can say CBON is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 5.30, the valuation of CBON can be described as very cheap.
Compared to the rest of the industry, the Price/Forward Earnings ratio of CBON indicates a rather cheap valuation: CBON is cheaper than 87.80% of the companies listed in the same industry.
CBON is valuated cheaply when we compare the Price/Forward Earnings ratio to 31.86, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.87 | ||
| Fwd PE | 5.3 |
4.2 Price Multiples
CBON's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. CBON is cheaper than 86.59% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, CBON is valued a bit cheaper than the industry average as 73.17% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.08 | ||
| EV/EBITDA | 3.58 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The decent profitability rating of CBON may justify a higher PE ratio.
A more expensive valuation may be justified as CBON's earnings are expected to grow with 15.63% in the coming years.
PEG (NY)0.42
PEG (5Y)5.4
EPS Next 2Y18.35%
EPS Next 3Y15.63%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.91%, CBON is a good candidate for dividend investing.
CBON's Dividend Yield is a higher than the industry average which is at 4.31.
Compared to an average S&P500 Dividend Yield of 2.40, CBON pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.91% |
5.2 History
On average, the dividend of CBON grows each year by 7.84%, which is quite nice.
CBON has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)7.84%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
62.40% of the earnings are spent on dividend by CBON. This is not a sustainable payout ratio.
CBON's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP62.4%
EPS Next 2Y18.35%
EPS Next 3Y15.63%
NYSEARCA:CBON (11/7/2025, 9:59:42 AM)
22.45
-0.01 (-0.02%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobile Components
Earnings (Last)
Earnings (Next)
Inst Owners46.28%
Inst Owner Change0%
Ins Owners0%
Ins Owner ChangeN/A
Market Cap15.84B
Revenue(TTM)26.74B
Net Income(TTM)1.56B
Analysts80
Price Target25.72 (14.57%)
Short Float %0%
Short Ratio0.32
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.91% |
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)-4.58%
PT rev (3m)-1.61%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-10.51%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.61%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.87 | ||
| Fwd PE | 5.3 | ||
| P/S | 0.51 | ||
| P/FCF | 11.08 | ||
| P/OCF | 4.06 | ||
| P/B | 0.78 | ||
| P/tB | 1.05 | ||
| EV/EBITDA | 3.58 |
EPS(TTM)2.53
EY11.27%
EPS(NY)4.23
Fwd EY18.85%
FCF(TTM)2.03
FCFY9.03%
OCF(TTM)5.53
OCFY24.63%
SpS43.7
BVpS28.96
TBVpS21.32
PEG (NY)0.42
PEG (5Y)5.4
Graham Number40.6
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
WACC6.57%
ROIC/WACC1.24
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 Y21.13%
EPS Next 2Y18.35%
EPS Next 3Y15.63%
EPS Next 5YN/A
Revenue 1Y (TTM)-3.62%
Revenue growth 3Y4.55%
Revenue growth 5Y2.41%
Sales Q2Q%-3.36%
Revenue Next Year-2%
Revenue Next 2Y0.2%
Revenue Next 3Y1.31%
Revenue Next 5Y2.47%
EBIT growth 1Y-17.5%
EBIT growth 3Y1.98%
EBIT growth 5Y1.14%
EBIT Next Year59.12%
EBIT Next 3Y22.78%
EBIT Next 5Y17.41%
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 22.45 USD. The price decreased by -0.02% in the last trading session.
What is the ChartMill technical and fundamental rating of CBON stock?
CBON has a ChartMill Technical rating of 6 out of 10 and a ChartMill Fundamental rating of 6 out of 10.