VANECK IG FLOATING RATE ETF (FLTR) Stock Price, Quote, News and Overview
NYSEARCA:FLTR - NYSE Arca - US92189F4862 - ETF - Currency: USD
Taking everything into account, FLTR scores 6 out of 10 in our fundamental rating. FLTR was compared to 83 industry peers in the Automobile Components industry. FLTR scores excellent on profitability, but there are some minor concerns on its financial health. FLTR is valued quite cheap, but it does not seem to be growing. Finally FLTR also has an excellent dividend rating. These ratings would make FLTR suitable for value and dividend investing!
1. Profitability
1.1 Basic Checks
FLTR had positive earnings in the past year.
In the past year FLTR had a positive cash flow from operations.
In the past 5 years FLTR has always been profitable.
FLTR had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a decent Return On Assets value of 5.28%, FLTR is doing good in the industry, outperforming 71.08% of the companies in the same industry.
Looking at the Return On Equity, with a value of 10.77%, FLTR is in the better half of the industry, outperforming 69.88% of the companies in the same industry.
The Return On Invested Capital of FLTR (9.29%) is better than 69.88% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for FLTR is in line with the industry average of 9.58%.
The last Return On Invested Capital (9.29%) for FLTR is above the 3 year average (9.16%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.28% | ||
| ROE | 10.77% | ||
| ROIC | 9.29% |
ROA(3y)5.54%
ROA(5y)4.82%
ROE(3y)11.67%
ROE(5y)10.63%
ROIC(3y)9.16%
ROIC(5y)8.51%
1.3 Margins
With a decent Profit Margin value of 6.93%, FLTR is doing good in the industry, outperforming 74.70% of the companies in the same industry.
FLTR's Profit Margin has declined in the last couple of years.
The Operating Margin of FLTR (12.44%) is better than 77.11% of its industry peers.
In the last couple of years the Operating Margin of FLTR has remained more or less at the same level.
The Gross Margin of FLTR (29.25%) is better than 68.67% of its industry peers.
FLTR's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 12.44% | ||
| PM (TTM) | 6.93% | ||
| GM | 29.25% |
OM growth 3Y10.53%
OM growth 5Y-0.4%
PM growth 3Y31.62%
PM growth 5Y-1.53%
GM growth 3Y0.15%
GM growth 5Y-1.05%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), FLTR is creating some value.
Compared to 1 year ago, FLTR has about the same amount of shares outstanding.
The number of shares outstanding for FLTR has been reduced compared to 5 years ago.
The debt/assets ratio for FLTR has been reduced compared to a year ago.
2.2 Solvency
FLTR has an Altman-Z score of 2.46. This is not the best score and indicates that FLTR is in the grey zone with still only limited risk for bankruptcy at the moment.
FLTR has a Altman-Z score of 2.46. This is comparable to the rest of the industry: FLTR outperforms 53.01% of its industry peers.
FLTR has a debt to FCF ratio of 2.88. This is a good value and a sign of high solvency as FLTR would need 2.88 years to pay back of all of its debts.
FLTR's Debt to FCF ratio of 2.88 is fine compared to the rest of the industry. FLTR outperforms 74.70% of its industry peers.
FLTR has a Debt/Equity ratio of 0.40. This is a healthy value indicating a solid balance between debt and equity.
FLTR has a Debt to Equity ratio of 0.40. This is in the better half of the industry: FLTR outperforms 61.45% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.4 | ||
| Debt/FCF | 2.88 | ||
| Altman-Z | 2.46 |
ROIC/WACC1.4
WACC6.65%
2.3 Liquidity
FLTR has a Current Ratio of 1.82. This is a normal value and indicates that FLTR is financially healthy and should not expect problems in meeting its short term obligations.
FLTR has a Current ratio (1.82) which is in line with its industry peers.
A Quick Ratio of 1.11 indicates that FLTR should not have too much problems paying its short term obligations.
FLTR has a Quick ratio of 1.11. This is comparable to the rest of the industry: FLTR outperforms 51.81% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.82 | ||
| Quick Ratio | 1.11 |
3. Growth
3.1 Past
The earnings per share for FLTR have decreased strongly by -19.52% in the last year.
Measured over the past 5 years, FLTR shows a small growth in Earnings Per Share. The EPS has been growing by 3.63% on average per year.
The Revenue has decreased by -5.57% in the past year.
The Revenue has been growing slightly by 5.17% on average over the past years.
EPS 1Y (TTM)-19.52%
EPS 3Y46.69%
EPS 5Y3.63%
EPS Q2Q%-5.33%
Revenue 1Y (TTM)-5.57%
Revenue growth 3Y11.46%
Revenue growth 5Y5.17%
Sales Q2Q%-4.25%
3.2 Future
Based on estimates for the next years, FLTR will show a quite strong growth in Earnings Per Share. The EPS will grow by 11.57% on average per year.
The Revenue is expected to grow by 2.41% on average over the next years.
EPS Next Y18.07%
EPS Next 2Y13.1%
EPS Next 3Y12.8%
EPS Next 5Y11.57%
Revenue Next Year-4.7%
Revenue Next 2Y-0.7%
Revenue Next 3Y0.65%
Revenue Next 5Y2.41%
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 decreasing.
4. Valuation
4.1 Price/Earnings Ratio
FLTR is valuated reasonably with a Price/Earnings ratio of 9.13.
Compared to the rest of the industry, the Price/Earnings ratio of FLTR indicates a somewhat cheap valuation: FLTR is cheaper than 74.70% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 29.63, FLTR is valued rather cheaply.
With a Price/Forward Earnings ratio of 6.91, the valuation of FLTR can be described as very cheap.
Compared to the rest of the industry, the Price/Forward Earnings ratio of FLTR indicates a somewhat cheap valuation: FLTR is cheaper than 77.11% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.68, FLTR is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.13 | ||
| Fwd PE | 6.91 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, FLTR is valued a bit cheaper than the industry average as 77.11% of the companies are valued more expensively.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of FLTR indicates a somewhat cheap valuation: FLTR is cheaper than 78.31% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.91 | ||
| EV/EBITDA | 3.87 |
4.3 Compensation for Growth
FLTR's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
FLTR has a very decent profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as FLTR's earnings are expected to grow with 12.80% in the coming years.
PEG (NY)0.51
PEG (5Y)2.51
EPS Next 2Y13.1%
EPS Next 3Y12.8%
5. Dividend
5.1 Amount
FLTR has a Yearly Dividend Yield of 4.04%, which is a nice return.
FLTR's Dividend Yield is comparable with the industry average which is at 4.03.
Compared to an average S&P500 Dividend Yield of 2.27, FLTR pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.04% |
5.2 History
On average, the dividend of FLTR grows each year by 7.12%, which is quite nice.
FLTR has paid a dividend for at least 10 years, which is a reliable track record.
The dividend of FLTR decreased in the last 3 years.
Dividend Growth(5Y)7.12%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
50.00% of the earnings are spent on dividend by FLTR. This is a bit on the high side, but may be sustainable.
FLTR's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP50%
EPS Next 2Y13.1%
EPS Next 3Y12.8%
25.56
+0.01 (+0.04%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobile Components
Earnings (Last)
Earnings (Next)
Inst Owners39.74%
Inst Owner Change48.76%
Ins Owners0%
Ins Owner ChangeN/A
Market Cap18.04B
Analysts75.71
Price Target28.6 (11.89%)
Short Float %0.19%
Short Ratio1.3
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.04% |
Yearly Dividend1.25
Dividend Growth(5Y)7.12%
DP50%
Div Incr Years2
Div Non Decr Years2
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)-3.71%
PT rev (3m)-1.03%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-2.68%
EPS NY rev (3m)-2.68%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.02%
Revenue NY rev (3m)0.06%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.13 | ||
| Fwd PE | 6.91 | ||
| P/S | 0.62 | ||
| P/FCF | 5.91 | ||
| P/OCF | 3.33 | ||
| P/B | 0.97 | ||
| P/tB | 1.32 | ||
| EV/EBITDA | 3.87 |
EPS(TTM)2.8
EY10.95%
EPS(NY)3.7
Fwd EY14.48%
FCF(TTM)4.32
FCFY16.92%
OCF(TTM)7.68
OCFY30.05%
SpS41.05
BVpS26.41
TBVpS19.32
PEG (NY)0.51
PEG (5Y)2.51
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.28% | ||
| ROE | 10.77% | ||
| ROCE | 12.25% | ||
| ROIC | 9.29% | ||
| ROICexc | 10.6% | ||
| ROICexgc | 13.08% | ||
| OM | 12.44% | ||
| PM (TTM) | 6.93% | ||
| GM | 29.25% | ||
| FCFM | 10.53% |
ROA(3y)5.54%
ROA(5y)4.82%
ROE(3y)11.67%
ROE(5y)10.63%
ROIC(3y)9.16%
ROIC(5y)8.51%
ROICexc(3y)10.41%
ROICexc(5y)9.64%
ROICexgc(3y)12.74%
ROICexgc(5y)11.9%
ROCE(3y)12.06%
ROCE(5y)11.19%
ROICexcg growth 3Y13.26%
ROICexcg growth 5Y0.75%
ROICexc growth 3Y14.02%
ROICexc growth 5Y1.17%
OM growth 3Y10.53%
OM growth 5Y-0.4%
PM growth 3Y31.62%
PM growth 5Y-1.53%
GM growth 3Y0.15%
GM growth 5Y-1.05%
F-Score6
Asset Turnover0.76
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.4 | ||
| Debt/FCF | 2.88 | ||
| Debt/EBITDA | 1.31 | ||
| Cap/Depr | 116.24% | ||
| Cap/Sales | 8.18% | ||
| Interest Coverage | 10.15 | ||
| Cash Conversion | 96.06% | ||
| Profit Quality | 152.03% | ||
| Current Ratio | 1.82 | ||
| Quick Ratio | 1.11 | ||
| Altman-Z | 2.46 |
F-Score6
WACC6.65%
ROIC/WACC1.4
Cap/Depr(3y)109.9%
Cap/Depr(5y)100.41%
Cap/Sales(3y)7.51%
Cap/Sales(5y)7.19%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-19.52%
EPS 3Y46.69%
EPS 5Y3.63%
EPS Q2Q%-5.33%
EPS Next Y18.07%
EPS Next 2Y13.1%
EPS Next 3Y12.8%
EPS Next 5Y11.57%
Revenue 1Y (TTM)-5.57%
Revenue growth 3Y11.46%
Revenue growth 5Y5.17%
Sales Q2Q%-4.25%
Revenue Next Year-4.7%
Revenue Next 2Y-0.7%
Revenue Next 3Y0.65%
Revenue Next 5Y2.41%
EBIT growth 1Y2.68%
EBIT growth 3Y23.2%
EBIT growth 5Y4.75%
EBIT Next Year61.62%
EBIT Next 3Y21.75%
EBIT Next 5Y16.53%
FCF growth 1Y7589.47%
FCF growth 3Y12.46%
FCF growth 5Y21.28%
OCF growth 1Y171.92%
OCF growth 3Y16.24%
OCF growth 5Y13.31%