VANECK GOLD MINERS ETF (GDX) Stock Price, Quote, News and Overview
NYSEARCA:GDX - NYSE Arca - US92189F1066 - ETF - Currency: USD
Overall GDX gets a fundamental rating of 5 out of 10. We evaluated GDX against 83 industry peers in the Automobile Components industry. GDX has only an average score on both its financial health and profitability. GDX is valued correctly, but it does not seem to be growing. Finally GDX also has an excellent dividend rating. With these ratings, GDX could be worth investigating further for dividend investing!.
1. Profitability
1.1 Basic Checks
GDX had positive earnings in the past year.
GDX had a positive operating cash flow in the past year.
GDX had positive earnings in each of the past 5 years.
GDX had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of GDX (5.28%) is better than 60.24% of its industry peers.
GDX has a Return On Equity (10.77%) which is comparable to the rest of the industry.
With a Return On Invested Capital value of 9.29%, GDX perfoms like the industry average, outperforming 59.04% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for GDX is in line with the industry average of 9.58%.
The 3 year average ROIC (9.16%) for GDX is below the current ROIC(9.29%), indicating increased profibility in the last year.
| 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
GDX has a better Profit Margin (6.93%) than 63.86% of its industry peers.
In the last couple of years the Profit Margin of GDX has declined.
Looking at the Operating Margin, with a value of 12.44%, GDX is in the better half of the industry, outperforming 66.27% of the companies in the same industry.
GDX's Operating Margin has been stable in the last couple of years.
GDX's Gross Margin of 29.25% is in line compared to the rest of the industry. GDX outperforms 57.83% of its industry peers.
In the last couple of years the Gross Margin of GDX has remained more or less at the same level.
| 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), GDX is creating some value.
The number of shares outstanding for GDX remains at a similar level compared to 1 year ago.
Compared to 5 years ago, GDX has less shares outstanding
GDX has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 2.83 indicates that GDX is not a great score, but indicates only limited risk for bankruptcy at the moment.
GDX has a better Altman-Z score (2.83) than 67.47% of its industry peers.
GDX has a debt to FCF ratio of 2.88. This is a good value and a sign of high solvency as GDX would need 2.88 years to pay back of all of its debts.
The Debt to FCF ratio of GDX (2.88) is better than 63.86% of its industry peers.
GDX has a Debt/Equity ratio of 0.40. This is a healthy value indicating a solid balance between debt and equity.
GDX has a Debt to Equity ratio of 0.40. This is comparable to the rest of the industry: GDX outperforms 50.60% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.4 | ||
| Debt/FCF | 2.88 | ||
| Altman-Z | 2.83 |
ROIC/WACC1.34
WACC6.94%
2.3 Liquidity
GDX has a Current Ratio of 1.82. This is a normal value and indicates that GDX is financially healthy and should not expect problems in meeting its short term obligations.
The Current ratio of GDX (1.82) is comparable to the rest of the industry.
GDX has a Quick Ratio of 1.11. This is a normal value and indicates that GDX is financially healthy and should not expect problems in meeting its short term obligations.
GDX's Quick ratio of 1.11 is in line compared to the rest of the industry. GDX outperforms 40.96% 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 GDX have decreased strongly by -19.52% in the last year.
Measured over the past 5 years, GDX 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.
GDX shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.17% yearly.
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, GDX 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
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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
Based on the Price/Earnings ratio of 14.57, the valuation of GDX can be described as correct.
GDX's Price/Earnings is on the same level as the industry average.
GDX is valuated cheaply when we compare the Price/Earnings ratio to 29.63, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 11.03, the valuation of GDX can be described as reasonable.
Compared to the rest of the industry, the Price/Forward Earnings ratio of GDX is on the same level as its industry peers.
When comparing the Price/Forward Earnings ratio of GDX to the average of the S&P500 Index (22.68), we can say GDX is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.57 | ||
| Fwd PE | 11.03 |
4.2 Price Multiples
GDX's Enterprise Value to EBITDA is on the same level as the industry average.
GDX's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.44 | ||
| EV/EBITDA | 5.96 |
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 GDX may justify a higher PE ratio.
GDX's earnings are expected to grow with 12.80% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.81
PEG (5Y)4.01
EPS Next 2Y13.1%
EPS Next 3Y12.8%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.04%, GDX is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 4.03, GDX pays a bit more dividend than its industry peers.
GDX's Dividend Yield is rather good when compared to the S&P500 average which is at 2.27.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.04% |
5.2 History
The dividend of GDX is nicely growing with an annual growth rate of 7.12%!
GDX has paid a dividend for at least 10 years, which is a reliable track record.
The dividend of GDX decreased recently.
Dividend Growth(5Y)7.12%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
50.00% of the earnings are spent on dividend by GDX. This is a bit on the high side, but may be sustainable.
The dividend of GDX is growing, but earnings are growing more, so the dividend growth is sustainable.
DP50%
EPS Next 2Y13.1%
EPS Next 3Y12.8%
40.8
-1.44 (-3.41%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobile Components
Earnings (Last)
Earnings (Next)
Inst Owners39.74%
Inst Owner Change-3.72%
Ins Owners0%
Ins Owner ChangeN/A
Market Cap28.79B
Analysts75.71
Price Target41.86 (2.6%)
Short Float %4.65%
Short Ratio1.83
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.04% |
Yearly Dividend1.25
Dividend Growth(5Y)7.12%
DP50%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
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)3.51%
PT rev (3m)-14.64%
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 | 14.57 | ||
| Fwd PE | 11.03 | ||
| P/S | 0.99 | ||
| P/FCF | 9.44 | ||
| P/OCF | 5.31 | ||
| P/B | 1.55 | ||
| P/tB | 2.11 | ||
| EV/EBITDA | 5.96 |
EPS(TTM)2.8
EY6.86%
EPS(NY)3.7
Fwd EY9.07%
FCF(TTM)4.32
FCFY10.6%
OCF(TTM)7.68
OCFY18.83%
SpS41.05
BVpS26.41
TBVpS19.32
PEG (NY)0.81
PEG (5Y)4.01
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 | 2.83 |
F-Score6
WACC6.94%
ROIC/WACC1.34
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%