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VANECK GREEN BOND ETF (GRNB) Stock Overview

USA - NYSEARCA:GRNB - US92189F1710 - ETF

24.525 USD
+0.01 (+0.06%)
Last: 10/20/2025, 8:04:01 PM
Fundamental Rating

6

Overall GRNB gets a fundamental rating of 6 out of 10. We evaluated GRNB against 83 industry peers in the Automobile Components industry. Both the profitability and the financial health of GRNB get a neutral evaluation. Nothing too spectacular is happening here. GRNB is valued quite cheap, while showing a decent growth score. This is a good combination! GRNB also has an excellent dividend rating. These ratings would make GRNB suitable for value and dividend investing!


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

GRNB had positive earnings in the past year.
GRNB had a positive operating cash flow in the past year.
Each year in the past 5 years GRNB has been profitable.
Each year in the past 5 years GRNB had a positive operating cash flow.
GRNB Yearly Net Income VS EBIT VS OCF VS FCFGRNB Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B 3B 4B 5B

1.2 Ratios

GRNB's Return On Assets of 4.39% is fine compared to the rest of the industry. GRNB outperforms 72.29% of its industry peers.
With a decent Return On Equity value of 8.81%, GRNB is doing good in the industry, outperforming 71.08% of the companies in the same industry.
GRNB has a Return On Invested Capital of 8.17%. This is in the better half of the industry: GRNB outperforms 69.88% of its industry peers.
GRNB had an Average Return On Invested Capital over the past 3 years of 9.25%. This is in line with the industry average of 8.51%.
Industry RankSector 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%
GRNB Yearly ROA, ROE, ROICGRNB Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15

1.3 Margins

GRNB's Profit Margin of 5.84% is fine compared to the rest of the industry. GRNB outperforms 75.90% of its industry peers.
GRNB's Profit Margin has been stable in the last couple of years.
GRNB's Operating Margin of 10.65% is fine compared to the rest of the industry. GRNB outperforms 77.11% of its industry peers.
In the last couple of years the Operating Margin of GRNB has remained more or less at the same level.
GRNB has a Gross Margin of 27.60%. This is in the better half of the industry: GRNB outperforms 68.67% of its industry peers.
GRNB's Gross Margin has been stable in the last couple of years.
Industry RankSector 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%
GRNB Yearly Profit, Operating, Gross MarginsGRNB Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30

5

2. Health

2.1 Basic Checks

GRNB has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
GRNB has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, GRNB has less shares outstanding
The debt/assets ratio for GRNB is higher compared to a year ago.
GRNB Yearly Shares OutstandingGRNB Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M
GRNB Yearly Total Debt VS Total AssetsGRNB Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10B 20B 30B

2.2 Solvency

GRNB has an Altman-Z score of 2.37. This is not the best score and indicates that GRNB is in the grey zone with still only limited risk for bankruptcy at the moment.
GRNB has a Altman-Z score of 2.37. This is comparable to the rest of the industry: GRNB outperforms 45.78% of its industry peers.
GRNB has a debt to FCF ratio of 6.05. This is a slightly negative value and a sign of low solvency as GRNB would need 6.05 years to pay back of all of its debts.
GRNB has a better Debt to FCF ratio (6.05) than 62.65% of its industry peers.
A Debt/Equity ratio of 0.32 indicates that GRNB is not too dependend on debt financing.
GRNB has a better Debt to Equity ratio (0.32) than 63.86% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.32
Debt/FCF 6.05
Altman-Z 2.37
ROIC/WACC1.22
WACC6.67%
GRNB Yearly LT Debt VS Equity VS FCFGRNB Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5B 10B 15B

2.3 Liquidity

A Current Ratio of 1.80 indicates that GRNB should not have too much problems paying its short term obligations.
GRNB's Current ratio of 1.80 is in line compared to the rest of the industry. GRNB outperforms 54.22% of its industry peers.
GRNB has a Quick Ratio of 1.12. This is a normal value and indicates that GRNB is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of GRNB (1.12) is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 1.8
Quick Ratio 1.12
GRNB Yearly Current Assets VS Current LiabilitesGRNB Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B

4

3. Growth

3.1 Past

The earnings per share for GRNB have decreased strongly by -18.28% in the last year.
Measured over the past 5 years, GRNB shows a small growth in Earnings Per Share. The EPS has been growing by 1.64% on average per year.
The Revenue has decreased by -3.62% in the past year.
Measured over the past years, GRNB 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

Based on estimates for the next years, GRNB will show a quite strong growth in Earnings Per Share. The EPS will grow by 15.63% on average per year.
The Revenue is expected to grow by 2.47% on average over the next years.
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

The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
GRNB Yearly Revenue VS EstimatesGRNB Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 10B 20B 30B
GRNB Yearly EPS VS EstimatesGRNB Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 1 2 3 4

8

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 9.58, the valuation of GRNB can be described as reasonable.
Based on the Price/Earnings ratio, GRNB is valued a bit cheaper than the industry average as 78.31% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 27.69. GRNB is valued rather cheaply when compared to this.
GRNB is valuated cheaply with a Price/Forward Earnings ratio of 5.72.
83.13% of the companies in the same industry are more expensive than GRNB, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 23.18. GRNB is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 9.58
Fwd PE 5.72
GRNB Price Earnings VS Forward Price EarningsGRNB Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of GRNB indicates a rather cheap valuation: GRNB is cheaper than 83.13% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, GRNB is valued a bit cheaper than 68.67% of the companies in the same industry.
Industry RankSector Rank
P/FCF 11.95
EV/EBITDA 3.8
GRNB Per share dataGRNB EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40

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 GRNB may justify a higher PE ratio.
A more expensive valuation may be justified as GRNB's earnings are expected to grow with 15.63% in the coming years.
PEG (NY)0.45
PEG (5Y)5.83
EPS Next 2Y18.35%
EPS Next 3Y15.63%

7

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 5.09%, GRNB is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 4.48, GRNB pays a bit more dividend than its industry peers.
GRNB's Dividend Yield is rather good when compared to the S&P500 average which is at 2.34.
Industry RankSector Rank
Dividend Yield 5.09%

5.2 History

On average, the dividend of GRNB grows each year by 7.84%, which is quite nice.
GRNB has been paying a dividend for over 5 years, so it has already some track record.
GRNB has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)7.84%
Div Incr Years3
Div Non Decr Years3
GRNB Yearly Dividends per shareGRNB Yearly Dividends per shareYearly Dividends per share 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6 0.8

5.3 Sustainability

62.40% of the earnings are spent on dividend by GRNB. This is not a sustainable payout ratio.
GRNB's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP62.4%
EPS Next 2Y18.35%
EPS Next 3Y15.63%
GRNB Yearly Income VS Free CF VS DividendGRNB Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B 3B
GRNB Dividend Payout.GRNB Dividend Payout, showing the Payout Ratio.GRNB Dividend Payout.PayoutRetained Earnings

VANECK GREEN BOND ETF

NYSEARCA:GRNB (10/20/2025, 8:04:01 PM)

24.525

+0.01 (+0.06%)

Chartmill FA Rating
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobile Components
Earnings (Last)07-24 2025-07-24/amc
Earnings (Next)02-22 2026-02-22/amc
Inst Owners46.28%
Inst Owner Change-1.92%
Ins Owners0%
Ins Owner ChangeN/A
Market Cap17.31B
Analysts80
Price Target29.8 (21.51%)
Short Float %0%
Short Ratio0.24
Dividend
Industry RankSector Rank
Dividend Yield 5.09%
Yearly Dividend1.58
Dividend Growth(5Y)7.84%
DP62.4%
Div Incr Years3
Div Non Decr Years3
Ex-Date10-01 2025-10-01 (0.0841)
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)0.95%
PT rev (3m)10.34%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-1.32%
EPS NY rev (3m)-10.51%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.21%
Revenue NY rev (3m)-2.81%
Valuation
Industry RankSector Rank
PE 9.58
Fwd PE 5.72
P/S 0.55
P/FCF 11.95
P/OCF 4.38
P/B 0.84
P/tB 1.14
EV/EBITDA 3.8
EPS(TTM)2.56
EY10.44%
EPS(NY)4.29
Fwd EY17.48%
FCF(TTM)2.05
FCFY8.37%
OCF(TTM)5.6
OCFY22.83%
SpS44.26
BVpS29.33
TBVpS21.59
PEG (NY)0.45
PEG (5Y)5.83
Profitability
Industry RankSector 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)10.37%
ROICexc(5y)9.81%
ROICexgc(3y)12.78%
ROICexgc(5y)12.13%
ROCE(3y)11.87%
ROCE(5y)10.97%
ROICexcg growth 3Y-1.65%
ROICexcg growth 5Y0.27%
ROICexc growth 3Y-2.16%
ROICexc growth 5Y0.21%
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 RankSector 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 2.37
F-Score5
WACC6.67%
ROIC/WACC1.22
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%