VANECK LONG MUNI ETF (MLN) Stock Price, Quote, News and Overview
NYSEARCA:MLN - NYSE Arca - US92189F5364 - ETF - Currency: USD
MLN gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 83 industry peers in the Automobile Components industry. MLN scores excellent points on both the profitability and health parts. This is a solid base for a good stock. MLN is cheap, but on the other hand it scores bad on growth. Finally MLN also has an excellent dividend rating. These ratings could make MLN a good candidate for value and dividend investing.
1. Profitability
1.1 Basic Checks
In the past year MLN was profitable.
In the past year MLN had a positive cash flow from operations.
MLN had positive earnings in each of the past 5 years.
In the past 5 years MLN always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 5.28%, MLN is in the better half of the industry, outperforming 79.52% of the companies in the same industry.
Looking at the Return On Equity, with a value of 10.77%, MLN is in the better half of the industry, outperforming 78.31% of the companies in the same industry.
With a decent Return On Invested Capital value of 9.29%, MLN is doing good in the industry, outperforming 78.31% of the companies in the same industry.
MLN had an Average Return On Invested Capital over the past 3 years of 9.16%. This is in line with the industry average of 9.57%.
The 3 year average ROIC (9.16%) for MLN 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
MLN has a better Profit Margin (6.93%) than 83.13% of its industry peers.
MLN's Profit Margin has declined in the last couple of years.
MLN has a better Operating Margin (12.44%) than 85.54% of its industry peers.
MLN's Operating Margin has been stable in the last couple of years.
MLN has a better Gross Margin (29.25%) than 77.11% of its industry peers.
MLN'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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so MLN is still creating some value.
MLN has about the same amout of shares outstanding than it did 1 year ago.
The number of shares outstanding for MLN has been reduced compared to 5 years ago.
MLN has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 2.29 indicates that MLN is not a great score, but indicates only limited risk for bankruptcy at the moment.
The Altman-Z score of MLN (2.29) is comparable to the rest of the industry.
The Debt to FCF ratio of MLN is 2.88, which is a good value as it means it would take MLN, 2.88 years of fcf income to pay off all of its debts.
MLN's Debt to FCF ratio of 2.88 is amongst the best of the industry. MLN outperforms 83.13% of its industry peers.
A Debt/Equity ratio of 0.40 indicates that MLN is not too dependend on debt financing.
MLN has a better Debt to Equity ratio (0.40) than 69.88% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.4 | ||
| Debt/FCF | 2.88 | ||
| Altman-Z | 2.29 |
ROIC/WACC1.46
WACC6.38%
2.3 Liquidity
MLN has a Current Ratio of 1.82. This is a normal value and indicates that MLN is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 1.82, MLN is in the better half of the industry, outperforming 61.45% of the companies in the same industry.
MLN has a Quick Ratio of 1.11. This is a normal value and indicates that MLN is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of MLN (1.11) is better than 60.24% 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 MLN have decreased strongly by -19.52% in the last year.
The Earnings Per Share has been growing slightly by 3.63% on average over the past years.
The Revenue has decreased by -5.57% in the past year.
MLN 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
MLN is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 11.57% yearly.
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
With a Price/Earnings ratio of 6.37, the valuation of MLN can be described as very cheap.
Based on the Price/Earnings ratio, MLN is valued cheaply inside the industry as 89.16% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of MLN to the average of the S&P500 Index (30.30), we can say MLN is valued rather cheaply.
The Price/Forward Earnings ratio is 4.82, which indicates a rather cheap valuation of MLN.
MLN's Price/Forward Earnings ratio is rather cheap when compared to the industry. MLN is cheaper than 90.36% of the companies in the same industry.
MLN is valuated cheaply when we compare the Price/Forward Earnings ratio to 23.06, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.37 | ||
| Fwd PE | 4.82 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, MLN is valued cheaply inside the industry as 87.95% of the companies are valued more expensively.
89.16% of the companies in the same industry are more expensive than MLN, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.12 | ||
| EV/EBITDA | 2.9 |
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.
MLN has a very decent profitability rating, which may justify a higher PE ratio.
MLN's earnings are expected to grow with 12.80% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.35
PEG (5Y)1.75
EPS Next 2Y13.1%
EPS Next 3Y12.8%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.02%, MLN is a good candidate for dividend investing.
MLN's Dividend Yield is comparable with the industry average which is at 4.04.
Compared to an average S&P500 Dividend Yield of 2.29, MLN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.02% |
5.2 History
On average, the dividend of MLN grows each year by 7.12%, which is quite nice.
MLN has paid a dividend for at least 10 years, which is a reliable track record.
MLN has decreased its dividend 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 MLN. This is a bit on the high side, but may be sustainable.
MLN's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP50%
EPS Next 2Y13.1%
EPS Next 3Y12.8%
NYSEARCA:MLN (2/21/2025, 1:00:52 PM)
17.83
+0.06 (+0.34%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobile Components
Earnings (Last)
Earnings (Next)
Inst Owners40.02%
Inst Owner Change13.76%
Ins Owners0%
Ins Owner ChangeN/A
Market Cap12.58B
Analysts75.71
Price Target19.94 (11.83%)
Short Float %0.02%
Short Ratio0.49
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.02% |
Yearly Dividend1.25
Dividend Growth(5Y)7.12%
DP50%
Div Incr Years1
Div Non Decr Years1
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)-3.48%
PT rev (3m)-3.29%
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 | 6.37 | ||
| Fwd PE | 4.82 | ||
| P/S | 0.43 | ||
| P/FCF | 4.12 | ||
| P/OCF | 2.32 | ||
| P/B | 0.68 | ||
| P/tB | 0.92 | ||
| EV/EBITDA | 2.9 |
EPS(TTM)2.8
EY15.7%
EPS(NY)3.7
Fwd EY20.75%
FCF(TTM)4.32
FCFY24.25%
OCF(TTM)7.68
OCFY43.08%
SpS41.05
BVpS26.41
TBVpS19.32
PEG (NY)0.35
PEG (5Y)1.75
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 | 2.29 |
F-Score6
WACC6.38%
ROIC/WACC1.46
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%