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VANECK SH HI YLD MUNI (SHYD) Stock Price, Quote, News and Overview

NYSEARCA:SHYD - NYSE Arca - US92189F3872 - ETF - Currency: USD

22.81  +0.1 (+0.44%)

Fundamental Rating

6

Overall SHYD gets a fundamental rating of 6 out of 10. We evaluated SHYD against 83 industry peers in the Automobile Components industry. SHYD scores excellent on profitability, but there are some minor concerns on its financial health. SHYD has a bad growth rate and is valued cheaply. SHYD also has an excellent dividend rating. These ratings could make SHYD a good candidate for value and dividend investing.


Dividend Valuation Growth Profitability Health

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7

1. Profitability

1.1 Basic Checks

SHYD had positive earnings in the past year.
In the past year SHYD had a positive cash flow from operations.
SHYD had positive earnings in each of the past 5 years.
SHYD had a positive operating cash flow in each of the past 5 years.
SHYD Yearly Net Income VS EBIT VS OCF VS FCFSHYD 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 0 1B 2B 3B 4B 5B

1.2 Ratios

SHYD has a Return On Assets of 5.28%. This is in the better half of the industry: SHYD outperforms 73.49% of its industry peers.
With a decent Return On Equity value of 10.77%, SHYD is doing good in the industry, outperforming 72.29% of the companies in the same industry.
With a decent Return On Invested Capital value of 9.29%, SHYD is doing good in the industry, outperforming 72.29% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for SHYD is in line with the industry average of 9.57%.
The last Return On Invested Capital (9.29%) for SHYD is above the 3 year average (9.16%), which is a sign of increasing profitability.
Industry RankSector 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%
SHYD Yearly ROA, ROE, ROICSHYD Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 5 10 15

1.3 Margins

With a decent Profit Margin value of 6.93%, SHYD is doing good in the industry, outperforming 77.11% of the companies in the same industry.
SHYD's Profit Margin has declined in the last couple of years.
SHYD has a Operating Margin of 12.44%. This is in the better half of the industry: SHYD outperforms 79.52% of its industry peers.
SHYD's Operating Margin has been stable in the last couple of years.
The Gross Margin of SHYD (29.25%) is better than 71.08% of its industry peers.
SHYD's Gross Margin has been stable in the last couple of years.
Industry RankSector 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%
SHYD Yearly Profit, Operating, Gross MarginsSHYD Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 10 20 30

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6

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so SHYD is still creating some value.
The number of shares outstanding for SHYD remains at a similar level compared to 1 year ago.
SHYD has less shares outstanding than it did 5 years ago.
SHYD has a better debt/assets ratio than last year.
SHYD Yearly Shares OutstandingSHYD Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M
SHYD Yearly Total Debt VS Total AssetsSHYD Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 10B 20B 30B

2.2 Solvency

An Altman-Z score of 2.40 indicates that SHYD is not a great score, but indicates only limited risk for bankruptcy at the moment.
The Altman-Z score of SHYD (2.40) is comparable to the rest of the industry.
SHYD has a debt to FCF ratio of 2.88. This is a good value and a sign of high solvency as SHYD would need 2.88 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 2.88, SHYD is doing good in the industry, outperforming 77.11% of the companies in the same industry.
A Debt/Equity ratio of 0.40 indicates that SHYD is not too dependend on debt financing.
With a decent Debt to Equity ratio value of 0.40, SHYD is doing good in the industry, outperforming 63.86% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.4
Debt/FCF 2.88
Altman-Z 2.4
ROIC/WACC1.41
WACC6.57%
SHYD Yearly LT Debt VS Equity VS FCFSHYD Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 5B 10B 15B

2.3 Liquidity

A Current Ratio of 1.82 indicates that SHYD should not have too much problems paying its short term obligations.
The Current ratio of SHYD (1.82) is comparable to the rest of the industry.
A Quick Ratio of 1.11 indicates that SHYD should not have too much problems paying its short term obligations.
With a Quick ratio value of 1.11, SHYD perfoms like the industry average, outperforming 54.22% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.82
Quick Ratio 1.11
SHYD Yearly Current Assets VS Current LiabilitesSHYD Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 5B 10B 15B

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3

3. Growth

3.1 Past

SHYD shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -19.52%.
Measured over the past 5 years, SHYD shows a small growth in Earnings Per Share. The EPS has been growing by 3.63% on average per year.
Looking at the last year, SHYD shows a decrease in Revenue. The Revenue has decreased by -5.57% in the last 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

SHYD is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 11.57% yearly.
SHYD is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.41% yearly.
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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
SHYD Yearly Revenue VS EstimatesSHYD Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 10B 20B 30B
SHYD Yearly EPS VS EstimatesSHYD Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 1 2 3 4

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9

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 8.15, the valuation of SHYD can be described as very reasonable.
SHYD's Price/Earnings ratio is a bit cheaper when compared to the industry. SHYD is cheaper than 78.31% of the companies in the same industry.
SHYD's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 30.30.
The Price/Forward Earnings ratio is 6.16, which indicates a rather cheap valuation of SHYD.
SHYD's Price/Forward Earnings ratio is rather cheap when compared to the industry. SHYD is cheaper than 84.34% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 23.06. SHYD is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 8.15
Fwd PE 6.16
SHYD Price Earnings VS Forward Price EarningsSHYD Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

SHYD's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. SHYD is cheaper than 80.72% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, SHYD is valued cheaply inside the industry as 80.72% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 5.28
EV/EBITDA 3.52
SHYD Per share dataSHYD 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 SHYD may justify a higher PE ratio.
SHYD's earnings are expected to grow with 12.80% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.45
PEG (5Y)2.24
EPS Next 2Y13.1%
EPS Next 3Y12.8%

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7

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 4.02%, SHYD is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 4.04, SHYD has a dividend in line with its industry peers.
SHYD's Dividend Yield is rather good when compared to the S&P500 average which is at 2.29.
Industry RankSector Rank
Dividend Yield 4.02%

5.2 History

On average, the dividend of SHYD grows each year by 7.12%, which is quite nice.
SHYD has paid a dividend for at least 10 years, which is a reliable track record.
The dividend of SHYD decreased recently.
Dividend Growth(5Y)7.12%
Div Incr Years1
Div Non Decr Years1
SHYD Yearly Dividends per shareSHYD Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6

5.3 Sustainability

SHYD pays out 50.00% of its income as dividend. This is a bit on the high side, but may be sustainable.
The dividend of SHYD is growing, but earnings are growing more, so the dividend growth is sustainable.
DP50%
EPS Next 2Y13.1%
EPS Next 3Y12.8%
SHYD Yearly Income VS Free CF VS DividendSHYD Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 1B 2B 3B
SHYD Dividend Payout.SHYD Dividend Payout, showing the Payout Ratio.SHYD Dividend Payout.PayoutRetained Earnings

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VANECK SH HI YLD MUNI

NYSEARCA:SHYD (2/21/2025, 12:51:28 PM)

22.81

+0.1 (+0.44%)

Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobile Components
Earnings (Last)02-12 2025-02-12/amc
Earnings (Next)04-24 2025-04-24
Inst Owners40.02%
Inst Owner Change4.01%
Ins Owners0%
Ins Owner ChangeN/A
Market Cap16.10B
Analysts75.71
Price Target25.49 (11.75%)
Short Float %0.01%
Short Ratio0.82
Dividend
Industry RankSector Rank
Dividend Yield 4.02%
Yearly Dividend1.25
Dividend Growth(5Y)7.12%
DP50%
Div Incr Years1
Div Non Decr Years1
Ex-Date02-03 2025-02-03 (0.0747)
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)-3.03%
PT rev (3m)-1.73%
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 RankSector Rank
PE 8.15
Fwd PE 6.16
P/S 0.56
P/FCF 5.28
P/OCF 2.97
P/B 0.86
P/tB 1.18
EV/EBITDA 3.52
EPS(TTM)2.8
EY12.28%
EPS(NY)3.7
Fwd EY16.22%
FCF(TTM)4.32
FCFY18.96%
OCF(TTM)7.68
OCFY33.67%
SpS41.05
BVpS26.41
TBVpS19.32
PEG (NY)0.45
PEG (5Y)2.24
Profitability
Industry RankSector 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 RankSector 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 2.4
F-Score6
WACC6.57%
ROIC/WACC1.41
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%