Logo image of SHYD

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

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

22.53  -0.04 (-0.18%)

Fundamental Rating

6

SHYD gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 80 industry peers in the Automobile Components industry. Both the profitability and the financial health of SHYD get a neutral evaluation. Nothing too spectacular is happening here. SHYD scores decently on growth, while it is valued quite cheap. This could make an interesting combination. Finally 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

6

1. Profitability

1.1 Basic Checks

In the past year SHYD was profitable.
SHYD had a positive operating cash flow in the past year.
SHYD had positive earnings in each of the past 5 years.
In the past 5 years SHYD always reported a positive cash flow from operatings.
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 2024 0 1B 2B 3B 4B 5B

1.2 Ratios

SHYD's Return On Assets of 5.04% is fine compared to the rest of the industry. SHYD outperforms 72.50% of its industry peers.
The Return On Equity of SHYD (10.12%) is better than 71.25% of its industry peers.
SHYD has a Return On Invested Capital of 8.73%. This is in the better half of the industry: SHYD outperforms 71.25% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for SHYD is in line with the industry average of 9.12%.
Industry RankSector Rank
ROA 5.04%
ROE 10.12%
ROIC 8.73%
ROA(3y)5.45%
ROA(5y)4.73%
ROE(3y)10.95%
ROE(5y)10.02%
ROIC(3y)9.25%
ROIC(5y)8.5%
SHYD Yearly ROA, ROE, ROICSHYD Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15

1.3 Margins

SHYD's Profit Margin of 6.93% is fine compared to the rest of the industry. SHYD outperforms 75.00% of its industry peers.
SHYD's Profit Margin has been stable in the last couple of years.
With a decent Operating Margin value of 11.72%, SHYD is doing good in the industry, outperforming 77.50% of the companies in the same industry.
SHYD's Operating Margin has been stable in the last couple of years.
SHYD has a better Gross Margin (28.49%) than 70.00% of its industry peers.
In the last couple of years the Gross Margin of SHYD has remained more or less at the same level.
Industry RankSector Rank
OM 11.72%
PM (TTM) 6.93%
GM 28.49%
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%
SHYD Yearly Profit, Operating, Gross MarginsSHYD 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

SHYD has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
The number of shares outstanding for SHYD has been reduced compared to 1 year ago.
The number of shares outstanding for SHYD has been reduced compared to 5 years ago.
SHYD has a worse debt/assets ratio than last year.
SHYD Yearly Shares OutstandingSHYD Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 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 2024 10B 20B 30B

2.2 Solvency

An Altman-Z score of 2.26 indicates that SHYD is not a great score, but indicates only limited risk for bankruptcy at the moment.
SHYD has a Altman-Z score of 2.26. This is comparable to the rest of the industry: SHYD outperforms 41.25% of its industry peers.
SHYD has a debt to FCF ratio of 3.42. This is a good value and a sign of high solvency as SHYD would need 3.42 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 3.42, SHYD is in the better half of the industry, outperforming 73.75% of the companies in the same industry.
A Debt/Equity ratio of 0.31 indicates that SHYD is not too dependend on debt financing.
SHYD has a Debt to Equity ratio of 0.31. This is in the better half of the industry: SHYD outperforms 67.50% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.31
Debt/FCF 3.42
Altman-Z 2.26
ROIC/WACC1.36
WACC6.4%
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 2024 0 5B 10B 15B

2.3 Liquidity

A Current Ratio of 1.76 indicates that SHYD should not have too much problems paying its short term obligations.
SHYD has a Current ratio (1.76) which is comparable to the rest of the industry.
SHYD has a Quick Ratio of 1.11. This is a normal value and indicates that SHYD is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of SHYD (1.11) is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 1.76
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 2024 5B 10B 15B

4

3. Growth

3.1 Past

The earnings per share for SHYD have decreased by -5.42% in the last year.
The Earnings Per Share has been growing slightly by 1.64% on average over the past years.
Looking at the last year, SHYD shows a decrease in Revenue. The Revenue has decreased by -4.06% in the last year.
The Revenue has been growing slightly by 2.41% on average over the past years.
EPS 1Y (TTM)-5.42%
EPS 3Y0.78%
EPS 5Y1.64%
EPS Q2Q%-5.56%
Revenue 1Y (TTM)-4.06%
Revenue growth 3Y4.55%
Revenue growth 5Y2.41%
Sales Q2Q%-3.87%

3.2 Future

Based on estimates for the next years, SHYD will show a quite strong growth in Earnings Per Share. The EPS will grow by 17.51% on average per year.
The Revenue is expected to grow by 3.24% on average over the next years.
EPS Next Y35.36%
EPS Next 2Y23.07%
EPS Next 3Y17.51%
EPS Next 5YN/A
Revenue Next Year0.83%
Revenue Next 2Y2%
Revenue Next 3Y2.43%
Revenue Next 5Y3.24%

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 accelerating.
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 2029 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 1 2 3 4

9

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 7.34, the valuation of SHYD can be described as very cheap.
83.75% of the companies in the same industry are more expensive than SHYD, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 27.29. SHYD is valued rather cheaply when compared to this.
Based on the Price/Forward Earnings ratio of 5.42, the valuation of SHYD can be described as very cheap.
Based on the Price/Forward Earnings ratio, SHYD is valued cheaply inside the industry as 83.75% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.74, SHYD is valued rather cheaply.
Industry RankSector Rank
PE 7.34
Fwd PE 5.42
SHYD Price Earnings VS Forward Price EarningsSHYD Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

SHYD's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. SHYD is cheaper than 83.75% of the companies in the same industry.
SHYD's Price/Free Cash Flow ratio is rather cheap when compared to the industry. SHYD is cheaper than 81.25% of the companies in the same industry.
Industry RankSector Rank
P/FCF 6.29
EV/EBITDA 3.08
SHYD Per share dataSHYD EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40

4.3 Compensation for Growth

SHYD's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
SHYD has a very decent profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as SHYD's earnings are expected to grow with 17.51% in the coming years.
PEG (NY)0.21
PEG (5Y)4.47
EPS Next 2Y23.07%
EPS Next 3Y17.51%

7

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 4.35%, SHYD is a good candidate for dividend investing.
SHYD's Dividend Yield is a higher than the industry average which is at 4.30.
SHYD's Dividend Yield is rather good when compared to the S&P500 average which is at 2.37.
Industry RankSector Rank
Dividend Yield 4.35%

5.2 History

On average, the dividend of SHYD grows each year by 7.84%, which is quite nice.
SHYD has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)7.84%
Div Incr Years0
Div Non Decr Years0
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 51.01% of its income as dividend. This is a bit on the high side, but may be sustainable.
SHYD's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP51.01%
EPS Next 2Y23.07%
EPS Next 3Y17.51%
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 2024 0 1B 2B 3B
SHYD Dividend Payout.SHYD Dividend Payout, showing the Payout Ratio.SHYD Dividend Payout.PayoutRetained Earnings

VANECK SH HI YLD MUNI

NYSEARCA:SHYD (7/7/2025, 8:04:00 PM)

22.53

-0.04 (-0.18%)

Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobile Components
Earnings (Last)04-24 2025-04-24
Earnings (Next)07-24 2025-07-24
Inst Owners39.91%
Inst Owner Change0%
Ins Owners0%
Ins Owner ChangeN/A
Market Cap15.90B
Analysts80
Price Target25.31 (12.34%)
Short Float %0.01%
Short Ratio0.48
Dividend
Industry RankSector Rank
Dividend Yield 4.35%
Yearly Dividend1.59
Dividend Growth(5Y)7.84%
DP51.01%
Div Incr Years0
Div Non Decr Years0
Ex-Date07-01 2025-07-01 (0.064)
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)0.04%
PT rev (3m)-4.95%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-0.7%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2.5%
Valuation
Industry RankSector Rank
PE 7.34
Fwd PE 5.42
P/S 0.5
P/FCF 6.29
P/OCF 3.13
P/B 0.73
P/tB 0.99
EV/EBITDA 3.08
EPS(TTM)3.07
EY13.63%
EPS(NY)4.16
Fwd EY18.46%
FCF(TTM)3.58
FCFY15.89%
OCF(TTM)7.21
OCFY31.98%
SpS45.19
BVpS30.95
TBVpS22.73
PEG (NY)0.21
PEG (5Y)4.47
Profitability
Industry RankSector Rank
ROA 5.04%
ROE 10.12%
ROCE 11.13%
ROIC 8.73%
ROICexc 10.35%
ROICexgc 13.02%
OM 11.72%
PM (TTM) 6.93%
GM 28.49%
FCFM 7.92%
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 Turnover0.73
Health
Industry RankSector Rank
Debt/Equity 0.31
Debt/FCF 3.42
Debt/EBITDA 1.12
Cap/Depr 110.04%
Cap/Sales 8.02%
Interest Coverage 12.7
Cash Conversion 83.87%
Profit Quality 114.33%
Current Ratio 1.76
Quick Ratio 1.11
Altman-Z 2.26
F-Score5
WACC6.4%
ROIC/WACC1.36
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)-5.42%
EPS 3Y0.78%
EPS 5Y1.64%
EPS Q2Q%-5.56%
EPS Next Y35.36%
EPS Next 2Y23.07%
EPS Next 3Y17.51%
EPS Next 5YN/A
Revenue 1Y (TTM)-4.06%
Revenue growth 3Y4.55%
Revenue growth 5Y2.41%
Sales Q2Q%-3.87%
Revenue Next Year0.83%
Revenue Next 2Y2%
Revenue Next 3Y2.43%
Revenue Next 5Y3.24%
EBIT growth 1Y-7.52%
EBIT growth 3Y1.98%
EBIT growth 5Y1.14%
EBIT Next Year66.93%
EBIT Next 3Y23.28%
EBIT Next 5Y17.83%
FCF growth 1Y-29.4%
FCF growth 3Y21.5%
FCF growth 5Y7.22%
OCF growth 1Y-17.99%
OCF growth 3Y14.27%
OCF growth 5Y5.48%