VANECK SHORT MUNI ETF (SMB) Stock Overview
USA - NYSEARCA:SMB - US92189F5281 - ETF
17.45 USD
+0.03 (+0.17%)
SMB gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 80 industry peers in the Automobile Components industry. SMB scores excellent on profitability, but there are some minor concerns on its financial health. SMB may be a bit undervalued, certainly considering the very reasonable score on growth SMB also has an excellent dividend rating. These ratings would make SMB suitable for value and dividend investing!
1. Profitability
1.1 Basic Checks
SMB had positive earnings in the past year.
SMB had a positive operating cash flow in the past year.
Each year in the past 5 years SMB has been profitable.
SMB had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With an excellent Return On Assets value of 4.39%, SMB belongs to the best of the industry, outperforming 85.00% of the companies in the same industry.
The Return On Equity of SMB (8.81%) is better than 82.50% of its industry peers.
SMB has a Return On Invested Capital of 8.17%. This is amongst the best in the industry. SMB outperforms 81.25% of its industry peers.
SMB 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 Rank | Sector 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%
1.3 Margins
The Profit Margin of SMB (5.84%) is better than 87.50% of its industry peers.
SMB's Profit Margin has been stable in the last couple of years.
With an excellent Operating Margin value of 10.65%, SMB belongs to the best of the industry, outperforming 88.75% of the companies in the same industry.
SMB's Operating Margin has been stable in the last couple of years.
With an excellent Gross Margin value of 27.60%, SMB belongs to the best of the industry, outperforming 81.25% of the companies in the same industry.
SMB's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector 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%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so SMB is still creating some value.
Compared to 1 year ago, SMB has less shares outstanding
SMB has less shares outstanding than it did 5 years ago.
The debt/assets ratio for SMB is higher compared to a year ago.
2.2 Solvency
SMB has an Altman-Z score of 2.23. This is not the best score and indicates that SMB is in the grey zone with still only limited risk for bankruptcy at the moment.
SMB has a worse Altman-Z score (2.23) than 68.75% of its industry peers.
SMB has a debt to FCF ratio of 6.05. This is a slightly negative value and a sign of low solvency as SMB would need 6.05 years to pay back of all of its debts.
The Debt to FCF ratio of SMB (6.05) is better than 73.75% of its industry peers.
A Debt/Equity ratio of 0.32 indicates that SMB is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.32, SMB is in the better half of the industry, outperforming 76.25% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.32 | ||
| Debt/FCF | 6.05 | ||
| Altman-Z | 2.23 |
ROIC/WACC1.34
WACC6.11%
2.3 Liquidity
SMB has a Current Ratio of 1.80. This is a normal value and indicates that SMB is financially healthy and should not expect problems in meeting its short term obligations.
SMB's Current ratio of 1.80 is fine compared to the rest of the industry. SMB outperforms 65.00% of its industry peers.
SMB has a Quick Ratio of 1.12. This is a normal value and indicates that SMB is financially healthy and should not expect problems in meeting its short term obligations.
SMB has a better Quick ratio (1.12) than 63.75% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.8 | ||
| Quick Ratio | 1.12 |
3. Growth
3.1 Past
SMB shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -18.28%.
SMB shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 1.64% yearly.
SMB shows a decrease in Revenue. In the last year, the revenue decreased by -3.62%.
SMB shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.41% yearly.
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
The Earnings Per Share is expected to grow by 16.31% on average over the next years. This is quite good.
The Revenue is expected to grow by 2.56% on average over the next years.
EPS Next Y22.75%
EPS Next 2Y19.47%
EPS Next 3Y16.31%
EPS Next 5YN/A
Revenue Next Year-1.8%
Revenue Next 2Y0.24%
Revenue Next 3Y1.32%
Revenue Next 5Y2.56%
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.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 6.74, the valuation of SMB can be described as very cheap.
SMB's Price/Earnings ratio is rather cheap when compared to the industry. SMB is cheaper than 95.00% of the companies in the same industry.
SMB is valuated cheaply when we compare the Price/Earnings ratio to 27.20, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 3.95, which indicates a rather cheap valuation of SMB.
Compared to the rest of the industry, the Price/Forward Earnings ratio of SMB indicates a rather cheap valuation: SMB is cheaper than 96.25% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of SMB to the average of the S&P500 Index (22.71), we can say SMB is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.74 | ||
| Fwd PE | 3.95 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of SMB indicates a rather cheap valuation: SMB is cheaper than 95.00% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, SMB is valued cheaper than 85.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.41 | ||
| EV/EBITDA | 2.9 |
4.3 Compensation for Growth
SMB's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The excellent profitability rating of SMB may justify a higher PE ratio.
SMB's earnings are expected to grow with 16.31% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.3
PEG (5Y)4.1
EPS Next 2Y19.47%
EPS Next 3Y16.31%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.38%, SMB is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 3.89, SMB has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.38, SMB pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.38% |
5.2 History
On average, the dividend of SMB grows each year by 7.84%, which is quite nice.
SMB has been paying a dividend for at least 10 years, so it has a reliable track record.
SMB has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)7.84%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
SMB pays out 62.40% of its income as dividend. This is not a sustainable payout ratio.
SMB's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP62.4%
EPS Next 2Y19.47%
EPS Next 3Y16.31%
NYSEARCA:SMB (9/16/2025, 8:04:00 PM)
17.45
+0.03 (+0.17%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobile Components
Earnings (Last)
Earnings (Next)
Inst Owners39.91%
Inst Owner Change7%
Ins Owners0%
Ins Owner ChangeN/A
Market Cap12.32B
Analysts80.87
Price Target20.97 (20.17%)
Short Float %0%
Short Ratio0.19
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.38% |
Yearly Dividend1.59
Dividend Growth(5Y)7.84%
DP62.4%
Div Incr Years3
Div Non Decr Years3
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)-1.17%
PT rev (3m)8.37%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-9.31%
EPS NY rev (3m)-9.31%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.4%
Revenue NY rev (3m)-2.61%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.74 | ||
| Fwd PE | 3.95 | ||
| P/S | 0.39 | ||
| P/FCF | 8.41 | ||
| P/OCF | 3.08 | ||
| P/B | 0.59 | ||
| P/tB | 0.8 | ||
| EV/EBITDA | 2.9 |
EPS(TTM)2.59
EY14.84%
EPS(NY)4.41
Fwd EY25.3%
FCF(TTM)2.07
FCFY11.89%
OCF(TTM)5.66
OCFY32.43%
SpS44.74
BVpS29.65
TBVpS21.83
PEG (NY)0.3
PEG (5Y)4.1
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 2.23 |
F-Score5
WACC6.11%
ROIC/WACC1.34
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 Y22.75%
EPS Next 2Y19.47%
EPS Next 3Y16.31%
EPS Next 5YN/A
Revenue 1Y (TTM)-3.62%
Revenue growth 3Y4.55%
Revenue growth 5Y2.41%
Sales Q2Q%-3.36%
Revenue Next Year-1.8%
Revenue Next 2Y0.24%
Revenue Next 3Y1.32%
Revenue Next 5Y2.56%
EBIT growth 1Y-17.5%
EBIT growth 3Y1.98%
EBIT growth 5Y1.14%
EBIT Next Year66.93%
EBIT Next 3Y23.28%
EBIT Next 5Y17.51%
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%