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VANECK SEMICONDUCTOR ETF (SMH) Stock Price, Quote, News and Overview

NASDAQ:SMH - Nasdaq - US92189F6768 - ETF - Currency: USD

223.01  -9.76 (-4.19%)

After market: 223.601 +0.59 (+0.27%)

Fundamental Rating

4

Overall SMH gets a fundamental rating of 4 out of 10. We evaluated SMH against 0 industry peers in the Unkown industry. SMH has an average financial health and profitability rating. SMH does not seem to be growing, but still is valued expensively.


Dividend Valuation Growth Profitability Health

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5

1. Profitability

1.1 Basic Checks

SMH had positive earnings in the past year.
SMH had a positive operating cash flow in the past year.
In the past 5 years SMH has always been profitable.
Each year in the past 5 years SMH had a positive operating cash flow.
SMH Yearly Net Income VS EBIT VS OCF VS FCFSMH 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

Looking at the Return On Assets, with a value of 5.28%, SMH is in line with its industry, outperforming 43.37% of the companies in the same industry.
With a Return On Equity value of 10.77%, SMH perfoms like the industry average, outperforming 42.17% of the companies in the same industry.
The Return On Invested Capital of SMH (9.29%) is comparable to the rest of the industry.
The 3 year average ROIC (9.16%) for SMH is below the current ROIC(9.29%), indicating increased profibility in the last year.
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%
SMH Yearly ROA, ROE, ROICSMH Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 5 10 15

1.3 Margins

SMH has a Profit Margin (6.93%) which is comparable to the rest of the industry.
SMH's Profit Margin has declined in the last couple of years.
SMH has a Operating Margin of 12.44%. This is comparable to the rest of the industry: SMH outperforms 49.40% of its industry peers.
In the last couple of years the Operating Margin of SMH has remained more or less at the same level.
SMH's Gross Margin of 29.25% is in line compared to the rest of the industry. SMH outperforms 40.96% of its industry peers.
SMH'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%
SMH Yearly Profit, Operating, Gross MarginsSMH 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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5

2. Health

2.1 Basic Checks

The number of shares outstanding for SMH remains at a similar level compared to 1 year ago.
The number of shares outstanding for SMH has been reduced compared to 5 years ago.
SMH has a better debt/assets ratio than last year.
SMH Yearly Shares OutstandingSMH Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M
SMH Yearly Total Debt VS Total AssetsSMH 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 7.11 indicates that SMH is not in any danger for bankruptcy at the moment.
SMH has a better Altman-Z score (7.11) than 95.18% of its industry peers.
SMH has a debt to FCF ratio of 2.88. This is a good value and a sign of high solvency as SMH would need 2.88 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 2.88, SMH is in line with its industry, outperforming 46.99% of the companies in the same industry.
SMH has a Debt/Equity ratio of 0.40. This is a healthy value indicating a solid balance between debt and equity.
SMH has a Debt to Equity ratio of 0.40. This is in the lower half of the industry: SMH underperforms 67.47% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.4
Debt/FCF 2.88
Altman-Z 7.11
ROIC/WACCN/A
WACCN/A
SMH Yearly LT Debt VS Equity VS FCFSMH 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 SMH should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.82, SMH is doing worse than 74.70% of the companies in the same industry.
SMH has a Quick Ratio of 1.11. This is a normal value and indicates that SMH is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of SMH (1.11) is worse than 75.90% of its industry peers.
Industry RankSector Rank
Current Ratio 1.82
Quick Ratio 1.11
SMH Yearly Current Assets VS Current LiabilitesSMH 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

SMH shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -19.52%.
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.
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

Based on estimates for the next years, SMH will show a quite strong growth in Earnings Per Share. The EPS will grow by 11.57% on average per year.
Based on estimates for the next years, SMH will show a small growth in Revenue. The Revenue will grow by 2.41% on average per year.
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.
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.
SMH Yearly Revenue VS EstimatesSMH 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
SMH Yearly EPS VS EstimatesSMH 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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0

4. Valuation

4.1 Price/Earnings Ratio

SMH is valuated quite expensively with a Price/Earnings ratio of 79.93.
Based on the Price/Earnings ratio, SMH is valued a bit more expensive than 78.31% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 29.75. SMH is valued rather expensively when compared to this.
With a Price/Forward Earnings ratio of 60.46, SMH can be considered very expensive at the moment.
Based on the Price/Forward Earnings ratio, SMH is valued expensively inside the industry as 80.72% of the companies are valued cheaper.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.44, SMH is valued quite expensively.
Industry RankSector Rank
PE 79.93
Fwd PE 60.46
SMH Price Earnings VS Forward Price EarningsSMH Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

SMH's Enterprise Value to EBITDA ratio is rather expensive when compared to the industry. SMH is more expensive than 83.13% of the companies in the same industry.
SMH's Price/Free Cash Flow ratio is a bit more expensive when compared to the industry. SMH is more expensive than 78.31% of the companies in the same industry.
Industry RankSector Rank
P/FCF 52.76
EV/EBITDA 30.45
SMH Per share dataSMH EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
A more expensive valuation may be justified as SMH's earnings are expected to grow with 12.80% in the coming years.
PEG (NY)4.42
PEG (5Y)22.01
EPS Next 2Y13.1%
EPS Next 3Y12.8%

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6

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 4.00%, SMH is a good candidate for dividend investing.
Compared to an average S&P500 Dividend Yield of 2.30, SMH pays a better dividend.
Industry RankSector Rank
Dividend Yield 4%

5.2 History

The dividend of SMH is nicely growing with an annual growth rate of 7.12%!
SMH has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)7.12%
Div Incr Years0
Div Non Decr Years0
SMH Yearly Dividends per shareSMH Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0.2 0.4 0.6 0.8 1

5.3 Sustainability

50.00% of the earnings are spent on dividend by SMH. This is a bit on the high side, but may be sustainable.
SMH's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP50%
EPS Next 2Y13.1%
EPS Next 3Y12.8%
SMH Yearly Income VS Free CF VS DividendSMH 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
SMH Dividend Payout.SMH Dividend Payout, showing the Payout Ratio.SMH Dividend Payout.PayoutRetained Earnings

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VANECK SEMICONDUCTOR ETF

NASDAQ:SMH (3/3/2025, 8:00:02 PM)

After market: 223.601 +0.59 (+0.27%)

223.01

-9.76 (-4.19%)

Chartmill FA Rating
GICS SectorN/A
GICS IndustryGroupN/A
GICS IndustryN/A
Earnings (Last)N/A N/A
Earnings (Next)N/A N/A
Inst OwnersN/A
Inst Owner Change4.48%
Ins OwnersN/A
Ins Owner Change0%
Market Cap0
Analysts75.71
Price Target264.26 (18.5%)
Short Float %1.24%
Short Ratio1.45
Dividend
Industry RankSector Rank
Dividend Yield 4%
Yearly Dividend1.3
Dividend Growth(5Y)7.12%
DP50%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
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%
PT rev (3m)-9.7%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0.39%
EPS NY rev (3m)-2.3%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.33%
Revenue NY rev (3m)-0.27%
Valuation
Industry RankSector Rank
PE 79.93
Fwd PE 60.46
P/S 5.56
P/FCF 52.76
P/OCF 29.7
P/B 8.64
P/tB 11.81
EV/EBITDA 30.45
EPS(TTM)2.79
EY1.25%
EPS(NY)3.69
Fwd EY1.65%
FCF(TTM)4.23
FCFY1.9%
OCF(TTM)7.51
OCFY3.37%
SpS40.14
BVpS25.82
TBVpS18.89
PEG (NY)4.42
PEG (5Y)22.01
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 7.11
F-Score6
WACCN/A
ROIC/WACCN/A
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%