VANECK SEMICONDUCTOR ETF (SMH) Stock Price, Quote, News and Overview
NASDAQ:SMH - Nasdaq - US92189F6768 - ETF - Currency: USD
Overall SMH gets a fundamental rating of 4 out of 10. We evaluated SMH against 81 industry peers in the Automobile Components industry. SMH has an average financial health and profitability rating. SMH is quite expensive at the moment. It does show a decent growth rate. SMH also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
SMH had positive earnings in the past year.
In the past year SMH had a positive cash flow from operations.
In the past 5 years SMH has always been profitable.
SMH had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
SMH has a Return On Assets of 5.04%. This is comparable to the rest of the industry: SMH outperforms 41.98% of its industry peers.
SMH has a Return On Equity (10.12%) which is comparable to the rest of the industry.
SMH has a Return On Invested Capital of 8.73%. This is comparable to the rest of the industry: SMH outperforms 40.74% of its industry peers.
The Average Return On Invested Capital over the past 3 years for SMH is in line with the industry average of 9.05%.
| Industry Rank | Sector 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%
1.3 Margins
SMH has a Profit Margin (6.93%) which is comparable to the rest of the industry.
SMH's Profit Margin has been stable in the last couple of years.
SMH's Operating Margin of 11.72% is in line compared to the rest of the industry. SMH outperforms 46.91% of its industry peers.
SMH's Operating Margin has been stable in the last couple of years.
SMH has a Gross Margin of 28.49%. This is in the lower half of the industry: SMH underperforms 60.49% of its industry peers.
SMH's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector 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%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so SMH is still creating some value.
The number of shares outstanding for SMH has been reduced compared to 1 year ago.
SMH has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, SMH has a worse debt to assets ratio.
2.2 Solvency
SMH has an Altman-Z score of 7.27. This indicates that SMH is financially healthy and has little risk of bankruptcy at the moment.
With an excellent Altman-Z score value of 7.27, SMH belongs to the best of the industry, outperforming 90.12% of the companies in the same industry.
SMH has a debt to FCF ratio of 3.42. This is a good value and a sign of high solvency as SMH 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, SMH is in line with its industry, outperforming 43.21% of the companies in the same industry.
A Debt/Equity ratio of 0.31 indicates that SMH is not too dependend on debt financing.
SMH has a worse Debt to Equity ratio (0.31) than 62.96% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.31 | ||
| Debt/FCF | 3.42 | ||
| Altman-Z | 7.27 |
ROIC/WACC1.13
WACC7.74%
2.3 Liquidity
SMH has a Current Ratio of 1.76. This is a normal value and indicates that SMH is financially healthy and should not expect problems in meeting its short term obligations.
SMH's Current ratio of 1.76 is on the low side compared to the rest of the industry. SMH is outperformed by 77.78% of its industry peers.
A Quick Ratio of 1.11 indicates that SMH should not have too much problems paying its short term obligations.
SMH's Quick ratio of 1.11 is on the low side compared to the rest of the industry. SMH is outperformed by 77.78% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.76 | ||
| Quick Ratio | 1.11 |
3. Growth
3.1 Past
The earnings per share for SMH have decreased by -5.42% in the last year.
Measured over the past 5 years, SMH shows a small growth in Earnings Per Share. The EPS has been growing by 1.64% on average per year.
The Revenue has decreased by -4.06% in the past year.
SMH shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.41% yearly.
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
The Earnings Per Share is expected to grow by 17.51% on average over the next years. This is quite good.
Based on estimates for the next years, SMH will show a small growth in Revenue. The Revenue will grow by 3.24% on average per year.
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
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 accelerating.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 91.79, SMH can be considered very expensive at the moment.
Compared to the rest of the industry, the Price/Earnings ratio of SMH indicates a slightly more expensive valuation: SMH is more expensive than 79.01% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.45, SMH is valued quite expensively.
SMH is valuated quite expensively with a Price/Forward Earnings ratio of 67.88.
Based on the Price/Forward Earnings ratio, SMH is valued expensively inside the industry as 82.72% of the companies are valued cheaper.
The average S&P500 Price/Forward Earnings ratio is at 21.90. SMH is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 91.79 | ||
| Fwd PE | 67.88 |
4.2 Price Multiples
SMH's Enterprise Value to EBITDA ratio is rather expensive when compared to the industry. SMH is more expensive than 81.48% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of SMH indicates a slightly more expensive valuation: SMH is more expensive than 79.01% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 78.87 | ||
| EV/EBITDA | 33.31 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates SMH does not grow enough to justify the current Price/Earnings ratio.
A more expensive valuation may be justified as SMH's earnings are expected to grow with 17.51% in the coming years.
PEG (NY)2.6
PEG (5Y)55.87
EPS Next 2Y23.07%
EPS Next 3Y17.51%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.35%, SMH is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 4.32, SMH pays a better dividend. On top of this SMH pays more dividend than 96.30% of the companies listed in the same industry.
SMH's Dividend Yield is rather good when compared to the S&P500 average which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.35% |
5.2 History
On average, the dividend of SMH grows each year by 7.84%, which is quite nice.
SMH has been paying a dividend for at least 10 years, so it has a reliable track record.
SMH has decreased its dividend recently.
Dividend Growth(5Y)7.84%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
51.01% of the earnings are spent on dividend by SMH. This is a bit on the high side, but may be sustainable.
The dividend of SMH is growing, but earnings are growing more, so the dividend growth is sustainable.
DP51.01%
EPS Next 2Y23.07%
EPS Next 3Y17.51%
283.62
+2.37 (+0.84%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobile Components
Earnings (Last)
Earnings (Next)
Inst Owners39.91%
Inst Owner Change1.67%
Ins Owners0%
Ins Owner Change0%
Market Cap200.16B
Analysts80
Price Target270.15 (-4.75%)
Short Float %1.38%
Short Ratio1.2
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.35% |
Yearly Dividend1.59
Dividend Growth(5Y)7.84%
DP51.01%
Div Incr Years1
Div Non Decr Years1
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)9.14%
PT rev (3m)4.55%
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 Rank | Sector Rank | ||
|---|---|---|---|
| PE | 91.79 | ||
| Fwd PE | 67.88 | ||
| P/S | 6.25 | ||
| P/FCF | 78.87 | ||
| P/OCF | 39.18 | ||
| P/B | 9.12 | ||
| P/tB | 12.42 | ||
| EV/EBITDA | 33.31 |
EPS(TTM)3.09
EY1.09%
EPS(NY)4.18
Fwd EY1.47%
FCF(TTM)3.6
FCFY1.27%
OCF(TTM)7.24
OCFY2.55%
SpS45.4
BVpS31.09
TBVpS22.83
PEG (NY)2.6
PEG (5Y)55.87
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 7.27 |
F-Score5
WACC7.74%
ROIC/WACC1.13
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%