VANECK VIETNAM ETF (VNM) Stock Overview
USA - NYSEARCA:VNM - US92189F8178 - ETF
17.74 USD
-0.47 (-2.58%)
17.8006 USD
+0.06 (+0.34%)
VNM gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 83 industry peers in the Automobile Components industry. VNM scores excellent on profitability, but there are some minor concerns on its financial health. VNM scores decently on growth, while it is valued quite cheap. This could make an interesting combination. Finally VNM also has an excellent dividend rating. With these ratings, VNM could be worth investigating further for value and dividend investing!.
1. Profitability
1.1 Basic Checks
In the past year VNM was profitable.
VNM had a positive operating cash flow in the past year.
Each year in the past 5 years VNM has been profitable.
VNM had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
VNM has a better Return On Assets (4.39%) than 80.72% of its industry peers.
Looking at the Return On Equity, with a value of 8.81%, VNM is in the better half of the industry, outperforming 79.52% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 8.17%, VNM is in the better half of the industry, outperforming 78.31% of the companies in the same industry.
VNM had an Average Return On Invested Capital over the past 3 years of 9.25%. This is in line with the industry average of 8.52%.
| 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
Looking at the Profit Margin, with a value of 5.84%, VNM belongs to the top of the industry, outperforming 84.34% of the companies in the same industry.
VNM's Profit Margin has been stable in the last couple of years.
With an excellent Operating Margin value of 10.65%, VNM belongs to the best of the industry, outperforming 85.54% of the companies in the same industry.
In the last couple of years the Operating Margin of VNM has remained more or less at the same level.
VNM has a better Gross Margin (27.60%) than 77.11% of its industry peers.
VNM'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
VNM has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
Compared to 1 year ago, VNM has less shares outstanding
Compared to 5 years ago, VNM has less shares outstanding
VNM has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 2.25 indicates that VNM is not a great score, but indicates only limited risk for bankruptcy at the moment.
VNM has a Altman-Z score of 2.25. This is in the lower half of the industry: VNM underperforms 63.86% of its industry peers.
VNM has a debt to FCF ratio of 6.05. This is a slightly negative value and a sign of low solvency as VNM would need 6.05 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 6.05, VNM is doing good in the industry, outperforming 71.08% of the companies in the same industry.
A Debt/Equity ratio of 0.32 indicates that VNM is not too dependend on debt financing.
The Debt to Equity ratio of VNM (0.32) is better than 72.29% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.32 | ||
| Debt/FCF | 6.05 | ||
| Altman-Z | 2.25 |
ROIC/WACC1.3
WACC6.3%
2.3 Liquidity
VNM has a Current Ratio of 1.80. This is a normal value and indicates that VNM is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 1.80, VNM is in the better half of the industry, outperforming 62.65% of the companies in the same industry.
A Quick Ratio of 1.12 indicates that VNM should not have too much problems paying its short term obligations.
The Quick ratio of VNM (1.12) is better than 61.45% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.8 | ||
| Quick Ratio | 1.12 |
3. Growth
3.1 Past
VNM shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -18.28%.
VNM shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 1.64% yearly.
VNM shows a decrease in Revenue. In the last year, the revenue decreased by -3.62%.
The Revenue has been growing slightly by 2.41% on average over the past years.
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 15.63% on average over the next years. This is quite good.
The Revenue is expected to grow by 2.47% on average over the next years.
EPS Next Y21.13%
EPS Next 2Y18.35%
EPS Next 3Y15.63%
EPS Next 5YN/A
Revenue Next Year-2%
Revenue Next 2Y0.2%
Revenue Next 3Y1.31%
Revenue Next 5Y2.47%
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 stable.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 6.98, which indicates a rather cheap valuation of VNM.
Based on the Price/Earnings ratio, VNM is valued cheaply inside the industry as 90.36% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of VNM to the average of the S&P500 Index (27.08), we can say VNM is valued rather cheaply.
With a Price/Forward Earnings ratio of 4.16, the valuation of VNM can be described as very cheap.
92.77% of the companies in the same industry are more expensive than VNM, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 23.09. VNM is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.98 | ||
| Fwd PE | 4.16 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of VNM indicates a rather cheap valuation: VNM is cheaper than 91.57% of the companies listed in the same industry.
81.93% of the companies in the same industry are more expensive than VNM, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.7 | ||
| EV/EBITDA | 3.03 |
4.3 Compensation for Growth
VNM's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
VNM has a very decent profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as VNM's earnings are expected to grow with 15.63% in the coming years.
PEG (NY)0.33
PEG (5Y)4.25
EPS Next 2Y18.35%
EPS Next 3Y15.63%
5. Dividend
5.1 Amount
VNM has a Yearly Dividend Yield of 4.99%, which is a nice return.
Compared to an average industry Dividend Yield of 4.39, VNM pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.30, VNM pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.99% |
5.2 History
The dividend of VNM is nicely growing with an annual growth rate of 7.84%!
VNM has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)7.84%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
VNM pays out 62.40% of its income as dividend. This is not a sustainable payout ratio.
The dividend of VNM is growing, but earnings are growing more, so the dividend growth is sustainable.
DP62.4%
EPS Next 2Y18.35%
EPS Next 3Y15.63%
17.74
-0.47 (-2.58%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobile Components
Earnings (Last)
Earnings (Next)
Inst Owners46.28%
Inst Owner Change-12.7%
Ins Owners0%
Ins Owner ChangeN/A
Market Cap12.52B
Revenue(TTM)26.74B
Net Income(TTM)1.56B
Analysts80
Price Target21.41 (20.69%)
Short Float %0.4%
Short Ratio3.04
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.99% |
Yearly Dividend1.57
Dividend Growth(5Y)7.84%
DP62.4%
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)-1.28%
PT rev (3m)21.76%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-10.51%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.21%
Revenue NY rev (3m)-2.81%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.98 | ||
| Fwd PE | 4.16 | ||
| P/S | 0.4 | ||
| P/FCF | 8.7 | ||
| P/OCF | 3.19 | ||
| P/B | 0.61 | ||
| P/tB | 0.83 | ||
| EV/EBITDA | 3.03 |
EPS(TTM)2.54
EY14.32%
EPS(NY)4.26
Fwd EY24.02%
FCF(TTM)2.04
FCFY11.5%
OCF(TTM)5.57
OCFY31.38%
SpS44
BVpS29.16
TBVpS21.47
PEG (NY)0.33
PEG (5Y)4.25
Graham Number40.82
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)10.45%
ROICexc(5y)9.86%
ROICexgc(3y)12.91%
ROICexgc(5y)12.2%
ROCE(3y)11.87%
ROCE(5y)10.97%
ROICexgc growth 3Y-1.17%
ROICexgc growth 5Y0.57%
ROICexc growth 3Y-1.78%
ROICexc growth 5Y0.45%
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 | 2.25 |
F-Score5
WACC6.3%
ROIC/WACC1.3
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 Y21.13%
EPS Next 2Y18.35%
EPS Next 3Y15.63%
EPS Next 5YN/A
Revenue 1Y (TTM)-3.62%
Revenue growth 3Y4.55%
Revenue growth 5Y2.41%
Sales Q2Q%-3.36%
Revenue Next Year-2%
Revenue Next 2Y0.2%
Revenue Next 3Y1.31%
Revenue Next 5Y2.47%
EBIT growth 1Y-17.5%
EBIT growth 3Y1.98%
EBIT growth 5Y1.14%
EBIT Next Year59.12%
EBIT Next 3Y22.78%
EBIT Next 5Y17.41%
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%
VANECK VIETNAM ETF / VNM FAQ
What does VNM do?
Compagnie Générale des Établissements Michelin SCA engages in the manufacture, distribution and sale of tires. The company is headquartered in Clermont-Ferrand, Auvergne-Rhone-Alpes and currently employs 127,500 full-time employees. The firm operates through three segments: Automotive, Road Transportation and Specialty Businesses. Automotive, which comprises the business lines Automotive business to customers (B2C) Global Brands, Automotive B2C Regional Brands, Automotive Original Equipment and Mobility Experiences. Road Transportation comprises the business lines Long Distance Transportation, Urban Transportation and Services & Solutions. Specialty Businesses comprises the business lines Mining, Off-Highway Transportation, Two-Wheel, Aircraft and High-Tech Materials. The company provides different kind of tires and related products and services through a dealership network. Its service offering includes truck driver assistance with Michelin Euro Assist, fleet tire advice, maintenance and management services and mobility assistance services, among others. Additionally, it provides branded lifestyle products and high-tech materials.
What is the stock price of VANECK VIETNAM ETF today?
The current stock price of VNM is 17.74 USD. The price decreased by -2.58% in the last trading session.
What is the ChartMill technical and fundamental rating of VNM stock?
VNM has a ChartMill Technical rating of 8 out of 10 and a ChartMill Fundamental rating of 6 out of 10.