18.65 USD
-0.07 (-0.37%)
18.59 USD
-0.06 (-0.32%)
VNM gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 82 industry peers in the Automobile Components industry. While VNM belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. VNM may be a bit undervalued, certainly considering the very reasonable score on growth VNM also has an excellent dividend rating. This makes VNM very considerable for value and dividend investing!
1. Profitability
1.1 Basic Checks
VNM had positive earnings in the past year.
VNM had a positive operating cash flow in the past year.
VNM had positive earnings in each of the past 5 years.
Each year in the past 5 years VNM had a positive operating cash flow.
1.2 Ratios
VNM's Return On Assets of 4.39% is amongst the best of the industry. VNM outperforms 80.49% of its industry peers.
VNM has a Return On Equity of 8.81%. This is amongst the best in the industry. VNM outperforms 81.71% of its industry peers.
VNM has a Return On Invested Capital of 8.17%. This is in the better half of the industry: VNM outperforms 79.27% of its industry peers.
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 8.62%.
| 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
With an excellent Profit Margin value of 5.84%, VNM belongs to the best of the industry, outperforming 84.15% of the companies in the same industry.
In the last couple of years the Profit Margin of VNM has remained more or less at the same level.
VNM has a better Operating Margin (10.65%) than 85.37% of its industry peers.
VNM's Operating Margin has been stable in the last couple of years.
With a decent Gross Margin value of 27.60%, VNM is doing good in the industry, outperforming 76.83% of the companies in the same industry.
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.
VNM has less shares outstanding than it did 1 year ago.
VNM has less shares outstanding than it did 5 years ago.
VNM has a worse debt/assets ratio than last year.
2.2 Solvency
VNM has an Altman-Z score of 2.26. This is not the best score and indicates that VNM is in the grey zone with still only limited risk for bankruptcy at the moment.
VNM has a worse Altman-Z score (2.26) than 63.41% 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.
Looking at the Debt to FCF ratio, with a value of 6.05, VNM is in the better half of the industry, outperforming 73.17% of the companies in the same industry.
A Debt/Equity ratio of 0.32 indicates that VNM is not too dependend on debt financing.
VNM has a better Debt to Equity ratio (0.32) than 71.95% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.32 | ||
| Debt/FCF | 6.05 | ||
| Altman-Z | 2.26 |
ROIC/WACC1.29
WACC6.32%
2.3 Liquidity
A Current Ratio of 1.80 indicates that VNM should not have too much problems paying its short term obligations.
The Current ratio of VNM (1.80) is better than 63.41% of its industry peers.
A Quick Ratio of 1.12 indicates that VNM should not have too much problems paying its short term obligations.
VNM's Quick ratio of 1.12 is fine compared to the rest of the industry. VNM outperforms 62.20% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.8 | ||
| Quick Ratio | 1.12 |
3. Growth
3.1 Past
The earnings per share for VNM have decreased strongly by -18.28% in the last year.
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%.
Measured over the past years, VNM shows a small growth in Revenue. The Revenue has been growing by 2.41% on average per year.
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 11.17% on average over the next years. This is quite good.
Based on estimates for the next years, VNM will show a small growth in Revenue. The Revenue will grow by 3.23% on average per year.
EPS Next Y0.52%
EPS Next 2Y8.73%
EPS Next 3Y11.17%
EPS Next 5YN/A
Revenue Next Year-4.91%
Revenue Next 2Y-1.32%
Revenue Next 3Y0.38%
Revenue Next 5Y3.23%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
VNM is valuated cheaply with a Price/Earnings ratio of 7.31.
Based on the Price/Earnings ratio, VNM is valued cheaply inside the industry as 90.24% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of VNM to the average of the S&P500 Index (26.29), we can say VNM is valued rather cheaply.
With a Price/Forward Earnings ratio of 5.17, the valuation of VNM can be described as very cheap.
Compared to the rest of the industry, the Price/Forward Earnings ratio of VNM indicates a rather cheap valuation: VNM is cheaper than 91.46% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.51, VNM is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.31 | ||
| Fwd PE | 5.17 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, VNM is valued cheaper than 91.46% of the companies in the same industry.
78.05% 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 | 9.18 | ||
| EV/EBITDA | 3.1 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
VNM has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)14.2
PEG (5Y)4.45
EPS Next 2Y8.73%
EPS Next 3Y11.17%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.93%, VNM is a good candidate for dividend investing.
VNM's Dividend Yield is a higher than the industry average which is at 4.32.
Compared to an average S&P500 Dividend Yield of 2.31, VNM pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.93% |
5.2 History
On average, the dividend of VNM grows each year by 7.84%, which is quite nice.
VNM 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
5.3 Sustainability
62.40% of the earnings are spent on dividend by VNM. 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 2Y8.73%
EPS Next 3Y11.17%
18.65
-0.07 (-0.37%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobile Components
Earnings (Last)
Earnings (Next)
Inst Owners46.46%
Inst Owner Change-14.23%
Ins Owners0%
Ins Owner ChangeN/A
Market Cap13.25B
Revenue(TTM)26.74B
Net Income(TTM)1.56B
Analysts78.33
Price Target21.5 (15.28%)
Short Float %0.28%
Short Ratio2.05
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.93% |
Yearly Dividend1.58
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)3.29%
PT rev (3m)5.23%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-0.22%
EPS NY rev (3m)-18.12%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.05%
Revenue NY rev (3m)-3.33%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.31 | ||
| Fwd PE | 5.17 | ||
| P/S | 0.43 | ||
| P/FCF | 9.18 | ||
| P/OCF | 3.37 | ||
| P/B | 0.64 | ||
| P/tB | 0.87 | ||
| EV/EBITDA | 3.1 |
EPS(TTM)2.55
EY13.67%
EPS(NY)3.6
Fwd EY19.33%
FCF(TTM)2.03
FCFY10.89%
OCF(TTM)5.54
OCFY29.71%
SpS43.8
BVpS29.03
TBVpS21.37
PEG (NY)14.2
PEG (5Y)4.45
Graham Number40.81
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 | 2.26 |
F-Score5
WACC6.32%
ROIC/WACC1.29
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 Y0.52%
EPS Next 2Y8.73%
EPS Next 3Y11.17%
EPS Next 5YN/A
Revenue 1Y (TTM)-3.62%
Revenue growth 3Y4.55%
Revenue growth 5Y2.41%
Sales Q2Q%-3.36%
Revenue Next Year-4.91%
Revenue Next 2Y-1.32%
Revenue Next 3Y0.38%
Revenue Next 5Y3.23%
EBIT growth 1Y-17.5%
EBIT growth 3Y1.98%
EBIT growth 5Y1.14%
EBIT Next Year41.54%
EBIT Next 3Y18.8%
EBIT Next 5Y16.72%
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 18.65 USD. The price decreased by -0.37% in the last trading session.
What is the ChartMill technical and fundamental rating of VNM stock?
VNM has a ChartMill Technical rating of 10 out of 10 and a ChartMill Fundamental rating of 6 out of 10.