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VANECK AFRICA INDEX ETF (AFK) Stock Price, Quote, News and Overview

NYSEARCA:AFK - NYSE Arca - US92189F8665 - ETF - Currency: USD

19.3  -0.08 (-0.41%)

Fundamental Rating

6

Overall AFK gets a fundamental rating of 6 out of 10. We evaluated AFK against 81 industry peers in the Automobile Components industry. AFK scores excellent on profitability, but there are some minor concerns on its financial health. AFK is valued quite cheap, while showing a decent growth score. This is a good combination! Finally AFK also has an excellent dividend rating. With these ratings, AFK could be worth investigating further for value and dividend investing!.


Dividend Valuation Growth Profitability Health

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7

1. Profitability

1.1 Basic Checks

AFK had positive earnings in the past year.
In the past year AFK had a positive cash flow from operations.
In the past 5 years AFK has always been profitable.
Each year in the past 5 years AFK had a positive operating cash flow.
AFK Yearly Net Income VS EBIT VS OCF VS FCFAFK 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 2024 0 1B 2B 3B 4B 5B

1.2 Ratios

Looking at the Return On Assets, with a value of 5.04%, AFK is in the better half of the industry, outperforming 79.01% of the companies in the same industry.
AFK has a better Return On Equity (10.12%) than 77.78% of its industry peers.
The Return On Invested Capital of AFK (8.73%) is better than 77.78% of its industry peers.
The Average Return On Invested Capital over the past 3 years for AFK is in line with the industry average of 9.04%.
Industry RankSector 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%
AFK Yearly ROA, ROE, ROICAFK Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15

1.3 Margins

AFK has a better Profit Margin (6.93%) than 81.48% of its industry peers.
In the last couple of years the Profit Margin of AFK has remained more or less at the same level.
The Operating Margin of AFK (11.72%) is better than 83.95% of its industry peers.
In the last couple of years the Operating Margin of AFK has remained more or less at the same level.
The Gross Margin of AFK (28.49%) is better than 76.54% of its industry peers.
AFK's Gross Margin has been stable in the last couple of years.
Industry RankSector 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%
AFK Yearly Profit, Operating, Gross MarginsAFK Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30

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6

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), AFK is creating some value.
AFK has less shares outstanding than it did 1 year ago.
AFK has less shares outstanding than it did 5 years ago.
The debt/assets ratio for AFK is higher compared to a year ago.
AFK Yearly Shares OutstandingAFK Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M
AFK Yearly Total Debt VS Total AssetsAFK Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10B 20B 30B

2.2 Solvency

AFK has an Altman-Z score of 2.21. This is not the best score and indicates that AFK is in the grey zone with still only limited risk for bankruptcy at the moment.
AFK's Altman-Z score of 2.21 is on the low side compared to the rest of the industry. AFK is outperformed by 64.20% of its industry peers.
The Debt to FCF ratio of AFK is 3.42, which is a good value as it means it would take AFK, 3.42 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of AFK (3.42) is better than 81.48% of its industry peers.
A Debt/Equity ratio of 0.31 indicates that AFK is not too dependend on debt financing.
The Debt to Equity ratio of AFK (0.31) is better than 74.07% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.31
Debt/FCF 3.42
Altman-Z 2.21
ROIC/WACC1.43
WACC6.11%
AFK Yearly LT Debt VS Equity VS FCFAFK Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5B 10B 15B

2.3 Liquidity

A Current Ratio of 1.76 indicates that AFK should not have too much problems paying its short term obligations.
AFK's Current ratio of 1.76 is in line compared to the rest of the industry. AFK outperforms 59.26% of its industry peers.
AFK has a Quick Ratio of 1.11. This is a normal value and indicates that AFK is financially healthy and should not expect problems in meeting its short term obligations.
AFK's Quick ratio of 1.11 is in line compared to the rest of the industry. AFK outperforms 59.26% of its industry peers.
Industry RankSector Rank
Current Ratio 1.76
Quick Ratio 1.11
AFK Yearly Current Assets VS Current LiabilitesAFK Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B

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4

3. Growth

3.1 Past

AFK shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -5.42%.
The Earnings Per Share has been growing slightly by 1.64% on average over the past years.
Looking at the last year, AFK shows a decrease in Revenue. The Revenue has decreased by -4.06% in the last year.
Measured over the past years, AFK shows a small growth in Revenue. The Revenue has been growing by 2.41% on average per year.
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.
The Revenue is expected to grow by 3.22% on average over the next years.
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 5Y3.22%

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 accelerating: in the next years the growth will be better than in the last years.
AFK Yearly Revenue VS EstimatesAFK Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 10B 20B 30B
AFK Yearly EPS VS EstimatesAFK Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 1 2 3 4

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9

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 6.45, which indicates a rather cheap valuation of AFK.
Based on the Price/Earnings ratio, AFK is valued cheaply inside the industry as 90.12% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 26.29. AFK is valued rather cheaply when compared to this.
A Price/Forward Earnings ratio of 4.77 indicates a rather cheap valuation of AFK.
Based on the Price/Forward Earnings ratio, AFK is valued cheaper than 91.36% of the companies in the same industry.
AFK is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.17, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 6.45
Fwd PE 4.77
AFK Price Earnings VS Forward Price EarningsAFK Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

90.12% of the companies in the same industry are more expensive than AFK, based on the Enterprise Value to EBITDA ratio.
86.42% of the companies in the same industry are more expensive than AFK, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 5.54
EV/EBITDA 2.77
AFK Per share dataAFK EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40

4.3 Compensation for Growth

AFK's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The decent profitability rating of AFK may justify a higher PE ratio.
A more expensive valuation may be justified as AFK's earnings are expected to grow with 17.51% in the coming years.
PEG (NY)0.18
PEG (5Y)3.93
EPS Next 2Y23.07%
EPS Next 3Y17.51%

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7

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 4.07%, AFK is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 4.14, AFK has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.38, AFK pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.07%

5.2 History

The dividend of AFK is nicely growing with an annual growth rate of 7.84%!
AFK 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
AFK Yearly Dividends per shareAFK Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 0.2 0.4 0.6 0.8 1

5.3 Sustainability

51.01% of the earnings are spent on dividend by AFK. This is a bit on the high side, but may be sustainable.
AFK's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP51.01%
EPS Next 2Y23.07%
EPS Next 3Y17.51%
AFK Yearly Income VS Free CF VS DividendAFK Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B 3B
AFK Dividend Payout.AFK Dividend Payout, showing the Payout Ratio.AFK Dividend Payout.PayoutRetained Earnings

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VANECK AFRICA INDEX ETF

NYSEARCA:AFK (6/3/2025, 11:38:52 AM)

19.3

-0.08 (-0.41%)

Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobile Components
Earnings (Last)04-24 2025-04-24
Earnings (Next)07-24 2025-07-24
Inst Owners39.74%
Inst Owner Change-34.13%
Ins Owners0%
Ins Owner ChangeN/A
Market Cap13.62B
Analysts77.6
Price Target20.66 (7.05%)
Short Float %0%
Short Ratio0.31
Dividend
Industry RankSector Rank
Dividend Yield 4.07%
Yearly Dividend1.53
Dividend Growth(5Y)7.84%
DP51.01%
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)-5.29%
PT rev (3m)13.71%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-1.22%
Revenue NY rev (3m)N/A
Valuation
Industry RankSector Rank
PE 6.45
Fwd PE 4.77
P/S 0.44
P/FCF 5.54
P/OCF 2.75
P/B 0.64
P/tB 0.87
EV/EBITDA 2.77
EPS(TTM)2.99
EY15.49%
EPS(NY)4.05
Fwd EY20.98%
FCF(TTM)3.49
FCFY18.06%
OCF(TTM)7.02
OCFY36.35%
SpS44
BVpS30.14
TBVpS22.13
PEG (NY)0.18
PEG (5Y)3.93
Profitability
Industry RankSector 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 RankSector 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 2.21
F-Score5
WACC6.11%
ROIC/WACC1.43
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 5Y3.22%
EBIT growth 1Y-7.52%
EBIT growth 3Y1.98%
EBIT growth 5Y1.14%
EBIT Next Year66.93%
EBIT Next 3Y23.28%
EBIT Next 5Y17.57%
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%