VANECK AFRICA INDEX ETF (AFK) Stock Price, Forecast & Analysis
USA - NYSEARCA:AFK - US92189F8665 - ETF
24.62 USD
+0.17 (+0.7%)
Taking everything into account, AFK scores 6 out of 10 in our fundamental rating. AFK was compared to 82 industry peers in the Automobile Components industry. AFK has an average financial health and profitability rating. AFK is valued quite cheap, while showing a decent growth score. This is a good combination! AFK also has an excellent dividend rating. These ratings would make AFK suitable for value and dividend investing!
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.
AFK had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 4.39%, AFK is in the better half of the industry, outperforming 71.95% of the companies in the same industry.
The Return On Equity of AFK (8.81%) is better than 73.17% of its industry peers.
With a decent Return On Invested Capital value of 8.17%, AFK is doing good in the industry, outperforming 69.51% of the companies in the same industry.
AFK 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
With a decent Profit Margin value of 5.84%, AFK is doing good in the industry, outperforming 75.61% of the companies in the same industry.
AFK's Profit Margin has been stable in the last couple of years.
AFK's Operating Margin of 10.65% is fine compared to the rest of the industry. AFK outperforms 76.83% of its industry peers.
In the last couple of years the Operating Margin of AFK has remained more or less at the same level.
With a decent Gross Margin value of 27.60%, AFK is doing good in the industry, outperforming 68.29% of the companies in the same industry.
AFK'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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so AFK is still creating some value.
Compared to 1 year ago, AFK has less shares outstanding
AFK has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, AFK has a worse debt to assets ratio.
2.2 Solvency
AFK has an Altman-Z score of 2.38. 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.
The Altman-Z score of AFK (2.38) is comparable to the rest of the industry.
AFK has a debt to FCF ratio of 6.05. This is a slightly negative value and a sign of low solvency as AFK 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, AFK is in the better half of the industry, outperforming 63.41% of the companies in the same industry.
A Debt/Equity ratio of 0.32 indicates that AFK is not too dependend on debt financing.
AFK has a Debt to Equity ratio of 0.32. This is in the better half of the industry: AFK outperforms 63.41% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.32 | ||
| Debt/FCF | 6.05 | ||
| Altman-Z | 2.38 |
ROIC/WACC1.22
WACC6.67%
2.3 Liquidity
AFK has a Current Ratio of 1.80. This is a normal value and indicates that AFK is financially healthy and should not expect problems in meeting its short term obligations.
AFK has a Current ratio (1.80) which is in line with its industry peers.
AFK has a Quick Ratio of 1.12. This is a normal value and indicates that AFK is financially healthy and should not expect problems in meeting its short term obligations.
AFK has a Quick ratio (1.12) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.8 | ||
| Quick Ratio | 1.12 |
3. Growth
3.1 Past
AFK shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -18.28%.
Measured over the past 5 years, AFK shows a small growth in Earnings Per Share. The EPS has been growing by 1.64% on average per year.
Looking at the last year, AFK shows a decrease in Revenue. The Revenue has decreased by -3.62% 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)-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 11.26% on average over the next years. This is quite good.
AFK is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.85% yearly.
EPS Next Y0.74%
EPS Next 2Y8.86%
EPS Next 3Y11.26%
EPS Next 5YN/A
Revenue Next Year-4.87%
Revenue Next 2Y-1.29%
Revenue Next 3Y0.41%
Revenue Next 5Y2.85%
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 stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 9.69 indicates a reasonable valuation of AFK.
Based on the Price/Earnings ratio, AFK is valued a bit cheaper than the industry average as 78.05% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of AFK to the average of the S&P500 Index (26.34), we can say AFK is valued rather cheaply.
The Price/Forward Earnings ratio is 6.85, which indicates a rather cheap valuation of AFK.
Compared to the rest of the industry, the Price/Forward Earnings ratio of AFK indicates a rather cheap valuation: AFK is cheaper than 80.49% of the companies listed in the same industry.
AFK is valuated cheaply when we compare the Price/Forward Earnings ratio to 34.43, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.69 | ||
| Fwd PE | 6.85 |
4.2 Price Multiples
AFK's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. AFK is cheaper than 82.93% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of AFK indicates a somewhat cheap valuation: AFK is cheaper than 69.51% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.1 | ||
| EV/EBITDA | 3.82 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates AFK does not grow enough to justify the current Price/Earnings ratio.
The decent profitability rating of AFK may justify a higher PE ratio.
PEG (NY)13.11
PEG (5Y)5.9
EPS Next 2Y8.86%
EPS Next 3Y11.26%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.89%, AFK is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 4.29, AFK pays a bit more dividend than its industry peers.
AFK's Dividend Yield is rather good when compared to the S&P500 average which is at 2.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.89% |
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
5.3 Sustainability
AFK pays out 62.40% of its income as dividend. This is not a sustainable payout ratio.
AFK's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP62.4%
EPS Next 2Y8.86%
EPS Next 3Y11.26%
NYSEARCA:AFK (11/13/2025, 1:23:25 PM)
24.62
+0.17 (+0.7%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobile Components
Earnings (Last)
Earnings (Next)
Inst Owners46.28%
Inst Owner Change91.09%
Ins Owners0%
Ins Owner ChangeN/A
Market Cap17.38B
Revenue(TTM)26.74B
Net Income(TTM)1.56B
Analysts79.17
Price Target27.64 (12.27%)
Short Float %0%
Short Ratio0.54
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.89% |
Yearly Dividend1.56
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)-5.74%
PT rev (3m)6.14%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-16.83%
EPS NY rev (3m)-25.57%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-2.93%
Revenue NY rev (3m)-3.52%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.69 | ||
| Fwd PE | 6.85 | ||
| P/S | 0.56 | ||
| P/FCF | 12.1 | ||
| P/OCF | 4.44 | ||
| P/B | 0.85 | ||
| P/tB | 1.15 | ||
| EV/EBITDA | 3.82 |
EPS(TTM)2.54
EY10.32%
EPS(NY)3.59
Fwd EY14.6%
FCF(TTM)2.03
FCFY8.26%
OCF(TTM)5.55
OCFY22.54%
SpS43.86
BVpS29.07
TBVpS21.4
PEG (NY)13.11
PEG (5Y)5.9
Graham Number40.76
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 | 2.38 |
F-Score5
WACC6.67%
ROIC/WACC1.22
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 Y0.74%
EPS Next 2Y8.86%
EPS Next 3Y11.26%
EPS Next 5YN/A
Revenue 1Y (TTM)-3.62%
Revenue growth 3Y4.55%
Revenue growth 5Y2.41%
Sales Q2Q%-3.36%
Revenue Next Year-4.87%
Revenue Next 2Y-1.29%
Revenue Next 3Y0.41%
Revenue Next 5Y2.85%
EBIT growth 1Y-17.5%
EBIT growth 3Y1.98%
EBIT growth 5Y1.14%
EBIT Next Year59.12%
EBIT Next 3Y22.78%
EBIT Next 5Y17.06%
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 AFRICA INDEX ETF / AFK FAQ
What does VANECK AFRICA INDEX ETF 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.
Can you provide the latest stock price for VANECK AFRICA INDEX ETF?
The current stock price of AFK is 24.62 USD. The price increased by 0.7% in the last trading session.
How is the ChartMill rating for VANECK AFRICA INDEX ETF?
AFK has a ChartMill Technical rating of 9 out of 10 and a ChartMill Fundamental rating of 6 out of 10.