VANECK AFRICA INDEX ETF (AFK) Stock Overview
USA - NYSEARCA:AFK - US92189F8665 - ETF
24.4999 USD
-0.41 (-1.65%)
Overall AFK gets a fundamental rating of 6 out of 10. We evaluated AFK against 81 industry peers in the Automobile Components industry. Both the profitability and the financial health of AFK get a neutral evaluation. Nothing too spectacular is happening here. AFK scores decently on growth, while it is valued quite cheap. This could make an interesting combination. Finally AFK also has an excellent dividend rating. This makes AFK very considerable 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.
Each year in the past 5 years AFK had a positive operating cash flow.
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 71.60% of the companies in the same industry.
Looking at the Return On Equity, with a value of 8.81%, AFK is in the better half of the industry, outperforming 70.37% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 8.17%, AFK is in the better half of the industry, outperforming 69.14% 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 8.51%.
| 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
AFK has a Profit Margin of 5.84%. This is in the better half of the industry: AFK outperforms 75.31% of its industry peers.
AFK's Profit Margin has been stable in the last couple of years.
Looking at the Operating Margin, with a value of 10.65%, AFK is in the better half of the industry, outperforming 76.54% of the companies in the same industry.
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 (27.60%) is better than 67.90% of its industry peers.
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
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.
The number of shares outstanding for AFK has been reduced compared to 5 years ago.
AFK has a worse debt/assets ratio than last year.
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 61.73% of the companies in the same industry.
A Debt/Equity ratio of 0.32 indicates that AFK is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.32, AFK is in the better half of the industry, outperforming 64.20% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.32 | ||
| Debt/FCF | 6.05 | ||
| Altman-Z | 2.38 |
ROIC/WACC1.24
WACC6.6%
2.3 Liquidity
A Current Ratio of 1.80 indicates that AFK should not have too much problems paying its short term obligations.
With a Current ratio value of 1.80, AFK perfoms like the industry average, outperforming 53.09% of the companies in the same industry.
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
The earnings per share for AFK have decreased strongly by -18.28% in the last year.
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.
AFK shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.41% yearly.
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.
Based on estimates for the next years, AFK will show a small growth in Revenue. The Revenue will grow by 2.47% on average per year.
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
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 stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 9.61, the valuation of AFK can be described as very reasonable.
Based on the Price/Earnings ratio, AFK is valued a bit cheaper than 76.54% of the companies in the same industry.
AFK's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.70.
Based on the Price/Forward Earnings ratio of 5.74, the valuation of AFK can be described as very cheap.
82.72% of the companies in the same industry are more expensive than AFK, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 23.15. AFK is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.61 | ||
| Fwd PE | 5.74 |
4.2 Price Multiples
AFK's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. AFK is cheaper than 82.72% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, AFK is valued a bit cheaper than the industry average as 67.90% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.99 | ||
| EV/EBITDA | 3.87 |
4.3 Compensation for Growth
The 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 15.63% in the coming years.
PEG (NY)0.45
PEG (5Y)5.85
EPS Next 2Y18.35%
EPS Next 3Y15.63%
5. Dividend
5.1 Amount
AFK has a Yearly Dividend Yield of 4.41%, which is a nice return.
Compared to an average industry Dividend Yield of 3.93, AFK pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.44, AFK pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.41% |
5.2 History
On average, the dividend of AFK grows each year by 7.84%, which is quite nice.
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
62.40% of the earnings are spent on dividend by AFK. This is not a sustainable payout ratio.
The dividend of AFK is growing, but earnings are growing more, so the dividend growth is sustainable.
DP62.4%
EPS Next 2Y18.35%
EPS Next 3Y15.63%
NYSEARCA:AFK (10/9/2025, 6:40:02 PM)
24.4999
-0.41 (-1.65%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobile Components
Earnings (Last)
Earnings (Next)
Inst Owners46.28%
Inst Owner Change0%
Ins Owners0%
Ins Owner ChangeN/A
Market Cap17.29B
Analysts80
Price Target29.33 (19.71%)
Short Float %0%
Short Ratio0.75
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.41% |
Yearly Dividend1.59
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)18.07%
PT rev (3m)37.42%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-1.32%
EPS NY rev (3m)-10.51%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.37%
Revenue NY rev (3m)-2.81%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.61 | ||
| Fwd PE | 5.74 | ||
| P/S | 0.56 | ||
| P/FCF | 11.99 | ||
| P/OCF | 4.4 | ||
| P/B | 0.84 | ||
| P/tB | 1.14 | ||
| EV/EBITDA | 3.87 |
EPS(TTM)2.55
EY10.41%
EPS(NY)4.27
Fwd EY17.41%
FCF(TTM)2.04
FCFY8.34%
OCF(TTM)5.57
OCFY22.75%
SpS44.05
BVpS29.2
TBVpS21.49
PEG (NY)0.45
PEG (5Y)5.85
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)10.37%
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 Turnover0.75
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
WACC6.6%
ROIC/WACC1.24
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%