VANECK CHINA BOND ETF (CBON) Stock Price, Forecast & Analysis
USA - NYSEARCA:CBON - US92189F3799 - ETF
22.455 USD
0 (0%)
CBON gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 82 industry peers in the Automobile Components industry. CBON has an excellent profitability rating, but there are some minor concerns on its financial health. A decent growth rate in combination with a cheap valuation! Better keep an eye on CBON. Finally CBON also has an excellent dividend rating. These ratings would make CBON suitable for value and dividend investing!
1. Profitability
1.1 Basic Checks
In the past year CBON was profitable.
In the past year CBON had a positive cash flow from operations.
CBON had positive earnings in each of the past 5 years.
Each year in the past 5 years CBON had a positive operating cash flow.
1.2 Ratios
CBON's Return On Assets of 4.39% is fine compared to the rest of the industry. CBON outperforms 75.61% of its industry peers.
The Return On Equity of CBON (8.81%) is better than 76.83% of its industry peers.
With a decent Return On Invested Capital value of 8.17%, CBON is doing good in the industry, outperforming 73.17% of the companies in the same industry.
CBON had an Average Return On Invested Capital over the past 3 years of 9.25%. This is in line with the industry average of 8.54%.
| 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
CBON has a Profit Margin of 5.84%. This is in the better half of the industry: CBON outperforms 79.27% of its industry peers.
CBON's Profit Margin has been stable in the last couple of years.
CBON has a better Operating Margin (10.65%) than 80.49% of its industry peers.
CBON's Operating Margin has been stable in the last couple of years.
CBON has a better Gross Margin (27.60%) than 71.95% of its industry peers.
In the last couple of years the Gross Margin of CBON has remained more or less at the same level.
| 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 CBON is still creating some value.
CBON has less shares outstanding than it did 1 year ago.
CBON has less shares outstanding than it did 5 years ago.
CBON has a worse debt/assets ratio than last year.
2.2 Solvency
CBON has an Altman-Z score of 2.34. This is not the best score and indicates that CBON is in the grey zone with still only limited risk for bankruptcy at the moment.
CBON's Altman-Z score of 2.34 is in line compared to the rest of the industry. CBON outperforms 42.68% of its industry peers.
CBON has a debt to FCF ratio of 6.05. This is a slightly negative value and a sign of low solvency as CBON would need 6.05 years to pay back of all of its debts.
CBON's Debt to FCF ratio of 6.05 is fine compared to the rest of the industry. CBON outperforms 67.07% of its industry peers.
A Debt/Equity ratio of 0.32 indicates that CBON is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.32, CBON is in the better half of the industry, outperforming 67.07% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.32 | ||
| Debt/FCF | 6.05 | ||
| Altman-Z | 2.34 |
ROIC/WACC1.24
WACC6.57%
2.3 Liquidity
A Current Ratio of 1.80 indicates that CBON should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.80, CBON is in line with its industry, outperforming 58.54% of the companies in the same industry.
A Quick Ratio of 1.12 indicates that CBON should not have too much problems paying its short term obligations.
CBON 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
CBON shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -18.28%.
CBON shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 1.64% yearly.
CBON shows a decrease in Revenue. In the last year, the revenue decreased by -3.62%.
Measured over the past years, CBON 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
Based on estimates for the next years, CBON will show a quite strong growth in Earnings Per Share. The EPS will grow by 11.26% on average per year.
CBON 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 8.88 indicates a reasonable valuation of CBON.
85.37% of the companies in the same industry are more expensive than CBON, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 26.06, CBON is valued rather cheaply.
With a Price/Forward Earnings ratio of 6.26, the valuation of CBON can be described as very cheap.
Based on the Price/Forward Earnings ratio, CBON is valued cheaply inside the industry as 86.59% of the companies are valued more expensively.
The average S&P500 Price/Forward Earnings ratio is at 32.73. CBON is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.88 | ||
| Fwd PE | 6.26 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, CBON is valued cheaper than 86.59% of the companies in the same industry.
73.17% of the companies in the same industry are more expensive than CBON, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.05 | ||
| EV/EBITDA | 3.58 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates CBON does not grow enough to justify the current Price/Earnings ratio.
CBON has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)12
PEG (5Y)5.4
EPS Next 2Y8.86%
EPS Next 3Y11.26%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.89%, CBON is a good candidate for dividend investing.
CBON's Dividend Yield is a higher than the industry average which is at 4.29.
Compared to an average S&P500 Dividend Yield of 2.37, CBON pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.89% |
5.2 History
The dividend of CBON is nicely growing with an annual growth rate of 7.84%!
CBON 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
62.40% of the earnings are spent on dividend by CBON. This is not a sustainable payout ratio.
The dividend of CBON is growing, but earnings are growing more, so the dividend growth is sustainable.
DP62.4%
EPS Next 2Y8.86%
EPS Next 3Y11.26%
NYSEARCA:CBON (11/7/2025, 8:04:00 PM)
22.455
0 (0%)
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 Cap15.85B
Revenue(TTM)26.74B
Net Income(TTM)1.56B
Analysts79.17
Price Target25.72 (14.54%)
Short Float %0%
Short Ratio0.32
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-Date
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)-5.67%
PT rev (3m)-5.87%
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 | 8.88 | ||
| Fwd PE | 6.26 | ||
| P/S | 0.51 | ||
| P/FCF | 11.05 | ||
| P/OCF | 4.05 | ||
| P/B | 0.77 | ||
| P/tB | 1.05 | ||
| EV/EBITDA | 3.58 |
EPS(TTM)2.53
EY11.27%
EPS(NY)3.59
Fwd EY15.99%
FCF(TTM)2.03
FCFY9.05%
OCF(TTM)5.54
OCFY24.68%
SpS43.8
BVpS29.03
TBVpS21.37
PEG (NY)12
PEG (5Y)5.4
Graham Number40.65
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 | 2.34 |
F-Score5
WACC6.57%
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 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 CHINA BOND ETF / CBON FAQ
Can you describe the business of VANECK CHINA BOND ETF?
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 CHINA BOND ETF?
The current stock price of CBON is 22.455 USD.
What is the ChartMill technical and fundamental rating of CBON stock?
CBON has a ChartMill Technical rating of 7 out of 10 and a ChartMill Fundamental rating of 6 out of 10.