VANECK CHINA BOND ETF (CBON) Stock Overview
USA - NYSEARCA:CBON - US92189F3799 - ETF
22.345 USD
-0.02 (-0.07%)
CBON gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 81 industry peers in the Automobile Components industry. CBON scores excellent on profitability, but there are some minor concerns on its financial health. CBON may be a bit undervalued, certainly considering the very reasonable score on growth 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.
CBON had a positive operating cash flow in the past year.
Each year in the past 5 years CBON has been profitable.
Each year in the past 5 years CBON had a positive operating cash flow.
1.2 Ratios
CBON has a Return On Assets of 4.39%. This is in the better half of the industry: CBON outperforms 75.31% of its industry peers.
The Return On Equity of CBON (8.81%) is better than 74.07% of its industry peers.
Looking at the Return On Invested Capital, with a value of 8.17%, CBON is in the better half of the industry, outperforming 72.84% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for CBON 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
CBON has a better Profit Margin (5.84%) than 79.01% of its industry peers.
In the last couple of years the Profit Margin of CBON has remained more or less at the same level.
Looking at the Operating Margin, with a value of 10.65%, CBON belongs to the top of the industry, outperforming 80.25% of the companies in the same industry.
CBON's Operating Margin has been stable in the last couple of years.
The Gross Margin of CBON (27.60%) is better than 71.60% 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
CBON has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
CBON has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, CBON has less shares outstanding
CBON has a worse debt/assets ratio than last year.
2.2 Solvency
CBON has an Altman-Z score of 2.33. 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.
The Altman-Z score of CBON (2.33) is comparable to the rest of the industry.
The Debt to FCF ratio of CBON is 6.05, which is on the high side as it means it would take CBON, 6.05 years of fcf income to pay off all of its debts.
CBON has a better Debt to FCF ratio (6.05) than 65.43% of its industry peers.
A Debt/Equity ratio of 0.32 indicates that CBON is not too dependend on debt financing.
CBON has a Debt to Equity ratio of 0.32. This is in the better half of the industry: CBON outperforms 67.90% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.32 | ||
| Debt/FCF | 6.05 | ||
| Altman-Z | 2.33 |
ROIC/WACC1.26
WACC6.5%
2.3 Liquidity
A Current Ratio of 1.80 indicates that CBON should not have too much problems paying its short term obligations.
CBON has a Current ratio of 1.80. This is comparable to the rest of the industry: CBON outperforms 56.79% of its industry peers.
CBON has a Quick Ratio of 1.12. This is a normal value and indicates that CBON is financially healthy and should not expect problems in meeting its short term obligations.
With a Quick ratio value of 1.12, CBON perfoms like the industry average, outperforming 55.56% of the companies in the same industry.
| 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%.
Measured over the past 5 years, CBON 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, CBON shows a decrease in Revenue. The Revenue has decreased by -3.62% in the last year.
CBON 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, CBON 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
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 8.80, the valuation of CBON can be described as reasonable.
82.72% 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 27.02, CBON is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 5.24, the valuation of CBON can be described as very cheap.
86.42% of the companies in the same industry are more expensive than CBON, based on the Price/Forward Earnings ratio.
CBON's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.57.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.8 | ||
| Fwd PE | 5.24 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, CBON is valued cheaply inside the industry as 86.42% of the companies are valued more expensively.
CBON's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. CBON is cheaper than 72.84% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.95 | ||
| EV/EBITDA | 3.55 |
4.3 Compensation for Growth
CBON'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 CBON may justify a higher PE ratio.
CBON's earnings are expected to grow with 15.63% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.42
PEG (5Y)5.35
EPS Next 2Y18.35%
EPS Next 3Y15.63%
5. Dividend
5.1 Amount
CBON has a Yearly Dividend Yield of 4.65%, which is a nice return.
Compared to an average industry Dividend Yield of 4.12, CBON pays a bit more dividend than its industry peers.
CBON's Dividend Yield is rather good when compared to the S&P500 average which is at 2.43.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.65% |
5.2 History
On average, the dividend of CBON grows each year by 7.84%, which is quite nice.
CBON 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
CBON pays out 62.40% of its income as dividend. This is not a sustainable payout ratio.
CBON's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP62.4%
EPS Next 2Y18.35%
EPS Next 3Y15.63%
NYSEARCA:CBON (10/10/2025, 9:14:18 PM)
22.345
-0.02 (-0.07%)
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 Cap15.77B
Analysts80
Price Target27.27 (22.04%)
Short Float %0%
Short Ratio0.09
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.65% |
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)6.41%
PT rev (3m)8.61%
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 | 8.8 | ||
| Fwd PE | 5.24 | ||
| P/S | 0.51 | ||
| P/FCF | 10.95 | ||
| P/OCF | 4.01 | ||
| P/B | 0.77 | ||
| P/tB | 1.04 | ||
| EV/EBITDA | 3.55 |
EPS(TTM)2.54
EY11.37%
EPS(NY)4.26
Fwd EY19.07%
FCF(TTM)2.04
FCFY9.13%
OCF(TTM)5.57
OCFY24.91%
SpS43.99
BVpS29.16
TBVpS21.46
PEG (NY)0.42
PEG (5Y)5.35
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 | 2.33 |
F-Score5
WACC6.5%
ROIC/WACC1.26
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%