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VANECK INDIA GROWTH LEADERS (GLIN) Stock Price, Forecast & Analysis

USA - NYSE Arca - NYSEARCA:GLIN - US92189F7675 - ETF

45.8697 USD
-0.24 (-0.51%)
Last: 12/2/2025, 6:40:00 PM
Fundamental Rating

5

Taking everything into account, GLIN scores 5 out of 10 in our fundamental rating. GLIN was compared to 82 industry peers in the Automobile Components industry. Both the profitability and the financial health of GLIN get a neutral evaluation. Nothing too spectacular is happening here. GLIN has a decent growth rate and is not valued too expensively. Finally GLIN also has an excellent dividend rating. These ratings could make GLIN a good candidate for dividend investing.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

GLIN had positive earnings in the past year.
GLIN had a positive operating cash flow in the past year.
Each year in the past 5 years GLIN has been profitable.
In the past 5 years GLIN always reported a positive cash flow from operatings.
GLIN Yearly Net Income VS EBIT VS OCF VS FCFGLIN 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

GLIN has a Return On Assets of 4.39%. This is comparable to the rest of the industry: GLIN outperforms 59.76% of its industry peers.
GLIN has a better Return On Equity (8.81%) than 60.98% of its industry peers.
GLIN has a Return On Invested Capital (8.17%) which is in line with its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for GLIN is in line with the industry average of 8.52%.
Industry RankSector 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%
GLIN Yearly ROA, ROE, ROICGLIN Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15

1.3 Margins

GLIN has a Profit Margin of 5.84%. This is in the better half of the industry: GLIN outperforms 63.41% of its industry peers.
GLIN's Profit Margin has been stable in the last couple of years.
GLIN's Operating Margin of 10.65% is fine compared to the rest of the industry. GLIN outperforms 64.63% of its industry peers.
In the last couple of years the Operating Margin of GLIN has remained more or less at the same level.
GLIN's Gross Margin of 27.60% is in line compared to the rest of the industry. GLIN outperforms 56.10% of its industry peers.
In the last couple of years the Gross Margin of GLIN has remained more or less at the same level.
Industry RankSector 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%
GLIN Yearly Profit, Operating, Gross MarginsGLIN Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30

5

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), GLIN is creating some value.
The number of shares outstanding for GLIN has been reduced compared to 1 year ago.
The number of shares outstanding for GLIN has been reduced compared to 5 years ago.
Compared to 1 year ago, GLIN has a worse debt to assets ratio.
GLIN Yearly Shares OutstandingGLIN Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M
GLIN Yearly Total Debt VS Total AssetsGLIN 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

An Altman-Z score of 2.82 indicates that GLIN is not a great score, but indicates only limited risk for bankruptcy at the moment.
GLIN has a Altman-Z score of 2.82. This is in the better half of the industry: GLIN outperforms 62.20% of its industry peers.
GLIN has a debt to FCF ratio of 6.05. This is a slightly negative value and a sign of low solvency as GLIN would need 6.05 years to pay back of all of its debts.
The Debt to FCF ratio of GLIN (6.05) is comparable to the rest of the industry.
A Debt/Equity ratio of 0.32 indicates that GLIN is not too dependend on debt financing.
GLIN has a Debt to Equity ratio of 0.32. This is comparable to the rest of the industry: GLIN outperforms 51.22% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.32
Debt/FCF 6.05
Altman-Z 2.82
ROIC/WACC1.14
WACC7.19%
GLIN Yearly LT Debt VS Equity VS FCFGLIN 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 1.80 indicates that GLIN should not have too much problems paying its short term obligations.
The Current ratio of GLIN (1.80) is comparable to the rest of the industry.
A Quick Ratio of 1.12 indicates that GLIN should not have too much problems paying its short term obligations.
GLIN has a Quick ratio (1.12) which is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 1.8
Quick Ratio 1.12
GLIN Yearly Current Assets VS Current LiabilitesGLIN Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B

4

3. Growth

3.1 Past

GLIN 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, GLIN shows a small growth in Earnings Per Share. The EPS has been growing by 1.64% on average per year.
The Revenue has decreased by -3.62% in the past year.
The Revenue has been growing slightly by 2.41% on average over the past years.
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, GLIN will show a quite strong growth in Earnings Per Share. The EPS will grow by 11.26% on average per year.
The Revenue is expected to grow by 3.23% on average over the next years.
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 5Y3.23%

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 accelerating: in the next years the growth will be better than in the last years.
GLIN Yearly Revenue VS EstimatesGLIN 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
GLIN Yearly EPS VS EstimatesGLIN 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

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 17.99, which indicates a rather expensive current valuation of GLIN.
Compared to the rest of the industry, the Price/Earnings ratio of GLIN is on the same level as its industry peers.
GLIN is valuated rather cheaply when we compare the Price/Earnings ratio to 26.15, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 12.68, which indicates a correct valuation of GLIN.
The rest of the industry has a similar Price/Forward Earnings ratio as GLIN.
When comparing the Price/Forward Earnings ratio of GLIN to the average of the S&P500 Index (36.22), we can say GLIN is valued rather cheaply.
Industry RankSector Rank
PE 17.99
Fwd PE 12.68
GLIN Price Earnings VS Forward Price EarningsGLIN Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

The rest of the industry has a similar Enterprise Value to EBITDA ratio as GLIN.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of GLIN is on the same level as its industry peers.
Industry RankSector Rank
P/FCF 22.57
EV/EBITDA 6.56
GLIN Per share dataGLIN EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
GLIN has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)24.32
PEG (5Y)10.95
EPS Next 2Y8.86%
EPS Next 3Y11.26%

7

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 4.88%, GLIN is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 4.29, GLIN pays a better dividend. On top of this GLIN pays more dividend than 82.93% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.32, GLIN pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.88%

5.2 History

On average, the dividend of GLIN grows each year by 7.84%, which is quite nice.
GLIN has paid a dividend for at least 10 years, which is a reliable track record.
GLIN has decreased its dividend recently.
Dividend Growth(5Y)7.84%
Div Incr Years1
Div Non Decr Years1
GLIN Yearly Dividends per shareGLIN Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2022 2023 2024 0.5 1 1.5

5.3 Sustainability

62.40% of the earnings are spent on dividend by GLIN. This is not a sustainable payout ratio.
GLIN's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP62.4%
EPS Next 2Y8.86%
EPS Next 3Y11.26%
GLIN Yearly Income VS Free CF VS DividendGLIN 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
GLIN Dividend Payout.GLIN Dividend Payout, showing the Payout Ratio.GLIN Dividend Payout.PayoutRetained Earnings

VANECK INDIA GROWTH LEADERS

NYSEARCA:GLIN (12/2/2025, 6:40:00 PM)

45.8697

-0.24 (-0.51%)

Chartmill FA Rating
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobile Components
Earnings (Last)07-24 2025-07-24/amc
Earnings (Next)02-22 2026-02-22/amc
Inst Owners46.28%
Inst Owner ChangeN/A
Ins Owners0%
Ins Owner ChangeN/A
Market Cap32.59B
Revenue(TTM)26.74B
Net Income(TTM)1.56B
Analysts79.17
Price Target53.03 (15.61%)
Short Float %0%
Short Ratio0.79
Dividend
Industry RankSector Rank
Dividend Yield 4.88%
Yearly Dividend1.56
Dividend Growth(5Y)7.84%
DP62.4%
Div Incr Years1
Div Non Decr Years1
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)-2.88%
PT rev (3m)1.04%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-16.83%
EPS NY rev (3m)-17.93%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-2.93%
Revenue NY rev (3m)-3.29%
Valuation
Industry RankSector Rank
PE 17.99
Fwd PE 12.68
P/S 1.05
P/FCF 22.57
P/OCF 8.27
P/B 1.58
P/tB 2.15
EV/EBITDA 6.56
EPS(TTM)2.55
EY5.56%
EPS(NY)3.62
Fwd EY7.88%
FCF(TTM)2.03
FCFY4.43%
OCF(TTM)5.55
OCFY12.09%
SpS43.83
BVpS29.05
TBVpS21.38
PEG (NY)24.32
PEG (5Y)10.95
Graham Number40.83
Profitability
Industry RankSector 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 RankSector 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 2.82
F-Score5
WACC7.19%
ROIC/WACC1.14
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 5Y3.23%
EBIT growth 1Y-17.5%
EBIT growth 3Y1.98%
EBIT growth 5Y1.14%
EBIT Next Year59.12%
EBIT Next 3Y22.78%
EBIT Next 5Y16.72%
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 INDIA GROWTH LEADERS / GLIN FAQ

Can you describe the business of VANECK INDIA GROWTH LEADERS?

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 INDIA GROWTH LEADERS?

The current stock price of GLIN is 45.8697 USD. The price decreased by -0.51% in the last trading session.


What is the ChartMill technical and fundamental rating of GLIN stock?

GLIN has a ChartMill Technical rating of 1 out of 10 and a ChartMill Fundamental rating of 5 out of 10.


Which stock exchange lists GLIN stock?

GLIN stock is listed on the NYSE Arca exchange.