VANECK NATURAL RESOURCES ETF (HAP) Stock Overview
USA - NYSEARCA:HAP - US92189F8418 - ETF
58.07 USD
+0.52 (+0.9%)
HAP gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 83 industry peers in the Automobile Components industry. HAP has an average financial health and profitability rating. While showing a medium growth rate, HAP is valued expensive at the moment. HAP also has an excellent dividend rating. This makes HAP very considerable for dividend investing!
1. Profitability
1.1 Basic Checks
HAP had positive earnings in the past year.
In the past year HAP had a positive cash flow from operations.
HAP had positive earnings in each of the past 5 years.
In the past 5 years HAP always reported a positive cash flow from operatings.
1.2 Ratios
HAP has a Return On Assets (4.39%) which is in line with its industry peers.
HAP has a Return On Equity (8.81%) which is in line with its industry peers.
HAP has a Return On Invested Capital (8.17%) which is in line with its industry peers.
HAP 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
The Profit Margin of HAP (5.84%) is better than 60.24% of its industry peers.
In the last couple of years the Profit Margin of HAP has remained more or less at the same level.
The Operating Margin of HAP (10.65%) is better than 61.45% of its industry peers.
In the last couple of years the Operating Margin of HAP has remained more or less at the same level.
The Gross Margin of HAP (27.60%) is comparable to the rest of the industry.
HAP'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), HAP is creating some value.
Compared to 1 year ago, HAP has less shares outstanding
Compared to 5 years ago, HAP has less shares outstanding
HAP has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 3.05 indicates that HAP is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 3.05, HAP is in the better half of the industry, outperforming 68.67% of the companies in the same industry.
The Debt to FCF ratio of HAP is 6.05, which is on the high side as it means it would take HAP, 6.05 years of fcf income to pay off all of its debts.
HAP has a Debt to FCF ratio of 6.05. This is comparable to the rest of the industry: HAP outperforms 46.99% of its industry peers.
HAP has a Debt/Equity ratio of 0.32. This is a healthy value indicating a solid balance between debt and equity.
HAP has a Debt to Equity ratio (0.32) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.32 | ||
| Debt/FCF | 6.05 | ||
| Altman-Z | 3.05 |
ROIC/WACC1.1
WACC7.4%
2.3 Liquidity
HAP has a Current Ratio of 1.80. This is a normal value and indicates that HAP is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 1.80, HAP is doing worse than 61.45% of the companies in the same industry.
HAP has a Quick Ratio of 1.12. This is a normal value and indicates that HAP is financially healthy and should not expect problems in meeting its short term obligations.
HAP has a worse Quick ratio (1.12) than 62.65% of 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 HAP have decreased strongly by -18.28% in the last year.
HAP shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 1.64% yearly.
Looking at the last year, HAP shows a decrease in Revenue. The Revenue has decreased by -3.62% in the last year.
Measured over the past years, HAP 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 15.63% on average over the next years. This is quite good.
The Revenue is expected to grow by 2.47% on average over the next years.
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.
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 22.77, the valuation of HAP can be described as rather expensive.
HAP's Price/Earnings ratio is in line with the industry average.
HAP is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.00, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 13.61, which indicates a correct valuation of HAP.
HAP's Price/Forward Earnings ratio is in line with the industry average.
When comparing the Price/Forward Earnings ratio of HAP to the average of the S&P500 Index (22.87), we can say HAP is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.77 | ||
| Fwd PE | 13.61 |
4.2 Price Multiples
HAP's Enterprise Value to EBITDA ratio is in line with the industry average.
HAP's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 28.42 | ||
| EV/EBITDA | 7.97 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
A more expensive valuation may be justified as HAP's earnings are expected to grow with 15.63% in the coming years.
PEG (NY)1.08
PEG (5Y)13.86
EPS Next 2Y18.35%
EPS Next 3Y15.63%
5. Dividend
5.1 Amount
HAP has a Yearly Dividend Yield of 4.99%, which is a nice return.
Compared to an average industry Dividend Yield of 4.39, HAP pays a better dividend. On top of this HAP pays more dividend than 85.54% of the companies listed in the same industry.
HAP's Dividend Yield is rather good when compared to the S&P500 average which is at 2.31.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.99% |
5.2 History
On average, the dividend of HAP grows each year by 7.84%, which is quite nice.
HAP 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
HAP pays out 62.40% of its income as dividend. This is not a sustainable payout ratio.
The dividend of HAP is growing, but earnings are growing more, so the dividend growth is sustainable.
DP62.4%
EPS Next 2Y18.35%
EPS Next 3Y15.63%
NYSEARCA:HAP (10/29/2025, 11:12:51 AM)
58.07
+0.52 (+0.9%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobile Components
Earnings (Last)
Earnings (Next)
Inst Owners46.28%
Inst Owner Change-0.84%
Ins Owners0%
Ins Owner ChangeN/A
Market Cap40.98B
Revenue(TTM)26.74B
Net Income(TTM)1.56B
Analysts80
Price Target69.7 (20.03%)
Short Float %0%
Short Ratio0.8
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.99% |
Yearly Dividend1.57
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)3.26%
PT rev (3m)13.11%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-10.51%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.21%
Revenue NY rev (3m)-2.81%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.77 | ||
| Fwd PE | 13.61 | ||
| P/S | 1.32 | ||
| P/FCF | 28.42 | ||
| P/OCF | 10.42 | ||
| P/B | 1.99 | ||
| P/tB | 2.7 | ||
| EV/EBITDA | 7.97 |
EPS(TTM)2.55
EY4.39%
EPS(NY)4.27
Fwd EY7.35%
FCF(TTM)2.04
FCFY3.52%
OCF(TTM)5.57
OCFY9.6%
SpS44.06
BVpS29.21
TBVpS21.5
PEG (NY)1.08
PEG (5Y)13.86
Graham Number40.94
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 | 3.05 |
F-Score5
WACC7.4%
ROIC/WACC1.1
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%
VANECK NATURAL RESOURCES ETF / HAP FAQ
Can you describe the business of VANECK NATURAL RESOURCES 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 NATURAL RESOURCES ETF?
The current stock price of HAP is 58.07 USD. The price increased by 0.9% in the last trading session.
What is the ChartMill rating of VANECK NATURAL RESOURCES ETF stock?
HAP has a ChartMill Technical rating of 8 out of 10 and a ChartMill Fundamental rating of 5 out of 10.