VANECK LONG MUNI ETF (MLN) Stock Overview
USA - NYSEARCA:MLN - US92189F5364 - ETF
17.555 USD
+0.04 (+0.26%)
Taking everything into account, MLN scores 6 out of 10 in our fundamental rating. MLN was compared to 81 industry peers in the Automobile Components industry. While MLN belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. MLN may be a bit undervalued, certainly considering the very reasonable score on growth This makes MLN very considerable for value investing!
1. Profitability
1.1 Basic Checks
MLN had positive earnings in the past year.
In the past year MLN had a positive cash flow from operations.
Each year in the past 5 years MLN has been profitable.
Each year in the past 5 years MLN had a positive operating cash flow.
1.2 Ratios
MLN has a better Return On Assets (4.39%) than 82.72% of its industry peers.
MLN's Return On Equity of 8.81% is amongst the best of the industry. MLN outperforms 81.48% of its industry peers.
MLN has a Return On Invested Capital of 8.17%. This is amongst the best in the industry. MLN outperforms 80.25% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for MLN 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
MLN's Profit Margin of 5.84% is amongst the best of the industry. MLN outperforms 86.42% of its industry peers.
MLN's Profit Margin has been stable in the last couple of years.
With an excellent Operating Margin value of 10.65%, MLN belongs to the best of the industry, outperforming 87.65% of the companies in the same industry.
In the last couple of years the Operating Margin of MLN has remained more or less at the same level.
With a decent Gross Margin value of 27.60%, MLN is doing good in the industry, outperforming 79.01% of the companies in the same industry.
MLN'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
MLN has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
MLN has less shares outstanding than it did 1 year ago.
The number of shares outstanding for MLN has been reduced compared to 5 years ago.
MLN has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 2.23 indicates that MLN is not a great score, but indicates only limited risk for bankruptcy at the moment.
With a Altman-Z score value of 2.23, MLN is not doing good in the industry: 66.67% of the companies in the same industry are doing better.
MLN has a debt to FCF ratio of 6.05. This is a slightly negative value and a sign of low solvency as MLN would need 6.05 years to pay back of all of its debts.
MLN has a Debt to FCF ratio of 6.05. This is in the better half of the industry: MLN outperforms 72.84% of its industry peers.
A Debt/Equity ratio of 0.32 indicates that MLN is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.32, MLN is in the better half of the industry, outperforming 75.31% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.32 | ||
| Debt/FCF | 6.05 | ||
| Altman-Z | 2.23 |
ROIC/WACC1.31
WACC6.23%
2.3 Liquidity
A Current Ratio of 1.80 indicates that MLN should not have too much problems paying its short term obligations.
The Current ratio of MLN (1.80) is better than 64.20% of its industry peers.
A Quick Ratio of 1.12 indicates that MLN should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.12, MLN is in the better half of the industry, outperforming 62.96% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.8 | ||
| Quick Ratio | 1.12 |
3. Growth
3.1 Past
The earnings per share for MLN have decreased strongly by -18.28% in the last year.
MLN shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 1.64% yearly.
MLN shows a decrease in Revenue. In the last year, the revenue decreased by -3.62%.
MLN 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.
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
The Price/Earnings ratio is 6.91, which indicates a rather cheap valuation of MLN.
Compared to the rest of the industry, the Price/Earnings ratio of MLN indicates a rather cheap valuation: MLN is cheaper than 92.59% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of MLN to the average of the S&P500 Index (27.02), we can say MLN is valued rather cheaply.
The Price/Forward Earnings ratio is 4.12, which indicates a rather cheap valuation of MLN.
Based on the Price/Forward Earnings ratio, MLN is valued cheaply inside the industry as 95.06% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of MLN to the average of the S&P500 Index (22.57), we can say MLN is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.91 | ||
| Fwd PE | 4.12 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of MLN indicates a rather cheap valuation: MLN is cheaper than 93.83% of the companies listed in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of MLN indicates a rather cheap valuation: MLN is cheaper than 83.95% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.61 | ||
| EV/EBITDA | 2.94 |
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 excellent profitability rating of MLN may justify a higher PE ratio.
A more expensive valuation may be justified as MLN's earnings are expected to grow with 15.63% in the coming years.
PEG (NY)0.33
PEG (5Y)4.21
EPS Next 2Y18.35%
EPS Next 3Y15.63%
5. Dividend
5.1 Amount
MLN has a Yearly Dividend Yield of 4.65%, which is a nice return.
Compared to an average industry Dividend Yield of 3.93, MLN has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.44, MLN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.65% |
5.2 History
The dividend of MLN is nicely growing with an annual growth rate of 7.84%!
MLN has been paying a dividend for at least 10 years, so it has a reliable track record.
MLN has decreased its dividend recently.
Dividend Growth(5Y)7.84%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
MLN pays out 62.40% of its income as dividend. This is not a sustainable payout ratio.
MLN'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:MLN (10/10/2025, 8:44:37 PM)
17.555
+0.04 (+0.26%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobile Components
Earnings (Last)
Earnings (Next)
Inst Owners46.28%
Inst Owner Change-0.01%
Ins Owners0%
Ins Owner ChangeN/A
Market Cap12.39B
Analysts80
Price Target21.24 (20.99%)
Short Float %0.16%
Short Ratio3.21
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.65% |
Yearly Dividend1.56
Dividend Growth(5Y)7.84%
DP62.4%
Div Incr Years1
Div Non Decr Years1
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)9.65%
PT rev (3m)11.67%
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 | 6.91 | ||
| Fwd PE | 4.12 | ||
| P/S | 0.4 | ||
| P/FCF | 8.61 | ||
| P/OCF | 3.15 | ||
| P/B | 0.6 | ||
| P/tB | 0.82 | ||
| EV/EBITDA | 2.94 |
EPS(TTM)2.54
EY14.47%
EPS(NY)4.26
Fwd EY24.27%
FCF(TTM)2.04
FCFY11.62%
OCF(TTM)5.57
OCFY31.7%
SpS43.99
BVpS29.16
TBVpS21.46
PEG (NY)0.33
PEG (5Y)4.21
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 | 2.23 |
F-Score5
WACC6.23%
ROIC/WACC1.31
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%