VANECK LONG MUNI ETF (MLN) Stock Overview
USA - NYSEARCA:MLN - US92189F5364 - ETF
17.465 USD
-0.04 (-0.2%)
MLN gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 80 industry peers in the Automobile Components industry. While MLN has a great profitability rating, there are some minor concerns on its financial health. MLN scores decently on growth, while it is valued quite cheap. This could make an interesting combination. These ratings could make MLN a good candidate for value investing.
1. Profitability
1.1 Basic Checks
MLN had positive earnings in the past year.
MLN had a positive operating cash flow in the past year.
MLN had positive earnings in each of the past 5 years.
Each year in the past 5 years MLN had a positive operating cash flow.
1.2 Ratios
MLN's Return On Assets of 4.39% is amongst the best of the industry. MLN outperforms 83.75% of its industry peers.
MLN has a Return On Equity of 8.81%. This is amongst the best in the industry. MLN outperforms 81.25% of its industry peers.
MLN's Return On Invested Capital of 8.17% is fine compared to the rest of the industry. MLN outperforms 80.00% 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 has a better Profit Margin (5.84%) than 86.25% of its industry peers.
In the last couple of years the Profit Margin of MLN has remained more or less at the same level.
MLN's Operating Margin of 10.65% is amongst the best of the industry. MLN outperforms 87.50% of its industry peers.
MLN's Operating Margin has been stable in the last couple of years.
MLN has a better Gross Margin (27.60%) than 80.00% of its industry peers.
In the last couple of years the Gross Margin of MLN 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
MLN has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
Compared to 1 year ago, MLN has less shares outstanding
The number of shares outstanding for MLN has been reduced compared to 5 years ago.
Compared to 1 year ago, MLN has a worse debt to assets ratio.
2.2 Solvency
MLN has an Altman-Z score of 2.23. This is not the best score and indicates that MLN is in the grey zone with still only limited risk for bankruptcy at the moment.
MLN has a worse Altman-Z score (2.23) than 67.50% of its industry peers.
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.
The Debt to FCF ratio of MLN (6.05) is better than 72.50% of its industry peers.
A Debt/Equity ratio of 0.32 indicates that MLN is not too dependend on debt financing.
MLN has a Debt to Equity ratio of 0.32. This is in the better half of the industry: MLN outperforms 75.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.32 | ||
| Debt/FCF | 6.05 | ||
| Altman-Z | 2.23 |
ROIC/WACC1.34
WACC6.11%
2.3 Liquidity
MLN has a Current Ratio of 1.80. This is a normal value and indicates that MLN is financially healthy and should not expect problems in meeting its short term obligations.
With a decent Current ratio value of 1.80, MLN is doing good in the industry, outperforming 63.75% of the companies in the same industry.
MLN has a Quick Ratio of 1.12. This is a normal value and indicates that MLN is financially healthy and should not expect problems in meeting its short term obligations.
MLN has a better Quick ratio (1.12) than 62.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.8 | ||
| Quick Ratio | 1.12 |
3. Growth
3.1 Past
MLN shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -18.28%.
MLN shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 1.64% yearly.
The Revenue has decreased by -3.62% in the past year.
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
MLN is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 16.31% yearly.
The Revenue is expected to grow by 2.56% on average over the next years.
EPS Next Y22.75%
EPS Next 2Y19.47%
EPS Next 3Y16.31%
EPS Next 5YN/A
Revenue Next Year-1.8%
Revenue Next 2Y0.24%
Revenue Next 3Y1.32%
Revenue Next 5Y2.56%
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
A Price/Earnings ratio of 6.74 indicates a rather cheap valuation of MLN.
MLN's Price/Earnings ratio is rather cheap when compared to the industry. MLN is cheaper than 93.75% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.38, MLN is valued rather cheaply.
MLN is valuated cheaply with a Price/Forward Earnings ratio of 3.95.
Compared to the rest of the industry, the Price/Forward Earnings ratio of MLN indicates a rather cheap valuation: MLN is cheaper than 95.00% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.86. MLN is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.74 | ||
| Fwd PE | 3.95 |
4.2 Price Multiples
93.75% of the companies in the same industry are more expensive than MLN, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, MLN is valued cheaply inside the industry as 83.75% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.41 | ||
| EV/EBITDA | 2.9 |
4.3 Compensation for Growth
MLN's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
MLN has a very decent profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as MLN's earnings are expected to grow with 16.31% in the coming years.
PEG (NY)0.3
PEG (5Y)4.1
EPS Next 2Y19.47%
EPS Next 3Y16.31%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.38%, MLN is a good candidate for dividend investing.
MLN's Dividend Yield is comparable with the industry average which is at 3.89.
Compared to an average S&P500 Dividend Yield of 2.38, MLN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.38% |
5.2 History
On average, the dividend of MLN grows each year by 7.84%, which is quite nice.
MLN has been paying a dividend for at least 10 years, so it has a reliable track record.
The dividend of MLN decreased recently.
Dividend Growth(5Y)7.84%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
62.40% of the earnings are spent on dividend by MLN. This is not a sustainable payout ratio.
The dividend of MLN is growing, but earnings are growing more, so the dividend growth is sustainable.
DP62.4%
EPS Next 2Y19.47%
EPS Next 3Y16.31%
NYSEARCA:MLN (9/19/2025, 8:04:00 PM)
17.465
-0.04 (-0.2%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobile Components
Earnings (Last)
Earnings (Next)
Inst Owners39.91%
Inst Owner Change3.23%
Ins Owners0%
Ins Owner ChangeN/A
Market Cap12.33B
Analysts80.87
Price Target20.93 (19.84%)
Short Float %0.02%
Short Ratio0.35
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.38% |
Yearly Dividend1.59
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)1.35%
PT rev (3m)10.04%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-9.31%
EPS NY rev (3m)-9.31%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.4%
Revenue NY rev (3m)-2.61%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.74 | ||
| Fwd PE | 3.95 | ||
| P/S | 0.39 | ||
| P/FCF | 8.41 | ||
| P/OCF | 3.08 | ||
| P/B | 0.59 | ||
| P/tB | 0.8 | ||
| EV/EBITDA | 2.9 |
EPS(TTM)2.59
EY14.83%
EPS(NY)4.42
Fwd EY25.3%
FCF(TTM)2.08
FCFY11.89%
OCF(TTM)5.66
OCFY32.44%
SpS44.78
BVpS29.68
TBVpS21.85
PEG (NY)0.3
PEG (5Y)4.1
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
WACC6.11%
ROIC/WACC1.34
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 Y22.75%
EPS Next 2Y19.47%
EPS Next 3Y16.31%
EPS Next 5YN/A
Revenue 1Y (TTM)-3.62%
Revenue growth 3Y4.55%
Revenue growth 5Y2.41%
Sales Q2Q%-3.36%
Revenue Next Year-1.8%
Revenue Next 2Y0.24%
Revenue Next 3Y1.32%
Revenue Next 5Y2.56%
EBIT growth 1Y-17.5%
EBIT growth 3Y1.98%
EBIT growth 5Y1.14%
EBIT Next Year66.93%
EBIT Next 3Y23.28%
EBIT Next 5Y17.51%
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%