VANECK MORNINGSTAR WIDE MOAT (MOAT) Stock Overview
USA - NYSEARCA:MOAT - US92189F6438 - ETF
101.94 USD
-0.9 (-0.88%)
102 USD
+0.06 (+0.06%)
Overall MOAT gets a fundamental rating of 4 out of 10. We evaluated MOAT against 83 industry peers in the Automobile Components industry. MOAT has an average financial health and profitability rating. MOAT is quite expensive at the moment. It does show a decent growth rate. Finally MOAT also has an excellent dividend rating. These ratings could make MOAT a good candidate for dividend investing.
1. Profitability
1.1 Basic Checks
MOAT had positive earnings in the past year.
In the past year MOAT had a positive cash flow from operations.
MOAT had positive earnings in each of the past 5 years.
In the past 5 years MOAT always reported a positive cash flow from operatings.
1.2 Ratios
MOAT has a Return On Assets of 4.39%. This is comparable to the rest of the industry: MOAT outperforms 50.60% of its industry peers.
MOAT has a Return On Equity (8.81%) which is comparable to the rest of the industry.
The Return On Invested Capital of MOAT (8.17%) is comparable to the rest of the industry.
The Average Return On Invested Capital over the past 3 years for MOAT 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
MOAT has a Profit Margin (5.84%) which is in line with its industry peers.
In the last couple of years the Profit Margin of MOAT has remained more or less at the same level.
MOAT's Operating Margin of 10.65% is in line compared to the rest of the industry. MOAT outperforms 55.42% of its industry peers.
In the last couple of years the Operating Margin of MOAT has remained more or less at the same level.
MOAT has a Gross Margin (27.60%) which is comparable to the rest of the industry.
MOAT'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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so MOAT is still creating some value.
Compared to 1 year ago, MOAT has less shares outstanding
Compared to 5 years ago, MOAT has less shares outstanding
The debt/assets ratio for MOAT is higher compared to a year ago.
2.2 Solvency
MOAT has an Altman-Z score of 3.97. This indicates that MOAT is financially healthy and has little risk of bankruptcy at the moment.
MOAT has a Altman-Z score of 3.97. This is in the better half of the industry: MOAT outperforms 79.52% of its industry peers.
The Debt to FCF ratio of MOAT is 6.05, which is on the high side as it means it would take MOAT, 6.05 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 6.05, MOAT is in line with its industry, outperforming 40.96% of the companies in the same industry.
MOAT has a Debt/Equity ratio of 0.32. This is a healthy value indicating a solid balance between debt and equity.
MOAT has a Debt to Equity ratio (0.32) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.32 | ||
| Debt/FCF | 6.05 | ||
| Altman-Z | 3.97 |
ROIC/WACC1.06
WACC7.7%
2.3 Liquidity
MOAT has a Current Ratio of 1.80. This is a normal value and indicates that MOAT is financially healthy and should not expect problems in meeting its short term obligations.
The Current ratio of MOAT (1.80) is worse than 67.47% of its industry peers.
A Quick Ratio of 1.12 indicates that MOAT should not have too much problems paying its short term obligations.
With a Quick ratio value of 1.12, MOAT is not doing good in the industry: 68.67% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.8 | ||
| Quick Ratio | 1.12 |
3. Growth
3.1 Past
The earnings per share for MOAT have decreased strongly by -18.28% in the last year.
Measured over the past 5 years, MOAT 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.
MOAT 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
Based on estimates for the next years, MOAT will show a quite strong growth in Earnings Per Share. The EPS will grow by 15.63% on average per year.
MOAT is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.47% yearly.
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
With a Price/Earnings ratio of 39.98, MOAT can be considered very expensive at the moment.
Based on the Price/Earnings ratio, MOAT is valued a bit more expensive than the industry average as 71.08% of the companies are valued more cheaply.
When comparing the Price/Earnings ratio of MOAT to the average of the S&P500 Index (26.83), we can say MOAT is valued slightly more expensively.
Based on the Price/Forward Earnings ratio of 23.87, the valuation of MOAT can be described as rather expensive.
Based on the Price/Forward Earnings ratio, MOAT is valued a bit more expensive than the industry average as 68.67% of the companies are valued more cheaply.
MOAT's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 22.88.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 39.98 | ||
| Fwd PE | 23.87 |
4.2 Price Multiples
MOAT's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. MOAT is more expensive than 68.67% of the companies in the same industry.
66.27% of the companies in the same industry are cheaper than MOAT, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 49.84 | ||
| EV/EBITDA | 13.64 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates MOAT does not grow enough to justify the current Price/Earnings ratio.
A more expensive valuation may be justified as MOAT's earnings are expected to grow with 15.63% in the coming years.
PEG (NY)1.89
PEG (5Y)24.33
EPS Next 2Y18.35%
EPS Next 3Y15.63%
5. Dividend
5.1 Amount
MOAT has a Yearly Dividend Yield of 4.99%, which is a nice return.
Compared to an average industry Dividend Yield of 4.39, MOAT pays a better dividend. On top of this MOAT pays more dividend than 91.57% of the companies listed in the same industry.
MOAT's Dividend Yield is rather good when compared to the S&P500 average which is at 2.30.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.99% |
5.2 History
The dividend of MOAT is nicely growing with an annual growth rate of 7.84%!
MOAT has paid a dividend for at least 10 years, which is a reliable track record.
The dividend of MOAT 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 MOAT. This is not a sustainable payout ratio.
The dividend of MOAT is growing, but earnings are growing more, so the dividend growth is sustainable.
DP62.4%
EPS Next 2Y18.35%
EPS Next 3Y15.63%
101.94
-0.9 (-0.88%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobile Components
Earnings (Last)
Earnings (Next)
Inst Owners46.28%
Inst Owner Change-1.17%
Ins Owners0%
Ins Owner ChangeN/A
Market Cap71.94B
Revenue(TTM)26.74B
Net Income(TTM)1.56B
Analysts80
Price Target119.95 (17.67%)
Short Float %0.06%
Short Ratio0.49
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.99% |
Yearly Dividend1.57
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)0.92%
PT rev (3m)7.99%
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 | 39.98 | ||
| Fwd PE | 23.87 | ||
| P/S | 2.31 | ||
| P/FCF | 49.84 | ||
| P/OCF | 18.27 | ||
| P/B | 3.49 | ||
| P/tB | 4.74 | ||
| EV/EBITDA | 13.64 |
EPS(TTM)2.55
EY2.5%
EPS(NY)4.27
Fwd EY4.19%
FCF(TTM)2.05
FCFY2.01%
OCF(TTM)5.58
OCFY5.47%
SpS44.1
BVpS29.23
TBVpS21.52
PEG (NY)1.89
PEG (5Y)24.33
Graham Number40.95
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 | 3.97 |
F-Score5
WACC7.7%
ROIC/WACC1.06
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 MORNINGSTAR WIDE MOAT / MOAT FAQ
What does VANECK MORNINGSTAR WIDE MOAT do?
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.
What is the current price of MOAT stock?
The current stock price of MOAT is 101.94 USD. The price decreased by -0.88% in the last trading session.
What is the ChartMill rating of VANECK MORNINGSTAR WIDE MOAT stock?
MOAT has a ChartMill Technical rating of 8 out of 10 and a ChartMill Fundamental rating of 4 out of 10.