VANECK MORNINGSTAR WIDE MOAT (MOAT) Stock Overview
USA - NYSEARCA:MOAT - US92189F6438 - ETF
101.11 USD
+0.52 (+0.52%)
101.11 USD
0 (0%)
MOAT gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 81 industry peers in the Automobile Components industry. MOAT has only an average score on both its financial health and profitability. While showing a medium growth rate, MOAT is valued expensive at the moment. MOAT also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year MOAT was profitable.
In the past year MOAT had a positive cash flow from operations.
Each year in the past 5 years MOAT has been profitable.
MOAT had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
MOAT's Return On Assets of 4.39% is in line compared to the rest of the industry. MOAT outperforms 50.62% of its industry peers.
MOAT's Return On Equity of 8.81% is in line compared to the rest of the industry. MOAT outperforms 48.15% of its industry peers.
With a Return On Invested Capital value of 8.17%, MOAT perfoms like the industry average, outperforming 46.91% of the companies in the same industry.
MOAT had an Average Return On Invested Capital over the past 3 years of 9.25%. This is in line with the industry average of 8.51%.
| 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
Looking at the Profit Margin, with a value of 5.84%, MOAT is in line with its industry, outperforming 53.09% of the companies in the same industry.
MOAT's Profit Margin has been stable in the last couple of years.
MOAT has a Operating Margin (10.65%) which is comparable to the rest of the industry.
In the last couple of years the Operating Margin of MOAT has remained more or less at the same level.
With a Gross Margin value of 27.60%, MOAT perfoms like the industry average, outperforming 46.91% of the companies in the same industry.
In the last couple of years the Gross Margin of MOAT 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
MOAT has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
The number of shares outstanding for MOAT has been reduced compared to 1 year ago.
MOAT has less shares outstanding than it did 5 years ago.
MOAT has a worse debt/assets ratio than last year.
2.2 Solvency
MOAT has an Altman-Z score of 3.91. This indicates that MOAT is financially healthy and has little risk of bankruptcy at the moment.
With a decent Altman-Z score value of 3.91, MOAT is doing good in the industry, outperforming 79.01% of the companies in the same industry.
MOAT has a debt to FCF ratio of 6.05. This is a slightly negative value and a sign of low solvency as MOAT would need 6.05 years to pay back of all of its debts.
The Debt to FCF ratio of MOAT (6.05) is worse than 60.49% of its industry peers.
MOAT has a Debt/Equity ratio of 0.32. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.32, MOAT is in line with its industry, outperforming 41.98% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.32 | ||
| Debt/FCF | 6.05 | ||
| Altman-Z | 3.91 |
ROIC/WACC1.07
WACC7.61%
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.
With a Current ratio value of 1.80, MOAT is not doing good in the industry: 69.14% of the companies in the same industry are doing better.
MOAT has a Quick Ratio of 1.12. This is a normal value and indicates that MOAT is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 1.12, MOAT is doing worse than 70.37% 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 MOAT have decreased strongly by -18.28% in the last year.
MOAT 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.
Measured over the past years, MOAT 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 2.56% 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-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.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 39.34 indicates a quite expensive valuation of MOAT.
Compared to the rest of the industry, the Price/Earnings ratio of MOAT indicates a slightly more expensive valuation: MOAT is more expensive than 70.37% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 27.86. MOAT is valued slightly more expensive when compared to this.
Based on the Price/Forward Earnings ratio of 23.44, the valuation of MOAT can be described as rather expensive.
MOAT's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. MOAT is more expensive than 70.37% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.29, MOAT is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 39.34 | ||
| Fwd PE | 23.44 |
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 69.14% of the companies in the same industry.
67.90% 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 | 48.96 | ||
| EV/EBITDA | 13.24 |
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)1.86
PEG (5Y)23.95
EPS Next 2Y18.35%
EPS Next 3Y15.63%
5. Dividend
5.1 Amount
MOAT has a Yearly Dividend Yield of 4.52%, which is a nice return.
MOAT's Dividend Yield is rather good when compared to the industry average which is at 4.02. MOAT pays more dividend than 91.36% of the companies in the same industry.
MOAT's Dividend Yield is rather good when compared to the S&P500 average which is at 2.41.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.52% |
5.2 History
On average, the dividend of MOAT grows each year by 7.84%, which is quite nice.
MOAT has been paying a dividend for at least 10 years, so it has 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%
101.11
+0.52 (+0.52%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobile Components
Earnings (Last)
Earnings (Next)
Inst Owners46.28%
Inst Owner Change-7.28%
Ins Owners0%
Ins Owner ChangeN/A
Market Cap71.36B
Analysts80.87
Price Target118.86 (17.56%)
Short Float %0.02%
Short Ratio0.26
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.52% |
Yearly Dividend1.58
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)5.73%
PT rev (3m)17.68%
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)-0.16%
Revenue NY rev (3m)-2.61%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 39.34 | ||
| Fwd PE | 23.44 | ||
| P/S | 2.27 | ||
| P/FCF | 48.96 | ||
| P/OCF | 17.95 | ||
| P/B | 3.43 | ||
| P/tB | 4.65 | ||
| EV/EBITDA | 13.24 |
EPS(TTM)2.57
EY2.54%
EPS(NY)4.31
Fwd EY4.27%
FCF(TTM)2.07
FCFY2.04%
OCF(TTM)5.63
OCFY5.57%
SpS44.53
BVpS29.52
TBVpS21.73
PEG (NY)1.86
PEG (5Y)23.95
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)10.37%
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 | 3.91 |
F-Score5
WACC7.61%
ROIC/WACC1.07
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-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 Year59.12%
EBIT Next 3Y22.78%
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%