VANECK SH HI YLD MUNI (SHYD) Stock Price, Forecast & Analysis
USA - NYSEARCA:SHYD - US92189F3872 - ETF
22.87 USD
+0.05 (+0.22%)
SHYD gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 82 industry peers in the Automobile Components industry. SHYD has an average financial health and profitability rating. SHYD may be a bit undervalued, certainly considering the very reasonable score on growth Finally SHYD also has an excellent dividend rating. With these ratings, SHYD could be worth investigating further for value and dividend investing!.
1. Profitability
1.1 Basic Checks
In the past year SHYD was profitable.
In the past year SHYD had a positive cash flow from operations.
In the past 5 years SHYD has always been profitable.
In the past 5 years SHYD always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of SHYD (4.39%) is better than 74.39% of its industry peers.
SHYD has a better Return On Equity (8.81%) than 75.61% of its industry peers.
Looking at the Return On Invested Capital, with a value of 8.17%, SHYD is in the better half of the industry, outperforming 71.95% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for SHYD 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
SHYD has a better Profit Margin (5.84%) than 78.05% of its industry peers.
SHYD's Profit Margin has been stable in the last couple of years.
SHYD has a better Operating Margin (10.65%) than 79.27% of its industry peers.
In the last couple of years the Operating Margin of SHYD has remained more or less at the same level.
Looking at the Gross Margin, with a value of 27.60%, SHYD is in the better half of the industry, outperforming 70.73% of the companies in the same industry.
In the last couple of years the Gross Margin of SHYD 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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), SHYD is creating some value.
SHYD has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, SHYD has less shares outstanding
SHYD has a worse debt/assets ratio than last year.
2.2 Solvency
SHYD has an Altman-Z score of 2.34. This is not the best score and indicates that SHYD is in the grey zone with still only limited risk for bankruptcy at the moment.
SHYD's Altman-Z score of 2.34 is in line compared to the rest of the industry. SHYD outperforms 43.90% of its industry peers.
The Debt to FCF ratio of SHYD is 6.05, which is on the high side as it means it would take SHYD, 6.05 years of fcf income to pay off all of its debts.
With a decent Debt to FCF ratio value of 6.05, SHYD is doing good in the industry, outperforming 65.85% of the companies in the same industry.
A Debt/Equity ratio of 0.32 indicates that SHYD is not too dependend on debt financing.
The Debt to Equity ratio of SHYD (0.32) is better than 65.85% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.32 | ||
| Debt/FCF | 6.05 | ||
| Altman-Z | 2.34 |
ROIC/WACC1.24
WACC6.59%
2.3 Liquidity
SHYD has a Current Ratio of 1.80. This is a normal value and indicates that SHYD is financially healthy and should not expect problems in meeting its short term obligations.
SHYD has a Current ratio of 1.80. This is comparable to the rest of the industry: SHYD outperforms 57.32% of its industry peers.
SHYD has a Quick Ratio of 1.12. This is a normal value and indicates that SHYD is financially healthy and should not expect problems in meeting its short term obligations.
With a Quick ratio value of 1.12, SHYD perfoms like the industry average, outperforming 54.88% 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 SHYD have decreased strongly by -18.28% in the last year.
The Earnings Per Share has been growing slightly by 1.64% on average over the past years.
The Revenue has decreased by -3.62% in the past year.
Measured over the past years, SHYD 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
Based on estimates for the next years, SHYD will show a quite strong growth in Earnings Per Share. The EPS will grow by 11.26% on average per year.
Based on estimates for the next years, SHYD will show a small growth in Revenue. The Revenue will grow by 2.85% on average per year.
EPS Next Y0.74%
EPS Next 2Y8.86%
EPS Next 3Y11.26%
EPS Next 5YN/A
Revenue Next Year-4.87%
Revenue Next 2Y-1.29%
Revenue Next 3Y0.41%
Revenue Next 5Y2.85%
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 9.04, the valuation of SHYD can be described as reasonable.
82.93% of the companies in the same industry are more expensive than SHYD, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 26.35, SHYD is valued rather cheaply.
The Price/Forward Earnings ratio is 6.37, which indicates a rather cheap valuation of SHYD.
Based on the Price/Forward Earnings ratio, SHYD is valued cheaply inside the industry as 84.15% of the companies are valued more expensively.
The average S&P500 Price/Forward Earnings ratio is at 33.72. SHYD is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.04 | ||
| Fwd PE | 6.37 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, SHYD is valued cheaply inside the industry as 85.37% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, SHYD is valued a bit cheaper than 71.95% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.25 | ||
| EV/EBITDA | 3.62 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates SHYD does not grow enough to justify the current Price/Earnings ratio.
The decent profitability rating of SHYD may justify a higher PE ratio.
PEG (NY)12.22
PEG (5Y)5.5
EPS Next 2Y8.86%
EPS Next 3Y11.26%
5. Dividend
5.1 Amount
SHYD has a Yearly Dividend Yield of 4.89%, which is a nice return.
Compared to an average industry Dividend Yield of 4.29, SHYD pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.36, SHYD pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.89% |
5.2 History
On average, the dividend of SHYD grows each year by 7.84%, which is quite nice.
SHYD 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
62.40% of the earnings are spent on dividend by SHYD. This is not a sustainable payout ratio.
SHYD's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP62.4%
EPS Next 2Y8.86%
EPS Next 3Y11.26%
NYSEARCA:SHYD (11/11/2025, 8:04:00 PM)
22.87
+0.05 (+0.22%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobile Components
Earnings (Last)
Earnings (Next)
Inst Owners46.28%
Inst Owner Change-11.49%
Ins Owners0%
Ins Owner ChangeN/A
Market Cap16.14B
Revenue(TTM)26.74B
Net Income(TTM)1.56B
Analysts79.17
Price Target26.16 (14.39%)
Short Float %0.01%
Short Ratio0.64
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.89% |
Yearly Dividend1.56
Dividend Growth(5Y)7.84%
DP62.4%
Div Incr Years0
Div Non Decr Years0
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)-6.41%
PT rev (3m)-5.82%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-16.83%
EPS NY rev (3m)-25.57%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-2.93%
Revenue NY rev (3m)-3.52%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.04 | ||
| Fwd PE | 6.37 | ||
| P/S | 0.52 | ||
| P/FCF | 11.25 | ||
| P/OCF | 4.12 | ||
| P/B | 0.79 | ||
| P/tB | 1.07 | ||
| EV/EBITDA | 3.62 |
EPS(TTM)2.53
EY11.06%
EPS(NY)3.59
Fwd EY15.71%
FCF(TTM)2.03
FCFY8.89%
OCF(TTM)5.55
OCFY24.25%
SpS43.84
BVpS29.06
TBVpS21.39
PEG (NY)12.22
PEG (5Y)5.5
Graham Number40.67
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 | 2.34 |
F-Score5
WACC6.59%
ROIC/WACC1.24
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 Y0.74%
EPS Next 2Y8.86%
EPS Next 3Y11.26%
EPS Next 5YN/A
Revenue 1Y (TTM)-3.62%
Revenue growth 3Y4.55%
Revenue growth 5Y2.41%
Sales Q2Q%-3.36%
Revenue Next Year-4.87%
Revenue Next 2Y-1.29%
Revenue Next 3Y0.41%
Revenue Next 5Y2.85%
EBIT growth 1Y-17.5%
EBIT growth 3Y1.98%
EBIT growth 5Y1.14%
EBIT Next Year59.12%
EBIT Next 3Y22.78%
EBIT Next 5Y17.06%
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 SH HI YLD MUNI / SHYD FAQ
What does VANECK SH HI YLD MUNI 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 SHYD stock?
The current stock price of SHYD is 22.87 USD. The price increased by 0.22% in the last trading session.
What is the ChartMill rating of VANECK SH HI YLD MUNI stock?
SHYD has a ChartMill Technical rating of 6 out of 10 and a ChartMill Fundamental rating of 6 out of 10.
Should I buy SHYD stock?
This depends on your investment goals. Check the Technical and Fundamental Analysis tabs for insights on SHYD.