VANECK STEEL ETF (SLX) Stock Overview
USA - NYSEARCA:SLX - US92189F2056 - ETF
78.92 USD
+1.06 (+1.36%)
Taking everything into account, SLX scores 4 out of 10 in our fundamental rating. SLX was compared to 83 industry peers in the Automobile Components industry. Both the profitability and the financial health of SLX get a neutral evaluation. Nothing too spectacular is happening here. SLX is valied quite expensively at the moment, while it does show a decent growth rate. Finally SLX also has an excellent dividend rating. With these ratings, SLX could be worth investigating further for dividend investing!.
1. Profitability
1.1 Basic Checks
SLX had positive earnings in the past year.
In the past year SLX had a positive cash flow from operations.
In the past 5 years SLX has always been profitable.
In the past 5 years SLX always reported a positive cash flow from operatings.
1.2 Ratios
With a Return On Assets value of 4.39%, SLX perfoms like the industry average, outperforming 54.22% of the companies in the same industry.
SLX has a Return On Equity of 8.81%. This is comparable to the rest of the industry: SLX outperforms 53.01% of its industry peers.
The Return On Invested Capital of SLX (8.17%) is comparable to the rest of the industry.
SLX had an Average Return On Invested Capital over the past 3 years of 9.25%. This is in line with the industry average of 8.52%.
| 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
SLX has a Profit Margin (5.84%) which is comparable to the rest of the industry.
SLX's Profit Margin has been stable in the last couple of years.
SLX's Operating Margin of 10.65% is in line compared to the rest of the industry. SLX outperforms 59.04% of its industry peers.
SLX's Operating Margin has been stable in the last couple of years.
With a Gross Margin value of 27.60%, SLX perfoms like the industry average, outperforming 50.60% of the companies in the same industry.
In the last couple of years the Gross Margin of SLX 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), SLX is creating some value.
Compared to 1 year ago, SLX has less shares outstanding
The number of shares outstanding for SLX has been reduced compared to 5 years ago.
SLX has a worse debt/assets ratio than last year.
2.2 Solvency
SLX has an Altman-Z score of 3.47. This indicates that SLX is financially healthy and has little risk of bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 3.47, SLX is in the better half of the industry, outperforming 73.49% of the companies in the same industry.
The Debt to FCF ratio of SLX is 6.05, which is on the high side as it means it would take SLX, 6.05 years of fcf income to pay off all of its debts.
SLX has a Debt to FCF ratio of 6.05. This is comparable to the rest of the industry: SLX outperforms 44.58% of its industry peers.
SLX has a Debt/Equity ratio of 0.32. This is a healthy value indicating a solid balance between debt and equity.
SLX has a Debt to Equity ratio (0.32) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.32 | ||
| Debt/FCF | 6.05 | ||
| Altman-Z | 3.47 |
ROIC/WACC1.08
WACC7.58%
2.3 Liquidity
SLX has a Current Ratio of 1.80. This is a normal value and indicates that SLX is financially healthy and should not expect problems in meeting its short term obligations.
The Current ratio of SLX (1.80) is worse than 63.86% of its industry peers.
SLX has a Quick Ratio of 1.12. This is a normal value and indicates that SLX 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, SLX is doing worse than 65.06% 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 SLX have decreased strongly by -18.28% in the last year.
Measured over the past 5 years, SLX 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.
SLX 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
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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
SLX is valuated quite expensively with a Price/Earnings ratio of 31.07.
Based on the Price/Earnings ratio, SLX is valued a bit more expensive than 63.86% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.08, SLX is valued at the same level.
Based on the Price/Forward Earnings ratio of 18.52, the valuation of SLX can be described as rather expensive.
Based on the Price/Forward Earnings ratio, SLX is valued a bit more expensive than the industry average as 62.65% of the companies are valued more cheaply.
The average S&P500 Price/Forward Earnings ratio is at 23.09. SLX is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 31.07 | ||
| Fwd PE | 18.52 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of SLX indicates a slightly more expensive valuation: SLX is more expensive than 60.24% of the companies listed in the same industry.
SLX's Price/Free Cash Flow ratio is a bit more expensive when compared to the industry. SLX is more expensive than 62.65% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 38.68 | ||
| EV/EBITDA | 10.53 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
SLX's earnings are expected to grow with 15.63% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.47
PEG (5Y)18.91
EPS Next 2Y18.35%
EPS Next 3Y15.63%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.99%, SLX is a good candidate for dividend investing.
SLX's Dividend Yield is rather good when compared to the industry average which is at 4.39. SLX pays more dividend than 87.95% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.30, SLX pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.99% |
5.2 History
The dividend of SLX is nicely growing with an annual growth rate of 7.84%!
SLX has paid a dividend for at least 10 years, which is a reliable track record.
SLX has decreased its dividend 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 SLX. This is not a sustainable payout ratio.
The dividend of SLX is growing, but earnings are growing more, so the dividend growth is sustainable.
DP62.4%
EPS Next 2Y18.35%
EPS Next 3Y15.63%
NYSEARCA:SLX (10/27/2025, 8:04:00 PM)
78.92
+1.06 (+1.36%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobile Components
Earnings (Last)
Earnings (Next)
Inst Owners46.28%
Inst Owner Change0.97%
Ins Owners0%
Ins Owner ChangeN/A
Market Cap55.70B
Revenue(TTM)26.74B
Net Income(TTM)1.56B
Analysts80
Price Target88.68 (12.37%)
Short Float %0%
Short Ratio1.11
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)2.11%
PT rev (3m)9.36%
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 | 31.07 | ||
| Fwd PE | 18.52 | ||
| P/S | 1.79 | ||
| P/FCF | 38.68 | ||
| P/OCF | 14.18 | ||
| P/B | 2.71 | ||
| P/tB | 3.68 | ||
| EV/EBITDA | 10.53 |
EPS(TTM)2.54
EY3.22%
EPS(NY)4.26
Fwd EY5.4%
FCF(TTM)2.04
FCFY2.59%
OCF(TTM)5.57
OCFY7.05%
SpS44
BVpS29.16
TBVpS21.47
PEG (NY)1.47
PEG (5Y)18.91
Graham Number40.82
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 | 3.47 |
F-Score5
WACC7.58%
ROIC/WACC1.08
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 STEEL ETF / SLX FAQ
What does SLX 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.
Can you provide the latest stock price for VANECK STEEL ETF?
The current stock price of SLX is 78.92 USD. The price increased by 1.36% in the last trading session.
What is the ChartMill rating of VANECK STEEL ETF stock?
SLX has a ChartMill Technical rating of 8 out of 10 and a ChartMill Fundamental rating of 4 out of 10.
On which exchange is SLX stock listed?
SLX stock is listed on the NYSE Arca exchange.