Logo image of SLX

VANECK STEEL ETF (SLX) Stock Overview

USA - NYSEARCA:SLX - US92189F2056 - ETF

79 USD
-1.51 (-1.88%)
Last: 10/30/2025, 9:47:41 AM
Fundamental Rating

4

SLX gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 83 industry peers in the Automobile Components industry. SLX has only an average score on both its financial health and profitability. SLX is quite expensive at the moment. It does show a decent growth rate. SLX also has an excellent dividend rating. With these ratings, SLX could be worth investigating further for dividend investing!.


Dividend Valuation Growth Profitability Health

5

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.
SLX had positive earnings in each of the past 5 years.
Each year in the past 5 years SLX had a positive operating cash flow.
SLX Yearly Net Income VS EBIT VS OCF VS FCFSLX Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B 3B 4B 5B

1.2 Ratios

SLX has a Return On Assets (4.39%) which is in line with its industry peers.
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.
SLX's Return On Invested Capital of 8.17% is in line compared to the rest of the industry. SLX outperforms 51.81% of its industry peers.
The Average Return On Invested Capital over the past 3 years for SLX is in line with the industry average of 8.52%.
Industry RankSector 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%
SLX Yearly ROA, ROE, ROICSLX Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15

1.3 Margins

SLX's Profit Margin of 5.84% is in line compared to the rest of the industry. SLX outperforms 57.83% of its industry peers.
SLX's Profit Margin has been stable in the last couple of years.
Looking at the Operating Margin, with a value of 10.65%, SLX is in line with its industry, outperforming 59.04% of the companies in the same industry.
In the last couple of years the Operating Margin of SLX has remained more or less at the same level.
The Gross Margin of SLX (27.60%) is comparable to the rest of the industry.
In the last couple of years the Gross Margin of SLX has remained more or less at the same level.
Industry RankSector 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%
SLX Yearly Profit, Operating, Gross MarginsSLX Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30

5

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so SLX is still creating some value.
The number of shares outstanding for SLX has been reduced compared to 1 year ago.
Compared to 5 years ago, SLX has less shares outstanding
SLX has a worse debt/assets ratio than last year.
SLX Yearly Shares OutstandingSLX Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M
SLX Yearly Total Debt VS Total AssetsSLX Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10B 20B 30B

2.2 Solvency

SLX has an Altman-Z score of 3.52. This indicates that SLX is financially healthy and has little risk of bankruptcy at the moment.
SLX has a Altman-Z score of 3.52. This is in the better half of the industry: SLX outperforms 74.70% of its industry peers.
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.
The Debt to FCF ratio of SLX (6.05) is comparable to the rest of the industry.
A Debt/Equity ratio of 0.32 indicates that SLX is not too dependend on debt financing.
The Debt to Equity ratio of SLX (0.32) is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.32
Debt/FCF 6.05
Altman-Z 3.52
ROIC/WACC1.08
WACC7.59%
SLX Yearly LT Debt VS Equity VS FCFSLX Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5B 10B 15B

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.
SLX's Current ratio of 1.80 is on the low side compared to the rest of the industry. SLX is outperformed by 63.86% of its industry peers.
A Quick Ratio of 1.12 indicates that SLX should not have too much problems paying its short term obligations.
SLX's Quick ratio of 1.12 is on the low side compared to the rest of the industry. SLX is outperformed by 65.06% of its industry peers.
Industry RankSector Rank
Current Ratio 1.8
Quick Ratio 1.12
SLX Yearly Current Assets VS Current LiabilitesSLX Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B

4

3. Growth

3.1 Past

The earnings per share for SLX 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.
The Revenue has been growing slightly by 2.41% on average over the past years.
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, SLX will show a quite strong growth in Earnings Per Share. The EPS will grow by 15.63% on average per year.
Based on estimates for the next years, SLX will show a small growth in Revenue. The Revenue will grow by 2.47% on average per year.
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.
SLX Yearly Revenue VS EstimatesSLX Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 10B 20B 30B
SLX Yearly EPS VS EstimatesSLX Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 1 2 3 4

1

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 30.98, which means the current valuation is very expensive for SLX.
Based on the Price/Earnings ratio, SLX is valued a bit more expensive than 65.06% of the companies in the same industry.
SLX is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 26.76, which is the current average of the S&P500 Index.
SLX is valuated rather expensively with a Price/Forward Earnings ratio of 18.50.
Compared to the rest of the industry, the Price/Forward Earnings ratio of SLX indicates a slightly more expensive valuation: SLX is more expensive than 62.65% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.63. SLX is around the same levels.
Industry RankSector Rank
PE 30.98
Fwd PE 18.5
SLX Price Earnings VS Forward Price EarningsSLX Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, SLX is valued a bit more expensive than the industry average as 61.45% of the companies are valued more cheaply.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of SLX indicates a slightly more expensive valuation: SLX is more expensive than 62.65% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 38.64
EV/EBITDA 10.84
SLX Per share dataSLX EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40

4.3 Compensation for Growth

SLX's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
A more expensive valuation may be justified as SLX's earnings are expected to grow with 15.63% in the coming years.
PEG (NY)1.47
PEG (5Y)18.86
EPS Next 2Y18.35%
EPS Next 3Y15.63%

7

5. Dividend

5.1 Amount

SLX has a Yearly Dividend Yield of 4.99%, which is a nice return.
Compared to an average industry Dividend Yield of 4.39, SLX pays a better dividend. On top of this SLX pays more dividend than 87.95% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.31, SLX pays a better dividend.
Industry RankSector 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.
The dividend of SLX decreased recently.
Dividend Growth(5Y)7.84%
Div Incr Years1
Div Non Decr Years1
SLX Yearly Dividends per shareSLX Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1 2 3

5.3 Sustainability

62.40% of the earnings are spent on dividend by SLX. This is not a sustainable payout ratio.
SLX's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP62.4%
EPS Next 2Y18.35%
EPS Next 3Y15.63%
SLX Yearly Income VS Free CF VS DividendSLX Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B 3B
SLX Dividend Payout.SLX Dividend Payout, showing the Payout Ratio.SLX Dividend Payout.PayoutRetained Earnings

VANECK STEEL ETF

NYSEARCA:SLX (10/30/2025, 9:47:41 AM)

79

-1.51 (-1.88%)

Chartmill FA Rating
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobile Components
Earnings (Last)07-24 2025-07-24/amc
Earnings (Next)02-22 2026-02-22/amc
Inst Owners46.28%
Inst Owner Change0.97%
Ins Owners0%
Ins Owner ChangeN/A
Market Cap55.75B
Revenue(TTM)26.74B
Net Income(TTM)1.56B
Analysts80
Price Target88.68 (12.25%)
Short Float %0%
Short Ratio1.11
Dividend
Industry RankSector 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 RankSector Rank
PE 30.98
Fwd PE 18.5
P/S 1.79
P/FCF 38.64
P/OCF 14.16
P/B 2.7
P/tB 3.67
EV/EBITDA 10.84
EPS(TTM)2.55
EY3.23%
EPS(NY)4.27
Fwd EY5.4%
FCF(TTM)2.04
FCFY2.59%
OCF(TTM)5.58
OCFY7.06%
SpS44.09
BVpS29.22
TBVpS21.51
PEG (NY)1.47
PEG (5Y)18.86
Graham Number40.95
Profitability
Industry RankSector 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 RankSector 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 3.52
F-Score5
WACC7.59%
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 79 USD. The price decreased by -1.88% 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.