VANECK STEEL ETF (SLX) Stock Overview
USA - NYSEARCA:SLX - US92189F2056 - ETF
71.5299 USD
-0.67 (-0.93%)
Taking everything into account, SLX scores 5 out of 10 in our fundamental rating. SLX was compared to 80 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. Finally SLX also has an excellent dividend rating. These ratings could make SLX a good candidate for dividend investing.
1. Profitability
1.1 Basic Checks
In the past year SLX was profitable.
In the past year SLX had a positive cash flow from operations.
In the past 5 years SLX has always been profitable.
SLX had a positive operating cash flow in each of the past 5 years.
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 52.50% 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 8.51%.
| 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%, SLX is in line with its industry, outperforming 57.50% of the companies in the same industry.
SLX's Profit Margin has been stable in the last couple of years.
With a Operating Margin value of 10.65%, SLX perfoms like the industry average, outperforming 58.75% 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.
SLX's Gross Margin of 27.60% is in line compared to the rest of the industry. SLX outperforms 51.25% of its industry peers.
SLX'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 SLX is still creating some value.
SLX has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, SLX has less shares outstanding
The debt/assets ratio for SLX is higher compared to a year ago.
2.2 Solvency
An Altman-Z score of 3.32 indicates that SLX is not in any danger for bankruptcy at the moment.
The Altman-Z score of SLX (3.32) is better than 72.50% of its industry peers.
SLX has a debt to FCF ratio of 6.05. This is a slightly negative value and a sign of low solvency as SLX would need 6.05 years to pay back of all of its debts.
SLX has a Debt to FCF ratio (6.05) which is in line with 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 in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.32 | ||
| Debt/FCF | 6.05 | ||
| Altman-Z | 3.32 |
ROIC/WACC1.12
WACC7.29%
2.3 Liquidity
A Current Ratio of 1.80 indicates that SLX should not have too much problems paying its short term obligations.
SLX has a Current ratio of 1.80. This is in the lower half of the industry: SLX underperforms 65.00% 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 66.25% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.8 | ||
| Quick Ratio | 1.12 |
3. Growth
3.1 Past
SLX shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -18.28%.
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.
Looking at the last year, SLX shows a decrease in Revenue. The Revenue has decreased by -3.62% in the last 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 16.31% on average per year.
SLX is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.56% yearly.
EPS Next Y22.75%
EPS Next 2Y19.47%
EPS Next 3Y16.31%
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.
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
A Price/Earnings ratio of 27.83 indicates a quite expensive valuation of SLX.
63.75% of the companies in the same industry are cheaper than SLX, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of SLX to the average of the S&P500 Index (27.30), we can say SLX is valued inline with the index average.
Based on the Price/Forward Earnings ratio of 16.32, the valuation of SLX can be described as correct.
61.25% of the companies in the same industry are cheaper than SLX, based on the Price/Forward Earnings ratio.
SLX is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.73, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.83 | ||
| Fwd PE | 16.32 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as SLX.
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 61.25% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 34.74 | ||
| EV/EBITDA | 9.65 |
4.3 Compensation for Growth
The 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 16.31% in the coming years.
PEG (NY)1.22
PEG (5Y)16.94
EPS Next 2Y19.47%
EPS Next 3Y16.31%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.38%, SLX is a good candidate for dividend investing.
SLX's Dividend Yield is rather good when compared to the industry average which is at 3.90. SLX pays more dividend than 86.25% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.41, SLX pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.38% |
5.2 History
The dividend of SLX is nicely growing with an annual growth rate of 7.84%!
SLX has been paying a dividend for at least 10 years, so it has a reliable track record.
The dividend of SLX 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 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 2Y19.47%
EPS Next 3Y16.31%
NYSEARCA:SLX (9/12/2025, 8:17:23 PM)
71.5299
-0.67 (-0.93%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobile Components
Earnings (Last)
Earnings (Next)
Inst Owners39.91%
Inst Owner Change-3.72%
Ins Owners0%
Ins Owner ChangeN/A
Market Cap50.48B
Analysts80.87
Price Target86.85 (21.42%)
Short Float %0%
Short Ratio0.6
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.38% |
Yearly Dividend1.59
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)6.13%
PT rev (3m)24.56%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-9.31%
EPS NY rev (3m)-9.31%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.4%
Revenue NY rev (3m)-2.61%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.83 | ||
| Fwd PE | 16.32 | ||
| P/S | 1.61 | ||
| P/FCF | 34.74 | ||
| P/OCF | 12.73 | ||
| P/B | 2.43 | ||
| P/tB | 3.3 | ||
| EV/EBITDA | 9.65 |
EPS(TTM)2.57
EY3.59%
EPS(NY)4.38
Fwd EY6.13%
FCF(TTM)2.06
FCFY2.88%
OCF(TTM)5.62
OCFY7.85%
SpS44.4
BVpS29.43
TBVpS21.66
PEG (NY)1.22
PEG (5Y)16.94
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 | 3.32 |
F-Score5
WACC7.29%
ROIC/WACC1.12
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 Y22.75%
EPS Next 2Y19.47%
EPS Next 3Y16.31%
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 Year66.93%
EBIT Next 3Y23.28%
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%