VANECK STEEL ETF (SLX) Stock Overview
USA - NYSEARCA:SLX - US92189F2056 - ETF
79 USD
-1.51 (-1.88%)
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!.
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.
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 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'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 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.
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.
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 Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.32 | ||
| Debt/FCF | 6.05 | ||
| Altman-Z | 3.52 |
ROIC/WACC1.08
WACC7.59%
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 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.
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.
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 Rank | Sector Rank | ||
|---|---|---|---|
| PE | 30.98 | ||
| Fwd PE | 18.5 |
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 Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 38.64 | ||
| EV/EBITDA | 10.84 |
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%
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 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.
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.
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%
NYSEARCA:SLX (10/30/2025, 9:47:41 AM)
79
-1.51 (-1.88%)
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 Cap55.75B
Revenue(TTM)26.74B
Net Income(TTM)1.56B
Analysts80
Price Target88.68 (12.25%)
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 | 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 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 | 3.52 |
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.