81.09 USD
+0.23 (+0.28%)
We assign a fundamental rating of 4 out of 10 to SLX. SLX was compared to 82 industry peers in the Automobile Components industry. SLX has an average financial health and profitability rating. While showing a medium growth rate, SLX is valued expensive at the moment. 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
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
SLX has a Return On Assets of 4.39%. This is comparable to the rest of the industry: SLX outperforms 53.66% of its industry peers.
SLX has a Return On Equity (8.81%) which is comparable to the rest of the industry.
The Return On Invested Capital of SLX (8.17%) is comparable to the rest of the industry.
Measured over the past 3 years, the Average Return On Invested Capital 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
With a Profit Margin value of 5.84%, SLX perfoms like the industry average, outperforming 57.32% of the companies in the same industry.
In the last couple of years the Profit Margin of SLX has remained more or less at the same level.
With a Operating Margin value of 10.65%, SLX perfoms like the industry average, outperforming 58.54% 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 has a Gross Margin (27.60%) which is in line with 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
SLX has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is 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
SLX has an Altman-Z score of 3.55. 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 3.55, SLX is in the better half of the industry, outperforming 74.39% of the companies in the same industry.
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's Debt to FCF ratio of 6.05 is in line compared to the rest of the industry. SLX outperforms 46.34% of its industry peers.
A Debt/Equity ratio of 0.32 indicates that SLX is not too dependend on debt financing.
With a Debt to Equity ratio value of 0.32, SLX perfoms like the industry average, outperforming 45.12% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.32 | ||
| Debt/FCF | 6.05 | ||
| Altman-Z | 3.55 |
ROIC/WACC1.08
WACC7.53%
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.
Looking at the Current ratio, with a value of 1.80, SLX is doing worse than 63.41% of the companies in the same industry.
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 64.63% of the companies in the same industry.
| 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%.
SLX shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 1.64% yearly.
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
The Earnings Per Share is expected to grow by 11.26% on average over the next years. This is quite good.
Based on estimates for the next years, SLX will show a small growth in Revenue. The Revenue will grow by 3.23% 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 5Y3.23%
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.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 32.05, which means the current valuation is very expensive for SLX.
Based on the Price/Earnings ratio, SLX is valued a bit more expensive than the industry average as 67.07% of the companies are valued more cheaply.
When comparing the Price/Earnings ratio of SLX to the average of the S&P500 Index (26.11), we can say SLX is valued slightly more expensively.
A Price/Forward Earnings ratio of 22.58 indicates a rather expensive valuation of SLX.
67.07% of the companies in the same industry are cheaper than SLX, based on the Price/Forward Earnings ratio.
SLX's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 36.21.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 32.05 | ||
| Fwd PE | 22.58 |
4.2 Price Multiples
SLX's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. SLX is more expensive than 64.63% of the companies 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 64.63% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 40.17 | ||
| EV/EBITDA | 11.02 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates SLX does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)43.34
PEG (5Y)19.51
EPS Next 2Y8.86%
EPS Next 3Y11.26%
5. Dividend
5.1 Amount
SLX has a Yearly Dividend Yield of 4.88%, which is a nice return.
Compared to an average industry Dividend Yield of 4.29, SLX pays a better dividend. On top of this SLX pays more dividend than 89.02% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.32, SLX pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.88% |
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
SLX pays out 62.40% of its income as dividend. 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 2Y8.86%
EPS Next 3Y11.26%
NYSEARCA:SLX (12/1/2025, 5:05:00 PM)
81.09
+0.23 (+0.28%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobile Components
Earnings (Last)
Earnings (Next)
Inst Owners46.28%
Inst Owner Change-21.81%
Ins Owners0%
Ins Owner ChangeN/A
Market Cap57.62B
Revenue(TTM)26.74B
Net Income(TTM)1.56B
Analysts79.17
Price Target89.56 (10.45%)
Short Float %0.01%
Short Ratio1.93
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.88% |
Yearly Dividend1.56
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)0.99%
PT rev (3m)13.08%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-16.83%
EPS NY rev (3m)-17.93%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-2.93%
Revenue NY rev (3m)-3.29%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 32.05 | ||
| Fwd PE | 22.58 | ||
| P/S | 1.86 | ||
| P/FCF | 40.17 | ||
| P/OCF | 14.72 | ||
| P/B | 2.81 | ||
| P/tB | 3.82 | ||
| EV/EBITDA | 11.02 |
EPS(TTM)2.53
EY3.12%
EPS(NY)3.59
Fwd EY4.43%
FCF(TTM)2.02
FCFY2.49%
OCF(TTM)5.51
OCFY6.79%
SpS43.53
BVpS28.85
TBVpS21.24
PEG (NY)43.34
PEG (5Y)19.51
Graham Number40.53
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 | 3.55 |
F-Score5
WACC7.53%
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 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 5Y3.23%
EBIT growth 1Y-17.5%
EBIT growth 3Y1.98%
EBIT growth 5Y1.14%
EBIT Next Year59.12%
EBIT Next 3Y22.78%
EBIT Next 5Y16.72%
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 81.09 USD. The price increased by 0.28% in the last trading session.
What is the ChartMill rating of VANECK STEEL ETF stock?
SLX has a ChartMill Technical rating of 10 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.