VANECK SEMICONDUCTOR ETF (SMH) Stock Price, Forecast & Analysis
USA - NASDAQ:SMH - US92189F6768 - ETF
363.02 USD
-0.71 (-0.2%)
363.3 USD
+0.28 (+0.08%)
SMH gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 83 industry peers in the Automobile Components industry. Both the profitability and the financial health of SMH get a neutral evaluation. Nothing too spectacular is happening here. SMH is valied quite expensively at the moment, while it does show a decent growth rate. Finally SMH also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
SMH had positive earnings in the past year.
SMH had a positive operating cash flow in the past year.
Each year in the past 5 years SMH has been profitable.
In the past 5 years SMH always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of SMH (4.39%) is comparable to the rest of the industry.
SMH has a Return On Equity of 8.81%. This is comparable to the rest of the industry: SMH outperforms 42.17% of its industry peers.
SMH has a Return On Invested Capital (8.17%) which is in line with its industry peers.
SMH had an Average Return On Invested Capital over the past 3 years of 9.25%. This is in line with the industry average of 8.50%.
| 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%, SMH perfoms like the industry average, outperforming 46.99% of the companies in the same industry.
SMH's Profit Margin has been stable in the last couple of years.
Looking at the Operating Margin, with a value of 10.65%, SMH is in line with its industry, outperforming 48.19% of the companies in the same industry.
SMH's Operating Margin has been stable in the last couple of years.
Looking at the Gross Margin, with a value of 27.60%, SMH is doing worse than 60.24% of the companies in the same industry.
SMH'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
SMH has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
SMH has less shares outstanding than it did 1 year ago.
The number of shares outstanding for SMH has been reduced compared to 5 years ago.
Compared to 1 year ago, SMH has a worse debt to assets ratio.
2.2 Solvency
An Altman-Z score of 9.35 indicates that SMH is not in any danger for bankruptcy at the moment.
SMH's Altman-Z score of 9.35 is amongst the best of the industry. SMH outperforms 92.77% of its industry peers.
The Debt to FCF ratio of SMH is 6.05, which is on the high side as it means it would take SMH, 6.05 years of fcf income to pay off all of its debts.
SMH's Debt to FCF ratio of 6.05 is on the low side compared to the rest of the industry. SMH is outperformed by 65.06% of its industry peers.
A Debt/Equity ratio of 0.32 indicates that SMH is not too dependend on debt financing.
With a Debt to Equity ratio value of 0.32, SMH is not doing good in the industry: 65.06% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.32 | ||
| Debt/FCF | 6.05 | ||
| Altman-Z | 9.35 |
ROIC/WACC1.02
WACC8.01%
2.3 Liquidity
SMH has a Current Ratio of 1.80. This is a normal value and indicates that SMH is financially healthy and should not expect problems in meeting its short term obligations.
SMH has a worse Current ratio (1.80) than 74.70% of its industry peers.
SMH has a Quick Ratio of 1.12. This is a normal value and indicates that SMH is financially healthy and should not expect problems in meeting its short term obligations.
SMH's Quick ratio of 1.12 is on the low side compared to the rest of the industry. SMH is outperformed by 75.90% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.8 | ||
| Quick Ratio | 1.12 |
3. Growth
3.1 Past
SMH shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -18.28%.
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.
Measured over the past years, SMH shows a small growth in Revenue. The Revenue has been growing by 2.41% on average per year.
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
SMH is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 15.63% yearly.
Based on estimates for the next years, SMH 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.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 143.49, the valuation of SMH can be described as expensive.
Compared to the rest of the industry, the Price/Earnings ratio of SMH indicates a slightly more expensive valuation: SMH is more expensive than 79.52% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of SMH to the average of the S&P500 Index (26.10), we can say SMH is valued expensively.
SMH is valuated quite expensively with a Price/Forward Earnings ratio of 85.65.
Compared to the rest of the industry, the Price/Forward Earnings ratio of SMH indicates a rather expensive valuation: SMH more expensive than 80.72% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.52, SMH is valued quite expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 143.49 | ||
| Fwd PE | 85.65 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of SMH indicates a slightly more expensive valuation: SMH is more expensive than 78.31% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, SMH is valued a bit more expensive than the industry average as 74.70% of the companies are valued more cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 178.89 | ||
| EV/EBITDA | 46.73 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates SMH does not grow enough to justify the current Price/Earnings ratio.
A more expensive valuation may be justified as SMH's earnings are expected to grow with 15.63% in the coming years.
PEG (NY)6.79
PEG (5Y)87.34
EPS Next 2Y18.35%
EPS Next 3Y15.63%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.99%, SMH is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 4.40, SMH pays a better dividend. On top of this SMH pays more dividend than 98.80% of the companies listed in the same industry.
SMH's Dividend Yield is rather good when compared to the S&P500 average which is at 2.35.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.99% |
5.2 History
On average, the dividend of SMH grows each year by 7.84%, which is quite nice.
SMH has paid a dividend for at least 10 years, which is a reliable track record.
SMH 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 SMH. This is not a sustainable payout ratio.
The dividend of SMH is growing, but earnings are growing more, so the dividend growth is sustainable.
DP62.4%
EPS Next 2Y18.35%
EPS Next 3Y15.63%
363.02
-0.71 (-0.2%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobile Components
Earnings (Last)
Earnings (Next)
Inst Owners46.28%
Inst Owner Change0.03%
Ins Owners0%
Ins Owner Change0%
Market Cap256.20B
Revenue(TTM)26.74B
Net Income(TTM)1.56B
Analysts80
Price Target392.61 (8.15%)
Short Float %1.47%
Short Ratio1.19
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)7.39%
PT rev (3m)15.48%
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 | 143.49 | ||
| Fwd PE | 85.65 | ||
| P/S | 8.3 | ||
| P/FCF | 178.89 | ||
| P/OCF | 65.57 | ||
| P/B | 12.52 | ||
| P/tB | 17 | ||
| EV/EBITDA | 46.73 |
EPS(TTM)2.53
EY0.7%
EPS(NY)4.24
Fwd EY1.17%
FCF(TTM)2.03
FCFY0.56%
OCF(TTM)5.54
OCFY1.53%
SpS43.76
BVpS29
TBVpS21.35
PEG (NY)6.79
PEG (5Y)87.34
Graham Number40.63
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 | 9.35 |
F-Score5
WACC8.01%
ROIC/WACC1.02
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 SEMICONDUCTOR ETF / SMH FAQ
What does VANECK SEMICONDUCTOR ETF 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.
What is the stock price of VANECK SEMICONDUCTOR ETF today?
The current stock price of SMH is 363.02 USD. The price decreased by -0.2% in the last trading session.
What is the ChartMill technical and fundamental rating of SMH stock?
SMH has a ChartMill Technical rating of 10 out of 10 and a ChartMill Fundamental rating of 4 out of 10.
Should I buy SMH stock?
This depends on your investment goals. Check the Technical and Fundamental Analysis tabs for insights on SMH.