VANECK SEMICONDUCTOR ETF (SMH) Stock Price, Forecast & Analysis
USA - NASDAQ:SMH - US92189F6768 - ETF
325.1 USD
-12.75 (-3.77%)
324.097 USD
-1 (-0.31%)
Taking everything into account, SMH scores 4 out of 10 in our fundamental rating. SMH was compared to 82 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. While showing a medium growth rate, SMH is valued expensive at the moment. SMH also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year SMH was profitable.
SMH had a positive operating cash flow in the past year.
SMH had positive earnings in each of the past 5 years.
In the past 5 years SMH always reported a positive cash flow from operatings.
1.2 Ratios
SMH has a Return On Assets of 4.39%. This is comparable to the rest of the industry: SMH outperforms 42.68% of its industry peers.
With a Return On Equity value of 8.81%, SMH perfoms like the industry average, outperforming 43.90% of the companies in the same industry.
With a Return On Invested Capital value of 8.17%, SMH perfoms like the industry average, outperforming 41.46% of the companies in the same industry.
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 8.55%.
| 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
SMH has a Profit Margin (5.84%) which is comparable to the rest of the industry.
In the last couple of years the Profit Margin of SMH has remained more or less at the same level.
SMH has a Operating Margin (10.65%) which is comparable to the rest of the industry.
In the last couple of years the Operating Margin of SMH has remained more or less at the same level.
SMH has a worse Gross Margin (27.60%) than 60.98% of its industry peers.
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 less shares outstanding than it did 1 year ago.
The number of shares outstanding for SMH has been reduced compared to 5 years ago.
The debt/assets ratio for SMH is higher compared to a year ago.
2.2 Solvency
SMH has an Altman-Z score of 8.91. This indicates that SMH is financially healthy and has little risk of bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 8.91, SMH belongs to the top of the industry, outperforming 92.68% of the companies in the same industry.
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.
With a Debt to FCF ratio value of 6.05, SMH is not doing good in the industry: 65.85% of the companies in the same industry are doing better.
A Debt/Equity ratio of 0.32 indicates that SMH is not too dependend on debt financing.
SMH has a Debt to Equity ratio of 0.32. This is in the lower half of the industry: SMH underperforms 65.85% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.32 | ||
| Debt/FCF | 6.05 | ||
| Altman-Z | 8.91 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 1.80 indicates that SMH should not have too much problems paying its short term obligations.
SMH's Current ratio of 1.80 is on the low side compared to the rest of the industry. SMH is outperformed by 74.39% of its industry peers.
A Quick Ratio of 1.12 indicates that SMH should not have too much problems paying its short term obligations.
With a Quick ratio value of 1.12, SMH is not doing good in the industry: 76.83% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.8 | ||
| Quick Ratio | 1.12 |
3. Growth
3.1 Past
The earnings per share for SMH have decreased strongly by -18.28% in the last year.
Measured over the past 5 years, SMH shows a small growth in Earnings Per Share. The EPS has been growing by 1.64% on average per year.
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
Based on estimates for the next years, SMH will show a quite strong growth in Earnings Per Share. The EPS will grow by 11.26% on average per year.
The Revenue is expected to grow by 2.85% on average over the next years.
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 5Y2.85%
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
SMH is valuated quite expensively with a Price/Earnings ratio of 127.99.
80.49% of the companies in the same industry are cheaper than SMH, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of SMH to the average of the S&P500 Index (25.07), we can say SMH is valued expensively.
With a Price/Forward Earnings ratio of 90.39, SMH can be considered very expensive at the moment.
81.71% of the companies in the same industry are cheaper than SMH, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 34.08, SMH is valued quite expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 127.99 | ||
| Fwd PE | 90.39 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, SMH is valued a bit more expensive than 79.27% of the companies in the same industry.
75.61% of the companies in the same industry are cheaper than SMH, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 162.28 | ||
| EV/EBITDA | 44.01 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
PEG (NY)173.08
PEG (5Y)77.91
EPS Next 2Y8.86%
EPS Next 3Y11.26%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.77%, SMH is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 4.20, SMH pays a better dividend. On top of this SMH pays more dividend than 100.00% 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 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.77% |
5.2 History
The dividend of SMH is nicely growing with an annual growth rate of 7.84%!
SMH has been paying a dividend for at least 10 years, so it has 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
SMH pays out 62.40% of its income as dividend. 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 2Y8.86%
EPS Next 3Y11.26%
325.1
-12.75 (-3.77%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobile Components
Earnings (Last)
Earnings (Next)
Inst Owners46.28%
Inst Owner Change-4.51%
Ins Owners0%
Ins Owner Change0%
Market Cap0
Revenue(TTM)26.74B
Net Income(TTM)1.56B
Analysts79.17
Price Target395.97 (21.8%)
Short Float %1.22%
Short Ratio0.96
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.77% |
Yearly Dividend1.58
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)0.86%
PT rev (3m)11.28%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-16.83%
EPS NY rev (3m)-25.57%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-2.93%
Revenue NY rev (3m)-3.52%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 127.99 | ||
| Fwd PE | 90.39 | ||
| P/S | 7.53 | ||
| P/FCF | 162.28 | ||
| P/OCF | 59.48 | ||
| P/B | 11.35 | ||
| P/tB | 15.42 | ||
| EV/EBITDA | 44.01 |
EPS(TTM)2.54
EY0.78%
EPS(NY)3.6
Fwd EY1.11%
FCF(TTM)2
FCFY0.62%
OCF(TTM)5.47
OCFY1.68%
SpS43.2
BVpS28.63
TBVpS21.08
PEG (NY)173.08
PEG (5Y)77.91
Graham Number40.45
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 | 8.91 |
F-Score5
WACCN/A
ROIC/WACCN/A
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 5Y2.85%
EBIT growth 1Y-17.5%
EBIT growth 3Y1.98%
EBIT growth 5Y1.14%
EBIT Next Year59.12%
EBIT Next 3Y22.78%
EBIT Next 5Y17.06%
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 325.1 USD. The price decreased by -3.77% in the last trading session.
What is the ChartMill technical and fundamental rating of SMH stock?
SMH has a ChartMill Technical rating of 8 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.