VANECK VIETNAM ETF (VNM) Stock Overview
USA - NYSEARCA:VNM - US92189F8178 - ETF
18.75 USD
+0.32 (+1.74%)
18.6907 USD
-0.06 (-0.32%)
We assign a fundamental rating of 6 out of 10 to VNM. VNM was compared to 81 industry peers in the Automobile Components industry. VNM has an excellent profitability rating, but there are some minor concerns on its financial health. VNM may be a bit undervalued, certainly considering the very reasonable score on growth Finally VNM also has an excellent dividend rating. This makes VNM very considerable for value and dividend investing!
1. Profitability
1.1 Basic Checks
In the past year VNM was profitable.
In the past year VNM had a positive cash flow from operations.
VNM had positive earnings in each of the past 5 years.
Each year in the past 5 years VNM had a positive operating cash flow.
1.2 Ratios
VNM has a Return On Assets of 4.39%. This is amongst the best in the industry. VNM outperforms 80.25% of its industry peers.
Looking at the Return On Equity, with a value of 8.81%, VNM is in the better half of the industry, outperforming 79.01% of the companies in the same industry.
With a decent Return On Invested Capital value of 8.17%, VNM is doing good in the industry, outperforming 77.78% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for VNM 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
VNM has a better Profit Margin (5.84%) than 83.95% of its industry peers.
VNM's Profit Margin has been stable in the last couple of years.
The Operating Margin of VNM (10.65%) is better than 85.19% of its industry peers.
In the last couple of years the Operating Margin of VNM has remained more or less at the same level.
VNM has a Gross Margin of 27.60%. This is in the better half of the industry: VNM outperforms 76.54% of its industry peers.
VNM'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 VNM is still creating some value.
VNM has less shares outstanding than it did 1 year ago.
The number of shares outstanding for VNM has been reduced compared to 5 years ago.
Compared to 1 year ago, VNM has a worse debt to assets ratio.
2.2 Solvency
VNM has an Altman-Z score of 2.25. This is not the best score and indicates that VNM is in the grey zone with still only limited risk for bankruptcy at the moment.
With a Altman-Z score value of 2.25, VNM is not doing good in the industry: 64.20% of the companies in the same industry are doing better.
VNM has a debt to FCF ratio of 6.05. This is a slightly negative value and a sign of low solvency as VNM would need 6.05 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 6.05, VNM is doing good in the industry, outperforming 70.37% of the companies in the same industry.
VNM has a Debt/Equity ratio of 0.32. This is a healthy value indicating a solid balance between debt and equity.
With a decent Debt to Equity ratio value of 0.32, VNM is doing good in the industry, outperforming 72.84% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.32 | ||
| Debt/FCF | 6.05 | ||
| Altman-Z | 2.25 |
ROIC/WACC1.29
WACC6.31%
2.3 Liquidity
VNM has a Current Ratio of 1.80. This is a normal value and indicates that VNM is financially healthy and should not expect problems in meeting its short term obligations.
The Current ratio of VNM (1.80) is better than 61.73% of its industry peers.
VNM has a Quick Ratio of 1.12. This is a normal value and indicates that VNM 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, VNM is in the better half of the industry, outperforming 60.49% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.8 | ||
| Quick Ratio | 1.12 |
3. Growth
3.1 Past
VNM 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, VNM 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, VNM will show a quite strong growth in Earnings Per Share. The EPS will grow by 15.63% on average per year.
VNM is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.47% yearly.
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 7.35, the valuation of VNM can be described as very cheap.
Based on the Price/Earnings ratio, VNM is valued cheaply inside the industry as 90.12% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 27.70. VNM is valued rather cheaply when compared to this.
With a Price/Forward Earnings ratio of 4.39, the valuation of VNM can be described as very cheap.
92.59% of the companies in the same industry are more expensive than VNM, based on the Price/Forward Earnings ratio.
VNM's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 23.15.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.35 | ||
| Fwd PE | 4.39 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of VNM indicates a rather cheap valuation: VNM is cheaper than 91.36% of the companies listed in the same industry.
81.48% of the companies in the same industry are more expensive than VNM, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.18 | ||
| EV/EBITDA | 3.05 |
4.3 Compensation for Growth
VNM's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
VNM has a very decent profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as VNM's earnings are expected to grow with 15.63% in the coming years.
PEG (NY)0.35
PEG (5Y)4.48
EPS Next 2Y18.35%
EPS Next 3Y15.63%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.41%, VNM is a good candidate for dividend investing.
VNM's Dividend Yield is a higher than the industry average which is at 3.93.
Compared to an average S&P500 Dividend Yield of 2.44, VNM pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.41% |
5.2 History
On average, the dividend of VNM grows each year by 7.84%, which is quite nice.
VNM has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)7.84%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
62.40% of the earnings are spent on dividend by VNM. This is not a sustainable payout ratio.
VNM's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP62.4%
EPS Next 2Y18.35%
EPS Next 3Y15.63%
18.75
+0.32 (+1.74%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobile Components
Earnings (Last)
Earnings (Next)
Inst Owners46.28%
Inst Owner Change0%
Ins Owners0%
Ins Owner ChangeN/A
Market Cap13.23B
Analysts80
Price Target21.41 (14.19%)
Short Float %0.35%
Short Ratio3.39
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.41% |
Yearly Dividend1.59
Dividend Growth(5Y)7.84%
DP62.4%
Div Incr Years0
Div Non Decr Years0
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)4.81%
PT rev (3m)39.82%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-1.32%
EPS NY rev (3m)-10.51%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.37%
Revenue NY rev (3m)-2.81%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.35 | ||
| Fwd PE | 4.39 | ||
| P/S | 0.43 | ||
| P/FCF | 9.18 | ||
| P/OCF | 3.36 | ||
| P/B | 0.64 | ||
| P/tB | 0.87 | ||
| EV/EBITDA | 3.05 |
EPS(TTM)2.55
EY13.6%
EPS(NY)4.27
Fwd EY22.76%
FCF(TTM)2.04
FCFY10.9%
OCF(TTM)5.57
OCFY29.72%
SpS44.05
BVpS29.2
TBVpS21.49
PEG (NY)0.35
PEG (5Y)4.48
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 | 2.25 |
F-Score5
WACC6.31%
ROIC/WACC1.29
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%