VANECK VIETNAM ETF (VNM) Stock Price, Forecast & Analysis
USA - NYSEARCA:VNM - US92189F8178 - ETF
16.88 USD
-0.44 (-2.54%)
16.8 USD
-0.08 (-0.47%)
Overall VNM gets a fundamental rating of 6 out of 10. We evaluated VNM against 82 industry peers in the Automobile Components industry. VNM has an excellent profitability rating, but there are some minor concerns on its financial health. A decent growth rate in combination with a cheap valuation! Better keep an eye on VNM. These ratings would make VNM suitable for value investing!
1. Profitability
1.1 Basic Checks
VNM had positive earnings in the past year.
VNM had a positive operating cash flow in the past year.
VNM had positive earnings in each of the past 5 years.
In the past 5 years VNM always reported a positive cash flow from operatings.
1.2 Ratios
VNM's Return On Assets of 4.39% is amongst the best of the industry. VNM outperforms 84.15% of its industry peers.
VNM has a Return On Equity of 8.81%. This is amongst the best in the industry. VNM outperforms 85.37% of its industry peers.
VNM has a better Return On Invested Capital (8.17%) than 81.71% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for VNM is in line with the industry average of 8.54%.
| 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
Looking at the Profit Margin, with a value of 5.84%, VNM belongs to the top of the industry, outperforming 87.80% of the companies in the same industry.
VNM's Profit Margin has been stable in the last couple of years.
The Operating Margin of VNM (10.65%) is better than 89.02% 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 amongst the best in the industry. VNM outperforms 80.49% 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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), VNM is creating some value.
The number of shares outstanding for VNM has been reduced compared to 1 year ago.
The number of shares outstanding for VNM has been reduced compared to 5 years ago.
VNM has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 2.22 indicates that VNM is not a great score, but indicates only limited risk for bankruptcy at the moment.
VNM has a Altman-Z score of 2.22. This is in the lower half of the industry: VNM underperforms 65.85% of its industry peers.
The Debt to FCF ratio of VNM is 6.05, which is on the high side as it means it would take VNM, 6.05 years of fcf income to pay off all of its debts.
VNM has a Debt to FCF ratio of 6.05. This is in the better half of the industry: VNM outperforms 75.61% of its industry peers.
VNM has a Debt/Equity ratio of 0.32. This is a healthy value indicating a solid balance between debt and equity.
VNM's Debt to Equity ratio of 0.32 is fine compared to the rest of the industry. VNM outperforms 75.61% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.32 | ||
| Debt/FCF | 6.05 | ||
| Altman-Z | 2.22 |
ROIC/WACC1.31
WACC6.24%
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.
Looking at the Current ratio, with a value of 1.80, VNM is in the better half of the industry, outperforming 67.07% of the companies in the same industry.
A Quick Ratio of 1.12 indicates that VNM should not have too much problems paying its short term obligations.
VNM's Quick ratio of 1.12 is fine compared to the rest of the industry. VNM outperforms 64.63% 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 VNM have decreased strongly by -18.28% in the last year.
VNM shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 1.64% yearly.
Looking at the last year, VNM shows a decrease in Revenue. The Revenue has decreased by -3.62% in the last year.
VNM shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.41% yearly.
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 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
The Price/Earnings ratio is 6.67, which indicates a rather cheap valuation of VNM.
Compared to the rest of the industry, the Price/Earnings ratio of VNM indicates a rather cheap valuation: VNM is cheaper than 93.90% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.06, VNM is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 4.70, the valuation of VNM can be described as very cheap.
96.34% of the companies in the same industry are more expensive than VNM, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 32.73, VNM is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.67 | ||
| Fwd PE | 4.7 |
4.2 Price Multiples
95.12% of the companies in the same industry are more expensive than VNM, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, VNM is valued cheaper than 85.37% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.31 | ||
| EV/EBITDA | 2.87 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates VNM does not grow enough to justify the current Price/Earnings ratio.
The excellent profitability rating of VNM may justify a higher PE ratio.
PEG (NY)9.02
PEG (5Y)4.06
EPS Next 2Y8.86%
EPS Next 3Y11.26%
5. Dividend
5.1 Amount
VNM has a Yearly Dividend Yield of 4.89%, which is a nice return.
Compared to an average industry Dividend Yield of 4.29, VNM has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.36, VNM pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.89% |
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.
The dividend of VNM is growing, but earnings are growing more, so the dividend growth is sustainable.
DP62.4%
EPS Next 2Y8.86%
EPS Next 3Y11.26%
16.88
-0.44 (-2.54%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobile Components
Earnings (Last)
Earnings (Next)
Inst Owners46.28%
Inst Owner Change-11.22%
Ins Owners0%
Ins Owner ChangeN/A
Market Cap11.91B
Revenue(TTM)26.74B
Net Income(TTM)1.56B
Analysts79.17
Price Target20.81 (23.28%)
Short Float %0.4%
Short Ratio3.04
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.89% |
Yearly Dividend1.56
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)-2.8%
PT rev (3m)2.36%
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 | 6.67 | ||
| Fwd PE | 4.7 | ||
| P/S | 0.39 | ||
| P/FCF | 8.31 | ||
| P/OCF | 3.05 | ||
| P/B | 0.58 | ||
| P/tB | 0.79 | ||
| EV/EBITDA | 2.87 |
EPS(TTM)2.53
EY14.99%
EPS(NY)3.59
Fwd EY21.27%
FCF(TTM)2.03
FCFY12.03%
OCF(TTM)5.54
OCFY32.83%
SpS43.8
BVpS29.03
TBVpS21.37
PEG (NY)9.02
PEG (5Y)4.06
Graham Number40.65
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 | 2.22 |
F-Score5
WACC6.24%
ROIC/WACC1.31
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 VIETNAM ETF / VNM FAQ
What does VNM 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 VIETNAM ETF today?
The current stock price of VNM is 16.88 USD. The price decreased by -2.54% in the last trading session.
What is the ChartMill technical and fundamental rating of VNM stock?
VNM has a ChartMill Technical rating of 3 out of 10 and a ChartMill Fundamental rating of 6 out of 10.