VANECK VIETNAM ETF (VNM) Stock Price, Forecast & Analysis
USA - NYSEARCA:VNM - US92189F8178 - ETF
16.88 USD
-0.44 (-2.54%)
16.97 USD
+0.09 (+0.53%)
Taking everything into account, VNM scores 6 out of 10 in our fundamental rating. VNM was compared to 82 industry peers in the Automobile Components industry. VNM scores excellent on profitability, but there are some minor concerns on its financial health. VNM may be a bit undervalued, certainly considering the very reasonable score on growth This makes VNM very considerable 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.
Each year in the past 5 years VNM has been profitable.
In the past 5 years VNM always reported a positive cash flow from operatings.
1.2 Ratios
VNM has a Return On Assets of 4.39%. This is amongst the best in the industry. VNM outperforms 84.15% of its industry peers.
With an excellent Return On Equity value of 8.81%, VNM belongs to the best of the industry, outperforming 85.37% of the companies in the same industry.
VNM has a better Return On Invested Capital (8.17%) than 81.71% of its industry peers.
VNM had an Average Return On Invested Capital over the past 3 years of 9.25%. This is in line with the industry average of 8.54%.
| 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.
In the last couple of years the Profit Margin of VNM has remained more or less at the same level.
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.
With an excellent Gross Margin value of 27.60%, VNM belongs to the best of the industry, outperforming 80.49% of the companies in the same industry.
In the last couple of years the Gross Margin of VNM has remained more or less at the same level.
| 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.
VNM has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, VNM has less shares outstanding
Compared to 1 year ago, VNM has a worse debt to assets ratio.
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's Altman-Z score of 2.22 is on the low side compared to the rest of the industry. VNM is outperformed by 65.85% of its industry peers.
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.
VNM has a better Debt to FCF ratio (6.05) than 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 has a better Debt to Equity ratio (0.32) than 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.
With a decent Current ratio value of 1.80, VNM is doing good in the industry, outperforming 67.07% of the companies in the same industry.
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.
The Quick ratio of VNM (1.12) is better than 64.63% of its industry peers.
| 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
VNM is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 11.26% yearly.
VNM is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.85% yearly.
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
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 stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 6.67, which indicates a rather cheap valuation of VNM.
Based on the Price/Earnings ratio, VNM is valued cheaply inside the industry as 93.90% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of VNM to the average of the S&P500 Index (26.06), we can say VNM is valued rather cheaply.
VNM is valuated cheaply with a Price/Forward Earnings ratio of 4.70.
VNM's Price/Forward Earnings ratio is rather cheap when compared to the industry. VNM is cheaper than 96.34% of the companies in the same industry.
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
VNM's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. VNM is cheaper than 95.12% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, VNM is valued cheaply inside the industry as 85.37% of the companies are valued more expensively.
| 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
With a Yearly Dividend Yield of 4.89%, VNM is a good candidate for dividend investing.
VNM's Dividend Yield is comparable with the industry average which is at 4.29.
VNM's Dividend Yield is rather good when compared to the S&P500 average which is at 2.37.
| 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
VNM pays out 62.40% of its income as dividend. 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.