Logo image of VNM

VANECK VIETNAM ETF (VNM) Stock Overview

USA - NYSEARCA:VNM - US92189F8178 - ETF

18.03 USD
+0.28 (+1.58%)
Last: 9/11/2025, 8:21:05 PM
18.11 USD
+0.08 (+0.44%)
Pre-Market: 9/12/2025, 8:38:43 AM
Fundamental Rating

6

VNM gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 80 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 VNM also has an excellent dividend rating. This makes VNM very considerable for value and dividend investing!


Dividend Valuation Growth Profitability Health

Quickly go to:

7

1. Profitability

1.1 Basic Checks

VNM had positive earnings in the past year.
In the past year VNM had a positive cash flow from operations.
VNM had positive earnings in each of the past 5 years.
VNM had a positive operating cash flow in each of the past 5 years.
VNM Yearly Net Income VS EBIT VS OCF VS FCFVNM Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B 3B 4B 5B

1.2 Ratios

With an excellent Return On Assets value of 4.39%, VNM belongs to the best of the industry, outperforming 81.25% of the companies in the same industry.
With a decent Return On Equity value of 8.81%, VNM is doing good in the industry, outperforming 78.75% of the companies in the same industry.
VNM has a better Return On Invested Capital (8.17%) than 77.50% of its industry peers.
The Average Return On Invested Capital over the past 3 years for VNM is in line with the industry average of 8.51%.
Industry RankSector 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%
VNM Yearly ROA, ROE, ROICVNM Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15

1.3 Margins

VNM's Profit Margin of 5.84% is amongst the best of the industry. VNM outperforms 83.75% of its industry peers.
In the last couple of years the Profit Margin of VNM has remained more or less at the same level.
Looking at the Operating Margin, with a value of 10.65%, VNM belongs to the top of the industry, outperforming 85.00% of the companies in the same industry.
In the last couple of years the Operating Margin of VNM has remained more or less at the same level.
VNM has a better Gross Margin (27.60%) than 77.50% of its industry peers.
In the last couple of years the Gross Margin of VNM has remained more or less at the same level.
Industry RankSector 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%
VNM Yearly Profit, Operating, Gross MarginsVNM Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30

More info and screens

5

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
VNM has a worse debt/assets ratio than last year.
VNM Yearly Shares OutstandingVNM Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M
VNM Yearly Total Debt VS Total AssetsVNM Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10B 20B 30B

2.2 Solvency

VNM has an Altman-Z score of 2.24. 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.
VNM has a Altman-Z score of 2.24. This is in the lower half of the industry: VNM underperforms 65.00% 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 better Debt to FCF ratio (6.05) than 70.00% of its industry peers.
A Debt/Equity ratio of 0.32 indicates that VNM is not too dependend on debt financing.
With a decent Debt to Equity ratio value of 0.32, VNM is doing good in the industry, outperforming 72.50% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.32
Debt/FCF 6.05
Altman-Z 2.24
ROIC/WACC1.33
WACC6.14%
VNM Yearly LT Debt VS Equity VS FCFVNM Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5B 10B 15B

2.3 Liquidity

A Current Ratio of 1.80 indicates that VNM should not have too much problems paying its short term obligations.
VNM has a better Current ratio (1.80) than 61.25% 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.
With a Quick ratio value of 1.12, VNM perfoms like the industry average, outperforming 60.00% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.8
Quick Ratio 1.12
VNM Yearly Current Assets VS Current LiabilitesVNM Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B

More info and screens

4

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.
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 16.31% on average per year.
Based on estimates for the next years, VNM will show a small growth in Revenue. The Revenue will grow by 2.56% on average per year.
EPS Next Y22.75%
EPS Next 2Y19.47%
EPS Next 3Y16.31%
EPS Next 5YN/A
Revenue Next Year-1.64%
Revenue Next 2Y0.47%
Revenue Next 3Y1.52%
Revenue Next 5Y2.56%

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.
VNM Yearly Revenue VS EstimatesVNM Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 10B 20B 30B
VNM Yearly EPS VS EstimatesVNM Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 1 2 3 4

More info and screens

9

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 7.04 indicates a rather cheap valuation of VNM.
Based on the Price/Earnings ratio, VNM is valued cheaply inside the industry as 91.25% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 27.43, VNM is valued rather cheaply.
A Price/Forward Earnings ratio of 4.13 indicates a rather cheap valuation of VNM.
91.25% of the companies in the same industry are more expensive than VNM, based on the Price/Forward Earnings ratio.
VNM is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.87, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 7.04
Fwd PE 4.13
VNM Price Earnings VS Forward Price EarningsVNM Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

VNM's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. VNM is cheaper than 91.25% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, VNM is valued cheaper than 81.25% of the companies in the same industry.
Industry RankSector Rank
P/FCF 8.78
EV/EBITDA 2.99
VNM Per share dataVNM EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40

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.
The decent profitability rating of VNM may justify a higher PE ratio.
VNM's earnings are expected to grow with 16.31% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.31
PEG (5Y)4.29
EPS Next 2Y19.47%
EPS Next 3Y16.31%

More info and screens

7

5. Dividend

5.1 Amount

VNM has a Yearly Dividend Yield of 4.49%, which is a nice return.
VNM's Dividend Yield is a higher than the industry average which is at 3.98.
VNM's Dividend Yield is rather good when compared to the S&P500 average which is at 2.45.
Industry RankSector Rank
Dividend Yield 4.49%

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
VNM Yearly Dividends per shareVNM Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 0.2 0.4 0.6

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 2Y19.47%
EPS Next 3Y16.31%
VNM Yearly Income VS Free CF VS DividendVNM Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B 3B
VNM Dividend Payout.VNM Dividend Payout, showing the Payout Ratio.VNM Dividend Payout.PayoutRetained Earnings

More info and screens

VANECK VIETNAM ETF

NYSEARCA:VNM (9/11/2025, 8:21:05 PM)

Premarket: 18.11 +0.08 (+0.44%)

18.03

+0.28 (+1.58%)

Chartmill FA Rating
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobile Components
Earnings (Last)07-24 2025-07-24/amc
Earnings (Next)02-22 2026-02-22/amc
Inst Owners39.91%
Inst Owner Change-17.47%
Ins Owners0%
Ins Owner ChangeN/A
Market Cap12.72B
Analysts80.87
Price Target20.43 (13.31%)
Short Float %0.4%
Short Ratio3.35
Dividend
Industry RankSector Rank
Dividend Yield 4.49%
Yearly Dividend1.58
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)16.18%
PT rev (3m)33.4%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-9.31%
EPS NY rev (3m)-9.31%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.24%
Revenue NY rev (3m)-2.45%
Valuation
Industry RankSector Rank
PE 7.04
Fwd PE 4.13
P/S 0.41
P/FCF 8.78
P/OCF 3.22
P/B 0.61
P/tB 0.83
EV/EBITDA 2.99
EPS(TTM)2.56
EY14.2%
EPS(NY)4.37
Fwd EY24.23%
FCF(TTM)2.05
FCFY11.39%
OCF(TTM)5.6
OCFY31.07%
SpS44.27
BVpS29.34
TBVpS21.6
PEG (NY)0.31
PEG (5Y)4.29
Profitability
Industry RankSector 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 RankSector 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 2.24
F-Score5
WACC6.14%
ROIC/WACC1.33
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 Y22.75%
EPS Next 2Y19.47%
EPS Next 3Y16.31%
EPS Next 5YN/A
Revenue 1Y (TTM)-3.62%
Revenue growth 3Y4.55%
Revenue growth 5Y2.41%
Sales Q2Q%-3.36%
Revenue Next Year-1.64%
Revenue Next 2Y0.47%
Revenue Next 3Y1.52%
Revenue Next 5Y2.56%
EBIT growth 1Y-17.5%
EBIT growth 3Y1.98%
EBIT growth 5Y1.14%
EBIT Next Year66.93%
EBIT Next 3Y23.28%
EBIT Next 5Y17.51%
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%