VanEck Africa Financial Statements From 2010 to 2024
| AFK Etf | USD 16.18 0.11 0.68% |
Check VanEck Africa financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among VanEck Africa's main balance sheet or income statement drivers, such as , as well as many indicators such as . VanEck financial statements analysis is a perfect complement when working with VanEck Africa Valuation or Volatility modules.
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VanEck Africa Index ETF Price To Earning Analysis
VanEck Africa's Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Current VanEck Africa Price To Earning | 12.90 X |
Most of VanEck Africa's fundamental indicators, such as Price To Earning, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, VanEck Africa Index is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
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VanEck Africa Price To Earning Component Assessment
Based on the latest financial disclosure, VanEck Africa Index has a Price To Earning of 12.9 times. This is 372.53% higher than that of the VanEck family and 183.1% higher than that of the Miscellaneous Region category. The price to earning for all United States etfs is notably lower than that of the firm.
VanEck Africa Index Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining VanEck Africa's current stock value. Our valuation model uses many indicators to compare VanEck Africa value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across VanEck Africa competition to find correlations between indicators driving VanEck Africa's intrinsic value. More Info.VanEck Africa Index is the top ETF in price to earning as compared to similar ETFs. It also is the top ETF in price to book as compared to similar ETFs fabricating about 0.12 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for VanEck Africa Index is roughly 8.43 . Comparative valuation analysis is a catch-all technique that is used if you cannot value VanEck Africa by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.About VanEck Africa Financial Statements
VanEck Africa investors utilize fundamental indicators, such as revenue or net income, to predict how VanEck Etf might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
The fund normallyinvests at least 80 percent of its total assets in securities that comprise the funds benchmark index. Vaneck Africa is traded on NYSEARCA Exchange in the United States.
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The market value of VanEck Africa Index is measured differently than its book value, which is the value of VanEck that is recorded on the company's balance sheet. Investors also form their own opinion of VanEck Africa's value that differs from its market value or its book value, called intrinsic value, which is VanEck Africa's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because VanEck Africa's market value can be influenced by many factors that don't directly affect VanEck Africa's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between VanEck Africa's value and its price as these two are different measures arrived at by different means. Investors typically determine if VanEck Africa is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VanEck Africa's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.