VictoryShares International Free Cash Flow Growth ETF

VictoryShares International Free Cash Flow Growth ETF

GRIN
VictoryShares International Free Cash Flow Growth ETFUS flagNASDAQ Global Market
27.08
USD
-0.31
(+0.84%)
1.06EPS
26.16P/E
155.73MMarket Cap
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
TTM
Revenue per Share
22.79
19.49
21.48
16.73
14.31
11.11
23.8
24.3
19.83
19.88
Basic EPS, GAAP
-4.74
-2.29
-3.19
-1.08
-2.29
-2.05
6.21
5.45
-0.49
-0.49
Free Cash Flow per Basic Share
5.89
-1.15
0.11
-1.98
-2.94
3.69
10.69
9.8
7.9
7.92
Dividend per Share
0.22
- -
0.09
- -
- -
- -
0.71
7.17
0.06
0.06
Book Value per Share
22.36
20.06
16.47
16.45
14.2
12.41
17.95
16.47
13.86
13.9
Tangible Book Value per Share
19.86
17.86
16.33
14.96
13.19
13.32
16.68
15.16
11.95
11.98
Basic Weighted Avg Shares
19
19
19
19
19
19
19
19
20
19
Sales/Revenue/Turnover
434
372
410
319
272
211
456
460
387
387
Operating Margin (%)
-0.45
-6.88
-2.63
-6.96
-5.07
-8.26
30.89
25.79
1.8
1.8
Depreciation Expense
28
22
20
14
49
52
62
67
58
58
Net Income, GAAP
-90
-44
-61
-21
-43
-39
119
103
-10
-10
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
0.73
- -
3.95
Profit Margin (%)
-20.8
-11.76
-14.85
-6.47
-15.97
-18.41
26.09
22.45
-2.49
-2.49
Working Capital
-22
19
24
66
5
-35
61
15
11
11
LT Debt
8
78
21
96
178
248
224
170
125
125
Total Equity
399
363
320
293
252
254
320
287
246
246
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
21.22
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
20.48
- -
4.37
Return on Common Equity (%)
- -
-10.81
-17.46
-6.58
-14.9
-15.35
41.08
31.52
-3.3
-3.3

Capital Structure

FRC

in mil. unless spec.
Jun'23
Sep'23
Dec'23
ST Debt
56
39
51
LT Borrowings
141
128
124
LT Finance Leases
3
2
1
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
19
19
20
Market Capitalization
144
161
175

Working Capital

FRC

in mil. unless spec.
Jun'23
Sep'23
Dec'23
Total Current Assets
123
108
98
Cash, Cash Equivalents & STI
83
71
55
Accounts Receivable, Net
7
4
7
Inventories
13
11
11
Total Current Liabilities
75
61
87
Payables & Accruals
15
18
32
ST Debt
56
39
51
Deferred Revenue
3
4
3

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
-2.33%
-14.38%
Free Cash Flow
- -
-2.16%
-16.97%
Net Income, GAAP
- -
-85.81%
-109.31%
Sales/Revenue/Turnover
- -
12.83%
-15.93%
Total Cash Common Dividend
- -
- -
-99.14%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2021
68
110
135
89
456
2022
110
162
107
81
460
2023
77
109
112
89
387

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2021
0.12
1.02
2.29
2.79
6.21
2022
1.55
2.99
1.17
-0.24
5.45
2023
-0.22
0.28
-0.44
- -
-0.49

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2021
- -
- -
- -
- -
0.71
2022
0.73
0.47
0.84
5.08
7.17
2023
0.03
0.03
- -
- -
0.06

Company Description

APIChat
Sector
Financial Services
Industry
Asset Management - Global
Address
15935 La Cantera Parkway San Antonio TX United States of America 78256
IPO Date
Jun 26, 2025
Website
vcm.com
Business
VictoryShares International Free Cash Flow Growth ETF (GRIN) is an exchange-traded fund that tracks the Victory International Free Cash Flow Growth Index, providing investors with targeted exposure to high-quality, large-cap growth companies in developed markets outside the United States that demonstrate strong free cash flow profitability and growth prospects. The ETF selects approximately 100 profitable international equities from a starting universe excluding U.S. financials and real estate companies with negative free cash flow trends; it emphasizes firms with positive five-year free cash flow trends, high free cash flow to invested capital ratios, robust sales and EBITDA growth rates incorporating forward estimates, and favorable momentum, with holdings rebalanced quarterly, individual positions capped at 4%, and sector exposures limited to 45% or no more than 20% above the starting universe benchmark. Key sectors include industrials (37.56%), information technology (17.45%), and consumer discretionary (18.42%), with top holdings such as Rolls-Royce Holdings plc, Siemens Energy AG, and Agnico Eagle Mines Limited; geographic focus spans Canada (20.60%), Japan (14.99%), the United Kingdom (11.98%), and other developed markets like Australia, Germany, and France. Launched on June 25, 2025, and listed on NASDAQ with ticker GRIN and CUSIP 92647X749, the fund is issued and managed by Victory Capital Management Inc., headquartered in San Antonio, Texas, which traces its origins to 1894 and oversees a suite of 26 VictoryShares ETFs encompassing factor-based, active fixed income, and thematic strategies. Recent developments include its launch alongside VictoryShares International Free Cash Flow ETF (IFLO) and VictoryShares Pioneer Asset-Based Income ETF (ABI) on June 25, 2025, expanding Victory Capital's next-generation free cash flow offerings to developed international markets using the same rules-based methodology as existing U.S.-focused FCF ETFs; this followed Victory Capital's strategic partnership with Amundi, closed in April 2025, enhancing its U.S. investment platform and distribution capabilities.

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