SPDR S&P 500 ETF Trust Valuation

Q: What is the Fair Price of SPYD when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

SPYD ($28.25) is trading below our estimate of [[fair value]] ($38.09)

Is SPYD undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of SPYD when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SPYD ($28.25) is trading below our estimate of fair value ($38.09)

Significantly Below Fair Value: SPYD is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SPYD?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for SPYD. This is calculated by dividing SPYD's market cap by their current preferred multiple.
What is SPYD's n/a Ratio?
n/a	0x
n/a	n/a
Market Cap	US$566.24b

SPYD key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	83.7x
Enterprise Value/EBITDA	n/a
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does SPYD's PE Ratio compare to its peers?

Insufficient data to calculate this valuation analysis check

The above table shows the PE ratio for SPYD vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	n/a
SPYD SPDR S&P 500 ETF Trust	4.8x	n/a	US$566.2b

Price-To-Earnings vs Peers: Insufficient data to calculate SPYD's Price-To-Earnings Ratio vs. peers for valuation analysis.

Price to Earnings Ratio vs Industry

How does SPYD's PE Ratio compare vs other companies in the South American Capital Markets Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	15.5%
	n/a	n/a	n/a

Fetching data

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	15.5%
	n/a	n/a	n/a

No more companies

Price-To-Earnings vs Industry: SPYD is good value based on its Price-To-Earnings Ratio (4.8x) compared to the South American Capital Markets industry average (9.5x).

Price to Earnings Ratio vs Fair Ratio

What is SPYD's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SPYD PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	4.8x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate SPYD's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.