SPDR S&P 500 ETF Trust Valuation

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

SPYDA (A$920) is trading below our estimate of [[fair value]] (A$1862.72)

Is SPYDA 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 SPYDA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SPYDA (A$920) is trading below our estimate of fair value (A$1862.72)

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

Key Valuation Metric

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

Key metric: As SPYDA is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for SPYDA. This is calculated by dividing SPYDA's market cap by their current earnings.
What is SPYDA's PE Ratio?
PE Ratio	5.3x
Earnings	US$117.90b
Market Cap	US$624.35b

SPYDA 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	92.4x
Enterprise Value/EBITDA	n/a
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

Insufficient data to calculate this valuation analysis check

The above table shows the PE ratio for SPYDA 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
SPYDA SPDR S&P 500 ETF Trust	5.3x	n/a	AU$624.3b

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

Price to Earnings Ratio vs Industry

How does SPYDA's PE Ratio compare vs other companies in the AU Capital Markets Industry?

4 Companies	Price / Earnings	Estimated Growth	Market Cap
KBC Keybridge Capital	1.4x	n/a	US$6.46m
OEQ Orion Equities	0.6x	n/a	US$1.21m
QUE Queste Communications	0.8x	n/a	US$861.28k
PEQA Pritchard Equity	2.7x	n/a	US$861.02k

No more companies available in this PE range

4 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: SPYDA is good value based on its Price-To-Earnings Ratio (5.3x) compared to the Australian Capital Markets industry average (20x).

Price to Earnings Ratio vs Fair Ratio

What is SPYDA'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.

SPYDA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	5.3x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate SPYDA'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.

Discover undervalued companies

OFX Group

AU$323.5m

Provides international payments and foreign exchange services in the Asia Pacific, North America, Europe, the Middle East, and Africa.

OFX

AU$1.33

-1.1%

-6.4%

Navigator Global Investments

AU$830.7m

HFA Holdings Limited operates as a fund management company in Australia.

NGI

AU$1.68

1.5%

37.3%

Perpetual

AU$2.4b

A publicly owned investment manager.

PPT

AU$21.27

-1.1%

-5.0%