TSX:XIU

Stock Analysis Report

iShares S&P/TSX 60 Index ETF

Executive Summary

iShares S&P/TSX 60 Index ETF is an exchange traded fund launched and managed by BlackRock Asset Management Canada Limited.

Snowflake

Share Price & News

How has iShares S&P/TSX 60 Index ETF's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: XIU has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

1.0%

XIU

-0.8%

CA Capital Markets

0.6%

CA Market


1 Year Return

12.5%

XIU

17.3%

CA Capital Markets

7.1%

CA Market

Return vs Industry: XIU underperformed the Canadian Capital Markets industry which returned 17.3% over the past year.

Return vs Market: XIU exceeded the Canadian Market which returned 7.1% over the past year.


Shareholder returns

XIUIndustryMarket
7 Day1.0%-0.8%0.6%
30 Day4.0%0.07%3.2%
90 Day5.7%2.3%4.3%
1 Year15.9%12.5%22.7%17.3%10.7%7.1%
3 Year26.7%16.3%36.2%19.8%18.4%7.8%
5 Year34.0%16.1%30.0%2.9%26.8%8.2%

Price Volatility Vs. Market

How volatile is iShares S&P/TSX 60 Index ETF's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is iShares S&P/TSX 60 Index ETF undervalued compared to its fair value and its price relative to the market?

25.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: XIU (CA$25.76) is trading below our estimate of fair value (CA$34.66)

Significantly Below Fair Value: XIU is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: XIU is poor value based on its PE Ratio (27.6x) compared to the Capital Markets industry average (9.5x).

PE vs Market: XIU is poor value based on its PE Ratio (27.6x) compared to the Canadian market (14.6x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate XIU's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: XIU is overvalued based on its PB Ratio (1x) compared to the CA Capital Markets industry average (0.9x).

Future Growth

How is iShares S&P/TSX 60 Index ETF forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

9.1%

Forecasted Diversified Financials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as iShares S&P/TSX 60 Index ETF has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Past Performance

How has iShares S&P/TSX 60 Index ETF performed over the past 5 years?

-19.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: XIU has high quality earnings.

Growing Profit Margin: XIU's current net profit margins (95.5%) are lower than last year (98.4%).


Past Earnings Growth Analysis

Earnings Trend: XIU's earnings have declined by -19% per year over the past 5 years.

Accelerating Growth: XIU's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: XIU had negative earnings growth (-68.6%) over the past year, making it difficult to compare to the Capital Markets industry average (5.4%).


Return on Equity

High ROE: XIU's Return on Equity (4.3%) is considered low.


Return on Assets


Return on Capital Employed

Financial Health

How is iShares S&P/TSX 60 Index ETF's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: XIU has a low level of unsold assets or inventory.

Debt Coverage by Assets: XIU's debt is covered by short term assets (assets are 20593.7x debt).


Financial Institutions Analysis

Asset Level: XIU's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if XIU has a sufficient allowance for bad loans.

Low Risk Liabilities: XIU reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if XIU has an acceptable proportion of non-loan assets held.

Low Risk Deposits: XIU has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if XIU has an appropriate level of bad loans.

Dividend

What is iShares S&P/TSX 60 Index ETF's current dividend yield, its reliability and sustainability?

2.76%

Current Dividend Yield


Dividend Yield vs Market

company2.8%marketbottom25%2.0%markettop25%5.7%industryaverage4.4%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: XIU's dividend (2.76%) is higher than the bottom 25% of dividend payers in the Canadian market (2%).

High Dividend: XIU's dividend (2.76%) is low compared to the top 25% of dividend payers in the Canadian market (5.67%).


Stability and Growth of Payments

Stable Dividend: XIU's dividend payments have been volatile in the past 10 years.

Growing Dividend: XIU's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.

Management

What is the CEO of iShares S&P/TSX 60 Index ETF's salary, the management and board of directors tenure and is there insider trading?


CEO

iShares S&P/TSX 60 Index ETF has no CEO, or we have no data on them.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Management Team

  • Greg Savage

    Portfolio Manager

    • Tenure: 0yrs
  • Scott Radell (50yo)

    Portfolio Manager

    • Tenure: 0yrs
  • Creighton Jue

    Portfolio Manager

    • Tenure: 0yrs
  • Amy Whitelaw

    Portfolio Manager

    • Tenure: 0yrs

Board Members

  • Rajiv Silgardo

    Director of Barclays Global Investors Canada Limited

    • Tenure: 0yrs
  • Bill Chinery

    Director of Barclays Global Investors Canada Limited

    • Tenure: 0yrs
  • Eric Léveillé

    Director of Barclays Global Investors Canada Limited

    • Tenure: 0yrs

Company Information

iShares S&P/TSX 60 Index ETF's company bio, employee growth, exchange listings and data sources


Key Information


Location

  • iShares S&P/TSX 60 Index ETF
  • 161 Bay Street
  • Suite 2500
  • Toronto
  • Ontario
  • M5J 2S1
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
XIUTSX (The Toronto Stock Exchange)YesUnitsCACADOct 1999
XIU *BMV (Bolsa Mexicana de Valores)YesUnitsMXMXNOct 1999
IUTS.FOTCPK (Pink Sheets LLC)YesUnitsUSUSDOct 1999

Biography

iShares S&P/TSX 60 Index ETF is an exchange traded fund launched and managed by BlackRock Asset Management Canada Limited. It is co-managed by BlackRock Institutional Trust Company, N.A. The fund invests i ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/16 23:38
End of Day Share Price2019/11/15 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.