NasdaqGM:PFM

Stock Analysis Report

Invesco Exchange-Traded Fund Trust - Invesco Dividend Achievers ETF

Executive Summary

Invesco Exchange-Traded Fund Trust - Invesco Dividend Achievers ETF is an exchange traded fund launched and managed by Invesco Capital Management LLC.

Rewards


Snowflake Analysis

Share Price & News

How has Invesco Exchange-Traded Fund Trust - Invesco Dividend Achievers ETF's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

-2.6%

PFM

-4.2%

US Capital Markets

-4.2%

US Market


1 Year Return

13.2%

PFM

12.0%

US Capital Markets

14.0%

US Market

Return vs Industry: PFM matched the US Capital Markets industry which returned 15.4% over the past year.

Return vs Market: PFM underperformed the US Market which returned 17.8% over the past year.


Shareholder returns

PFMIndustryMarket
7 Day-2.6%-4.2%-4.2%
30 Day-1.2%-2.1%-1.8%
90 Day1.9%1.1%2.6%
1 Year15.6%13.2%14.3%12.0%16.3%14.0%
3 Year37.1%29.2%35.2%27.6%43.2%34.0%
5 Year57.6%41.2%74.5%58.3%65.9%47.6%

Price Volatility Vs. Market

How volatile is Invesco Exchange-Traded Fund Trust - Invesco Dividend Achievers ETF's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Invesco Exchange-Traded Fund Trust - Invesco Dividend Achievers ETF undervalued compared to its fair value and its price relative to the market?

19.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: PFM ($31.51) is trading below our estimate of fair value ($38.19)

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


Price To Earnings Ratio

PE vs Industry: PFM is good value based on its PE Ratio (7.7x) compared to the Capital Markets industry average (33.9x).

PE vs Market: PFM is good value based on its PE Ratio (7.7x) compared to the US market (18.2x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: PFM is good value based on its PB Ratio (1.1x) compared to the US Capital Markets industry average (6.6x).

Future Growth

How is Invesco Exchange-Traded Fund Trust - Invesco Dividend Achievers ETF forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

8.7%

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 Invesco Exchange-Traded Fund Trust - Invesco Dividend Achievers 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 Invesco Exchange-Traded Fund Trust - Invesco Dividend Achievers ETF performed over the past 5 years?

15.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PFM has a large one-off gain of $36.1M impacting its October 31 2019 financial results.

Growing Profit Margin: PFM's current net profit margins are higher than last year .


Past Earnings Growth Analysis

Earnings Trend: PFM's earnings have grown by 15.6% per year over the past 5 years.

Accelerating Growth: PFM's earnings growth over the past year (114.5%) exceeds its 5-year average (15.6% per year).

Earnings vs Industry: PFM earnings growth over the past year (114.5%) exceeded the Capital Markets industry 8.4%.


Return on Equity

High ROE: PFM's Return on Equity (13.9%) is considered low.

Financial Health

How is Invesco Exchange-Traded Fund Trust - Invesco Dividend Achievers 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: PFM has a low level of unsold assets or inventory.

Debt Coverage by Assets: PFM's debt is covered by short term assets (assets are 1.1x debt).


Financial Institutions Analysis

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

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

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

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

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

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

Dividend

What is Invesco Exchange-Traded Fund Trust - Invesco Dividend Achievers ETF's current dividend yield, its reliability and sustainability?

1.88%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: PFM's dividend (1.84%) is higher than the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: PFM's dividend (1.84%) is low compared to the top 25% of dividend payers in the US market (3.73%).


Stability and Growth of Payments

Stable Dividend: PFM's dividends per share have been stable in the past 10 years.

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


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (14.1%), PFM's dividend payments are thoroughly 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

How experienced are the management team and are they aligned to shareholders interests?

11.5yrs

Average management tenure


CEO

Invesco Exchange-Traded Fund Trust - Invesco Dividend Achievers ETF has no CEO, or we have no data on them.


Leadership Team

NamePositionTenureCompensationOwnership
Peter Hubbard
Portfolio Manager12.7yrsno datano data
Michael Jeanette
Portfolio Manager11.5yrsno datano data
Tony Seisser
Portfolio Manager5.5yrsno datano data

11.5yrs

Average Tenure

Experienced Management: PFM's management team is seasoned and experienced (11.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

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.


Top Shareholders

Company Information

Invesco Exchange-Traded Fund Trust - Invesco Dividend Achievers ETF's company bio, employee growth, exchange listings and data sources


Key Information


Location

  • Invesco Exchange-Traded Fund Trust - Invesco Dividend Achievers ETF
  • 3500 Lacey Road
  • Suite 700
  • Downers Grove
  • Illinois
  • 60515
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PFMNasdaqGM (Nasdaq Global Market)YesShare CapitalUSUSDSep 2005

Biography

Invesco Exchange-Traded Fund Trust - Invesco Dividend Achievers ETF is an exchange traded fund launched and managed by Invesco Capital Management LLC. It invests in public equity markets of the United States. It invests in stocks of companies operating across diversified sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. The fund invests in dividend paying stocks of companies. It seeks to track the performance of the NASDAQ US Broad Dividend Achievers Index, by using full replication technique. Invesco Exchange-Traded Fund Trust - Invesco Dividend Achievers ETF was formed on September 15, 2005 and is domiciled in the United States. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/25 01:06
End of Day Share Price2020/02/24 00:00
Earnings2019/10/31
Annual Earnings2019/04/30


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.