ARCA:FVAL

Stock Analysis Report

Fidelity Covington Trust - Fidelity Value Factor ETF

Executive Summary

Fidelity Covington Trust - Fidelity Value Factor ETF is an exchange traded fund launched by Fidelity Covington Trust.


Snowflake Analysis

Share Price & News

How has Fidelity Covington Trust - Fidelity Value Factor ETF's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

-8.1%

FVAL

-8.0%

US Capital Markets

-7.4%

US Market


1 Year Return

7.6%

FVAL

8.3%

US Capital Markets

10.5%

US Market

Return vs Industry: FVAL matched the US Capital Markets industry which returned 12% over the past year.

Return vs Market: FVAL underperformed the US Market which returned 14% over the past year.


Shareholder returns

FVALIndustryMarket
7 Day-8.1%-8.0%-7.4%
30 Day-4.4%-4.0%-3.6%
90 Day-3.7%-2.1%-0.6%
1 Year9.7%7.6%10.4%8.3%12.8%10.5%
3 Year29.5%22.5%27.5%20.4%37.4%28.6%
5 Yearn/a70.2%54.4%61.3%43.6%

Price Volatility Vs. Market

How volatile is Fidelity Covington Trust - Fidelity Value Factor ETF's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Fidelity Covington Trust - Fidelity Value Factor ETF undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether Fidelity Covington Trust - Fidelity Value Factor ETF is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Fidelity Covington Trust - Fidelity Value Factor ETF has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.

Future Growth

How is Fidelity Covington Trust - Fidelity Value Factor ETF forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

8.5%

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 Fidelity Covington Trust - Fidelity Value Factor 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 Fidelity Covington Trust - Fidelity Value Factor ETF performed over the past 5 years?

17.3%

Historical Diversified Financials annual earnings growth


In this section we usually display a company’s past earnings and revenues to help investors visualise the trend through time. We also gauge the company’s performance by benchmarking its returns and growth to its industry peers and the wider market. However, Fidelity Covington Trust - Fidelity Value Factor ETF has not provided sufficient past data to assess its track record.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have historical data.

Financial Health

How is Fidelity Covington Trust - Fidelity Value Factor ETF's financial position? (This company is analysed differently as a bank or financial institution)


In this section we usually analyse Fidelity Covington Trust - Fidelity Value Factor ETF's finance health to determine how well-positioned it is against times of financial distress, in particular, its ability to manage its cash and debt levels. Fidelity Covington Trust - Fidelity Value Factor ETF has not provided adequate balance sheet data, its financial health cannot be properly assessed as it.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have financial information.

Dividend

What is Fidelity Covington Trust - Fidelity Value Factor ETF's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate FVAL's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate FVAL's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if FVAL's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if FVAL's dividend payments have been increasing.


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: No need to calculate the sustainability of FVAL's dividend in 3 years as they are not forecast to pay a notable one for the US market.

Management

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

3.4yrs

Average management tenure


CEO

Fidelity Covington Trust - Fidelity Value Factor ETF has no CEO, or we have no data on them.


Leadership Team

NamePositionTenureCompensationOwnership
Louis Bottari
Portfolio Manager3.4yrsno datano data
Peter Matthew
Portfolio Manager3.4yrsno datano data
Deane Gyllenhaal
Portfolio Manager3.4yrsno datano data
Robert Regan
Portfolio Manager3.2yrsno datano data
Payal Gupta
Portfolio Manager0.7yrsno datano data

3.4yrs

Average Tenure

Experienced Management: FVAL's management team is considered experienced (3.4 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: Insufficient data to determine if shareholders have been diluted in the past year.


Top Shareholders

Company Information

Fidelity Covington Trust - Fidelity Value Factor ETF's company bio, employee growth, exchange listings and data sources


Key Information


Location

  • Fidelity Covington Trust - Fidelity Value Factor ETF
  • 245 Summer Street
  • Boston
  • Massachusetts
  • 2210
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FVALARCA (NYSE Arca)YesVLU FACTOR ETFUSUSDSep 2016
FIWKMUN (Boerse Muenchen)YesVLU FACTOR ETFDEEURSep 2016

Biography

Fidelity Covington Trust - Fidelity Value Factor ETF is an exchange traded fund launched by Fidelity Covington Trust. It is co-managed by Geode Capital Management, LLC, FMR Co., Inc. The fund invests in public equity markets of the United States. The fund invests in value stocks of companies across diversified market capitalization. Fidelity Covington Trust - Fidelity Value Factor ETF was formed on September 12, 2016 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 Analysis2020/02/26 02:22
End of Day Share Price2020/02/25 00:00
EarningsN/A
Annual EarningsN/A


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.