ARCA:GLD

Stock Analysis Report

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Executive Summary

SPDR Gold Trust is an exchange traded fund launched and managed by World Gold Trust Services, LLC. More Details

Rewards


Snowflake Analysis


Similar Companies

Share Price & News

How has SPDR Gold Trust's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: GLD is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: GLD's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

-1.1%

GLD

-0.7%

US Capital Markets

-0.4%

US Market


1 Year Return

16.7%

GLD

15.7%

US Capital Markets

19.5%

US Market

Return vs Industry: GLD exceeded the US Capital Markets industry which returned 15.7% over the past year.

Return vs Market: GLD underperformed the US Market which returned 19.6% over the past year.


Shareholder returns

GLDIndustryMarket
7 Day-1.1%-0.7%-0.4%
30 Day-3.0%7.3%2.3%
90 Day-4.5%21.0%12.7%
1 Year16.7%16.7%18.6%15.7%22.3%19.5%
3 Year35.1%35.1%30.2%20.2%44.4%34.8%
5 Year61.3%61.3%152.5%120.9%128.7%103.3%

Long-Term Price Volatility Vs. Market

How volatile is SPDR Gold Trust's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is SPDR Gold Trust undervalued compared to its fair value and its price relative to the market?

4.64x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate GLD's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate GLD's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: GLD is good value based on its PE Ratio (4.6x) compared to the US Capital Markets industry average (27.1x).

PE vs Market: GLD is good value based on its PE Ratio (4.6x) compared to the US market (21x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: GLD is good value based on its PB Ratio (1x) compared to the US Capital Markets industry average (5x).

Future Growth

How is SPDR Gold Trust forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

12.8%

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 SPDR Gold Trust 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 SPDR Gold Trust performed over the past 5 years?

52.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GLD has a high level of non-cash earnings.

Growing Profit Margin: Insufficient data to determine if GLD's profit margins have improved over the past year.


Past Earnings Growth Analysis

Earnings Trend: GLD has become profitable over the past 5 years, growing earnings by 52.1% per year.

Accelerating Growth: GLD's earnings growth over the past year (80.8%) exceeds its 5-year average (52.1% per year).

Earnings vs Industry: GLD earnings growth over the past year (80.8%) exceeded the Capital Markets industry 4.9%.


Return on Equity

High ROE: GLD's Return on Equity (17%) is considered low.

Financial Health

How is SPDR Gold Trust's financial position?


Financial Position Analysis

Short Term Liabilities: GLD's short term assets ($77.0B) exceed its short term liabilities ($25.4M).

Long Term Liabilities: GLD has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: GLD is debt free.

Reducing Debt: GLD has not had any debt for past 5 years.

Debt Coverage: GLD has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: GLD has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Dividend

What is SPDR Gold Trust current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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


Stability and Growth of Payments

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

Growing Dividend: Insufficient data to determine if GLD'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 GLD'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?


CEO

SPDR Gold Trust has no CEO, or we have no data on them.


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 been diluted in the past year, with total shares outstanding growing by 39.7%.


Top Shareholders

Company Information

SPDR Gold Trust's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: SPDR Gold Trust
  • Ticker: GLD
  • Exchange: ARCA
  • Founded: 2004
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: US$71.361b
  • Shares outstanding: 417.00m
  • Website: https://www.spdrgoldshares.com/usa/

Location

  • SPDR Gold Trust
  • 27th Floor, 685 Third Avenue
  • New York
  • New York
  • 10017
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GLDARCA (NYSE Arca)YesCommon StockUSUSDNov 2004
1326TSE (The Tokyo Stock Exchange)YesCommon StockJPJPYNov 2004
2840SEHK (The Stock Exchange of Hong Kong Ltd.)YesCommon StockHKHKDNov 2004
GLD *BMV (Bolsa Mexicana de Valores)YesCommon StockMXMXNNov 2004
O87SGX (Singapore Exchange)YesCommon StockSGUSDNov 2004
GLDBVL (Bolsa de Valores de Lima)YesCommon StockPEUSDNov 2004
0KZFLSE (London Stock Exchange)YesCommon StockGBUSDNov 2004
US_GLD_KAS (Kazakhstan Stock Exchange)YesCommon StockKZUSDNov 2004

Biography

SPDR Gold Trust is an exchange traded fund launched and managed by World Gold Trust Services, LLC. It invests in commodity markets. The fund invests in gold. It tracks the performance of the price of gold ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/18 23:37
End of Day Share Price2021/01/15 00:00
Earnings2020/09/30
Annual Earnings2020/09/30


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.