iShares Trust - iShares Core S&P 500 ETF

ARCA:IVV

Snowflake Description

Adequate balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.

IVV

ARCA

$159B

Market Cap

Add to portfolio

Last updated 2019/02/18 01:45

Company description

iShares Trust - iShares Core S&P 500 ETF is an exchange traded fund launched by BlackRock, Inc. The last earnings update was 73 days ago. More info.

Add to Portfolio Compare Print

iShares Trust - iShares Core S&P 500 ETF is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.

IVV Share Price and Events

7 Day Returns

2.5%

ARCA:IVV

0.5%

US Capital Markets

1.2%

US Market

1 Year Returns

1.5%

ARCA:IVV

-10.2%

US Capital Markets

0.9%

US Market

IVV Shareholder Return

	7 Day	30 Day	90 Day	1 Year	3 Year	5 Year
iShares Trust - iShares Core S&P 500 ETF (IVV)	2.5%	4.1%	4.9%	1.5%	42.6%	50.2%
US Capital Markets	0.5%	5.2%	-1%	-10.2%	67.3%	64.7%
US Market	1.2%	6.6%	1.2%	0.9%	44.3%	41.3%

1 Year Return vs Industry and Market

IVV outperformed the Capital Markets industry which returned -10.2% over the past year.

Price Volatility

IVV

Industry

5yr Volatility vs Market

Related Companies

Vanguard Index Funds - Vanguard Total Stock Market ETF

ARCA:VTI

Add Compare

SPDR S&P 500 ETF Trust

ARCA:SPY

Add Compare

Vanguard Index Funds - Vanguard Small-Cap ETF

ARCA:VB

Add Compare

IVV Value

Is iShares Trust - iShares Core S&P 500 ETF undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.

INTRINSIC VALUE BASED ON FUTURE CASH FLOWS

Here we compare the current share price of iShares Trust - iShares Core S&P 500 ETF to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.

Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for iShares Trust - iShares Core S&P 500 ETF.

ARCA:IVV Discounted Cash Flow Data Sources
Data Point	Source	Value
Valuation Model		Excess Returns Model
Stable EPS	Median Return on Equity from the past 5 years. = Stable Book Value * Return on Equity = $237.21 * 13.1%	$31.09
Book Value of Equity per Share	Median Book Value from the past 5 years.	$237.21
Discount Rate (Cost of Equity)	See below	10.7%
Perpetual Growth Rate	10-Year US Government Bond Rate	2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ARCA:IVV
Data Point	Calculation/ Source	Result
Risk-Free Rate	10-Year US Govt Bond Rate	2.7%
Equity Risk Premium	S&P Global	7.3%
Capital Markets Unlevered Beta	Simply Wall St/ S&P Global	0.74
Re-levered Beta	= Unlevered beta (1 + (1- tax rate) (Debt/Equity)) = 0.742 (1 + (1- 21%) (0.77%))	1.095
Levered Beta	Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm)	1.09
Discount Rate/ Cost of Equity	= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium) = 2.73% + (1.095 * 7.27%)	10.69%

Discounted Cash Flow Calculation for ARCA:IVV using Excess Returns Model Model

The calculations below outline how an intrinsic value for iShares Trust - iShares Core S&P 500 ETF is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

ARCA:IVV Value of Excess Returns
	Calculation	Result
Excess Returns	= (Stable Return on equity – Cost of equity) (Book Value of Equity per share) = (13.1% – 10.69%) * $237.21)	$5.73
Terminal Value of Excess Returns	= Excess Returns / (Cost of Equity - Expected Growth Rate) = $5.73 / (10.69% - 2.73%)	$72.03
Value of Equity	= Book Value per share + Terminal Value of Excess Returns = $237.21 + $72.03	$309.24

ARCA:IVV Discount to Share Price
	Calculation	Result
Value per share (USD)	From above.	$309.24
Current discount	Discount to share price of $279.16 = -1 x ($279.16 - $309.24) / $309.24	9.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount

Amount off the current price iShares Trust - iShares Core S&P 500 ETF is available for.

10%

Share price is $279.16 vs Future cash flow value of $309.24

Current Discount Checks

For iShares Trust - iShares Core S&P 500 ETF to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.

iShares Trust - iShares Core S&P 500 ETF's share price is below the future cash flow value, but not at a moderate discount (< 20%).
iShares Trust - iShares Core S&P 500 ETF's share price is below the future cash flow value, but not at a substantial discount (< 40%).

PRICE RELATIVE TO MARKET

We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for iShares Trust - iShares Core S&P 500 ETF's earnings, growth and assets is considered below, and whether this is a fair price.

Price based on past earnings

Are iShares Trust - iShares Core S&P 500 ETF's earnings available for a low price, and how does this compare to other companies in the same industry?

Raw Data

ARCA:IVV PE (Price to Earnings) Ratio Data Sources
Data Point	Source	Value
Earnings Per Share *	Company Filings (2018-09-30) in USD	$42.32
ARCA:IVV Share Price **	ARCA (2019-02-15) in USD	$279.16
United States of America Capital Markets Industry PE Ratio	Median Figure of 71 Publicly-Listed Capital Markets Companies	19.59x
United States of America Market PE Ratio	Median Figure of 3,045 Publicly-Listed Companies	16.97x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of iShares Trust - iShares Core S&P 500 ETF.

ARCA:IVV PE (Price to Earnings) Ratio Calculation
	Calculation	Outcome
PE Ratio	= ARCA:IVV Share Price ÷ EPS (both in USD) = 279.16 ÷ 42.32	6.6x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

iShares Trust - iShares Core S&P 500 ETF is good value based on earnings compared to the US Capital Markets industry average.
iShares Trust - iShares Core S&P 500 ETF is good value based on earnings compared to the United States of America market.

Price based on expected Growth

Does iShares Trust - iShares Core S&P 500 ETF's expected growth come at a high price?

Raw Data

ARCA:IVV PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point	Source	Value
PE Ratio	See PE Ratio Section	6.6x
Net Income Annual Growth Rate	See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts	Not available
United States of America Capital Markets Industry PEG Ratio	Median Figure of 35 Publicly-Listed Capital Markets Companies	2.13x
United States of America Market PEG Ratio	Median Figure of 2,115 Publicly-Listed Companies	1.36x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

Unable to calculate PEG ratio for iShares Trust - iShares Core S&P 500 ETF, we can't assess if its growth is good value.

Price based on value of assets

What value do investors place on iShares Trust - iShares Core S&P 500 ETF's assets?

Raw Data

ARCA:IVV PB (Price to Book) Ratio Data Sources
Data Point	Source	Value
Book Value per Share	Company Filings (2018-09-30) in USD	$292.75
ARCA:IVV Share Price *	ARCA (2019-02-15) in USD	$279.16
United States of America Capital Markets Industry PB Ratio	Median Figure of 134 Publicly-Listed Capital Markets Companies	4.86x
United States of America Market PB Ratio	Median Figure of 5,122 Publicly-Listed Companies	1.82x

ARCA:IVV PB (Price to Book) Ratio Calculation
	Calculation	Outcome
PB Ratio	= ARCA:IVV Share Price ÷ Book Value per Share (both in USD) = 279.16 ÷ 292.75	0.95x

* Primary Listing of iShares Trust - iShares Core S&P 500 ETF.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

iShares Trust - iShares Core S&P 500 ETF is good value based on assets compared to the US Capital Markets industry average.

Value checks

We assess iShares Trust - iShares Core S&P 500 ETF's value by looking at:

Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)

Full details on the Value part of the Simply Wall St company analysis model.

IVV Future Performance

How is iShares Trust - iShares Core S&P 500 ETF expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 Trust - iShares Core S&P 500 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!

5.9%

Expected Capital Markets industry annual growth in earnings.

Earnings growth vs Low Risk Savings

Is iShares Trust - iShares Core S&P 500 ETF expected to grow at an attractive rate?

Unable to compare iShares Trust - iShares Core S&P 500 ETF's earnings growth to the low risk savings rate as no estimate data is available.

Growth vs Market Checks

Unable to compare iShares Trust - iShares Core S&P 500 ETF's earnings growth to the United States of America market average as no estimate data is available.
Unable to compare iShares Trust - iShares Core S&P 500 ETF's revenue growth to the United States of America market average as no estimate data is available.

Annual Growth Rates Comparison

Raw Data

ARCA:IVV Future Growth Rates Data Sources
Data Point	Source	Value (per year)
United States of America Capital Markets Industry Earnings Growth Rate	Market Cap Weighted Average	5.9%
United States of America Capital Markets Industry Revenue Growth Rate	Market Cap Weighted Average	3.9%
United States of America Market Earnings Growth Rate	Market Cap Weighted Average	13.3%
United States of America Market Revenue Growth Rate	Market Cap Weighted Average	7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations

Raw Data

ARCA:IVV Analysts Growth Expectations Data Sources
Data Point	Source	Value
Past Financials	Company Filings (4 months ago)	See Below
Future Estimates	Average of up to 0 Analyst Estimates (S&P Global)	See Below

All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.

ARCA:IVV Past Financials Data
Date (Data in USD Millions)	Revenue	Net Income *
2018-09-30	2,823	23,861
2018-06-30	2,700	19,929
2018-03-31	2,578	15,997
2017-12-31	2,372	16,734
2017-09-30	2,165	17,472
2017-06-30	1,952	15,409
2017-03-31	1,739	13,346
2016-12-31	1,652	11,632
2016-09-30	1,566	9,918
2016-06-30	1,522	5,530
2016-03-31	1,479	1,141
2015-12-31	1,452	408

*GAAP earnings excluding extraordinary items.

High Growth Checks

Unable to determine if iShares Trust - iShares Core S&P 500 ETF is high growth as no earnings estimate data is available.
Unable to determine if iShares Trust - iShares Core S&P 500 ETF is high growth as no revenue estimate data is available.

Past and Future Earnings per Share

The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.

Raw Data

ARCA:IVV Past and Future Earnings per Share
Data Point	Source	Value
Past Financials	Company Filings (4 months ago)	See Below
Future Estimates	Average of up to 0 Analyst Estimates (S&P Global)	See Below

All data from iShares Trust - iShares Core S&P 500 ETF Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ARCA:IVV Past Financials Data
Date (Data in USD Millions)	EPS *
2018-09-30	42.32
2018-06-30	35.35
2018-03-31	30.23
2017-12-31	31.62
2017-09-30	34.82
2017-06-30	30.71
2017-03-31	31.09
2016-12-31	27.10
2016-09-30	27.12
2016-06-30	15.12
2016-03-31	3.32
2015-12-31	1.18

*GAAP earnings excluding extraordinary items.

Performance in 3 years

In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.

Unable to establish if iShares Trust - iShares Core S&P 500 ETF will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Future performance checks

We assess iShares Trust - iShares Core S&P 500 ETF's future performance by looking at:

Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
Is the annual earnings growth rate expected to be above 20%? (1 check)
Is the annual revenue growth rate expected to be above 20%? (1 check)
Is the Return on Equity in 3 years expected to be over 20%? (1 check)

Some of the above checks will fail if the company is expected to be loss making in the relevant year.
iShares Trust - iShares Core S&P 500 ETF has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

IVV Past Performance

How has iShares Trust - iShares Core S&P 500 ETF performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.

Past earnings growth

Below we compare iShares Trust - iShares Core S&P 500 ETF's growth in the last year to its industry (Capital Markets).

Past Earnings growth analysis

We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.

iShares Trust - iShares Core S&P 500 ETF has delivered over 20% year on year earnings growth in the past 5 years.
iShares Trust - iShares Core S&P 500 ETF's 1-year earnings growth exceeds its 5-year average (36.6% vs 27.9%)
iShares Trust - iShares Core S&P 500 ETF's earnings growth has not exceeded the US Capital Markets industry average in the past year (36.6% vs 49.7%).

Earnings and Revenue History

iShares Trust - iShares Core S&P 500 ETF's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.

Raw Data

All data from iShares Trust - iShares Core S&P 500 ETF Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ARCA:IVV Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions)	Revenue	Net Income *	G+A Expenses
2018-09-30	2,822.93	23,860.77	59.26
2018-06-30	2,700.31	19,928.75	55.59
2018-03-31	2,577.69	15,996.72	51.93
2017-12-31	2,371.55	16,734.13	46.73
2017-09-30	2,165.41	17,471.54	41.54
2017-06-30	1,952.19	15,408.60	43.02
2017-03-31	1,738.96	13,345.65	44.51
2016-12-31	1,652.38	11,631.89	47.29
2016-09-30	1,565.80	9,918.12	50.06
2016-06-30	1,522.40	5,529.81	48.97
2016-03-31	1,479.00	1,141.50	47.87
2015-12-31	1,452.18	407.69	47.90
2015-09-30	1,425.37	-326.12	47.92
2015-06-30	1,365.90	3,566.07	46.06
2015-03-31	1,306.43	7,458.27	44.21
2014-12-31	1,210.53	8,299.48	41.10
2014-09-30	1,114.62	9,140.69	38.00
2014-06-30	1,047.78	9,031.88	35.43
2014-03-31	980.94	8,923.08	32.86
2013-12-31	936.85	7,955.75	30.37
2013-09-30	892.75	6,988.43	27.89
2013-06-30	824.29	5,862.71	27.39
2013-03-31	755.83	4,736.99	26.90
2012-12-31	694.01	5,988.78	26.96
2012-09-30	632.19	7,240.56	27.02
2012-06-30	605.37	4,746.11	26.27
2012-03-31	578.54	2,251.67	25.51

*GAAP earnings excluding extraordinary items.

Performance last year

We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.

iShares Trust - iShares Core S&P 500 ETF has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
iShares Trust - iShares Core S&P 500 ETF used its assets more efficiently than the US Capital Markets industry average last year based on Return on Assets.
iShares Trust - iShares Core S&P 500 ETF's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).

Past performance checks

We assess iShares Trust - iShares Core S&P 500 ETF's performance over the past 5 years by checking for:

Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)

The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
iShares Trust - iShares Core S&P 500 ETF has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

IVV Health

How is iShares Trust - iShares Core S&P 500 ETF's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up iShares Trust - iShares Core S&P 500 ETF's finances.

The net worth of a company is the difference between its assets and liabilities.

Net Worth

iShares Trust - iShares Core S&P 500 ETF is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
iShares Trust - iShares Core S&P 500 ETF's cash and other short term assets cover its long term commitments.

Balance sheet

This treemap shows a more detailed breakdown of iShares Trust - iShares Core S&P 500 ETF's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.

Assets

Liabilities and shares

The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.

Low level of unsold assets.
Debt is covered by short term assets, assets are 1.9x debt.

Historical Debt

Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.

Raw Data

All data from iShares Trust - iShares Core S&P 500 ETF Company Filings, last reported 4 months ago.

ARCA:IVV Past Debt and Equity Data
Date (Data in USD Millions)	Total Equity	Total Debt	Cash & Short Term Investments
2018-09-30	165,053.71	1,217.84	2,064.85
2018-06-30	165,053.71	1,217.84	2,064.85
2018-03-31	140,335.43	656.06	768.38
2017-12-31	140,335.43	656.06	768.38
2017-09-30	126,935.00	847.68	1,019.99
2017-06-30	126,935.00	847.68	1,019.99
2017-03-31	101,821.91	629.52	749.56
2016-12-31	101,821.91	629.52	749.56
2016-09-30	79,587.23	1,094.36	1,154.61
2016-06-30	79,587.23	1,094.36	1,154.61
2016-03-31	71,101.25	827.66	905.80
2015-12-31	71,101.25	827.66	905.80
2015-09-30	63,799.30	894.39	1,296.02
2015-06-30	63,799.30	894.39	1,296.02
2015-03-31	68,743.11	506.42	560.20
2014-12-31	68,743.11	506.42	560.20
2014-09-30	61,089.18	408.25	457.20
2014-06-30	61,089.18	408.25	457.20
2014-03-31	54,366.05	1,213.79	1,260.04
2013-12-31	54,366.05	1,213.79	1,260.04
2013-09-30	45,325.03	816.46	851.59
2013-06-30	45,325.03	816.46	851.59
2013-03-31	41,031.30	837.11	1,089.23
2012-12-31	41,031.30	837.11	1,089.23
2012-09-30	31,766.83	734.27	934.74
2012-06-30	31,766.83	734.27	934.74
2012-03-31	29,994.59	589.04	613.00

iShares Trust - iShares Core S&P 500 ETF's level of debt (0.7%) compared to net worth is satisfactory (less than 40%).
The level of debt compared to net worth has been reduced over the past 5 years (1.8% vs 0.7% today).
Unable to verify if debt is well covered by operating cash flow as iShares Trust - iShares Core S&P 500 ETF has not reported sufficient balance sheet data.
Unable to confirm if the interest payments on iShares Trust - iShares Core S&P 500 ETF's debt are well covered by earnings due to lack of past financial data.

Financial health checks

We assess iShares Trust - iShares Core S&P 500 ETF's financial health by checking for:

Are short term assets greater than short term liabilities? (1 check)
Are short term assets greater than long term liabilities? (1 check)
Has the debt to equity ratio increased in the past 5 years? (1 check)
Is the debt to equity ratio over 40%? (1 check)
Is the debt covered by operating cash flow? (1 check)
Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)

For companies that are loss making and have been so on average in the past we replace the last 2 checks with:

Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)

Full details on the Health part of the Simply Wall St company analysis model.

IVV Dividends

What is iShares Trust - iShares Core S&P 500 ETF's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.

Annual Dividend Income

1.76%

Current annual income from iShares Trust - iShares Core S&P 500 ETF dividends.

If you bought $2,000 of iShares Trust - iShares Core S&P 500 ETF shares you are expected to receive $35 in your first year as a dividend.

Dividend Amount

Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?

iShares Trust - iShares Core S&P 500 ETF's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.43%).
iShares Trust - iShares Core S&P 500 ETF's dividend is below the markets top 25% of dividend payers in United States of America (3.59%).

Annualized Historical and Future Dividends

It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.

Raw Data

ARCA:IVV Annualized Past and Future Dividends
Data Point	Source	Value
Past Annualized Dividend Yield	S&P Global Market Data	See Below
Past Dividends per Share	Company Filings/ Annualized Dividend Payments	See Below
Future Dividends per Share Estimates	Average of up to 0 Analyst Estimates (S&P Global)	See Below
United States of America Capital Markets Industry Average Dividend Yield	Market Cap Weighted Average of 43 Stocks	2.1%
United States of America Market Average Dividend Yield	Market Cap Weighted Average of 1998 Stocks	2.5%
United States of America Minimum Threshold Dividend Yield	10th Percentile	0.8%
United States of America Bottom 25% Dividend Yield	25th Percentile	1.4%
United States of America Top 25% Dividend Yield	75th Percentile	3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ARCA:IVV Past Annualized Dividends Data
Date (Data in $)	Dividend per share (annual)	Avg. Yield (%)
2018-03-21	4.902	1.786
2017-03-23	4.437	1.740
2016-06-07	4.758	2.147
2015-06-19	3.954	1.942
2014-06-09	3.433	1.680
2013-06-11	3.110	1.746
2012-09-25	3.194	2.115
2012-06-19	2.557	1.829
2012-05-30	2.638	1.990
2012-03-26	2.529	1.840
2011-12-22	3.080	2.296
2011-09-26	2.520	2.061
2011-06-23	2.421	1.955
2011-06-01	2.340	1.808
2011-03-25	2.395	1.789
2010-06-07	2.100	1.769
2009-06-05	2.530	2.359
2009-02-19	2.840	3.414

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
Dividends per share have increased over the past 10 years.

Current Payout to shareholders

What portion of iShares Trust - iShares Core S&P 500 ETF's earnings are paid to the shareholders as a dividend.

Dividends paid are thoroughly covered by earnings (8.7x coverage).

Future Payout to shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.

Income/ dividend checks

We assess iShares Trust - iShares Core S&P 500 ETF's dividend by checking for:

Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
Is current dividend yield above the bottom 25% of dividend payers? (1 check)
Is current dividend yield above the top 25% of dividend payers? (1 check)
Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
If they have paid a dividend for 10 years has it increased in this time? (1 check)
How sustainable is the dividend, can iShares Trust - iShares Core S&P 500 ETF afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)

Full details on the Dividends part of the Simply Wall St company analysis model.

IVV Management

What is the CEO of iShares Trust - iShares Core S&P 500 ETF's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.

iShares Trust - iShares Core S&P 500 ETF has no CEO, or we have no data on them.

Management Team Tenure

Average tenure and age of the iShares Trust - iShares Core S&P 500 ETF management team in years:

9.1

Average Tenure

Average Age

The average tenure for the iShares Trust - iShares Core S&P 500 ETF management team is over 5 years, this suggests they are a seasoned and experienced team.

14.1

Average Tenure

Average Age

The average tenure for the iShares Trust - iShares Core S&P 500 ETF board of directors is over 10 years, this suggests they are a seasoned and experienced board.

Board of Directors

Robert Silver

TITLE

Recent Insider Trading

No 3 month insider trading information.

Recent Insider Transactions

Announced	Type	Name	Entity	Role		Start	End	Shares	Max Price ($)	Value ($)

Management checks

We assess iShares Trust - iShares Core S&P 500 ETF's management by checking for:

Is the CEO's compensation unreasonable compared to market cap? (1 check)
Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
Is the average tenure of the management team less than 2 years? (1 check)
Is the average tenure of the board of directors team less than 3 years? (1 check)

Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

IVV News

Simply Wall St News

IVV Company Info

Map

Description

iShares Trust - iShares Core S&P 500 ETF is an exchange traded fund launched by BlackRock, Inc. The fund is managed by BlackRock Fund Advisors. The fund invests in public equity markets of the United States. The fund invests in stocks of companies operating across diversified sectors. It invests in growth and value stocks of large-cap companies. It seeks to track the performance of the S&P 500 Index, by using representative sampling technique. iShares Trust - iShares Core S&P 500 ETF was formed on May 15, 2000 and is domiciled in United States.

Details

Name:	iShares Trust - iShares Core S&P 500 ETF
Ticker:	IVV
Exchange:	ARCA
Founded:	2000
Market Cap:	$158,897,872,000
Shares outstanding:	569,200,000
Website:	http://www.ishares.com/us/products/239726/ishares-core-sp-500-etf
Address:	iShares Trust - iShares Core S&P 500 ETF 400 Howard Street, San Francisco, California, 94105, United States

Listings

Exchange Symbol	Ticker Symbol	Security	Exchange	Country	Currency	Listed on
ARCA	IVV	Share Capital	NYSE Arca	US	USD	19. May 2000
LSE	0JFF	Share Capital	London Stock Exchange	GB	USD	19. May 2000
SNSE	IVVCL	Share Capital	Santiago Stock Exchange	CL	CLP	19. May 2000
BMV	IVV *	Share Capital	Bolsa Mexicana de Valores	MX	MXN	19. May 2000
BVL	IVV	Share Capital	Bolsa de Valores de Lima	PE	USD	19. May 2000
ASX	IVV	S&P 500 INDEX FUND CDI 1:1	Australian Securities Exchange	AU	AUD	28. Nov 2007

Number of employees

Current staff

iShares Trust - iShares Core S&P 500 ETF employees.

Industry

Industry:	Asset Management and Custody Banks
Sector:	Diversified Financials

Company Analysis and Financial Data Status

Area	Date (UTC time)
Company Analysis updated:	2019/02/18 01:45
End of day share price update:	2019/02/15 00:00
Last earnings filing:	2018/12/07
Last earnings reported:	2018/09/30
Last annual earnings reported:	2018/03/31

All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.

Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Copyright © 2019, Standard & Poor’s Financial Services LLC. Reproduction of S&P Capital IQ in any form is prohibited except with the prior written permission of S&P. S&P does not guarantee the accuracy, adequacy, completeness or availability of any information and is not responsible for any errors or omissions, regardless of the cause or for the results obtained from the use of such information. S&P DISCLAIMS ANY AND ALL EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO, ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. In no event shall S&P be liable for any direct, indirect, special or consequential damages, costs, expenses, legal fees, or losses (including lost income or lost profit and opportunity costs) in connection with subscriber’s or others’ use of S&P Capital IQ. (2019)