ARCA:IXG

Stock Analysis Report

iShares Trust - iShares Global Financials ETF

Executive Summary

iShares Trust - iShares Global Financials ETF is an exchange traded fund launched by BlackRock, Inc.


Snowflake Analysis

Share Price & News

How has iShares Trust - iShares Global Financials ETF's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

-1.5%

IXG

-1.5%

US Capital Markets

-1.1%

US Market


1 Year Return

8.1%

IXG

15.4%

US Capital Markets

17.8%

US Market

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

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


Shareholder returns

IXGIndustryMarket
7 Day-1.5%-1.5%-1.1%
30 Day0.5%1.0%1.5%
90 Day1.0%3.9%6.6%
1 Year11.4%8.1%17.6%15.4%20.2%17.8%
3 Year21.6%12.1%37.5%29.8%47.5%38.1%
5 Year35.4%18.7%78.9%62.4%71.2%52.4%

Price Volatility Vs. Market

How volatile is iShares Trust - iShares Global Financials 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 Trust - iShares Global Financials ETF undervalued compared to its fair value and its price relative to the market?

1.07x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: IXG ($68.14) is trading above our estimate of fair value ($67.34)

Significantly Below Fair Value: IXG is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: IXG is unprofitable, so we can't compare its PE Ratio to the Capital Markets industry average.

PE vs Market: IXG is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

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

Future Growth

How is iShares Trust - iShares Global Financials 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 iShares Trust - iShares Global Financials 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 Trust - iShares Global Financials ETF performed over the past 5 years?

-1.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: IXG is currently unprofitable.

Growing Profit Margin: IXG is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: IXG is unprofitable, and losses have increased over the past 5 years at a rate of -1% per year.

Accelerating Growth: Unable to compare IXG's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: IXG is unprofitable, making it difficult to compare its past year earnings growth to the Capital Markets industry (8.4%).


Return on Equity

High ROE: IXG has a negative Return on Equity (-9.28%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed

Financial Health

How is iShares Trust - iShares Global Financials 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: IXG has a low level of unsold assets or inventory.

Debt Coverage by Assets: IXG's debt is covered by short term assets (assets are 2.2x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: IXG has been profitable on average in the past, therefore cash runway is not a concern.

Forecast Cash Runway: Insufficient data to determine if IXG has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Financial Institutions Analysis

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

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

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

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

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

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

Dividend

What is iShares Trust - iShares Global Financials ETF's current dividend yield, its reliability and sustainability?

2.62%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: IXG's dividend (2.62%) is higher than the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: IXG's dividend (2.62%) is low compared to the top 25% of dividend payers in the US market (3.73%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: IXG is paying a dividend but the company is unprofitable.


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?

4.1yrs

Average management tenure


CEO

iShares Trust - iShares Global Financials ETF has no CEO, or we have no data on them.


Leadership Team

NamePositionTenureCompensationOwnership
Greg Savage
Portfolio Manager12.1yrsno datano data
Jennifer Hsui
Portfolio Manager8.1yrsno datano data
Alan Mason
Portfolio Manager4.1yrsno datano data
Rachel Aguirre
Portfolio Manager2.1yrsno datano data
Amy Whitelaw
Portfolio Manager2.1yrsno datano data

4.1yrs

Average Tenure

Experienced Management: IXG's management team is considered experienced (4.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
George Parker
Lead Independent Trustee14.1yrsUS$115.00kno data
Robert Silver
Independent Chairman8.1yrsUS$90.00kno data
John Martinez
17.1yrsUS$90.00kno data
John Kerrigan
Independent Trustee15.1yrsUS$90.00kno data
Charles Hurty
Independent Trustee15.1yrsUS$110.00kno data
Cecilia Herbert
Independent Trustee15.1yrsUS$90.00kno data

15.1yrs

Average Tenure

66.5yo

Average Age

Experienced Board: IXG's board of directors are seasoned and experienced ( 15.1 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

iShares Trust - iShares Global Financials ETF's company bio, employee growth, exchange listings and data sources


Key Information


Location

  • iShares Trust - iShares Global Financials ETF
  • 400 Howard Street
  • San Francisco
  • California
  • 94105
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
IXGARCA (NYSE Arca)YesShare CapitalUSUSDNov 2001
IXGCLSNSE (Santiago Stock Exchange)YesShare CapitalCLCLPNov 2001
0U5ILSE (London Stock Exchange)YesShare CapitalGBUSDNov 2001

Biography

iShares Trust - iShares Global Financials ETF is an exchange traded fund launched by BlackRock, Inc. It is managed by BlackRock Fund Advisors. It invests in public equity markets of global region. It invests in stocks of companies operating across financials sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. The fund seeks to track the performance of the S&P Global 1200 Financials Index, by using representative sampling technique. iShares Trust - iShares Global Financials ETF was formed on November 12, 2001 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 Analysis2020/02/24 00:54
End of Day Share Price2020/02/21 00:00
Earnings2019/09/30
Annual Earnings2019/03/31


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.