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SPDR S&P 500 ETF Trust

ARCA:SPY
Snowflake Description

Flawless balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SPY
ARCA
$255B
Market Cap
  1. Home
  2. US
  3. Diversified Financials
Company description

SPDR S&P 500 ETF Trust is an exchange traded fund launched and managed by State Street Global Advisors, Inc. The last earnings update was 78 days ago. More info.


Add to Portfolio Compare Print
  • SPDR S&P 500 ETF Trust is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
SPY Share Price and Events
7 Day Returns
0.8%
ARCA:SPY
-0.4%
US Capital Markets
0.5%
US Market
1 Year Returns
2%
ARCA:SPY
-8.7%
US Capital Markets
2%
US Market
SPY Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
SPDR S&P 500 ETF Trust (SPY) 0.8% 6.8% 0.7% 2% 42.6% 50.2%
US Capital Markets -0.4% 5.9% -0.2% -8.7% 68.2% 63.1%
US Market 0.5% 6.3% 1.9% 2% 45.1% 40.5%
1 Year Return vs Industry and Market
  • SPY outperformed the Capital Markets industry which returned -8.7% over the past year.

SPY Value

 Is SPDR S&P 500 ETF Trust 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 SPDR S&P 500 ETF Trust 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 SPDR S&P 500 ETF Trust.

ARCA:SPY 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
= $235.73 * 12.5%
$29.50
Book Value of Equity per Share Median Book Value from the past 5 years. $235.73
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:SPY
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%))
1.095
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.1
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:SPY using Excess Returns Model Model

The calculations below outline how an intrinsic value for SPDR S&P 500 ETF Trust 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:SPY Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (12.5% – 10.69%) * $235.73)
$4.29
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $4.29 / (10.69% - 2.73%)
$53.87
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $235.73 + $53.87
$289.61
ARCA:SPY Discount to Share Price
Calculation Result
Value per share (USD) From above. $289.61
Current discount Discount to share price of $274.95
= -1 x ($274.95 - $289.61) / $289.61
5.1%

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

Current Discount
Amount off the current price SPDR S&P 500 ETF Trust is available for.
Intrinsic value
5%
Share price is $274.95 vs Future cash flow value of $289.61
Current Discount Checks
For SPDR S&P 500 ETF Trust to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • SPDR S&P 500 ETF Trust's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • SPDR S&P 500 ETF Trust'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 SPDR S&P 500 ETF Trust's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are SPDR S&P 500 ETF Trust's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ARCA:SPY PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in USD $42.30
ARCA:SPY Share Price ** ARCA (2019-02-13) in USD $274.95
United States of America Capital Markets Industry PE Ratio Median Figure of 70 Publicly-Listed Capital Markets Companies 19.5x
United States of America Market PE Ratio Median Figure of 3,046 Publicly-Listed Companies 16.95x

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

** Primary Listing of SPDR S&P 500 ETF Trust.

ARCA:SPY PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ARCA:SPY Share Price ÷ EPS (both in USD)

= 274.95 ÷ 42.30

6.5x

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

  • SPDR S&P 500 ETF Trust is good value based on earnings compared to the US Capital Markets industry average.
  • SPDR S&P 500 ETF Trust is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does SPDR S&P 500 ETF Trust's expected growth come at a high price?
Raw Data
ARCA:SPY PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.5x
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 2,117 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 SPDR S&P 500 ETF Trust, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on SPDR S&P 500 ETF Trust's assets?
Raw Data
ARCA:SPY PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in USD $290.60
ARCA:SPY Share Price * ARCA (2019-02-13) in USD $274.95
United States of America Capital Markets Industry PB Ratio Median Figure of 134 Publicly-Listed Capital Markets Companies 4.78x
United States of America Market PB Ratio Median Figure of 5,122 Publicly-Listed Companies 1.81x
ARCA:SPY PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ARCA:SPY Share Price ÷ Book Value per Share (both in USD)

= 274.95 ÷ 290.60

0.95x

* Primary Listing of SPDR S&P 500 ETF Trust.

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

  • SPDR S&P 500 ETF Trust is good value based on assets compared to the US Capital Markets industry average.
X
Value checks
We assess SPDR S&P 500 ETF Trust's value by looking at:
  1. 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. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. SPDR S&P 500 ETF Trust has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

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

SPY Future Performance

 How is SPDR S&P 500 ETF Trust 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 SPDR S&P 500 ETF 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 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!
Annual Growth Rate
5.9%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is SPDR S&P 500 ETF Trust expected to grow at an attractive rate?
  • Unable to compare SPDR S&P 500 ETF Trust's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare SPDR S&P 500 ETF Trust's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare SPDR S&P 500 ETF Trust's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ARCA:SPY 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 13.4%
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:SPY 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:SPY Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-09-30 5,009 40,668
2018-06-30 4,962 35,352
2018-03-31 4,916 30,037
2017-12-31 4,832 34,365
2017-09-30 4,749 38,693
2017-06-30 4,513 35,414
2017-03-31 4,276 32,134
2016-12-31 4,116 28,581
2016-09-30 3,955 25,029
2016-06-30 3,991 14,325
2016-03-31 4,027 3,622
2015-12-31 4,020 1,414

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if SPDR S&P 500 ETF Trust is high growth as no earnings estimate data is available.
  • Unable to determine if SPDR S&P 500 ETF Trust 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:SPY 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 SPDR S&P 500 ETF Trust Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ARCA:SPY Past Financials Data
Date (Data in USD Millions) EPS *
2018-09-30 42.30
2018-06-30 36.77
2018-03-31 31.36
2017-12-31 35.88
2017-09-30 39.97
2017-06-30 36.58
2017-03-31 31.56
2016-12-31 28.07
2016-09-30 27.45
2016-06-30 15.71
2016-03-31 4.09
2015-12-31 1.60

*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 SPDR S&P 500 ETF Trust will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess SPDR S&P 500 ETF Trust's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. 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.
SPDR S&P 500 ETF Trust 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.

SPY Past Performance

  How has SPDR S&P 500 ETF Trust 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 SPDR S&P 500 ETF Trust'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.
  • SPDR S&P 500 ETF Trust's year on year earnings growth rate has been positive over the past 5 years.
  • SPDR S&P 500 ETF Trust's 1-year earnings growth is less than its 5-year average (5.1% vs 14%)
  • SPDR S&P 500 ETF Trust's earnings growth has not exceeded the US Capital Markets industry average in the past year (5.1% vs 52.7%).
Earnings and Revenue History
SPDR S&P 500 ETF Trust'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 SPDR S&P 500 ETF Trust Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ARCA:SPY Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 5,009.00 40,667.91 246.75
2018-06-30 4,962.36 35,352.38 240.24
2018-03-31 4,915.72 30,036.85 233.72
2017-12-31 4,832.46 34,365.14 223.46
2017-09-30 4,749.20 38,693.43 213.20
2017-06-30 4,512.80 35,413.57 201.91
2017-03-31 4,276.39 32,133.70 190.62
2016-12-31 4,115.56 28,581.25 180.44
2016-09-30 3,954.74 25,028.80 170.25
2016-06-30 3,990.82 14,325.47 166.50
2016-03-31 4,026.91 3,622.15 162.76
2015-12-31 4,020.17 1,414.09 166.48
2015-09-30 4,013.44 -793.97 170.19
2015-06-30 3,849.86 9,143.33 168.39
2015-03-31 3,686.28 19,080.63 166.60
2014-12-31 3,488.10 23,036.73 158.88
2014-09-30 3,289.93 26,992.83 151.17
2014-06-30 3,210.63 27,522.56 145.29
2014-03-31 3,131.34 28,052.28 139.41
2013-12-31 3,032.27 25,190.56 129.79
2013-09-30 2,933.21 22,328.84 120.16
2013-06-30 2,744.45 18,882.38 110.97
2013-03-31 2,555.69 15,435.92 101.77
2012-12-31 2,348.78 19,647.11 96.10
2012-09-30 2,141.87 23,858.30 90.43
2012-06-30 2,036.25 15,587.49 87.67
2012-03-31 1,930.64 7,316.68 84.91

*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.
  • SPDR S&P 500 ETF Trust has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • SPDR S&P 500 ETF Trust used its assets more efficiently than the US Capital Markets industry average last year based on Return on Assets.
  • SPDR S&P 500 ETF Trust's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess SPDR S&P 500 ETF Trust's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. 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.
SPDR S&P 500 ETF Trust has a total score of 2/6, 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.

SPY Health

 How is SPDR S&P 500 ETF Trust'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 SPDR S&P 500 ETF Trust's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • SPDR S&P 500 ETF Trust is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • SPDR S&P 500 ETF Trust's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of SPDR S&P 500 ETF Trust'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.
  • SPDR S&P 500 ETF Trust has no debt, it does not need to be covered by short term assets.
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 SPDR S&P 500 ETF Trust Company Filings, last reported 4 months ago.

ARCA:SPY Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 279,389.63 0.00 1,328.07
2018-06-30 279,389.63 0.00 1,328.07
2018-03-31 252,321.00 0.00 1,092.21
2017-12-31 252,321.00 0.00 1,092.21
2017-09-30 243,299.58 0.00 1,290.00
2017-06-30 243,299.58 0.00 1,290.00
2017-03-31 240,028.29 0.00 928.82
2016-12-31 240,028.29 0.00 928.82
2016-09-30 197,280.96 0.00 926.01
2016-06-30 197,280.96 0.00 926.01
2016-03-31 181,854.90 0.00 977.64
2015-12-31 181,854.90 0.00 977.64
2015-09-30 166,683.90 0.00 932.16
2015-06-30 166,683.90 0.00 932.16
2015-03-31 183,668.86 0.00 866.78
2014-12-31 183,668.86 0.00 866.78
2014-09-30 179,915.40 0.00 897.43
2014-06-30 179,915.40 0.00 897.43
2014-03-31 157,348.88 0.00 755.45
2013-12-31 157,348.88 0.00 755.45
2013-09-30 144,624.14 0.00 743.51
2013-06-30 144,624.14 0.00 743.51
2013-03-31 130,673.97 0.00 550.10
2012-12-31 130,673.97 0.00 550.10
2012-09-30 118,164.62 0.00 563.00
2012-06-30 118,164.62 0.00 563.00
2012-03-31 105,712.75 0.00 431.92
  • SPDR S&P 500 ETF Trust has no debt.
  • SPDR S&P 500 ETF Trust has not taken on any debt in the past 5 years.
  • SPDR S&P 500 ETF Trust has no debt, it does not need to be covered by operating cash flow.
  • SPDR S&P 500 ETF Trust has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess SPDR S&P 500 ETF Trust's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. SPDR S&P 500 ETF Trust has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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.

SPY Dividends

 What is SPDR S&P 500 ETF Trust'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
Dividend payments
1.82%
Current annual income from SPDR S&P 500 ETF Trust dividends.
If you bought $2,000 of SPDR S&P 500 ETF Trust shares you are expected to receive $36 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?
  • SPDR S&P 500 ETF Trust's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.43%).
  • SPDR S&P 500 ETF Trust's dividend is below the markets top 25% of dividend payers in United States of America (3.62%).
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:SPY 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 1997 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:SPY Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2018-09-21 5.016 1.868
2017-11-28 4.778 1.743
2016-11-29 4.420 1.837
2015-11-30 4.130 1.991
2015-01-23 3.680 1.784
2014-12-02 3.680 1.800
2014-01-24 3.390 1.761
2014-01-23 3.390 1.875
2013-11-29 3.390 1.863
2013-01-28 2.850 1.740
2012-11-30 2.850 1.968
2012-11-29 2.850 2.005
2012-03-01 2.460 1.774
2012-01-31 2.460 1.817
2011-11-28 2.460 1.941
2011-02-01 2.200 1.736
2011-01-27 2.200 1.702
2010-11-30 2.200 1.747
2010-02-02 2.310 2.042
2010-02-01 2.310 2.105
2009-11-30 2.310 2.069
2009-04-30 2.780 2.803
2009-03-31 2.780 3.286
2009-02-17 2.780 3.657

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 SPDR S&P 500 ETF Trust's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (8.4x 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.
X
Income/ dividend checks
We assess SPDR S&P 500 ETF Trust's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can SPDR S&P 500 ETF Trust afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. SPDR S&P 500 ETF Trust has a total score of 3/6, see the detailed checks below.


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

SPY Management

 What is the CEO of SPDR S&P 500 ETF Trust'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.
CEO
Donald Gignac
AGE 53
CEO Bio

Mr. Donald A. Gignac serves as Chief Executive Officer of SPDR Trust Series 1 and has been its President since August 2003. Mr. Gignac has been Senior Vice President of State Street Bank and Trust Company since 2002. He served as Treasurer and Chief Financial Officer of StreetTRACKS' SERIES TRUST, a trust for StreetTRACKS Wilshire REIT. He served as President and Principal Executive Officer of Utilities Select Sector SPDR Fund, The (formerly, Select Sector SPDR Trust). He served as President of The Consumer Discretionary Select Sector SPDR Fund since August 2003 and was Principal Executive Officer. Mr. Gignac served as Vice President of State Street Bank and Trust Company from 1993 to 2002.

CEO Compensation
  • Insufficient data for Donald to compare compensation growth.
  • Insufficient data for Donald to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

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

15.8
Average Tenure
53
Average Age
  • The average tenure for the SPDR S&P 500 ETF Trust management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Donald Gignac

TITLE
Chief Executive Officer and President
AGE
53

Michael Riley

TITLE
Chief Financial Officer and Treasurer
AGE
49

Peter Ambrosini

TITLE
Chief Compliance Officer
AGE
73
TENURE
15.8 yrs

Mary Zeven

TITLE
Secretary
AGE
56
TENURE
17.3 yrs

Karen Gillogly

TITLE
Assistant Treasurer
AGE
51
TENURE
15.5 yrs
Board of Directors Tenure

Average tenure and age of the SPDR S&P 500 ETF Trust board of directors in years:

20.3
Average Tenure
69.5
Average Age
  • The average tenure for the SPDR S&P 500 ETF Trust board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Kathleen Cuocolo

TITLE
Chairman
AGE
66
TENURE
17.8 yrs

George Gaspari

TITLE
AGE
78
TENURE
20.3 yrs

R. Tschampion

TITLE
AGE
72
TENURE
20.3 yrs

Ernest Scalberg

TITLE
AGE
73
TENURE
20.3 yrs

Gus Fleites

TITLE
AGE
51
TENURE
15.3 yrs

Cheryl Burgermeister

TITLE
AGE
67
TENURE
20.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess SPDR S&P 500 ETF Trust's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. SPDR S&P 500 ETF Trust has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


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.

SPY News

Simply Wall St News

SPY Company Info

Map
Description

SPDR S&P 500 ETF Trust is an exchange traded fund launched and managed by State Street Global Advisors, Inc. 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 large-cap companies. The fund seeks to track the performance of the S&P 500 Index, by using full replication technique. SPDR S&P 500 ETF Trust was formed on January 22, 1993 and is domiciled in the United States.

Details
Name: SPDR S&P 500 ETF Trust
SPY
Exchange: ARCA
Founded: 1993
$254,859,985,294
926,932,116
Website: http://www.spdrs.com.au/etf/fund/spdr-sp-500-etf-trust-SPY.html
Address: SPDR S&P 500 ETF Trust
State Street Financial Center,
One Lincoln Street,
Boston,
Massachusetts, 02111-2900,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ARCA SPY Trust Units NYSE Arca US USD 29. Jan 1993
LSE 0KZC Trust Units London Stock Exchange GB USD 29. Jan 1993
TSE 1557 Trust Units The Tokyo Stock Exchange JP JPY 29. Jan 1993
KAS US_SPY_ Trust Units Kazakhstan Stock Exchange KZ KZT 29. Jan 1993
BMV SPY * Trust Units Bolsa Mexicana de Valores MX MXN 29. Jan 1993
Number of employees
Current staff
Staff numbers
0
SPDR S&P 500 ETF Trust employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/13 23:58
End of day share price update: 2019/02/13 00:00
Last earnings filing: 2018/11/27
Last earnings reported: 2018/09/30
Last annual earnings reported: 2018/09/30


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.