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Select Sector SPDR Trust - The Consumer Discretionary Select Sector SPDR Fund

ARCA:XLY
Snowflake Description

Solid track record with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
XLY
ARCA
$12B
Market Cap
  1. Home
  2. US
  3. Diversified Financials
Company description

The Select Sector SPDR Trust - The Consumer Discretionary Select Sector SPDR Fund is an exchange traded fund launched by State Street Global Advisors, Inc.. The last earnings update was 105 days ago. More info.


Add to Portfolio Compare Print
  • Select Sector SPDR Trust - The Consumer Discretionary Select Sector SPDR Fund is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
XLY Share Price and Events
7 Day Returns
1.8%
ARCA:XLY
3.1%
US Capital Markets
1.6%
US Market
1 Year Returns
7.4%
ARCA:XLY
-11%
US Capital Markets
3.2%
US Market
XLY Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Select Sector SPDR Trust - The Consumer Discretionary Select Sector SPDR Fund (XLY) 1.8% 2% 13.9% 7.4% 43.9% 73.7%
US Capital Markets 3.1% 1% 11.6% -11% 57.3% 58.2%
US Market 1.6% 2.1% 12.8% 3.2% 38.6% 43.6%
1 Year Return vs Industry and Market
  • XLY outperformed the Capital Markets industry which returned -11% over the past year.
  • XLY outperformed the Market in United States of America which returned 3.2% over the past year.

Value

 Is Select Sector SPDR Trust - The Consumer Discretionary Select Sector SPDR Fund 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 Select Sector SPDR Trust - The Consumer Discretionary Select Sector SPDR Fund 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    Our intrinsic value calculation method has changed recently, learn more here.

Below are the data sources, inputs and calculation used to determine the intrinsic value for Select Sector SPDR Trust - The Consumer Discretionary Select Sector SPDR Fund.

ARCA:XLY 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
= $87.93 * 11.8%
$10.34
Book Value of Equity per Share Median Book Value from the past 5 years. $87.93
Discount Rate (Cost of Equity) See below 9.3%
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:XLY
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.728 (1 + (1- 21%) (0.34%))
1.104
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% + (1.104 * 5.96%)
9.31%

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

The calculations below outline how an intrinsic value for Select Sector SPDR Trust - The Consumer Discretionary Select Sector SPDR Fund 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:XLY Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (11.8% – 9.31%) * $87.93)
$2.15
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $2.15 / (9.31% - 2.73%)
$32.64
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $87.93 + $32.64
$120.57
ARCA:XLY Discount to Share Price
Calculation Result
Value per share (USD) From above. $120.57
Current discount Discount to share price of $112.23
= -1 x ($112.23 - $120.57) / $120.57
6.9%

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

Current Discount
Amount off the current price Select Sector SPDR Trust - The Consumer Discretionary Select Sector SPDR Fund is available for.
Intrinsic value
7%
Share price is $112.23 vs Future cash flow value of $120.57
Current Discount Checks
For Select Sector SPDR Trust - The Consumer Discretionary Select Sector SPDR Fund to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Select Sector SPDR Trust - The Consumer Discretionary Select Sector SPDR Fund's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Select Sector SPDR Trust - The Consumer Discretionary Select Sector SPDR Fund'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 Select Sector SPDR Trust - The Consumer Discretionary Select Sector SPDR Fund's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Select Sector SPDR Trust - The Consumer Discretionary Select Sector SPDR Fund's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ARCA:XLY PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in USD $26.85
ARCA:XLY Share Price ** ARCA (2019-03-19) in USD $112.23
United States of America Capital Markets Industry PE Ratio Median Figure of 76 Publicly-Listed Capital Markets Companies 24.96x
United States of America Market PE Ratio Median Figure of 3,056 Publicly-Listed Companies 17.77x

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

** Primary Listing of Select Sector SPDR Trust - The Consumer Discretionary Select Sector SPDR Fund.

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

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

= 112.23 ÷ 26.85

4.18x

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

  • Select Sector SPDR Trust - The Consumer Discretionary Select Sector SPDR Fund is good value based on earnings compared to the US Capital Markets industry average.
  • Select Sector SPDR Trust - The Consumer Discretionary Select Sector SPDR Fund is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Select Sector SPDR Trust - The Consumer Discretionary Select Sector SPDR Fund's expected growth come at a high price?
Raw Data
ARCA:XLY PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 4.18x
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 33 Publicly-Listed Capital Markets Companies 2.21x
United States of America Market PEG Ratio Median Figure of 2,107 Publicly-Listed Companies 1.49x

*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 Select Sector SPDR Trust - The Consumer Discretionary Select Sector SPDR Fund, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Select Sector SPDR Trust - The Consumer Discretionary Select Sector SPDR Fund's assets?
Raw Data
ARCA:XLY PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in USD $117.19
ARCA:XLY Share Price * ARCA (2019-03-19) in USD $112.23
United States of America Capital Markets Industry PB Ratio Median Figure of 149 Publicly-Listed Capital Markets Companies 4.83x
United States of America Market PB Ratio Median Figure of 5,154 Publicly-Listed Companies 1.89x
ARCA:XLY PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 112.23 ÷ 117.19

0.96x

* Primary Listing of Select Sector SPDR Trust - The Consumer Discretionary Select Sector SPDR Fund.

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

  • Select Sector SPDR Trust - The Consumer Discretionary Select Sector SPDR Fund is good value based on assets compared to the US Capital Markets industry average.
X
Value checks
We assess Select Sector SPDR Trust - The Consumer Discretionary Select Sector SPDR Fund'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. Select Sector SPDR Trust - The Consumer Discretionary Select Sector SPDR Fund 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.

Future Performance

 How is Select Sector SPDR Trust - The Consumer Discretionary Select Sector SPDR Fund 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 Select Sector SPDR Trust - The Consumer Discretionary Select Sector SPDR Fund 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
6.4%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Select Sector SPDR Trust - The Consumer Discretionary Select Sector SPDR Fund expected to grow at an attractive rate?
  • Unable to compare Select Sector SPDR Trust - The Consumer Discretionary Select Sector SPDR Fund's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Select Sector SPDR Trust - The Consumer Discretionary Select Sector SPDR Fund's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare Select Sector SPDR Trust - The Consumer Discretionary Select Sector SPDR Fund's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ARCA:XLY 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 6.4%
United States of America Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
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:XLY Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 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:XLY Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-09-30 210 3,716
2018-06-30 195 2,826
2018-03-31 180 1,936
2017-12-31 187 1,732
2017-09-30 194 1,528
2017-06-30 190 1,441
2017-03-31 185 1,354
2016-12-31 181 1,105
2016-09-30 178 855
2016-06-30 177 714
2016-03-31 175 573
2015-12-31 161 669

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Select Sector SPDR Trust - The Consumer Discretionary Select Sector SPDR Fund is high growth as no earnings estimate data is available.
  • Unable to determine if Select Sector SPDR Trust - The Consumer Discretionary Select Sector SPDR Fund 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:XLY Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Select Sector SPDR Trust - The Consumer Discretionary Select Sector SPDR Fund Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ARCA:XLY Past Financials Data
Date (Data in USD Millions) EPS *
2018-09-30 26.85
2018-06-30 20.42
2018-03-31 15.28
2017-12-31 13.67
2017-09-30 11.95
2017-06-30 11.27
2017-03-31 9.79
2016-12-31 7.98
2016-09-30 7.18
2016-06-30 6.00
2016-03-31 4.20
2015-12-31 4.91

*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 Select Sector SPDR Trust - The Consumer Discretionary Select Sector SPDR Fund will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Select Sector SPDR Trust - The Consumer Discretionary Select Sector SPDR Fund'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.
Select Sector SPDR Trust - The Consumer Discretionary Select Sector SPDR Fund 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.

Past Performance

  How has Select Sector SPDR Trust - The Consumer Discretionary Select Sector SPDR Fund 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 Select Sector SPDR Trust - The Consumer Discretionary Select Sector SPDR Fund'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.
  • Select Sector SPDR Trust - The Consumer Discretionary Select Sector SPDR Fund has delivered over 20% year on year earnings growth in the past 5 years.
  • Select Sector SPDR Trust - The Consumer Discretionary Select Sector SPDR Fund's 1-year earnings growth exceeds its 5-year average (143.2% vs 24.6%)
  • Select Sector SPDR Trust - The Consumer Discretionary Select Sector SPDR Fund's earnings growth has exceeded the US Capital Markets industry average in the past year (143.2% vs 34.2%).
Earnings and Revenue History
Select Sector SPDR Trust - The Consumer Discretionary Select Sector SPDR Fund'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 Select Sector SPDR Trust - The Consumer Discretionary Select Sector SPDR Fund Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ARCA:XLY Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 209.77 3,715.88 16.87
2018-06-30 194.85 2,825.77 16.57
2018-03-31 179.94 1,935.67 16.28
2017-12-31 187.17 1,731.64 16.08
2017-09-30 194.39 1,527.62 15.88
2017-06-30 189.56 1,440.76 15.40
2017-03-31 184.72 1,353.90 14.92
2016-12-31 181.49 1,104.53 14.95
2016-09-30 178.26 855.17 14.97
2016-06-30 176.72 714.03 15.16
2016-03-31 175.19 572.89 15.35
2015-12-31 161.18 669.41 14.49
2015-09-30 147.17 765.93 13.63
2015-06-30 129.50 909.76 11.76
2015-03-31 111.84 1,053.59 9.89
2014-12-31 102.74 828.64 9.59
2014-09-30 93.64 603.68 9.28
2014-06-30 94.34 893.58 9.67
2014-03-31 95.05 1,183.47 10.06
2013-12-31 89.17 1,230.65 9.05
2013-09-30 83.29 1,277.82 8.04
2013-06-30 74.94 959.03 7.11
2013-03-31 66.59 640.24 6.19
2012-12-31 58.33 697.71 5.67
2012-09-30 50.07 755.19 5.16
2012-06-30 45.83 585.67 4.75
2012-03-31 41.59 416.15 4.35

*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.
  • Select Sector SPDR Trust - The Consumer Discretionary Select Sector SPDR Fund has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Select Sector SPDR Trust - The Consumer Discretionary Select Sector SPDR Fund used its assets more efficiently than the US Capital Markets industry average last year based on Return on Assets.
  • Select Sector SPDR Trust - The Consumer Discretionary Select Sector SPDR Fund's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Select Sector SPDR Trust - The Consumer Discretionary Select Sector SPDR Fund'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.
Select Sector SPDR Trust - The Consumer Discretionary Select Sector SPDR Fund has a total score of 5/6, 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.

Health

 How is Select Sector SPDR Trust - The Consumer Discretionary Select Sector SPDR Fund'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 Select Sector SPDR Trust - The Consumer Discretionary Select Sector SPDR Fund's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Select Sector SPDR Trust - The Consumer Discretionary Select Sector SPDR Fund is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Select Sector SPDR Trust - The Consumer Discretionary Select Sector SPDR Fund has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Select Sector SPDR Trust - The Consumer Discretionary Select Sector SPDR Fund'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 1.3x 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 Select Sector SPDR Trust - The Consumer Discretionary Select Sector SPDR Fund Company Filings, last reported 5 months ago.

ARCA:XLY Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 16,218.94 41.77 2.09
2018-06-30 16,218.94 41.77 2.09
2018-03-31 12,833.09 38.30 16.19
2017-12-31 12,833.09 38.30 16.19
2017-09-30 11,518.59 24.09 20.94
2017-06-30 11,518.59 24.09 20.94
2017-03-31 12,165.18 31.48 17.92
2016-12-31 12,165.18 31.48 17.92
2016-09-30 9,531.93 50.79 29.19
2016-06-30 9,531.93 50.79 29.19
2016-03-31 10,787.32 326.08 15.56
2015-12-31 10,787.32 326.08 15.56
2015-09-30 10,117.64 369.00 11.25
2015-06-30 10,117.64 369.00 11.25
2015-03-31 11,102.76 456.19 15.83
2014-12-31 11,102.76 456.19 15.83
2014-09-30 6,712.78 253.74 4.71
2014-06-30 6,712.78 253.74 4.71
2014-03-31 5,657.97 176.29 6.42
2013-12-31 5,657.97 176.29 6.42
2013-09-30 6,734.93 105.81 6.17
2013-06-30 6,734.93 105.81 6.17
2013-03-31 4,392.18 126.98 7.49
2012-12-31 4,392.18 126.98 7.49
2012-09-30 3,343.16 131.29 15.76
2012-06-30 3,343.16 131.29 15.76
2012-03-31 3,243.06 98.23 5.59
  • Select Sector SPDR Trust - The Consumer Discretionary Select Sector SPDR Fund's level of debt (0.3%) 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 (1.6% vs 0.3% today).
  • Unable to verify if debt is well covered by operating cash flow as Select Sector SPDR Trust - The Consumer Discretionary Select Sector SPDR Fund has not reported sufficient balance sheet data.
  • Unable to confirm if the interest payments on Select Sector SPDR Trust - The Consumer Discretionary Select Sector SPDR Fund's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Select Sector SPDR Trust - The Consumer Discretionary Select Sector SPDR Fund'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. Select Sector SPDR Trust - The Consumer Discretionary Select Sector SPDR Fund has a total score of 4/6, 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.

Dividends

 What is Select Sector SPDR Trust - The Consumer Discretionary Select Sector SPDR Fund'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
1.15%
Current annual income from Select Sector SPDR Trust - The Consumer Discretionary Select Sector SPDR Fund dividends.
If you bought $2,000 of Select Sector SPDR Trust - The Consumer Discretionary Select Sector SPDR Fund shares you are expected to receive $23 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?
  • Select Sector SPDR Trust - The Consumer Discretionary Select Sector SPDR Fund's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • Select Sector SPDR Trust - The Consumer Discretionary Select Sector SPDR Fund's dividend is below the markets top 25% of dividend payers in United States of America (3.63%).
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:XLY 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%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2004 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:XLY Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2018-12-04 1.290 1.222
2017-12-05 1.350 1.262
2016-11-22 1.220 1.379
2015-12-04 1.080 1.382
2014-12-05 0.910 1.199
2013-12-06 0.820 1.239
2013-01-03 0.670 1.186
2011-12-02 0.610 1.385
2010-11-29 0.430 1.123
2009-11-30 0.450 1.407
2009-03-20 0.490 1.990

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Select Sector SPDR Trust - The Consumer Discretionary Select Sector SPDR Fund's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (20.8x 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 Select Sector SPDR Trust - The Consumer Discretionary Select Sector SPDR Fund'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 Select Sector SPDR Trust - The Consumer Discretionary Select Sector SPDR Fund afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Select Sector SPDR Trust - The Consumer Discretionary Select Sector SPDR Fund 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.

Management

 What is the CEO of Select Sector SPDR Trust - The Consumer Discretionary Select Sector SPDR Fund'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
Ellen Needham
AGE 51
CEO Bio

Ms. Ellen Marie Needham has been President and Director SSgA Funds Management, Inc., since June 2012. Ms. Needham has been a Principal of SSgA Funds Management, Inc., since 1992. She has been the Senior Managing Director of State Street Global Advisors since March 2011. Ms. Needham served as the Chief Operating Officer at SSgA Funds Management Inc since May 2010 until June 2012 and served as its Senior Managing Director since 1992 until 2012.

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

Ellen Needham

TITLE
President
AGE
51

Chad Hallett

TITLE
Principal Financial Officer and Treasurer
AGE
49

Brian Harris

TITLE
Chief Compliance Officer
AGE
45

Jesse Hallee

TITLE
Secretary
AGE
42

Michael Riley

TITLE
Vice President
AGE
49

Matt Flaherty

TITLE
Assistant Treasurer
AGE
47

Laura Dell

TITLE
Assistant Treasurer
AGE
54

David James

TITLE
Assistant Secretary
AGE
48

Danio Mastropieri

TITLE
Assistant Secretary
AGE
46

Karl Schneider

TITLE
Portfolio Manager
Board of Directors Tenure

Average tenure and age of the Select Sector SPDR Trust - The Consumer Discretionary Select Sector SPDR Fund board of directors in years:

20.4
Average Tenure
72
Average Age
  • The average tenure for the Select Sector SPDR Trust - The Consumer Discretionary Select Sector SPDR Fund board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

George Gaspari

TITLE
Chairman
AGE
78

Ernest Scalberg

TITLE
Independent Trustee
AGE
73
TENURE
20.4 yrs

Cheryl Burgermeister

TITLE
Independent Trustee
AGE
67
TENURE
20.4 yrs

R. Tschampion

TITLE
Independent Trustee
AGE
72
TENURE
20.4 yrs

James Ross

TITLE
Interested Trustee
AGE
53
TENURE
13.3 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 Select Sector SPDR Trust - The Consumer Discretionary Select Sector SPDR Fund'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. Select Sector SPDR Trust - The Consumer Discretionary Select Sector SPDR Fund 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.

News

Simply Wall St News

Company Info

Description

The Select Sector SPDR Trust - The Consumer Discretionary Select Sector SPDR Fund is an exchange traded fund launched by State Street Global Advisors, Inc.. It is managed by SSGA Funds Management, Inc.. It invests in public equity markets of the United States. It invests in stocks of companies operating across consumer discretionary sectors. It invests in growth and value stocks of large-cap companies. The fund seeks to track the performance of the Consumer Discretionary Select Sector Index, by using full replication technique. The Select Sector SPDR Trust - The Consumer Discretionary Select Sector SPDR Fund was formed on December 16, 1998 and is domiciled in the United States.

Details
Name: The Select Sector SPDR Trust - The Consumer Discretionary Select Sector SPDR Fund
XLY
Exchange: ARCA
Founded: 1998
$12,317,607,471
109,753,252
Website: http://us.spdrs.com/en/etf/consumer-discretionary-select-sector-spdr-fund-XLY
Address: The Select Sector SPDR Trust - The Consumer Discretionary Select Sector SPDR Fund
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 XLY Common Stock NYSE Arca US USD 22. Dec 1998
HMSE SD7Y Common Stock Hamburg Stock Exchange DE EUR 22. Dec 1998
LSE 0L4P Common Stock London Stock Exchange GB USD 22. Dec 1998
BVL XLY Common Stock Bolsa de Valores de Lima PE USD 22. Dec 1998
Number of employees
Current staff
Staff numbers
0
Select Sector SPDR Trust - The Consumer Discretionary Select Sector SPDR Fund employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/19 23:49
End of day share price update: 2019/03/19 00:00
Last earnings filing: 2018/12/04
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.