iShares MSCI Finland ETF
ALTAR
Score™		 6.3% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 17.3x P/Sales
ratio		 1.6x
P/BV
ratio		 1.8x Div.
yield		 5.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
iShares MSCI Finland Capped Investable Market Index Fund is an exchange-traded fund incorporated in the USA. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Finland IMI 25/50 Index.

FUND BASICS
Category International Equities
Fund Sponsor BlackRock Fund Advisors
Website www.ishares.com
Inception date Jan 25, 2012
Assets (mns) $30
Currency USD
Expense ratio 56 bp
Distributions Semi-Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian State Street Bank & Trust
Weighting Market Cap
Index replication Optimized
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 35
Wgt avg mkt cap (mns) $26,262
Large cap (>$10bn) 51.1%
Mid cap ($2-10bn) 45.0%
Small cap (<$2bn) 4.0%
Developed mkts 96.5%
Emerging mkts 0.0%

TOP TEN HOLDINGS
NORDEA BANK ABP 20.8 %
NOKIA OYJ 12.0 %
SAMPO OYJ CLASS A 10.3 %
WARTSILA OYJ 5.2 %
KONE OYJ-B 4.7 %
METSO CORPORATION 4.4 %
UPM-KYMMENE OYJ 4.3 %
FORTUM OYJ 3.8 %
NESTE OIL OYJ 3.2 %
ORION OYJ CLASS B 3.2 %
Total 72.0 %

TOP COUNTRY EXPOSURE
FINLAND 92.1 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
40.5% 36.3% 4.5% 6.8% 7.5%

Market Correlations
versus... Beta R-squared
S&P500 0.50 29%
MSCI EAFE 0.90 68%
MSCI Emg. Mkts. 0.67 43%

Technical Indicators
Recent close $46.53
30d moving avg. $45.55
Annualized volatility 16.0%
Short interest (ETF) 0.4%
Relative strength (RSI) 59

Liquidity measures
Avg. volume (thou.) 5
Turnover 0.8%
Bid/Ask (% of price) 0.13%
ADV underlying (mns) $259

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 211 potential alternatives to the iShares MSCI Finland ETF ETF based on the alternatives' overlap in portfolio holdings with EFNL. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: EFNL Expense: 56 bp ALTAR Score™: 6.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EFNL
Ticker Fund
Name		 Overlap1
vs EFNL
(%)		 Expense
ratio
(bp)		 Savings
vs EFNL
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs EFNL
(%)
IDOG ALPS International Sector Dividend Dogs ETF 10.8 50 6 11.2 +4.9
CUT Invesco MSCI Global Timber ETF 9.1 61 -5 10.7 +4.4
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 9.1 58 -2 8.3 +2.0
WOOD iShares Global Timber & Forestry ETF 7.2 42 14 12.8 +6.5
HEDJ WisdomTree Europe Hedged Equity Fund 6.0 58 -2 6.4 +0.1
GNR SPDR S&P Global Natural Resources ETF 4.4 40 16 10.2 +3.9
FICS First Trust International Developed Capital Strength ETF 4.2 70 -14 7.2 +0.9
RFEU First Trust Riverfront Dynamic Europe ETF 4.1 83 -27 10.0 +3.7
VCLN Virtus Duff & Phelps Clean Energy ETF 3.8 59 -3 4.1 -2.2
NLR VanEck Uranium+Nuclear Energy ETF 3.4 61 -5 1.8 -4.5
RNWZ TrueShares Eagle Global Renewable Energy Income ETF 3.4 75 -19 7.2 +0.9
BKCI BNY Mellon Concentrated International ETF 3.4 80 -24 5.1 -1.2
CRAK VanEck Oil Refiners ETF 3.2 61 -5 11.7 +5.4
EZU iShares MSCI Eurozone ETF 3.2 52 4 6.3 +0.1
SCHY Schwab International Dividend Equity ETF 3.2 14 42 9.6 +3.3
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 3.0 65 -9 4.5 -1.7
EFAV iShares MSCI EAFE Min Vol Factor ETF 3.0 22 34 5.8 -0.5
DIM WisdomTree International MidCap Dividend Fund 2.8 58 -2 7.0 +0.8
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 2.8 45 11 6.7 +0.4
FID First Trust S&P International Dividend Aristocrats ETF 2.7 60 -4 7.8 +1.5
EUFN iShares MSCI Europe Financials ETF 2.6 51 5 7.5 +1.2
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 2.5 32 24 5.8 -0.5
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 2.3 80 -24 4.1 -2.2
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 2.3 60 -4 11.0 +4.7
IEUS iShares MSCI Europe Small-Cap ETF 2.2 42 14 7.2 +1.0
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 2.2 9 47 8.8 +2.5
EUDV ProShares MSCI Europe Dividend Growers ETF 2.2 55 1 6.1 -0.2
DFIS Dimensional International Small Cap ETF 2.1 39 17 6.9 +0.6
WWJD Inspire International ETF 2.1 80 -24 7.0 +0.8
WDIV SPDR S&P Global Dividend ETF 2.1 40 16 8.9 +2.6
JHID John Hancock International High Dividend ETF 2.1 46 10 9.0 +2.7
INEQ Columbia International Equity Income ETF 2.1 45 11 7.4 +1.1
OCEN IQ Clean Oceans ETF 2.0 45 11 5.3 -0.9
VWID Virtus WMC International Dividend ETF 2.0 49 7 7.8 +1.5
IMOM Alpha Architect International Quantitative Momentum ETF 2.0 49 7 4.6 -1.7
DISV Dimensional International Small Cap Value ETF 1.9 42 14 8.8 +2.5
QINT American Century Quality Diversified International ETF 1.9 39 17 6.7 +0.4
FENI Fidelity Enhanced International ETF 1.9 28 28 6.1 -0.2
DFSI Dimensional International Sustainability Core 1 ETF 1.9 24 32 6.1 -0.2
AZTD Aztlan Global Stock Selection DM SMID ETF 1.9 75 -19 6.3 +0.0
DMXF iShares ESG Advanced MSCI EAFE ETF 1.8 12 44 5.3 -1.0
IQDF FlexShares International Quality Dividend Index Fund 1.8 47 9 8.3 +2.0
INTF iShares International Equity Factor ETF 1.8 15 41 7.2 +0.9
IEUR iShares Core MSCI Europe ETF 1.8 11 45 7.0 +0.7
NUKZ Range Nuclear Renaissance Index ETF 1.8 85 -29 1.2 -5.1
ESGD iShares ESG Aware MSCI EAFE ETF 1.7 20 36 6.2 -0.1
DFE WisdomTree Europe SmallCap Dividend Fund 1.7 58 -2 8.0 +1.7
WBAT WisdomTree Battery Value Chain and Innovation Fund 1.7 45 11 1.7 -4.6
EUDG WisdomTree Europe Quality Dividend Growth Fund 1.7 58 -2 6.5 +0.3
EFV iShares MSCI EAFE Value ETF 1.7 34 22 8.3 +2.0
QEFA SPDR MSCI EAFE StrategicFactors ETF 1.6 30 26 6.6 +0.3
TPIF Timothy Plan International ETF 1.6 62 -6 6.0 -0.3
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 1.5 24 32 7.0 +0.7
DLS WisdomTree International SmallCap Dividend Fund 1.5 58 -2 7.9 +1.6
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.5 47 9 7.6 +1.3
DFIC Dimensional International Core Equity 2 ETF 1.5 23 33 7.0 +0.7
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 1.5 14 42 5.8 -0.5
CIL VictoryShares International Volatility Wtd ETF 1.5 45 11 6.3 +0.0
IDHQ Invesco S&P International Developed High Quality ETF 1.5 29 27 6.3 +0.0
IDV iShares International Select Dividend ETF 1.5 51 5 10.3 +4.0
IDLV Invesco S&P International Developed Low Volatility ETF 1.5 25 31 6.4 +0.2
FEUZ First Trust Eurozone AlphaDEX ETF 1.5 80 -24 7.3 +1.1
DXIV Dimensional International Vector Equity ETF 1.5 34 22 7.3 +1.0
EV Mast Global Battery Recycling & Production ETF 1.5 65 -9 7.6 +1.4
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 1.5 39 17 6.3 +0.0
SPEU SPDR Portfolio Europe ETF 1.5 7 49 7.0 +0.7
RODM Hartford Multifactor Developed Markets (ex-US) ETF 1.5 29 27 7.3 +1.0
VGK Vanguard FTSE Europe ETF 1.5 6 50 7.1 +0.8
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 1.4 12 44 5.6 -0.6
PPIE Putnam PanAgora ESG International Equity ETF 1.4 49 7 7.1 +0.8
DTH WisdomTree International High Dividend Fund 1.4 58 -2 7.8 +1.6
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 1.4 25 31 7.0 +0.7
VYMI Vanguard International High Dividend Yield ETF 1.4 17 39 8.9 +2.6
IBOT Vaneck Robotics ETF 1.4 47 9 4.0 -2.3
FPXE First Trust IPOX Europe Equity Opportunities ETF 1.4 70 -14 3.8 -2.5
BBEU JPMorgan BetaBuilders Europe ETF 1.3 9 47 6.9 +0.6
IVLU iShares MSCI Intl Value Factor ETF 1.3 30 26 9.4 +3.1
DBEU Xtrackers MSCI Europe Hedged Equity ETF 1.3 46 10 6.5 +0.2
IEV iShares Europe ETF 1.3 67 -11 6.4 +0.2
ETEC iShares Breakthrough Environmental Solutions ETF 1.3 47 9 3.5 -2.8
FNDC Schwab Fundamental International Small Co. Index ETF 1.3 39 17 5.8 -0.5
FLEE Franklin FTSE Europe ETF 1.3 9 47 6.9 +0.6
FEZ SPDR EURO STOXX 50 ETF 1.2 29 27 6.3 0.0
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 1.2 45 11 8.2 +1.9
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 1.2 58 -2 6.7 +0.4
SCHC Schwab International Small-Cap Equity ETF 1.2 11 45 7.5 +1.2
EFAD ProShares MSCI EAFE Dividend Growers ETF 1.2 50 6 5.8 -0.5
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 1.2 46 10 9.4 +3.2
FNDF Schwab Fundamental International Large Co. Index ETF 1.1 25 31 9.0 +2.8
EFA iShares MSCI EAFE ETF 1.1 35 21 6.3 0.0
KNO AXS Knowledge Leaders ETF 1.1 78 -22 5.6 -0.7
IQLT iShares MSCI Intl Quality Factor ETF 1.1 30 26 6.0 -0.3
DFAI Dimensional International Core Equity Market ETF 1.1 18 38 6.7 +0.4
IEFA iShares Core MSCI EAFE ETF 1.1 7 49 6.6 +0.3
IQDG WisdomTree International Quality Dividend Growth Fund 1.1 42 14 6.8 +0.5
AVIV Avantis International Large Cap Value ETF 1.1 25 31 8.1 +1.8
DWM WisdomTree International Equity Fund 1.1 48 8 6.8 +0.6
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 1.1 40 16 7.0 +0.7
ROBO ROBO Global Robotics & Automation Index ETF 1.1 95 -39 3.1 -3.2
BOTZ Global X Robotics & Artificial Intelligence ETF 1.1 69 -13 2.0 -4.3
BLES Inspire Global Hope ETF 1.1 61 -5 6.8 +0.5
DTAN Sparkline International Intangible Value ETF 1.1 55 1 8.0 +1.7
JHMD John Hancock Multifactor Developed International ETF 1.1 39 17 7.0 +0.7
IQSI IQ Candriam International Equity ETF 1.1 15 41 6.1 -0.1
IMFL Invesco International Developed Dynamic Multifactor ETF 1.1 34 22 5.7 -0.6
VIDI Vident International Equity Strategy ETF 1.0 61 -5 10.2 +3.9
IDEV iShares Core MSCI International Developed Markets ETF 1.0 4 52 6.6 +0.3
DIVI Franklin International Core Dividend Tilt Index ETF 1.0 9 47 7.4 +1.1
FGD First Trust Dow Jones Global Select Dividend Index Fund 0.9 56 0 10.8 +4.5
SCZ iShares MSCI EAFE Small-Cap ETF 0.9 40 16 6.7 +0.5
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 0.9 20 36 6.0 -0.3
SCHF Schwab International Equity ETF 0.9 6 50 6.9 +0.6
NXTG First Trust Indxx NextG ETF 0.9 70 -14 5.0 -1.3
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.9 30 26 7.4 +1.1
TRFK Pacer Data and Digital Revolution ETF 0.9 60 -4 3.3 -3.0
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.9 25 31 6.8 +0.5
VEA Vanguard FTSE Developed Markets ETF 0.9 3 53 6.7 +0.4
JPIN J.P. Morgan Diversified Return International Equity ETF 0.9 37 19 7.7 +1.4
GSID Goldman Sachs MarketBeta International Equity ETF 0.9 20 36 6.4 +0.1
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.9 36 20 6.3 -0.0
IMTM iShares MSCI Intl Momentum Factor ETF 0.9 30 26 5.1 -1.2
MXI iShares Global Materials ETF 0.8 41 15 7.1 +0.8
ISCF iShares International SmallCap Equity Factor ETF 0.8 23 33 8.0 +1.7
CLNR IQ Cleaner Transport ETF 0.8 45 11 5.2 -1.1
HAP VanEck Natural Resources ETF 0.8 50 6 8.7 +2.4
AVDE Avantis International Equity ETF 0.8 23 33 6.9 +0.7
AVSD Avantis Responsible International Equity ETF 0.8 23 33 5.1 -1.2
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.8 8 48 7.1 +0.8
FEP First Trust Europe AlphaDEX Fund 0.8 80 -24 7.8 +1.5
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.8 35 21 6.2 -0.1
AVDV Avantis International Small Cap Value ETF 0.8 36 20 8.6 +2.3
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.8 20 36 6.0 -0.3
DIHP Dimensional International High Profitability ETF 0.8 29 27 6.5 +0.2
BKIE BNY Mellon International Equity ETF 0.8 4 52 6.5 +0.2
RFDI First Trust Riverfront Dynamic Developed International ETF 0.7 83 -27 8.9 +2.6
ICOW Pacer Developed Markets International Cash Cows 100 ETF 0.7 65 -9 10.5 +4.2
STXI Strive International Developed Markets ETF 0.7 29 27 6.3 +0.0
HFXI IQ FTSE International Equity Currency Neutral ETF 0.7 20 36 6.5 +0.2
ACWX iShares MSCI ACWI ex U.S. ETF 0.7 34 22 7.2 +0.9
TTAI FCF International Quality ETF 0.7 59 -3 7.4 +1.1
TEMP JPMorgan Climate Change Solutions ETF 0.7 49 7 5.8 -0.5
IXUS iShares Core MSCI Total International Stock ETF 0.7 7 49 7.4 +1.2
VXUS Vanguard Total International Stock ETF 0.7 5 51 7.5 +1.3
SPDW SPDR Portfolio Developed World ex-US ETF 0.7 3 53 6.6 +0.3
VSGX Vanguard ESG International Stock ETF 0.6 10 46 7.4 +1.2
EXI iShares Global Industrials ETF 0.6 42 14 4.3 -2.0
DFIV Dimensional International Value ETF 0.6 27 29 8.7 +2.4
DGT State Street SPDR Global Dow ETF 0.6 50 6 6.5 +0.2
NUDM Nuveen ESG International Developed Markets Equity ETF 0.6 31 25 5.8 -0.5
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 0.6 65 -9 2.0 -4.3
AVDS Avantis International Small Cap Equity ETF 0.6 30 26 6.6 +0.3
DWX SPDR S&P International Dividend ETF 0.6 45 11 7.1 +0.8
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.6 39 17 7.4 +1.1
DOL WisdomTree International LargeCap Dividend Fund 0.6 48 8 6.6 +0.4
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.6 49 7 6.7 +0.4
FOWF Pacer Solactive Whitney Fututre of Warfare ETF 0.6 60 -4 4.0 -2.3
ICPY Tweedy, Browne International Insider Value ETF 0.6 80 -24 11.2 +5.0
EFG iShares MSCI EAFE Growth ETF 0.6 36 20 4.1 -2.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.6 41 15 7.1 +0.8
WRND IQ Global Equity R&D Leaders ETF 0.6 18 38 7.7 +1.4
CWI SPDR MSCI ACWI ex-US ETF 0.5 30 26 7.3 +1.0
KNCT Invesco Next Gen Connectivity ETF 0.5 40 16 4.8 -1.5
RCGE RockCreek Global Equality ETF 0.5 95 -39 6.5 +0.2
QWLD SPDR MSCI World StrategicFactors ETF 0.5 30 26 5.7 -0.6
CCNR ALPS CoreCommodity Natural Resources ETF 0.5 39 17 8.6 +2.3
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.5 18 38 7.2 +1.0
VEU Vanguard FTSE All-World ex-US Index Fund 0.5 4 52 7.6 +1.3
FDEV Fidelity International Multifactor ETF 0.5 18 38 7.3 +1.0
GWX SPDR S&P International Small Cap ETF 0.5 40 16 6.4 +0.1
RWX SPDR Dow Jones International Real Estate ETF 0.5 59 -3 6.9 +0.6
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.5 12 44 4.9 -1.3
CGW Invesco S&P Global Water Index ETF 0.5 57 -1 4.7 -1.6
JXI iShares Global Utilities ETF 0.5 43 13 5.7 -0.6
BULD Pacer BlueStar Engineering the Future ETF 0.4 60 -4 0.4 -5.9
COPY Tweedy, Browne Insider + Value ETF 0.4 80 -24 11.4 +5.1
JSTC Adasina Social Justice All Cap Global ETF 0.4 89 -33 4.8 -1.5
PATN Pacer Nasdaq International Patent Leaders ETF 0.4 65 -9 5.4 -0.9
FEOE First Eagle Overseas Equity ETF 0.4 79 -23 6.7 +0.4
IPAV Global X Infrastructure Development ex-U.S. ETF 0.3 55 1 6.4 +0.2
GQRE FlexShares Global Quality Real Estate Index Fund 0.3 45 11 7.9 +1.6
AIQ Global X Artificial Intelligence & Technology ETF 0.3 68 -12 3.7 -2.6
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.3 10 46 6.6 +0.4
RODE Hartford Multifactor Diversified International ETF 0.3 29 27 10.3 +4.1
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.3 25 31 6.0 -0.3
ESGG FlexShares STOXX Global ESG Select Index Fund 0.3 42 14 5.2 -1.1
TOK iShares MSCI Kokusai ETF 0.3 26 30 4.9 -1.4
IXC iShares Global Energy ETF 0.3 44 12 10.0 +3.8
IFGL iShares International Developed Real Estate ETF 0.3 48 8 7.0 +0.7
URTH iShares MSCI World ETF 0.3 24 32 4.9 -1.3
GLOF iShares Global Equity Factor ETF 0.3 20 36 6.7 +0.4
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.3 9 47 5.5 -0.8
FDT First Trust Developed Markets ex-US AlphaDEX Fund 0.2 80 -24 8.4 +2.1
ACWI iShares MSCI ACWI ETF 0.2 32 24 5.3 -0.9
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.2 12 44 8.2 +1.9
VT Vanguard Total World Stock ETF 0.2 6 50 5.7 -0.6
KOKU Xtrackers MSCI Kokusai Equity ETF 0.2 9 47 5.1 -1.2
IGRO iShares International Dividend Growth ETF 0.2 15 41 6.9 +0.6
GEW Cambria Global EW ETF 0.2 29 27 5.9 -0.4
IXG iShares Global Financials ETF 0.2 42 14 6.4 +0.1
SHPP Pacer Industrials and Logistics ETF 0.2 60 -4 8.2 +1.9
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.2 20 36 5.4 -0.9
IXN iShares Global Tech ETF 0.2 41 15 3.6 -2.7
ERET iShares Environmentally Aware Real Estate ETF 0.2 30 26 7.3 +1.0
KXI iShares Global Consumer Staples ETF 0.2 41 15 5.6 -0.6
PICK iShares MSCI Global Metals & Mining Producers ETF 0.1 39 17 10.4 +4.2
RWO SPDR Dow Jones Global Real Estate ETF 0.1 50 6 7.0 +0.8
IXP iShares Global Comm Services ETF 0.1 42 14 5.8 -0.5
FIDI Fidelity International High Dividend ETF 0.1 18 38 7.8 +1.5
JIRE JPMorgan International Research Enhanced Equity ETF 0.1 24 32 6.7 +0.5
DEW WisdomTree Global High Dividend Fund 0.1 58 -2 8.1 +1.8
VIGI Vanguard International Dividend Appreciation ETF 0.1 10 46 6.2 -0.0

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2020 2021 2022 2023 2024 2025E 2026E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2024 2025E 2026E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 iShares MSCI Finland ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 12.0 %
Divided by: Fwd. P/BV 1.8 x
Less: Expense ratio 56 bp
Equals: ALTAR Score 6.3 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.68 CATEGORY
AVERAGE		 1.64
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.