iShares MSCI Finland ETF
ALTAR
Score™		 5.7% info Recommen-
dation		 NEUTRAL
2025E    2026E
P/E
ratio		 18.6x P/Sales
ratio		 1.7x
P/BV
ratio		 1.9x Div.
yield		 4.8%


  • 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) $37
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 21.1 %
NOKIA OYJ 12.2 %
SAMPO OYJ CLASS A 9.8 %
WARTSILA OYJ 5.3 %
KONE OYJ-B 4.7 %
METSO CORPORATION 4.5 %
UPM-KYMMENE OYJ 4.2 %
FORTUM OYJ 3.9 %
ORION OYJ CLASS B 3.3 %
NESTE OIL OYJ 3.1 %
Total 72.2 %

TOP COUNTRY EXPOSURE
FINLAND 91.9 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
53.6% 53.6% 5.8% 8.0% 8.3%

Market Correlations
versus... Beta R-squared
S&P500 0.52 34%
MSCI EAFE 0.89 70%
MSCI Emg. Mkts. 0.68 47%

Technical Indicators
Recent close $49.92
30d moving avg. $47.90
Annualized volatility 16.0%
Short interest (ETF) 0.4%
Relative strength (RSI) 65

Liquidity measures
Avg. volume (thou.) 13
Turnover 1.7%
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™: 5.7%


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
(%)
CUT Invesco MSCI Global Timber ETF 9.0 61 -5 9.8 +4.1
WOOD iShares Global Timber & Forestry ETF 7.1 42 14 11.7 +6.0
HEDJ WisdomTree Europe Hedged Equity Fund 4.9 58 -2 5.7 -0.0
GNR SPDR S&P Global Natural Resources ETF 4.3 40 16 8.4 +2.7
FICS First Trust International Developed Capital Strength ETF 4.1 70 -14 6.3 +0.7
IDOG ALPS International Sector Dividend Dogs ETF 4.1 50 6 10.2 +4.5
BKCI BNY Mellon Concentrated International ETF 3.5 80 -24 4.5 -1.2
RNWZ TrueShares Eagle Global Renewable Energy Income ETF 3.4 75 -19 6.3 +0.6
SCHY Schwab International Dividend Equity ETF 3.3 14 42 8.4 +2.7
EZU iShares MSCI Eurozone ETF 3.2 52 4 5.6 -0.1
NLR VanEck Uranium+Nuclear Energy ETF 3.2 61 -5 1.3 -4.4
CRAK VanEck Oil Refiners ETF 3.1 61 -5 10.3 +4.6
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 3.1 65 -9 3.9 -1.8
OAIM OneAscent International Equity ETF 3.1 95 -39 4.4 -1.2
EFAV iShares MSCI EAFE Min Vol Factor ETF 3.0 22 34 5.4 -0.3
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 3.0 58 -2 7.1 +1.4
FID First Trust S&P International Dividend Aristocrats ETF 2.8 60 -4 7.0 +1.3
OCEN IQ Clean Oceans ETF 2.7 45 11 5.1 -0.6
EUFN iShares MSCI Europe Financials ETF 2.6 51 5 6.6 +0.9
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 2.6 45 11 6.1 +0.4
WWJD Inspire International ETF 2.5 80 -24 6.2 +0.5
VCLN Virtus Duff & Phelps Clean Energy ETF 2.5 59 -3 3.4 -2.3
DWMF WisdomTree International Multifactor Fund 2.5 38 18 6.3 +0.6
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 2.3 80 -24 3.3 -2.4
DIM WisdomTree International MidCap Dividend Fund 2.3 58 -2 6.2 +0.6
IEUS iShares MSCI Europe Small-Cap ETF 2.2 42 14 6.3 +0.6
WDIV SPDR S&P Global Dividend ETF 2.2 40 16 8.1 +2.4
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 2.1 32 24 5.4 -0.3
DFIS Dimensional International Small Cap ETF 2.1 39 17 5.9 +0.3
EUDV ProShares MSCI Europe Dividend Growers ETF 2.1 55 1 5.4 -0.3
VWID Virtus WMC International Dividend ETF 2.1 49 7 7.1 +1.4
NUKZ Range Nuclear Renaissance Index ETF 2.0 85 -29 0.9 -4.8
AZTD Aztlan Global Stock Selection DM SMID ETF 2.0 75 -19 5.1 -0.5
DISV Dimensional International Small Cap Value ETF 2.0 42 14 7.6 +1.9
IMOM Alpha Architect International Quantitative Momentum ETF 1.9 49 7 3.8 -1.9
DFSI Dimensional International Sustainability Core 1 ETF 1.9 24 32 5.3 -0.3
DMXF iShares ESG Advanced MSCI EAFE ETF 1.8 12 44 4.9 -0.8
IQDF FlexShares International Quality Dividend Index Fund 1.8 47 9 7.3 +1.6
IEUR iShares Core MSCI Europe ETF 1.8 11 45 6.1 +0.5
ESGD iShares ESG Aware MSCI EAFE ETF 1.7 20 36 5.6 -0.1
EFV iShares MSCI EAFE Value ETF 1.7 34 22 7.5 +1.8
TPIF Timothy Plan International ETF 1.6 62 -6 5.2 -0.5
INTF iShares International Equity Factor ETF 1.6 15 41 6.4 +0.7
QEFA SPDR MSCI EAFE StrategicFactors ETF 1.6 30 26 5.9 +0.2
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 1.6 25 31 6.2 +0.5
DXIV Dimensional International Vector Equity ETF 1.5 34 22 6.4 +0.7
DFIC Dimensional International Core Equity 2 ETF 1.5 23 33 6.1 +0.4
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.5 47 9 6.7 +1.0
IDV iShares International Select Dividend ETF 1.5 51 5 9.0 +3.3
IDHQ Invesco S&P International Developed High Quality ETF 1.5 29 27 5.2 -0.5
QINT American Century Quality Diversified International ETF 1.5 39 17 5.9 +0.3
IDLV Invesco S&P International Developed Low Volatility ETF 1.5 25 31 6.1 +0.4
JHID John Hancock International High Dividend ETF 1.5 46 10 8.0 +2.3
FEUZ First Trust Eurozone AlphaDEX ETF 1.5 80 -24 6.3 +0.6
IBOT Vaneck Robotics ETF 1.5 47 9 3.2 -2.5
FENI Fidelity Enhanced International ETF 1.5 28 28 5.4 -0.3
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 1.5 24 32 6.2 +0.5
CIL VictoryShares International Volatility Wtd ETF 1.5 45 11 5.6 -0.1
EV Mast Global Battery Recycling & Production ETF 1.5 65 -9 7.2 +1.5
VGK Vanguard FTSE Europe ETF 1.4 6 50 6.2 +0.5
SPEU SPDR Portfolio Europe ETF 1.4 7 49 6.2 +0.5
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 1.4 12 44 5.1 -0.6
VYMI Vanguard International High Dividend Yield ETF 1.4 17 39 7.8 +2.2
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 1.4 14 42 5.4 -0.3
BBEU JPMorgan BetaBuilders Europe ETF 1.4 9 47 6.1 +0.4
IVLU iShares MSCI Intl Value Factor ETF 1.3 30 26 8.4 +2.7
FPXE First Trust IPOX Europe Equity Opportunities ETF 1.3 70 -14 3.2 -2.5
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 1.3 9 47 8.1 +2.4
IEV iShares Europe ETF 1.3 67 -11 5.6 -0.1
AVIV Avantis International Large Cap Value ETF 1.3 25 31 7.1 +1.5
DBEU Xtrackers MSCI Europe Hedged Equity ETF 1.3 46 10 5.9 +0.2
NXTG First Trust Indxx NextG ETF 1.3 70 -14 4.2 -1.5
FLEE Franklin FTSE Europe ETF 1.3 9 47 6.1 +0.4
BLES Inspire Global Hope ETF 1.3 61 -5 5.9 +0.3
EFAD ProShares MSCI EAFE Dividend Growers ETF 1.3 50 6 5.3 -0.3
ETEC iShares Breakthrough Environmental Solutions ETF 1.2 47 9 3.0 -2.7
RODM Hartford Multifactor Developed Markets (ex-US) ETF 1.2 29 27 6.7 +1.0
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 1.2 46 10 7.6 +1.9
FEZ SPDR EURO STOXX 50 ETF 1.2 29 27 5.5 -0.2
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 1.2 45 11 7.2 +1.5
DFE WisdomTree Europe SmallCap Dividend Fund 1.2 58 -2 6.9 +1.2
CLNR IQ Cleaner Transport ETF 1.2 45 11 4.9 -0.8
EFA iShares MSCI EAFE ETF 1.1 35 21 5.6 -0.1
DFAI Dimensional International Core Equity Market ETF 1.1 18 38 5.9 +0.2
IQLT iShares MSCI Intl Quality Factor ETF 1.1 30 26 5.2 -0.5
DTAN Sparkline International Intangible Value ETF 1.1 55 1 7.3 +1.6
SCHC Schwab International Small-Cap Equity ETF 1.1 11 45 6.4 +0.7
IEFA iShares Core MSCI EAFE ETF 1.1 7 49 5.9 +0.3
PPIE Putnam PanAgora ESG International Equity ETF 1.1 49 7 6.7 +1.1
BOTZ Global X Robotics & Artificial Intelligence ETF 1.1 69 -13 1.7 -4.0
FNDF Schwab Fundamental International Large Co. Index ETF 1.1 25 31 7.8 +2.1
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 1.1 39 17 5.6 -0.1
FNDC Schwab Fundamental International Small Co. Index ETF 1.1 39 17 5.0 -0.6
IMFL Invesco International Developed Dynamic Multifactor ETF 1.1 34 22 4.8 -0.9
VIDI Vident International Equity Strategy ETF 1.0 61 -5 8.7 +3.0
IQSI IQ Candriam International Equity ETF 1.0 15 41 5.5 -0.2
GSIE Goldman Sachs ActiveBeta International Equity ETF 1.0 25 31 6.1 +0.4
KNO AXS Knowledge Leaders ETF 1.0 78 -22 4.8 -0.8
DIVI Franklin International Core Dividend Tilt Index ETF 1.0 9 47 6.7 +1.0
IDEV iShares Core MSCI International Developed Markets ETF 1.0 4 52 5.9 +0.2
FIVA Fidelity International Value Factor ETF 1.0 18 38 7.7 +2.0
FGD First Trust Dow Jones Global Select Dividend Index Fund 1.0 56 0 9.6 +3.9
TRFK Pacer Data and Digital Revolution ETF 1.0 60 -4 2.6 -3.1
SCZ iShares MSCI EAFE Small-Cap ETF 0.9 40 16 6.0 +0.3
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.9 30 26 6.3 +0.7
CGV Conductor Global Equity Value ETF 0.9 130 -74 6.4 +0.7
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.9 20 36 5.4 -0.3
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 0.9 20 36 5.3 -0.3
VEA Vanguard FTSE Developed Markets ETF 0.9 3 53 5.9 +0.2
JHMD John Hancock Multifactor Developed International ETF 0.9 39 17 6.3 +0.6
SCHF Schwab International Equity ETF 0.9 6 50 6.0 +0.3
SLX VanEck Steel ETF 0.9 56 0 11.0 +5.3
IMTM iShares MSCI Intl Momentum Factor ETF 0.9 30 26 4.6 -1.1
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.9 40 16 6.3 +0.7
DWM WisdomTree International Equity Fund 0.8 48 8 6.2 +0.5
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.8 36 20 5.8 +0.1
EUDG WisdomTree Europe Quality Dividend Growth Fund 0.8 58 -2 5.6 -0.0
GSID Goldman Sachs MarketBeta International Equity ETF 0.8 20 36 5.7 +0.0
ISCF iShares International SmallCap Equity Factor ETF 0.8 23 33 7.1 +1.4
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.8 35 21 5.6 -0.1
MXI iShares Global Materials ETF 0.8 41 15 5.8 +0.1
AVDE Avantis International Equity ETF 0.8 23 33 6.1 +0.4
RFDI First Trust Riverfront Dynamic Developed International ETF 0.8 83 -27 7.6 +2.0
FEP First Trust Europe AlphaDEX Fund 0.8 80 -24 6.5 +0.9
HFXI IQ FTSE International Equity Currency Neutral ETF 0.8 20 36 5.8 +0.2
DIHP Dimensional International High Profitability ETF 0.8 29 27 5.7 -0.0
HAP VanEck Natural Resources ETF 0.8 50 6 7.1 +1.4
AVSD Avantis Responsible International Equity ETF 0.8 23 33 4.5 -1.2
JPIN J.P. Morgan Diversified Return International Equity ETF 0.7 37 19 7.0 +1.3
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.7 8 48 6.2 +0.5
IQDG WisdomTree International Quality Dividend Growth Fund 0.7 42 14 5.9 +0.2
BKIE BNY Mellon International Equity ETF 0.7 4 52 5.9 +0.2
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 0.7 58 -2 5.9 +0.3
SPDW SPDR Portfolio Developed World ex-US ETF 0.7 3 53 5.8 +0.1
STXI Strive International Developed Markets ETF 0.7 29 27 5.5 -0.2
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 0.7 65 -9 1.7 -4.0
ACWX iShares MSCI ACWI ex U.S. ETF 0.7 34 22 6.3 +0.6
NUDM Nuveen ESG International Developed Markets Equity ETF 0.7 31 25 5.6 -0.1
AVDS Avantis International Small Cap Equity ETF 0.7 30 26 5.6 -0.0
TTAI FCF International Quality ETF 0.7 59 -3 6.5 +0.8
IXUS iShares Core MSCI Total International Stock ETF 0.7 7 49 6.5 +0.8
VXUS Vanguard Total International Stock ETF 0.7 5 51 6.6 +0.9
DFIV Dimensional International Value ETF 0.7 27 29 7.7 +2.0
EXI iShares Global Industrials ETF 0.6 42 14 3.6 -2.1
CWI SPDR MSCI ACWI ex-US ETF 0.6 30 26 6.3 +0.6
VSGX Vanguard ESG International Stock ETF 0.6 10 46 6.5 +0.8
AIS VistaShares Artificial Intelligence Supercycle ETF 0.6 75 -19 1.8 -3.9
DTH WisdomTree International High Dividend Fund 0.6 58 -2 7.1 +1.4
DWX SPDR S&P International Dividend ETF 0.6 45 11 6.6 +0.9
DGT State Street SPDR Global Dow ETF 0.6 50 6 5.8 +0.1
FDEV Fidelity International Multifactor ETF 0.6 18 38 6.4 +0.7
ICOW Pacer Developed Markets International Cash Cows 100 ETF 0.6 65 -9 9.3 +3.7
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.6 49 7 5.9 +0.2
EFG iShares MSCI EAFE Growth ETF 0.6 36 20 3.6 -2.1
FOWF Pacer Solactive Whitney Fututre of Warfare ETF 0.6 60 -4 3.2 -2.5
ICPY Tweedy, Browne International Insider Value ETF 0.6 80 -24 9.7 +4.0
AVDV Avantis International Small Cap Value ETF 0.6 36 20 7.3 +1.6
KNCT Invesco Next Gen Connectivity ETF 0.5 40 16 3.8 -1.9
CCNR ALPS CoreCommodity Natural Resources ETF 0.5 39 17 6.7 +1.1
QWLD SPDR MSCI World StrategicFactors ETF 0.5 30 26 5.1 -0.6
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.5 41 15 6.3 +0.7
VEU Vanguard FTSE All-World ex-US Index Fund 0.5 4 52 6.6 +1.0
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.5 18 38 6.3 +0.6
GWX SPDR S&P International Small Cap ETF 0.5 40 16 5.6 -0.1
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.5 12 44 4.3 -1.4
RCGE RockCreek Global Equality ETF 0.5 95 -39 6.0 +0.3
PATN Pacer Nasdaq International Patent Leaders ETF 0.5 65 -9 4.4 -1.3
CGW Invesco S&P Global Water Index ETF 0.5 57 -1 4.2 -1.5
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.5 39 17 6.6 +0.9
RWX SPDR Dow Jones International Real Estate ETF 0.5 59 -3 6.3 +0.6
JXI iShares Global Utilities ETF 0.5 43 13 5.2 -0.5
COPY Tweedy, Browne Insider + Value ETF 0.4 80 -24 10.0 +4.3
JSTC Adasina Social Justice All Cap Global ETF 0.4 89 -33 4.2 -1.5
DOL WisdomTree International LargeCap Dividend Fund 0.4 48 8 5.9 +0.2
ACWV iShares MSCI Global Min Vol Factor ETF 0.4 20 36 5.3 -0.4
DLS WisdomTree International SmallCap Dividend Fund 0.4 58 -2 7.0 +1.3
IPAV Global X Infrastructure Development ex-U.S. ETF 0.4 55 1 5.6 -0.1
FEOE First Eagle Overseas Equity ETF 0.4 79 -23 5.7 +0.0
BULD Pacer BlueStar Engineering the Future ETF 0.3 60 -4 0.2 -5.4
AIQ Global X Artificial Intelligence & Technology ETF 0.3 68 -12 2.9 -2.8
TOK iShares MSCI Kokusai ETF 0.3 26 30 4.3 -1.4
GLOF iShares Global Equity Factor ETF 0.3 20 36 5.8 +0.1
IXC iShares Global Energy ETF 0.3 44 12 8.5 +2.8
URTH iShares MSCI World ETF 0.3 24 32 4.4 -1.3
IFGL iShares International Developed Real Estate ETF 0.3 48 8 6.3 +0.6
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.3 9 47 4.8 -0.9
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.3 10 46 6.2 +0.5
FDT First Trust Developed Markets ex-US AlphaDEX Fund 0.3 80 -24 6.8 +1.2
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.3 25 31 5.4 -0.3
ESGG FlexShares STOXX Global ESG Select Index Fund 0.3 42 14 4.6 -1.1
ACWI iShares MSCI ACWI ETF 0.2 32 24 4.7 -1.0
VT Vanguard Total World Stock ETF 0.2 6 50 5.0 -0.7
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.2 12 44 7.7 +2.1
KOKU Xtrackers MSCI Kokusai Equity ETF 0.2 9 47 4.5 -1.1
GEW Cambria Global EW ETF 0.2 29 27 5.3 -0.4
WRND IQ Global Equity R&D Leaders ETF 0.2 18 38 6.5 +0.8
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.2 42 14 5.5 -0.2
IXG iShares Global Financials ETF 0.2 42 14 5.9 +0.2
IGRO iShares International Dividend Growth ETF 0.2 15 41 6.1 +0.5
SHPP Pacer Industrials and Logistics ETF 0.2 60 -4 7.5 +1.8
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.2 20 36 4.7 -1.0
IXN iShares Global Tech ETF 0.2 41 15 2.8 -2.9
KXI iShares Global Consumer Staples ETF 0.2 41 15 5.1 -0.6
ERET iShares Environmentally Aware Real Estate ETF 0.1 30 26 6.9 +1.2
PICK iShares MSCI Global Metals & Mining Producers ETF 0.1 39 17 7.9 +2.2
RWO SPDR Dow Jones Global Real Estate ETF 0.1 50 6 6.6 +0.9
IXP iShares Global Comm Services ETF 0.1 42 14 5.1 -0.6
DEW WisdomTree Global High Dividend Fund 0.1 58 -2 7.3 +1.7
JIRE JPMorgan International Research Enhanced Equity ETF 0.1 24 32 6.1 +0.4
FIDI Fidelity International High Dividend ETF 0.1 18 38 7.2 +1.5
VIGI Vanguard International Dividend Appreciation ETF 0.1 10 46 5.7 +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:

NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 12.0 %
Divided by: Fwd. P/BV 1.9 x
Less: Expense ratio 56 bp
Equals: ALTAR Score 5.7 %
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.