iShares MSCI Finland ETF
ALTAR
Score™		 7.2% info Recommen-
dation		 NEUTRAL
2025E    2026E
P/E
ratio		 14.4x P/Sales
ratio		 1.3x
P/BV
ratio		 1.6x Div.
yield		 5.9%


  • 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) $24
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) $19,678
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 18.7 %
NOKIA OYJ 11.1 %
SAMPO OYJ CLASS A 10.2 %
KONE OYJ-B 7.6 %
WARTSILA OYJ 4.2 %
FORTUM OYJ 3.7 %
ELISA OYJ CLASS A 3.7 %
UPM-KYMMENE OYJ 3.6 %
METSO CORPORATION 3.5 %
ORION OYJ CLASS B 3.4 %
Total 69.6 %

TOP COUNTRY EXPOSURE
FINLAND 92.8 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru April 30)
Year-to-date 1 year 5 years 10 years Since Incep.
19.3% 13.0% 7.1% 5.1% 6.5%

Market Correlations
versus... Beta R-squared
S&P500 0.67 36%
MSCI EAFE 0.94 74%
MSCI Emg. Mkts. 0.77 50%

Technical Indicators
Recent close $40.09
30d moving avg. $36.99
Annualized volatility 18.4%
Short interest (ETF) 0.0%
Relative strength (RSI) 61

Liquidity measures
Avg. volume (thou.) 8
Turnover 1.3%
Bid/Ask (% of price) 0.52%
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™: 7.2%


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 9.6 50 6 12.6 +5.4
CUT Invesco MSCI Global Timber ETF 8.6 61 -5 10.1 +2.8
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 7.9 58 -2 8.7 +1.4
WOOD iShares Global Timber & Forestry ETF 6.3 42 14 11.8 +4.6
HEDJ WisdomTree Europe Hedged Equity Fund 5.3 58 -2 6.4 -0.8
BOTT Themes Robotics & Automation ETF 4.6 35 21 5.1 -2.1
GNR SPDR S&P Global Natural Resources ETF 4.2 40 16 11.7 +4.5
FICS First Trust International Developed Capital Strength ETF 4.0 70 -14 6.1 -1.1
AZTD Aztlan Global Stock Selection DM SMID ETF 3.8 75 -19 8.0 +0.8
RFEU First Trust Riverfront Dynamic Europe ETF 3.8 83 -27 10.6 +3.3
VCLN Virtus Duff & Phelps Clean Energy ETF 3.7 59 -3 5.8 -1.4
NLR VanEck Uranium+Nuclear Energy ETF 3.7 61 -5 2.8 -4.5
FPXE First Trust IPOX Europe Equity Opportunities ETF 3.5 70 -14 4.9 -2.3
RNWZ TrueShares Eagle Global Renewable Energy Income ETF 3.4 75 -19 8.1 +0.9
EFAV iShares MSCI EAFE Min Vol Factor ETF 3.3 22 34 5.8 -1.5
SCHY Schwab International Dividend Equity ETF 3.3 14 42 9.7 +2.5
OEUR ALPS O'Shares Europe Quality Dividend ETF 3.2 48 8 5.9 -1.3
IDAT iShares Future Cloud 5G and Tech ETF 3.1 47 9 5.0 -2.2
EFAS Global X MSCI SuperDividend EAFE ETF 3.1 57 -1 8.4 +1.1
FID First Trust S&P International Dividend Aristocrats ETF 3.1 60 -4 8.5 +1.3
BKCI BNY Mellon Concentrated International ETF 3.0 80 -24 5.1 -2.2
EZU iShares MSCI Eurozone ETF 2.9 52 4 6.8 -0.5
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 2.6 60 -4 12.3 +5.0
EUFN iShares MSCI Europe Financials ETF 2.6 51 5 8.3 +1.1
DFIS Dimensional International Small Cap ETF 2.5 39 17 7.8 +0.5
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 2.5 45 11 6.7 -0.5
DIM WisdomTree International MidCap Dividend Fund 2.4 58 -2 7.8 +0.5
WDIV SPDR S&P Global Dividend ETF 2.4 40 16 9.7 +2.5
CRAK VanEck Oil Refiners ETF 2.3 61 -5 15.9 +8.6
DISV Dimensional International Small Cap Value ETF 2.2 42 14 9.8 +2.6
IEUS iShares MSCI Europe Small-Cap ETF 2.2 42 14 7.4 +0.2
INEQ Columbia International Equity Income ETF 2.1 45 11 8.7 +1.5
ICOW Pacer Developed Markets International Cash Cows 100 ETF 2.1 65 -9 12.1 +4.8
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 2.1 32 24 6.0 -1.3
EUDV ProShares MSCI Europe Dividend Growers ETF 2.1 55 1 5.8 -1.4
WWJD Inspire International ETF 2.1 80 -24 7.4 +0.1
JHID John Hancock International High Dividend ETF 2.0 46 10 11.0 +3.8
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 2.0 9 47 9.3 +2.1
QINT American Century Quality Diversified International ETF 1.9 39 17 7.6 +0.3
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 1.8 65 -9 3.7 -3.5
DFSI Dimensional International Sustainability Core 1 ETF 1.8 24 32 6.6 -0.6
FEZ SPDR EURO STOXX 50 ETF 1.7 29 27 7.1 -0.1
QEFA SPDR MSCI EAFE StrategicFactors ETF 1.7 30 26 7.1 -0.1
EFV iShares MSCI EAFE Value ETF 1.7 34 22 9.4 +2.2
DMXF iShares ESG Advanced MSCI EAFE ETF 1.7 12 44 5.5 -1.7
DFE WisdomTree Europe SmallCap Dividend Fund 1.7 58 -2 8.2 +0.9
IQDF FlexShares International Quality Dividend Index Fund 1.7 47 9 9.3 +2.1
INTF iShares International Equity Factor ETF 1.7 15 41 7.9 +0.7
FEUZ First Trust Eurozone AlphaDEX ETF 1.7 80 -24 9.6 +2.4
VWID Virtus WMC International Dividend ETF 1.7 49 7 8.9 +1.6
IEUR iShares Core MSCI Europe ETF 1.6 11 45 7.4 +0.2
FENI Fidelity Enhanced International ETF 1.6 28 28 6.9 -0.4
OCEN IQ Clean Oceans ETF 1.5 45 11 6.6 -0.7
ESGD iShares ESG Aware MSCI EAFE ETF 1.5 20 36 7.0 -0.2
DFIC Dimensional International Core Equity 2 ETF 1.5 23 33 7.8 +0.6
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 1.5 12 44 6.3 -1.0
ETEC iShares Breakthrough Environmental Solutions ETF 1.5 47 9 3.7 -3.5
IDLV Invesco S&P International Developed Low Volatility ETF 1.5 25 31 6.6 -0.7
NXTG First Trust Indxx NextG ETF 1.5 70 -14 5.6 -1.7
EV Mast Global Battery Recycling & Production ETF 1.5 65 -9 10.8 +3.5
IDV iShares International Select Dividend ETF 1.5 51 5 12.0 +4.8
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.4 47 9 8.6 +1.3
EUDG WisdomTree Europe Quality Dividend Growth Fund 1.4 58 -2 6.8 -0.5
DLS WisdomTree International SmallCap Dividend Fund 1.4 58 -2 8.8 +1.5
IDHQ Invesco S&P International Developed High Quality ETF 1.4 29 27 6.7 -0.6
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 1.4 14 42 6.4 -0.8
SPEU SPDR Portfolio Europe ETF 1.3 7 49 7.4 +0.2
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 1.3 24 32 7.7 +0.5
DTAN Sparkline International Intangible Value ETF 1.3 55 1 8.4 +1.2
DTH WisdomTree International High Dividend Fund 1.3 58 -2 9.1 +1.8
VGK Vanguard FTSE Europe ETF 1.3 11 45 7.4 +0.2
VYMI Vanguard International High Dividend Yield ETF 1.3 22 34 9.9 +2.7
CIL VictoryShares International Volatility Wtd ETF 1.3 45 11 6.8 -0.4
PPIE Putnam PanAgora ESG International Equity ETF 1.3 49 7 7.6 +0.4
IMFL Invesco International Developed Dynamic Multifactor ETF 1.3 34 22 6.0 -1.2
TPIF Timothy Plan International ETF 1.3 62 -6 6.4 -0.8
RODM Hartford Multifactor Developed Markets (ex-US) ETF 1.3 29 27 8.1 +0.8
KNO AXS Knowledge Leaders ETF 1.2 78 -22 6.1 -1.2
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 1.2 45 11 9.2 +2.0
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 1.2 46 10 10.6 +3.4
IEV iShares Europe ETF 1.2 67 -11 6.9 -0.3
EFAD ProShares MSCI EAFE Dividend Growers ETF 1.2 50 6 5.9 -1.4
BBEU JPMorgan BetaBuilders Europe ETF 1.2 9 47 7.2 -0.1
BOTZ Global X Robotics & Artificial Intelligence ETF 1.2 69 -13 2.5 -4.8
FNDC Schwab Fundamental International Small Co. Index ETF 1.2 39 17 6.2 -1.1
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 1.2 25 31 7.4 +0.1
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 1.2 39 17 6.9 -0.3
IVLU iShares MSCI Intl Value Factor ETF 1.2 30 26 11.0 +3.8
VIDI Vident International Equity Strategy ETF 1.2 61 -5 11.3 +4.1
DBEU Xtrackers MSCI Europe Hedged Equity ETF 1.2 46 10 6.6 -0.6
FLEE Franklin FTSE Europe ETF 1.1 9 47 7.3 +0.0
WBAT WisdomTree Battery Value Chain and Innovation Fund 1.1 45 11 4.4 -2.8
TRFK Pacer Data and Digital Revolution ETF 1.1 60 -4 3.5 -3.8
SCHC Schwab International Small-Cap Equity ETF 1.1 11 45 7.1 -0.2
DFAI Dimensional International Core Equity Market ETF 1.1 18 38 7.5 +0.2
IQLT iShares MSCI Intl Quality Factor ETF 1.1 30 26 6.3 -1.0
BLES Inspire Global Hope ETF 1.1 61 -5 6.9 -0.4
EFA iShares MSCI EAFE ETF 1.0 35 21 7.0 -0.3
IEFA iShares Core MSCI EAFE ETF 1.0 7 49 7.3 +0.1
DWM WisdomTree International Equity Fund 1.0 48 8 7.7 +0.4
FNDF Schwab Fundamental International Large Co. Index ETF 1.0 25 31 10.0 +2.7
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 1.0 40 16 7.7 +0.5
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 1.0 58 -2 6.8 -0.4
SCZ iShares MSCI EAFE Small-Cap ETF 1.0 40 16 7.4 +0.1
IQSI IQ Candriam International Equity ETF 1.0 15 41 6.7 -0.5
MNTL Tema Neuroscience and Mental Health ETF 0.9 75 -19 -0.9 -8.2
IQDG WisdomTree International Quality Dividend Growth Fund 0.9 42 14 7.1 -0.2
IDEV iShares Core MSCI International Developed Markets ETF 0.9 4 52 7.3 +0.0
JHMD John Hancock Multifactor Developed International ETF 0.9 39 17 7.8 +0.5
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.9 30 26 8.4 +1.2
HAP VanEck Natural Resources ETF 0.9 50 6 10.1 +2.9
DIHP Dimensional International High Profitability ETF 0.9 29 27 7.3 +0.1
FGD First Trust Dow Jones Global Select Dividend Index Fund 0.9 56 0 12.3 +5.1
VEA Vanguard FTSE Developed Markets ETF 0.9 5 51 7.5 +0.3
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 0.9 65 -9 3.2 -4.0
SCHF Schwab International Equity ETF 0.9 6 50 7.6 +0.3
IBOT Vaneck Robotics ETF 0.9 47 9 4.7 -2.5
MXI iShares Global Materials ETF 0.9 41 15 8.0 +0.7
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 0.8 20 36 6.5 -0.7
RFDI First Trust Riverfront Dynamic Developed International ETF 0.8 83 -27 9.8 +2.6
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.8 25 31 7.4 +0.1
DIVI Franklin International Core Dividend Tilt Index ETF 0.8 9 47 8.2 +1.0
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.8 7 49 7.1 -0.2
AVDV Avantis International Small Cap Value ETF 0.8 36 20 10.6 +3.3
JPIN J.P. Morgan Diversified Return International Equity ETF 0.8 37 19 8.8 +1.6
AVIV Avantis International Large Cap Value ETF 0.8 25 31 9.1 +1.9
GSID Goldman Sachs MarketBeta International Equity ETF 0.8 20 36 7.2 -0.1
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.7 36 20 6.7 -0.6
TEMP JPMorgan Climate Change Solutions ETF 0.7 49 7 5.9 -1.4
KNCT Invesco Next Gen Connectivity ETF 0.7 40 16 5.2 -2.1
VSGX Vanguard ESG International Stock ETF 0.7 12 44 8.0 +0.8
ISCF iShares International SmallCap Equity Factor ETF 0.7 23 33 8.7 +1.5
DGT SPDR Global Dow ETF 0.7 50 6 7.5 +0.2
AVSD Avantis Responsible International Equity ETF 0.7 23 33 5.9 -1.4
DFIV Dimensional International Value ETF 0.7 27 29 10.2 +3.0
JSTC Adasina Social Justice All Cap Global ETF 0.7 89 -33 4.5 -2.8
TTAI FCF International Quality ETF 0.7 59 -3 7.1 -0.1
BKIE BNY Mellon International Equity ETF 0.7 4 52 7.3 +0.0
AVDE Avantis International Equity ETF 0.7 23 33 7.9 +0.6
FOWF Pacer Solactive Whitney Fututre of Warfare ETF 0.7 60 -4 3.8 -3.5
VXUS Vanguard Total International Stock ETF 0.7 7 49 8.2 +1.0
SPDW SPDR Portfolio Developed World ex-US ETF 0.7 3 53 7.4 +0.1
IXUS iShares Core MSCI Total International Stock ETF 0.6 7 49 8.2 +0.9
ACWX iShares MSCI ACWI ex U.S. ETF 0.6 34 22 8.0 +0.7
HFXI IQ FTSE International Equity Currency Neutral ETF 0.6 20 36 7.3 +0.0
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.6 12 44 5.3 -1.9
FEP First Trust Europe AlphaDEX Fund 0.6 80 -24 9.6 +2.4
WRND IQ Global Equity R&D Leaders ETF 0.6 18 38 8.9 +1.6
GCOW Pacer Global Cash Cows Dividend ETF 0.6 60 -4 11.1 +3.9
DOL WisdomTree International LargeCap Dividend Fund 0.6 48 8 7.5 +0.2
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.6 35 21 6.8 -0.4
STXI Strive International Developed Markets ETF 0.6 29 27 7.1 -0.1
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.6 39 17 8.6 +1.3
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.6 49 7 7.4 +0.2
CCNR ALPS CoreCommodity Natural Resources ETF 0.6 39 17 12.1 +4.8
IMTM iShares MSCI Intl Momentum Factor ETF 0.5 30 26 5.5 -1.8
EXI iShares Global Industrials ETF 0.5 42 14 4.6 -2.6
CGW Invesco S&P Global Water Index ETF 0.5 57 -1 4.7 -2.6
CLNR IQ Cleaner Transport ETF 0.5 45 11 6.9 -0.4
COPY Tweedy, Browne Insider + Value ETF 0.5 80 -24 12.6 +5.3
RCGE RockCreek Global Equality ETF 0.5 95 -39 6.4 -0.8
RWX SPDR Dow Jones International Real Estate ETF 0.5 59 -3 7.1 -0.1
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.5 20 36 6.7 -0.5
VEU Vanguard FTSE All-World ex-US Index Fund 0.5 8 48 8.4 +1.1
QWLD SPDR MSCI World StrategicFactors ETF 0.5 30 26 6.2 -1.1
PATN Pacer Nasdaq International Patent Leaders ETF 0.5 65 -9 6.6 -0.6
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.5 41 15 7.7 +0.5
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.5 18 38 8.0 +0.8
CWI SPDR MSCI ACWI ex-US ETF 0.5 30 26 8.0 +0.7
FDEV Fidelity International Multifactor ETF 0.4 18 38 7.7 +0.4
DWX SPDR S&P International Dividend ETF 0.4 45 11 6.2 -1.0
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 0.4 80 -24 5.1 -2.2
JXI iShares Global Utilities ETF 0.4 43 13 5.9 -1.3
GWX SPDR S&P International Small Cap ETF 0.4 40 16 6.7 -0.5
NUDM Nuveen ESG International Developed Markets Equity ETF 0.4 31 25 6.5 -0.7
IFGL iShares International Developed Real Estate ETF 0.3 48 8 7.3 +0.1
RODE Hartford Multifactor Diversified International ETF 0.3 29 27 11.0 +3.8
ACWV iShares MSCI Global Min Vol Factor ETF 0.3 20 36 5.8 -1.4
AIQ Global X Artificial Intelligence & Technology ETF 0.3 68 -12 4.2 -3.1
EFG iShares MSCI EAFE Growth ETF 0.3 36 20 4.4 -2.8
TOK iShares MSCI Kokusai ETF 0.3 26 30 5.3 -2.0
ESGG FlexShares STOXX Global ESG Select Index Fund 0.3 42 14 5.6 -1.6
URTH iShares MSCI World ETF 0.3 24 32 5.4 -1.9
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.3 12 44 8.3 +1.1
BULD Pacer BlueStar Engineering the Future ETF 0.3 60 -4 1.6 -5.7
GLOF iShares Global Equity Factor ETF 0.3 20 36 6.9 -0.4
VT Vanguard Total World Stock ETF 0.2 7 49 6.2 -1.1
GQRE FlexShares Global Quality Real Estate Index Fund 0.2 45 11 7.8 +0.5
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.2 10 46 8.4 +1.1
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.2 9 47 6.1 -1.2
IGRO iShares International Dividend Growth ETF 0.2 15 41 7.3 +0.1
ACWI iShares MSCI ACWI ETF 0.2 32 24 5.8 -1.4
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.2 25 31 6.0 -1.2
IXG iShares Global Financials ETF 0.2 42 14 6.8 -0.4
FDT First Trust Developed Markets ex-US AlphaDEX Fund 0.2 80 -24 10.5 +3.3
KOKU Xtrackers MSCI Kokusai Equity ETF 0.2 9 47 5.4 -1.9
IPKW Invesco International BuyBack Achievers ETF 0.2 55 1 14.5 +7.3
IXP iShares Global Comm Services ETF 0.2 42 14 6.3 -1.0
IXN iShares Global Tech ETF 0.2 41 15 4.1 -3.1
FILL iShares MSCI Global Energy Producers ETF 0.2 39 17 12.3 +5.0
IXC iShares Global Energy ETF 0.2 44 12 10.7 +3.4
SHPP Pacer Industrials and Logistics ETF 0.2 60 -4 8.3 +1.1
KXI iShares Global Consumer Staples ETF 0.2 41 15 5.4 -1.8
ERET iShares Environmentally Aware Real Estate ETF 0.2 30 26 7.5 +0.2
RWO SPDR Dow Jones Global Real Estate ETF 0.2 50 6 7.0 -0.3
PICK iShares MSCI Global Metals & Mining Producers ETF 0.1 39 17 14.0 +6.8
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.1 20 36 5.9 -1.3
FIDI Fidelity International High Dividend ETF 0.1 18 38 9.2 +1.9
JIRE JPMorgan International Research Enhanced Equity ETF 0.1 24 32 7.4 +0.1
VIGI Vanguard International Dividend Appreciation ETF 0.1 15 41 6.2 -1.0
DEW WisdomTree Global High Dividend Fund 0.1 58 -2 8.8 +1.6

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 12.2 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 56 bp
Equals: ALTAR Score 7.2 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.66 CATEGORY
AVERAGE		 1.61
 
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.