iShares MSCI Thailand ETF
ALTAR
Score™		 5.9% info Recommen-
dation		 UNDERWEIGHT
2024E    2025E
P/E
ratio		 14.3x P/Sales
ratio		 0.8x
P/BV
ratio		 1.4x Div.
yield		 3.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
iShares MSCI Thailand Investable Market Index Fund seeks investment results that correspond to the performance of the MSCI Thailand Investable Market Index.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Barclays Global Fund Advisors
Website www.ishares.com
Inception date Mar 26, 2008
Assets (mns) $199
Currency USD
Expense ratio 58 bp
Distributions Semi-Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 110
Wgt avg mkt cap (mns) $13,595
Large cap (>$10bn) 50.3%
Mid cap ($2-10bn) 28.6%
Small cap (<$2bn) 16.8%
Developed mkts 0.0%
Emerging mkts 100.0%

TOP TEN HOLDINGS
DELTA ELECTRONICS THAI-NVDR 8.3 %
CP ALL PCL-NVDR 6.7 %
ADVANCED INFO SERVICE PUBLIC CO., 6.3 %
PTT PCL-NVDR 6.2 %
BANGKOK DUSIT MED SERVI-NVDR 5.4 %
AIRPORTS OF THAILAND PC-NVDR 4.8 %
GULF ENERGY DEVELOPMENT PUBLIC COM 3.5 %
PTT EXPLOR & PROD PCL-NVDR 3.3 %
BUMRUNGRAD HOSPITAL PU-NVDR 3.1 %
SIAM CEMENT PCL-NVDR 2.8 %
Total 50.5 %

TOP COUNTRY EXPOSURE
THAILAND 91.2 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
7.0% 15.4% -2.7% 0.5% 4.5%

Market Correlations
versus... Beta R-squared
S&P500 0.52 22%
MSCI EAFE 0.72 43%
MSCI Emg. Mkts. 0.83 56%

Technical Indicators
Recent close $63.23
30d moving avg. $67.86
Annualized volatility 19.5%
Short interest (ETF) 3.0%
Relative strength (RSI) 55

Liquidity measures
Avg. volume (thou.) 56
Turnover 1.8%
Bid/Ask (% of price) 0.13%
ADV underlying (mns) $634

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 105 potential alternatives to the iShares MSCI Thailand ETF ETF based on the alternatives' overlap in portfolio holdings with THD. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: THD Expense: 58 bp ALTAR Score™: 5.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH THD
Ticker Fund
Name		 Overlap1
vs THD
(%)		 Expense
ratio
(bp)		 Savings
vs THD
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs THD
(%)
ASEA Global X FTSE Southeast Asia ETF 17.8 65 -7 6.3 +0.4
EELV Invesco S&P Emerging Markets Low Volatility ETF 9.6 29 29 8.7 +2.8
EDIV SPDR S&P Emerging Markets Dividend ETF 7.1 49 9 11.9 +6.0
EMIF iShares Emerging Markets Infrastructure ETF 4.8 60 -2 8.7 +2.9
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 4.5 25 33 6.4 +0.5
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 3.4 90 -32 5.9 -0.0
EEMD AAM S&P Emerging Markets High Dividend Value ETF 3.2 49 9 16.4 +10.5
PXH Invesco FTSE RAFI Emerging Markets ETF 2.7 49 9 12.0 +6.1
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 2.6 58 0 10.0 +4.1
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 2.5 39 19 12.3 +6.4
EEMS iShares MSCI Emerging Markets Small Cap ETF 2.5 70 -12 7.4 +1.5
LDEM iShares ESG MSCI EM Leaders ETF 2.5 17 41 7.3 +1.4
DVYE iShares Emerging Markets Dividend ETF 2.4 49 9 18.6 +12.7
EMXF iShares ESG Advanced MSCI EM ETF 2.2 16 42 6.7 +0.8
XCNY SPDR S&P Emerging Markets ex-China ETF 2.2 15 43 6.1 +0.2
ESGE iShares ESG Aware MSCI EM ETF 2.1 25 33 6.9 +1.0
EWX SPDR S&P Emerging Markets Small Cap ETF 2.1 65 -7 7.9 +2.0
EQLT iShares MSCI Emerging Markets Quality Factor ETF 1.9 35 23 7.2 +1.3
EMXC iShares MSCI Emerging Markets ex China ETF 1.8 25 33 6.5 +0.6
SCHE Schwab Emerging Markets Equity ETF 1.8 11 47 6.9 +1.0
CRAK VanEck Oil Refiners ETF 1.7 61 -3 14.5 +8.6
EEMA iShares MSCI Emerging Markets Asia ETF 1.7 49 9 6.4 +0.5
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 1.6 95 -37 10.1 +4.2
AAXJ iShares MSCI All Country Asia ex Japan ETF 1.6 70 -12 6.0 +0.1
IEMG iShares Core MSCI Emerging Markets ETF 1.5 9 49 7.3 +1.4
DFAE Dimensional Emerging Core Equity Market ETF 1.4 35 23 7.1 +1.2
EEM iShares MSCI Emerging Markets ETF 1.3 69 -11 6.7 +0.8
DWX SPDR S&P International Dividend ETF 1.3 45 13 6.3 +0.5
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 1.2 10 48 7.4 +1.6
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 1.1 40 18 8.1 +2.2
DSTX Distillate International Fundamental Stability & Value ETF 1.1 55 3 7.7 +1.9
WWJD Inspire International ETF 1.1 80 -22 7.1 +1.2
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 1.0 30 28 7.2 +1.3
IDX VanEck Indonesia Index ETF 1.0 57 1 8.8 +2.9
CRUZ Defiance Hotel Airline and Cruise ETF 1.0 45 13 -4.4 -10.3
EMC Global X Emerging Markets Great Consumer ETF 1.0 75 -17 4.6 -1.3
MOO VanEck Agribusiness ETF 1.0 53 5 9.4 +3.5
EMGF iShares Emerging Markets Equity Factor ETF 0.9 25 33 8.3 +2.4
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 0.8 32 26 6.6 +0.8
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.8 38 20 7.7 +1.8
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.8 59 -1 11.1 +5.3
ROAM Hartford Multifactor Emerging Markets ETF 0.8 44 14 15.4 +9.5
DFEV Dimensional Emerging Markets Value ETF 0.7 43 15 10.5 +4.6
ECON Columbia Emerging Markets Consumer ETF 0.7 49 9 7.2 +1.3
DEHP Dimensional Emerging Markets High Profitability ETF 0.7 41 17 4.9 -1.0
FEEM FlexShares ESG & Climate Emerging Markets Core Index ETF 0.7 18 40 7.0 +1.1
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.7 35 23 12.3 +6.4
AVEM Avantis Emerging Markets Equity ETF 0.7 33 25 8.7 +2.8
CUT Invesco MSCI Global Timber ETF 0.7 61 -3 8.2 +2.3
SCHY Schwab International Dividend Equity ETF 0.6 14 44 9.1 +3.3
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.6 41 17 7.2 +1.3
EMM Global X Emerging Markets ex-China ETF 0.6 75 -17 4.0 -1.9
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.6 36 22 7.7 +1.8
FLAX Franklin FTSE Asia Ex Japan ETF 0.6 19 39 6.8 +0.9
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.5 15 43 10.2 +4.3
AVES Avantis Emerging Markets Value ETF 0.5 36 22 11.4 +5.5
BKEM BNY Mellon Emerging Markets Equity ETF 0.5 11 47 8.3 +2.4
BLES Inspire Global Hope ETF 0.5 61 -3 6.2 +0.3
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 0.5 20 38 6.7 +0.8
RODE Hartford Multifactor Diversified International ETF 0.5 29 29 11.6 +5.7
RWX SPDR Dow Jones International Real Estate ETF 0.5 59 -1 7.2 +1.4
XC WisdomTree Emerging Markets Ex-China Fund 0.5 32 26 5.8 -0.1
ACWV iShares MSCI Global Min Vol Factor ETF 0.5 20 38 6.2 +0.3
SDIV Global X Superdividend ETF 0.5 58 0 14.7 +8.8
IXUS iShares Core MSCI Total International Stock ETF 0.5 7 51 7.0 +1.1
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.5 47 11 5.3 -0.6
VEGI iShares MSCI Agriculture Producers ETF 0.5 39 19 8.6 +2.8
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.5 32 26 6.1 +0.2
JHEM John Hancock Multifactor Emerging Markets ETF 0.5 49 9 8.0 +2.1
FDEM Fidelity Emerging Markets Multifactor ETF 0.4 25 33 12.3 +6.4
IQDE FlexShares International Quality Dividend Defensive Index ET 0.4 47 11 14.6 +8.7
XCEM Columbia EM Core ex-China ETF 0.4 16 42 7.6 +1.7
ACWX iShares MSCI ACWI ex U.S. ETF 0.4 34 24 6.8 +0.9
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.4 45 13 10.8 +4.9
IWTR iShares MSCI Water Management Multisector ETF 0.4 47 11 4.8 -1.1
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.4 66 -8 9.9 +4.0
FILL iShares MSCI Global Energy Producers ETF 0.4 39 19 9.6 +3.7
DEM WisdomTree Emerging Markets High Dividend Fund 0.4 63 -5 18.7 +12.8
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 0.3 24 34 9.1 +3.2
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.2 30 28 8.0 +2.1
RNRG Global X Renewable Energy Producers ETF 0.2 66 -8 5.3 -0.6
CGW Invesco S&P Global Water Index ETF 0.2 57 1 4.3 -1.6
GMF SPDR S&P Emerging Asia Pacific ETF 0.2 49 9 6.0 +0.1
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.2 20 38 5.0 -0.9
IGRO iShares International Dividend Growth ETF 0.2 15 43 7.4 +1.5
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.2 18 40 6.8 +0.9
RWO SPDR Dow Jones Global Real Estate ETF 0.1 50 8 6.0 +0.1
ACWI iShares MSCI ACWI ETF 0.1 32 26 5.2 -0.7
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.1 12 46 4.7 -1.2
GLOF iShares Global Equity Factor ETF 0.1 20 38 5.9 +0.0
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.1 41 17 7.3 +1.4
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.1 30 28 7.8 +1.9
VWO Vanguard FTSE Emerging Markets ETF 0.1 8 50 6.9 +1.0
IQDF FlexShares International Quality Dividend Index Fund 0.1 47 11 12.6 +6.7
ERTH Invesco MSCI Sustainable Future ETF 0.1 62 -4 3.4 -2.5
VYMI Vanguard International High Dividend Yield ETF 0.0 22 36 9.7 +3.8
CWI SPDR MSCI ACWI ex-US ETF 0.0 30 28 6.8 +0.9
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.0 7 51 6.4 +0.5
VEU Vanguard FTSE All-World ex-US Index Fund 0.0 8 50 7.1 +1.2
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.0 42 16 7.7 +1.8
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 0.0 45 13 5.5 -0.4
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.0 9 49 5.3 -0.6
VT Vanguard Total World Stock ETF 0.0 7 51 5.4 -0.5
VSGX Vanguard ESG International Stock ETF 0.0 12 46 6.6 +0.7
VXUS Vanguard Total International Stock ETF 0.0 7 51 7.1 +1.2

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

  2019 2020 2021 2022 2023 2024E 2025E
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
  2023 2024E 2025E
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 Thailand 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 8.9 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 58 bp
Equals: ALTAR Score 5.9 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.55 CATEGORY
AVERAGE		 1.48
 
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.