iShares MSCI Finland ETF
ALTAR
Score™		 5.5% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 19.1x P/Sales
ratio		 1.8x
P/BV
ratio		 2.0x Div.
yield		 4.6%


  • 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) $55
Currency USD
Expense ratio 56 bp
Distributions Semi-annual

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) $27,878
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
NOKIA OYJ 21.3 %
NORDEA BANK ABP 17.3 %
SAMPO OYJ CLASS A 6.7 %
KONE OYJ-B 4.9 %
NESTE OIL OYJ 4.7 %
METSO CORPORATION 4.0 %
WARTSILA OYJ 4.0 %
UPM-KYMMENE OYJ 3.7 %
FORTUM OYJ 3.5 %
ORION OYJ CLASS B 3.1 %
Total 73.3 %

TOP COUNTRY EXPOSURE
FINLAND 95.3 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
18.8% 45.6% 6.6% 10.0% 9.3%

Market Correlations
versus... Beta R-squared
S&P500 0.88 36%
MSCI EAFE 0.91 62%
MSCI Emg. Mkts. 0.56 42%

Technical Indicators
Recent close $55.15
30d moving avg. $55.43
Annualized volatility 16.0%
Short interest (ETF) 0.4%
Relative strength (RSI) 53

Liquidity measures
Avg. volume (thou.) 19
Turnover 1.9%
Bid/Ask (% of price) 0.19%
ADV underlying (mns) $259

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 212 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™: 5.5%


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
(%)
WOOD iShares Global Timber & Forestry ETF 6.1 42 14 11.7 +6.2
HEDJ WisdomTree Europe Hedged Equity Fund 5.7 58 -2 5.9 +0.5
IDOG ALPS International Sector Dividend Dogs ETF 5.2 50 6 9.2 +3.7
FEUZ First Trust Eurozone AlphaDEX ETF 4.8 80 -24 6.4 +1.0
CRAK VanEck Oil Refiners ETF 4.7 61 -5 9.2 +3.7
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 4.4 58 -2 7.1 +1.6
GNR SPDR S&P Global Natural Resources ETF 4.1 40 16 8.6 +3.1
FICS First Trust International Developed Capital Strength ETF 3.8 70 -14 6.8 +1.3
EZU iShares MSCI Eurozone ETF 3.7 52 4 5.6 +0.1
HEZU iShares Currency Hedged MSCI Eurozone ETF 3.7 53 3 5.5 -0.0
NLR VanEck Uranium+Nuclear Energy ETF 3.5 61 -5 1.7 -3.8
TNUK Tortoise Nuclear Renaissance ETF 3.5 75 -19 0.8 -4.7
RNWZ TrueShares Eagle Global Renewable Energy Income ETF 3.4 75 -19 6.0 +0.6
BKCI BNY Mellon Concentrated International ETF 3.2 80 -24 4.9 -0.6
EFAV iShares MSCI EAFE Min Vol Factor ETF 3.0 22 34 5.8 +0.3
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 3.0 45 11 5.6 +0.1
SCHY Schwab International Dividend Equity ETF 3.0 14 42 8.5 +3.0
OCEN IQ Clean Oceans ETF 2.9 45 11 4.6 -0.9
FID First Trust S&P International Dividend Aristocrats ETF 2.9 60 -4 7.8 +2.3
NUKZ Range Nuclear Renaissance Index ETF 2.8 85 -29 1.3 -4.1
WWJD Inspire International ETF 2.8 80 -24 6.4 +0.9
DIM WisdomTree International MidCap Dividend Fund 2.6 58 -2 6.4 +0.9
EUFN iShares MSCI Europe Financials ETF 2.5 51 5 7.1 +1.7
FEP First Trust Europe AlphaDEX Fund 2.4 80 -24 6.8 +1.3
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 2.3 80 -24 3.6 -1.9
VCLN Virtus Duff & Phelps Clean Energy ETF 2.3 59 -3 2.2 -3.3
WDIV SPDR S&P Global Dividend ETF 2.1 40 16 9.1 +3.6
TPIF Timothy Plan International ETF 2.1 62 -6 5.6 +0.2
DMXF iShares ESG Advanced MSCI EAFE ETF 2.1 12 44 4.9 -0.5
IVLU iShares MSCI Intl Value Factor ETF 2.1 30 26 8.1 +2.6
DWMF WisdomTree International Multifactor Fund 2.1 38 18 7.0 +1.5
IEUS iShares MSCI Europe Small-Cap ETF 2.1 42 14 6.7 +1.2
ESGD iShares ESG Aware MSCI EAFE ETF 2.0 20 36 5.8 +0.3
IEUR iShares Core MSCI Europe ETF 2.0 11 45 6.4 +0.9
DFIS Dimensional International Small Cap ETF 2.0 39 17 6.1 +0.7
EUDV ProShares MSCI Europe Dividend Growers ETF 1.9 55 1 5.7 +0.3
DFSI Dimensional International Sustainability Core 1 ETF 1.9 24 32 5.7 +0.2
EFV iShares MSCI EAFE Value ETF 1.9 34 22 7.6 +2.1
DISV Dimensional International Small Cap Value ETF 1.9 42 14 8.1 +2.7
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 1.8 25 31 6.3 +0.9
QINT American Century Quality Diversified International ETF 1.8 39 17 6.6 +1.1
VGK Vanguard FTSE Europe ETF 1.7 6 50 6.6 +1.1
SPEU SPDR Portfolio Europe ETF 1.7 7 49 6.5 +1.0
INTF iShares International Equity Factor ETF 1.7 15 41 6.5 +1.0
IMTM iShares MSCI Intl Momentum Factor ETF 1.7 30 26 4.7 -0.8
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.7 47 9 7.2 +1.8
IQDF FlexShares International Quality Dividend Index Fund 1.6 47 9 7.6 +2.1
QEFA SPDR MSCI EAFE StrategicFactors ETF 1.6 30 26 6.2 +0.7
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 1.6 32 24 5.4 -0.0
CIL VictoryShares International Volatility Wtd ETF 1.6 45 11 5.8 +0.4
IEV iShares Europe ETF 1.6 67 -11 5.9 +0.4
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 1.6 12 44 5.3 -0.2
DFIC Dimensional International Core Equity 2 ETF 1.6 23 33 6.3 +0.8
DXIV Dimensional International Vector Equity ETF 1.6 34 22 6.6 +1.1
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 1.6 24 32 6.9 +1.5
FENI Fidelity Enhanced International ETF 1.6 28 28 5.8 +0.4
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 1.6 65 -9 4.2 -1.3
JHID John Hancock International High Dividend ETF 1.5 46 10 7.9 +2.4
PPIE Putnam PanAgora ESG International Equity ETF 1.5 49 7 6.2 +0.8
BBEU JPMorgan BetaBuilders Europe ETF 1.5 9 47 6.2 +0.8
IDHQ Invesco S&P International Developed High Quality ETF 1.5 29 27 5.4 -0.0
IDLV Invesco S&P International Developed Low Volatility ETF 1.5 25 31 6.5 +1.0
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 1.5 14 42 5.3 -0.1
DBEU Xtrackers MSCI Europe Hedged Equity ETF 1.5 46 10 5.5 +0.1
EV Mast Global Battery Recycling & Production ETF 1.5 65 -9 6.3 +0.8
DFE WisdomTree Europe SmallCap Dividend Fund 1.4 58 -2 7.6 +2.1
FLEE Franklin FTSE Europe ETF 1.4 9 47 6.3 +0.8
BLES Inspire Global Hope ETF 1.4 61 -5 5.7 +0.3
CLNR IQ Cleaner Transport ETF 1.4 45 11 3.9 -1.6
DTAN Sparkline International Intangible Value ETF 1.3 55 1 7.1 +1.6
FEZ SPDR EURO STOXX 50 ETF 1.3 29 27 5.8 +0.3
EFA iShares MSCI EAFE ETF 1.3 35 21 5.8 +0.3
HEFA iShares Currency Hedged MSCI EAFE ETF 1.3 35 21 5.8 +0.3
IBOT Vaneck Robotics ETF 1.3 47 9 3.2 -2.2
FNDF Schwab Fundamental International Large Co. Index ETF 1.2 25 31 7.4 +1.9
IEFA iShares Core MSCI EAFE ETF 1.2 7 49 6.1 +0.6
FNDC Schwab Fundamental International Small Co. Index ETF 1.2 39 17 6.8 +1.4
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 1.2 9 47 7.8 +2.3
DFIV Dimensional International Value ETF 1.2 27 29 7.8 +2.4
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 1.2 45 11 6.8 +1.3
DFAI Dimensional International Core Equity Market ETF 1.2 18 38 6.1 +0.6
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 1.2 46 10 7.8 +2.3
IQSI IQ Candriam International Equity ETF 1.2 15 41 5.6 +0.1
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 1.2 39 17 6.2 +0.8
EFAD ProShares MSCI EAFE Dividend Growers ETF 1.1 50 6 5.7 +0.3
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 1.1 20 36 5.7 +0.2
FPXE First Trust IPOX Europe Equity Opportunities ETF 1.1 70 -14 3.8 -1.7
IDEV iShares Core MSCI International Developed Markets ETF 1.1 4 52 6.0 +0.6
GSIE Goldman Sachs ActiveBeta International Equity ETF 1.1 25 31 6.2 +0.8
IMFL Invesco International Developed Dynamic Multifactor ETF 1.1 34 22 5.2 -0.3
IQLT iShares MSCI Intl Quality Factor ETF 1.0 30 26 5.5 +0.1
ETEC iShares Breakthrough Environmental Solutions ETF 1.0 47 9 2.7 -2.8
DIVI Franklin International Core Dividend Tilt Index ETF 1.0 9 47 6.6 +1.1
SCHC Schwab International Small-Cap Equity ETF 1.0 11 45 6.7 +1.2
SCHF Schwab International Equity ETF 1.0 6 50 6.0 +0.5
VEA Vanguard FTSE Developed Markets ETF 1.0 3 53 6.0 +0.5
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 1.0 20 36 5.7 +0.2
VYMI Vanguard International High Dividend Yield ETF 1.0 17 39 8.1 +2.6
AVIV Avantis International Large Cap Value ETF 1.0 25 31 7.0 +1.5
DFAX Dimensional World ex U.S. Core Equity 2 ETF 1.0 30 26 6.4 +0.9
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 1.0 36 20 5.4 -0.1
CEFA Global X S&P Catholic Values Developed ex-US ETF 1.0 35 21 5.7 +0.3
NXTG First Trust Indxx NextG ETF 1.0 70 -14 3.4 -2.0
DWM WisdomTree International Equity Fund 1.0 48 8 5.7 +0.2
EUDG WisdomTree Europe Quality Dividend Growth Fund 1.0 58 -2 6.4 +0.9
GSID Goldman Sachs MarketBeta International Equity ETF 0.9 20 36 5.9 +0.4
NUDM Nuveen ESG International Developed Markets Equity ETF 0.9 31 25 5.6 +0.1
TRFK Pacer Data and Digital Revolution ETF 0.9 60 -4 1.8 -3.7
HFXI IQ FTSE International Equity Currency Neutral ETF 0.9 20 36 5.6 +0.2
JHMD John Hancock Multifactor Developed International ETF 0.9 39 17 6.2 +0.8
SLX VanEck Steel ETF 0.9 56 0 10.1 +4.6
SCZ iShares MSCI EAFE Small-Cap ETF 0.9 40 16 6.1 +0.6
ISCF iShares International SmallCap Equity Factor ETF 0.9 23 33 7.3 +1.8
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.9 40 16 5.7 +0.2
CGV Conductor Global Equity Value ETF 0.9 130 -74 7.7 +2.2
JPIN J.P. Morgan Diversified Return International Equity ETF 0.9 37 19 7.2 +1.7
KNO AXS Knowledge Leaders ETF 0.9 78 -22 4.0 -1.4
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 0.8 58 -2 5.4 -0.1
RODM Hartford Multifactor Developed Markets (ex-US) ETF 0.8 29 27 7.0 +1.6
PATN Pacer Nasdaq International Patent Leaders ETF 0.8 65 -9 4.0 -1.4
VIDI Vident International Equity Strategy ETF 0.8 61 -5 8.1 +2.6
BKIE BNY Mellon International Equity ETF 0.8 4 52 6.0 +0.6
AVDE Avantis International Equity ETF 0.8 23 33 6.2 +0.8
SPDW SPDR Portfolio Developed World ex-US ETF 0.8 3 53 5.8 +0.4
RFDI First Trust Riverfront Dynamic Developed International ETF 0.8 83 -27 7.8 +2.3
IQDG WisdomTree International Quality Dividend Growth Fund 0.8 42 14 5.8 +0.3
DIHP Dimensional International High Profitability ETF 0.8 29 27 5.8 +0.3
FDEV Fidelity International Multifactor ETF 0.8 18 38 7.3 +1.9
HAP VanEck Natural Resources ETF 0.8 50 6 6.8 +1.3
ACWX iShares MSCI ACWI ex U.S. ETF 0.8 34 22 6.4 +0.9
AVSD Avantis Responsible International Equity ETF 0.8 23 33 6.0 +0.5
AIS VistaShares Artificial Intelligence Supercycle ETF 0.7 75 -19 0.9 -4.6
CWI SPDR MSCI ACWI ex-US ETF 0.7 30 26 6.5 +1.0
STXI Strive International Developed Markets ETF 0.7 29 27 6.2 +0.8
IXUS iShares Core MSCI Total International Stock ETF 0.7 7 49 6.6 +1.1
VXUS Vanguard Total International Stock ETF 0.7 5 51 6.7 +1.2
MXI iShares Global Materials ETF 0.7 41 15 6.0 +0.5
VSGX Vanguard ESG International Stock ETF 0.7 10 46 6.6 +1.1
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.7 8 48 6.3 +0.8
BOTZ Global X Robotics & Artificial Intelligence ETF 0.7 69 -13 1.8 -3.6
TTAI FCF International Quality ETF 0.7 59 -3 6.8 +1.3
AVDS Avantis International Small Cap Equity ETF 0.7 30 26 6.0 +0.6
FRGN Horizon International Equity ETF 0.7 75 -19 7.8 +2.3
ACWV iShares MSCI Global Min Vol Factor ETF 0.7 20 36 5.7 +0.3
DTH WisdomTree International High Dividend Fund 0.6 58 -2 7.4 +1.9
EFG iShares MSCI EAFE Growth ETF 0.6 36 20 3.8 -1.7
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.6 41 15 6.0 +0.5
JSTC Adasina Social Justice All Cap Global ETF 0.6 89 -33 4.3 -1.1
VEU Vanguard FTSE All-World ex-US Index Fund 0.6 4 52 6.7 +1.3
QWLD SPDR MSCI World StrategicFactors ETF 0.6 30 26 5.2 -0.3
ICOW Pacer Developed Markets International Cash Cows 100 ETF 0.6 65 -9 7.8 +2.4
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.6 49 7 6.1 +0.6
EXI iShares Global Industrials ETF 0.6 42 14 3.6 -1.9
ICPY Tweedy, Browne International Insider Value ETF 0.6 80 -24 21.5 +16.1
DWX SPDR S&P International Dividend ETF 0.6 45 11 6.8 +1.3
KNCT Invesco Next Gen Connectivity ETF 0.5 40 16 2.9 -2.6
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.5 18 38 6.4 +0.9
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 0.5 65 -9 1.4 -4.1
AVDV Avantis International Small Cap Value ETF 0.5 36 20 7.7 +2.2
DGT State Street SPDR Global Dow ETF 0.5 50 6 5.7 +0.2
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.5 39 17 7.0 +1.5
IVSI Applied Finance IVS International Large ETF 0.5 65 -9 6.1 +0.6
RCGE RockCreek Global Equality ETF 0.5 95 -39 6.2 +0.7
IDV iShares International Select Dividend ETF 0.5 51 5 9.1 +3.6
FDT First Trust Developed Markets ex-US AlphaDEX Fund 0.5 80 -24 6.7 +1.2
CGW Invesco S&P Global Water Index ETF 0.5 57 -1 4.6 -0.9
JXI iShares Global Utilities ETF 0.5 43 13 5.2 -0.3
DLS WisdomTree International SmallCap Dividend Fund 0.5 58 -2 7.5 +2.0
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.5 12 44 4.4 -1.0
GWX SPDR S&P International Small Cap ETF 0.4 40 16 5.9 +0.4
IPAV Global X Infrastructure Development ex-U.S. ETF 0.4 55 1 5.7 +0.3
IXC iShares Global Energy ETF 0.4 44 12 7.3 +1.9
COPY Tweedy, Browne Insider + Value ETF 0.4 80 -24 14.9 +9.5
FEOE First Eagle Overseas Equity ETF 0.4 79 -23 6.2 +0.8
RWX SPDR Dow Jones International Real Estate ETF 0.3 59 -3 7.4 +1.9
DOL WisdomTree International LargeCap Dividend Fund 0.3 48 8 5.7 +0.2
PIEL Pacer International Export Leaders ETF 0.3 60 -4 4.1 -1.4
TOK iShares MSCI Kokusai ETF 0.3 26 30 4.3 -1.2
IXN iShares Global Tech ETF 0.3 41 15 2.6 -2.9
URTH iShares MSCI World ETF 0.3 24 32 4.3 -1.2
WSML iShares MSCI World Small-Cap ETF 0.3 15 41 5.3 -0.1
BULD Pacer BlueStar Engineering the Future ETF 0.3 60 -4 0.3 -5.2
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.3 9 47 4.9 -0.6
ACWI iShares MSCI ACWI ETF 0.3 32 24 4.6 -0.8
VT Vanguard Total World Stock ETF 0.3 6 50 5.0 -0.5
GLOF iShares Global Equity Factor ETF 0.3 20 36 5.6 +0.1
KOKU Xtrackers MSCI Kokusai Equity ETF 0.3 9 47 4.4 -1.1
AIQ Global X Artificial Intelligence & Technology ETF 0.3 68 -12 2.7 -2.8
AQLT iShares MSCI Global Quality Factor ETF 0.2 18 38 0.0 -5.5
AIVI WisdomTree International AI Enhanced Value Fund 0.2 58 -2 6.3 +0.9
WRND IQ Global Equity R&D Leaders ETF 0.2 18 38 4.0 -1.5
ESGG FlexShares STOXX Global ESG Select Index Fund 0.2 42 14 4.0 -1.4
JIRE JPMorgan International Research Enhanced Equity ETF 0.2 24 32 5.9 +0.4
GEW Cambria Global EW ETF 0.2 29 27 5.4 -0.1
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.2 42 14 4.1 -1.4
SHLD Global X Defense Tech ETF 0.2 50 6 3.1 -2.4
IGRO iShares International Dividend Growth ETF 0.2 15 41 6.8 +1.3
IFGL iShares International Developed Real Estate ETF 0.2 48 8 7.5 +2.0
IXG iShares Global Financials ETF 0.2 42 14 6.3 +0.8
IXP iShares Global Comm Services ETF 0.2 42 14 5.7 +0.2
KXI iShares Global Consumer Staples ETF 0.2 41 15 5.3 -0.1
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.2 10 46 8.6 +3.2
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.2 20 36 4.7 -0.8
PICK iShares MSCI Global Metals & Mining Producers ETF 0.2 39 17 8.0 +2.5
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.1 12 44 8.8 +3.3
CCNR ALPS CoreCommodity Natural Resources ETF 0.1 39 17 8.1 +2.6
DEW WisdomTree Global High Dividend Fund 0.1 58 -2 7.2 +1.8
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.1 25 31 5.5 +0.0
RWO SPDR Dow Jones Global Real Estate ETF 0.1 50 6 6.3 +0.8
ERET iShares Environmentally Aware Real Estate ETF 0.1 30 26 6.9 +1.4
LVHI Franklin International Low Volatility High Dividend Index ET 0.1 40 16 7.7 +2.2
VIGI Vanguard International Dividend Appreciation ETF 0.1 10 46 6.1 +0.6

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:

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 12.1 %
Divided by: Fwd. P/BV 2.0 x
Less: Expense ratio 56 bp
Equals: ALTAR Score 5.5 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.74 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.