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iShares MSCI EAFE Index ETF (CAD-Hedged)

TSX:XIN
Snowflake Description

Flawless balance sheet and undervalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
XIN
TSX
CA$948M
Market Cap
  1. Home
  2. CA
  3. Diversified Financials
Company description

iShares MSCI EAFE Index ETF (CAD-Hedged) is an exchange traded fund launched and managed by BlackRock Asset Management Canada Limited. The last earnings update was 13 days ago. More info.


Add to Portfolio Compare Print
  • iShares MSCI EAFE Index ETF (CAD-Hedged) is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • iShares MSCI EAFE Index ETF (CAD-Hedged) has significant price volatility in the past 3 months.
XIN Share Price and Events
7 Day Returns
-1.8%
TSX:XIN
-0.3%
CA Capital Markets
2.5%
CA Market
1 Year Returns
-20.4%
TSX:XIN
-21.2%
CA Capital Markets
-24.8%
CA Market
XIN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
iShares MSCI EAFE Index ETF (CAD-Hedged) (XIN) -1.8% -14.3% -24.5% -20.4% -15.5% -19%
CA Capital Markets -0.3% -25% -26.2% -21.2% -20.9% -21.9%
CA Market 2.5% -20.8% -24.7% -24.8% -22.2% -17%
1 Year Return vs Industry and Market
  • XIN matched the Capital Markets industry (-21.2%) over the past year.
  • XIN outperformed the Market in Canada which returned -24.8% over the past year.
Price Volatility
XIN
Industry
5yr Volatility vs Market

XIN Value

 Is iShares MSCI EAFE Index ETF (CAD-Hedged) undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of iShares MSCI EAFE Index ETF (CAD-Hedged) to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for iShares MSCI EAFE Index ETF (CAD-Hedged).

TSX:XIN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= CA$25.90 * 11%
CA$2.84
Book Value of Equity per Share Median Book Value from the past 5 years. CA$25.90
Discount Rate (Cost of Equity) See below 5.9%
Perpetual Growth Rate 10-Year CA Government Bond Rate 1.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for TSX:XIN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.4%
Equity Risk Premium S&P Global 5.4%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.74
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.743 (1 + (1- 26.5%) (0%))
0.828
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.83
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.44% + (0.828 * 5.44%)
5.94%

Discounted Cash Flow Calculation for TSX:XIN using Excess Returns Model Model

The calculations below outline how an intrinsic value for iShares MSCI EAFE Index ETF (CAD-Hedged) is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

TSX:XIN Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (11% – 5.94%) * CA$25.90)
CA$1.30
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= CA$1.30 / (5.94% - 1.44%)
CA$28.86
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= CA$25.90 + CA$28.86
CA$54.76
TSX:XIN Discount to Share Price
Calculation Result
Value per share (CAD) From above. CA$54.76
Current discount Discount to share price of CA$20.85
= -1 x (CA$20.85 - CA$54.76) / CA$54.76
61.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price iShares MSCI EAFE Index ETF (CAD-Hedged) is available for.
Intrinsic value
>50%
Share price is CA$20.85 vs Future cash flow value of CA$54.76
Current Discount Checks
For iShares MSCI EAFE Index ETF (CAD-Hedged) to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • iShares MSCI EAFE Index ETF (CAD-Hedged)'s share price is below the future cash flow value, and at a moderate discount (> 20%).
  • iShares MSCI EAFE Index ETF (CAD-Hedged)'s share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for iShares MSCI EAFE Index ETF (CAD-Hedged)'s earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are iShares MSCI EAFE Index ETF (CAD-Hedged)'s earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:XIN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in CAD CA$5.30
TSX:XIN Share Price ** TSX (2020-04-03) in CAD CA$20.85
Canada Capital Markets Industry PE Ratio Median Figure of 15 Publicly-Listed Capital Markets Companies 7.28x
Canada Market PE Ratio Median Figure of 497 Publicly-Listed Companies 10.31x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of iShares MSCI EAFE Index ETF (CAD-Hedged).

TSX:XIN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:XIN Share Price ÷ EPS (both in CAD)

= 20.85 ÷ 5.30

3.93x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • iShares MSCI EAFE Index ETF (CAD-Hedged) is good value based on earnings compared to the CA Capital Markets industry average.
  • iShares MSCI EAFE Index ETF (CAD-Hedged) is good value based on earnings compared to the Canada market.
Price based on expected Growth
Does iShares MSCI EAFE Index ETF (CAD-Hedged)'s expected growth come at a high price?
Raw Data
TSX:XIN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 3.93x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
North America Capital Markets Industry PEG Ratio Median Figure of 39 Publicly-Listed Capital Markets Companies 1.93x
Canada Market PEG Ratio Median Figure of 233 Publicly-Listed Companies 0.68x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for iShares MSCI EAFE Index ETF (CAD-Hedged), we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on iShares MSCI EAFE Index ETF (CAD-Hedged)'s assets?
Raw Data
TSX:XIN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in CAD CA$27.48
TSX:XIN Share Price * TSX (2020-04-03) in CAD CA$20.85
Canada Capital Markets Industry PB Ratio Median Figure of 160 Publicly-Listed Capital Markets Companies 0.82x
Canada Market PB Ratio Median Figure of 2,360 Publicly-Listed Companies 0.99x
TSX:XIN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:XIN Share Price ÷ Book Value per Share (both in CAD)

= 20.85 ÷ 27.48

0.76x

* Primary Listing of iShares MSCI EAFE Index ETF (CAD-Hedged).

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • iShares MSCI EAFE Index ETF (CAD-Hedged) is good value based on assets compared to the CA Capital Markets industry average.
X
Value checks
We assess iShares MSCI EAFE Index ETF (CAD-Hedged)'s value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. iShares MSCI EAFE Index ETF (CAD-Hedged) has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

XIN Future Performance

 How is iShares MSCI EAFE Index ETF (CAD-Hedged) expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as iShares MSCI EAFE Index ETF (CAD-Hedged) has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
5.2%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is iShares MSCI EAFE Index ETF (CAD-Hedged) expected to grow at an attractive rate?
  • Unable to compare iShares MSCI EAFE Index ETF (CAD-Hedged)'s earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare iShares MSCI EAFE Index ETF (CAD-Hedged)'s earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare iShares MSCI EAFE Index ETF (CAD-Hedged)'s revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSX:XIN Future Growth Rates Data Sources
Data Point Source Value (per year)
North America Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 5.2%
North America Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 2.2%
Canada Market Earnings Growth Rate Market Cap Weighted Average 5.1%
Canada Market Revenue Growth Rate Market Cap Weighted Average 3.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSX:XIN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:XIN Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-12-31 185 32 256
2019-09-30 92 33 142
2019-06-30 -1 34 29
2019-03-31 -41 34 -62
2018-12-31 -82 35 -153
2018-09-30 11 35 -38
2018-06-30 105 34 76
2018-03-31 159 32 139
2017-12-31 214 29 202
2017-09-30 224 30 228
2017-06-30 233 31 253
2017-03-31 106 30 161

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if iShares MSCI EAFE Index ETF (CAD-Hedged) is high growth as no earnings estimate data is available.
  • Unable to determine if iShares MSCI EAFE Index ETF (CAD-Hedged) is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSX:XIN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from iShares MSCI EAFE Index ETF (CAD-Hedged) Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:XIN Past Financials Data
Date (Data in CAD Millions) EPS *
2019-12-31 5.30
2019-09-30 2.84
2019-06-30 0.56
2019-03-31 -1.15
2018-12-31 -2.76
2018-09-30 -0.69
2018-06-30 1.35
2018-03-31 2.50
2017-12-31 3.67
2017-09-30 4.15
2017-06-30 4.62
2017-03-31 2.92

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if iShares MSCI EAFE Index ETF (CAD-Hedged) will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess iShares MSCI EAFE Index ETF (CAD-Hedged)'s future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the North America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the North America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
iShares MSCI EAFE Index ETF (CAD-Hedged) has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

XIN Past Performance

  How has iShares MSCI EAFE Index ETF (CAD-Hedged) performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare iShares MSCI EAFE Index ETF (CAD-Hedged)'s growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • iShares MSCI EAFE Index ETF (CAD-Hedged)'s year on year earnings growth rate has been positive over the past 5 years.
  • iShares MSCI EAFE Index ETF (CAD-Hedged) has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • iShares MSCI EAFE Index ETF (CAD-Hedged) has become profitable in the last year making it difficult to compare the CA Capital Markets industry average.
Earnings and Revenue History
iShares MSCI EAFE Index ETF (CAD-Hedged)'s revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from iShares MSCI EAFE Index ETF (CAD-Hedged) Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:XIN Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 184.68 255.53 2.11
2019-09-30 91.76 142.26 2.17
2019-06-30 -1.16 28.99 2.24
2019-03-31 -41.49 -61.96 2.34
2018-12-31 -81.82 -152.92 2.44
2018-09-30 11.35 -38.47 2.45
2018-06-30 104.53 75.98 2.47
2018-03-31 159.20 139.02 2.41
2017-12-31 213.87 202.06 2.36
2017-09-30 223.59 227.66 2.27
2017-06-30 233.32 253.26 2.18
2017-03-31 106.07 161.01 2.11
2016-12-31 -21.19 68.76 2.05
2016-09-30 -42.71 -29.72 2.06
2016-06-30 -64.24 -128.21 2.07
2016-03-31 69.11 -41.91 2.09
2015-12-31 202.45 44.39 2.12
2015-09-30 163.50 80.01 2.05
2015-06-30 124.55 115.63 1.99
2015-03-31 73.08 80.30 1.94
2014-12-31 21.61 44.98 1.89
2014-09-30 117.82 99.76 1.84
2014-06-30 -0.94 155.02 1.79
2014-03-31 10.79 178.74 1.68
2013-12-31 237.48 201.97 1.57
2013-09-30 80.00 188.13 1.54
2013-06-30 79.65 171.42 1.45

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • iShares MSCI EAFE Index ETF (CAD-Hedged) has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • iShares MSCI EAFE Index ETF (CAD-Hedged) used its assets more efficiently than the CA Capital Markets industry average last year based on Return on Assets.
  • iShares MSCI EAFE Index ETF (CAD-Hedged) has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess iShares MSCI EAFE Index ETF (CAD-Hedged)'s performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
iShares MSCI EAFE Index ETF (CAD-Hedged) has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

XIN Health

 How is iShares MSCI EAFE Index ETF (CAD-Hedged)'s financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up iShares MSCI EAFE Index ETF (CAD-Hedged)'s finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • iShares MSCI EAFE Index ETF (CAD-Hedged) is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • iShares MSCI EAFE Index ETF (CAD-Hedged) has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of iShares MSCI EAFE Index ETF (CAD-Hedged)'s finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • iShares MSCI EAFE Index ETF (CAD-Hedged) has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from iShares MSCI EAFE Index ETF (CAD-Hedged) Company Filings, last reported 3 months ago.

TSX:XIN Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 1,263.53 0.00 1,261.70
2019-09-30 1,263.53 0.00 1,261.70
2019-06-30 1,222.53 0.00 1,216.54
2019-03-31 1,222.53 0.00 1,216.54
2018-12-31 1,257.58 0.00 1,271.24
2018-09-30 1,257.58 0.00 1,271.24
2018-06-30
2018-03-31 1,485.56 0.00 1,484.80
2017-12-31 1,485.56 0.00 1,484.80
2017-09-30 1,485.56 0.00 1,484.80
2017-06-30 1,380.96 0.00 1,376.36
2017-03-31 1,380.96 0.00 1,376.36
2016-12-31 1,272.72 0.00 1,271.22
2016-09-30 1,272.72 0.00 1,271.22
2016-06-30 1,189.77 0.00 1,188.87
2016-03-31 1,189.77 0.00 1,188.87
2015-12-31 1,223.74 0.00 1,213.98
2015-09-30 1,223.74 0.00 1,213.98
2015-06-30
2015-03-31 1,087.85 0.00 1,082.12
2014-12-31 1,087.85 0.00 1,082.12
2014-09-30 1,087.85 0.00 1,082.12
2014-06-30 1,114.94 0.00 1,114.13
2014-03-31 1,114.94 0.00 1,114.13
2013-12-31 1,084.80 0.00 1,098.85
2013-09-30 1,085.29 0.00 10.44
2013-06-30 853.86 0.00 2.21
  • iShares MSCI EAFE Index ETF (CAD-Hedged) has no debt.
  • iShares MSCI EAFE Index ETF (CAD-Hedged) has not taken on any debt in the past 5 years.
  • iShares MSCI EAFE Index ETF (CAD-Hedged) has no debt, it does not need to be covered by operating cash flow.
  • iShares MSCI EAFE Index ETF (CAD-Hedged) has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess iShares MSCI EAFE Index ETF (CAD-Hedged)'s financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. iShares MSCI EAFE Index ETF (CAD-Hedged) has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

XIN Dividends

 What is iShares MSCI EAFE Index ETF (CAD-Hedged)'s current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.15%
Current annual income from iShares MSCI EAFE Index ETF (CAD-Hedged) dividends.
If you bought CA$2,000 of iShares MSCI EAFE Index ETF (CAD-Hedged) shares you are expected to receive CA$63 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • iShares MSCI EAFE Index ETF (CAD-Hedged)'s pays a higher dividend yield than the bottom 25% of dividend payers in Canada (2.75%).
  • iShares MSCI EAFE Index ETF (CAD-Hedged)'s dividend is below the markets top 25% of dividend payers in Canada (8.52%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSX:XIN Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Canada Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 6.2%
Canada Market Average Dividend Yield Market Cap Weighted Average of 324 Stocks 4.7%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.3%
Canada Bottom 25% Dividend Yield 25th Percentile 2.7%
Canada Top 25% Dividend Yield 75th Percentile 8.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

TSX:XIN Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2018-12-28 0.656 2.557
2017-06-14 0.554 2.142
2016-12-28 0.562 2.292
2016-06-08 0.526 2.388
2015-12-29 0.527 2.469
2015-06-10 0.643 2.741
2014-12-18 0.628 2.590
2013-12-18 0.472 2.148
2013-06-10 0.419 2.031
2012-12-17 0.451 2.332
2012-06-15 0.454 2.739
2011-12-16 0.427 2.610
2011-06-17 0.394 2.470
2010-12-17 0.384 2.064
2010-06-18 0.548 3.136
2009-12-17 0.544 3.037
2009-06-18 0.520 3.042

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of iShares MSCI EAFE Index ETF (CAD-Hedged)'s earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (8.1x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess iShares MSCI EAFE Index ETF (CAD-Hedged)'s dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can iShares MSCI EAFE Index ETF (CAD-Hedged) afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. iShares MSCI EAFE Index ETF (CAD-Hedged) has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

XIN Management

 What is the CEO of iShares MSCI EAFE Index ETF (CAD-Hedged)'s salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
  • iShares MSCI EAFE Index ETF (CAD-Hedged) has no CEO, or we have no data on them.
Management Team

Greg Savage

TITLE
Portfolio Manager

Scott Radell

TITLE
Portfolio Manager
AGE
50

Creighton Jue

TITLE
Portfolio Manager

Amy Whitelaw

TITLE
Portfolio Manager
Board of Directors
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
X
Management checks
We assess iShares MSCI EAFE Index ETF (CAD-Hedged)'s management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. iShares MSCI EAFE Index ETF (CAD-Hedged) has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

XIN News

Simply Wall St News

XIN Company Info

Description

iShares MSCI EAFE Index ETF (CAD-Hedged) is an exchange traded fund launched and managed by BlackRock Asset Management Canada Limited. It is co-managed by BlackRock Institutional Trust Company, N.A. The fund invests in the public equity markets of Europe, Australasia, and the Far East. It invests directly and through other ETFs in stocks of companies operating across diversified sectors. The fund invests in stocks of companies across all market capitalizations. It uses derivatives such as currency forward or futures contracts to hedge any foreign currency exposure back to Canadian dollars. The fund seeks to replicate the performance of the MSCI EAFE Hedged 100% to CAD Index. It was formerly known as iShares MSCI EAFE Index Fund (CAD-Hedged). iShares MSCI EAFE Index ETF (CAD-Hedged) was formed on September 6, 2001 and is domiciled in Canada.

Details
Name: iShares MSCI EAFE Index ETF (CAD-Hedged)
XIN
Exchange: TSX
Founded: 2001
CA$947,632,500
45,450,000
Website: http://www.blackrock.com/ca/individual/en/products/239624/
Address: iShares MSCI EAFE Index ETF (CAD-Hedged)
161 Bay Street,
Suite 2500,
Toronto,
Ontario, M5J 2S1,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX XIN Fund Units The Toronto Stock Exchange CA CAD 13. Sep 2001
OTCPK IUNT.F Fund Units Pink Sheets LLC US USD 13. Sep 2001
Number of employees
Current staff
Staff numbers
0
iShares MSCI EAFE Index ETF (CAD-Hedged) employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/05 07:00
End of day share price update: 2020/04/03 00:00
Last earnings filing: 2020/03/23
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.