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iShares Trust - iShares Expanded Tech-Software Sector ETF

BATS:IGV
Snowflake Description

Undervalued with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
IGV
BATS
$3B
Market Cap
  1. Home
  2. US
  3. Diversified Financials
Company description

iShares Trust - iShares Expanded Tech-Software Sector ETF is an exchange traded fund launched by BlackRock, Inc. The last earnings update was 161 days ago. More info.


Add to Portfolio Compare Print
  • iShares Trust - iShares Expanded Tech-Software Sector ETF is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
IGV Share Price and Events
7 Day Returns
1.1%
BATS:IGV
0.8%
US Capital Markets
0.4%
US Market
1 Year Returns
23%
BATS:IGV
8.7%
US Capital Markets
13.1%
US Market
IGV Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
iShares Trust - iShares Expanded Tech-Software Sector ETF (IGV) 1.1% 4.3% 4.5% 23% 95.4% 142.3%
US Capital Markets 0.8% 6.1% 8.4% 8.7% 34.7% 58.8%
US Market 0.4% 4% 7.4% 13.1% 38.6% 44.6%
1 Year Return vs Industry and Market
  • IGV outperformed the Capital Markets industry which returned 8.7% over the past year.
  • IGV outperformed the Market in United States of America which returned 13.1% over the past year.

Value

 Is iShares Trust - iShares Expanded Tech-Software Sector ETF 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 Trust - iShares Expanded Tech-Software Sector ETF 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 Trust - iShares Expanded Tech-Software Sector ETF.

BATS:IGV 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
= $169.69 * 20.3%
$34.38
Book Value of Equity per Share Median Book Value from the past 5 years. $169.69
Discount Rate (Cost of Equity) See below 9.2%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

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 BATS:IGV
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.75
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.752 (1 + (1- 21%) (4.17%))
1.09
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.09
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.09 * 5.96%)
9.23%

Discounted Cash Flow Calculation for BATS:IGV using Excess Returns Model Model

The calculations below outline how an intrinsic value for iShares Trust - iShares Expanded Tech-Software Sector ETF 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.

BATS:IGV Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (20.3% – 9.23%) * $169.69)
$18.73
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $18.73 / (9.23% - 2.73%)
$288.16
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $169.69 + $288.16
$457.86
BATS:IGV Discount to Share Price
Calculation Result
Value per share (USD) From above. $457.86
Current discount Discount to share price of $222.23
= -1 x ($222.23 - $457.86) / $457.86
51.5%

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

Current Discount
Amount off the current price iShares Trust - iShares Expanded Tech-Software Sector ETF is available for.
Intrinsic value
>50%
Share price is $222.23 vs Future cash flow value of $457.86
Current Discount Checks
For iShares Trust - iShares Expanded Tech-Software Sector ETF to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • iShares Trust - iShares Expanded Tech-Software Sector ETF's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • iShares Trust - iShares Expanded Tech-Software Sector ETF'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 Trust - iShares Expanded Tech-Software Sector ETF's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are iShares Trust - iShares Expanded Tech-Software Sector ETF's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BATS:IGV PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $32.11
BATS:IGV Share Price ** BATS (2019-11-14) in USD $222.23
United States of America Capital Markets Industry PE Ratio Median Figure of 81 Publicly-Listed Capital Markets Companies 39.22x
United States of America Market PE Ratio Median Figure of 2,917 Publicly-Listed Companies 18.19x

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

** Primary Listing of iShares Trust - iShares Expanded Tech-Software Sector ETF.

BATS:IGV PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BATS:IGV Share Price ÷ EPS (both in USD)

= 222.23 ÷ 32.11

6.92x

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

  • iShares Trust - iShares Expanded Tech-Software Sector ETF is good value based on earnings compared to the US Capital Markets industry average.
  • iShares Trust - iShares Expanded Tech-Software Sector ETF is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does iShares Trust - iShares Expanded Tech-Software Sector ETF's expected growth come at a high price?
Raw Data
BATS:IGV PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.92x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Capital Markets Industry PEG Ratio Median Figure of 37 Publicly-Listed Capital Markets Companies 1.96x
United States of America Market PEG Ratio Median Figure of 2,028 Publicly-Listed Companies 1.46x

*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 Trust - iShares Expanded Tech-Software Sector ETF, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on iShares Trust - iShares Expanded Tech-Software Sector ETF's assets?
Raw Data
BATS:IGV PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $210.77
BATS:IGV Share Price * BATS (2019-11-14) in USD $222.23
United States of America Capital Markets Industry PB Ratio Median Figure of 153 Publicly-Listed Capital Markets Companies 6.51x
United States of America Market PB Ratio Median Figure of 5,070 Publicly-Listed Companies 1.73x
BATS:IGV PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BATS:IGV Share Price ÷ Book Value per Share (both in USD)

= 222.23 ÷ 210.77

1.05x

* Primary Listing of iShares Trust - iShares Expanded Tech-Software Sector ETF.

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

  • iShares Trust - iShares Expanded Tech-Software Sector ETF is good value based on assets compared to the US Capital Markets industry average.
X
Value checks
We assess iShares Trust - iShares Expanded Tech-Software Sector ETF'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 Trust - iShares Expanded Tech-Software Sector ETF 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.

Future Performance

 How is iShares Trust - iShares Expanded Tech-Software Sector ETF 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 Trust - iShares Expanded Tech-Software Sector ETF 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
5.3%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is iShares Trust - iShares Expanded Tech-Software Sector ETF expected to grow at an attractive rate?
  • Unable to compare iShares Trust - iShares Expanded Tech-Software Sector ETF's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare iShares Trust - iShares Expanded Tech-Software Sector ETF's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare iShares Trust - iShares Expanded Tech-Software Sector ETF's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BATS:IGV Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 5.3%
United States of America Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 3.7%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*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
BATS:IGV Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BATS:IGV Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 12 416
2018-12-31 9 456
2018-09-30 7 496
2018-06-30 7 396
2018-03-31 6 297
2017-12-31 6 254
2017-09-30 5 210
2017-06-30 5 189
2017-03-31 5 167

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if iShares Trust - iShares Expanded Tech-Software Sector ETF is high growth as no earnings estimate data is available.
  • Unable to determine if iShares Trust - iShares Expanded Tech-Software Sector ETF 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
BATS:IGV Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from iShares Trust - iShares Expanded Tech-Software Sector ETF Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS:IGV Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 32.11
2018-12-31 35.20
2018-09-30 47.45
2018-06-30 37.92
2018-03-31 37.08
2017-12-31 31.69
2017-09-30 27.86
2017-06-30 25.00
2017-03-31 25.92

*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 Trust - iShares Expanded Tech-Software Sector ETF will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess iShares Trust - iShares Expanded Tech-Software Sector ETF'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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of 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 Trust - iShares Expanded Tech-Software Sector ETF 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.

Past Performance

  How has iShares Trust - iShares Expanded Tech-Software Sector ETF 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 Trust - iShares Expanded Tech-Software Sector ETF'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 Trust - iShares Expanded Tech-Software Sector ETF has delivered over 20% year on year earnings growth in the past 5 years.
  • iShares Trust - iShares Expanded Tech-Software Sector ETF's 1-year earnings growth exceeds its 5-year average (40.2% vs 28.8%)
  • iShares Trust - iShares Expanded Tech-Software Sector ETF's earnings growth has exceeded the US Capital Markets industry average in the past year (40.2% vs 21%).
Earnings and Revenue History
iShares Trust - iShares Expanded Tech-Software Sector ETF'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 Trust - iShares Expanded Tech-Software Sector ETF Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS:IGV Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 11.54 415.89 9.06
2018-12-31 9.40 455.89 8.04
2018-09-30 7.27 495.89 7.03
2018-06-30 6.67 396.28 6.09
2018-03-31 6.07 296.67 5.16
2017-12-31 5.74 253.51 4.67
2017-09-30 5.41 210.36 4.18
2017-06-30 5.22 188.76 3.87
2017-03-31 5.02 167.16 3.57
2016-03-31 13.84 -68.42 4.36
2015-07-31 8.42 219.98 5.47
2015-04-30 8.43 151.87 5.46
2015-01-31 8.45 83.76 5.44
2014-10-31 8.23 105.71 5.22
2014-07-31 8.01 127.65 4.99
2014-04-30 7.55 148.90 4.44
2014-01-31 7.09 170.14 3.89
2013-10-31 6.44 156.39 3.56
2013-07-31 5.78 142.64 3.23
2013-04-30 5.04 105.22 3.06
2013-01-31 4.29 67.79 2.89

*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 Trust - iShares Expanded Tech-Software Sector ETF has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • iShares Trust - iShares Expanded Tech-Software Sector ETF used its assets more efficiently than the US Capital Markets industry average last year based on Return on Assets.
  • iShares Trust - iShares Expanded Tech-Software Sector ETF's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess iShares Trust - iShares Expanded Tech-Software Sector ETF'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 Trust - iShares Expanded Tech-Software Sector ETF 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.

Health

 How is iShares Trust - iShares Expanded Tech-Software Sector ETF'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 Trust - iShares Expanded Tech-Software Sector ETF's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • iShares Trust - iShares Expanded Tech-Software Sector ETF is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • iShares Trust - iShares Expanded Tech-Software Sector ETF's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of iShares Trust - iShares Expanded Tech-Software Sector ETF'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.
  • Debt is covered by short term assets, assets are 1x debt.
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 Trust - iShares Expanded Tech-Software Sector ETF Company Filings, last reported 7 months ago.

BATS:IGV Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 2,729.46 114.46 116.17
2018-12-31 2,729.46 114.46 116.17
2018-09-30 2,142.26 92.34 93.18
2018-06-30 2,142.26 92.34 93.18
2018-03-31 1,357.54 82.47 83.17
2017-12-31 1,357.54 82.47 83.17
2017-09-30 1,104.17 97.94 98.48
2017-06-30 1,104.17 97.94 98.48
2017-03-31 815.63 46.58 53.38
2016-03-31 709.68 53.96 54.61
2015-07-31 1,080.64 92.71 94.26
2015-04-30 1,080.64 92.71 94.26
2015-01-31 1,164.12 99.86 101.93
2014-10-31 1,164.12 99.86 101.93
2014-07-31 975.19 149.13 149.66
2014-04-30 975.19 149.13 149.66
2014-01-31 1,190.28 186.49 187.03
2013-10-31 1,190.28 186.49 187.03
2013-07-31 729.55 81.38 82.60
2013-04-30 729.55 81.38 82.60
2013-01-31 673.75 80.58 80.92
  • iShares Trust - iShares Expanded Tech-Software Sector ETF's level of debt (4.2%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (15.4% vs 4.2% today).
  • Unable to verify if debt is well covered by operating cash flow as iShares Trust - iShares Expanded Tech-Software Sector ETF has not reported sufficient balance sheet data.
  • Unable to confirm if the interest payments on iShares Trust - iShares Expanded Tech-Software Sector ETF's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess iShares Trust - iShares Expanded Tech-Software Sector ETF'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 Trust - iShares Expanded Tech-Software Sector ETF has a total score of 4/6, 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.

Dividends

 What is iShares Trust - iShares Expanded Tech-Software Sector ETF'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
0.12%
Current annual income from iShares Trust - iShares Expanded Tech-Software Sector ETF dividends.
If you bought $2,000 of iShares Trust - iShares Expanded Tech-Software Sector ETF shares you are expected to receive $2 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 Trust - iShares Expanded Tech-Software Sector ETF's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.43%).
  • iShares Trust - iShares Expanded Tech-Software Sector ETF's dividend is below the markets top 25% of dividend payers in United States of America (3.66%).
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
BATS:IGV 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
United States of America Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 42 Stocks 2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1949 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

BATS:IGV Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-06-07 0.260 0.120
2018-06-07 0.110 0.057
2018-01-12 0.184 0.106
2017-06-05 0.184 0.125
2016-06-06 0.870 0.749
2015-10-30 0.100 0.101
2015-10-07 0.240 0.237
2014-10-08 0.340 0.355
2013-10-07 0.170 0.206
2013-04-10 0.180 0.252
2012-10-09 0.100 0.155
2012-04-05 0.040 0.064

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

  • iShares Trust - iShares Expanded Tech-Software Sector ETF is not paying a notable dividend for United States of America, therefore no need to check if the payments are stable.
  • iShares Trust - iShares Expanded Tech-Software Sector ETF is not paying a notable dividend for United States of America, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of iShares Trust - iShares Expanded Tech-Software Sector ETF's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of iShares Trust - iShares Expanded Tech-Software Sector ETF's dividends as it is not paying a notable one for United States of America.
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 Trust - iShares Expanded Tech-Software Sector ETF's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Trust - iShares Expanded Tech-Software Sector ETF afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. iShares Trust - iShares Expanded Tech-Software Sector ETF has a total score of 0/6, see the detailed checks below.


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

Management

 What is the CEO of iShares Trust - iShares Expanded Tech-Software Sector ETF'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 Trust - iShares Expanded Tech-Software Sector ETF has no CEO, or we have no data on them.
Management Team Tenure

Average tenure and age of the iShares Trust - iShares Expanded Tech-Software Sector ETF management team in years:

12.3
Average Tenure
57.5
Average Age
  • The average tenure for the iShares Trust - iShares Expanded Tech-Software Sector ETF management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Michael Latham

TITLE
Treasurer
AGE
53
TENURE
12.8 yrs

Jack Gee

TITLE
Chief Financial Officer and Treasurer
AGE
59
TENURE
11.8 yrs

Geoffrey Flynn

TITLE
Chief Operating Officer and Executive Vice President
AGE
61
TENURE
11.8 yrs

Ira Shapiro

TITLE
Chief Legal Officer and Vice President
AGE
56
TENURE
12.8 yrs

Eilleen Clavere

TITLE
Secretary
AGE
67
TENURE
12.8 yrs

Matt Tucker

TITLE
managing Director and Head of iShares Fixed Income Investment Strategy
TENURE
12.8 yrs

Lee W. Sterne

TITLE
MD of U.S. Fixed Income Index & iShares and Senior Portfolio Manager
AGE
54
TENURE
12.8 yrs

Diane Hsiung

TITLE
Portfolio Manager
TENURE
11.8 yrs

Greg Savage

TITLE
Portfolio Manager
TENURE
11.8 yrs

Jennifer Hsui

TITLE
Portfolio Manager
TENURE
7.8 yrs
Board of Directors Tenure

Average tenure and age of the iShares Trust - iShares Expanded Tech-Software Sector ETF board of directors in years:

14.8
Average Tenure
64
Average Age
  • The average tenure for the iShares Trust - iShares Expanded Tech-Software Sector ETF board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Lee Kranefuss

TITLE
Chairman and Principal Executive Officer
AGE
57
TENURE
16.8 yrs

Charles Hurty

TITLE
Independent Trustee
COMPENSATION
$110K
AGE
75
TENURE
14.8 yrs

George Parker

TITLE
Lead Independent Trustee
COMPENSATION
$115K
AGE
80
TENURE
13.8 yrs

John Martinez

TITLE
COMPENSATION
$90K
AGE
58
TENURE
16.8 yrs

John Kerrigan

TITLE
Independent Trustee
COMPENSATION
$90K
AGE
64
TENURE
14.8 yrs

Cecilia Herbert

TITLE
Independent Trustee
COMPENSATION
$90K
AGE
69
TENURE
14.8 yrs

Robert Silver

TITLE
Independent Trustee
COMPENSATION
$90K
AGE
64
TENURE
12.8 yrs

J. Duffie

TITLE
COMPENSATION
$68K
AGE
64
TENURE
11.8 yrs

Rob Kapito

TITLE
AGE
63
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 ($) Value ($)
X
Management checks
We assess iShares Trust - iShares Expanded Tech-Software Sector ETF'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 Trust - iShares Expanded Tech-Software Sector ETF 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.

News

Simply Wall St News

Company Info

Description

iShares Trust - iShares Expanded Tech-Software Sector ETF is an exchange traded fund launched by BlackRock, Inc. The fund is managed by BlackRock Fund Advisors. It invests in public equity markets of the United States and Canada region. It invests in stocks of companies operating across media and entertainment, entertainment, information technology, software and services, software, application software, enterprise software, interactive home entertainment, technology hardware and equipment, technology hardware, storage and peripherals, personal computers and accessories, communication services sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. It seeks to track the performance of the S&P North American Expanded Technology Software Index, by using representative sampling technique. iShares Trust - iShares Expanded Tech-Software Sector ETF was formed on July 10, 2001 and is domiciled in the United States.

Details
Name: iShares Trust - iShares Expanded Tech-Software Sector ETF
IGV
Exchange: BATS
Founded: 2001
$2,744,540,500
12,350,000
Website: http://www.ishares.com/us/products/239771/ishares-north-american-techsoftware-etf
Address: iShares Trust - iShares Expanded Tech-Software Sector ETF
400 Howard Street,
San Francisco,
California, 94105,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BATS IGV Share Capital Better Alternative Trading System US USD 13. Jul 2001
LSE 0U5Z Share Capital London Stock Exchange GB USD 13. Jul 2001
BMV IGV * Share Capital Bolsa Mexicana de Valores MX MXN 13. Jul 2001
Number of employees
Current staff
Staff numbers
0
iShares Trust - iShares Expanded Tech-Software Sector ETF employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/15 02:00
End of day share price update: 2019/11/14 00:00
Last earnings filing: 2019/06/07
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


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.