Latest news with #EvolutionMiningLtd
Yahoo
03-06-2025
- Business
- Yahoo
Is Schwab Fundamental International Small Company Index ETF (FNDC) a Strong ETF Right Now?
A smart beta exchange traded fund, the Schwab Fundamental International Small Company Index ETF (FNDC) debuted on 08/13/2013, and offers broad exposure to the Foreign Small/Mid Value ETF category of the market. Products that are based on market cap weighted indexes, which are strategies designed to reflect a specific market segment or the market as a whole, have traditionally dominated the ETF industry. A good option for investors who believe in market efficiency, market cap weighted indexes offer a low-cost, convenient, and transparent way of replicating market returns. If you're the kind of investor who would rather try and beat the market through good stock selection, then smart beta funds are your best choice; this fund class is known for tracking non-cap weighted strategies. This kind of index follows this same mindset, as it attempts to pick stocks that have better chances of risk-return performance; non-cap weighted strategies base selection on certain fundamental characteristics, or a mix of such characteristics. While this space offers a number of choices to investors, including simplest equal-weighting, fundamental weighting and volatility/momentum based weighting methodologies, not all these strategies have been able to deliver superior results. Because the fund has amassed over $2.91 billion, this makes it one of the larger ETFs in the Foreign Small/Mid Value ETF. FNDC is managed by Charles Schwab. This particular fund, before fees and expenses, seeks to match the performance of the Russell RAFI Developed ex-U.S. Small Co. Index (Net). The RAFI Fundamental High Liquidity Developed ex US Small Index measures the performance of small non-U.S. developed market companies based on their fundamental size and weight. Since cheaper funds tend to produce better results than more expensive funds, assuming all other factors remain equal, it is important for investors to pay attention to an ETF's expense ratio. With one of the cheaper products in the space, this ETF has annual operating expenses of 0.39%. FNDC's 12-month trailing dividend yield is 3.01%. Even though ETFs offer diversified exposure that minimizes single stock risk, investors should also look at the actual holdings inside the fund. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis. When you look at individual holdings, Evolution Mining Ltd (EVN) accounts for about 0.21% of the fund's total assets, followed by Israel Corporation Ltd (ILCO) and Ssc Government Mm Gvmxx (GVMXX). The top 10 holdings account for about 1.34% of total assets under management. So far this year, FNDC has added about 19.16%, and it's up approximately 16.44% in the last one year (as of 06/03/2025). During this past 52-week period, the fund has traded between $32.97 and $40.68. FNDC has a beta of 0.80 and standard deviation of 16.36% for the trailing three-year period, which makes the fund a low risk choice in the space. With about 1748 holdings, it effectively diversifies company-specific risk. Schwab Fundamental International Small Company Index ETF is a reasonable option for investors seeking to outperform the Foreign Small/Mid Value ETF segment of the market. However, there are other ETFs in the space which investors could consider. Dimensional International Small Cap Value ETF (DISV) tracks ---------------------------------------- and the Avantis International Small Cap Value ETF (AVDV) tracks ----------------------------------------. Dimensional International Small Cap Value ETF has $3.06 billion in assets, Avantis International Small Cap Value ETF has $9.19 billion. DISV has an expense ratio of 0.42% and AVDV charges 0.36%. Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the Foreign Small/Mid Value ETF. To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Schwab Fundamental International Small Company Index ETF (FNDC): ETF Research Reports Avantis International Small Cap Value ETF (AVDV): ETF Research Reports This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
12-02-2025
- Business
- Yahoo
Evolution Mining Ltd (CAHPF) (H1 2025) Earnings Call Highlights: Record Profits and Strategic ...
Gold Production: 388,000 ounces in the first half. Copper Production: 38,000 tonnes in the first half. Cost per Ounce: $638 per ounce in the first half. Operating Cash Flow: On track to deliver $2.1 billion. Mine Cash Flow: Expected to reach $1.9 billion before major capital. Underlying Profit After Tax: $385 million, up 144%. Underlying EBITDA: $1 billion, up 77%. EBITDA Margin: Increased by 16% to 50%. Gearing: Reduced from 29.7% to 22.6%. Interim Dividend: Increased by 250% to $0.07 per share. Net Debt: Reduced by $345 million since December 2023. Interest Coverage: 22x by EBITDA. Average Borrowing Cost: 5%. Warning! GuruFocus has detected 7 Warning Signs with CAHPF. Release Date: February 11, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Evolution Mining Ltd (CAHPF) reported record financial results with an underlying profit after tax of $385 million, up 144%. The company achieved record operating net mine and group cash flows, with a 60% and 40% increase respectively. The interim dividend was increased by 250% to $0.07 per share, reflecting strong financial performance and commitment to shareholder returns. The Mungari plant expansion is nine months ahead of schedule and 6% under the original budget, showcasing effective project management. Evolution Mining Ltd (CAHPF) has a strong investment-grade balance sheet, with net debt reduced by $345 million since December 2023. There are complex accounting issues related to the triple flag stream and depreciation charges, causing confusion among analysts. The company has only 75,000 ounces hedged for delivery over the next 18 months, exposing it to potential gold price volatility. Despite strong financial performance, there is uncertainty regarding the timing of capital expenditures and potential delays in project execution. The reinstatement of the dividend reinvestment plan was based on shareholder feedback, but its impact on organic growth funding is limited. There are concerns about the impact of weather conditions on operations, although no significant disruptions have been reported so far. Q: What was the rationale behind reinstating the dividend reinvestment plan (DRP)? A: Jacob Klein, Executive Chairman, explained that the DRP was reinstated based on shareholder feedback, not due to any balance sheet concerns. The balance sheet remains strong and robust. Q: Can you clarify the accounting treatment of the Triple Flag stream and its impact on depreciation and EBITDA? A: Barrie Van Der Merwe, CFO, clarified that the depreciation and amortization (D&A) associated with the stream is reflected in the accounts. The stream impacts revenue and interest, and further details can be discussed offline for clarity. Q: With the DRP reinstated, are there plans to accelerate growth opportunities? A: Lawrence Conway, CEO, stated that the DRP is not linked to funding growth projects. The balance sheet is deleveraging quickly, and the company has the capacity to fund growth projects without relying on the DRP. Q: How does the company plan to manage capital investment and dividends given the current high gold price environment? A: Jacob Klein emphasized the importance of judicious capital allocation. The company will invest in organic growth opportunities that deliver good returns at a long-term gold price, while continuing to increase dividends. Q: What are the expectations for the Mount Rawdon Pumped Hydro project in light of recent government policy changes? A: Jacob Klein noted that storage is key to renewable energy solutions, and Mount Rawdon is a cost-effective project. The Queensland government remains committed to renewable energy, and the project is expected to be an important part of the state's energy strategy. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
