ETSY INC (3E2.DE) Stock Fundamental Analysis
Europe - Frankfurt Stock Exchange - FRA:3E2 - US29786A1060 - Common Stock
51.51 EUR
-3.54 (-6.43%)
We assign a fundamental rating of 5 out of 10 to 3E2. 3E2 was compared to 13 industry peers in the Broadline Retail industry. 3E2 has an average financial health and profitability rating. 3E2 is showing excellent growth while it is valued at reasonable prices. Keep and eye on this one! These ratings could make 3E2 a good candidate for growth investing.
1. Profitability
1.1 Basic Checks
- 3E2 had positive earnings in the past year.
- In the past year 3E2 had a positive cash flow from operations.
- 3E2 had positive earnings in 4 of the past 5 years.
- 3E2 had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- 3E2 has a worse Return On Assets (6.41%) than 61.54% of its industry peers.
- With a decent Return On Invested Capital value of 14.18%, 3E2 is doing good in the industry, outperforming 76.92% of the companies in the same industry.
- Measured over the past 3 years, the Average Return On Invested Capital for 3E2 is significantly above the industry average of 9.73%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.41% | ||
| ROE | N/A | ||
| ROIC | 14.18% |
ROA(3y)-0.78%
ROA(5y)5.01%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)14.75%
ROIC(5y)14.2%
1.3 Margins
- 3E2 has a Profit Margin of 5.78%. This is in the lower half of the industry: 3E2 underperforms 61.54% of its industry peers.
- In the last couple of years the Profit Margin of 3E2 has declined.
- With an excellent Operating Margin value of 14.01%, 3E2 belongs to the best of the industry, outperforming 92.31% of the companies in the same industry.
- 3E2's Operating Margin has improved in the last couple of years.
- 3E2's Gross Margin of 72.20% is amongst the best of the industry. 3E2 outperforms 100.00% of its industry peers.
- In the last couple of years the Gross Margin of 3E2 has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 14.01% | ||
| PM (TTM) | 5.78% | ||
| GM | 72.2% |
OM growth 3Y-12.19%
OM growth 5Y4.53%
PM growth 3Y-20.12%
PM growth 5Y-1.62%
GM growth 3Y0.24%
GM growth 5Y1.61%
2. Health
2.1 Basic Checks
- With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), 3E2 is creating value.
- Compared to 1 year ago, 3E2 has less shares outstanding
- 3E2 has less shares outstanding than it did 5 years ago.
- Compared to 1 year ago, 3E2 has a worse debt to assets ratio.
2.2 Solvency
- An Altman-Z score of 1.86 indicates that 3E2 is not a great score, but indicates only limited risk for bankruptcy at the moment.
- The Altman-Z score of 3E2 (1.86) is worse than 69.23% of its industry peers.
- 3E2 has a debt to FCF ratio of 4.85. This is a neutral value as 3E2 would need 4.85 years to pay back of all of its debts.
- 3E2 has a Debt to FCF ratio (4.85) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | N/A | ||
| Debt/FCF | 4.85 | ||
| Altman-Z | 1.86 |
ROIC/WACC1.96
WACC7.24%
2.3 Liquidity
- 3E2 has a Current Ratio of 3.39. This indicates that 3E2 is financially healthy and has no problem in meeting its short term obligations.
- With a decent Current ratio value of 3.39, 3E2 is doing good in the industry, outperforming 76.92% of the companies in the same industry.
- A Quick Ratio of 3.39 indicates that 3E2 has no problem at all paying its short term obligations.
- 3E2 has a Quick ratio of 3.39. This is amongst the best in the industry. 3E2 outperforms 84.62% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.39 | ||
| Quick Ratio | 3.39 |
3. Growth
3.1 Past
- The Earnings Per Share has grown by an impressive 22.45% over the past year.
- The Earnings Per Share has been growing by 25.54% on average over the past years. This is a very strong growth
- The Revenue has been growing slightly by 2.18% in the past year.
- 3E2 shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 27.97% yearly.
EPS 1Y (TTM)22.45%
EPS 3Y-11.42%
EPS 5Y25.54%
EPS Q2Q%40%
Revenue 1Y (TTM)2.18%
Revenue growth 3Y6.44%
Revenue growth 5Y27.97%
Sales Q2Q%2.36%
3.2 Future
- The Earnings Per Share is expected to grow by 26.09% on average over the next years. This is a very strong growth
- Based on estimates for the next years, 3E2 will show a small growth in Revenue. The Revenue will grow by 4.73% on average per year.
EPS Next Y-45.19%
EPS Next 2Y4.99%
EPS Next 3Y8.68%
EPS Next 5Y26.09%
Revenue Next Year2.33%
Revenue Next 2Y2.64%
Revenue Next 3Y3.71%
Revenue Next 5Y4.73%
3.3 Evolution
- The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
- 3E2 is valuated quite expensively with a Price/Earnings ratio of 25.13.
- Compared to the rest of the industry, the Price/Earnings ratio of 3E2 is on the same level as its industry peers.
- The average S&P500 Price/Earnings ratio is at 26.94. 3E2 is around the same levels.
- A Price/Forward Earnings ratio of 23.12 indicates a rather expensive valuation of 3E2.
- Based on the Price/Forward Earnings ratio, 3E2 is valued a bit cheaper than the industry average as 61.54% of the companies are valued more expensively.
- When comparing the Price/Forward Earnings ratio of 3E2 to the average of the S&P500 Index (23.94), we can say 3E2 is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.13 | ||
| Fwd PE | 23.12 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, 3E2 is valued a bit cheaper than 76.92% of the companies in the same industry.
- Based on the Price/Free Cash Flow ratio, 3E2 is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.4 | ||
| EV/EBITDA | 14.66 |
4.3 Compensation for Growth
- 3E2 has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.98
EPS Next 2Y4.99%
EPS Next 3Y8.68%
5. Dividend
5.1 Amount
- 3E2 does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
FRA:3E2 (1/20/2026, 7:00:00 PM)
51.51
-3.54 (-6.43%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustryBroadline Retail
Earnings (Last)10-29 2025-10-29/bmo
Earnings (Next)02-17 2026-02-17/amc
Inst Owners127.45%
Inst Owner ChangeN/A
Ins Owners1.06%
Ins Owner ChangeN/A
Market Cap5.08B
Revenue(TTM)2.81B
Net Income(TTM)164.02M
Analysts68
Price Target59.19 (14.91%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-25.34%
Min EPS beat(2)-42.84%
Max EPS beat(2)-7.84%
EPS beat(4)1
Avg EPS beat(4)-14.75%
Min EPS beat(4)-42.84%
Max EPS beat(4)8.16%
EPS beat(8)2
Avg EPS beat(8)-8.3%
EPS beat(12)3
Avg EPS beat(12)-185.33%
EPS beat(16)6
Avg EPS beat(16)-132.18%
Revenue beat(2)1
Avg Revenue beat(2)0.61%
Min Revenue beat(2)-0.66%
Max Revenue beat(2)1.89%
Revenue beat(4)1
Avg Revenue beat(4)-0.6%
Min Revenue beat(4)-3.17%
Max Revenue beat(4)1.89%
Revenue beat(8)2
Avg Revenue beat(8)-0.8%
Revenue beat(12)5
Avg Revenue beat(12)0.22%
Revenue beat(16)8
Avg Revenue beat(16)0.48%
PT rev (1m)-7.86%
PT rev (3m)22.47%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0.77%
EPS NY rev (1m)-0.34%
EPS NY rev (3m)-3.86%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.07%
Revenue NY rev (1m)-0.03%
Revenue NY rev (3m)1.59%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.13 | ||
| Fwd PE | 23.12 | ||
| P/S | 2.1 | ||
| P/FCF | 9.4 | ||
| P/OCF | 8.65 | ||
| P/B | N/A | ||
| P/tB | N/A | ||
| EV/EBITDA | 14.66 |
EPS(TTM)2.05
EY3.98%
EPS(NY)2.23
Fwd EY4.32%
FCF(TTM)5.48
FCFY10.64%
OCF(TTM)5.96
OCFY11.57%
SpS24.52
BVpS-9.71
TBVpS-12.78
PEG (NY)N/A
PEG (5Y)0.98
Graham NumberN/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.41% | ||
| ROE | N/A | ||
| ROCE | 19.21% | ||
| ROIC | 14.18% | ||
| ROICexc | 44.6% | ||
| ROICexgc | 96.8% | ||
| OM | 14.01% | ||
| PM (TTM) | 5.78% | ||
| GM | 72.2% | ||
| FCFM | 22.36% |
ROA(3y)-0.78%
ROA(5y)5.01%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)14.75%
ROIC(5y)14.2%
ROICexc(3y)35.74%
ROICexc(5y)46.84%
ROICexgc(3y)158.04%
ROICexgc(5y)N/A
ROCE(3y)19.98%
ROCE(5y)19.24%
ROICexgc growth 3Y8.44%
ROICexgc growth 5Y39.3%
ROICexc growth 3Y36.7%
ROICexc growth 5Y26.36%
OM growth 3Y-12.19%
OM growth 5Y4.53%
PM growth 3Y-20.12%
PM growth 5Y-1.62%
GM growth 3Y0.24%
GM growth 5Y1.61%
F-Score6
Asset Turnover1.11
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | N/A | ||
| Debt/FCF | 4.85 | ||
| Debt/EBITDA | 6.08 | ||
| Cap/Depr | 51.55% | ||
| Cap/Sales | 1.94% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 136.69% | ||
| Profit Quality | 386.93% | ||
| Current Ratio | 3.39 | ||
| Quick Ratio | 3.39 | ||
| Altman-Z | 1.86 |
F-Score6
WACC7.24%
ROIC/WACC1.96
Cap/Depr(3y)40.81%
Cap/Depr(5y)35.34%
Cap/Sales(3y)1.48%
Cap/Sales(5y)1.24%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)22.45%
EPS 3Y-11.42%
EPS 5Y25.54%
EPS Q2Q%40%
EPS Next Y-45.19%
EPS Next 2Y4.99%
EPS Next 3Y8.68%
EPS Next 5Y26.09%
Revenue 1Y (TTM)2.18%
Revenue growth 3Y6.44%
Revenue growth 5Y27.97%
Sales Q2Q%2.36%
Revenue Next Year2.33%
Revenue Next 2Y2.64%
Revenue Next 3Y3.71%
Revenue Next 5Y4.73%
EBIT growth 1Y7.82%
EBIT growth 3Y-6.54%
EBIT growth 5Y33.76%
EBIT Next Year94.66%
EBIT Next 3Y28.55%
EBIT Next 5Y20.34%
FCF growth 1Y-2.92%
FCF growth 3Y4.49%
FCF growth 5Y30.17%
OCF growth 1Y-0.07%
OCF growth 3Y4.91%
OCF growth 5Y29.46%
ETSY INC / 3E2.DE FAQ
What is the fundamental rating for 3E2 stock?
ChartMill assigns a fundamental rating of 5 / 10 to 3E2.DE.
What is the valuation status of ETSY INC (3E2.DE) stock?
ChartMill assigns a valuation rating of 4 / 10 to ETSY INC (3E2.DE). This can be considered as Fairly Valued.
What is the profitability of 3E2 stock?
ETSY INC (3E2.DE) has a profitability rating of 6 / 10.
What are the PE and PB ratios of ETSY INC (3E2.DE) stock?
The Price/Earnings (PE) ratio for ETSY INC (3E2.DE) is 25.13 and the Price/Book (PB) ratio is -5.3.