ETSY INC (3E2.DE) Fundamental Analysis & Valuation

FRA:3E2 • US29786A1060

Current stock price

43.19 EUR
+0.94 (+2.22%)
Last:

This 3E2.DE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

5

1. 3E2.DE Profitability Analysis

1.1 Basic Checks

  • In the past year 3E2 was profitable.
  • In the past year 3E2 had a positive cash flow from operations.
  • Of the past 5 years 3E2 4 years were profitable.
  • Each year in the past 5 years 3E2 had a positive operating cash flow.
3E2.DE Yearly Net Income VS EBIT VS OCF VS FCF3E2.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M -500M

1.2 Ratios

  • With a Return On Assets value of 5.76%, 3E2 perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
  • 3E2 has a Return On Invested Capital of 12.18%. This is in the better half of the industry: 3E2 outperforms 66.67% of its industry peers.
  • 3E2 had an Average Return On Invested Capital over the past 3 years of 13.54%. This is above the industry average of 9.16%.
Industry RankSector Rank
ROA 5.76%
ROE N/A
ROIC 12.18%
ROA(3y)9.92%
ROA(5y)3.26%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)13.54%
ROIC(5y)12.85%
3E2.DE Yearly ROA, ROE, ROIC3E2.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50 -50 100

1.3 Margins

  • With a Profit Margin value of 5.65%, 3E2 is not doing good in the industry: 66.67% of the companies in the same industry are doing better.
  • 3E2's Profit Margin has declined in the last couple of years.
  • The Operating Margin of 3E2 (12.76%) is better than 91.67% of its industry peers.
  • 3E2's Operating Margin has declined in the last couple of years.
  • 3E2 has a better Gross Margin (71.64%) than 100.00% of its industry peers.
  • In the last couple of years the Gross Margin of 3E2 has remained more or less at the same level.
Industry RankSector Rank
OM 12.76%
PM (TTM) 5.65%
GM 71.64%
OM growth 3Y-5.38%
OM growth 5Y-12.28%
PM growth 3YN/A
PM growth 5Y-22.52%
GM growth 3Y0.31%
GM growth 5Y-0.39%
3E2.DE Yearly Profit, Operating, Gross Margins3E2.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 40 60

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4

2. 3E2.DE Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so 3E2 is creating value.
  • 3E2 has less shares outstanding than it did 1 year ago.
  • The number of shares outstanding for 3E2 has been reduced compared to 5 years ago.
  • Compared to 1 year ago, 3E2 has a worse debt to assets ratio.
3E2.DE Yearly Shares Outstanding3E2.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M 100M
3E2.DE Yearly Total Debt VS Total Assets3E2.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B

2.2 Solvency

  • 3E2 has an Altman-Z score of 1.24. This is a bad value and indicates that 3E2 is not financially healthy and even has some risk of bankruptcy.
  • 3E2 has a Altman-Z score of 1.24. This is amonst the worse of the industry: 3E2 underperforms 83.33% of its industry peers.
  • 3E2 has a debt to FCF ratio of 4.82. This is a neutral value as 3E2 would need 4.82 years to pay back of all of its debts.
  • 3E2's Debt to FCF ratio of 4.82 is fine compared to the rest of the industry. 3E2 outperforms 66.67% of its industry peers.
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 4.82
Altman-Z 1.24
ROIC/WACC1.76
WACC6.92%
3E2.DE Yearly LT Debt VS Equity VS FCF3E2.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B -1B 2B

2.3 Liquidity

  • 3E2 has a Current Ratio of 1.44. This is a normal value and indicates that 3E2 is financially healthy and should not expect problems in meeting its short term obligations.
  • The Current ratio of 3E2 (1.44) is better than 75.00% of its industry peers.
  • A Quick Ratio of 1.44 indicates that 3E2 should not have too much problems paying its short term obligations.
  • With a decent Quick ratio value of 1.44, 3E2 is doing good in the industry, outperforming 75.00% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.44
Quick Ratio 1.44
3E2.DE Yearly Current Assets VS Current Liabilites3E2.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B

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4

3. 3E2.DE Growth Analysis

3.1 Past

  • 3E2 shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -3.38%.
  • Measured over the past years, 3E2 shows a decrease in Earnings Per Share. The EPS has been decreasing by -3.17% on average per year.
  • Looking at the last year, 3E2 shows a small growth in Revenue. The Revenue has grown by 2.68% in the last year.
  • The Revenue has been growing by 10.81% on average over the past years. This is quite good.
EPS 1Y (TTM)-3.38%
EPS 3YN/A
EPS 5Y-3.17%
EPS Q2Q%-10.68%
Revenue 1Y (TTM)2.68%
Revenue growth 3Y3.96%
Revenue growth 5Y10.81%
Sales Q2Q%3.46%

3.2 Future

  • 3E2 is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 33.98% yearly.
  • Based on estimates for the next years, 3E2 will show a small growth in Revenue. The Revenue will grow by 2.43% on average per year.
EPS Next Y39.37%
EPS Next 2Y25.48%
EPS Next 3Y21.86%
EPS Next 5Y33.98%
Revenue Next Year-5.2%
Revenue Next 2Y-0.99%
Revenue Next 3Y0.54%
Revenue Next 5Y2.43%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
3E2.DE Yearly Revenue VS Estimates3E2.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 1B 2B 3B 4B 5B
3E2.DE Yearly EPS VS Estimates3E2.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 5 -5

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6

4. 3E2.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 21.70 indicates a rather expensive valuation of 3E2.
  • The rest of the industry has a similar Price/Earnings ratio as 3E2.
  • Compared to an average S&P500 Price/Earnings ratio of 26.21, 3E2 is valued at the same level.
  • With a Price/Forward Earnings ratio of 15.60, 3E2 is valued correctly.
  • 3E2's Price/Forward Earnings is on the same level as the industry average.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 23.13, 3E2 is valued a bit cheaper.
Industry RankSector Rank
PE 21.7
Fwd PE 15.6
3E2.DE Price Earnings VS Forward Price Earnings3E2.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, 3E2 is valued cheaper than 83.33% of the companies in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of 3E2 indicates a rather cheap valuation: 3E2 is cheaper than 100.00% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 7.5
EV/EBITDA 11.44
3E2.DE Per share data3E2.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 -10 20

4.3 Compensation for Growth

  • 3E2's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • 3E2's earnings are expected to grow with 21.86% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.55
PEG (5Y)N/A
EPS Next 2Y25.48%
EPS Next 3Y21.86%

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0

5. 3E2.DE Dividend Analysis

5.1 Amount

  • 3E2 does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

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3E2.DE Fundamentals: All Metrics, Ratios and Statistics

ETSY INC

FRA:3E2 (4/1/2026, 7:00:00 PM)

43.19

+0.94 (+2.22%)

Chartmill FA Rating
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustryBroadline Retail
Earnings (Last)02-19
Earnings (Next)04-28
Inst Owners120.78%
Inst Owner ChangeN/A
Ins Owners1.11%
Ins Owner ChangeN/A
Market Cap4.16B
Revenue(TTM)2.88B
Net Income(TTM)162.98M
Analysts69.23
Price Target57.32 (32.72%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector 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)2
Avg EPS beat(2)12.31%
Min EPS beat(2)7.17%
Max EPS beat(2)17.46%
EPS beat(4)2
Avg EPS beat(4)-6.51%
Min EPS beat(4)-42.84%
Max EPS beat(4)17.46%
EPS beat(8)3
Avg EPS beat(8)-5.99%
EPS beat(12)5
Avg EPS beat(12)-3.62%
EPS beat(16)6
Avg EPS beat(16)-133.74%
Revenue beat(2)1
Avg Revenue beat(2)-0.44%
Min Revenue beat(2)-2.32%
Max Revenue beat(2)1.44%
Revenue beat(4)2
Avg Revenue beat(4)0.09%
Min Revenue beat(4)-2.32%
Max Revenue beat(4)1.89%
Revenue beat(8)3
Avg Revenue beat(8)-0.55%
Revenue beat(12)4
Avg Revenue beat(12)-0.56%
Revenue beat(16)7
Avg Revenue beat(16)0.23%
PT rev (1m)0%
PT rev (3m)-10.77%
EPS NQ rev (1m)-3.56%
EPS NQ rev (3m)38.11%
EPS NY rev (1m)23.09%
EPS NY rev (3m)22.16%
Revenue NQ rev (1m)-0.43%
Revenue NQ rev (3m)-6.68%
Revenue NY rev (1m)-7.83%
Revenue NY rev (3m)-7.92%
Valuation
Industry RankSector Rank
PE 21.7
Fwd PE 15.6
P/S 1.66
P/FCF 7.5
P/OCF 6.91
P/B N/A
P/tB N/A
EV/EBITDA 11.44
EPS(TTM)1.99
EY4.61%
EPS(NY)2.77
Fwd EY6.41%
FCF(TTM)5.76
FCFY13.33%
OCF(TTM)6.25
OCFY14.47%
SpS25.99
BVpS-9.9
TBVpS-12.92
PEG (NY)0.55
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA 5.76%
ROE N/A
ROCE 25.14%
ROIC 12.18%
ROICexc 52.23%
ROICexgc 163.61%
OM 12.76%
PM (TTM) 5.65%
GM 71.64%
FCFM 22.15%
ROA(3y)9.92%
ROA(5y)3.26%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)13.54%
ROIC(5y)12.85%
ROICexc(3y)40.44%
ROICexc(5y)33.69%
ROICexgc(3y)147.39%
ROICexgc(5y)148.29%
ROCE(3y)21.93%
ROCE(5y)19.91%
ROICexgc growth 3Y-1.4%
ROICexgc growth 5YN/A
ROICexc growth 3Y17.12%
ROICexc growth 5Y-13.15%
OM growth 3Y-5.38%
OM growth 5Y-12.28%
PM growth 3YN/A
PM growth 5Y-22.52%
GM growth 3Y0.31%
GM growth 5Y-0.39%
F-Score5
Asset Turnover1.02
Health
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 4.82
Debt/EBITDA 6.55
Cap/Depr 53.67%
Cap/Sales 1.9%
Interest Coverage 30.07
Cash Conversion 147.61%
Profit Quality 391.91%
Current Ratio 1.44
Quick Ratio 1.44
Altman-Z 1.24
F-Score5
WACC6.92%
ROIC/WACC1.76
Cap/Depr(3y)45.87%
Cap/Depr(5y)43.33%
Cap/Sales(3y)1.63%
Cap/Sales(5y)1.53%
Profit Quality(3y)280.7%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-3.38%
EPS 3YN/A
EPS 5Y-3.17%
EPS Q2Q%-10.68%
EPS Next Y39.37%
EPS Next 2Y25.48%
EPS Next 3Y21.86%
EPS Next 5Y33.98%
Revenue 1Y (TTM)2.68%
Revenue growth 3Y3.96%
Revenue growth 5Y10.81%
Sales Q2Q%3.46%
Revenue Next Year-5.2%
Revenue Next 2Y-0.99%
Revenue Next 3Y0.54%
Revenue Next 5Y2.43%
EBIT growth 1Y-3.23%
EBIT growth 3Y-1.63%
EBIT growth 5Y-2.8%
EBIT Next Year182.9%
EBIT Next 3Y45.79%
EBIT Next 5Y28.81%
FCF growth 1Y-9.9%
FCF growth 3Y-0.4%
FCF growth 5Y-0.98%
OCF growth 1Y-7.85%
OCF growth 3Y0.48%
OCF growth 5Y0.42%

ETSY INC / 3E2.DE Fundamental Analysis FAQ

What is the fundamental rating for 3E2 stock?

ChartMill assigns a fundamental rating of 4 / 10 to 3E2.DE.


What is the valuation status of ETSY INC (3E2.DE) stock?

ChartMill assigns a valuation rating of 6 / 10 to ETSY INC (3E2.DE). This can be considered as Fairly Valued.


How profitable is ETSY INC (3E2.DE) stock?

ETSY INC (3E2.DE) has a profitability rating of 5 / 10.


What is the financial health of ETSY INC (3E2.DE) stock?

The financial health rating of ETSY INC (3E2.DE) is 4 / 10.


What is the expected EPS growth for ETSY INC (3E2.DE) stock?

The Earnings per Share (EPS) of ETSY INC (3E2.DE) is expected to grow by 39.37% in the next year.