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

FRA:3E2 • US29786A1060

Current stock price

42.25 EUR
-3.09 (-6.82%)
Last:

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

6

1. 3E2.DE Profitability Analysis

1.1 Basic Checks

  • In the past year 3E2 was profitable.
  • 3E2 had a positive operating cash flow in the past year.
  • 3E2 had positive earnings in 4 of the past 5 years.
  • In the past 5 years 3E2 always reported a positive cash flow from operatings.
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

  • 3E2's Return On Assets of 5.76% is in line compared to the rest of the industry. 3E2 outperforms 46.15% of its industry peers.
  • With a decent Return On Invested Capital value of 12.18%, 3E2 is doing good in the industry, outperforming 76.92% of the companies in the same industry.
  • 3E2 had an Average Return On Invested Capital over the past 3 years of 13.54%. This is significantly above the industry average of 7.97%.
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

  • Looking at the Profit Margin, with a value of 5.65%, 3E2 is in line with its industry, outperforming 46.15% of the companies in the same industry.
  • In the last couple of years the Profit Margin of 3E2 has declined.
  • The Operating Margin of 3E2 (12.76%) is better than 92.31% of its industry peers.
  • 3E2's Operating Margin has declined in the last couple of years.
  • Looking at the Gross Margin, with a value of 71.64%, 3E2 belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
  • 3E2's Gross Margin has been stable in the last couple of years.
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.
  • 3E2 has a worse debt/assets ratio than last year.
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

  • Based on the Altman-Z score of 1.30, we must say that 3E2 is in the distress zone and has some risk of bankruptcy.
  • 3E2's Altman-Z score of 1.30 is on the low side compared to the rest of the industry. 3E2 is outperformed by 69.23% 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.
  • With a decent Debt to FCF ratio value of 4.82, 3E2 is doing good in the industry, outperforming 76.92% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 4.82
Altman-Z 1.3
ROIC/WACC1.71
WACC7.13%
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

  • A Current Ratio of 1.44 indicates that 3E2 should not have too much problems paying its short term obligations.
  • 3E2's Current ratio of 1.44 is fine compared to the rest of the industry. 3E2 outperforms 76.92% of its industry peers.
  • A Quick Ratio of 1.44 indicates that 3E2 should not have too much problems paying its short term obligations.
  • 3E2's Quick ratio of 1.44 is fine compared to the rest of the industry. 3E2 outperforms 76.92% of its industry peers.
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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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. 3E2.DE Growth Analysis

3.1 Past

  • The earnings per share for 3E2 have decreased by -3.38% in the last year.
  • The Earnings Per Share has been decreasing by -3.17% on average over the past years.
  • The Revenue has been growing slightly by 2.68% in the past year.
  • Measured over the past years, 3E2 shows a quite strong growth in Revenue. The Revenue has been growing by 10.81% on average per year.
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

  • The Earnings Per Share is expected to grow by 33.98% on average over the next years. This is a very strong growth
  • The Revenue is expected to grow by 2.43% on average over the next years.
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.
  • 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.
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 21.23 indicates a rather expensive valuation of 3E2.
  • 3E2's Price/Earnings ratio is in line with the industry average.
  • When comparing the Price/Earnings ratio of 3E2 to the average of the S&P500 Index (25.58), we can say 3E2 is valued inline with the index average.
  • Based on the Price/Forward Earnings ratio of 15.25, the valuation of 3E2 can be described as correct.
  • 3E2's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. 3E2 is cheaper than 61.54% of the companies in the same industry.
  • 3E2's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 22.81.
Industry RankSector Rank
PE 21.23
Fwd PE 15.25
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

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of 3E2 indicates a somewhat cheap valuation: 3E2 is cheaper than 76.92% of the companies listed 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 92.31% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 7.33
EV/EBITDA 12.18
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

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • The decent profitability rating of 3E2 may justify a higher PE ratio.
  • 3E2's earnings are expected to grow with 21.86% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.54
PEG (5Y)N/A
EPS Next 2Y25.48%
EPS Next 3Y21.86%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

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 (3/30/2026, 7:00:00 PM)

42.25

-3.09 (-6.82%)

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 Cap4.07B
Revenue(TTM)2.88B
Net Income(TTM)162.98M
Analysts69.23
Price Target57.32 (35.67%)
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 21.23
Fwd PE 15.25
P/S 1.62
P/FCF 7.33
P/OCF 6.75
P/B N/A
P/tB N/A
EV/EBITDA 12.18
EPS(TTM)1.99
EY4.71%
EPS(NY)2.77
Fwd EY6.56%
FCF(TTM)5.76
FCFY13.64%
OCF(TTM)6.26
OCFY14.81%
SpS26.01
BVpS-9.91
TBVpS-12.93
PEG (NY)0.54
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 1.3
F-Score5
WACC7.13%
ROIC/WACC1.71
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 5 / 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 6 / 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.