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

FRA:3E2 • US29786A1060

Current stock price

46.51 EUR
+1.92 (+4.31%)
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

  • 3E2 had positive earnings in the past year.
  • 3E2 had a positive operating cash flow in the past year.
  • Of the past 5 years 3E2 4 years were profitable.
  • 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

  • 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

  • 3E2 has a Profit Margin of 5.65%. This is in the lower half of the industry: 3E2 underperforms 66.67% of its industry peers.
  • In the last couple of years the Profit Margin of 3E2 has declined.
  • 3E2 has a Operating Margin of 12.76%. This is amongst the best in the industry. 3E2 outperforms 91.67% of its industry peers.
  • In the last couple of years the Operating Margin of 3E2 has declined.
  • 3E2's Gross Margin of 71.64% 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 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

  • 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
  • Compared to 5 years ago, 3E2 has less shares outstanding
  • The debt/assets ratio for 3E2 is higher compared to a year ago.
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 1.31, we must say that 3E2 is in the distress zone and has some risk of bankruptcy.
  • 3E2 has a worse Altman-Z score (1.31) than 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.
  • Looking at the Debt to FCF ratio, with a value of 4.82, 3E2 is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 4.82
Altman-Z 1.31
ROIC/WACC1.74
WACC7.01%
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.
  • 3E2 has a Current ratio of 1.44. This is in the better half of the industry: 3E2 outperforms 75.00% of its industry peers.
  • 3E2 has a Quick 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.
  • 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%.
  • 3E2 shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -3.17% yearly.
  • Looking at the last year, 3E2 shows a small growth in Revenue. The Revenue has grown by 2.68% in the last year.
  • 3E2 shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 10.81% yearly.
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

  • Based on estimates for the next years, 3E2 will show a very strong growth in Earnings Per Share. The EPS will grow by 33.98% on average per year.
  • 3E2 is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.43% yearly.
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

  • The EPS growth rate is accelerating: in the next years the growth will be better 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.
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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5

4. 3E2.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • 3E2 is valuated rather expensively with a Price/Earnings ratio of 23.73.
  • 3E2's Price/Earnings ratio is in line with the industry average.
  • The average S&P500 Price/Earnings ratio is at 26.91. 3E2 is around the same levels.
  • Based on the Price/Forward Earnings ratio of 17.06, the valuation of 3E2 can be described as rather expensive.
  • The rest of the industry has a similar Price/Forward Earnings ratio as 3E2.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 23.69, 3E2 is valued a bit cheaper.
Industry RankSector Rank
PE 23.73
Fwd PE 17.06
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

  • 3E2's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. 3E2 is cheaper than 83.33% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, 3E2 is valued cheaper than 91.67% of the companies in the same industry.
Industry RankSector Rank
P/FCF 8.2
EV/EBITDA 12.4
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.
  • A more expensive valuation may be justified as 3E2's earnings are expected to grow with 21.86% in the coming years.
PEG (NY)0.6
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

  • No dividends for 3E2!.
Industry RankSector Rank
Dividend Yield 0%

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

ETSY INC

FRA:3E2 (4/8/2026, 7:00:00 PM)

46.51

+1.92 (+4.31%)

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 Cap4.48B
Revenue(TTM)2.88B
Net Income(TTM)162.98M
Analysts69.23
Price Target57.32 (23.24%)
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 23.73
Fwd PE 17.06
P/S 1.82
P/FCF 8.2
P/OCF 7.56
P/B N/A
P/tB N/A
EV/EBITDA 12.4
EPS(TTM)1.96
EY4.21%
EPS(NY)2.73
Fwd EY5.86%
FCF(TTM)5.67
FCFY12.19%
OCF(TTM)6.15
OCFY13.23%
SpS25.59
BVpS-9.75
TBVpS-12.72
PEG (NY)0.6
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 1.31
F-Score5
WACC7.01%
ROIC/WACC1.74
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.