ETSY INC (3E2.DE) Stock Fundamental Analysis
FRA:3E2 - Deutsche Boerse Ag - US29786A1060 - Common Stock - Currency: EUR
Overall 3E2 gets a fundamental rating of 6 out of 10. We evaluated 3E2 against 10 industry peers in the Broadline Retail industry. 3E2 scores excellent on profitability, but there are some minor concerns on its financial health. 3E2 has a decent growth rate and is not valued too expensively.
1. Profitability
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.
1.2 Ratios
3E2 has a better Return On Assets (12.54%) than 100.00% of its industry peers.
3E2's Return On Invested Capital of 16.02% is amongst the best of the industry. 3E2 outperforms 92.31% of its industry peers.
3E2 had an Average Return On Invested Capital over the past 3 years of 14.75%. This is significantly above the industry average of 9.48%.
The last Return On Invested Capital (16.02%) for 3E2 is above the 3 year average (14.75%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 12.54% | ||
| ROE | N/A | ||
| ROIC | 16.02% |
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
The Profit Margin of 3E2 (10.80%) is better than 69.23% of its industry peers.
3E2's Profit Margin has declined in the last couple of years.
With an excellent Operating Margin value of 13.54%, 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.
The Gross Margin of 3E2 (72.42%) is better than 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 | 13.54% | ||
| PM (TTM) | 10.8% | ||
| GM | 72.42% |
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.
The number of shares outstanding for 3E2 has been reduced compared to 1 year ago.
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 1.87 indicates that 3E2 is not a great score, but indicates only limited risk for bankruptcy at the moment.
3E2 has a Altman-Z score of 1.87. This is in the lower half of the industry: 3E2 underperforms 69.23% of its industry peers.
The Debt to FCF ratio of 3E2 is 3.37, which is a good value as it means it would take 3E2, 3.37 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 3.37, 3E2 is in the better half of the industry, outperforming 69.23% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | N/A | ||
| Debt/FCF | 3.37 | ||
| Altman-Z | 1.87 |
ROIC/WACC2.02
WACC7.94%
2.3 Liquidity
3E2 has a Current Ratio of 2.00. This is a normal value and indicates that 3E2 is financially healthy and should not expect problems in meeting its short term obligations.
3E2's Current ratio of 2.00 is fine compared to the rest of the industry. 3E2 outperforms 76.92% of its industry peers.
A Quick Ratio of 2.00 indicates that 3E2 should not have too much problems paying its short term obligations.
The Quick ratio of 3E2 (2.00) is better than 76.92% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2 | ||
| Quick Ratio | 2 |
3. Growth
3.1 Past
3E2 shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 6.82%.
The Earnings Per Share has been growing by 25.54% on average over the past years. This is a very strong growth
Looking at the last year, 3E2 shows a small growth in Revenue. The Revenue has grown by 2.18% in the last year.
The Revenue has been growing by 27.97% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)6.82%
EPS 3Y-11.42%
EPS 5Y25.54%
EPS Q2Q%-4.17%
Revenue 1Y (TTM)2.18%
Revenue growth 3Y6.44%
Revenue growth 5Y27.97%
Sales Q2Q%0.81%
3.2 Future
The Earnings Per Share is expected to grow by 25.97% 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 5.04% on average per year.
EPS Next Y7.39%
EPS Next 2Y9.16%
EPS Next 3Y11.58%
EPS Next 5Y25.97%
Revenue Next Year-1.11%
Revenue Next 2Y0.83%
Revenue Next 3Y2.42%
Revenue Next 5Y5.04%
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 stable.
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
The Price/Earnings ratio is 19.35, which indicates a rather expensive current valuation of 3E2.
3E2's Price/Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Earnings ratio of 27.30, 3E2 is valued a bit cheaper.
The Price/Forward Earnings ratio is 16.09, which indicates a correct valuation of 3E2.
3E2's Price/Forward Earnings ratio is in line with the industry average.
The average S&P500 Price/Forward Earnings ratio is at 21.76. 3E2 is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.35 | ||
| Fwd PE | 16.09 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, 3E2 is valued a bit cheaper than 69.23% of the companies in the same industry.
100.00% of the companies in the same industry are more expensive than 3E2, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.7 | ||
| EV/EBITDA | 12.03 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates 3E2 does not grow enough to justify the current Price/Earnings ratio.
The excellent profitability rating of 3E2 may justify a higher PE ratio.
PEG (NY)2.62
PEG (5Y)0.76
EPS Next 2Y9.16%
EPS Next 3Y11.58%
5. Dividend
5.1 Amount
No dividends for 3E2!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
FRA:3E2 (4/22/2025, 7:00:00 PM)
40.06
+1.68 (+4.36%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustryBroadline Retail
Earnings (Last)
Earnings (Next)
Inst Owners112.17%
Inst Owner ChangeN/A
Ins Owners0.9%
Ins Owner ChangeN/A
Market Cap4.19B
Analysts67.8
Price Target48.33 (20.64%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
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)1
Avg EPS beat(2)-4.16%
Min EPS beat(2)-16.48%
Max EPS beat(2)8.16%
EPS beat(4)1
Avg EPS beat(4)-5.47%
Min EPS beat(4)-16.48%
Max EPS beat(4)8.16%
EPS beat(8)3
Avg EPS beat(8)-2.18%
EPS beat(12)4
Avg EPS beat(12)-176.2%
EPS beat(16)8
Avg EPS beat(16)-127.99%
Revenue beat(2)0
Avg Revenue beat(2)-1.82%
Min Revenue beat(2)-3.17%
Max Revenue beat(2)-0.47%
Revenue beat(4)1
Avg Revenue beat(4)-1.19%
Min Revenue beat(4)-3.17%
Max Revenue beat(4)0.88%
Revenue beat(8)2
Avg Revenue beat(8)-0.88%
Revenue beat(12)5
Avg Revenue beat(12)0.28%
Revenue beat(16)8
Avg Revenue beat(16)0.45%
PT rev (1m)-9.86%
PT rev (3m)-20.29%
EPS NQ rev (1m)-0.09%
EPS NQ rev (3m)-3.03%
EPS NY rev (1m)-1.02%
EPS NY rev (3m)-3.38%
Revenue NQ rev (1m)-0.07%
Revenue NQ rev (3m)-2.58%
Revenue NY rev (1m)-0.94%
Revenue NY rev (3m)-3.56%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.35 | ||
| Fwd PE | 16.09 | ||
| P/S | 1.69 | ||
| P/FCF | 6.7 | ||
| P/OCF | 6.32 | ||
| P/B | N/A | ||
| P/tB | N/A | ||
| EV/EBITDA | 12.03 |
EPS(TTM)2.07
EY5.17%
EPS(NY)2.49
Fwd EY6.21%
FCF(TTM)5.98
FCFY14.92%
OCF(TTM)6.34
OCFY15.83%
SpS23.67
BVpS-6.4
TBVpS-11.04
PEG (NY)2.62
PEG (5Y)0.76
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 12.54% | ||
| ROE | N/A | ||
| ROCE | 21.69% | ||
| ROIC | 16.02% | ||
| ROICexc | 39.36% | ||
| ROICexgc | 173.09% | ||
| OM | 13.54% | ||
| PM (TTM) | 10.8% | ||
| GM | 72.42% | ||
| FCFM | 25.25% |
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%
ROICexcg growth 3Y8.44%
ROICexcg 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-Score7
Asset Turnover1.16
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | N/A | ||
| Debt/FCF | 3.37 | ||
| Debt/EBITDA | 4.88 | ||
| Cap/Depr | 40.25% | ||
| Cap/Sales | 1.55% | ||
| Interest Coverage | 42 | ||
| Cash Conversion | 154.1% | ||
| Profit Quality | 233.77% | ||
| Current Ratio | 2 | ||
| Quick Ratio | 2 | ||
| Altman-Z | 1.87 |
F-Score7
WACC7.94%
ROIC/WACC2.02
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)6.82%
EPS 3Y-11.42%
EPS 5Y25.54%
EPS Q2Q%-4.17%
EPS Next Y7.39%
EPS Next 2Y9.16%
EPS Next 3Y11.58%
EPS Next 5Y25.97%
Revenue 1Y (TTM)2.18%
Revenue growth 3Y6.44%
Revenue growth 5Y27.97%
Sales Q2Q%0.81%
Revenue Next Year-1.11%
Revenue Next 2Y0.83%
Revenue Next 3Y2.42%
Revenue Next 5Y5.04%
EBIT growth 1Y1.51%
EBIT growth 3Y-6.54%
EBIT growth 5Y33.76%
EBIT Next Year104.71%
EBIT Next 3Y31.49%
EBIT Next 5Y21.88%
FCF growth 1Y6.52%
FCF growth 3Y4.49%
FCF growth 5Y30.17%
OCF growth 1Y6.66%
OCF growth 3Y4.91%
OCF growth 5Y29.46%