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

FRA:3E2 • US29786A1060

Current stock price

46.365 EUR
+1.02 (+2.26%)
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

  • 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.
  • 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

  • Looking at the Return On Assets, with a value of 5.76%, 3E2 is in line with its industry, outperforming 46.15% of the companies in the same industry.
  • 3E2's Return On Invested Capital of 12.18% is fine compared to the rest of the industry. 3E2 outperforms 76.92% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for 3E2 is significantly above the industry average of 8.44%.
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 perfoms like the industry average, outperforming 46.15% of the companies in the same industry.
  • 3E2's Profit Margin has declined in the last couple of years.
  • The Operating Margin of 3E2 (12.76%) is better than 92.31% of its industry peers.
  • In the last couple of years the Operating Margin of 3E2 has declined.
  • The Gross Margin of 3E2 (71.64%) is better 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

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

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 1.30. This is a bad value and indicates that 3E2 is not financially healthy and even 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.
  • The Debt to FCF ratio of 3E2 (4.82) is better than 76.92% of its industry peers.
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 4.82
Altman-Z 1.3
ROIC/WACC1.71
WACC7.12%
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 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

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

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.
  • 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
  • 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.
  • 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

More info and screens

Find the best growth stocksShow best growing peers

6

4. 3E2.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 23.42, which indicates a rather expensive current valuation of 3E2.
  • The rest of the industry has a similar Price/Earnings ratio as 3E2.
  • The average S&P500 Price/Earnings ratio is at 24.88. 3E2 is around the same levels.
  • With a Price/Forward Earnings ratio of 16.76, 3E2 is valued correctly.
  • Based on the Price/Forward Earnings ratio, 3E2 is valued a bit cheaper than 61.54% of the companies in the same industry.
  • When comparing the Price/Forward Earnings ratio of 3E2 to the average of the S&P500 Index (22.19), we can say 3E2 is valued slightly cheaper.
Industry RankSector Rank
PE 23.42
Fwd PE 16.76
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

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, 3E2 is valued a bit cheaper than the industry average as 76.92% of the companies are valued more expensively.
  • 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 8.06
EV/EBITDA 12.2
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.
  • The decent profitability rating of 3E2 may justify a higher PE ratio.
  • A more expensive valuation may be justified as 3E2's earnings are expected to grow with 21.86% in the coming years.
PEG (NY)0.59
PEG (5Y)N/A
EPS Next 2Y25.48%
EPS Next 3Y21.86%

More info and screens

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%

More info and screens

Find the best dividend stocksShow peers with best dividend

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

ETSY INC

FRA:3E2 (3/20/2026, 7:00:00 PM)

46.365

+1.02 (+2.26%)

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 Cap4.46B
Revenue(TTM)2.88B
Net Income(TTM)162.98M
Analysts69.23
Price Target57.32 (23.63%)
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)37.89%
EPS NQ rev (3m)37.84%
EPS NY rev (1m)23.09%
EPS NY rev (3m)22.31%
Revenue NQ rev (1m)-6.55%
Revenue NQ rev (3m)-6.71%
Revenue NY rev (1m)-7.83%
Revenue NY rev (3m)-7.92%
Valuation
Industry RankSector Rank
PE 23.42
Fwd PE 16.76
P/S 1.79
P/FCF 8.06
P/OCF 7.43
P/B N/A
P/tB N/A
EV/EBITDA 12.2
EPS(TTM)1.98
EY4.27%
EPS(NY)2.77
Fwd EY5.97%
FCF(TTM)5.75
FCFY12.4%
OCF(TTM)6.24
OCFY13.47%
SpS25.96
BVpS-9.89
TBVpS-12.91
PEG (NY)0.59
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
WACC7.12%
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.


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 23.42 and the Price/Book (PB) ratio is -4.69.