ETSY INC (3E2.DE) Stock Fundamental Analysis
Europe - FRA:3E2 - US29786A1060 - Common Stock
54.27 EUR
+6.39 (+13.33%)
3E2 gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 14 industry peers in the Broadline Retail industry. 3E2 has an excellent profitability rating, but there are some minor concerns on its financial health. 3E2 is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year 3E2 was profitable.
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.
1.2 Ratios
The Return On Assets of 3E2 (12.54%) is better than 85.71% of its industry peers.
3E2 has a better Return On Invested Capital (16.02%) than 71.43% of its industry peers.
3E2 had an Average Return On Invested Capital over the past 3 years of 14.75%. This is above the industry average of 10.65%.
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
3E2's Profit Margin of 10.80% is fine compared to the rest of the industry. 3E2 outperforms 64.29% of its industry peers.
In the last couple of years the Profit Margin of 3E2 has declined.
Looking at the Operating Margin, with a value of 13.54%, 3E2 is in the better half of the industry, outperforming 78.57% of the companies in the same industry.
In the last couple of years the Operating Margin of 3E2 has grown nicely.
3E2's Gross Margin of 72.42% is amongst the best of the industry. 3E2 outperforms 100.00% of its industry peers.
3E2's Gross Margin has improved in the last couple of years.
| 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
3E2 has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
The number of shares outstanding for 3E2 has been reduced compared to 1 year ago.
Compared to 5 years ago, 3E2 has less shares outstanding
3E2 has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 2.24 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 2.24. This is in the lower half of the industry: 3E2 underperforms 78.57% of its industry peers.
3E2 has a debt to FCF ratio of 3.37. This is a good value and a sign of high solvency as 3E2 would need 3.37 years to pay back of all of its debts.
3E2 has a Debt to FCF ratio of 3.37. This is amongst the best in the industry. 3E2 outperforms 85.71% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | N/A | ||
| Debt/FCF | 3.37 | ||
| Altman-Z | 2.24 |
ROIC/WACC2.12
WACC7.54%
2.3 Liquidity
A Current Ratio of 2.00 indicates that 3E2 should not have too much problems paying its short term obligations.
3E2 has a better Current ratio (2.00) than 78.57% of its industry peers.
3E2 has a Quick 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.
Looking at the Quick ratio, with a value of 2.00, 3E2 is in the better half of the industry, outperforming 78.57% of the companies in the same industry.
| 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%.
3E2 shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 25.54% yearly.
Looking at the last year, 3E2 shows a small growth in Revenue. The Revenue has grown by 2.18% in the last year.
Measured over the past years, 3E2 shows a very strong growth in Revenue. The Revenue has been growing by 27.97% on average per year.
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
3E2 is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 25.97% yearly.
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
The EPS growth rate is stable: in the next years the growth will be about the same 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.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 27.27 indicates a quite expensive valuation of 3E2.
The rest of the industry has a similar Price/Earnings ratio as 3E2.
3E2 is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.38, which is the current average of the S&P500 Index.
3E2 is valuated rather expensively with a Price/Forward Earnings ratio of 22.71.
The rest of the industry has a similar Price/Forward Earnings ratio as 3E2.
3E2 is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 22.86, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.27 | ||
| Fwd PE | 22.71 |
4.2 Price Multiples
3E2's Enterprise Value to EBITDA is on the same level as the industry average.
3E2's Price/Free Cash Flow ratio is rather cheap when compared to the industry. 3E2 is cheaper than 100.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.46 | ||
| EV/EBITDA | 16.03 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The decent profitability rating of 3E2 may justify a higher PE ratio.
PEG (NY)3.69
PEG (5Y)1.07
EPS Next 2Y9.16%
EPS Next 3Y11.58%
5. Dividend
5.1 Amount
3E2 does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
FRA:3E2 (9/18/2025, 7:00:00 PM)
54.27
+6.39 (+13.33%)
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 Cap5.68B
Analysts67.8
Price Target48.33 (-10.95%)
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 | 27.27 | ||
| Fwd PE | 22.71 | ||
| P/S | 2.39 | ||
| P/FCF | 9.46 | ||
| P/OCF | 8.91 | ||
| P/B | N/A | ||
| P/tB | N/A | ||
| EV/EBITDA | 16.03 |
EPS(TTM)1.99
EY3.67%
EPS(NY)2.39
Fwd EY4.4%
FCF(TTM)5.74
FCFY10.57%
OCF(TTM)6.09
OCFY11.22%
SpS22.72
BVpS-6.14
TBVpS-10.6
PEG (NY)3.69
PEG (5Y)1.07
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 | 2.24 |
F-Score7
WACC7.54%
ROIC/WACC2.12
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%