ETSY INC (3E2.DE) Stock Fundamental Analysis

FRA:3E2 • US29786A1060

39.32 EUR
-6.15 (-13.52%)
Last: Feb 12, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to 3E2. 3E2 was compared to 13 industry peers in the Broadline Retail industry. Both the profitability and the financial health of 3E2 get a neutral evaluation. Nothing too spectacular is happening here. 3E2 is growing strongly while it is still valued neutral. This is a good combination! This makes 3E2 very considerable for growth investing!


Dividend Valuation Growth Profitability Health

6

1. Profitability

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 0 500M -500M

1.2 Ratios

  • Looking at the Return On Assets, with a value of 6.87%, 3E2 is in the better half of the industry, outperforming 61.54% of the companies in the same industry.
  • 3E2's Return On Invested Capital of 13.92% is fine compared to the rest of the industry. 3E2 outperforms 76.92% 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 9.56%.
Industry RankSector Rank
ROA 6.87%
ROE N/A
ROIC 13.92%
ROA(3y)-0.78%
ROA(5y)5.01%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)14.75%
ROIC(5y)14.2%
3E2.DE Yearly ROA, ROE, ROIC3E2.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50 -50 100

1.3 Margins

  • 3E2 has a Profit Margin of 6.38%. This is in the lower half of the industry: 3E2 underperforms 61.54% of its industry peers.
  • 3E2's Profit Margin has declined in the last couple of years.
  • The Operating Margin of 3E2 (13.79%) is better than 92.31% of its industry peers.
  • In the last couple of years the Operating Margin of 3E2 has grown nicely.
  • Looking at the Gross Margin, with a value of 72.04%, 3E2 belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
  • In the last couple of years the Gross Margin of 3E2 has grown nicely.
Industry RankSector Rank
OM 13.79%
PM (TTM) 6.38%
GM 72.04%
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 5Y1.6%
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 0 20 -20 40 60

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ROAROEROICOperating and Profit MarginShow most profitable peers

5

2. Health

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 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 1B 2B 3B

2.2 Solvency

  • Based on the Altman-Z score of 1.60, we must say that 3E2 is in the distress zone and has some risk of bankruptcy.
  • 3E2's Altman-Z score of 1.60 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 4.84. This is a neutral value as 3E2 would need 4.84 years to pay back of all of its debts.
  • 3E2's Debt to FCF ratio of 4.84 is fine compared to the rest of the industry. 3E2 outperforms 69.23% of its industry peers.
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 4.84
Altman-Z 1.6
ROIC/WACC2.04
WACC6.84%
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 0 1B 2B

2.3 Liquidity

  • 3E2 has a Current Ratio of 3.17. This indicates that 3E2 is financially healthy and has no problem in meeting its short term obligations.
  • 3E2 has a better Current ratio (3.17) than 76.92% of its industry peers.
  • A Quick Ratio of 3.17 indicates that 3E2 has no problem at all paying its short term obligations.
  • Looking at the Quick ratio, with a value of 3.17, 3E2 belongs to the top of the industry, outperforming 84.62% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 3.17
Quick Ratio 3.17
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 500M 1B 1.5B

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

7

3. Growth

3.1 Past

  • 3E2 shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 22.45%, which is quite impressive.
  • The Earnings Per Share has been growing by 25.54% on average over the past years. This is a very strong growth
  • 3E2 shows a small growth in Revenue. In the last year, the Revenue has grown by 1.98%.
  • 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)22.45%
EPS 3Y-11.42%
EPS 5Y25.54%
EPS Q2Q%40%
Revenue 1Y (TTM)1.98%
Revenue growth 3Y6.44%
Revenue growth 5Y27.97%
Sales Q2Q%2.36%

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 26.09% on average per year.
  • Based on estimates for the next years, 3E2 will show a small growth in Revenue. The Revenue will grow by 4.73% on average per year.
EPS Next Y-44.42%
EPS Next 2Y4.6%
EPS Next 3Y9.02%
EPS Next 5Y26.09%
Revenue Next Year2.33%
Revenue Next 2Y2.59%
Revenue Next 3Y3.68%
Revenue Next 5Y4.73%

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.
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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Find the best growth stocksShow best growing peers

5

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 19.47 indicates a rather expensive valuation of 3E2.
  • Compared to the rest of the industry, the Price/Earnings ratio of 3E2 indicates a somewhat cheap valuation: 3E2 is cheaper than 61.54% of the companies listed in the same industry.
  • The average S&P500 Price/Earnings ratio is at 27.97. 3E2 is valued slightly cheaper when compared to this.
  • A Price/Forward Earnings ratio of 18.01 indicates a rather expensive valuation of 3E2.
  • 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.
  • When comparing the Price/Forward Earnings ratio of 3E2 to the average of the S&P500 Index (27.96), we can say 3E2 is valued slightly cheaper.
Industry RankSector Rank
PE 19.47
Fwd PE 18.01
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

  • 76.92% of the companies in the same industry are more expensive than 3E2, based on the Enterprise Value to EBITDA ratio.
  • 100.00% of the companies in the same industry are more expensive than 3E2, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 7.25
EV/EBITDA 11.91
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 has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.76
EPS Next 2Y4.6%
EPS Next 3Y9.02%

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

0

5. Dividend

5.1 Amount

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

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Find the best dividend stocksShow peers with best dividend

ETSY INC

FRA:3E2 (2/12/2026, 7:00:00 PM)

39.32

-6.15 (-13.52%)

Chartmill FA Rating
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustryBroadline Retail
Earnings (Last)10-29
Earnings (Next)02-19
Inst Owners127.45%
Inst Owner ChangeN/A
Ins Owners1.06%
Ins Owner ChangeN/A
Market Cap3.88B
Revenue(TTM)2.85B
Net Income(TTM)182.15M
Analysts68
Price Target57.32 (45.78%)
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)1
Avg EPS beat(2)-12.69%
Min EPS beat(2)-42.84%
Max EPS beat(2)17.46%
EPS beat(4)2
Avg EPS beat(4)-6.27%
Min EPS beat(4)-42.84%
Max EPS beat(4)17.46%
EPS beat(8)2
Avg EPS beat(8)-9.59%
EPS beat(12)4
Avg EPS beat(12)-4.72%
EPS beat(16)6
Avg EPS beat(16)-131.87%
Revenue beat(2)2
Avg Revenue beat(2)1.66%
Min Revenue beat(2)1.44%
Max Revenue beat(2)1.89%
Revenue beat(4)2
Avg Revenue beat(4)-0.13%
Min Revenue beat(4)-3.17%
Max Revenue beat(4)1.89%
Revenue beat(8)3
Avg Revenue beat(8)-0.29%
Revenue beat(12)5
Avg Revenue beat(12)0.07%
Revenue beat(16)8
Avg Revenue beat(16)0.54%
PT rev (1m)-10.77%
PT rev (3m)-2.79%
EPS NQ rev (1m)0.54%
EPS NQ rev (3m)-0.64%
EPS NY rev (1m)1.4%
EPS NY rev (3m)-0.88%
Revenue NQ rev (1m)0.15%
Revenue NQ rev (3m)0.02%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.27%
Valuation
Industry RankSector Rank
PE 19.47
Fwd PE 18.01
P/S 1.61
P/FCF 7.25
P/OCF 6.67
P/B N/A
P/tB N/A
EV/EBITDA 11.91
EPS(TTM)2.02
EY5.14%
EPS(NY)2.18
Fwd EY5.55%
FCF(TTM)5.42
FCFY13.79%
OCF(TTM)5.9
OCFY15%
SpS24.35
BVpS-9.49
TBVpS-12.41
PEG (NY)N/A
PEG (5Y)0.76
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA 6.87%
ROE N/A
ROCE 18.86%
ROIC 13.92%
ROICexc 50.15%
ROICexgc 122.39%
OM 13.79%
PM (TTM) 6.38%
GM 72.04%
FCFM 22.26%
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)158.05%
ROICexgc(5y)N/A
ROCE(3y)19.98%
ROCE(5y)19.24%
ROICexgc growth 3Y8.45%
ROICexgc growth 5Y39.3%
ROICexc growth 3Y36.7%
ROICexc growth 5Y26.37%
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 5Y1.6%
F-Score6
Asset Turnover1.08
Health
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 4.84
Debt/EBITDA 6.19
Cap/Depr 54.08%
Cap/Sales 1.96%
Interest Coverage 250
Cash Conversion 139.08%
Profit Quality 348.8%
Current Ratio 3.17
Quick Ratio 3.17
Altman-Z 1.6
F-Score6
WACC6.84%
ROIC/WACC2.04
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)22.45%
EPS 3Y-11.42%
EPS 5Y25.54%
EPS Q2Q%40%
EPS Next Y-44.42%
EPS Next 2Y4.6%
EPS Next 3Y9.02%
EPS Next 5Y26.09%
Revenue 1Y (TTM)1.98%
Revenue growth 3Y6.44%
Revenue growth 5Y27.97%
Sales Q2Q%2.36%
Revenue Next Year2.33%
Revenue Next 2Y2.59%
Revenue Next 3Y3.68%
Revenue Next 5Y4.73%
EBIT growth 1Y7.23%
EBIT growth 3Y-6.54%
EBIT growth 5Y33.77%
EBIT Next Year94.95%
EBIT Next 3Y28.29%
EBIT Next 5Y20.34%
FCF growth 1Y-5.07%
FCF growth 3Y4.49%
FCF growth 5Y30.17%
OCF growth 1Y-1.55%
OCF growth 3Y4.92%
OCF growth 5Y29.46%

ETSY INC / 3E2.DE 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 5 / 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 19.47 and the Price/Book (PB) ratio is -4.14.