ETSY INC (3E2.DE) Stock Fundamental Analysis
FRA:3E2 - Deutsche Boerse Ag - US29786A1060 - Common Stock - Currency: EUR
We assign a fundamental rating of 5 out of 10 to 3E2. 3E2 was compared to 12 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
Looking at the Return On Assets, with a value of 12.54%, 3E2 belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
With an excellent Return On Invested Capital value of 16.02%, 3E2 belongs to the best of the industry, outperforming 91.67% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for 3E2 is above the industry average of 9.93%.
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 has a Profit Margin (10.80%) which is in line with its industry peers.
3E2's Profit Margin has declined in the last couple of years.
Looking at the Operating Margin, with a value of 13.54%, 3E2 belongs to the top of the industry, outperforming 83.33% of the companies in the same industry.
3E2's Operating Margin has improved in the last couple of years.
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.
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.
The debt/assets ratio for 3E2 is higher compared to a year ago.
2.2 Solvency
3E2 has an Altman-Z score of 1.90. This is not the best score and indicates that 3E2 is in the grey zone with still only limited risk for bankruptcy at the moment.
3E2 has a worse Altman-Z score (1.90) than 83.33% 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 better Debt to FCF ratio (3.37) than 66.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | N/A | ||
| Debt/FCF | 3.37 | ||
| Altman-Z | 1.9 |
ROIC/WACC2.04
WACC7.87%
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 has a better Current ratio (2.00) than 75.00% of its industry peers.
A Quick Ratio of 2.00 indicates that 3E2 should not have too much problems paying its short term obligations.
3E2 has a better Quick ratio (2.00) than 75.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2 | ||
| Quick Ratio | 2 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 5.33% over the past year.
3E2 shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 25.54% yearly.
3E2 shows a small growth in Revenue. In the last year, the Revenue has grown by 2.18%.
The Revenue has been growing by 27.97% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)5.33%
EPS 3Y-11.42%
EPS 5Y25.54%
EPS Q2Q%66.13%
Revenue 1Y (TTM)2.18%
Revenue growth 3Y6.44%
Revenue growth 5Y27.97%
Sales Q2Q%1.17%
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-0.8%
Revenue Next 2Y1.16%
Revenue Next 3Y2.63%
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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 19.26, 3E2 is valued on the expensive side.
3E2's Price/Earnings ratio is in line with the industry average.
3E2's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 28.79.
With a Price/Forward Earnings ratio of 17.91, 3E2 is valued on the expensive side.
3E2's Price/Forward Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.38, 3E2 is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.26 | ||
| Fwd PE | 17.91 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as 3E2.
Based on the Price/Free Cash Flow ratio, 3E2 is valued cheaper than 100.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.88 | ||
| EV/EBITDA | 12.29 |
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 decent profitability rating of 3E2 may justify a higher PE ratio.
PEG (NY)2.61
PEG (5Y)0.75
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 Cap4.29B
Analysts67.8
Price Target54.38 (35.75%)
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)-3.75%
PT rev (3m)-9.75%
EPS NQ rev (1m)-0.08%
EPS NQ rev (3m)-3.02%
EPS NY rev (1m)-2.74%
EPS NY rev (3m)-5.54%
Revenue NQ rev (1m)-0.05%
Revenue NQ rev (3m)-2.86%
Revenue NY rev (1m)-0.63%
Revenue NY rev (3m)-3.45%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.26 | ||
| Fwd PE | 17.91 | ||
| P/S | 1.74 | ||
| P/FCF | 6.88 | ||
| P/OCF | 6.48 | ||
| P/B | N/A | ||
| P/tB | N/A | ||
| EV/EBITDA | 12.29 |
EPS(TTM)2.08
EY5.19%
EPS(NY)2.24
Fwd EY5.58%
FCF(TTM)5.82
FCFY14.53%
OCF(TTM)6.18
OCFY15.42%
SpS23.06
BVpS-6.23
TBVpS-10.75
PEG (NY)2.61
PEG (5Y)0.75
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 | 1.9 |
F-Score7
WACC7.87%
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)5.33%
EPS 3Y-11.42%
EPS 5Y25.54%
EPS Q2Q%66.13%
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%1.17%
Revenue Next Year-0.8%
Revenue Next 2Y1.16%
Revenue Next 3Y2.63%
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%