ETSY INC (ETSY) Fundamental Analysis & Valuation

NYSE:ETSY • US29786A1060

Current stock price

54.775 USD
+0.66 (+1.21%)
Last:

This ETSY fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

6

1. ETSY Profitability Analysis

1.1 Basic Checks

  • ETSY had positive earnings in the past year.
  • In the past year ETSY had a positive cash flow from operations.
  • ETSY had positive earnings in 4 of the past 5 years.
  • Each year in the past 5 years ETSY had a positive operating cash flow.
ETSY Yearly Net Income VS EBIT VS OCF VS FCFETSY 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

  • ETSY's Return On Assets of 5.76% is fine compared to the rest of the industry. ETSY outperforms 73.33% of its industry peers.
  • ETSY's Return On Invested Capital of 12.18% is amongst the best of the industry. ETSY outperforms 83.33% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for ETSY is above the industry average of 9.15%.
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%
ETSY Yearly ROA, ROE, ROICETSY 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%, ETSY perfoms like the industry average, outperforming 60.00% of the companies in the same industry.
  • ETSY's Profit Margin has declined in the last couple of years.
  • The Operating Margin of ETSY (12.76%) is better than 90.00% of its industry peers.
  • ETSY's Operating Margin has declined in the last couple of years.
  • ETSY has a better Gross Margin (71.64%) than 90.00% of its industry peers.
  • ETSY's Gross Margin has been stable in the last couple of years.
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%
ETSY Yearly Profit, Operating, Gross MarginsETSY Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 40 60

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4

2. ETSY Health Analysis

2.1 Basic Checks

  • ETSY has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
  • Compared to 1 year ago, ETSY has less shares outstanding
  • Compared to 5 years ago, ETSY has less shares outstanding
  • The debt/assets ratio for ETSY is higher compared to a year ago.
ETSY Yearly Shares OutstandingETSY Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M 100M
ETSY Yearly Total Debt VS Total AssetsETSY 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

  • ETSY has an Altman-Z score of 1.31. This is a bad value and indicates that ETSY is not financially healthy and even has some risk of bankruptcy.
  • The Altman-Z score of ETSY (1.31) is worse than 60.00% of its industry peers.
  • ETSY has a debt to FCF ratio of 4.82. This is a neutral value as ETSY would need 4.82 years to pay back of all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 4.82, ETSY is in the better half of the industry, outperforming 63.33% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 4.82
Altman-Z 1.31
ROIC/WACC1.72
WACC7.09%
ETSY Yearly LT Debt VS Equity VS FCFETSY 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

  • A Current Ratio of 1.44 indicates that ETSY should not have too much problems paying its short term obligations.
  • The Current ratio of ETSY (1.44) is comparable to the rest of the industry.
  • A Quick Ratio of 1.44 indicates that ETSY should not have too much problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 1.44, ETSY is in line with its industry, outperforming 56.67% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.44
Quick Ratio 1.44
ETSY Yearly Current Assets VS Current LiabilitesETSY 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

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

4

3. ETSY Growth Analysis

3.1 Past

  • ETSY shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -3.38%.
  • The Earnings Per Share has been decreasing by -3.17% on average over the past years.
  • Looking at the last year, ETSY shows a small growth in Revenue. The Revenue has grown by 2.68% in the last year.
  • The Revenue has been growing by 10.81% on average over the past years. This is quite good.
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

  • Based on estimates for the next years, ETSY will show a very strong growth in Earnings Per Share. The EPS will grow by 33.98% on average per year.
  • The Revenue is expected to grow by 2.43% on average over the next years.
EPS Next Y39.37%
EPS Next 2Y25.48%
EPS Next 3Y21.86%
EPS Next 5Y33.98%
Revenue Next Year-5.4%
Revenue Next 2Y-1.06%
Revenue Next 3Y0.66%
Revenue Next 5Y2.43%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better 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.
ETSY Yearly Revenue VS EstimatesETSY Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 1B 2B 3B 4B 5B
ETSY Yearly EPS VS EstimatesETSY 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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5

4. ETSY Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 23.92, ETSY is valued on the expensive side.
  • Based on the Price/Earnings ratio, ETSY is valued a bit cheaper than 63.33% of the companies in the same industry.
  • ETSY's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 25.79.
  • Based on the Price/Forward Earnings ratio of 17.16, the valuation of ETSY can be described as rather expensive.
  • ETSY's Price/Forward Earnings is on the same level as the industry average.
  • ETSY's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 23.80.
Industry RankSector Rank
PE 23.92
Fwd PE 17.16
ETSY Price Earnings VS Forward Price EarningsETSY Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, ETSY is valued a bit cheaper than the industry average as 66.67% of the companies are valued more expensively.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of ETSY indicates a somewhat cheap valuation: ETSY is cheaper than 80.00% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 8.25
EV/EBITDA 12.33
ETSY Per share dataETSY EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 -10 20

4.3 Compensation for Growth

  • ETSY'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 ETSY may justify a higher PE ratio.
  • A more expensive valuation may be justified as ETSY's earnings are expected to grow with 21.86% in the coming years.
PEG (NY)0.61
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. ETSY Dividend Analysis

5.1 Amount

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

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Find the best dividend stocksShow peers with best dividend

ETSY Fundamentals: All Metrics, Ratios and Statistics

ETSY INC

NYSE:ETSY (3/19/2026, 9:47:03 AM)

54.775

+0.66 (+1.21%)

Chartmill FA Rating
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustryBroadline Retail
Earnings (Last)02-19
Earnings (Next)04-28
Inst Owners120.78%
Inst Owner Change-9.52%
Ins Owners1.11%
Ins Owner Change0.23%
Market Cap5.27B
Revenue(TTM)2.88B
Net Income(TTM)162.98M
Analysts69.23
Price Target63.26 (15.49%)
Short Float %14.58%
Short Ratio3.59
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)-7.21%
PT rev (3m)-10.23%
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)-6.69%
Revenue NY rev (1m)-7.99%
Revenue NY rev (3m)-8.12%
Valuation
Industry RankSector Rank
PE 23.92
Fwd PE 17.16
P/S 1.83
P/FCF 8.25
P/OCF 7.6
P/B N/A
P/tB N/A
EV/EBITDA 12.33
EPS(TTM)2.29
EY4.18%
EPS(NY)3.19
Fwd EY5.83%
FCF(TTM)6.64
FCFY12.12%
OCF(TTM)7.2
OCFY13.15%
SpS29.96
BVpS-11.41
TBVpS-14.89
PEG (NY)0.61
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 1.31
F-Score5
WACC7.09%
ROIC/WACC1.72
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-5.4%
Revenue Next 2Y-1.06%
Revenue Next 3Y0.66%
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 / ETSY Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for ETSY INC?

ChartMill assigns a fundamental rating of 5 / 10 to ETSY.


Can you provide the valuation status for ETSY INC?

ChartMill assigns a valuation rating of 6 / 10 to ETSY INC (ETSY). This can be considered as Fairly Valued.


How profitable is ETSY INC (ETSY) stock?

ETSY INC (ETSY) has a profitability rating of 6 / 10.


Can you provide the financial health for ETSY stock?

The financial health rating of ETSY INC (ETSY) is 4 / 10.


Can you provide the expected EPS growth for ETSY stock?

The Earnings per Share (EPS) of ETSY INC (ETSY) is expected to grow by 39.37% in the next year.