ETSY INC (ETSY) Fundamental Analysis & Valuation

NYSE:ETSY • US29786A1060

Current stock price

48.23 USD
-1.23 (-2.49%)
At close:
47.952 USD
-0.28 (-0.58%)
After Hours:

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.
  • Of the past 5 years ETSY 4 years were profitable.
  • In the past 5 years ETSY always reported a positive cash flow from operatings.
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

  • Looking at the Return On Assets, with a value of 5.76%, ETSY is in the better half of the industry, outperforming 76.67% of the companies in the same industry.
  • ETSY has a Return On Invested Capital of 12.18%. This is amongst the best in the industry. ETSY outperforms 83.33% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for ETSY is above the industry average of 8.76%.
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

  • The Profit Margin of ETSY (5.65%) is comparable to the rest of the industry.
  • In the last couple of years the Profit Margin of ETSY has declined.
  • Looking at the Operating Margin, with a value of 12.76%, ETSY belongs to the top of the industry, outperforming 90.00% of the companies in the same industry.
  • ETSY's Operating Margin has declined in the last couple of years.
  • ETSY has a Gross Margin of 71.64%. This is amongst the best in the industry. ETSY outperforms 90.00% of its industry peers.
  • In the last couple of years the Gross Margin of ETSY 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%
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

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

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.
  • The number of shares outstanding for ETSY has been reduced compared to 1 year ago.
  • Compared to 5 years ago, ETSY has less shares outstanding
  • Compared to 1 year ago, ETSY has a worse debt to assets ratio.
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

  • Based on the Altman-Z score of 1.24, we must say that ETSY is in the distress zone and has some risk of bankruptcy.
  • The Altman-Z score of ETSY (1.24) is comparable to the rest of the industry.
  • The Debt to FCF ratio of ETSY is 4.82, which is a neutral value as it means it would take ETSY, 4.82 years of fcf income to pay off all of its debts.
  • ETSY's Debt to FCF ratio of 4.82 is in line compared to the rest of the industry. ETSY outperforms 56.67% of its industry peers.
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 4.82
Altman-Z 1.24
ROIC/WACC1.7
WACC7.18%
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.
  • Looking at the Current ratio, with a value of 1.44, ETSY is in line with its industry, outperforming 50.00% of the companies in the same industry.
  • ETSY has a Quick Ratio of 1.44. This is a normal value and indicates that ETSY is financially healthy and should not expect problems in meeting its short term obligations.
  • Looking at the Quick ratio, with a value of 1.44, ETSY is in line with its industry, outperforming 60.00% 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

More info and screens

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%.
  • Measured over the past years, ETSY shows a decrease in Earnings Per Share. The EPS has been decreasing by -3.17% on average per year.
  • ETSY shows a small growth in Revenue. In the last year, the Revenue has grown by 2.68%.
  • ETSY shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 10.81% yearly.
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
  • 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-5.2%
Revenue Next 2Y-0.99%
Revenue Next 3Y0.54%
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.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
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

More info and screens

Find the best growth stocksShow best growing peers

6

4. ETSY Valuation Analysis

4.1 Price/Earnings Ratio

  • ETSY is valuated rather expensively with a Price/Earnings ratio of 21.06.
  • 66.67% of the companies in the same industry are more expensive than ETSY, based on the Price/Earnings ratio.
  • The average S&P500 Price/Earnings ratio is at 25.61. ETSY is around the same levels.
  • A Price/Forward Earnings ratio of 15.11 indicates a correct valuation of ETSY.
  • The rest of the industry has a similar Price/Forward Earnings ratio as ETSY.
  • ETSY is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.79, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 21.06
Fwd PE 15.11
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 70.00% of the companies are valued more expensively.
  • ETSY's Price/Free Cash Flow ratio is rather cheap when compared to the industry. ETSY is cheaper than 83.33% of the companies in the same industry.
Industry RankSector Rank
P/FCF 7.27
EV/EBITDA 11.37
ETSY Per share dataETSY EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 -10 20

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • ETSY has a very decent profitability rating, which 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)0.53
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

  • ETSY does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

ETSY Fundamentals: All Metrics, Ratios and Statistics

ETSY INC

NYSE:ETSY (3/25/2026, 8:24:06 PM)

After market: 47.952 -0.28 (-0.58%)

48.23

-1.23 (-2.49%)

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 Cap4.64B
Revenue(TTM)2.88B
Net Income(TTM)162.98M
Analysts69.23
Price Target63.26 (31.16%)
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)-6.71%
Revenue NY rev (1m)-7.83%
Revenue NY rev (3m)-7.92%
Valuation
Industry RankSector Rank
PE 21.06
Fwd PE 15.11
P/S 1.61
P/FCF 7.27
P/OCF 6.69
P/B N/A
P/tB N/A
EV/EBITDA 11.37
EPS(TTM)2.29
EY4.75%
EPS(NY)3.19
Fwd EY6.62%
FCF(TTM)6.64
FCFY13.76%
OCF(TTM)7.2
OCFY14.94%
SpS29.96
BVpS-11.41
TBVpS-14.89
PEG (NY)0.53
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 1.24
F-Score5
WACC7.18%
ROIC/WACC1.7
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 / 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.