ETSY INC (ETSY) Fundamental Analysis & Valuation

NYSE:ETSY • US29786A1060

Current stock price

64.34 USD
-5.26 (-7.56%)
At close:
64.47 USD
+0.13 (+0.2%)
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

  • In the past year ETSY was profitable.
  • 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

  • ETSY has a better Return On Assets (5.76%) than 76.67% of its industry peers.
  • With an excellent Return On Invested Capital value of 12.18%, ETSY belongs to the best of the industry, outperforming 83.33% of the companies in the same industry.
  • ETSY had an Average Return On Invested Capital over the past 3 years of 13.54%. This is above the industry average of 8.83%.
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 decent Profit Margin value of 5.65%, ETSY is doing good in the industry, outperforming 63.33% of the companies in the same industry.
  • In the last couple of years the Profit Margin of ETSY has declined.
  • The Operating Margin of ETSY (12.76%) is better than 90.00% of its industry peers.
  • In the last couple of years the Operating Margin of ETSY has declined.
  • 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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3

2. ETSY Health Analysis

2.1 Basic Checks

  • ETSY has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
  • The number of shares outstanding for ETSY has been reduced compared to 1 year ago.
  • ETSY has less shares outstanding than it did 5 years ago.
  • ETSY has a worse debt/assets ratio than last year.
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 1.46, we must say that ETSY is in the distress zone and has some risk of bankruptcy.
  • ETSY has a Altman-Z score of 1.46. This is in the lower half of the industry: ETSY underperforms 60.00% of its industry peers.
  • 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 has a Debt to FCF ratio of 4.82. This is comparable 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 1.46
ROIC/WACC1.61
WACC7.57%
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.
  • ETSY has a Current ratio (1.44) which is in line with its industry peers.
  • A Quick Ratio of 1.44 indicates that ETSY should not have too much problems paying its short term obligations.
  • With a decent Quick ratio value of 1.44, ETSY is doing good in the industry, outperforming 63.33% 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

5

3. ETSY Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an nice 15.74% over the past year.
  • 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)15.74%
EPS 3YN/A
EPS 5Y-3.17%
EPS Q2Q%93.48%
Revenue 1Y (TTM)2.68%
Revenue growth 3Y3.96%
Revenue growth 5Y10.81%
Sales Q2Q%-3.06%

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 2.71% on average over the next years.
EPS Next Y37.33%
EPS Next 2Y24.46%
EPS Next 3Y21.2%
EPS Next 5Y33.98%
Revenue Next Year-5.2%
Revenue Next 2Y-0.97%
Revenue Next 3Y0.63%
Revenue Next 5Y2.71%

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
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

  • ETSY is valuated rather expensively with a Price/Earnings ratio of 23.65.
  • ETSY's Price/Earnings is on the same level as the industry average.
  • When comparing the Price/Earnings ratio of ETSY to the average of the S&P500 Index (26.77), we can say ETSY is valued inline with the index average.
  • With a Price/Forward Earnings ratio of 18.14, ETSY is valued on the expensive side.
  • The rest of the industry has a similar Price/Forward Earnings ratio as ETSY.
  • When comparing the Price/Forward Earnings ratio of ETSY to the average of the S&P500 Index (21.75), we can say ETSY is valued inline with the index average.
Industry RankSector Rank
PE 23.65
Fwd PE 18.14
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.
  • ETSY's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. ETSY is cheaper than 76.67% of the companies in the same industry.
Industry RankSector Rank
P/FCF 9.7
EV/EBITDA 14.42
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 21.20% in the coming years.
PEG (NY)0.63
PEG (5Y)N/A
EPS Next 2Y24.46%
EPS Next 3Y21.2%

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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%

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ETSY Fundamentals: All Metrics, Ratios and Statistics

ETSY INC

NYSE:ETSY (4/30/2026, 8:04:00 PM)

After market: 64.47 +0.13 (+0.2%)

64.34

-5.26 (-7.56%)

Chartmill FA Rating
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustryBroadline Retail
Industry Strength52.8
Industry Growth50.93
Earnings (Last)04-29
Earnings (Next)07-28
Inst Owners120.85%
Inst Owner Change0.67%
Ins Owners1.16%
Ins Owner Change0.49%
Market Cap6.19B
Revenue(TTM)2.88B
Net Income(TTM)162.98M
Analysts69.23
Price Target63.67 (-1.04%)
Short Float %15.67%
Short Ratio4.47
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)0.37%
PT rev (3m)-7.71%
EPS NQ rev (1m)3.28%
EPS NQ rev (3m)41.94%
EPS NY rev (1m)-1.47%
EPS NY rev (3m)20.94%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-6.58%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-7.8%
Valuation
Industry RankSector Rank
PE 23.65
Fwd PE 18.14
P/S 2.15
P/FCF 9.7
P/OCF 8.93
P/B N/A
P/tB N/A
EV/EBITDA 14.42
EPS(TTM)2.72
EY4.23%
EPS(NY)3.55
Fwd EY5.51%
FCF(TTM)6.64
FCFY10.31%
OCF(TTM)7.2
OCFY11.2%
SpS29.96
BVpS-11.41
TBVpS-14.89
PEG (NY)0.63
PEG (5Y)N/A
Graham Number0 (-100%)
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 1.46
F-Score5
WACC7.57%
ROIC/WACC1.61
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)15.74%
EPS 3YN/A
EPS 5Y-3.17%
EPS Q2Q%93.48%
EPS Next Y37.33%
EPS Next 2Y24.46%
EPS Next 3Y21.2%
EPS Next 5Y33.98%
Revenue 1Y (TTM)2.68%
Revenue growth 3Y3.96%
Revenue growth 5Y10.81%
Sales Q2Q%-3.06%
Revenue Next Year-5.2%
Revenue Next 2Y-0.97%
Revenue Next 3Y0.63%
Revenue Next 5Y2.71%
EBIT growth 1Y-3.23%
EBIT growth 3Y-1.63%
EBIT growth 5Y-2.8%
EBIT Next Year181.38%
EBIT Next 3Y45.31%
EBIT Next 5Y28.83%
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 4 / 10 to ETSY.


Can you provide the valuation status for ETSY INC?

ChartMill assigns a valuation rating of 5 / 10 to ETSY INC (ETSY). This can be considered as Fairly Valued.


Can you provide the profitability details for ETSY INC?

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


What are the PE and PB ratios of ETSY INC (ETSY) stock?

The Price/Earnings (PE) ratio for ETSY INC (ETSY) is 23.65 and the Price/Book (PB) ratio is -5.64.


What is the expected EPS growth for ETSY INC (ETSY) stock?

The Earnings per Share (EPS) of ETSY INC (ETSY) is expected to grow by 37.33% in the next year.