ETSY INC (ETSY) Fundamental Analysis & Valuation

NYSE:ETSY • US29786A1060

Current stock price

53.14 USD
+1.12 (+2.15%)
At close:
53.14 USD
0 (0%)
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.
  • ETSY had positive earnings in 4 of the past 5 years.
  • 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 73.33% of the companies in the same industry.
  • The Return On Invested Capital of ETSY (12.18%) is better than 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 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

  • ETSY has a Profit Margin (5.65%) which is in line with its industry peers.
  • 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.
  • The Gross Margin of ETSY (71.64%) is better 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

  • The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so ETSY is creating value.
  • Compared to 1 year ago, ETSY has less shares outstanding
  • The number of shares outstanding for ETSY has been reduced compared to 5 years ago.
  • 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 1.29, we must say that ETSY is in the distress zone and has some risk of bankruptcy.
  • ETSY's Altman-Z score of 1.29 is on the low side compared to the rest of the industry. ETSY is outperformed by 63.33% 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 1.29
ROIC/WACC1.71
WACC7.12%
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.
  • 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

  • The earnings per share for ETSY have decreased by -3.38% in the last year.
  • 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.
  • The Revenue has been growing slightly by 2.68% in the past year.
  • 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
  • Based on estimates for the next years, ETSY will show a small growth in Revenue. The Revenue will grow by 2.43% on average per year.
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

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • 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

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6

4. ETSY Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 23.21, ETSY is valued on the expensive side.
  • 63.33% of the companies in the same industry are more expensive than ETSY, based on the Price/Earnings ratio.
  • ETSY is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 25.96, which is the current average of the S&P500 Index.
  • A Price/Forward Earnings ratio of 16.65 indicates a correct valuation of ETSY.
  • ETSY's Price/Forward Earnings ratio is in line with the industry average.
  • ETSY's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 24.04.
Industry RankSector Rank
PE 23.21
Fwd PE 16.65
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

  • ETSY's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. ETSY is cheaper than 66.67% of the companies in the same industry.
  • 83.33% of the companies in the same industry are more expensive than ETSY, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 8.01
EV/EBITDA 12.13
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.
  • 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)0.59
PEG (5Y)N/A
EPS Next 2Y25.48%
EPS Next 3Y21.86%

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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 (3/16/2026, 8:21:24 PM)

After market: 53.14 0 (0%)

53.14

+1.12 (+2.15%)

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 Cap5.11B
Revenue(TTM)2.88B
Net Income(TTM)162.98M
Analysts69.23
Price Target63.26 (19.04%)
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 23.21
Fwd PE 16.65
P/S 1.77
P/FCF 8.01
P/OCF 7.38
P/B N/A
P/tB N/A
EV/EBITDA 12.13
EPS(TTM)2.29
EY4.31%
EPS(NY)3.19
Fwd EY6.01%
FCF(TTM)6.64
FCFY12.49%
OCF(TTM)7.2
OCFY13.56%
SpS29.96
BVpS-11.41
TBVpS-14.89
PEG (NY)0.59
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 1.29
F-Score5
WACC7.12%
ROIC/WACC1.71
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.