ETSY INC (3E2.DE) Stock Fundamental Analysis

FRA:3E2 • US29786A1060

38.715 EUR
+0.96 (+2.54%)
Last: Feb 18, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to 3E2. 3E2 was compared to 13 industry peers in the Broadline Retail industry. 3E2 has an average financial health and profitability rating. 3E2 is showing excellent growth while it is valued at reasonable prices. Keep and eye on this one! These ratings could make 3E2 a good candidate for growth investing.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • 3E2 had positive earnings in the past year.
  • 3E2 had a positive operating cash flow in the past year.
  • In multiple years 3E2 reported negative net income over the last 5 years.
  • Of the past 5 years 3E2 4 years had a positive operating cash flow.
3E2.DE Yearly Net Income VS EBIT VS OCF VS FCF3E2.DE 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 0 500M -500M

1.2 Ratios

  • 3E2 has a Return On Assets of 6.87%. This is in the better half of the industry: 3E2 outperforms 61.54% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 13.92%, 3E2 belongs to the top of the industry, outperforming 84.62% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for 3E2 is significantly above the industry average of 8.53%.
Industry RankSector Rank
ROA 6.87%
ROE N/A
ROIC 13.92%
ROA(3y)-0.78%
ROA(5y)5.01%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)14.75%
ROIC(5y)14.2%
3E2.DE Yearly ROA, ROE, ROIC3E2.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50 -50 100

1.3 Margins

  • 3E2 has a Profit Margin of 6.38%. This is comparable to the rest of the industry: 3E2 outperforms 46.15% of its industry peers.
  • 3E2's Profit Margin has declined in the last couple of years.
  • 3E2 has a better Operating Margin (13.79%) than 92.31% of its industry peers.
  • In the last couple of years the Operating Margin of 3E2 has grown nicely.
  • Looking at the Gross Margin, with a value of 72.04%, 3E2 belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
  • In the last couple of years the Gross Margin of 3E2 has grown nicely.
Industry RankSector Rank
OM 13.79%
PM (TTM) 6.38%
GM 72.04%
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 5Y1.6%
3E2.DE Yearly Profit, Operating, Gross Margins3E2.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40 60

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ROAROEROICOperating and Profit MarginShow most profitable peers

5

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so 3E2 is creating value.
  • 3E2 has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
3E2.DE Yearly Shares Outstanding3E2.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M
3E2.DE Yearly Total Debt VS Total Assets3E2.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B

2.2 Solvency

  • Based on the Altman-Z score of 1.58, we must say that 3E2 is in the distress zone and has some risk of bankruptcy.
  • 3E2 has a worse Altman-Z score (1.58) than 69.23% of its industry peers.
  • 3E2 has a debt to FCF ratio of 4.84. This is a neutral value as 3E2 would need 4.84 years to pay back of all of its debts.
  • 3E2 has a better Debt to FCF ratio (4.84) than 69.23% of its industry peers.
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 4.84
Altman-Z 1.58
ROIC/WACC1.96
WACC7.1%
3E2.DE Yearly LT Debt VS Equity VS FCF3E2.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B

2.3 Liquidity

  • 3E2 has a Current Ratio of 3.17. This indicates that 3E2 is financially healthy and has no problem in meeting its short term obligations.
  • 3E2 has a better Current ratio (3.17) than 76.92% of its industry peers.
  • 3E2 has a Quick Ratio of 3.17. This indicates that 3E2 is financially healthy and has no problem in meeting its short term obligations.
  • The Quick ratio of 3E2 (3.17) is better than 84.62% of its industry peers.
Industry RankSector Rank
Current Ratio 3.17
Quick Ratio 3.17
3E2.DE Yearly Current Assets VS Current Liabilites3E2.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B

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

7

3. Growth

3.1 Past

  • 3E2 shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 22.45%, which is quite impressive.
  • The Earnings Per Share has been growing by 25.54% on average over the past years. This is a very strong growth
  • Looking at the last year, 3E2 shows a small growth in Revenue. The Revenue has grown by 1.98% in the last year.
  • 3E2 shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 27.97% yearly.
EPS 1Y (TTM)22.45%
EPS 3Y-11.42%
EPS 5Y25.54%
EPS Q2Q%40%
Revenue 1Y (TTM)1.98%
Revenue growth 3Y6.44%
Revenue growth 5Y27.97%
Sales Q2Q%2.36%

3.2 Future

  • The Earnings Per Share is expected to grow by 25.74% on average over the next years. This is a very strong growth
  • Based on estimates for the next years, 3E2 will show a small growth in Revenue. The Revenue will grow by 5.19% on average per year.
EPS Next Y-44.42%
EPS Next 2Y4.6%
EPS Next 3Y9.02%
EPS Next 5Y25.74%
Revenue Next Year2.33%
Revenue Next 2Y2.59%
Revenue Next 3Y3.68%
Revenue Next 5Y5.19%

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.
  • 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.
3E2.DE Yearly Revenue VS Estimates3E2.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 1B 2B 3B 4B 5B
3E2.DE Yearly EPS VS Estimates3E2.DE 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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Find the best growth stocksShow best growing peers

5

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 18.98 indicates a rather expensive valuation of 3E2.
  • 61.54% of the companies in the same industry are more expensive than 3E2, based on the Price/Earnings ratio.
  • When comparing the Price/Earnings ratio of 3E2 to the average of the S&P500 Index (26.99), we can say 3E2 is valued slightly cheaper.
  • With a Price/Forward Earnings ratio of 17.55, 3E2 is valued on the expensive side.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of 3E2 indicates a somewhat cheap valuation: 3E2 is cheaper than 61.54% of the companies listed in the same industry.
  • When comparing the Price/Forward Earnings ratio of 3E2 to the average of the S&P500 Index (28.06), we can say 3E2 is valued slightly cheaper.
Industry RankSector Rank
PE 18.98
Fwd PE 17.55
3E2.DE Price Earnings VS Forward Price Earnings3E2.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • 76.92% of the companies in the same industry are more expensive than 3E2, based on the Enterprise Value to EBITDA ratio.
  • 3E2's Price/Free Cash Flow ratio is rather cheap when compared to the industry. 3E2 is cheaper than 100.00% of the companies in the same industry.
Industry RankSector Rank
P/FCF 7.07
EV/EBITDA 11.67
3E2.DE Per share data3E2.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 -10 20

4.3 Compensation for Growth

  • The decent profitability rating of 3E2 may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.74
EPS Next 2Y4.6%
EPS Next 3Y9.02%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. Dividend

5.1 Amount

  • 3E2 does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

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Find the best dividend stocksShow peers with best dividend

ETSY INC

FRA:3E2 (2/18/2026, 7:00:00 PM)

38.715

+0.96 (+2.54%)

Chartmill FA Rating
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustryBroadline Retail
Earnings (Last)02-19
Earnings (Next)04-28
Inst Owners127.45%
Inst Owner ChangeN/A
Ins Owners1.06%
Ins Owner ChangeN/A
Market Cap3.82B
Revenue(TTM)2.85B
Net Income(TTM)182.15M
Analysts68
Price Target57.32 (48.06%)
Short Float %N/A
Short RatioN/A
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)1
Avg EPS beat(2)-12.69%
Min EPS beat(2)-42.84%
Max EPS beat(2)17.46%
EPS beat(4)2
Avg EPS beat(4)-6.27%
Min EPS beat(4)-42.84%
Max EPS beat(4)17.46%
EPS beat(8)2
Avg EPS beat(8)-9.59%
EPS beat(12)4
Avg EPS beat(12)-4.72%
EPS beat(16)6
Avg EPS beat(16)-131.87%
Revenue beat(2)2
Avg Revenue beat(2)1.66%
Min Revenue beat(2)1.44%
Max Revenue beat(2)1.89%
Revenue beat(4)2
Avg Revenue beat(4)-0.13%
Min Revenue beat(4)-3.17%
Max Revenue beat(4)1.89%
Revenue beat(8)3
Avg Revenue beat(8)-0.29%
Revenue beat(12)5
Avg Revenue beat(12)0.07%
Revenue beat(16)8
Avg Revenue beat(16)0.54%
PT rev (1m)-10.77%
PT rev (3m)-1.91%
EPS NQ rev (1m)0.27%
EPS NQ rev (3m)-0.84%
EPS NY rev (1m)1.4%
EPS NY rev (3m)-0.88%
Revenue NQ rev (1m)0.21%
Revenue NQ rev (3m)0.08%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.27%
Valuation
Industry RankSector Rank
PE 18.98
Fwd PE 17.55
P/S 1.57
P/FCF 7.07
P/OCF 6.5
P/B N/A
P/tB N/A
EV/EBITDA 11.67
EPS(TTM)2.04
EY5.27%
EPS(NY)2.21
Fwd EY5.7%
FCF(TTM)5.48
FCFY14.15%
OCF(TTM)5.96
OCFY15.39%
SpS24.6
BVpS-9.59
TBVpS-12.54
PEG (NY)N/A
PEG (5Y)0.74
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA 6.87%
ROE N/A
ROCE 18.86%
ROIC 13.92%
ROICexc 50.15%
ROICexgc 122.39%
OM 13.79%
PM (TTM) 6.38%
GM 72.04%
FCFM 22.26%
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)158.05%
ROICexgc(5y)N/A
ROCE(3y)19.98%
ROCE(5y)19.24%
ROICexgc growth 3Y8.45%
ROICexgc growth 5Y39.3%
ROICexc growth 3Y36.7%
ROICexc growth 5Y26.37%
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 5Y1.6%
F-Score6
Asset Turnover1.08
Health
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 4.84
Debt/EBITDA 6.19
Cap/Depr 54.08%
Cap/Sales 1.96%
Interest Coverage 250
Cash Conversion 139.08%
Profit Quality 348.8%
Current Ratio 3.17
Quick Ratio 3.17
Altman-Z 1.58
F-Score6
WACC7.1%
ROIC/WACC1.96
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)22.45%
EPS 3Y-11.42%
EPS 5Y25.54%
EPS Q2Q%40%
EPS Next Y-44.42%
EPS Next 2Y4.6%
EPS Next 3Y9.02%
EPS Next 5Y25.74%
Revenue 1Y (TTM)1.98%
Revenue growth 3Y6.44%
Revenue growth 5Y27.97%
Sales Q2Q%2.36%
Revenue Next Year2.33%
Revenue Next 2Y2.59%
Revenue Next 3Y3.68%
Revenue Next 5Y5.19%
EBIT growth 1Y7.23%
EBIT growth 3Y-6.54%
EBIT growth 5Y33.77%
EBIT Next Year94.95%
EBIT Next 3Y28.29%
EBIT Next 5Y20.11%
FCF growth 1Y-5.07%
FCF growth 3Y4.49%
FCF growth 5Y30.17%
OCF growth 1Y-1.55%
OCF growth 3Y4.92%
OCF growth 5Y29.46%

ETSY INC / 3E2.DE FAQ

What is the fundamental rating for 3E2 stock?

ChartMill assigns a fundamental rating of 6 / 10 to 3E2.DE.


What is the valuation status of ETSY INC (3E2.DE) stock?

ChartMill assigns a valuation rating of 5 / 10 to ETSY INC (3E2.DE). This can be considered as Fairly Valued.


What is the profitability of 3E2 stock?

ETSY INC (3E2.DE) has a profitability rating of 7 / 10.


What are the PE and PB ratios of ETSY INC (3E2.DE) stock?

The Price/Earnings (PE) ratio for ETSY INC (3E2.DE) is 18.98 and the Price/Book (PB) ratio is -4.04.