ETSY INC (3E2.DE) Fundamental Analysis & Valuation

FRA:3E2 • US29786A1060

Current stock price

45.34 EUR
-1.56 (-3.34%)
Last:

This 3E2.DE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

5

1. 3E2.DE Profitability Analysis

1.1 Basic Checks

  • In the past year 3E2 was profitable.
  • 3E2 had a positive operating cash flow in the past year.
  • 3E2 had positive earnings in 4 of the past 5 years.
  • 3E2 had a positive operating cash flow in each of the past 5 years.
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 2025 0 500M -500M

1.2 Ratios

  • 3E2 has a Return On Assets of 5.76%. This is in the lower half of the industry: 3E2 underperforms 61.54% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 12.18%, 3E2 is in the better half of the industry, outperforming 69.23% of the companies in the same industry.
  • 3E2 had an Average Return On Invested Capital over the past 3 years of 13.54%. This is above the industry average of 9.28%.
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%
3E2.DE Yearly ROA, ROE, ROIC3E2.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50 -50 100

1.3 Margins

  • 3E2 has a Profit Margin of 5.65%. This is in the lower half of the industry: 3E2 underperforms 61.54% of its industry peers.
  • 3E2's Profit Margin has declined in the last couple of years.
  • With an excellent Operating Margin value of 12.76%, 3E2 belongs to the best of the industry, outperforming 92.31% of the companies in the same industry.
  • 3E2's Operating Margin has declined in the last couple of years.
  • The Gross Margin of 3E2 (71.64%) is better than 100.00% of its industry peers.
  • 3E2'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%
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 2025 0 20 -20 40 60

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4

2. 3E2.DE Health Analysis

2.1 Basic Checks

  • 3E2 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, 3E2 has less shares outstanding
  • 3E2 has less shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, 3E2 has a worse debt to assets ratio.
3E2.DE Yearly Shares Outstanding3E2.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 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 2025 1B 2B 3B

2.2 Solvency

  • Based on the Altman-Z score of 1.28, we must say that 3E2 is in the distress zone and has some risk of bankruptcy.
  • 3E2's Altman-Z score of 1.28 is on the low side compared to the rest of the industry. 3E2 is outperformed by 76.92% of its industry peers.
  • The Debt to FCF ratio of 3E2 is 4.82, which is a neutral value as it means it would take 3E2, 4.82 years of fcf income to pay off all of its debts.
  • The Debt to FCF ratio of 3E2 (4.82) is better than 69.23% of its industry peers.
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 4.82
Altman-Z 1.28
ROIC/WACC1.76
WACC6.92%
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 2025 0 1B -1B 2B

2.3 Liquidity

  • A Current Ratio of 1.44 indicates that 3E2 should not have too much problems paying its short term obligations.
  • 3E2's Current ratio of 1.44 is fine compared to the rest of the industry. 3E2 outperforms 69.23% of its industry peers.
  • 3E2 has a Quick Ratio of 1.44. This is a normal value and indicates that 3E2 is financially healthy and should not expect problems in meeting its short term obligations.
  • The Quick ratio of 3E2 (1.44) is better than 69.23% of its industry peers.
Industry RankSector Rank
Current Ratio 1.44
Quick Ratio 1.44
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 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. 3E2.DE Growth Analysis

3.1 Past

  • The earnings per share for 3E2 have decreased by -3.38% in the last year.
  • Measured over the past years, 3E2 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.
  • 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, 3E2 will show a very strong growth in Earnings Per Share. The EPS will grow by 33.98% on average per year.
  • Based on estimates for the next years, 3E2 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.
  • 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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6

4. 3E2.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • 3E2 is valuated rather expensively with a Price/Earnings ratio of 22.67.
  • 3E2's Price/Earnings ratio is in line with the industry average.
  • 3E2's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 25.71.
  • The Price/Forward Earnings ratio is 16.30, which indicates a correct valuation of 3E2.
  • Based on the Price/Forward Earnings ratio, 3E2 is valued a bit cheaper than the industry average as 61.54% of the companies are valued more expensively.
  • The average S&P500 Price/Forward Earnings ratio is at 23.83. 3E2 is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 22.67
Fwd PE 16.3
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

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of 3E2 indicates a rather cheap valuation: 3E2 is cheaper than 84.62% of the companies listed in the same industry.
  • 92.31% of the companies in the same industry are more expensive than 3E2, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 7.84
EV/EBITDA 11.9
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 low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • A more expensive valuation may be justified as 3E2's earnings are expected to grow with 21.86% in the coming years.
PEG (NY)0.58
PEG (5Y)N/A
EPS Next 2Y25.48%
EPS Next 3Y21.86%

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0

5. 3E2.DE Dividend Analysis

5.1 Amount

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

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3E2.DE Fundamentals: All Metrics, Ratios and Statistics

ETSY INC

FRA:3E2 (3/11/2026, 7:00:00 PM)

45.34

-1.56 (-3.34%)

Chartmill FA Rating
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustryBroadline Retail
Earnings (Last)02-19
Earnings (Next)04-28
Inst Owners120.78%
Inst Owner ChangeN/A
Ins Owners1.11%
Ins Owner ChangeN/A
Market Cap4.36B
Revenue(TTM)2.88B
Net Income(TTM)162.98M
Analysts69.23
Price Target57.32 (26.42%)
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)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%
PT rev (3m)-10.77%
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 22.67
Fwd PE 16.3
P/S 1.74
P/FCF 7.84
P/OCF 7.22
P/B N/A
P/tB N/A
EV/EBITDA 11.9
EPS(TTM)2
EY4.41%
EPS(NY)2.78
Fwd EY6.13%
FCF(TTM)5.78
FCFY12.75%
OCF(TTM)6.28
OCFY13.85%
SpS26.11
BVpS-9.94
TBVpS-12.98
PEG (NY)0.58
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 1.28
F-Score5
WACC6.92%
ROIC/WACC1.76
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 / 3E2.DE Fundamental Analysis FAQ

What is the fundamental rating for 3E2 stock?

ChartMill assigns a fundamental rating of 4 / 10 to 3E2.DE.


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

ChartMill assigns a valuation rating of 6 / 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 5 / 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 22.67 and the Price/Book (PB) ratio is -4.56.