ETSY INC (3E2.DE) Stock Fundamental Analysis
Europe - FRA:3E2 - US29786A1060 - Common Stock
61.99 EUR
-0.08 (-0.13%)
3E2 gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 13 industry peers in the Broadline Retail industry. 3E2 scores excellent on profitability, but there are some minor concerns on its financial health. 3E2 has a decent growth rate and is not valued too expensively.
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.
Of the past 5 years 3E2 4 years were profitable.
In the past 5 years 3E2 always reported a positive cash flow from operatings.
1.2 Ratios
3E2 has a Return On Assets of 6.41%. This is comparable to the rest of the industry: 3E2 outperforms 53.85% of its industry peers.
The Return On Invested Capital of 3E2 (14.18%) is better than 84.62% of its industry peers.
The Average Return On Invested Capital over the past 3 years for 3E2 is significantly above the industry average of 9.24%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.41% | ||
| ROE | N/A | ||
| ROIC | 14.18% |
ROA(3y)-0.78%
ROA(5y)5.01%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)14.75%
ROIC(5y)14.2%
1.3 Margins
The Profit Margin of 3E2 (5.78%) is comparable to the rest of the industry.
3E2's Profit Margin has declined in the last couple of years.
Looking at the Operating Margin, with a value of 14.01%, 3E2 belongs to the top of the industry, outperforming 84.62% of the companies in the same industry.
In the last couple of years the Operating Margin of 3E2 has grown nicely.
3E2 has a Gross Margin of 72.20%. This is amongst the best in the industry. 3E2 outperforms 100.00% of its industry peers.
In the last couple of years the Gross Margin of 3E2 has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 14.01% | ||
| PM (TTM) | 5.78% | ||
| GM | 72.2% |
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 5Y1.61%
2. Health
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.
The number of shares outstanding for 3E2 has been reduced compared to 1 year ago.
Compared to 5 years ago, 3E2 has less shares outstanding
3E2 has a worse debt/assets ratio than last year.
2.2 Solvency
3E2 has an Altman-Z score of 2.05. This is not the best score and indicates that 3E2 is in the grey zone with still only limited risk for bankruptcy at the moment.
3E2's Altman-Z score of 2.05 is on the low side compared to the rest of the industry. 3E2 is outperformed by 69.23% of its industry peers.
The Debt to FCF ratio of 3E2 is 4.85, which is a neutral value as it means it would take 3E2, 4.85 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 4.85, 3E2 is in the better half of the industry, outperforming 69.23% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | N/A | ||
| Debt/FCF | 4.85 | ||
| Altman-Z | 2.05 |
ROIC/WACC1.97
WACC7.19%
2.3 Liquidity
A Current Ratio of 3.39 indicates that 3E2 has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 3.39, 3E2 belongs to the top of the industry, outperforming 84.62% of the companies in the same industry.
A Quick Ratio of 3.39 indicates that 3E2 has no problem at all paying its short term obligations.
The Quick ratio of 3E2 (3.39) is better than 84.62% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.39 | ||
| Quick Ratio | 3.39 |
3. Growth
3.1 Past
3E2 shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 2.30%.
The Earnings Per Share has been growing by 25.54% on average over the past years. This is a very strong growth
3E2 shows a small growth in Revenue. In the last year, the Revenue has grown by 2.38%.
Measured over the past years, 3E2 shows a very strong growth in Revenue. The Revenue has been growing by 27.97% on average per year.
EPS 1Y (TTM)2.3%
EPS 3Y-11.42%
EPS 5Y25.54%
EPS Q2Q%-31.71%
Revenue 1Y (TTM)2.38%
Revenue growth 3Y6.44%
Revenue growth 5Y27.97%
Sales Q2Q%3.84%
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 25.31% on average per year.
3E2 is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.57% yearly.
EPS Next Y-42.56%
EPS Next 2Y9.43%
EPS Next 3Y13.35%
EPS Next 5Y25.31%
Revenue Next Year0.8%
Revenue Next 2Y1.48%
Revenue Next 3Y2.87%
Revenue Next 5Y4.57%
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 stable.
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.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 32.46, the valuation of 3E2 can be described as expensive.
3E2's Price/Earnings ratio is in line with the industry average.
The average S&P500 Price/Earnings ratio is at 26.89. 3E2 is valued slightly more expensive when compared to this.
The Price/Forward Earnings ratio is 25.36, which means the current valuation is very expensive for 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.
When comparing the Price/Forward Earnings ratio of 3E2 to the average of the S&P500 Index (22.99), we can say 3E2 is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 32.46 | ||
| Fwd PE | 25.36 |
4.2 Price Multiples
3E2's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. 3E2 is cheaper than 61.54% of the companies in the same industry.
3E2's Price/Free Cash Flow ratio is rather cheap when compared to the industry. 3E2 is cheaper than 92.31% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.24 | ||
| EV/EBITDA | 16.98 |
4.3 Compensation for Growth
3E2 has a very decent profitability rating, which may justify a higher PE ratio.
3E2's earnings are expected to grow with 13.35% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)1.27
EPS Next 2Y9.43%
EPS Next 3Y13.35%
5. Dividend
5.1 Amount
No dividends for 3E2!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
FRA:3E2 (10/21/2025, 7:00:00 PM)
61.99
-0.08 (-0.13%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustryBroadline Retail
Earnings (Last)
Earnings (Next)
Inst Owners133.97%
Inst Owner ChangeN/A
Ins Owners1.02%
Ins Owner ChangeN/A
Market Cap6.14B
Revenue(TTM)2.84B
Net Income(TTM)164.02M
Analysts68.72
Price Target48.33 (-22.04%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
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)0
Avg EPS beat(2)-25.34%
Min EPS beat(2)-42.84%
Max EPS beat(2)-7.84%
EPS beat(4)1
Avg EPS beat(4)-14.75%
Min EPS beat(4)-42.84%
Max EPS beat(4)8.16%
EPS beat(8)2
Avg EPS beat(8)-8.3%
EPS beat(12)3
Avg EPS beat(12)-185.37%
EPS beat(16)6
Avg EPS beat(16)-132.21%
Revenue beat(2)1
Avg Revenue beat(2)0.61%
Min Revenue beat(2)-0.66%
Max Revenue beat(2)1.89%
Revenue beat(4)1
Avg Revenue beat(4)-0.6%
Min Revenue beat(4)-3.17%
Max Revenue beat(4)1.89%
Revenue beat(8)2
Avg Revenue beat(8)-0.8%
Revenue beat(12)5
Avg Revenue beat(12)0.22%
Revenue beat(16)8
Avg Revenue beat(16)0.48%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0.86%
EPS NQ rev (3m)-8.91%
EPS NY rev (1m)0.76%
EPS NY rev (3m)-46.51%
Revenue NQ rev (1m)0.09%
Revenue NQ rev (3m)-0.7%
Revenue NY rev (1m)0.07%
Revenue NY rev (3m)1.93%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 32.46 | ||
| Fwd PE | 25.36 | ||
| P/S | 2.51 | ||
| P/FCF | 11.24 | ||
| P/OCF | 10.34 | ||
| P/B | N/A | ||
| P/tB | N/A | ||
| EV/EBITDA | 16.98 |
EPS(TTM)1.91
EY3.08%
EPS(NY)2.44
Fwd EY3.94%
FCF(TTM)5.51
FCFY8.9%
OCF(TTM)5.99
OCFY9.67%
SpS24.66
BVpS-9.77
TBVpS-12.86
PEG (NY)N/A
PEG (5Y)1.27
Graham NumberN/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.41% | ||
| ROE | N/A | ||
| ROCE | 19.21% | ||
| ROIC | 14.18% | ||
| ROICexc | 44.6% | ||
| ROICexgc | 96.8% | ||
| OM | 14.01% | ||
| PM (TTM) | 5.78% | ||
| GM | 72.2% | ||
| FCFM | 22.36% |
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)158.04%
ROICexgc(5y)N/A
ROCE(3y)19.98%
ROCE(5y)19.24%
ROICexgc growth 3Y8.44%
ROICexgc growth 5Y39.3%
ROICexc growth 3Y36.7%
ROICexc growth 5Y26.36%
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 5Y1.61%
F-Score6
Asset Turnover1.11
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | N/A | ||
| Debt/FCF | 4.85 | ||
| Debt/EBITDA | 6.08 | ||
| Cap/Depr | 51.55% | ||
| Cap/Sales | 1.94% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 136.69% | ||
| Profit Quality | 386.93% | ||
| Current Ratio | 3.39 | ||
| Quick Ratio | 3.39 | ||
| Altman-Z | 2.05 |
F-Score6
WACC7.19%
ROIC/WACC1.97
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)2.3%
EPS 3Y-11.42%
EPS 5Y25.54%
EPS Q2Q%-31.71%
EPS Next Y-42.56%
EPS Next 2Y9.43%
EPS Next 3Y13.35%
EPS Next 5Y25.31%
Revenue 1Y (TTM)2.38%
Revenue growth 3Y6.44%
Revenue growth 5Y27.97%
Sales Q2Q%3.84%
Revenue Next Year0.8%
Revenue Next 2Y1.48%
Revenue Next 3Y2.87%
Revenue Next 5Y4.57%
EBIT growth 1Y7.82%
EBIT growth 3Y-6.54%
EBIT growth 5Y33.76%
EBIT Next Year97.4%
EBIT Next 3Y29.11%
EBIT Next 5Y20.44%
FCF growth 1Y-2.92%
FCF growth 3Y4.49%
FCF growth 5Y30.17%
OCF growth 1Y-0.07%
OCF growth 3Y4.91%
OCF growth 5Y29.46%
ETSY INC / 3E2.DE FAQ
What is the fundamental rating for 3E2 stock?
ChartMill assigns a fundamental rating of 5 / 10 to 3E2.DE.
What is the valuation status for 3E2 stock?
ChartMill assigns a valuation rating of 4 / 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 6 / 10.
Can you provide the PE and PB ratios for 3E2 stock?
The Price/Earnings (PE) ratio for ETSY INC (3E2.DE) is 32.46 and the Price/Book (PB) ratio is -6.34.
Can you provide the expected EPS growth for 3E2 stock?
The Earnings per Share (EPS) of ETSY INC (3E2.DE) is expected to decline by -42.56% in the next year.