ETSY INC (3E2.DE) Stock Fundamental Analysis
Europe - FRA:3E2 - US29786A1060 - Common Stock
61.99 EUR
-0.08 (-0.13%)
Taking everything into account, 3E2 scores 6 out of 10 in our fundamental rating. 3E2 was compared to 13 industry peers in the Broadline Retail industry. While 3E2 has a great profitability rating, there are some minor concerns on its financial health. 3E2 is not valued too expensively and it also shows a decent growth rate.
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.
3E2 had a positive operating cash flow in each of the past 5 years.
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.
With an excellent Return On Invested Capital value of 14.18%, 3E2 belongs to the best of the industry, outperforming 84.62% of the companies in the same industry.
3E2 had an Average Return On Invested Capital over the past 3 years of 14.75%. This 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
3E2 has a Profit Margin of 5.78%. 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 (14.01%) than 84.62% of its industry peers.
3E2's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 72.20%, 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 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.
Compared to 1 year ago, 3E2 has less shares outstanding
Compared to 5 years ago, 3E2 has less shares outstanding
3E2 has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 2.06 indicates that 3E2 is not a great score, but indicates only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.06, 3E2 is doing worse than 69.23% of the companies in the same industry.
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.
3E2 has a better Debt to FCF ratio (4.85) than 69.23% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | N/A | ||
| Debt/FCF | 4.85 | ||
| Altman-Z | 2.06 |
ROIC/WACC1.98
WACC7.18%
2.3 Liquidity
3E2 has a Current Ratio of 3.39. This indicates that 3E2 is financially healthy and has no problem in meeting its short term obligations.
3E2 has a Current ratio of 3.39. This is amongst the best in the industry. 3E2 outperforms 84.62% of its industry peers.
3E2 has a Quick Ratio of 3.39. This indicates that 3E2 is financially healthy and has no problem in meeting its short term obligations.
With an excellent Quick ratio value of 3.39, 3E2 belongs to the best of the industry, outperforming 84.62% of the companies in the same industry.
| 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
The Revenue has been growing slightly by 2.38% in the past year.
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
The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
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.
Compared to the rest of the industry, the Price/Earnings ratio of 3E2 is on the same level as its industry peers.
3E2's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 27.08.
A Price/Forward Earnings ratio of 25.43 indicates a quite expensive valuation of 3E2.
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.
The average S&P500 Price/Forward Earnings ratio is at 23.09. 3E2 is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 32.46 | ||
| Fwd PE | 25.43 |
4.2 Price Multiples
61.54% 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 92.31% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.27 | ||
| EV/EBITDA | 17.02 |
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
3E2 does not give a dividend.
| 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 | 25.43 | ||
| P/S | 2.52 | ||
| P/FCF | 11.27 | ||
| P/OCF | 10.37 | ||
| P/B | N/A | ||
| P/tB | N/A | ||
| EV/EBITDA | 17.02 |
EPS(TTM)1.91
EY3.08%
EPS(NY)2.44
Fwd EY3.93%
FCF(TTM)5.5
FCFY8.87%
OCF(TTM)5.98
OCFY9.64%
SpS24.6
BVpS-9.75
TBVpS-12.83
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 | 2.06 |
F-Score6
WACC7.18%
ROIC/WACC1.98
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 6 / 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 7 / 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 -6.36.
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.