ETSY INC (3E2.DE) Stock Fundamental Analysis
FRA:3E2 - Deutsche Boerse Ag - US29786A1060 - Common Stock - Currency: EUR
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 belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. 3E2 has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
3E2 had positive earnings in the past year.
In the past year 3E2 had a positive cash flow from operations.
Of the past 5 years 3E2 4 years were profitable.
Each year in the past 5 years 3E2 had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 12.54%, 3E2 belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 16.02%, 3E2 belongs to the top of the industry, outperforming 92.31% 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 9.51%.
The 3 year average ROIC (14.75%) for 3E2 is below the current ROIC(16.02%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 12.54% | ||
| ROE | N/A | ||
| ROIC | 16.02% |
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
With a decent Profit Margin value of 10.80%, 3E2 is doing good in the industry, outperforming 69.23% of the companies in the same industry.
3E2's Profit Margin has declined in the last couple of years.
With an excellent Operating Margin value of 13.54%, 3E2 belongs to the best of the industry, outperforming 92.31% of the companies in the same industry.
In the last couple of years the Operating Margin of 3E2 has grown nicely.
The Gross Margin of 3E2 (72.42%) is better than 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 | 13.54% | ||
| PM (TTM) | 10.8% | ||
| GM | 72.42% |
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
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so 3E2 is creating value.
3E2 has less shares outstanding than it did 1 year ago.
3E2 has less shares outstanding than it did 5 years ago.
3E2 has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 1.90 indicates that 3E2 is not a great score, but indicates only limited risk for bankruptcy at the moment.
3E2's Altman-Z score of 1.90 is on the low side compared to the rest of the industry. 3E2 is outperformed by 69.23% of its industry peers.
3E2 has a debt to FCF ratio of 3.37. This is a good value and a sign of high solvency as 3E2 would need 3.37 years to pay back of all of its debts.
3E2's Debt to FCF ratio of 3.37 is fine compared to the rest of the industry. 3E2 outperforms 69.23% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | N/A | ||
| Debt/FCF | 3.37 | ||
| Altman-Z | 1.9 |
ROIC/WACC2.02
WACC7.94%
2.3 Liquidity
3E2 has a Current Ratio of 2.00. This is a normal value and indicates that 3E2 is financially healthy and should not expect problems in meeting its short term obligations.
3E2 has a Current ratio of 2.00. This is in the better half of the industry: 3E2 outperforms 76.92% of its industry peers.
A Quick Ratio of 2.00 indicates that 3E2 should not have too much problems paying its short term obligations.
With a decent Quick ratio value of 2.00, 3E2 is doing good in the industry, outperforming 76.92% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2 | ||
| Quick Ratio | 2 |
3. Growth
3.1 Past
3E2 shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 5.33%.
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 2.18% in the past year.
The Revenue has been growing by 27.97% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)5.33%
EPS 3Y-11.42%
EPS 5Y25.54%
EPS Q2Q%66.13%
Revenue 1Y (TTM)2.18%
Revenue growth 3Y6.44%
Revenue growth 5Y27.97%
Sales Q2Q%1.17%
3.2 Future
3E2 is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 25.97% yearly.
The Revenue is expected to grow by 5.04% on average over the next years.
EPS Next Y7.39%
EPS Next 2Y9.16%
EPS Next 3Y11.58%
EPS Next 5Y25.97%
Revenue Next Year-1.11%
Revenue Next 2Y0.83%
Revenue Next 3Y2.42%
Revenue Next 5Y5.04%
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.
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
With a Price/Earnings ratio of 19.26, 3E2 is valued on the expensive side.
3E2's Price/Earnings is on the same level as the industry average.
When comparing the Price/Earnings ratio of 3E2 to the average of the S&P500 Index (28.22), we can say 3E2 is valued slightly cheaper.
With a Price/Forward Earnings ratio of 17.90, 3E2 is valued on the expensive side.
The rest of the industry has a similar Price/Forward Earnings ratio as 3E2.
3E2 is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 20.86, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.26 | ||
| Fwd PE | 17.9 |
4.2 Price Multiples
69.23% of the companies in the same industry are more expensive than 3E2, based on the Enterprise Value to EBITDA ratio.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of 3E2 indicates a rather cheap valuation: 3E2 is cheaper than 100.00% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.88 | ||
| EV/EBITDA | 12.28 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The excellent profitability rating of 3E2 may justify a higher PE ratio.
PEG (NY)2.61
PEG (5Y)0.75
EPS Next 2Y9.16%
EPS Next 3Y11.58%
5. Dividend
5.1 Amount
No dividends for 3E2!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
FRA:3E2 (4/22/2025, 7:00:00 PM)
40.06
+1.68 (+4.36%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustryBroadline Retail
Earnings (Last)
Earnings (Next)
Inst Owners112.17%
Inst Owner ChangeN/A
Ins Owners0.9%
Ins Owner ChangeN/A
Market Cap4.19B
Analysts67.8
Price Target48.33 (20.64%)
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)1
Avg EPS beat(2)-4.16%
Min EPS beat(2)-16.48%
Max EPS beat(2)8.16%
EPS beat(4)1
Avg EPS beat(4)-5.47%
Min EPS beat(4)-16.48%
Max EPS beat(4)8.16%
EPS beat(8)3
Avg EPS beat(8)-2.18%
EPS beat(12)4
Avg EPS beat(12)-176.2%
EPS beat(16)8
Avg EPS beat(16)-127.99%
Revenue beat(2)0
Avg Revenue beat(2)-1.82%
Min Revenue beat(2)-3.17%
Max Revenue beat(2)-0.47%
Revenue beat(4)1
Avg Revenue beat(4)-1.19%
Min Revenue beat(4)-3.17%
Max Revenue beat(4)0.88%
Revenue beat(8)2
Avg Revenue beat(8)-0.88%
Revenue beat(12)5
Avg Revenue beat(12)0.28%
Revenue beat(16)8
Avg Revenue beat(16)0.45%
PT rev (1m)-14.46%
PT rev (3m)-19.79%
EPS NQ rev (1m)-0.09%
EPS NQ rev (3m)-3.02%
EPS NY rev (1m)-1.02%
EPS NY rev (3m)-5.54%
Revenue NQ rev (1m)-0.07%
Revenue NQ rev (3m)-2.86%
Revenue NY rev (1m)-0.94%
Revenue NY rev (3m)-3.56%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.26 | ||
| Fwd PE | 17.9 | ||
| P/S | 1.74 | ||
| P/FCF | 6.88 | ||
| P/OCF | 6.48 | ||
| P/B | N/A | ||
| P/tB | N/A | ||
| EV/EBITDA | 12.28 |
EPS(TTM)2.08
EY5.19%
EPS(NY)2.24
Fwd EY5.59%
FCF(TTM)5.82
FCFY14.53%
OCF(TTM)6.18
OCFY15.43%
SpS23.06
BVpS-6.23
TBVpS-10.76
PEG (NY)2.61
PEG (5Y)0.75
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 12.54% | ||
| ROE | N/A | ||
| ROCE | 21.69% | ||
| ROIC | 16.02% | ||
| ROICexc | 39.36% | ||
| ROICexgc | 173.09% | ||
| OM | 13.54% | ||
| PM (TTM) | 10.8% | ||
| GM | 72.42% | ||
| FCFM | 25.25% |
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%
ROICexcg growth 3Y8.44%
ROICexcg 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-Score7
Asset Turnover1.16
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | N/A | ||
| Debt/FCF | 3.37 | ||
| Debt/EBITDA | 4.88 | ||
| Cap/Depr | 40.25% | ||
| Cap/Sales | 1.55% | ||
| Interest Coverage | 42 | ||
| Cash Conversion | 154.1% | ||
| Profit Quality | 233.77% | ||
| Current Ratio | 2 | ||
| Quick Ratio | 2 | ||
| Altman-Z | 1.9 |
F-Score7
WACC7.94%
ROIC/WACC2.02
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)5.33%
EPS 3Y-11.42%
EPS 5Y25.54%
EPS Q2Q%66.13%
EPS Next Y7.39%
EPS Next 2Y9.16%
EPS Next 3Y11.58%
EPS Next 5Y25.97%
Revenue 1Y (TTM)2.18%
Revenue growth 3Y6.44%
Revenue growth 5Y27.97%
Sales Q2Q%1.17%
Revenue Next Year-1.11%
Revenue Next 2Y0.83%
Revenue Next 3Y2.42%
Revenue Next 5Y5.04%
EBIT growth 1Y1.51%
EBIT growth 3Y-6.54%
EBIT growth 5Y33.76%
EBIT Next Year104.71%
EBIT Next 3Y31.49%
EBIT Next 5Y21.88%
FCF growth 1Y6.52%
FCF growth 3Y4.49%
FCF growth 5Y30.17%
OCF growth 1Y6.66%
OCF growth 3Y4.91%
OCF growth 5Y29.46%