Etsy（ETSY）株式概要Etsy, Inc.は、その子会社とともに、世界中の買い手と売り手をつなぐ双方向のオンライン・マーケットプレイスを運営している。 詳細ETSY ファンダメンタル分析スノーフレーク・スコア評価2/6将来の成長3/6過去の実績4/6財務の健全性2/6配当金0/6報酬当社が推定した公正価値より51.9%で取引されている 収益は年間13.06%増加すると予測されています 過去1年間で収益は47.5%増加しました リスク分析マイナスの株主資本 多額の負債を抱えている Austrian市場と比較した過去 3 か月間の株価の変動すべてのリスクチェックを見るETSY Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair Value€Current Price€52.344.6% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-706m3b2016201920222025202620282031Revenue US$3.4bEarnings US$351.0mAdvancedSet Fair ValueView all narrativesEtsy, Inc. 競合他社Pepco GroupSymbol: WSE:PCOMarket cap: zł19.1bIsetan Mitsukoshi HoldingsSymbol: TSE:3099Market cap: JP¥1.2tMacy'sSymbol: NYSE:MMarket cap: US$5.4bVipshop HoldingsSymbol: NYSE:VIPSMarket cap: US$6.9b価格と性能株価の高値、安値、推移の概要Etsy過去の株価現在の株価US$52.3452週高値US$65.9352週安値US$37.13ベータ1.91ヶ月の変化-3.65%3ヶ月変化19.96%1年変化25.07%3年間の変化-34.44%5年間の変化-61.52%IPOからの変化-13.24%最新ニュースNew Risk • May 07New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €462k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (7.9% average weekly change). Negative equity (-US$1.1b). Minor Risks Significant insider selling over the past 3 months (€462k sold).Reported Earnings • Apr 30First quarter 2026 earnings released: EPS: US$1.09 (vs US$0.33 loss in 1Q 2025)First quarter 2026 results: EPS: US$1.09 (up from US$0.33 loss in 1Q 2025). Revenue: US$631.3m (up 3.1% from 1Q 2025). Net income: US$104.7m (up US$139.7m from 1Q 2025). Profit margin: 17% (up from net loss in 1Q 2025). The move to profitability was primarily driven by lower expenses. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Multiline Retail industry in Europe. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.お知らせ • Apr 21Etsy, Inc., Annual General Meeting, Jun 09, 2026Etsy, Inc., Annual General Meeting, Jun 09, 2026.Valuation Update With 7 Day Price Move • Apr 20Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €53.30, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 13x in the Multiline Retail industry in Europe. Total loss to shareholders of 42% over the past three years.お知らせ • Apr 16Etsy, Inc. to Report Q1, 2026 Results on Apr 29, 2026Etsy, Inc. announced that they will report Q1, 2026 results at 9:30 AM, US Eastern Standard Time on Apr 29, 2026Reported Earnings • Feb 20Full year 2025 earnings released: EPS: US$1.59 (vs US$2.64 in FY 2024)Full year 2025 results: EPS: US$1.59 (down from US$2.64 in FY 2024). Revenue: US$2.88b (up 2.7% from FY 2024). Net income: US$163.0m (down 46% from FY 2024). Profit margin: 5.7% (down from 11% in FY 2024). Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Multiline Retail industry in Europe. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings.最新情報をもっと見るRecent updatesNew Risk • May 07New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €462k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (7.9% average weekly change). Negative equity (-US$1.1b). Minor Risks Significant insider selling over the past 3 months (€462k sold).Reported Earnings • Apr 30First quarter 2026 earnings released: EPS: US$1.09 (vs US$0.33 loss in 1Q 2025)First quarter 2026 results: EPS: US$1.09 (up from US$0.33 loss in 1Q 2025). Revenue: US$631.3m (up 3.1% from 1Q 2025). Net income: US$104.7m (up US$139.7m from 1Q 2025). Profit margin: 17% (up from net loss in 1Q 2025). The move to profitability was primarily driven by lower expenses. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Multiline Retail industry in Europe. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.お知らせ • Apr 21Etsy, Inc., Annual General Meeting, Jun 09, 2026Etsy, Inc., Annual General Meeting, Jun 09, 2026.Valuation Update With 7 Day Price Move • Apr 20Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €53.30, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 13x in the Multiline Retail industry in Europe. Total loss to shareholders of 42% over the past three years.お知らせ • Apr 16Etsy, Inc. to Report Q1, 2026 Results on Apr 29, 2026Etsy, Inc. announced that they will report Q1, 2026 results at 9:30 AM, US Eastern Standard Time on Apr 29, 2026Reported Earnings • Feb 20Full year 2025 earnings released: EPS: US$1.59 (vs US$2.64 in FY 2024)Full year 2025 results: EPS: US$1.59 (down from US$2.64 in FY 2024). Revenue: US$2.88b (up 2.7% from FY 2024). Net income: US$163.0m (down 46% from FY 2024). Profit margin: 5.7% (down from 11% in FY 2024). Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Multiline Retail industry in Europe. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings.お知らせ • Feb 19eBay Inc. (NasdaqGS:EBAY) entered into a Sale and Purchase Agreement to acquire Depop Limited from Etsy, Inc. (NYSE:ETSY) for approximately $1.2 billion.eBay Inc. (NasdaqGS:EBAY) entered into a Sale and Purchase Agreement to acquire Depop Limited from Etsy, Inc. (NYSE:ETSY) for approximately $1.2 billion on February 15, 2026. As part of the acquisition, eBay Inc. will acquire all of the outstanding equity interests of Depop Limited. The consideration of $1.2 billion will be paid in cash and is subject to certain purchase price adjustments. The transaction will be financed through cash on hand. In case of termination of transaction, eBay Inc. will pay a termination fee of $90 million to Etsy, Inc. The Purchase Agreement also provides that, upon certain termination events, eBay Inc. will be required to pay Etsy, Inc an additional termination fee of $70 million. For the period ended December 31, 2025, Depop Limited reported revenue of $1 billion. The transaction is subject to the satisfaction of certain closing conditions and receipt of required regulatory approvals. The deal has been unanimously approved by the board of directors of eBay Inc. and Etsy, Inc. The transaction is currently expected to close in the second quarter of 2026. The proceeds from the sale will be utilized by Etsy, Inc. for general corporate purposes, continued share repurchases and investment in its core marketplace. Ken S. Myers and Bomi Lee of Fenwick & West LLP acted as legal advisor to Etsy, Inc. Ethan Klingsberg, Zheng (Jonathan) Zhou and Jeff Zhang of Freshfields US LLP acted as legal advisor to eBay Inc.Valuation Update With 7 Day Price Move • Feb 13Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to €38.99, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 14x in the Multiline Retail industry in Europe. Total loss to shareholders of 67% over the past three years.お知らせ • Feb 06Etsy, Inc. to Report Q4, 2025 Results on Feb 19, 2026Etsy, Inc. announced that they will report Q4, 2025 results Pre-Market on Feb 19, 2026Valuation Update With 7 Day Price Move • Jan 29Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to €46.17, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 16x in the Multiline Retail industry in Europe. Total loss to shareholders of 65% over the past three years.お知らせ • Dec 22Etsy, Inc. (NYSE:ETSY) announces an Equity Buyback for $750 million worth of its shares.Etsy, Inc. (NasdaqGS:ETSY) announces a share repurchase program. Under the program, the company will repurchase up to $750 million worth of its common stock. The stock repurchase program has no expiration date.お知らせ • Dec 18Etsy, Inc. Appoints Fred Wilson as Lead Independent Director, Effective January 1, 2026The Board of Etsy, Inc. appointed the current Chair of the Board, Fred Wilson, as Lead Independent Director effective January 1, 2026. Fred Wilson is the Founder and Partner of Union Square Ventures and has served on Etsy's board since 2007. He provides significant experience in corporate governance, technology company strategy, and scaling businesses in growth. He is also a well-known thought leader on technology, venture capital, and management matters.Valuation Update With 7 Day Price Move • Nov 19Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to €45.89, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 15x in the Multiline Retail industry in Europe. Total loss to shareholders of 60% over the past three years.Reported Earnings • Oct 30Third quarter 2025 earnings released: EPS: US$0.76 (vs US$0.50 in 3Q 2024)Third quarter 2025 results: EPS: US$0.76 (up from US$0.50 in 3Q 2024). Revenue: US$678.0m (up 2.4% from 3Q 2024). Net income: US$75.5m (up 32% from 3Q 2024). Profit margin: 11% (up from 8.7% in 3Q 2024). Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Multiline Retail industry in Europe. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings.お知らせ • Oct 29+ 1 more updateEtsy, Inc. Announces CEO ChangesEtsy, Inc. announced that its current President and Chief Growth Officer, Kruti Patel Goyal, will become Chief Executive Officer, effective January 1, 2026. This appointment comes as Josh Silverman has decided to step down as CEO, effective December 31, 2025. Kruti Patel Goyal is Etsy's President and Chief Growth Officer, responsible for bringing together all customer touch points to deliver a more compelling and inspiring experience for Etsy's millions of buyers and sellers. She oversees Product, Engineering, Marketing, Customer Support, Trust and Safety, and Strategy and Operations. Kruti was named CEO of Depop in September 2022. During her tenure, gross merchandise sales and buyer base nearly doubled as Depop focused on strengthening its core marketplace and differentiated value proposition in the growing secondhand market. Under her leadership, Depop became the fastest-growing online apparel resale marketplace in the United States and was named to TIME's list of the 100 Most Influential Companies 2024. Prior to joining Depop, Kruti worked at Etsy for over 10 years, serving in leadership roles through multiple phases of Etsy's growth. Her responsibilities included serving as Etsy's Chief Product Officer, overseeing Etsy's global Seller Services business, managing Corporate Development, leading the International Growth team and serving as the first head of Marketplace Integrity and Trust & Safety. Before joining Etsy, Kruti worked in strategy and business development at Viacom and at Product (RED). Kruti began her career in M&A at Morgan Stanley and at General Atlantic Partners in growth equity.お知らせ • Oct 16Etsy, Inc. to Report Q3, 2025 Results on Oct 29, 2025Etsy, Inc. announced that they will report Q3, 2025 results Pre-Market on Oct 29, 2025Valuation Update With 7 Day Price Move • Oct 03Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €63.86, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 17x in the Multiline Retail industry in Europe. Total loss to shareholders of 44% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €113 per share.お知らせ • Sep 04Etsy, Inc. Announces Executive ChangesEtsy, Inc. announced that Rafe Colburn, the company's current Chief Technology Officer, will expand his remit to Chief Product and Technology Officer, effective September 8, 2025. In this new role, Colburn will now oversee the product and engineering organizations for the Etsy marketplace. He will report to Kruti Patel Goyal, Etsy's President and Chief Growth Officer, and remain part of the company's executive team. This appointment follows the departure of Nick Daniel, who is leaving Etsy to pursue other opportunities. Daniel's last day as Chief Product Officer will be September 5, 2025, and he will remain with the company in an advisory capacity until October. Rafe Colburn is the Chief Technology Officer at Etsy. Previously, Rafe served as Chief Product and Technology and Officer at Depop, where he was responsible for driving the vision for Depop's end-to-end user experience while building a high performing product organization. Previous to Depop, Rafe served as Vice President of Engineering at Etsy, and was responsible for Etsy's Ads, Fulfilment, Seller Experience, Marketing Technology, and Landing Experience teams. During his tenure, he established Etsy's Data Engineering team, and was responsible for Payments and Checkout, Compliance, International, Member Services, and Trust & Safety engineering. Earlier in his career, Colburn was the Principal Engineer at IDology and worked as a consultant at a number of firms building custom applications. He has authored numerous articles, papers, and books on Web development.Valuation Update With 7 Day Price Move • Aug 29Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to €45.84, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 17x in the Multiline Retail industry in Europe. Total loss to shareholders of 58% over the past three years.Recent Insider Transactions • Aug 27Independent Director recently sold €415k worth of stockOn the 22nd of August, Martha Burns sold around 8k shares on-market at roughly €53.57 per share. This transaction amounted to 28% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.0m more than they bought in the last 12 months.Valuation Update With 7 Day Price Move • Aug 13Investor sentiment improves as stock rises 23%After last week's 23% share price gain to €59.02, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 17x in the Multiline Retail industry in Europe. Total loss to shareholders of 49% over the past three years.New Risk • Aug 06New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €395k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (7.0% average weekly change). Negative equity (-US$1.1b). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.8% net profit margin). Significant insider selling over the past 3 months (€395k sold).Reported Earnings • Jul 31Second quarter 2025 earnings released: EPS: US$0.28 (vs US$0.46 in 2Q 2024)Second quarter 2025 results: EPS: US$0.28 (down from US$0.46 in 2Q 2024). Revenue: US$672.7m (up 3.8% from 2Q 2024). Net income: US$28.8m (down 46% from 2Q 2024). Profit margin: 4.3% (down from 8.2% in 2Q 2024). Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Multiline Retail industry in Europe. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings.お知らせ • Jul 17Etsy, Inc. to Report Q2, 2025 Results on Jul 30, 2025Etsy, Inc. announced that they will report Q2, 2025 results Pre-Market on Jul 30, 2025New Risk • Jul 06New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Austrian stocks, typically moving 6.4% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (6.4% average weekly change). Negative equity (-US$910m). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (6.7% net profit margin).Valuation Update With 7 Day Price Move • Jun 16Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €47.15, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 16x in the Multiline Retail industry in Europe. Total loss to shareholders of 32% over the past three years.お知らせ • Jun 03Servco Pacific Inc. and Creator Partners LLC completed the acquisition of Reverb Holdings, Inc. from Etsy, Inc. (NasdaqGS:ETSY).Servco Pacific Inc. and Creator Partners LLC entered into an agreement to acquire Reverb Holdings, Inc. from Etsy, Inc. (NasdaqGS:ETSY) on April 21, 2025. Servco Pacific Inc. and Creator Partners LLC completed the acquisition of Reverb Holdings, Inc. from Etsy, Inc. (NasdaqGS:ETSY) on April 21, 2025.Valuation Update With 7 Day Price Move • Jun 02Investor sentiment improves as stock rises 22%After last week's 22% share price gain to €51.58, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 16x in the Multiline Retail industry in Europe. Total loss to shareholders of 33% over the past three years.Reported Earnings • May 02First quarter 2025 earnings released: US$0.49 loss per share (vs US$0.53 profit in 1Q 2024)First quarter 2025 results: US$0.49 loss per share (down from US$0.53 profit in 1Q 2024). Revenue: US$651.2m (flat on 1Q 2024). Net loss: US$52.1m (down 183% from profit in 1Q 2024). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Multiline Retail industry in Europe. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings.お知らせ • Apr 24Servco Pacific Inc. and Creator Partners LLC entered into an agreement to acquire Reverb Holdings, Inc. from Etsy, Inc. (NasdaqGS:ETSY).Servco Pacific Inc. and Creator Partners LLC entered into an agreement to acquire Reverb Holdings, Inc. from Etsy, Inc. (NasdaqGS:ETSY) on April 21, 2025.お知らせ • Apr 19Etsy, Inc., Annual General Meeting, Jun 17, 2025Etsy, Inc., Annual General Meeting, Jun 17, 2025.お知らせ • Apr 17Etsy, Inc. to Report Q1, 2025 Results on Apr 30, 2025Etsy, Inc. announced that they will report Q1, 2025 results Pre-Market on Apr 30, 2025Valuation Update With 7 Day Price Move • Apr 09Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to €37.10, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 15x in the Multiline Retail industry in Europe. Total loss to shareholders of 66% over the past three years.お知らせ • Mar 27Etsy Appoints Rafe Colburn as Chief Technology Officer Effective May 5, 2025Etsy, Inc. announced the appointment of Rafe Colburn as Chief Technology Officer (CTO), effective May 5, 2025. Colburn brings a wealth of technology leadership experience to the role. He currently serves as Chief Technology & Product Officer at Depop, where he has successfully scaled the technology team to support rapid growth and transformed the customer experience to one that is more app-based and discovery-centric. Prior to Depop, Colburn spent nearly 10 years at Etsy, where he led engineering teams during periods of significant growth and transformation across a wide range of critical areas, including ads, marketing technology, seller experience, trust & safety, localization and translation, and customer support. Colburn will be based out of Etsy's Brooklyn, NY headquarters. He will report to Etsy's CEO Josh Silverman and be part of Etsy's Executive Team. Rafe Colburn currently serves as Chief Technology & Product Officer at Depop. In this role, he is responsible for Depop's product & design function, driving the vision for Depop's end-to-end user experience while building a high-performing product organization. Prior to Depop, Colburn served as Vice President of Engineering at Etsy, and was responsible for Etsy's Ads, Fulfilment, Seller Experience, Marketing Technology, and Landing Experience teams. During his tenure, he established Etsy's Data Engineering team, and was responsible for Payments and Checkout, Compliance, International, Member Services, and Trust & Safety engineering. Earlier in his career, Colburn was the Principal Engineer at IDology and worked as a consultant at a number of firms building custom applications. He has authored numerous articles, papers, and books on Web development.Board Change • Mar 17Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 6 highly experienced directors. Independent Director Marc Steinberg was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Feb 20Full year 2024 earnings released: EPS: US$2.64 (vs US$2.51 in FY 2023)Full year 2024 results: EPS: US$2.64. Revenue: US$2.81b (up 2.2% from FY 2023). Net income: US$303.3m (down 1.4% from FY 2023). Profit margin: 11% (in line with FY 2023). Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Multiline Retail industry in Europe.お知らせ • Feb 06Etsy, Inc. to Report Q4, 2024 Results on Feb 19, 2025Etsy, Inc. announced that they will report Q4, 2024 results Pre-Market on Feb 19, 2025New Risk • Jan 06New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Austrian stocks, typically moving 6.3% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (6.3% average weekly change). Negative equity (-US$624m). Minor RiskBoard Change • Dec 16Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 6 highly experienced directors. Independent Director Marc Steinberg was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.お知らせ • Dec 05Etsy, Inc. Appoints Lanny Baker as Chief Financial Officer, Effective First Week of January 2025Etsy, Inc. announced that Lanny Baker, currently Chief Operating Officer and previously Chief Financial Officer of Eventbrite, will join Etsy as Chief Financial Officer. Baker will succeed Rachel Glaser, who announced her decision to retire in July. As previously announced, Glaser will remain with Etsy as an advisor through June 30, 2025 to ensure a smooth transition. Baker will assume all of Glaser's prior responsibilities, including oversight of Strategic Finance, Analytics, Accounting, Internal Audit, Investor Relations, Tax, Treasury, Strategic Sourcing, and Corporate Development. Baker served as Chief Financial Officer of Eventbrite from September 2019 until November 2024. In August 2024, he added the role of Chief Operating Officer to his responsibilities. Prior to Eventbrite Baker was CFO at Yelp, where he led corporate finance, investor relations and workplace functions during a period of significant growth for the business. Baker has also served as the CEO and CFO at Zip Realty and CFO at Monster Worldwide. Baker began his career as a highly respected equity research analyst in the internet and ecommerce sectors at Salomon Brothers (subsequently Salomon Smith Barney, then Citigroup). Baker has served as a member of the Board of Directors of multiple internet companies, including Leaf Group, XO Group, and HomeAway. The change is effective the first week of January 2025.Board Change • Dec 01Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 6 highly experienced directors. Independent Director Marc Steinberg was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Nov 01Third quarter 2024 earnings released: EPS: US$0.50 (vs US$0.72 in 3Q 2023)Third quarter 2024 results: EPS: US$0.50 (down from US$0.72 in 3Q 2023). Revenue: US$662.4m (up 4.1% from 3Q 2023). Net income: US$57.4m (down 35% from 3Q 2023). Profit margin: 8.7% (down from 14% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Multiline Retail industry in Europe. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 41% per year, which means it is performing significantly worse than earnings.お知らせ • Oct 31Etsy, Inc. (NasdaqGS:ETSY) announces an Equity Buyback for $1,000 million worth of its shares.Etsy, Inc. (NasdaqGS:ETSY) announces a share repurchase program. Under the program, the company will repurchase up to $1,000 million worth of its common stock. The stock repurchase program has no expiration date.お知らせ • Oct 17Etsy, Inc. to Report Q3, 2024 Results on Oct 30, 2024Etsy, Inc. announced that they will report Q3, 2024 results After-Market on Oct 30, 2024お知らせ • Sep 23+ 1 more updateEtsy, Inc.(NasdaqGS:ETSY) dropped from S&P 500 ValueEtsy, Inc.(NasdaqGS:ETSY) dropped from S&P 500 ValueNew Risk • Sep 13New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Austrian stocks, typically moving 5.5% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (5.5% average weekly change). Negative equity (-US$635m). Minor RiskReported Earnings • Aug 01Second quarter 2024 earnings released: EPS: US$0.46 (vs US$0.50 in 2Q 2023)Second quarter 2024 results: EPS: US$0.46 (down from US$0.50 in 2Q 2023). Revenue: US$647.8m (up 3.0% from 2Q 2023). Net income: US$53.0m (down 14% from 2Q 2023). Profit margin: 8.2% (down from 9.8% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Multiline Retail industry in Europe. Over the last 3 years on average, earnings per share has fallen by 24% per year whereas the company’s share price has fallen by 28% per year.お知らせ • Aug 01Etsy, Inc. Announces Planned Retirement of CFO Rachel GlaserEtsy, Inc. announced that Rachel Glaser, Etsy's Chief Financial Officer, has decided to retire after a nearly 40-year career in strategic finance roles, including over seven years in her current role. Etsy has retained an executive recruiting firm to assist in the search for her successor. Ms. Glaser is expected to remain in her current role until a successor is appointed, and to remain with Etsy in an advisory capacity through June 30, 2025 to support continuity and a smooth transition. Since joining Etsy in 2017, Rachel has led Etsy's strategic finance, corporate development, accounting, SEC reporting, investor relations, and other core functions. She has played a key role in scaling Etsy's core marketplace and expanding Etsy into a House of Brands. Rachel Glaser Bio: Rachel has been responsible for overseeing Etsy's global financial operations since 2017. Prior to that, she served as Chief Financial Officer of the Leaf Group and Move, Inc. Rachel also held roles at Yahoo! Inc. as Senior Vice President, Operations Finance and at The Walt Disney Company, where she spent nearly 20 years in positions of increasing responsibility in finance and operations teams. Rachel has served as a member of the Board of Directors of The New York Times Company since 2018.お知らせ • Jul 18Etsy, Inc. to Report Q2, 2024 Results on Jul 31, 2024Etsy, Inc. announced that they will report Q2, 2024 results After-Market on Jul 31, 2024Reported Earnings • May 02First quarter 2024 earnings released: EPS: US$0.53 (vs US$0.60 in 1Q 2023)First quarter 2024 results: EPS: US$0.53 (down from US$0.60 in 1Q 2023). Revenue: US$646.0m (flat on 1Q 2023). Net income: US$63.0m (down 16% from 1Q 2023). Profit margin: 9.8% (down from 12% in 1Q 2023). Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Multiline Retail industry in Europe. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings.お知らせ • Apr 23Etsy, Inc., Annual General Meeting, Jun 13, 2024Etsy, Inc., Annual General Meeting, Jun 13, 2024, at 09:00 US Eastern Standard Time. Agenda: To consider and approve election of Director; to consider and approve ratification of PricewaterhouseCoopers LLP as independent accounting firm; and to consider and approve any other matters.お知らせ • Apr 19Etsy, Inc. to Report Q1, 2024 Results on May 01, 2024Etsy, Inc. announced that they will report Q1, 2024 results After-Market on May 01, 2024New Risk • Feb 23New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 24% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (6.4% average weekly change). Negative equity (-US$544m). Minor Risks Large one-off items impacting financial results.Reported Earnings • Feb 22Full year 2023 earnings released: EPS: US$2.51 (vs US$5.48 loss in FY 2022)Full year 2023 results: EPS: US$2.51 (up from US$5.48 loss in FY 2022). Revenue: US$2.75b (up 7.1% from FY 2022). Net income: US$307.6m (up US$1.00b from FY 2022). Profit margin: 11% (up from net loss in FY 2022). The move to profitability was primarily driven by lower expenses. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Multiline Retail industry in Europe. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings.お知らせ • Feb 22Etsy, Inc. Provides Earnings Guidance for the First Quarter and Fiscal Year 2024Etsy, Inc. provided earnings guidance for the first quarter and fiscal year 2024. For the quarter, the company estimates take rate to be between 21% to 21.5%. This can be used to estimate revenue range for the quarter.For the year, company expected revenue growth to outpace GMS growth; full year take-rate in line or ahead of the first quarter.お知らせ • Feb 08Etsy, Inc. to Report Q4, 2023 Results on Feb 21, 2024Etsy, Inc. announced that they will report Q4, 2023 results After-Market on Feb 21, 2024お知らせ • Dec 14Etsy Inc. Announces Executive ChangesEtsy Inc. announced the departure of Ryan Scott, Chief Marketing Officer, effective December 31, 2023. To assist in the transition, Mr. Scott has agreed to continue in an advisory role, which may extend through June 30, 2024.Raina Moskowitz, formerly Chief Operating Officer, will assume the title of Chief Operating and Marketing Officer, responsible for driving global growth by expanding brand consideration and deepening customer trust and loyalty. Under her expanded role, Ms. Moskowitz will lead Etsy's marketing, international markets, trust &safety, member support, strategy & operations, and impact teams. Ms. Moskowitz has extensive marketing experience from her time with American Express, where she successfully grew share of wallet with the existing customer base, including significantly increasing customer billings and loan growth, while also strategically attracting new customers through marketing channel expansion, improved board of directors of Sprout Social, a leading provider of cloud based social media management software. Also in connection with the Restructuring Plan, Etsy will move its Payments and Fulfillment functions from Ms. Moskowitz's organization to the Product organization, under the leadership of Chief Product Officer Nick Daniel. In connection with the Restructuring Plan, Etsy also announced the departure of Kimaria Seymour, Etsy's Chief Human Resources Officer, effective December 31, 2023. Ms. Seymour is expected to remain at Etsy in an advisory role through June 30, 2024 to assist in the transition. Effective January 1, 2024, Toni Thompson, Etsy's VP, People & Talent Strategy since 2020, will assume the role of Chief Human Resources Officer.Reported Earnings • Nov 02Third quarter 2023 earnings released: EPS: US$0.72 (vs US$7.62 loss in 3Q 2022)Third quarter 2023 results: EPS: US$0.72 (up from US$7.62 loss in 3Q 2022). Revenue: US$636.3m (up 7.0% from 3Q 2022). Net income: US$87.9m (up US$1.05b from 3Q 2022). Profit margin: 14% (up from net loss in 3Q 2022). The move to profitability was primarily driven by lower expenses. Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Multiline Retail industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 47 percentage points per year, which is a significant difference in performance.お知らせ • Nov 02Etsy, Inc. Provides Earnings Guidance for the Year 2023Etsy, Inc. provided earnings guidance for the year 2023. GMS for Fourth Quarter 2023 is currently estimated to decline in the low-single-digit range on a year-over-year basis. However, if trends worsen, that could become a mid-single-digit decline, and if trends improve GMS could be flat or even up slightly year-over-year. The company estimate Fourth Quarter 2023 take rate to be approximately 20.8%, down slightly on a sequential basis due to normal seasonality. This can be used to estimate revenue range for the quarter.お知らせ • Oct 19Etsy, Inc. to Report Q3, 2023 Results on Nov 01, 2023Etsy, Inc. announced that they will report Q3, 2023 results After-Market on Nov 01, 2023New Risk • Sep 19New major risk - Revenue and earnings growthEarnings have declined by 30% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (6.2% average weekly change). Negative equity (-US$464m). Earnings have declined by 30% per year over the past 5 years. Minor Riskお知らせ • Aug 11Enjoei S.A. (BOVESPA:ENJU3) completed the acquisition of Elo7 Serviços de Informática S.A. from Etsy, Inc. (NasdaqGS:ETSY).Enjoei S.A. (BOVESPA:ENJU3) entered into an agreement to acquire Elo7 Serviços de Informática S.A. from Etsy, Inc. (NasdaqGS:ETSY) on July 17 2023. Transaction is expected to close in the third quarter of 2023.Enjoei S.A. (BOVESPA:ENJU3) completed the acquisition of Elo7 Serviços de Informática S.A. from Etsy, Inc. (NasdaqGS:ETSY) on August 10, 2023.Reported Earnings • Aug 03Second quarter 2023 earnings released: EPS: US$0.50 (vs US$0.57 in 2Q 2022)Second quarter 2023 results: EPS: US$0.50 (down from US$0.57 in 2Q 2022). Revenue: US$628.9m (up 7.5% from 2Q 2022). Net income: US$61.9m (down 15% from 2Q 2022). Profit margin: 9.8% (down from 13% in 2Q 2022). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Multiline Retail industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance.お知らせ • Aug 03+ 1 more updateEtsy, Inc. Reports Asset Impairment Charges for the Second Quarter Ended June 30, 2023Etsy, Inc. reported Asset impairment charges for the second quarter ended June 30, 2023. For the second quarter ended June 30, 2023, the company reported impairment charge of the property and equipment and intangible assets of Elo7 for $68.1 million.Buying Opportunity • Aug 02Now 23% undervaluedOver the last 90 days, the stock is up 2.6%. The fair value is estimated to be €112, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Meanwhile, the company became loss making.お知らせ • Jul 21Etsy, Inc. to Report Q2, 2023 Results on Aug 02, 2023Etsy, Inc. announced that they will report Q2, 2023 results After-Market on Aug 02, 2023New Risk • Jun 17New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Austrian stocks, typically moving 5.7% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (5.7% average weekly change). Negative equity (-US$540m). Minor Riskお知らせ • May 05Etsy, Inc. Provides Consolidated Earnings Guidance for the Second Quarter of 2023Etsy, Inc. provided consolidated earnings guidance for the second quarter of 2023. For the quarter, the company expects Revenue of $590 million to $640 Million.Reported Earnings • May 04First quarter 2023 earnings released: EPS: US$0.60 (vs US$0.68 in 1Q 2022)First quarter 2023 results: EPS: US$0.60 (down from US$0.68 in 1Q 2022). Revenue: US$640.9m (up 11% from 1Q 2022). Net income: US$74.5m (down 13% from 1Q 2022). Profit margin: 12% (down from 15% in 1Q 2022). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Multiline Retail industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance.Recent Insider Transactions • Mar 03Chief Technology Officer recently sold €188k worth of stockOn the 28th of February, Rachana Kumar sold around 2k shares on-market at roughly €115 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €3.0m more than they bought in the last 12 months.Reported Earnings • Feb 24Full year 2022 earnings released: US$5.48 loss per share (vs US$3.88 profit in FY 2021)Full year 2022 results: US$5.48 loss per share (down from US$3.88 profit in FY 2021). Revenue: US$2.57b (up 10% from FY 2021). Net loss: US$694.3m (down 241% from profit in FY 2021). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Online Retail industry in Europe. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings.お知らせ • Feb 09Etsy, Inc. to Report Q4, 2022 Results on Feb 22, 2023Etsy, Inc. announced that they will report Q4, 2022 results at 4:00 PM, US Eastern Standard Time on Feb 22, 2023お知らせ • Feb 03Etsy, Inc. Appoints Colin Stretch as Chief Legal Officer and Corporate Secretary, Effective February 14, 2023Etsy, Inc. announced that Colin Stretch will join the company as Chief Legal Officer and Corporate Secretary, effective on February 14, 2023. Colin comes to Etsy with 25 years of experience, including as former General Counsel of Facebook (now Meta) from 2013-2019, where he led the company's legal and compliance functions and corporate legal affairs. After Facebook, Colin spent two years as Leader-in-Residence at Columbia University Law School's Reuben Mark Initiative for Organizational Character & Leadership and, most recently, he was Of Counsel at Latham & Watkins. Earlier in his career, Colin clerked for Justice Stephen G. Breyer on the United States Supreme Court and Judge Laurence H. Silberman on the United States Court of Appeals for the D.C. Circuit. He was also a member of the Honors Program in the Antitrust Division of the United States Department of Justice. Colin will be based out of Etsy's Brooklyn headquarters, report directly to Josh Silverman, and join Etsy's executive team.Recent Insider Transactions • Nov 16Independent Chairman recently sold €1.7m worth of stockOn the 7th of November, Frederick Wilson sold around 18k shares on-market at roughly €98.45 per share. This transaction amounted to 3.4% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Frederick's only on-market trade for the last 12 months.Recent Insider Transactions • Nov 10Independent Chairman recently sold €1.7m worth of stockOn the 7th of November, Frederick Wilson sold around 18k shares on-market at roughly €98.45 per share. This transaction amounted to 3.4% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Frederick's only on-market trade for the last 12 months.Reported Earnings • Nov 03Third quarter 2022 earnings released: US$7.62 loss per share (vs US$0.71 profit in 3Q 2021)Third quarter 2022 results: US$7.62 loss per share (down from US$0.71 profit in 3Q 2021). Revenue: US$594.5m (up 12% from 3Q 2021). Net loss: US$963.1m (down US$1.05b from profit in 3Q 2021). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Online Retail industry in Europe. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 34% per year, which means it is well ahead of earnings.Reported Earnings • Jul 28Second quarter 2022 earnings released: EPS: US$0.57 (vs US$0.77 in 2Q 2021)Second quarter 2022 results: EPS: US$0.57 (down from US$0.77 in 2Q 2021). Revenue: US$585.1m (up 11% from 2Q 2021). Net income: US$73.1m (down 26% from 2Q 2021). Profit margin: 13% (down from 19% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 10.0%, compared to a 36% growth forecast for the industry in Austria. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Jul 21Investor sentiment improved over the past weekAfter last week's 15% share price gain to €91.97, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 16x in the Online Retail industry in Europe. Total returns to shareholders of 49% over the past three years.Valuation Update With 7 Day Price Move • Jul 06Investor sentiment improved over the past weekAfter last week's 20% share price gain to €84.50, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 17x in the Online Retail industry in Europe. Total returns to shareholders of 43% over the past three years.Valuation Update With 7 Day Price Move • Jun 15Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to €68.76, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 15x in the Online Retail industry in Europe. Total returns to shareholders of 15% over the past three years.Valuation Update With 7 Day Price Move • May 23Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €71.34, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 17x in the Online Retail industry in Europe. Total returns to shareholders of 23% over the past three years.Reported Earnings • May 06First quarter 2022 earnings released: EPS: US$0.68 (vs US$1.14 in 1Q 2021)First quarter 2022 results: EPS: US$0.68 (down from US$1.14 in 1Q 2021). Revenue: US$579.3m (up 5.2% from 1Q 2021). Net income: US$86.1m (down 40% from 1Q 2021). Profit margin: 15% (down from 26% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 16%, compared to a 37% growth forecast for the industry in Austria. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Mar 11Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to €114, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 14x in the Online Retail industry in Europe. Total loss to shareholders of 37% over the past year.Reported Earnings • Feb 25Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: US$3.88 (up from US$2.88 in FY 2020). Revenue: US$2.33b (up 35% from FY 2020). Net income: US$493.5m (up 41% from FY 2020). Profit margin: 21% (in line with FY 2020). Revenue exceeded analyst estimates by 1.4%. Over the next year, revenue is forecast to grow 19%, compared to a 43% growth forecast for the retail industry in Austria.Valuation Update With 7 Day Price Move • Jan 25Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to €122, the stock trades at a forward P/E ratio of 46x. Average forward P/E is 17x in the Online Retail industry in Europe. Total loss to shareholders of 29% over the past year.Valuation Update With 7 Day Price Move • Jan 10Investor sentiment deteriorated over the past weekAfter last week's 19% share price decline to €157, the stock trades at a forward P/E ratio of 55x. Average forward P/E is 19x in the Online Retail industry in Europe. Total returns to shareholders of 2.8% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €298 per share.Valuation Update With 7 Day Price Move • Dec 03Investor sentiment deteriorated over the past weekAfter last week's 21% share price decline to €204, the stock trades at a forward P/E ratio of 74x. Average forward P/E is 19x in the Online Retail industry in Europe. Total returns to shareholders of 59% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €241 per share.Valuation Update With 7 Day Price Move • Nov 18Investor sentiment improved over the past weekAfter last week's 16% share price gain to €254, the stock trades at a forward P/E ratio of 83x. Average forward P/E is 21x in the Online Retail industry in Europe. Total returns to shareholders of 125% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €266 per share.Recent Insider Transactions • Nov 10Insider recently sold €1.5m worth of stockOn the 5th of November, Jill Simeone sold around 7k shares on-market at roughly €227 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €6.2m more than they bought in the last 12 months.Reported Earnings • Nov 05Third quarter 2021 earnings released: EPS US$0.71 (vs US$0.75 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: US$532.4m (up 18% from 3Q 2020). Net income: US$89.9m (down 2.0% from 3Q 2020). Profit margin: 17% (down from 20% in 3Q 2020). The decrease in margin was driven by higher expenses.Board Change • Nov 04Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 1 highly experienced director. Director Andy Ballard was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Aug 05Second quarter 2021 earnings released: EPS US$0.77 (vs US$0.81 in 2Q 2020)The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: US$528.9m (up 23% from 2Q 2020). Net income: US$98.3m (up 1.9% from 2Q 2020). Profit margin: 19% (down from 23% in 2Q 2020). The decrease in margin was driven by higher expenses.Reported Earnings • May 08First quarter 2021 earnings released: EPS US$1.14 (vs US$0.11 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$550.6m (up 142% from 1Q 2020). Net income: US$143.8m (up US$131.2m from 1Q 2020). Profit margin: 26% (up from 5.5% in 1Q 2020). The increase in margin was driven by higher revenue.Valuation Update With 7 Day Price Move • Mar 07Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to US$152, the stock is trading at a trailing P/E ratio of 69.5x, down from the previous P/E ratio of 82.4x. This compares to an average P/E of 33x in the Online Retail industry in Europe. Total returns to shareholders over the past year are 183%.Recent Insider Transactions • Mar 05Independent Chairman recently sold €4.6m worth of stockOn the 1st of March, Frederick Wilson sold around 23k shares on-market at roughly €203 per share. This was the largest sale by an insider in the last 3 months. This was Frederick's only on-market trade for the last 12 months.Is New 90 Day High Low • Mar 02New 90-day high: €200The company is up 53% from its price of €131 on 01 December 2020. The Austrian market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Online Retail industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €206 per share.株主還元ETSYAT Multiline RetailAT 市場7D4.0%1.6%0.9%1Y25.1%-8.4%25.4%株主還元を見る業界別リターン: ETSY過去 1 年間で-8.4 % の収益を上げたAustrian Multiline Retail業界を上回りました。リターン対市場: ETSYは、過去 1 年間で25.4 % のリターンをもたらしたAustrianマーケットと一致しました。価格変動Is ETSY's price volatile compared to industry and market?ETSY volatilityETSY Average Weekly Movement6.7%Multiline Retail Industry Average Movement5.4%Market Average Movement5.0%10% most volatile stocks in AT Market6.9%10% least volatile stocks in AT Market2.9%安定した株価: ETSYの株価は、 Austrian市場と比較して過去 3 か月間で変動しています。時間の経過による変動: ETSYの weekly volatility ( 7% ) は過去 1 年間安定していますが、依然としてAustrianの株式の 75% よりも高くなっています。会社概要設立従業員CEO（最高経営責任者ウェブサイト20052,375Kruti Patel Goyalwww.etsy.comEtsy, Inc.は、その子会社とともに、世界中の買い手と売り手をつなぐ双方向のオンラインマーケットプレイスを運営している。同社は3つのセグメントで事業を展開している：Etsy、Reverb、Depopである。同社は主に、職人や起業家と様々な消費者を結びつけるEtsyマーケットプレイスを運営している。また、楽器マーケットプレイスのReverb、ファッション再販マーケットプレイスのDepopも提供している。加えて、同社は、取引オフサイト広告、支払い処理、出品手数料を含むマーケットプレイス活動や、オンサイト広告や出荷ラベルを含むオプションの売り手サービスも提供している。さらに、同社は、売り手がより多くの代理権を持ち、自分のビジネスをコントロールできるように設計されたEtsy Search Visibility Page、買い手を支援するように設計されたEtsy Purchase Protectionプログラム、売り手が自分のチャネルからEtsyショップに誘導する売上に対してEtsyの手数料を節約するためのEtsy Share & Saveプログラム、および教育リソースを提供している。同社は2006年6月にIndieco, Inc.からEtsy, Inc.に社名を変更した。は2005年に設立され、ニューヨークのブルックリンに本社を置いている。もっと見るEtsy, Inc. 基礎のまとめEtsy の収益と売上を時価総額と比較するとどうか。ETSY 基礎統計学時価総額€5.10b収益（TTM）€260.83m売上高(TTM)€2.50b19.6xPER（株価収益率2.0xP/SレシオETSY は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計ETSY 損益計算書（TTM）収益US$2.90b売上原価US$825.68m売上総利益US$2.08bその他の費用US$1.77b収益US$302.73m直近の収益報告Mar 31, 2026次回決算日該当なし一株当たり利益（EPS）3.19グロス・マージン71.55%純利益率10.43%有利子負債／自己資本比率-262.5%ETSY の長期的なパフォーマンスは？過去の実績と比較を見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/24 20:23終値2026/05/22 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Etsy, Inc. 27 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。51 アナリスト機関Richard KramerArete Research Services LLPOliver LesterArete Research Services LLPTrevor YoungBarclays48 その他のアナリストを表示
New Risk • May 07New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €462k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (7.9% average weekly change). Negative equity (-US$1.1b). Minor Risks Significant insider selling over the past 3 months (€462k sold).
Reported Earnings • Apr 30First quarter 2026 earnings released: EPS: US$1.09 (vs US$0.33 loss in 1Q 2025)First quarter 2026 results: EPS: US$1.09 (up from US$0.33 loss in 1Q 2025). Revenue: US$631.3m (up 3.1% from 1Q 2025). Net income: US$104.7m (up US$139.7m from 1Q 2025). Profit margin: 17% (up from net loss in 1Q 2025). The move to profitability was primarily driven by lower expenses. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Multiline Retail industry in Europe. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.
お知らせ • Apr 21Etsy, Inc., Annual General Meeting, Jun 09, 2026Etsy, Inc., Annual General Meeting, Jun 09, 2026.
Valuation Update With 7 Day Price Move • Apr 20Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €53.30, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 13x in the Multiline Retail industry in Europe. Total loss to shareholders of 42% over the past three years.
お知らせ • Apr 16Etsy, Inc. to Report Q1, 2026 Results on Apr 29, 2026Etsy, Inc. announced that they will report Q1, 2026 results at 9:30 AM, US Eastern Standard Time on Apr 29, 2026
Reported Earnings • Feb 20Full year 2025 earnings released: EPS: US$1.59 (vs US$2.64 in FY 2024)Full year 2025 results: EPS: US$1.59 (down from US$2.64 in FY 2024). Revenue: US$2.88b (up 2.7% from FY 2024). Net income: US$163.0m (down 46% from FY 2024). Profit margin: 5.7% (down from 11% in FY 2024). Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Multiline Retail industry in Europe. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings.
New Risk • May 07New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €462k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (7.9% average weekly change). Negative equity (-US$1.1b). Minor Risks Significant insider selling over the past 3 months (€462k sold).
Reported Earnings • Apr 30First quarter 2026 earnings released: EPS: US$1.09 (vs US$0.33 loss in 1Q 2025)First quarter 2026 results: EPS: US$1.09 (up from US$0.33 loss in 1Q 2025). Revenue: US$631.3m (up 3.1% from 1Q 2025). Net income: US$104.7m (up US$139.7m from 1Q 2025). Profit margin: 17% (up from net loss in 1Q 2025). The move to profitability was primarily driven by lower expenses. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Multiline Retail industry in Europe. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.
お知らせ • Apr 21Etsy, Inc., Annual General Meeting, Jun 09, 2026Etsy, Inc., Annual General Meeting, Jun 09, 2026.
Valuation Update With 7 Day Price Move • Apr 20Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €53.30, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 13x in the Multiline Retail industry in Europe. Total loss to shareholders of 42% over the past three years.
お知らせ • Apr 16Etsy, Inc. to Report Q1, 2026 Results on Apr 29, 2026Etsy, Inc. announced that they will report Q1, 2026 results at 9:30 AM, US Eastern Standard Time on Apr 29, 2026
Reported Earnings • Feb 20Full year 2025 earnings released: EPS: US$1.59 (vs US$2.64 in FY 2024)Full year 2025 results: EPS: US$1.59 (down from US$2.64 in FY 2024). Revenue: US$2.88b (up 2.7% from FY 2024). Net income: US$163.0m (down 46% from FY 2024). Profit margin: 5.7% (down from 11% in FY 2024). Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Multiline Retail industry in Europe. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings.
お知らせ • Feb 19eBay Inc. (NasdaqGS:EBAY) entered into a Sale and Purchase Agreement to acquire Depop Limited from Etsy, Inc. (NYSE:ETSY) for approximately $1.2 billion.eBay Inc. (NasdaqGS:EBAY) entered into a Sale and Purchase Agreement to acquire Depop Limited from Etsy, Inc. (NYSE:ETSY) for approximately $1.2 billion on February 15, 2026. As part of the acquisition, eBay Inc. will acquire all of the outstanding equity interests of Depop Limited. The consideration of $1.2 billion will be paid in cash and is subject to certain purchase price adjustments. The transaction will be financed through cash on hand. In case of termination of transaction, eBay Inc. will pay a termination fee of $90 million to Etsy, Inc. The Purchase Agreement also provides that, upon certain termination events, eBay Inc. will be required to pay Etsy, Inc an additional termination fee of $70 million. For the period ended December 31, 2025, Depop Limited reported revenue of $1 billion. The transaction is subject to the satisfaction of certain closing conditions and receipt of required regulatory approvals. The deal has been unanimously approved by the board of directors of eBay Inc. and Etsy, Inc. The transaction is currently expected to close in the second quarter of 2026. The proceeds from the sale will be utilized by Etsy, Inc. for general corporate purposes, continued share repurchases and investment in its core marketplace. Ken S. Myers and Bomi Lee of Fenwick & West LLP acted as legal advisor to Etsy, Inc. Ethan Klingsberg, Zheng (Jonathan) Zhou and Jeff Zhang of Freshfields US LLP acted as legal advisor to eBay Inc.
Valuation Update With 7 Day Price Move • Feb 13Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to €38.99, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 14x in the Multiline Retail industry in Europe. Total loss to shareholders of 67% over the past three years.
お知らせ • Feb 06Etsy, Inc. to Report Q4, 2025 Results on Feb 19, 2026Etsy, Inc. announced that they will report Q4, 2025 results Pre-Market on Feb 19, 2026
Valuation Update With 7 Day Price Move • Jan 29Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to €46.17, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 16x in the Multiline Retail industry in Europe. Total loss to shareholders of 65% over the past three years.
お知らせ • Dec 22Etsy, Inc. (NYSE:ETSY) announces an Equity Buyback for $750 million worth of its shares.Etsy, Inc. (NasdaqGS:ETSY) announces a share repurchase program. Under the program, the company will repurchase up to $750 million worth of its common stock. The stock repurchase program has no expiration date.
お知らせ • Dec 18Etsy, Inc. Appoints Fred Wilson as Lead Independent Director, Effective January 1, 2026The Board of Etsy, Inc. appointed the current Chair of the Board, Fred Wilson, as Lead Independent Director effective January 1, 2026. Fred Wilson is the Founder and Partner of Union Square Ventures and has served on Etsy's board since 2007. He provides significant experience in corporate governance, technology company strategy, and scaling businesses in growth. He is also a well-known thought leader on technology, venture capital, and management matters.
Valuation Update With 7 Day Price Move • Nov 19Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to €45.89, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 15x in the Multiline Retail industry in Europe. Total loss to shareholders of 60% over the past three years.
Reported Earnings • Oct 30Third quarter 2025 earnings released: EPS: US$0.76 (vs US$0.50 in 3Q 2024)Third quarter 2025 results: EPS: US$0.76 (up from US$0.50 in 3Q 2024). Revenue: US$678.0m (up 2.4% from 3Q 2024). Net income: US$75.5m (up 32% from 3Q 2024). Profit margin: 11% (up from 8.7% in 3Q 2024). Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Multiline Retail industry in Europe. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings.
お知らせ • Oct 29+ 1 more updateEtsy, Inc. Announces CEO ChangesEtsy, Inc. announced that its current President and Chief Growth Officer, Kruti Patel Goyal, will become Chief Executive Officer, effective January 1, 2026. This appointment comes as Josh Silverman has decided to step down as CEO, effective December 31, 2025. Kruti Patel Goyal is Etsy's President and Chief Growth Officer, responsible for bringing together all customer touch points to deliver a more compelling and inspiring experience for Etsy's millions of buyers and sellers. She oversees Product, Engineering, Marketing, Customer Support, Trust and Safety, and Strategy and Operations. Kruti was named CEO of Depop in September 2022. During her tenure, gross merchandise sales and buyer base nearly doubled as Depop focused on strengthening its core marketplace and differentiated value proposition in the growing secondhand market. Under her leadership, Depop became the fastest-growing online apparel resale marketplace in the United States and was named to TIME's list of the 100 Most Influential Companies 2024. Prior to joining Depop, Kruti worked at Etsy for over 10 years, serving in leadership roles through multiple phases of Etsy's growth. Her responsibilities included serving as Etsy's Chief Product Officer, overseeing Etsy's global Seller Services business, managing Corporate Development, leading the International Growth team and serving as the first head of Marketplace Integrity and Trust & Safety. Before joining Etsy, Kruti worked in strategy and business development at Viacom and at Product (RED). Kruti began her career in M&A at Morgan Stanley and at General Atlantic Partners in growth equity.
お知らせ • Oct 16Etsy, Inc. to Report Q3, 2025 Results on Oct 29, 2025Etsy, Inc. announced that they will report Q3, 2025 results Pre-Market on Oct 29, 2025
Valuation Update With 7 Day Price Move • Oct 03Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €63.86, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 17x in the Multiline Retail industry in Europe. Total loss to shareholders of 44% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €113 per share.
お知らせ • Sep 04Etsy, Inc. Announces Executive ChangesEtsy, Inc. announced that Rafe Colburn, the company's current Chief Technology Officer, will expand his remit to Chief Product and Technology Officer, effective September 8, 2025. In this new role, Colburn will now oversee the product and engineering organizations for the Etsy marketplace. He will report to Kruti Patel Goyal, Etsy's President and Chief Growth Officer, and remain part of the company's executive team. This appointment follows the departure of Nick Daniel, who is leaving Etsy to pursue other opportunities. Daniel's last day as Chief Product Officer will be September 5, 2025, and he will remain with the company in an advisory capacity until October. Rafe Colburn is the Chief Technology Officer at Etsy. Previously, Rafe served as Chief Product and Technology and Officer at Depop, where he was responsible for driving the vision for Depop's end-to-end user experience while building a high performing product organization. Previous to Depop, Rafe served as Vice President of Engineering at Etsy, and was responsible for Etsy's Ads, Fulfilment, Seller Experience, Marketing Technology, and Landing Experience teams. During his tenure, he established Etsy's Data Engineering team, and was responsible for Payments and Checkout, Compliance, International, Member Services, and Trust & Safety engineering. Earlier in his career, Colburn was the Principal Engineer at IDology and worked as a consultant at a number of firms building custom applications. He has authored numerous articles, papers, and books on Web development.
Valuation Update With 7 Day Price Move • Aug 29Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to €45.84, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 17x in the Multiline Retail industry in Europe. Total loss to shareholders of 58% over the past three years.
Recent Insider Transactions • Aug 27Independent Director recently sold €415k worth of stockOn the 22nd of August, Martha Burns sold around 8k shares on-market at roughly €53.57 per share. This transaction amounted to 28% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.0m more than they bought in the last 12 months.
Valuation Update With 7 Day Price Move • Aug 13Investor sentiment improves as stock rises 23%After last week's 23% share price gain to €59.02, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 17x in the Multiline Retail industry in Europe. Total loss to shareholders of 49% over the past three years.
New Risk • Aug 06New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €395k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (7.0% average weekly change). Negative equity (-US$1.1b). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.8% net profit margin). Significant insider selling over the past 3 months (€395k sold).
Reported Earnings • Jul 31Second quarter 2025 earnings released: EPS: US$0.28 (vs US$0.46 in 2Q 2024)Second quarter 2025 results: EPS: US$0.28 (down from US$0.46 in 2Q 2024). Revenue: US$672.7m (up 3.8% from 2Q 2024). Net income: US$28.8m (down 46% from 2Q 2024). Profit margin: 4.3% (down from 8.2% in 2Q 2024). Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Multiline Retail industry in Europe. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings.
お知らせ • Jul 17Etsy, Inc. to Report Q2, 2025 Results on Jul 30, 2025Etsy, Inc. announced that they will report Q2, 2025 results Pre-Market on Jul 30, 2025
New Risk • Jul 06New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Austrian stocks, typically moving 6.4% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (6.4% average weekly change). Negative equity (-US$910m). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (6.7% net profit margin).
Valuation Update With 7 Day Price Move • Jun 16Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €47.15, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 16x in the Multiline Retail industry in Europe. Total loss to shareholders of 32% over the past three years.
お知らせ • Jun 03Servco Pacific Inc. and Creator Partners LLC completed the acquisition of Reverb Holdings, Inc. from Etsy, Inc. (NasdaqGS:ETSY).Servco Pacific Inc. and Creator Partners LLC entered into an agreement to acquire Reverb Holdings, Inc. from Etsy, Inc. (NasdaqGS:ETSY) on April 21, 2025. Servco Pacific Inc. and Creator Partners LLC completed the acquisition of Reverb Holdings, Inc. from Etsy, Inc. (NasdaqGS:ETSY) on April 21, 2025.
Valuation Update With 7 Day Price Move • Jun 02Investor sentiment improves as stock rises 22%After last week's 22% share price gain to €51.58, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 16x in the Multiline Retail industry in Europe. Total loss to shareholders of 33% over the past three years.
Reported Earnings • May 02First quarter 2025 earnings released: US$0.49 loss per share (vs US$0.53 profit in 1Q 2024)First quarter 2025 results: US$0.49 loss per share (down from US$0.53 profit in 1Q 2024). Revenue: US$651.2m (flat on 1Q 2024). Net loss: US$52.1m (down 183% from profit in 1Q 2024). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Multiline Retail industry in Europe. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings.
お知らせ • Apr 24Servco Pacific Inc. and Creator Partners LLC entered into an agreement to acquire Reverb Holdings, Inc. from Etsy, Inc. (NasdaqGS:ETSY).Servco Pacific Inc. and Creator Partners LLC entered into an agreement to acquire Reverb Holdings, Inc. from Etsy, Inc. (NasdaqGS:ETSY) on April 21, 2025.
お知らせ • Apr 19Etsy, Inc., Annual General Meeting, Jun 17, 2025Etsy, Inc., Annual General Meeting, Jun 17, 2025.
お知らせ • Apr 17Etsy, Inc. to Report Q1, 2025 Results on Apr 30, 2025Etsy, Inc. announced that they will report Q1, 2025 results Pre-Market on Apr 30, 2025
Valuation Update With 7 Day Price Move • Apr 09Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to €37.10, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 15x in the Multiline Retail industry in Europe. Total loss to shareholders of 66% over the past three years.
お知らせ • Mar 27Etsy Appoints Rafe Colburn as Chief Technology Officer Effective May 5, 2025Etsy, Inc. announced the appointment of Rafe Colburn as Chief Technology Officer (CTO), effective May 5, 2025. Colburn brings a wealth of technology leadership experience to the role. He currently serves as Chief Technology & Product Officer at Depop, where he has successfully scaled the technology team to support rapid growth and transformed the customer experience to one that is more app-based and discovery-centric. Prior to Depop, Colburn spent nearly 10 years at Etsy, where he led engineering teams during periods of significant growth and transformation across a wide range of critical areas, including ads, marketing technology, seller experience, trust & safety, localization and translation, and customer support. Colburn will be based out of Etsy's Brooklyn, NY headquarters. He will report to Etsy's CEO Josh Silverman and be part of Etsy's Executive Team. Rafe Colburn currently serves as Chief Technology & Product Officer at Depop. In this role, he is responsible for Depop's product & design function, driving the vision for Depop's end-to-end user experience while building a high-performing product organization. Prior to Depop, Colburn served as Vice President of Engineering at Etsy, and was responsible for Etsy's Ads, Fulfilment, Seller Experience, Marketing Technology, and Landing Experience teams. During his tenure, he established Etsy's Data Engineering team, and was responsible for Payments and Checkout, Compliance, International, Member Services, and Trust & Safety engineering. Earlier in his career, Colburn was the Principal Engineer at IDology and worked as a consultant at a number of firms building custom applications. He has authored numerous articles, papers, and books on Web development.
Board Change • Mar 17Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 6 highly experienced directors. Independent Director Marc Steinberg was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Feb 20Full year 2024 earnings released: EPS: US$2.64 (vs US$2.51 in FY 2023)Full year 2024 results: EPS: US$2.64. Revenue: US$2.81b (up 2.2% from FY 2023). Net income: US$303.3m (down 1.4% from FY 2023). Profit margin: 11% (in line with FY 2023). Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Multiline Retail industry in Europe.
お知らせ • Feb 06Etsy, Inc. to Report Q4, 2024 Results on Feb 19, 2025Etsy, Inc. announced that they will report Q4, 2024 results Pre-Market on Feb 19, 2025
New Risk • Jan 06New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Austrian stocks, typically moving 6.3% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (6.3% average weekly change). Negative equity (-US$624m). Minor Risk
Board Change • Dec 16Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 6 highly experienced directors. Independent Director Marc Steinberg was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Dec 05Etsy, Inc. Appoints Lanny Baker as Chief Financial Officer, Effective First Week of January 2025Etsy, Inc. announced that Lanny Baker, currently Chief Operating Officer and previously Chief Financial Officer of Eventbrite, will join Etsy as Chief Financial Officer. Baker will succeed Rachel Glaser, who announced her decision to retire in July. As previously announced, Glaser will remain with Etsy as an advisor through June 30, 2025 to ensure a smooth transition. Baker will assume all of Glaser's prior responsibilities, including oversight of Strategic Finance, Analytics, Accounting, Internal Audit, Investor Relations, Tax, Treasury, Strategic Sourcing, and Corporate Development. Baker served as Chief Financial Officer of Eventbrite from September 2019 until November 2024. In August 2024, he added the role of Chief Operating Officer to his responsibilities. Prior to Eventbrite Baker was CFO at Yelp, where he led corporate finance, investor relations and workplace functions during a period of significant growth for the business. Baker has also served as the CEO and CFO at Zip Realty and CFO at Monster Worldwide. Baker began his career as a highly respected equity research analyst in the internet and ecommerce sectors at Salomon Brothers (subsequently Salomon Smith Barney, then Citigroup). Baker has served as a member of the Board of Directors of multiple internet companies, including Leaf Group, XO Group, and HomeAway. The change is effective the first week of January 2025.
Board Change • Dec 01Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 6 highly experienced directors. Independent Director Marc Steinberg was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Nov 01Third quarter 2024 earnings released: EPS: US$0.50 (vs US$0.72 in 3Q 2023)Third quarter 2024 results: EPS: US$0.50 (down from US$0.72 in 3Q 2023). Revenue: US$662.4m (up 4.1% from 3Q 2023). Net income: US$57.4m (down 35% from 3Q 2023). Profit margin: 8.7% (down from 14% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Multiline Retail industry in Europe. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 41% per year, which means it is performing significantly worse than earnings.
お知らせ • Oct 31Etsy, Inc. (NasdaqGS:ETSY) announces an Equity Buyback for $1,000 million worth of its shares.Etsy, Inc. (NasdaqGS:ETSY) announces a share repurchase program. Under the program, the company will repurchase up to $1,000 million worth of its common stock. The stock repurchase program has no expiration date.
お知らせ • Oct 17Etsy, Inc. to Report Q3, 2024 Results on Oct 30, 2024Etsy, Inc. announced that they will report Q3, 2024 results After-Market on Oct 30, 2024
お知らせ • Sep 23+ 1 more updateEtsy, Inc.(NasdaqGS:ETSY) dropped from S&P 500 ValueEtsy, Inc.(NasdaqGS:ETSY) dropped from S&P 500 Value
New Risk • Sep 13New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Austrian stocks, typically moving 5.5% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (5.5% average weekly change). Negative equity (-US$635m). Minor Risk
Reported Earnings • Aug 01Second quarter 2024 earnings released: EPS: US$0.46 (vs US$0.50 in 2Q 2023)Second quarter 2024 results: EPS: US$0.46 (down from US$0.50 in 2Q 2023). Revenue: US$647.8m (up 3.0% from 2Q 2023). Net income: US$53.0m (down 14% from 2Q 2023). Profit margin: 8.2% (down from 9.8% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Multiline Retail industry in Europe. Over the last 3 years on average, earnings per share has fallen by 24% per year whereas the company’s share price has fallen by 28% per year.
お知らせ • Aug 01Etsy, Inc. Announces Planned Retirement of CFO Rachel GlaserEtsy, Inc. announced that Rachel Glaser, Etsy's Chief Financial Officer, has decided to retire after a nearly 40-year career in strategic finance roles, including over seven years in her current role. Etsy has retained an executive recruiting firm to assist in the search for her successor. Ms. Glaser is expected to remain in her current role until a successor is appointed, and to remain with Etsy in an advisory capacity through June 30, 2025 to support continuity and a smooth transition. Since joining Etsy in 2017, Rachel has led Etsy's strategic finance, corporate development, accounting, SEC reporting, investor relations, and other core functions. She has played a key role in scaling Etsy's core marketplace and expanding Etsy into a House of Brands. Rachel Glaser Bio: Rachel has been responsible for overseeing Etsy's global financial operations since 2017. Prior to that, she served as Chief Financial Officer of the Leaf Group and Move, Inc. Rachel also held roles at Yahoo! Inc. as Senior Vice President, Operations Finance and at The Walt Disney Company, where she spent nearly 20 years in positions of increasing responsibility in finance and operations teams. Rachel has served as a member of the Board of Directors of The New York Times Company since 2018.
お知らせ • Jul 18Etsy, Inc. to Report Q2, 2024 Results on Jul 31, 2024Etsy, Inc. announced that they will report Q2, 2024 results After-Market on Jul 31, 2024
Reported Earnings • May 02First quarter 2024 earnings released: EPS: US$0.53 (vs US$0.60 in 1Q 2023)First quarter 2024 results: EPS: US$0.53 (down from US$0.60 in 1Q 2023). Revenue: US$646.0m (flat on 1Q 2023). Net income: US$63.0m (down 16% from 1Q 2023). Profit margin: 9.8% (down from 12% in 1Q 2023). Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Multiline Retail industry in Europe. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings.
お知らせ • Apr 23Etsy, Inc., Annual General Meeting, Jun 13, 2024Etsy, Inc., Annual General Meeting, Jun 13, 2024, at 09:00 US Eastern Standard Time. Agenda: To consider and approve election of Director; to consider and approve ratification of PricewaterhouseCoopers LLP as independent accounting firm; and to consider and approve any other matters.
お知らせ • Apr 19Etsy, Inc. to Report Q1, 2024 Results on May 01, 2024Etsy, Inc. announced that they will report Q1, 2024 results After-Market on May 01, 2024
New Risk • Feb 23New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 24% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (6.4% average weekly change). Negative equity (-US$544m). Minor Risks Large one-off items impacting financial results.
Reported Earnings • Feb 22Full year 2023 earnings released: EPS: US$2.51 (vs US$5.48 loss in FY 2022)Full year 2023 results: EPS: US$2.51 (up from US$5.48 loss in FY 2022). Revenue: US$2.75b (up 7.1% from FY 2022). Net income: US$307.6m (up US$1.00b from FY 2022). Profit margin: 11% (up from net loss in FY 2022). The move to profitability was primarily driven by lower expenses. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Multiline Retail industry in Europe. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings.
お知らせ • Feb 22Etsy, Inc. Provides Earnings Guidance for the First Quarter and Fiscal Year 2024Etsy, Inc. provided earnings guidance for the first quarter and fiscal year 2024. For the quarter, the company estimates take rate to be between 21% to 21.5%. This can be used to estimate revenue range for the quarter.For the year, company expected revenue growth to outpace GMS growth; full year take-rate in line or ahead of the first quarter.
お知らせ • Feb 08Etsy, Inc. to Report Q4, 2023 Results on Feb 21, 2024Etsy, Inc. announced that they will report Q4, 2023 results After-Market on Feb 21, 2024
お知らせ • Dec 14Etsy Inc. Announces Executive ChangesEtsy Inc. announced the departure of Ryan Scott, Chief Marketing Officer, effective December 31, 2023. To assist in the transition, Mr. Scott has agreed to continue in an advisory role, which may extend through June 30, 2024.Raina Moskowitz, formerly Chief Operating Officer, will assume the title of Chief Operating and Marketing Officer, responsible for driving global growth by expanding brand consideration and deepening customer trust and loyalty. Under her expanded role, Ms. Moskowitz will lead Etsy's marketing, international markets, trust &safety, member support, strategy & operations, and impact teams. Ms. Moskowitz has extensive marketing experience from her time with American Express, where she successfully grew share of wallet with the existing customer base, including significantly increasing customer billings and loan growth, while also strategically attracting new customers through marketing channel expansion, improved board of directors of Sprout Social, a leading provider of cloud based social media management software. Also in connection with the Restructuring Plan, Etsy will move its Payments and Fulfillment functions from Ms. Moskowitz's organization to the Product organization, under the leadership of Chief Product Officer Nick Daniel. In connection with the Restructuring Plan, Etsy also announced the departure of Kimaria Seymour, Etsy's Chief Human Resources Officer, effective December 31, 2023. Ms. Seymour is expected to remain at Etsy in an advisory role through June 30, 2024 to assist in the transition. Effective January 1, 2024, Toni Thompson, Etsy's VP, People & Talent Strategy since 2020, will assume the role of Chief Human Resources Officer.
Reported Earnings • Nov 02Third quarter 2023 earnings released: EPS: US$0.72 (vs US$7.62 loss in 3Q 2022)Third quarter 2023 results: EPS: US$0.72 (up from US$7.62 loss in 3Q 2022). Revenue: US$636.3m (up 7.0% from 3Q 2022). Net income: US$87.9m (up US$1.05b from 3Q 2022). Profit margin: 14% (up from net loss in 3Q 2022). The move to profitability was primarily driven by lower expenses. Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Multiline Retail industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 47 percentage points per year, which is a significant difference in performance.
お知らせ • Nov 02Etsy, Inc. Provides Earnings Guidance for the Year 2023Etsy, Inc. provided earnings guidance for the year 2023. GMS for Fourth Quarter 2023 is currently estimated to decline in the low-single-digit range on a year-over-year basis. However, if trends worsen, that could become a mid-single-digit decline, and if trends improve GMS could be flat or even up slightly year-over-year. The company estimate Fourth Quarter 2023 take rate to be approximately 20.8%, down slightly on a sequential basis due to normal seasonality. This can be used to estimate revenue range for the quarter.
お知らせ • Oct 19Etsy, Inc. to Report Q3, 2023 Results on Nov 01, 2023Etsy, Inc. announced that they will report Q3, 2023 results After-Market on Nov 01, 2023
New Risk • Sep 19New major risk - Revenue and earnings growthEarnings have declined by 30% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (6.2% average weekly change). Negative equity (-US$464m). Earnings have declined by 30% per year over the past 5 years. Minor Risk
お知らせ • Aug 11Enjoei S.A. (BOVESPA:ENJU3) completed the acquisition of Elo7 Serviços de Informática S.A. from Etsy, Inc. (NasdaqGS:ETSY).Enjoei S.A. (BOVESPA:ENJU3) entered into an agreement to acquire Elo7 Serviços de Informática S.A. from Etsy, Inc. (NasdaqGS:ETSY) on July 17 2023. Transaction is expected to close in the third quarter of 2023.Enjoei S.A. (BOVESPA:ENJU3) completed the acquisition of Elo7 Serviços de Informática S.A. from Etsy, Inc. (NasdaqGS:ETSY) on August 10, 2023.
Reported Earnings • Aug 03Second quarter 2023 earnings released: EPS: US$0.50 (vs US$0.57 in 2Q 2022)Second quarter 2023 results: EPS: US$0.50 (down from US$0.57 in 2Q 2022). Revenue: US$628.9m (up 7.5% from 2Q 2022). Net income: US$61.9m (down 15% from 2Q 2022). Profit margin: 9.8% (down from 13% in 2Q 2022). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Multiline Retail industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance.
お知らせ • Aug 03+ 1 more updateEtsy, Inc. Reports Asset Impairment Charges for the Second Quarter Ended June 30, 2023Etsy, Inc. reported Asset impairment charges for the second quarter ended June 30, 2023. For the second quarter ended June 30, 2023, the company reported impairment charge of the property and equipment and intangible assets of Elo7 for $68.1 million.
Buying Opportunity • Aug 02Now 23% undervaluedOver the last 90 days, the stock is up 2.6%. The fair value is estimated to be €112, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Meanwhile, the company became loss making.
お知らせ • Jul 21Etsy, Inc. to Report Q2, 2023 Results on Aug 02, 2023Etsy, Inc. announced that they will report Q2, 2023 results After-Market on Aug 02, 2023
New Risk • Jun 17New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Austrian stocks, typically moving 5.7% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (5.7% average weekly change). Negative equity (-US$540m). Minor Risk
お知らせ • May 05Etsy, Inc. Provides Consolidated Earnings Guidance for the Second Quarter of 2023Etsy, Inc. provided consolidated earnings guidance for the second quarter of 2023. For the quarter, the company expects Revenue of $590 million to $640 Million.
Reported Earnings • May 04First quarter 2023 earnings released: EPS: US$0.60 (vs US$0.68 in 1Q 2022)First quarter 2023 results: EPS: US$0.60 (down from US$0.68 in 1Q 2022). Revenue: US$640.9m (up 11% from 1Q 2022). Net income: US$74.5m (down 13% from 1Q 2022). Profit margin: 12% (down from 15% in 1Q 2022). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Multiline Retail industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance.
Recent Insider Transactions • Mar 03Chief Technology Officer recently sold €188k worth of stockOn the 28th of February, Rachana Kumar sold around 2k shares on-market at roughly €115 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €3.0m more than they bought in the last 12 months.
Reported Earnings • Feb 24Full year 2022 earnings released: US$5.48 loss per share (vs US$3.88 profit in FY 2021)Full year 2022 results: US$5.48 loss per share (down from US$3.88 profit in FY 2021). Revenue: US$2.57b (up 10% from FY 2021). Net loss: US$694.3m (down 241% from profit in FY 2021). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Online Retail industry in Europe. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings.
お知らせ • Feb 09Etsy, Inc. to Report Q4, 2022 Results on Feb 22, 2023Etsy, Inc. announced that they will report Q4, 2022 results at 4:00 PM, US Eastern Standard Time on Feb 22, 2023
お知らせ • Feb 03Etsy, Inc. Appoints Colin Stretch as Chief Legal Officer and Corporate Secretary, Effective February 14, 2023Etsy, Inc. announced that Colin Stretch will join the company as Chief Legal Officer and Corporate Secretary, effective on February 14, 2023. Colin comes to Etsy with 25 years of experience, including as former General Counsel of Facebook (now Meta) from 2013-2019, where he led the company's legal and compliance functions and corporate legal affairs. After Facebook, Colin spent two years as Leader-in-Residence at Columbia University Law School's Reuben Mark Initiative for Organizational Character & Leadership and, most recently, he was Of Counsel at Latham & Watkins. Earlier in his career, Colin clerked for Justice Stephen G. Breyer on the United States Supreme Court and Judge Laurence H. Silberman on the United States Court of Appeals for the D.C. Circuit. He was also a member of the Honors Program in the Antitrust Division of the United States Department of Justice. Colin will be based out of Etsy's Brooklyn headquarters, report directly to Josh Silverman, and join Etsy's executive team.
Recent Insider Transactions • Nov 16Independent Chairman recently sold €1.7m worth of stockOn the 7th of November, Frederick Wilson sold around 18k shares on-market at roughly €98.45 per share. This transaction amounted to 3.4% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Frederick's only on-market trade for the last 12 months.
Recent Insider Transactions • Nov 10Independent Chairman recently sold €1.7m worth of stockOn the 7th of November, Frederick Wilson sold around 18k shares on-market at roughly €98.45 per share. This transaction amounted to 3.4% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Frederick's only on-market trade for the last 12 months.
Reported Earnings • Nov 03Third quarter 2022 earnings released: US$7.62 loss per share (vs US$0.71 profit in 3Q 2021)Third quarter 2022 results: US$7.62 loss per share (down from US$0.71 profit in 3Q 2021). Revenue: US$594.5m (up 12% from 3Q 2021). Net loss: US$963.1m (down US$1.05b from profit in 3Q 2021). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Online Retail industry in Europe. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 34% per year, which means it is well ahead of earnings.
Reported Earnings • Jul 28Second quarter 2022 earnings released: EPS: US$0.57 (vs US$0.77 in 2Q 2021)Second quarter 2022 results: EPS: US$0.57 (down from US$0.77 in 2Q 2021). Revenue: US$585.1m (up 11% from 2Q 2021). Net income: US$73.1m (down 26% from 2Q 2021). Profit margin: 13% (down from 19% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 10.0%, compared to a 36% growth forecast for the industry in Austria. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Jul 21Investor sentiment improved over the past weekAfter last week's 15% share price gain to €91.97, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 16x in the Online Retail industry in Europe. Total returns to shareholders of 49% over the past three years.
Valuation Update With 7 Day Price Move • Jul 06Investor sentiment improved over the past weekAfter last week's 20% share price gain to €84.50, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 17x in the Online Retail industry in Europe. Total returns to shareholders of 43% over the past three years.
Valuation Update With 7 Day Price Move • Jun 15Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to €68.76, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 15x in the Online Retail industry in Europe. Total returns to shareholders of 15% over the past three years.
Valuation Update With 7 Day Price Move • May 23Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €71.34, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 17x in the Online Retail industry in Europe. Total returns to shareholders of 23% over the past three years.
Reported Earnings • May 06First quarter 2022 earnings released: EPS: US$0.68 (vs US$1.14 in 1Q 2021)First quarter 2022 results: EPS: US$0.68 (down from US$1.14 in 1Q 2021). Revenue: US$579.3m (up 5.2% from 1Q 2021). Net income: US$86.1m (down 40% from 1Q 2021). Profit margin: 15% (down from 26% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 16%, compared to a 37% growth forecast for the industry in Austria. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Mar 11Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to €114, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 14x in the Online Retail industry in Europe. Total loss to shareholders of 37% over the past year.
Reported Earnings • Feb 25Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: US$3.88 (up from US$2.88 in FY 2020). Revenue: US$2.33b (up 35% from FY 2020). Net income: US$493.5m (up 41% from FY 2020). Profit margin: 21% (in line with FY 2020). Revenue exceeded analyst estimates by 1.4%. Over the next year, revenue is forecast to grow 19%, compared to a 43% growth forecast for the retail industry in Austria.
Valuation Update With 7 Day Price Move • Jan 25Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to €122, the stock trades at a forward P/E ratio of 46x. Average forward P/E is 17x in the Online Retail industry in Europe. Total loss to shareholders of 29% over the past year.
Valuation Update With 7 Day Price Move • Jan 10Investor sentiment deteriorated over the past weekAfter last week's 19% share price decline to €157, the stock trades at a forward P/E ratio of 55x. Average forward P/E is 19x in the Online Retail industry in Europe. Total returns to shareholders of 2.8% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €298 per share.
Valuation Update With 7 Day Price Move • Dec 03Investor sentiment deteriorated over the past weekAfter last week's 21% share price decline to €204, the stock trades at a forward P/E ratio of 74x. Average forward P/E is 19x in the Online Retail industry in Europe. Total returns to shareholders of 59% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €241 per share.
Valuation Update With 7 Day Price Move • Nov 18Investor sentiment improved over the past weekAfter last week's 16% share price gain to €254, the stock trades at a forward P/E ratio of 83x. Average forward P/E is 21x in the Online Retail industry in Europe. Total returns to shareholders of 125% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €266 per share.
Recent Insider Transactions • Nov 10Insider recently sold €1.5m worth of stockOn the 5th of November, Jill Simeone sold around 7k shares on-market at roughly €227 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €6.2m more than they bought in the last 12 months.
Reported Earnings • Nov 05Third quarter 2021 earnings released: EPS US$0.71 (vs US$0.75 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: US$532.4m (up 18% from 3Q 2020). Net income: US$89.9m (down 2.0% from 3Q 2020). Profit margin: 17% (down from 20% in 3Q 2020). The decrease in margin was driven by higher expenses.
Board Change • Nov 04Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 1 highly experienced director. Director Andy Ballard was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Aug 05Second quarter 2021 earnings released: EPS US$0.77 (vs US$0.81 in 2Q 2020)The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: US$528.9m (up 23% from 2Q 2020). Net income: US$98.3m (up 1.9% from 2Q 2020). Profit margin: 19% (down from 23% in 2Q 2020). The decrease in margin was driven by higher expenses.
Reported Earnings • May 08First quarter 2021 earnings released: EPS US$1.14 (vs US$0.11 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$550.6m (up 142% from 1Q 2020). Net income: US$143.8m (up US$131.2m from 1Q 2020). Profit margin: 26% (up from 5.5% in 1Q 2020). The increase in margin was driven by higher revenue.
Valuation Update With 7 Day Price Move • Mar 07Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to US$152, the stock is trading at a trailing P/E ratio of 69.5x, down from the previous P/E ratio of 82.4x. This compares to an average P/E of 33x in the Online Retail industry in Europe. Total returns to shareholders over the past year are 183%.
Recent Insider Transactions • Mar 05Independent Chairman recently sold €4.6m worth of stockOn the 1st of March, Frederick Wilson sold around 23k shares on-market at roughly €203 per share. This was the largest sale by an insider in the last 3 months. This was Frederick's only on-market trade for the last 12 months.
Is New 90 Day High Low • Mar 02New 90-day high: €200The company is up 53% from its price of €131 on 01 December 2020. The Austrian market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Online Retail industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €206 per share.
