Etsy, Inc.

LSE:0IIW Stock Report

Market Cap: US$6.1b

Etsy Valuation

Is 0IIW undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 0IIW when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0IIW ($54.5) is trading below our estimate of fair value ($157.26)

Significantly Below Fair Value: 0IIW is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0IIW?

Key metric: As 0IIW is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0IIW. This is calculated by dividing 0IIW's market cap by their current earnings.
What is 0IIW's PE Ratio?
PE Ratio23.8x
EarningsUS$256.64m
Market CapUS$6.11b

Price to Earnings Ratio vs Peers

How does 0IIW's PE Ratio compare to its peers?

The above table shows the PE ratio for 0IIW vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average13.4x
BME B&M European Value Retail
10.5x11.0%UK£3.4b
NXT NEXT
14.5x2.6%UK£11.7b
JD. JD Sports Fashion
15.7x23.2%UK£5.4b
KGF Kingfisher
13x10.4%UK£4.5b
0IIW Etsy
23.8x11.6%US$6.1b

Price-To-Earnings vs Peers: 0IIW is expensive based on its Price-To-Earnings Ratio (23.8x) compared to the peer average (13.4x).

Price to Earnings Ratio vs Industry

How does 0IIW's PE Ratio compare vs other companies in the Global Multiline Retail Industry?

6 CompaniesPrice / EarningsEstimated GrowthMarket Cap
0IIW 23.8xIndustry Avg. 20.0xNo. of Companies19PE01632486480+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0IIW is expensive based on its Price-To-Earnings Ratio (23.8x) compared to the Global Multiline Retail industry average (19.8x).

Price to Earnings Ratio vs Fair Ratio

What is 0IIW's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

0IIW PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio23.8x
Fair PE Ratio20.1x

Price-To-Earnings vs Fair Ratio: 0IIW is expensive based on its Price-To-Earnings Ratio (23.8x) compared to the estimated Fair Price-To-Earnings Ratio (20.1x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 0IIW forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$54.50
US$62.15
+14.0%
25.9%US$105.00US$44.00n/a27
Nov ’25US$52.66
US$62.37
+18.4%
26.3%US$105.00US$44.00n/a27
Oct ’25US$52.74
US$67.70
+28.4%
22.9%US$105.00US$45.00n/a27
Sep ’25US$54.58
US$68.35
+25.2%
22.6%US$105.00US$45.00n/a26
Aug ’25US$59.64
US$70.22
+17.7%
22.0%US$105.00US$45.00n/a26
Jul ’25US$57.10
US$70.54
+23.5%
21.4%US$105.00US$45.00n/a27
Jun ’25US$63.02
US$70.99
+12.6%
20.6%US$105.00US$45.00n/a28
May ’25US$69.93
US$80.42
+15.0%
24.2%US$140.00US$50.00n/a29
Apr ’25US$68.63
US$83.14
+21.2%
22.6%US$140.00US$50.00n/a30
Mar ’25US$70.77
US$83.78
+18.4%
22.4%US$140.00US$50.00n/a31
Feb ’25US$71.85
US$84.20
+17.2%
25.0%US$145.00US$47.00n/a30
Jan ’25US$81.32
US$83.83
+3.1%
25.8%US$145.00US$47.00n/a30
Dec ’24US$81.68
US$76.77
-6.0%
26.9%US$145.00US$47.00n/a30
Nov ’24US$60.48
US$92.27
+52.6%
33.7%US$168.00US$46.00US$52.6630
Oct ’24US$65.04
US$107.57
+65.4%
28.3%US$170.00US$46.00US$52.7428
Sep ’24US$74.87
US$111.37
+48.8%
26.0%US$170.00US$46.00US$54.5827
Aug ’24US$98.92
US$116.24
+17.5%
27.3%US$186.00US$46.00US$59.6427
Jul ’24US$84.64
US$119.09
+40.7%
26.6%US$186.00US$46.00US$57.1027
Jun ’24US$82.24
US$123.75
+50.5%
25.2%US$186.00US$46.00US$63.0226
May ’24US$99.92
US$131.25
+31.3%
24.0%US$186.00US$46.00US$69.9326
Apr ’24US$110.71
US$138.16
+24.8%
22.3%US$186.00US$47.00US$68.6325
Mar ’24US$118.23
US$141.28
+19.5%
20.5%US$186.00US$47.00US$70.7725
Feb ’24US$135.26
US$132.52
-2.0%
23.0%US$186.00US$47.00US$71.8525
Jan ’24US$118.50
US$124.79
+5.3%
24.7%US$186.00US$47.00US$81.3224
Dec ’23US$139.36
US$119.30
-14.4%
24.1%US$186.00US$47.00US$81.6823
Nov ’23US$92.33
US$120.39
+30.4%
25.7%US$186.00US$51.00US$60.4823

Analyst Forecast: Target price is less than 20% higher than the current share price.

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