Etsy, Inc.

LSE:0IIW Stock Report

Market Cap: US$6.0b

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.

Discounted Cash Flow
Simply Wall St
US$115.76
Fair Value
54.8% undervalued intrinsic discount
28
Number of Analysts

Below Fair Value: 0IIW ($52.3) is trading below our estimate of fair value ($115.76)

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 Ratio23.4x
EarningsUS$256.64m
Market CapUS$6.01b

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 Average12.1x
BME B&M European Value Retail
9.7x9.0%UK£3.1b
NXT NEXT
13.2x2.5%UK£10.6b
JD. JD Sports Fashion
13.7x33.9%UK£4.7b
KGF Kingfisher
12x9.5%UK£4.1b
0IIW Etsy
23.4x9.9%US$6.0b

Price-To-Earnings vs Peers: 0IIW is expensive based on its Price-To-Earnings Ratio (23.4x) compared to the peer average (12.1x).

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 23.4xIndustry Avg. 21.5xNo. of Companies21PE01632486480+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0IIW is expensive based on its Price-To-Earnings Ratio (23.4x) compared to the Global Multiline Retail industry average (21.5x).

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 Ratio23.4x
Fair PE Ratio19.4x

Price-To-Earnings vs Fair Ratio: 0IIW is expensive based on its Price-To-Earnings Ratio (23.4x) compared to the estimated Fair Price-To-Earnings Ratio (19.4x).

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$53.16
US$63.18
+18.9%
26.7%US$105.00US$44.00n/a28
Jan ’26US$53.34
US$62.33
+16.9%
25.8%US$105.00US$44.00n/a27
Dec ’25US$54.91
US$62.15
+13.2%
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$47.00US$53.3430
Dec ’24US$81.68
US$76.77
-6.0%
26.9%US$145.00US$47.00US$54.9130
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
Analyst Price Target
Consensus Narrative from 28 Analysts
US$61.86
Fair Value
15.5% undervalued intrinsic discount
28
Number of Analysts

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/15 03:43
End of Day Share Price 2025/01/14 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Etsy, Inc. is covered by 59 analysts. 31 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Sanaya KnowleArete Research Services LLP
Rocco StraussArete Research Services LLP
Richard KramerArete Research Services LLP