Etsy, Inc.

BMV:ETSY * Stock Report

Market Cap: Mex$120.5b

Etsy Valuation

Is ETSY * 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 ETSY * when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ETSY * (MX$1127) is trading below our estimate of fair value (MX$2460.34)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ETSY *?

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

The above table shows the Price to Earnings ratio for ETSY *. This is calculated by dividing ETSY *'s market cap by their current earnings.
What is ETSY *'s PE Ratio?
PE Ratio22.9x
EarningsUS$256.64m
Market CapUS$5.88b

Price to Earnings Ratio vs Peers

How does ETSY *'s PE Ratio compare to its peers?

The above table shows the PE ratio for ETSY * vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average10.5x
LIVEPOL C-1 El Puerto de Liverpool. de
6.2x5.1%Mex$141.6b
GSANBOR B-1 Grupo Sanborns. de
12.8xn/aMex$58.4b
GPH 1 Grupo Palacio de Hierro. de
6.3xn/aMex$16.6b
GIGANTE * Grupo Gigante S. A. B. de C. V
16.8xn/aMex$27.8b
ETSY * Etsy
24.4x11.6%Mex$5.9b

Price-To-Earnings vs Peers: ETSY * is expensive based on its Price-To-Earnings Ratio (24.4x) compared to the peer average (9.8x).

Price to Earnings Ratio vs Industry

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

6 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No. of Companies19PE01632486480+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ETSY * is expensive based on its Price-To-Earnings Ratio (24.4x) compared to the Global Multiline Retail industry average (19.8x).

Price to Earnings Ratio vs Fair Ratio

What is ETSY *'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.

ETSY * PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio22.9x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate ETSY *'s Price-To-Earnings Fair Ratio for valuation analysis.

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 ETSY * forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentMex$1,127.00
Mex$1,272.84
+12.9%
25.9%Mex$2,150.47Mex$901.15n/a27
Nov ’25Mex$1,069.00
Mex$1,248.41
+16.8%
26.3%Mex$2,101.68Mex$880.70n/a27
Oct ’25Mex$1,090.00
Mex$1,350.09
+23.9%
22.9%Mex$2,093.82Mex$897.35n/a27
Sep ’25Mex$1,089.00
Mex$1,346.75
+23.7%
22.6%Mex$2,069.01Mex$886.72n/a26
Aug ’25Mex$1,121.50
Mex$1,318.10
+17.5%
22.0%Mex$1,971.07Mex$844.74n/a26
Jul ’25Mex$1,052.00
Mex$1,290.59
+22.7%
21.4%Mex$1,921.03Mex$823.30n/a27
Jun ’25Mex$1,060.00
Mex$1,199.82
+13.2%
20.6%Mex$1,774.72Mex$760.59n/a28
May ’25Mex$1,175.00
Mex$1,368.65
+16.5%
24.2%Mex$2,382.49Mex$850.89n/a29
Apr ’25Mex$1,089.00
Mex$1,399.58
+28.5%
22.6%Mex$2,356.65Mex$841.66n/a30
Mar ’25Mex$1,222.11
Mex$1,425.90
+16.7%
22.4%Mex$2,382.60Mex$850.93n/a31
Feb ’25Mex$1,228.00
Mex$1,448.58
+18.0%
25.0%Mex$2,494.58Mex$808.59n/a30
Jan ’25Mex$1,375.00
Mex$1,430.98
+4.1%
25.8%Mex$2,475.05Mex$802.26n/a30
Dec ’24Mex$1,400.00
Mex$1,332.95
-4.8%
26.9%Mex$2,517.72Mex$816.09n/a30
Nov ’24Mex$1,084.53
Mex$1,643.48
+51.5%
33.7%Mex$2,992.47Mex$819.37Mex$1,069.0030
Oct ’24Mex$1,150.00
Mex$1,902.24
+65.4%
28.3%Mex$3,006.20Mex$813.44Mex$1,090.0028
Sep ’24Mex$1,253.00
Mex$1,870.77
+49.3%
26.0%Mex$2,855.61Mex$772.69Mex$1,089.0027
Aug ’24Mex$1,660.01
Mex$1,939.06
+16.8%
27.3%Mex$3,102.74Mex$767.34Mex$1,121.5027
Jul ’24Mex$1,470.01
Mex$2,038.81
+38.7%
26.6%Mex$3,184.23Mex$787.50Mex$1,052.0027
Jun ’24Mex$1,429.00
Mex$2,181.08
+52.6%
25.2%Mex$3,278.23Mex$810.75Mex$1,060.0026
May ’24Mex$1,812.00
Mex$2,353.06
+29.9%
24.0%Mex$3,334.72Mex$824.72Mex$1,175.0026
Apr ’24Mex$1,928.00
Mex$2,548.55
+32.2%
22.3%Mex$3,431.03Mex$866.98Mex$1,089.0025
Mar ’24Mex$2,260.00
Mex$2,600.95
+15.1%
20.5%Mex$3,424.24Mex$865.27Mex$1,222.1125
Feb ’24Mex$2,604.40
Mex$2,467.65
-5.3%
23.0%Mex$3,463.51Mex$875.19Mex$1,228.0025
Jan ’24Mex$2,393.00
Mex$2,451.51
+2.4%
24.7%Mex$3,653.93Mex$923.31Mex$1,375.0024
Dec ’23Mex$2,670.00
Mex$2,285.36
-14.4%
24.1%Mex$3,562.96Mex$900.32Mex$1,400.0023
Nov ’23Mex$1,874.00
Mex$2,385.48
+27.3%
25.7%Mex$3,685.48Mex$1,010.53Mex$1,084.5323

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

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