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Market Cap

US$23.5b

Last Updated

2021/05/06 22:40 UTC

Data Sources

Company Financials +

Executive Summary

Etsy, Inc. operates two-sided online marketplaces that connect buyers and sellers primarily in the United States, the United Kingdom, Germany, Canada, Australia, France, and India. More Details


Snowflake Analysis

Exceptional growth potential with solid track record.


Similar Companies

Share Price & News

How has Etsy's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ETSY is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: ETSY's weekly volatility (9%) has been stable over the past year.


Market Performance


7 Day Return

-24.5%

ETSY

-5.2%

US Online Retail

-1.7%

US Market


1 Year Return

105.9%

ETSY

41.4%

US Online Retail

51.8%

US Market

Return vs Industry: ETSY exceeded the US Online Retail industry which returned 41.4% over the past year.

Return vs Market: ETSY exceeded the US Market which returned 52.8% over the past year.


Shareholder returns

ETSYIndustryMarket
7 Day-24.5%-5.2%-1.7%
30 Day-23.5%-0.3%1.5%
90 Day-31.8%-10.9%3.1%
1 Year105.9%105.9%41.6%41.4%54.4%51.8%
3 Year438.5%438.5%72.4%72.3%63.0%52.8%
5 Year1,804.3%1,804.3%281.0%280.5%127.2%101.9%

Long-Term Price Volatility Vs. Market

How volatile is Etsy's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Etsy undervalued compared to its fair value and its price relative to the market?

41.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ETSY ($157.68) is trading below our estimate of fair value ($270.78)

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


Price To Earnings Ratio

PE vs Industry: ETSY is poor value based on its PE Ratio (40.5x) compared to the US Online Retail industry average (32x).

PE vs Market: ETSY is poor value based on its PE Ratio (40.5x) compared to the US market (20.4x).


Price to Earnings Growth Ratio

PEG Ratio: ETSY is poor value based on its PEG Ratio (1.6x)


Price to Book Ratio

PB vs Industry: ETSY is overvalued based on its PB Ratio (29.1x) compared to the US Online Retail industry average (4.7x).


Future Growth

How is Etsy forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?

25.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ETSY's forecast earnings growth (25.1% per year) is above the savings rate (2%).

Earnings vs Market: ETSY's earnings (25.1% per year) are forecast to grow faster than the US market (15.7% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: ETSY's revenue (21.8% per year) is forecast to grow faster than the US market (9.2% per year).

High Growth Revenue: ETSY's revenue (21.8% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ETSY's Return on Equity is forecast to be high in 3 years time (34.3%)


Past Performance

How has Etsy performed over the past 5 years?

63.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ETSY has high quality earnings.

Growing Profit Margin: ETSY's current net profit margins (23.5%) are higher than last year (8.8%).


Past Earnings Growth Analysis

Earnings Trend: ETSY has become profitable over the past 5 years, growing earnings by 63.5% per year.

Accelerating Growth: ETSY's earnings growth over the past year (525.2%) exceeds its 5-year average (63.5% per year).

Earnings vs Industry: ETSY earnings growth over the past year (525.2%) exceeded the Online Retail industry 65.3%.


Return on Equity

High ROE: Whilst ETSY's Return on Equity (70.27%) is outstanding, this metric is skewed due to their high level of debt.


Financial Health

How is Etsy's financial position?


Financial Position Analysis

Short Term Liabilities: ETSY's short term assets ($1.9B) exceed its short term liabilities ($427.0M).

Long Term Liabilities: ETSY's short term assets ($1.9B) exceed its long term liabilities ($1.4B).


Debt to Equity History and Analysis

Debt Level: ETSY's debt to equity ratio (190.5%) is considered high.

Reducing Debt: ETSY's debt to equity ratio has increased from 0% to 190.5% over the past 5 years.

Debt Coverage: ETSY's debt is well covered by operating cash flow (61.3%).

Interest Coverage: ETSY's interest payments on its debt are well covered by EBIT (18.8x coverage).


Balance Sheet


Dividend

What is Etsy current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate ETSY's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate ETSY's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if ETSY's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ETSY's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of ETSY's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.9yrs

Average management tenure


CEO

Josh Silverman (51 yo)

4yrs

Tenure

US$1,934,307

Compensation

Mr. Joshua G. Silverman, also known as Josh, is the Chief Executive Officer and President of Etsy, Inc. since May 3, 2017. Mr. Silverman was an Executive-in-Residence at Greylock Partners from October 2015...


CEO Compensation Analysis

Compensation vs Market: Josh's total compensation ($USD1.93M) is below average for companies of similar size in the US market ($USD11.15M).

Compensation vs Earnings: Josh's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: ETSY's management team is considered experienced (3.9 years average tenure).


Board Members

Experienced Board: ETSY's board of directors are considered experienced (4.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: ETSY insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 7.2%.


Top Shareholders

Company Information

Etsy, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Etsy, Inc.
  • Ticker: ETSY
  • Exchange: NasdaqGS
  • Founded: 2005
  • Industry: Internet and Direct Marketing Retail
  • Sector: Retail
  • Market Cap: US$23.458b
  • Shares outstanding: 127.10m
  • Website: https://www.etsy.com

Number of Employees


Location

  • Etsy, Inc.
  • 117 Adams Street
  • Brooklyn
  • New York
  • 11201
  • United States

Listings


Biography

Etsy, Inc. operates two-sided online marketplaces that connect buyers and sellers primarily in the United States, the United Kingdom, Germany, Canada, Australia, France, and India. Its online market places...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/06 22:40
End of Day Share Price2021/05/06 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


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.