NasdaqGS:ETSY

Stock Analysis Report

Executive Summary

Etsy, Inc. operates Etsy.com, an online market place for buyers and sellers to sell goods primarily in the United States, United Kingdom, Canada, Australia, France, and Germany.

Snowflake

Fundamentals

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


Market Performance


7 Day Return

13.6%

NasdaqGS:ETSY

0.6%

US Online Retail

0.8%

US Market


1 Year Return

19.3%

NasdaqGS:ETSY

0.5%

US Online Retail

1.9%

US Market

ETSY outperformed the Online Retail industry which returned 1.8% over the past year.

ETSY outperformed the Market in United States of America which returned 2.1% over the past year.


Share holder returns

ETSYIndustryMarket
7 Day13.6%0.6%0.8%
30 Day14.2%2.0%3.4%
90 Day-13.0%-0.006%2.1%
1 Year19.3%19.3%0.5%0.5%4.2%1.9%
3 Year311.6%311.6%87.7%87.5%46.7%37.2%
5 Yearn/a181.1%168.6%62.3%44.5%

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 based on future cash flows and its price relative to the stock market?

64.58x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Etsy's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Etsy's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Etsy is overvalued based on earnings compared to the US Online Retail industry average.

Etsy is overvalued based on earnings compared to the United States of America market.


Price Based on Expected Growth

Etsy is poor value based on expected growth next year.


Price Based on Value of Assets

Etsy is overvalued based on assets compared to the US Online Retail industry average.


Next Steps

Future Growth

How is Etsy expected to perform in the next 1 to 3 years based on estimates from 14 analysts?

29.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Etsy's revenue is expected to grow significantly at over 20% yearly.

Etsy's earnings are expected to grow significantly at over 20% yearly.

Etsy's revenue growth is expected to exceed the United States of America market average.

Etsy's earnings growth is expected to exceed the United States of America market average.

Etsy's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Etsy is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).


Next Steps

Past Performance

How has Etsy performed over the past 5 years?

65.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Etsy has delivered over 20% year on year earnings growth in the past 5 years.

Etsy's 1-year earnings growth is less than its 5-year average (27.7% vs 65%)

Etsy's earnings growth has exceeded the US Online Retail industry average in the past year (27.7% vs 1.3%).


Return on Equity

Etsy has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).


Return on Assets

Etsy used its assets more efficiently than the US Online Retail industry average last year based on Return on Assets.


Return on Capital Employed

Etsy has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Etsy's financial position?


Financial Position Analysis

Etsy is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Etsy's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Etsy's level of debt (64.2%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (0% vs 64.2% today).

Debt is well covered by operating cash flow (75.2%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 11.4x coverage).


Balance Sheet

Low level of unsold assets.

Debt is covered by short term assets, assets are 2.6x debt.


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

Unable to evaluate Etsy's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Etsy's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Etsy has not reported any payouts.

Unable to verify if Etsy's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Etsy has not reported any payouts.


Future Payout to Shareholders

No need to calculate the sustainability of Etsy's dividends in 3 years as they are not expected to pay a notable one for United States of America.


Next Steps

Management

What is the CEO of Etsy's salary, the management and board of directors tenure and is there insider trading?

2.3yrs

Average management tenure


CEO

Josh Silverman (50yo)

2.3yrs

Tenure

US$1,044,083

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

Josh's remuneration is lower than average for companies of similar size in United States of America.

Josh's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

2.3yrs

Average Tenure

49.5yo

Average Age

The tenure for the Etsy management team is about average.


Board Age and Tenure

3.0yrs

Average Tenure

57yo

Average Age

The tenure for the Etsy board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

SellUS$2,124,80013 Mar 19
Jonathan Klein
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares30,000
Max PriceUS$72.00
SellUS$910,14015 Nov 18
Jonathan Klein
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares17,804
Max PriceUS$51.12

Ownership Breakdown


Management Team

  • Josh Silverman (50yo)

    President

    • Tenure: 2.3yrs
    • Compensation: US$1.04m
  • Mike Fisher (49yo)

    Chief Technology Officer

    • Tenure: 2.2yrs
    • Compensation: US$693.25k
  • Deb Wasser

    Vice President of Investor Relations

    • Tenure: 0yrs
  • Rachel Glaser (57yo)

    Chief Financial Officer

    • Tenure: 2.3yrs
    • Compensation: US$2.24m
  • Rob Kalin (39yo)

    Co-Founder

    • Tenure: 14.7yrs
  • Jared Tarbell

    Co-Founder

    • Tenure: 14.7yrs
  • Ryan Scott

    Chief Marketing Officer

    • Tenure: 0.3yrs
  • Jill Simeone (52yo)

    General Counsel & Secretary

    • Tenure: 2.7yrs
    • Compensation: US$1.75m
  • Gawlik Clausen

    Director of Corporate Communications

    • Tenure: 0yrs
  • Raina Moskowitz (36yo)

    Senior Vice President of People

    • Tenure: 1.7yrs

Board Members

  • Fred Wilson (57yo)

    Chairman

    • Tenure: 2.3yrs
    • Compensation: US$318.78k
  • Jonathan Klein (59yo)

    Independent Director

    • Tenure: 8.3yrs
    • Compensation: US$213.77k
  • Martha Burns (61yo)

    Independent Director

    • Tenure: 5.5yrs
    • Compensation: US$215.77k
  • Josh Silverman (50yo)

    President

    • Tenure: 2.3yrs
    • Compensation: US$1.04m
  • Gary Briggs (56yo)

    Director

    • Tenure: 1.4yrs
    • Compensation: US$274.75k
  • Peggy Smyth (55yo)

    Independent Director

    • Tenure: 3.3yrs
    • Compensation: US$211.77k
  • Edith Cooper (57yo)

    Director

    • Tenure: 1.4yrs
    • Compensation: US$274.75k
  • Melissa Reiff (64yo)

    Independent Director

    • Tenure: 4.4yrs
    • Compensation: US$198.77k

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$7.210b
  • Shares outstanding: 120.46m
  • Website: https://www.etsy.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ETSYNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDApr 2015
300DB (Deutsche Boerse AG)YesCommon StockDEEURApr 2015
0IIWLSE (London Stock Exchange)YesCommon StockGBUSDApr 2015
ETSYWBAG (Wiener Boerse AG)YesCommon StockATEURApr 2015

Biography

Etsy, Inc. operates Etsy.com, an online market place for buyers and sellers to sell goods primarily in the United States, United Kingdom, Canada, Australia, France, and Germany. The company offers approxim ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/18 01:13
End of Day Share Price2019/09/17 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.