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Etsy Inc.
ETSY
53.11 (0.32%) 0.17
5.97(B)
Consumer Discretionary
Broadline Retail
Etsy Inc. together with its subsidiaries operates two-sided online marketplaces that connect buyers and sellers in the United States the United Kingdom Germany Canada Australia and France. Its primary marketplace is Etsy.com that connects artisans and entrepreneurs with various consumers. The company also offers Reverb a musical instrument marketplace; Depop a fashion resale marketplace; and Elo7 a Brazil-based marketplace for handmade and unique items. In addition it offers various seller services including Etsy Payments a payment processing service; Etsy Ads an advertising platform; and Shipping Labels which allows sellers in the United States Canada the United Kingdom Australia and India to purchase discounted shipping labels. Further the company provides the Etsy Purchase Protection program that is designed to help buyers; the Etsy Share and Save program for sellers to save on Etsy fees for sales that drive to their Etsy shop from their own channels. Additionally it offers educational resources comprising blog posts video tutorials Etsy Seller Handbook Etsy.com online forums and insights; Etsy Teams a platform to build personal relationships with other Etsy sellers; and a Star Seller program. The company was formerly known as Indieco Inc changed its name to Etsy Inc. in June 2006. Etsy Inc. was founded in 2005 and is headquartered in Brooklyn New York.
Holdings:
Shares:
Cost basis:

Etsy Inc. (ETSY) price target and intrinsic value estimate

ETSY's fair price estimate is $89.1

This valuation is based on a fair P/E of 20.9 and EPS estimates of $4.26

The median analyst price target for ETSY is $59.0.

Analyst price targets range from $44.0 to $105.0

Is ETSY overvalued or undervalued?

ETSY is currently trading at $53.11

ETSY is undervalued by 40% using the pevaluation method.

ETSY is undervalued by 10% compared to median analyst price targets.

Do you agree with this valuation?

Valuation

PEvaluation

Low $66.8
Median $89.1
High $111.4
Fair P/E
Margin of safety

Analyst valuation

Low $44.0
Median $59.0
High $105.0
Strong Buy2
Buy8
Hold17
Sell4
Strong Sell1

Discounted cash-flow

TTM FCFFCF est.Growth FCFTerminal FCF
10%
5%
5y
10%
Shares outstan...ROICRevenue growthDebt/FCFAssets/Liabili...
Economic moat: Medium
None/narrowMediumWideVery wide

Overview

Market data

Market cap:$5.97(B)
Enterprise value:$7.07(B)
Total Equity:$-624.30(M)
Shares outstanding:112.49(M)
Div. yield:0.00%
P/S:2.23
P/E:24.25
P/FCF:8.35
P/B:N/A
EPS:$2.2
FCF per share:$6.4
Dividend per share:$0.0

Income (TTM)

RevenueGrossNet
Revenue$2.80(B)
Gross profit$1.99(B)
EBITDA$438.72(M)
Net income$256.64(M)
Gross margin71.2%
Net margin9.2%

Balance sheet

Cash & ST inv.Other ST assetsLong term assetsEquityCurrent liabilitiesLong term debtOther LT liabilities
Total assets$2.44(B)
Total liabilities$3.07(B)
Cash & Short-term inv.$1.04(B)
Long-term debt$2.29(B)
Debt issued$0
Debt repaid$-6.15(M)

Cash flow (TTM)

CFOCFICFF
FCF$717.25(M)
CapEx$-15.36(M)
Dividends paid$0
Stock issued$9.61(M)
Stock repurchased$-624.86(M)
Stock-based comp.$283.17(M)

Future Growth

Revenue

CAGR: 6.1%
FY+1$2.82(B)
FY+2$2.90(B)
FY+3$3.05(B)
FY+4$3.23(B)
FY+5$3.58(B)

Net Income

CAGR: 7.4%
FY+1$592.74(M)
FY+2$617.91(M)
FY+3$657.05(M)
FY+4$674.30(M)
FY+5$787.90(M)

EPS

CAGR: 8.7%
FY+1$4.48
FY+2$4.91
FY+3$5.38
FY+4$6.00
FY+5$6.25

FCF per share

CAGR: 9.4%
FY+1$5.02
FY+2$5.49

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Historical Financials

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