eBay Inc Stock Research

Market Summary

USD41.45+0.64

Market Closed

1.57%

EBAY Alerts

Big fall in earnings (Y/Y)

EBAY Stock Price

EBAY RSI Chart

EBAY Valuation

Market Cap

22.3B

Price/Earnings (Trailing)

-17.61

Price/Sales (Trailing)

2.28

EV/EBITDA

-30.5

Price/Free Cashflow

12.38

EBAY Price/Sales (Trailing)

EBAY Profitability

Operating Margin

72.64%

EBT Margin

-16.35%

Return on Equity

-24.63%

Return on Assets

-6.09%

Free Cashflow Yield

8.08%

EBAY Fundamentals

EBAY Revenue

Revenue (TTM)

9.8B

Revenue Y/Y

-3.94%

Revenue Q/Q

5.46%

EBAY Earnings

Earnings (TTM)

-1.3B

Earnings Y/Y

-65.87%

Earnings Q/Q

1.1K%

Price Action

52 Week Range

35.9260.11

(Low)(High)

Last 7 days

-7.3%

Last 30 days

-16.6%

Last 90 days

-3.5%

Trailing 12 Months

-24%

EBAY Financial Health

Current Ratio

2.18

Debt/Equity

1.5

Debt/Cashflow

0.29

EBAY Investor Care

Buy Backs (1Y)

9.26%

Diluted EPS (TTM)

-2.27

Peers (Alternatives to eBay)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
AMZN	1.0T	514.0B	-3.36%	-34.72%	-376.42	1.99	9.40%	-108.16%
BKNG	96.5B	17.1B	-0.30%	16.13%	31.57	5.65	55.96%	162.49%
MELI	61.1B	10.5B	6.89%	24.85%	126.66	5.79	49.06%	480.72%
EBAY	22.3B	9.8B	-16.60%	-24.00%	-17.61	2.28	-6.00%	-109.33%
ETSY	13.1B	2.6B	-22.27%	-16.19%	-18.81	5.09	11.73%	-479.56%
MID-CAP
SSTK	2.5B	827.8M	-9.05%	-19.18%	33.28	3.06	7.04%	-17.17%
SMALL-CAP
RVLV	1.8B	1.1B	-6.10%	-43.07%	30.84	1.64	23.56%	-41.21%
MGNI	1.2B	577.1M	-29.77%	-23.08%	-8.89	2.01	23.20%	-200596.92%
SFIX	588.8M	1.8B	13.29%	-47.53%	-1.99	0.32	-16.43%	-882.41%
LQDT	467.8M	285.6M	-1.60%	-23.64%	11.5	1.64	6.38%	-18.68%
QUOT	304.0M	364.5M	-26.05%	-49.75%	-3.62	0.83	-29.59%	-31.65%
GRPN	149.0M	674.1M	-30.23%	-71.98%	-0.97	0.22	-37.99%	-248.09%
RMBL	131.8M	1.9B	-13.59%	-74.81%	2.81	0.07	240.28%	230.65%

Financials for eBay

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	-1.0%	9,795	9,898	10,019	10,265	10,420
Cost Of Revenue	-0.5%	2,680	2,693	2,724	2,733	2,650
Gross Profit	-1.2%	7,115	7,205	7,295	7,532	7,770
Operating Expenses	0.7%	4,765	4,732	4,728	4,758	4,847
S&GA Expenses	-0.7%	2,136	2,151	2,109	2,102	2,170
R&D Expenses	0.2%	1,330	1,327	1,316	1,322	1,325
EBITDA	68.3%	-915	-2,890	-2,365	-1,260	-
EBITDA Margin	68.0%	-0.09*	-0.29*	-0.24*	-0.12*	-
Earnings Before Taxes	55.4%	-1,601	-3,591	-3,103	-1,975	398
EBT Margin	54.9%	-0.16*	-0.36*	-0.31*	-0.19*	-
Interest Expenses	0%	244	244	266	229	253
Net Income	-4632.1%	-1,269	28.00	361	11,626	13,608
Net Income Margin	-4679.6%	-0.13*	0.00*	0.04*	1.13*	-
Free Cahsflow	23.3%	1,805	1,464	933	1,784	-

Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	9.2%	20,850	19,097	19,653	22,980	26,626
Current Assets	75.6%	9,290	5,289	5,067	7,349	9,111
Cash Equivalents	5.7%	2,154	2,037	1,742	1,798	1,379
Net PPE	3.7%	1,238	1,194	1,173	1,192	1,236
Goodwill	5.0%	4,262	4,058	4,113	4,141	4,178
Liabilities	10.2%	15,697	14,244	14,410	15,926	16,848
Current Liabilities	7.5%	4,271	3,974	3,972	4,982	4,622
. Short Term Borrowings	-15.1%	1,150	1,355	-	-	-
Long Term Debt	17.4%	7,721	6,579	6,579	6,578	7,727
LT Debt, Current	-34.5%	1,149	1,755	1,355	-	-
Shareholder's Equity	6.2%	5,153	4,853	5,243	7,054	9,778
Retained Earnings	1.6%	34,315	33,766	33,960	34,615	36,090
Additional Paid-In Capital	0.8%	17,279	17,147	17,059	16,904	16,659
Accumulated Depreciation	-	4,863	-	-	-	-
Shares Outstanding	-0.9%	539	544	549	571	594

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	21.0%	2,254	1,863	1,389	2,228	2,657
Share Based Compensation	3.3%	494	478	487	485	477
Cashflow From Investing	-62.4%	2,461	6,540	8,072	5,170	3,663
Cashflow From Financing	51.5%	-3,792	-7,823	-9,967	-7,315	-6,532
Dividend Payments	2.5%	489	477	473	473	466
Buy Backs	-46.9%	3,143	5,917	7,864	7,820	7,055

Risks for EBAY

What is the probability of a big loss on EBAY?

68.1%

Probability that eBay stock will be more than 20% underwater in next one year

45%

Probability that eBay stock will be more than 30% underwater in next one year.

15.8%

Probability that eBay stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does EBAY drawdown profile look like?

Y-axis is the maximum loss one would have experienced if eBay was unfortunately bought at previous high price.

Drawdowns

Returns for EBAY

Cumulative Returns on EBAY

8.5%

10-Year Cumulative Returns

8.9%

7-Year Cumulative Returns

0.2%

5-Year Cumulative Returns

7.3%

3-Year Cumulative Returns

What are the long-term rolling returns for EBAY?

FIve years rolling returns for eBay.

Annualized Returns

Which funds bought or sold EBAY recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	added	3.95	2,594,870	17,765,900	0.02%
2023-03-08	Capital Asset Advisory Services LLC	reduced	-3.33	23,649	293,649	0.02%
2023-03-06	BIRMINGHAM CAPITAL MANAGEMENT CO INC/AL	unchanged	-	30,555	269,555	0.10%
2023-03-06	Rockefeller Capital Management L.P.	reduced	-9.4	13,000	647,000	-%
2023-03-03	TIAA, FSB	reduced	-14.53	-53,450	1,377,550	-%
2023-03-02	OLIVER LAGORE VANVALIN INVESTMENT GROUP	sold off	-100	-	-	-%
2023-03-02	LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA	new	-	128,847	128,847	-%
2023-03-01	Lakewood Asset Management LLC	new	-	2,106,000	2,106,000	1.70%
2023-02-28	Voya Investment Management LLC	added	1.49	1,124,680	8,966,680	0.01%
2023-02-27	Parallax Volatility Advisers, L.P.	unchanged	-	976	4,976	-%

Latest Funds Activity

Are funds buying EBAY calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own EBAY

No. of Funds

EBAY Alerts

Big fall in earnings (Y/Y)

eBay News

Schedule 13G FIlings of eBay

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 09, 2023	fmr llc	-	0	SC 13G/A
Feb 09, 2023	vanguard group inc	11.26%	61,117,121	SC 13G/A
Feb 03, 2023	blackrock inc.	8.4%	45,572,847	SC 13G/A
Feb 09, 2022	vanguard group inc	7.46%	46,694,614	SC 13G/A
Feb 09, 2022	fmr llc	-	0	SC 13G
Feb 01, 2022	blackrock inc.	7.3%	45,596,081	SC 13G/A
Feb 10, 2021	vanguard group inc	7.31%	50,379,913	SC 13G/A
Jan 29, 2021	blackrock inc.	6.4%	44,386,787	SC 13G/A
Feb 12, 2020	vanguard group inc	7.31%	59,540,552	SC 13G/A
Feb 05, 2020	blackrock inc.	6.2%	50,454,664	SC 13G/A

EBAY Fair Value

eBay fair value in different scenarios

The table shows the Fair Value estimates for eBay for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	50.82 22.61%	62.67 51.19%	93.03 124.44%	128.90 210.98%	152.69 268.37%
Current Inflation	48.06 15.95%	57.73 39.28%	83.53 101.52%	113.66 174.21%	133.58 222.27%
Very High Inflation	44.51 7.38%	51.63 24.56%	72.18 74.14%	95.88 131.31%	111.47 168.93%

Historical eBay Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of eBay

View All Filings

Date Filed	Form Type	Document
Mar 16, 2023	8-K	Current Report
Feb 24, 2023	S-3ASR	S-3ASR
Feb 23, 2023	10-K	Annual Report
Feb 22, 2023	8-K	Current Report
Feb 16, 2023	4	Insider Trading
Feb 09, 2023	SC 13G/A	Major Ownership Report
Feb 09, 2023	SC 13G/A	Major Ownership Report
Feb 09, 2023	4	Insider Trading
Feb 07, 2023	8-K	Current Report
Feb 03, 2023	4	Insider Trading

Latest Insider Trading transactions for EBAY

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-02-15	Loeger Julie A	acquired	-	-	4,707	svp, chief growth officer
2023-02-15	Loeger Julie A	sold (taxes)	-63,204	49.65	-1,273	svp, chief growth officer
2023-02-07	IANNONE JAMIE	sold (taxes)	-141,429	50.17	-2,819	president and ceo
2023-02-07	IANNONE JAMIE	acquired	-	-	7,591	president and ceo
2023-02-01	TRAQUINA PERRY M	acquired	-	-	611	-
2023-02-01	SWAN ROBERT HOLMES	acquired	-	-	611	-
2023-02-01	SWAN ROBERT HOLMES	sold	-1,000,000	50.00	-20,000	-
2023-02-01	Green Logan	acquired	-	-	472	-
2023-01-15	Huber Marie Oh	sold (taxes)	-46,722	46.26	-1,010	svp, general counsel & sec.
2023-01-15	Priest Stephen J	sold (taxes)	-47,647	46.26	-1,030	svp, chief financial officer

About eBay

Jamie Iannone

www.ebayinc.com

10800

eBay Inc. operates marketplace platforms that connect buyers and sellers in the United States and internationally. The company's Marketplace platform includes its online marketplace at ebay.com and the eBay suite of mobile apps. Its platforms enable users to list, buy, sell, and pay for items through various online, mobile, and offline channels that include retailers, distributors, liquidators, import and export companies, auctioneers, catalog and mail-order companies, directories, search engines, commerce participants, shopping channels, and networks. The company was founded in 1995 and is headquartered in San Jose, California.

EBAY Income Statement

2022-12-31

CONSOLIDATED STATEMENT OF INCOME - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Statement [Abstract]
Net revenues	$ 9,795	$ 10,420	$ 8,894
Cost of net revenues	2,680	2,650	1,797
Gross profit	7,115	7,770	7,097
Operating expenses:
Sales and marketing	2,136	2,170	2,091
Product development	1,330	1,325	1,028
General and administrative	963	921	985
Provision for transaction losses	332	422	330
Amortization of acquired intangible assets	4	9	27
Total operating expenses	4,765	4,847	4,461
Income from operations	2,350	2,923	2,636
Gain (loss) on equity investments and warrant, net	(3,786)	(2,365)	1,007
Interest and other, net	(165)	(160)	(298)
Income (loss) from continuing operations before income taxes	(1,601)	398	3,345
Income tax benefit (provision)	327	(146)	(858)
Income (loss) from continuing operations	(1,274)	252	2,487
Income from discontinued operations, net of income taxes	5	13,356	3,180
Net income (loss)	$ (1,269)	$ 13,608	$ 5,667
Income (loss) per share - basic:
Continuing operations (in usd per share)	$ (2.28)	$ 0.39	$ 3.50
Discontinued operations (in usd per share)	0.01	20.48	4.48
Net income per share - basic (in usd per share)	(2.27)	20.87	7.98
Income (loss) per share - diluted:
Continuing operations (in usd per share)	(2.28)	0.38	3.46
Discontinued operations (in usd per share)	0.01	20.16	4.43
Net income per share - diluted (in usd per share)	$ (2.27)	$ 20.54	$ 7.89
Weighted average shares:
Basic (in shares)	558	652	710
Diluted (in shares)	558	663	718

EBAY Balance Sheet

2022-12-31

CONSOLIDATED BALANCE SHEET - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 2,154	$ 1,379
Short-term investments	2,625	5,944
Equity investment in Adevinta	2,692	0
Customer accounts and funds receivable	763	681
Other current assets	1,056	1,107
Total current assets	9,290	9,111
Long-term investments	1,797	2,575
Property and equipment, net	1,238	1,236
Goodwill	4,262	4,178
Operating lease right-of-use assets	513	289
Deferred tax assets	3,169	3,255
Equity investment in Adevinta	0	5,391
Other assets	581	591
Total assets	20,850	26,626
Current liabilities:
Short-term debt	1,150	1,355
Accounts payable	261	262
Customer accounts and funds payable	768	707
Accrued expenses and other current liabilities	1,866	1,927
Income taxes payable	226	371
Total current liabilities	4,271	4,622
Operating lease liabilities	418	200
Deferred tax liabilities	2,245	3,116
Long-term debt	7,721	7,727
Other liabilities	1,042	1,183
Total liabilities	15,697	16,848
Commitments and contingencies (Note 13)
Stockholders’ equity:
Common stock, $0.001 par value; 3,580 shares authorized; 539 and 594 shares outstanding	2	2
Additional paid-in capital	17,279	16,659
Treasury stock at cost, 1,186 and 1,121 shares	(46,702)	(43,371)
Retained earnings	34,315	36,090
Accumulated other comprehensive income	259	398
Total stockholders’ equity	5,153	9,778
Total liabilities and stockholders’ equity	$ 20,850	$ 26,626