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Etsy Inc Stock Research

ETSY

104.43USD-0.31(-0.30%)Market Closed

Market Summary

USD104.43-0.31
Market Closed
-0.30%

ETSY Alerts

ETSY Stock Price

ETSY RSI Chart

ETSY Valuation

Market Cap

13.1B

Price/Earnings (Trailing)

-18.81

Price/Sales (Trailing)

5.09

EV/EBITDA

-26.16

Price/Free Cashflow

19.39

ETSY Price/Sales (Trailing)

ETSY Profitability

Operating Margin

70.98%

EBT Margin

-25.80%

Return on Equity

126.86%

Return on Assets

-26.35%

Free Cashflow Yield

5.16%

ETSY Fundamentals

ETSY Revenue

Revenue (TTM)

2.6B

Revenue Y/Y

45.23%

Revenue Q/Q

35.79%

ETSY Earnings

Earnings (TTM)

-694.3M

Earnings Y/Y

173.51%

Earnings Q/Q

111.37%

Price Action

52 Week Range

67.01151.50
(Low)(High)

Last 7 days

-7.5%

Last 30 days

-22.3%

Last 90 days

-16.8%

Trailing 12 Months

-16.2%

ETSY Financial Health

Current Ratio

2.4

Debt/Equity

-4.17

Debt/Cashflow

0.3

ETSY Investor Care

Buy Backs (1Y)

1.55%

Diluted EPS (TTM)

-5.48

Peers (Alternatives to Etsy)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
1.0T
514.0B
-3.36% -34.72%
-376.42
1.99
9.40% -108.16%
96.5B
17.1B
-0.30% 16.13%
31.57
5.65
55.96% 162.49%
61.1B
10.5B
6.89% 24.85%
126.66
5.79
49.06% 480.72%
22.3B
9.8B
-16.60% -24.00%
-17.61
2.28
-6.00% -109.33%
13.1B
2.6B
-22.27% -16.19%
-18.81
5.09
11.73% -479.56%
MID-CAP
2.5B
827.8M
-9.05% -19.18%
33.28
3.06
7.04% -17.17%
SMALL-CAP
1.8B
1.1B
-6.10% -43.07%
30.84
1.64
23.56% -41.21%
1.2B
577.1M
-29.77% -23.08%
-8.89
2.01
23.20% -200596.92%
588.8M
1.8B
13.29% -47.53%
-1.99
0.32
-16.43% -882.41%
467.8M
285.6M
-1.60% -23.64%
11.5
1.64
6.38% -18.68%
304.0M
364.5M
-26.05% -49.75%
-3.62
0.83
-29.59% -31.65%
149.0M
674.1M
-30.23% -71.98%
-0.97
0.22
-37.99% -248.09%
131.8M
1.9B
-13.59% -74.81%
2.81
0.07
240.28% 230.65%

Financials for Etsy

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue2.7%2,5662,4992,4312,3642,297
Gross Profit4.2%1,8221,7481,7071,6731,675
Operating Expenses3.2%2,4802,4041,3241,2741,209
  S&GA Expenses6.1%710670654658655
  R&D Expenses7.9%412382348307272
EBITDA-213.6%-551485496556-
EBITDA Margin-206.8%-0.21*0.20*0.21*--
Earnings Before Taxes-2.6%-661-645387400472
EBT Margin0.1%-0.26*-0.26*0.16*0.17*-
Interest Expenses43.3%14.0010.00---
Net Income27.1%-694-952100125183
Net Income Margin29.0%-0.27*-0.38*0.17*0.18*-
Free Cahsflow0.7%673668552549-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets7.5%2,6352,4503,6073,7453,832
  Current Assets12.0%1,5141,3521,3201,2951,342
    Cash Equivalents16.6%921790759756780
  Goodwill1.3%1381361,2691,3641,371
Liabilities4.1%3,1823,0573,0263,0683,203
  Current Liabilities27.1%632497450483616
  Long Term Debt0.0%2,2802,2792,2782,2762,275
Shareholder's Equity-194.1%-547581677629-
  Retained Earnings-4.1%-1,048-1,00710695.0072.00
  Additional Paid-In Capital5.3%815774712672632
Shares Outstanding-0.5%125126127127127
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations0.2%684682567563652
  Share Based Compensation6.7%231216206169140
Cashflow From Investing43.4%-30.02-53.04-1,504-1,387-1,557
Cashflow From Financing-18.4%-506-427-339420453
  Buy Backs23.9%426344248365303

Risks for ETSY

What is the probability of a big loss on ETSY?

86.9%


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

68.1%


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

50.8%


Probability that Etsy 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 ETSY drawdown profile look like?

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

Drawdowns

Returns for ETSY

Cumulative Returns on ETSY

41.6%


7-Year Cumulative Returns

29.9%


5-Year Cumulative Returns

28.8%


3-Year Cumulative Returns

What are the long-term rolling returns for ETSY?

FIve years rolling returns for Etsy.

Annualized Returns

Which funds bought or sold ETSY recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-15
B. Riley Wealth Advisors, Inc.
reduced
-6.82
70,796
698,796
0.02%
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
added
123
7,948,760
12,694,800
0.01%
2023-03-06
Rockefeller Capital Management L.P.
new
-
4,000
4,000
-%
2023-03-06
Rockefeller Capital Management L.P.
added
4.53
103,000
516,000
-%
2023-03-02
OLIVER LAGORE VANVALIN INVESTMENT GROUP
reduced
-21.15
-188
9,812
0.01%
2023-02-28
Voya Investment Management LLC
added
15.73
-27,581,700
127,488,000
0.18%
2023-02-24
BBJS FINANCIAL ADVISORS, LLC
new
-
23,956
23,956
0.01%
2023-02-24
NATIXIS
sold off
-100
-892,000
-
-%
2023-02-24
SRS Capital Advisors, Inc.
added
9.12
10,438
44,438
0.01%
2023-02-24
National Pension Service
reduced
-7.07
2,190,240
24,891,100
0.05%

1–10 of 41

Latest Funds Activity

Are funds buying ETSY calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own ETSY
No. of Funds

Etsy News

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National Review

Architectural Digest

The Motley Fool Canada

3 Stocks to Add to Your TFSA This Week.

The Motley Fool Canada,
44 hours ago

Business Insider

Schedule 13G FIlings of Etsy

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 13, 2023
capital international investors
5.1%
6,424,148
SC 13G
Feb 09, 2023
vanguard group inc
11.05%
13,892,541
SC 13G/A
Feb 06, 2023
wellington management group llp
6.22%
7,816,653
SC 13G
Jan 27, 2023
blackrock inc.
9.1%
11,463,909
SC 13G/A
Feb 14, 2022
price t rowe associates inc /md/
4.0%
5,191,224
SC 13G/A
Feb 01, 2022
blackrock inc.
9.3%
11,744,586
SC 13G/A
Feb 16, 2021
price t rowe associates inc /md/
6.5%
8,234,991
SC 13G
Feb 10, 2021
vanguard group inc
11.03%
13,902,095
SC 13G/A
Feb 05, 2021
blackrock inc.
7.7%
9,701,405
SC 13G/A
Oct 13, 2020
vanguard group inc
10.88%
12,985,612
SC 13G/A

ETSY Fair Value

Etsy fair value in different scenarios

The table shows the Fair Value estimates for Etsy 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 ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

40.27

-61.44%

53.32

-48.94%

103.28

-1.10%

179.59

71.97%

312.71

199.44%
Current Inflation

36.35

-65.19%

47.52

-54.50%

90.30

-13.53%

154.94

48.37%

267.61

156.26%
Very High Inflation

31.51

-69.83%

40.49

-61.23%

74.94

-28.24%

126.28

20.92%

215.67

106.52%

Historical Etsy Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Etsy

View All Filings
Date Filed Form Type Document
Mar 02, 2023
4
Insider Trading
Mar 02, 2023
4
Insider Trading
Mar 02, 2023
4
Insider Trading
Mar 02, 2023
4
Insider Trading
Mar 02, 2023
4
Insider Trading
Mar 02, 2023
4
Insider Trading
Mar 02, 2023
4
Insider Trading
Mar 02, 2023
4
Insider Trading
Feb 28, 2023
4
Insider Trading
Feb 23, 2023
S-8
Employee Benefits Plan

Latest Insider Trading transactions for ETSY

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-01
Silverman Josh
sold
-2,458,120
117
-20,850
president & ceo
2023-03-01
Silverman Josh
acquired
221,427
10.62
20,850
president & ceo
2023-02-28
Kumar Rachana
sold
-200,091
121
-1,644
chief technology officer
2023-02-24
Glaser Rachel C
sold
-2,488,430
125
-19,822
chief financial officer
2023-02-24
Glaser Rachel C
acquired
618,841
31.2199
19,822
chief financial officer
2023-02-15
Daniel Nicholas
acquired
41,650
41.65
1,000
chief product officer
2023-02-15
Silverman Josh
acquired
221,427
10.62
20,850
president & ceo
2023-02-15
Daniel Nicholas
sold
-139,481
139
-1,000
chief product officer
2023-02-15
Silverman Josh
sold
-2,909,900
139
-20,850
president & ceo
2023-02-02
SCOTT RYAN M.
acquired
610,794
62.06
9,842
chief marketing officer

1–10 of 50

About Etsy

ETSY Income Statement

2022-12-31
Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Income Statement [Abstract]   
Revenue$ 2,566,111$ 2,329,114$ 1,725,625
Cost of revenue744,592654,512464,745
Gross profit1,821,5191,674,6021,260,880
Operating expenses:   
Marketing710,399654,804500,756
Product development412,398271,535180,080
General and administrative312,260282,531156,035
Goodwill impairment1,045,02200
Total operating expenses2,480,0791,208,870836,871
(Loss) income from operations(658,560)465,732424,009
Other (expense) income:   
Loss on extinguishment of debt00(16,855)
Interest expense(14,168)(9,885)(42,025)
Interest and other income10,9562,1377,102
Foreign exchange (loss) gain(206)13,670(6,522)
Total other (expense) income(3,418)5,922(58,300)
(Loss) income before income taxes(661,978)471,654365,709
(Provision) benefit for income taxes(32,310)21,853(16,463)
Net (loss) income$ (694,288)$ 493,507$ 349,246
Net (loss) income per share attributable to common stockholders:   
Basic (in dollars per share)$ (5.48)$ 3.88$ 2.88
Diluted (in dollars per share)$ (5.48)$ 3.40$ 2.69
Weighted average common shares outstanding:   
Basic (in shares)126,778,626127,224,974121,251,588
Diluted (in shares)126,778,626146,683,324136,414,592

ETSY Balance Sheet

2022-12-31
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:  
Cash and cash equivalents$ 921,278$ 780,196
Short-term investments250,413204,416
Accounts receivable, net27,88827,266
Prepaid and other current assets80,203109,417
Funds receivable and seller accounts233,961220,206
Total current assets1,513,7431,341,501
Restricted cash5,3415,341
Property and equipment, net249,744275,062
Goodwill137,7241,371,064
Intangible assets, net535,406607,170
Deferred tax assets121,50695,863
Long-term investments29,13785,034
Other assets42,36050,774
Total assets2,634,9613,831,809
Current liabilities:  
Accounts payable28,75728,007
Accrued expenses331,234328,118
Finance lease obligations—current4,7312,418
Funds payable and amounts due to sellers233,961220,206
Deferred revenue14,00812,339
Other current liabilities19,06424,500
Total current liabilities631,755615,588
Finance lease obligations—net of current portion105,699110,283
Deferred tax liabilities44,73579,484
Long-term debt, net2,279,6402,275,418
Other liabilities120,406122,417
Total liabilities3,182,2353,203,190
Commitments and contingencies (Note 13)
Stockholders’ (deficit) equity:  
Common stock ($0.001 par value, 1,400,000,000 shares authorized as of December 31, 2022 and 2021; 125,054,278 and 127,022,118 shares issued and outstanding as of December 31, 2022 and 2021, respectively)125127
Preferred stock ($0.001 par value, 25,000,000 shares authorized as of December 31, 2022 and 2021)00
Additional paid-in capital815,085631,762
(Accumulated deficit) retained earnings(1,048,267)71,744
Accumulated other comprehensive loss(314,217)(75,014)
Total stockholders’ (deficit) equity(547,274)628,619
Total liabilities and stockholders’ (deficit) equity$ 2,634,961$ 3,831,809