-0.04%
5.95%
8.93%
-13.98%
-15.81%
-64.33%
14.80%

Company Description

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 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 various seller tools, including Shop Manager dashboard, a centralized hub for Etsy sellers to track orders, manage inventory, view metrics and statistics, and have conversations with their customers; and Sell on Etsy, an application to enable enhanced onboarding and video uploading.


Additionally, it offers Etsy seller analytics pages that provides insights regarding traffic acquisition for their shops; Targeted Offers, a sales and promotions tool, and social media tool; and accounting and bookkeeping services.The company also provides 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.As of December 31, 2021, it connected a total of 7.5 million active sellers to 96.3 million active buyers; and had 120 million items for sale.


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.

Market Data

Last Price 55.98
Change Percentage -0.13%
Open 56.19
Previous Close 56.06
Market Cap ( Millions) 6298
Volume 40546
Year High 80.3
Year Low 47.1
M A 50 54.74
M A 200 57.2

Financial Ratios

FCF Yield 11.27%
Dividend Yield 0.00%
ROE -43.01%
Debt / Equity -382.53%
Net Debt / EBIDTA 331.74%
Price To Book -10.24
Price Earnings Ratio 24.91
Price To FCF 8.87
Price To sales 2.25
EV / EBITDA 16.63

Business Breakdown

Expected Mid-Term Growth

Segment nΒ°1 -> Marketplace

Expected Growth : 5.5 %

What the company do ?

Etsy's Marketplace is a platform where creative entrepreneurs and makers sell handmade, vintage, and unique items, fostering a community of artisans and buyers.

Why we expect these perspectives ?

Etsy's marketplace growth of 5.5% is driven by increasing active buyers and sellers, expansion into new categories, and improved user experience. Strong demand for unique, handmade, and vintage items, as well as growing adoption of e-commerce, contribute to the growth. Additionally, Etsy's investments in marketing, shipping, and payment capabilities enhance the overall platform experience, attracting more buyers and sellers.

Segment nΒ°2 -> Services

Expected Growth : 6.5 %

What the company do ?

Etsy, Inc. offers various services including payment processing, advertising, and shipping labels, enabling sellers to focus on their craft and grow their business.

Why we expect these perspectives ?

Etsy's 6.5% growth is driven by increasing demand for unique, handmade, and vintage items, as well as the platform's expanding presence in international markets. Additionally, the company's focus on improving user experience, enhancing search functionality, and investing in marketing efforts have contributed to its growth.

Etsy, Inc. Products

Product Range What is it ?
Handmade Products Unique, handmade items such as jewelry, clothing, accessories, and home decor created by independent sellers.
Vintage Items Gently used, unique, and rare items from past decades, including clothing, accessories, and home decor.
Craft Supplies Materials and tools for crafting, including fabric, yarn, beads, and other creative materials.
Digital Goods Digital files, such as printables, templates, and tutorials, for creative projects and small businesses.
Etsy Payments A payment processing system for sellers to manage transactions and track sales.
Etsy Ads A platform for sellers to advertise their products and reach a targeted audience.
Etsy Plus A subscription-based service offering additional features and tools for sellers to manage and grow their business.

Etsy, Inc.'s Porter Forces

Etsy's unique marketplace model and strong brand recognition reduce the threat of substitutes, but some customers may still opt for alternative platforms or DIY solutions.

Individual customers have limited bargaining power due to Etsy's large customer base and the platform's ability to attract new buyers.

Etsy's large supplier base and the ease of onboarding new sellers reduce the bargaining power of individual suppliers.

While entering the market requires significant investment, new entrants could potentially disrupt Etsy's market share if they offer innovative features or better user experiences.

The online marketplace industry is highly competitive, with established players like Amazon and eBay, as well as niche platforms, competing for market share.

Capital Structure

Value
Debt Weight 129.46%
Debt Cost 3.95%
Equity Weight -29.46%
Equity Cost 13.94%
WACC 1.00%
Leverage -439.48%

Historical Valuation

Price/Earnings Ratio

Margin Valuation

Peers Valuation

Competitors

Company Rational
RH RH, together with its subsidiaries, operates as a retailer in the home furnishings. It offers products in various categories, including furniture, lighting, textiles, bathware, dΓ©cor, outdoor and garden, and child …
AAP Advance Auto Parts, Inc. provides automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. The company …
W Wayfair Inc. engages in the e-commerce business in the United States and internationally. The company provides approximately thirty-three million products for the home sector under various brands. It offers online …
ULTA Ulta Beauty, Inc. operates as a retailer of beauty products in the United States. The company's stores offer cosmetics, fragrances, skincare and haircare products, bath and body products, and salon …
CVNA Carvana Co., together with its subsidiaries, operates an e-commerce platform for buying and selling used cars in the United States. The company's platform allows customers to research and identify a …

Peers Metrics

DCF BETA

Parameters

Short Term Growth
Short term Time
Long-Term Growth
WACC
Target Price
56.04$
Current Price
56.03$
Potential
0.00%

Expected Cash-Flows

Scoring Insights

Peers Group Analysis

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