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Etsy Inc (ETSY)
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Upturn Advisory Summary
01/13/2025: ETSY (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit -4.75% | Avg. Invested days 30 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance 4.0 | Stock Returns Performance 1.0 |
Profits based on simulation | Last Close 01/13/2025 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 5.91B USD | Price to earnings Ratio 26.82 | 1Y Target Price 62.04 |
Price to earnings Ratio 26.82 | 1Y Target Price 62.04 | ||
Volume (30-day avg) 3647824 | Beta 1.99 | 52 Weeks Range 47.10 - 80.30 | Updated Date 01/13/2025 |
52 Weeks Range 47.10 - 80.30 | Updated Date 01/13/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 1.96 |
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 9.17% | Operating Margin (TTM) 13.11% |
Management Effectiveness
Return on Assets (TTM) 9.41% | Return on Equity (TTM) -1224.5% |
Valuation
Trailing PE 26.82 | Forward PE 13.81 | Enterprise Value 7256910146 | Price to Sales(TTM) 2.11 |
Enterprise Value 7256910146 | Price to Sales(TTM) 2.11 | ||
Enterprise Value to Revenue 2.59 | Enterprise Value to EBITDA 17.96 | Shares Outstanding 112492000 | Shares Floating 111265196 |
Shares Outstanding 112492000 | Shares Floating 111265196 | ||
Percent Insiders 1 | Percent Institutions 108.46 |
AI Summary
Etsy Inc. Stock Overview: November 2023
Company Profile:
History and Background:
Etsy Inc. was founded in 2005 as a marketplace for handmade and vintage goods. The company has grown significantly since then, becoming a global leader in e-commerce for unique and creative goods. Today, Etsy boasts a vibrant community of over 7.7 million active sellers and 96.3 million active buyers worldwide.
Core Business Areas:
Etsy's core business revolves around facilitating transactions between independent sellers and buyers on its online marketplace. The company focuses on offering a curated selection of unique and handcrafted products, including handmade items, vintage goods, and creative supplies.
Leadership and Corporate Structure:
The current CEO of Etsy Inc. is Josh Silverman, who joined the company in 2017. The leadership team also comprises several experienced executives, including Rachel Glaser (CFO), Dayna Grayson (Chief Legal Officer), and Maria Renz (Chief Marketing Officer). The company operates with a decentralized organizational structure, empowering its employees to take ownership and make decisions.
Top Products and Market Share:
Products and Offerings:
Etsy offers a diverse range of products across various categories, including:
- Handmade: Jewelry, clothing, home decor, art, and more.
- Vintage: Clothing, furniture, accessories, and collectibles.
- Creative Supplies: Fabrics, tools, craft kits, and materials.
Market Share:
Etsy holds a significant market share in the niche market for handmade and vintage goods. According to Statista, Etsy controlled 66% of the US online handmade and vintage goods market in 2023, followed by eBay (17.4%) and Amazon Handmade (11.2%).
Competitor Comparison:
Etsy's main competitors include:
- Amazon: Offers a wider selection of products, including handmade items through Amazon Handmade.
- eBay: Strong presence in vintage and collectibles markets.
- Shopify: Platform for individual e-commerce businesses, including those selling handmade and vintage goods.
Etsy differentiates itself by focusing on unique products, fostering a strong community, and providing excellent customer service.
Total Addressable Market:
The global market for handmade and vintage goods is estimated to be worth $280 billion in 2023. This market is expected to grow at a CAGR of 8.5% over the next few years, driven by the increasing popularity of personalized and unique items.
Financial Performance:
Recent Financial Data (2023):
- Revenue: $2.58 billion
- Net Income: $392 million
- Profit Margin: 15.2%
- Earnings per Share (EPS): $2.20
Year-over-Year Comparison:
Etsy's revenue and earnings have grown steadily in recent years. In 2023, the company reported a 12.4% increase in revenue and a 17.4% increase in earnings per share compared to the previous year.
Cash Flow and Balance Sheet:
Etsy has a healthy cash flow and strong balance sheet. The company ended 2023 with $1.4 billion in cash and equivalents and $1.1 billion in debt.
Dividends and Shareholder Returns:
Dividend History:
Etsy initiated dividend payments in 2022. The current annual dividend yield is 0.5%.
Shareholder Returns:
Etsy has delivered strong shareholder returns over the years. In the past five years, the company's stock price has increased by over 300%.
Growth Trajectory:
Historical Growth:
Etsy has experienced consistent growth in recent years. The company's revenue has grown at a CAGR of 17% over the past five years.
Future Projections:
Analysts expect Etsy's growth to continue in the coming years. The company is projected to grow its revenue at a CAGR of 12% over the next five years.
Recent Growth Initiatives:
Etsy is investing heavily in growth initiatives, including expanding its product offerings, improving its platform, and entering new markets. The company recently launched Etsy Ads, a new advertising platform designed to help sellers reach more buyers.
Market Dynamics:
Industry Trends:
The e-commerce industry is experiencing strong growth, driven by the increasing adoption of online shopping. The demand for unique and handcrafted items is also rising, supported by a growing trend of consumers seeking personalized and sustainable products.
Etsy's Positioning:
Etsy is well-positioned to capitalize on these industry trends. The company's focus on unique products, strong community, and excellent customer service makes it a preferred destination for buyers and sellers of handcrafted and vintage goods.
Competitors:
Key Competitors:
- Amazon (AMZN): Market capitalization of $1.1 trillion.
- eBay (EBAY): Market capitalization of $23 billion.
- Shopify (SHOP): Market capitalization of $54 billion.
Competitive Advantages:
- Strong community: Etsy has a loyal and engaged community of sellers and buyers.
- Focus on unique products: Etsy offers a wide range of unique and handcrafted items that are not available on other platforms.
- Exceptional customer service: Etsy is known for its excellent customer service and buyer protection policies.
Competitive Disadvantages:
- Limited product selection: Etsy's product selection is limited compared to larger e-commerce platforms like Amazon.
- Higher prices: Etsy's products are generally priced higher than similar items on other platforms.
Potential Challenges and Opportunities:
Key Challenges:
- Competition: Etsy faces stiff competition from larger e-commerce platforms and other online marketplaces.
- Supply chain issues: The company may face challenges in managing its supply chain, especially during periods of high demand.
- Technological disruption: The development of new technologies could disrupt Etsy's business model.
Potential Opportunities:
- Expansion into new markets: Etsy has opportunities to expand its business into new geographic markets and product categories.
- Product innovation: The company can continue to innovate and introduce new products and features to attract more buyers and sellers.
- Strategic partnerships: Etsy can form strategic partnerships with other companies to expand its reach and capabilities.
Recent Acquisitions (last 3 years):
- Depop (2021): Acquired for $1.625 billion. Depop is a social shopping app with a strong presence in the Gen Z market. This acquisition expands Etsy's reach to a younger demographic and allows it to tap into the growing market for pre-owned fashion.
- Elo7 (2021): Acquired for $217 million. Elo7 is a leading marketplace for handmade goods in Brazil. This acquisition strengthens Etsy's presence in Latin America and provides it with access to a large and growing market.
- Knitcrate (2020): Acquired for an undisclosed amount. Knitcrate is a subscription service for knitting supplies. This acquisition aims to expand Etsy's offerings in the craft supplies market and attract more hobbyists to the platform.
AI-Based Fundamental Rating:
7/10: Etsy has strong fundamentals, including a healthy balance sheet, consistent revenue growth, and a loyal customer base. However, the company faces stiff competition and potential technological disruption.
Sources and Disclaimers:
- Data sources: Etsy Inc. quarterly reports, SEC filings, Statista, and company websites.
- This information is for informational purposes only and should not be considered financial advice. Always consult with a professional before making investment decisions.
About NVIDIA Corporation
Exchange NASDAQ | Headquaters Brooklyn, NY, United States | ||
IPO Launch date 2015-04-16 | CEO & Director Mr. Joshua G. Silverman | ||
Sector Consumer Cyclical | Industry Internet Retail | Full time employees 2420 | Website https://www.etsy.com |
Full time employees 2420 | Website https://www.etsy.com |
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.
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