(ETOR) eToro - Overview
Sector: Financial Services | Industry: Capital Markets | Exchange: NASDAQ (USA) | Market Cap: 3.238m USD | Total Return: -38.6% in 12m
Avg Turnover: 37.0M
Qual. Beats: 0
Rev. Trend: -55.1%
Warnings
No concerns identified
Tailwinds
Confidence
eToro Group Ltd. is a multi-asset brokerage firm headquartered in Israel that facilitates trading across equities, cryptocurrencies, commodities, and currencies. The company operates a proprietary platform integrated with social trading features, such as CopyTrader, which allows users to replicate the portfolios of experienced investors. Its ecosystem includes educational resources through eToro Academy and financial management services via eToro Money.
The Investment Banking & Brokerage sector has increasingly shifted toward commission-free models, placing a higher strategic value on payment for order flow and interest income on uninvested cash. eToro utilizes a hybrid business model that combines traditional asset ownership with derivative products to provide market access to a global retail user base. For a deeper look into the companys valuation metrics, consider reviewing the data on ValueRay.
- Retail trading volume volatility directly impacts commission and spread revenue growth
- Crypto asset price fluctuations drive platform engagement and transaction fee income
- Global regulatory compliance costs and licensing shifts influence geographic market expansion
- Social trading feature adoption rates determine user retention and lifetime customer value
- High interest rates boost net interest income on uninvested client cash balances
| Net Income: 238.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.14 > 0.02 and ΔFCF/TA -3.81 > 1.0 |
| NWC/Revenue: 19.11% < 20% (prev 6.43%; Δ 12.68% < -1%) |
| CFO/TA 0.17 > 3% & CFO 314.1m > Net Income 238.1m |
| Net Debt (-1.19b) to EBITDA (321.4m): -3.70 < 3 |
| Current Ratio: 235.2 > 1.5 & < 3 |
| Outstanding Shares: last quarter (94.2m) vs 12m ago 14.97% < -2% |
| Gross Margin: 13.37% > 18% (prev 0.05%; Δ 1.33k% > 0.5%) |
| Asset Turnover: 430.0% > 50% (prev 1.03k%; Δ -604.9% > 0%) |
| Interest Coverage Ratio: 9.45 > 6 (EBITDA TTM 321.4m / Interest Expense TTM 32.6m) |
| A: 0.69 (Total Current Assets 1.28b - Total Current Liabilities 5.46m) / Total Assets 1.86b |
| B: 0.13 (Retained Earnings 250.7m / Total Assets 1.86b) |
| C: 0.20 (EBIT TTM 308.2m / Avg Total Assets 1.56b) |
| D: 3.20 (Book Value of Equity 1.54b / Total Liabilities 481.9m) |
| Altman-Z'' = 9.65 = AAA |
| DSRI: 0.29 (Receivables 8.95m/60.7m, Revenue 6.70b/13.0b) |
| GMI: 0.40 (GM 13.37% / 5.36%) |
| AQI: 5.21 (AQ_t 0.29 / AQ_t-1 0.06) |
| SGI: 0.52 (Revenue 6.70b / 13.0b) |
| TATA: -0.04 (NI 238.1m - CFO 314.1m) / TA 1.86b) |
| Beneish M = -2.05 (Cap -4..+1) = BB |
As of May 24, 2026, the stock is trading at USD 39.61 with a total of 722,556 shares traded.
Over the past week, the price has changed by +0.64%,
over one month by +8.50%,
over three months by +33.76% and
over the past year by -38.55%.
eToro has no consensus analysts rating.
| Analysts Target Price | 55.6 | 40.4% |
P/E Forward = 12.6103
P/S = 0.2616
P/B = 2.3514
Revenue TTM = 6.70b USD
EBIT TTM = 308.2m USD
EBITDA TTM = 321.4m USD
Long Term Debt = 28.2m USD (estimated: total debt 33.7m - short term 5.46m)
Short Term Debt = 5.46m USD (from shortTermDebt, last quarter)
Debt = 88.1m USD (from shortLongTermDebtTotal, last quarter) + Leases 54.5m
Net Debt = -1.19b USD (calculated: Debt 88.1m - CCE 1.28b)
Enterprise Value = 2.05b USD (3.24b + Debt 88.1m - CCE 1.28b)
Interest Coverage Ratio = 9.45 (Ebit TTM 308.2m / Interest Expense TTM 32.6m)
EV/FCF = 8.01x (Enterprise Value 2.05b / FCF TTM 256.0m)
FCF Yield = 12.49% (FCF TTM 256.0m / Enterprise Value 2.05b)
FCF Margin = 3.82% (FCF TTM 256.0m / Revenue TTM 6.70b)
Net Margin = 3.56% (Net Income TTM 238.1m / Revenue TTM 6.70b)
Gross Margin = 13.37% ((Revenue TTM 6.70b - Cost of Revenue TTM 5.80b) / Revenue TTM)
Gross Margin QoQ = 93.92% (prev 92.13%)
Tobins Q-Ratio = 1.10 (Enterprise Value 2.05b / Total Assets 1.86b)
Interest Expense / Debt = 37.01% (Interest Expense 32.6m / Debt 88.1m)
Taxrate = 16.93% (16.8m / 99.2m)
NOPAT = 256.1m (EBIT 308.2m * (1 - 16.93%))
Current Ratio = 129.8 (out of range, set to none) (Total Current Assets 1.28b / Total Current Liabilities 9.90m)
Debt / Equity = 0.06 (Debt 88.1m / totalStockholderEquity, last quarter 1.38b)
Debt / EBITDA = -3.70 (Net Debt -1.19b / EBITDA 321.4m)
Debt / FCF = -4.64 (Net Debt -1.19b / FCF TTM 256.0m)
Total Stockholder Equity = 1.37b (last 4 quarters mean from totalStockholderEquity)
RoA = 15.29% (Net Income 238.1m / Total Assets 1.86b)
RoE = 17.42% (Net Income TTM 238.1m / Total Stockholder Equity 1.37b)
RoCE = 22.09% (EBIT 308.2m / Capital Employed (Equity 1.37b + L.T.Debt 28.2m))
RoIC = 13.81% (NOPAT 256.1m / Invested Capital 1.85b)
WACC = 14.34% (E(3.24b)/V(3.33b) * Re(13.89%) + D(88.1m)/V(3.33b) * Rd(37.01%) * (1-Tc(0.17)))
Discount Rate = 13.89% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: 57.17 | Cagr: 7.22%
[DCF] Terminal Value 61.08% ; FCFF base≈241.9m ; Y1≈277.3m ; Y5≈408.1m
[DCF] Fair Price = 62.11 (EV 2.96b - Net Debt -1.19b = Equity 4.15b / Shares 66.8m; r=14.34% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.08 | # QB: 0
Revenue Correlation: -55.08 | Revenue CAGR: -51.65% | SUE: N/A | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.62 | Chg30d=+4.58% | Revisions=+27% | Analysts=10
EPS next Quarter (2026-09-30): EPS=0.62 | Chg30d=-1.55% | Revisions=-17% | Analysts=10
EPS current Year (2026-12-31): EPS=2.82 | Chg30d=+9.33% | Revisions=+60% | GrowthEPS=+24.2% | GrowthRev=+11.3%
EPS next Year (2027-12-31): EPS=3.24 | Chg30d=+5.80% | Revisions=+47% | GrowthEPS=+15.0% | GrowthRev=+9.6%
[Analyst] Revisions Ratio: +60%