ETSY Stock Analysis: Etsy | NYSE
Internet Retail | NYSE, USA | Market Cap: 7.454m USD | 12M Return: 51.7% | US29786A1060 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 241M
EPS Trend: -44.6%
Qual. Beats: 0
Rev. Trend: 94.6%
Qual. Beats: 1
Warnings
Tailwinds
Seasonality 11.3 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Etsy, Inc. operates two-sided online marketplaces that link buyers and sellers across multiple countries, structured around two main segments: the Etsy marketplace, which connects artisans with consumers, and Depop, a fashion resale platform. The company generates revenue through marketplace activities such as transaction fees, offsite advertising, payments processing, and listing fees, as well as optional seller services like on-site advertising and shipping labels.
Founded in 2005 and headquartered in Brooklyn, New York, the company was originally named Indieco before adopting the Etsy name in June 2006. As a participant in the consumer discretionary sector, Etsy sits within the broader e-commerce industry, where two-sided marketplace operators typically monetize by charging sellers a commission on each transaction in addition to offering ancillary advertising and logistics services.
- Active buyer count declines as post-pandemic demand normalizes
- Depop segment growth slows amid competition from Vinted and Poshmark
- Offsite ads and payments drive take rate expansion
| Net Income: 209.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.25 > 0.02 and ΔFCF/TA 0.46 > 1.0 |
| NWC/Revenue: 21.16% < 20% (prev 41.50%; Δ -20.34% < -1%) |
| CFO/TA 0.27 > 3% & CFO 657.4m > Net Income 209.5m |
| Net Debt (2.04b) to EBITDA (559.1m): 3.66 < 3 |
| Current Ratio: 1.48 > 1.5 & < 3 |
| Outstanding Shares: last quarter (120.0m) vs 12m ago -1.28% < -2% |
| Gross Margin: 72.30% > 18% (prev 72.68%; Δ -0.39% > 0.5%) |
| Asset Turnover: 114.5% > 50% (prev 109.5%; Δ 4.98% > 0%) |
| Interest Coverage Ratio: 25.90 > 6 (EBIT TTM 479.4m / Interest Expense TTM 18.5m) |
| A: 0.25 (Total Current Assets 1.88b - Total Current Liabilities 1.27b) / Total Assets 2.44b |
| B: -1.14 (Retained Earnings -2.78b / Total Assets 2.44b) |
| C: 0.19 (EBIT TTM 479.4m / Avg Total Assets 2.50b) |
| D: -0.36 (Book Value of Equity -1.40b / Total Liabilities 3.83b) |
| Altman-Z'' = -1.18 = CCC |
| DSRI: 1.35 (Receivables 202.5m/147.1m, Revenue 2.86b/2.80b) |
| GMI: 1.01 (GM 72.68% / 72.30%) |
| AQI: 0.56 (AQ_t 0.15 / AQ_t-1 0.27) |
| SGI: 1.02 (Revenue 2.86b / 2.80b) |
| TATA: -0.18 (NI 209.5m - CFO 657.4m) / TA 2.44b) |
| Beneish M = -3.00 (Cap -4..+1) = A |
As of August 25, 2026, the stock is trading at USD 87.03 with a total of 4,501,182 shares traded. Over the past week, the price has changed by +10.99%, over one month by +7.95%, over three months by +35.29% and over the past year by +51.65%.
Current recommended Stop Loss: 82.80 (which is 4.9% or 1.3 ATR below the current price).
Etsy has received a consensus analysts rating of 3.43. Therefore, it is recommended to hold ETSY.
- StrongBuy: 6
- Buy: 3
- Hold: 20
- Sell: 0
- StrongSell: 1
| Analysts Target Price | 86.4 | -0.7% |
P/E Trailing = 25.6994
P/E Forward = 20.0
P/S = 2.5337
P/B = 21.4211
P/EG = 1.0507
Revenue TTM = 2.86b USD
EBIT TTM = 479.4m USD
EBITDA TTM = 559.1m USD
Long Term Debt = 2.34b USD (from longTermDebt, last quarter)
Short Term Debt = 649.6m USD (from shortTermDebt, last quarter)
Debt = 3.17b USD (from shortLongTermDebtTotal, last quarter) + Leases 90.3m
Net Debt = 2.04b USD (calculated: Debt 3.17b - CCE 1.12b)
Enterprise Value = 9.50b USD (7.45b + Debt 3.17b - CCE 1.12b)
Interest Coverage Ratio = 25.90 (Ebit TTM 479.4m / Interest Expense TTM 18.5m)
EV/FCF = 15.40x (Enterprise Value 9.50b / FCF TTM 616.7m)
FCF Yield = 6.49% (FCF TTM 616.7m / Enterprise Value 9.50b)
FCF Margin = 21.57% (FCF TTM 616.7m / Revenue TTM 2.86b)
Net Margin = 7.33% (Net Income TTM 209.5m / Revenue TTM 2.86b)
Gross Margin = 72.30% ((Revenue TTM 2.86b - Cost of Revenue TTM 792.1m) / Revenue TTM)
Gross Margin QoQ = 72.43% (prev 72.17%)
Tobins Q-Ratio = 3.89 (Enterprise Value 9.50b / Total Assets 2.44b)
Interest Expense / Debt = 0.58% (Interest Expense 18.5m / Debt 3.17b)
Taxrate = 17.81% (87.8m / 493.1m)
NOPAT = 394.0m (EBIT 479.4m * (1 - 17.81%))
Current Ratio = 1.48 (Total Current Assets 1.88b / Total Current Liabilities 1.27b)
Debt / Equity = -2.27 (negative equity) (Debt 3.17b / totalStockholderEquity, last quarter -1.40b)
Debt / EBITDA = 3.66 (Net Debt 2.04b / EBITDA 559.1m)
Debt / FCF = 3.31 (Net Debt 2.04b / FCF TTM 616.7m)
Total Stockholder Equity = -1.19b (last 4 quarters mean from totalStockholderEquity)
RoA = 8.39% (Net Income 209.5m / Total Assets 2.44b)
RoE = -17.67% (negative equity) (Net Income TTM 209.5m / Total Stockholder Equity -1.19b)
RoCE = 41.67% (EBIT 479.4m / Capital Employed (Equity -1.19b + L.T.Debt 2.34b))
RoIC = 23.51% (NOPAT 394.0m / Invested Capital 1.68b)
WACC = 7.30% (E(7.45b)/V(10.6b) * Re(10.19%) + D(3.17b)/V(10.6b) * Rd(0.58%) * (1-Tc(0.18)))
Discount Rate = 10.19% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -58.22 | Cagr: -5.22%
[DCF] Terminal Value 75.05% ; FCFF base≈623.9m ; Y1≈611.6m ; Y5≈617.6m
[DCF] Fair Price = 82.94 (EV 9.66b - Net Debt 2.04b = Equity 7.61b / Shares 91.8m; r=8.35% [WACC [floored]]; 5y FCF grow -2.83% → 2.50% )
EPS Correlation: -44.58 | EPS CAGR: -13.09% | SUE: 0.57 | # QB: 0
Revenue Correlation: 94.63 | Revenue CAGR: 1.75% | SUE: 1.16 | # QB: 1
EPS current Quarter (2026-09-30): EPS=0.75 | Chg30d=-2.34% | Revisions=-6% | Analysts=24
EPS current Year (2026-12-31): EPS=3.34 | Chg30d=-5.55% | Revisions=+38% | GrowthEPS=+140.5% | GrowthRev=-1.2%
EPS next Year (2027-12-31): EPS=4.47 | Chg30d=+10.21% | Revisions=+76% | GrowthEPS=+33.8% | GrowthRev=+4.4%
[Analyst] Revisions Ratio: +43% (up=37, down=14)