ETSY logo
Etsy Inc.
ETSY
68.21 (-2.33%) 1.59
6.76(B)
Consumer Discretionary
Broadline Retail
Etsy Inc. together with its subsidiaries operates two-sided online marketplaces that connect buyers and sellers worldwide. The company operates through three segments: Etsy Reverb and Depop. It primarily operates Etsy marketplace that connects artisans and entrepreneurs with various consumers. The company also offers Reverb a musical instrument marketplace; and Depop a fashion resale marketplace. In addition it provides marketplace activities including transaction offsite advertising payments processing and listing fees as well as from optional seller services which include on-site advertising and shipping labels. Further the company offers Etsy Search Visibility Page that is designed to give sellers more agency and control over their businesses; Etsy Purchase Protection program that is designed to help buyers; and Etsy Share & Save program for sellers to save on Etsy fees for sales that drive to their Etsy shop from their own channels as well as educational resources. 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.
My Holdings:
(?% ownership)
Shares:
Cost basis:
Market cap:$6.76(B)
EV:$8.42(B)
Total Equity:$-1.12(B)
Div. yield:0.00%
Earnings date:Oct-29-2025
P/E:45.17
P/E (fwd):15.79
P/FCF:10.12
P/S:2.62
P/B:N/A
EPS:$1.5
EPS (fwd):$4.3
FCF/share:$6.7
Dividend/share:$0.0
Book value/share:$-11.3
ROIC:8.9%
ROA:6.6%
ROE:N/A%
Gross margin:72.2%
Net margin:5.8%

ETSY Valuation & Price Targets

Current Price
$68.2
Day change: -2.33%
PEvaluation
N/A
N/A
Analyst targets
N/A
N/A

More Valuation Methods

DCF (2-stage)
N/A
N/A
DCF (simple)
N/A
N/A
DCF (exit mult.)
N/A
N/A
Future P/E
N/A
N/A
Peter Lynch FV
N/A
N/A
Graham No.
N/A
N/A
DDM
N/A
N/A

PEvaluation

23% undervalued
Low
$62.7
Mid
$83.6
High
$104.5
Current price
$68.2
Fair P/E
Margin of safety
Market Model
Shares outstan...ROICRevenue growthDebt/FCFAssets/Liabili...
Economic moat: Medium

EPS Estimates

LowAvgHigh#
FY+13.54.34.811
FY+24.05.15.910
FY+35.55.96.06
FY+46.56.76.82
FY+57.27.27.21
EPS

Analyst Price Targets

5% overvalued
Low
$48.0
Mid
$64.5
High
$86.0
Current price
$68.2

Analyst Recommendations

Strong Buy3
Buy6
Hold20
Sell2
Strong Sell0

EPS Estimates

LowAvgHigh#
FY+13.54.34.811
FY+24.05.15.910
FY+35.55.96.06
FY+46.56.76.82
FY+57.27.27.21

2-stage DCF

First Stage Duration
Starting Free Cash Flow
First Stage Growth Rate
Terminal Growth Rate
Discount Rate

Discounted Cash Flow

Forecast years
Terminal Growth Rate
Discount Rate
Free cash flow estimates:
Y+1 est.
Y+2 est.
0.00%
Y+3 est.
0.00%
Y+4 est.
0.00%
Y+5 est.
0.00%

Discounted Cash Flow (exit mult.)

Forecast years
Exit FCF Multiple
Discount Rate
Free cash flow estimates:
Y+1 est.
Y+2 est.
0.00%
Y+3 est.
0.00%
Y+4 est.
0.00%
Y+5 est.
0.00%

Future P/E Valuation

Projection Years
Base Revenue
Revenue Growth Rate
Final Net Margin
Final P/E Ratio
Discount Rate

Peter Lynch Fair Value

Earnings Per Share
Growth Rate

Graham Formula

Earnings Per Share
EPS Growth (7-10 years)
Government Bond Rate

Dividend Discount Model

Annual Dividend
First Stage Length (Years)
First Stage Growth Rate
Final Growth Rate
Discount Rate

Summary

TTM Financials

Income (TTM)

RevenueGrossNet
Revenue$2.84(B)
Gross profit$2.05(B)
EBITDA$453.88(M)
Net income$164.02(M)
Gross margin72.2%
Operating margin14.0%
Net margin5.8%
Shares outstanding:99.11(M)

Balance sheet

Cash & ST inv.Other ST assetsLong term assetsEquityCurrent liabilitiesLong term debtOther LT liabilities
Total assets$2.56(B)
Current assets$1.65(B)
Total liabilities$3.68(B)
Current liabilities$486.36(M)
Cash & Short-term inv.$1.41(B)
Long-term debt$2.98(B)
Total intangibles$355.09(M)
PP&E$230.23(M)

Cash flow (TTM)

CFOCFICFF
FCF$671.28(M)
CapEx$-18.41(M)
Dividends paid$0
Stock issued$6.83(M)
Stock repurchased$-996.57(M)
Stock-based comp.$258.06(M)
Debt issued$700.00(M)
Debt repaid$-6.05(M)

Per share data (TTM)

Price: $68.2
Revenue: $26.1 (2.6x | 38.2%) Gross profit: $20.7 (3.3x | 30.3%) Earnings: $1.51 (45.2x | 2.2%)
FCF: $6.74 (10.1x | 9.9%) Stock-based Comp.: $2.60 (26.2x | 3.8%) Dividend: $0.00 (N/A | 0.0%)
Total Assets: $25.8 (2.6x | 37.8%) Total Liabilities: $37.1 (1.8x | 54.5%) Book Value: $-11.29 (-6.0x | -16.6%) Cash & ST inv.: $14.3 (4.8x | 20.9%) Debt: $30.1 (2.3x | 44.1%)

Growth Estimates

Revenue

CAGR: 5.5%
FY+1FY+2FY+3FY+4FY+5
FY+1$2.84(B)
FY+2(+1.8%)$2.89(B)
FY+3(+5.3%)$3.04(B)
FY+4(+6.6%)$3.24(B)
FY+5(+8.3%)$3.51(B)

Net Income

CAGR: 8.5%
FY+1FY+2FY+3FY+4FY+5
FY+1$514.94(M)
FY+2(+11.2%)$572.71(M)
FY+3(+8.5%)$621.20(M)
FY+4(+8.4%)$673.40(M)
FY+5(+6.1%)$714.30(M)

EPS

CAGR: 13.5%
FY+1FY+2FY+3FY+4FY+5
FY+1$4.32
FY+2(+18.3%)$5.11
FY+3(+14.7%)$5.86
FY+4(+13.7%)$6.66
FY+5(+7.8%)$7.18

FCF per share

CAGR: -13.4%
FY+1FY+2
FY+1$5.89
FY+2(-13.4%)$5.10

Historical Financials

Showing limited histrical data.
YearlyQuarterly
Income
FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024-500.0(M)0.0500.0(M)1.0(B)1.5(B)2.0(B)2.5(B)
Revenue Operating Income Net IncomeCOGSGross ProfitTotal OpEx.R&DSG&AInterest ExpenseInterest IncomePre-tax incomeIncome tax
Cash flow
FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY20240.0200.0(M)400.0(M)600.0(M)
Stock-based Comp. FCFCFONet IncomeD&ACFFStock IssuedStock RepurchasedDebt IssuedDebt RepaidDividend PaidCFIAcquisitionsDivestituresCapital Expenditures
Balance sheet
FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY20240.01.0(B)2.0(B)3.0(B)
Total Assets Total LiabilitiesCurrent assetsCash and EquivalentsShort-term investmentsInventoriesReceivablesNon-current assetsNet PP&EIntangible AssetsGoodwillCurrent liabilitiesAccounts payableNon-current liabilitiesLong-Term DebtTotal Equity
Per share data
FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024-4.0-2.00.02.04.0
EPS (Basic) FCF/Share Dividend/ShareEPS (Diluted)Book value/ShareCash & ST inv./ShareDebt/Share
Ratios
FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY20240.010.020.030.040.050.060.0
P/E P/S EV/EarningsP/FCFP/BEV/FCFDebt/EquityPayout ratio
Margins
FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY20240%20%40%60%
Net Income Margin Operating Margin Gross MarginEBITDA MarginFCF Margin
Returns
FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY20240%5%10%15%20%
ROIC ROAROCEROE
Shares outstanding
FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY20240.020.0(M)40.0(M)60.0(M)80.0(M)100.0(M)120.0(M)
Shares (Basic)Shares (Diluted)
Market Cap.
FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY20240.05.0(B)10.0(B)15.0(B)20.0(B)25.0(B)
Market Cap.

KPIs

No KPI data available yet!

Similar Companies

Ownership

Major holders

*Excludes indirect insider ownership

Insiders: 1.16%
Institutions: 124.46%

Institutional ownership

12.90% Blackrock Inc.11.92% Vanguard Group Inc5.34% Renaissance Technologi...5.07% Barclays Plc5.04% Elliott Investment Man...5.03% Impactive Capital, LP4.70% AQR Capital Management...3.69% State Street Corporati...3.56% Van Eck Associates Cor...3.36% Goldman Sachs Group In...63.85% Others

Trading Summary

In the past year, insiders have bought $0.00 worth of the company's stock, and sold $26.72(M).

Congress members have bought between $2002 - $30000 worth of the company's stock, and sold between $0.00 - $0.00.

Insider transactions

2025-09

$0.00
$0.00

2025-08

$2.82(M)
$0.00

2025-07

$10.29(M)
$0.00

2025-06

$8.84(M)
$0.00

2025-05

$1.13(M)
$0.00

2025-04

$1.27(M)
$0.00

2025-03

$75726
$0.00

2025-02

$1.39(M)
$0.00

2025-01

$103050
$0.00

2024-12

$196380
$0.00

2024-11

$62611
$0.00

2024-10

$199276
$0.00

2024-09

$41550
$0.00
DateSharesTotal ($)Price ($)NameTitle
Sell2025-08-0711,944708,45659.3PATEL GOYAL KRUTIPresident
Sell2025-08-045,817342,21458.8BUCKLEY MERILEEOfficer
Sell2025-08-011,50088,18758.8DANIEL NICHOLAS ALLENOfficer
Sell2025-08-0121,6661,273,18758.8SILVERMAN JOSHChief Executive Officer
Sell2025-08-016,909406,87158.9REIFF MELISSADirector
Grant2025-08-0121,666230,09310.6SILVERMAN JOSHChief Executive Officer
Grant2025-08-016,909230,96833.4REIFF MELISSADirector
Sell2025-07-24140,0009,100,00065.0SILVERMAN JOSHChief Executive Officer
Grant2025-07-24140,0001,486,80010.6SILVERMAN JOSHChief Executive Officer
Sell2025-07-011,50077,04451.4DANIEL NICHOLAS ALLENOfficer
Sell2025-07-0121,6661,112,92251.4SILVERMAN JOSHChief Executive Officer
Grant2025-07-0142,228230,0935.4SILVERMAN JOSHChief Executive Officer
Sell2025-06-021,50088,16258.8DANIEL NICHOLAS ALLENOfficer
Sell2025-06-02151,6668,748,52157.7SILVERMAN JOSHChief Executive Officer
Grant2025-06-02151,6661,610,69310.6SILVERMAN JOSHChief Executive Officer
Sell2025-05-162,350110,47447.0COLBURN RICHARD EDWARD IIIChief Technology Officer
Sell2025-05-1545021,10046.9BLOW MARLA JDirector
Grant2025-05-0954,32500.0SILVERMAN JOSHChief Executive Officer
Sell2025-05-011,50064,60643.1DANIEL NICHOLAS ALLENOfficer
Sell2025-05-0121,666933,55643.1SILVERMAN JOSHChief Executive Officer
Grant2025-05-0143,332460,18610.6SILVERMAN JOSHChief Executive Officer
Sell2025-04-031,44469,74448.3NADAL TONI THOMPSONOfficer
Sell2025-04-031,67681,11948.4BUCKLEY MERILEEOfficer
Sell2025-04-011,50072,36548.2DANIEL NICHOLAS ALLENOfficer
Sell2025-04-0121,6661,044,93748.2SILVERMAN JOSHChief Executive Officer
Grant2025-03-177,554120,86416.0KLEIN JONATHAN DEBORAHDirector
Sell2025-03-031,50075,72650.5DANIEL NICHOLAS ALLENOfficer
Sell2025-02-2421,6661,127,77552.1SILVERMAN JOSHChief Executive Officer
Grant2025-02-2421,666230,09310.6SILVERMAN JOSHChief Executive Officer
Sell2025-02-1445025,46256.6BLOW MARLA JDirector
Sell2025-02-042,837154,92954.6NADAL TONI THOMPSONOfficer
Sell2025-02-031,50083,01755.3DANIEL NICHOLAS ALLENOfficer
Sell2025-01-0342522,69253.4BUCKLEY MERILEEOfficer
Sell2025-01-021,50080,35853.6DANIEL NICHOLAS ALLENOfficer
Sell2024-12-051,00060,00060.0KUMAR RACHANAChief Technology Officer
Sell2024-12-0590854,48060.0BUCKLEY MERILEEOfficer
Grant2024-12-0560024,99041.6KUMAR RACHANAChief Technology Officer
Grant2024-12-0590817,39719.2BUCKLEY MERILEEOfficer
Sell2024-12-021,50081,90054.6DANIEL NICHOLAS ALLENOfficer
Sell2024-11-2145023,24051.6BLOW MARLA JDirector
Sell2024-11-0175039,37152.5DANIEL NICHOLAS ALLENOfficer
Sell2024-10-031,44373,75251.1NADAL TONI THOMPSONOfficer
Sell2024-10-031,67685,66051.1BUCKLEY MERILEEOfficer
Sell2024-10-0175039,86453.2DANIEL NICHOLAS ALLENOfficer
Sell2024-09-0375041,55055.4DANIEL NICHOLAS ALLENOfficer
Sell2024-08-201,860100,14853.8BALLARD CHARLES ANDREWDirector
Sell2024-08-163,293177,75654.0BUCKLEY MERILEEOfficer
Sell2024-08-1550026,55553.1BLOW MARLA JDirector

Congressional trading

2025-09

$0.00
$0.00

2025-08

$0.00
$0.00

2025-07

$0.00
$0.00

2025-06

$0.00
$0.00

2025-05

$0.00
$0.00

2025-04

$0.00
$0.00

2025-03

$0.00
$0.00

2025-02

$0.00
$0.00

2025-01

$0.00
$0.00

2024-12

$0.00
$0.00

2024-11

$0.00
$0.00

2024-10

$0.00
$0.00

2024-09

$0.00
$0.00
DatePoliticianPartyChamberAmount ($)
Buy2024-08-02Ro KhannaDHouse$1,001 - $15,000
Buy2024-08-02Ro KhannaDHouse$1,001 - $15,000

Tools

Dividend Income

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Required Investment

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The Required Investment Calculator helps you determine the amount of money you need to invest in a stock to achieve a desired dividend.

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Future Dividend Yield

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What is the Future Yield Calculator?

The Future Yield Calculator helps you estimate the future dividend yield of a stock based on its current dividend, price, and expected dividend growth rate.

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Future Dividend Income

Base Dividend
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What is the Future Dividend Income Calculator?

The Future Dividend Income Calculator helps you estimate the future dividend income from your investments based on the current dividend yield and expected growth rate.

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