Etsy Inc Stock Current Asset
| ETSY Stock | USD 68.35 1.90 2.86% |
Etsy Inc fundamentals help investors to digest information that contributes to Etsy's financial success or failures. It also enables traders to predict the movement of Etsy Stock. The fundamental analysis module provides a way to measure Etsy's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Etsy stock.
Other Current Assets is likely to rise to about 136.4 M in 2024, whereas Non Current Assets Total are likely to drop slightly above 679.8 M in 2024. Etsy | Current Asset |
Etsy Inc Company Current Asset Analysis
Etsy's Current Asset is all of the company's assets that can be used to pay off current liabilities within the current fiscal period or over the next 12 months. Current Asset includes cash or cash equivalents, accounts receivable, short-term investments, and the portion of prepaid liabilities which will be paid within the next 12 months. Because these assets are easily turned into cash, they are sometimes referred to as liquid assets.
Current Etsy Current Asset | 359.05 M |
Most of Etsy's fundamental indicators, such as Current Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Etsy Inc is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Etsy Current Asset Historical Pattern
Today, most investors in Etsy Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Etsy's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's current asset growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Etsy current asset as a starting point in their analysis.
Etsy Current Asset |
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Current Asset is important to company's creditors and private equity firms as they will often be interested in how much that company has in current assets since these assets can be easily liquidated in case the company goes bankrupt. However, it is usually not enough to know if a company is in good shape just based on current asset alone; the amount of current liabilities should always be considered.
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Etsy Total Assets
Total Assets |
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In accordance with the recently published financial statements, Etsy Inc has a Current Asset of 359.05 M. This is 99.31% lower than that of the Internet & Direct Marketing Retail sector and significantly higher than that of the Consumer Discretionary industry. The current asset for all United States stocks is 96.15% higher than that of the company.
Etsy Current Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Etsy's direct or indirect competition against its Current Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Etsy could also be used in its relative valuation, which is a method of valuing Etsy by comparing valuation metrics of similar companies.Etsy is currently under evaluation in current asset category among related companies.
Etsy Current Valuation Drivers
We derive many important indicators used in calculating different scores of Etsy from analyzing Etsy's financial statements. These drivers represent accounts that assess Etsy's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Etsy's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 5.3B | 21.6B | 27.9B | 15.2B | 9.9B | 8.0B | |
| Enterprise Value | 5.7B | 21.4B | 29.5B | 16.7B | 11.4B | 8.4B |
Etsy Fundamentals
| Return On Equity | -12.24 | ||||
| Return On Asset | 0.0883 | ||||
| Profit Margin | 0.11 % | ||||
| Operating Margin | 0.17 % | ||||
| Current Valuation | 9.16 B | ||||
| Shares Outstanding | 118.49 M | ||||
| Shares Owned By Insiders | 0.91 % | ||||
| Shares Owned By Institutions | 99.09 % | ||||
| Number Of Shares Shorted | 15.28 M | ||||
| Price To Earning | 44.71 X | ||||
| Price To Book | 21.42 X | ||||
| Price To Sales | 2.89 X | ||||
| Revenue | 2.75 B | ||||
| Gross Profit | 1.82 B | ||||
| EBITDA | 475.25 M | ||||
| Net Income | 307.57 M | ||||
| Cash And Equivalents | 1.01 B | ||||
| Cash Per Share | 7.95 X | ||||
| Total Debt | 2.39 B | ||||
| Debt To Equity | 4.11 % | ||||
| Current Ratio | 2.93 X | ||||
| Book Value Per Share | (4.57) X | ||||
| Cash Flow From Operations | 705.51 M | ||||
| Short Ratio | 4.55 X | ||||
| Earnings Per Share | 2.24 X | ||||
| Price To Earnings To Growth | 1.11 X | ||||
| Target Price | 79.44 | ||||
| Number Of Employees | 2.42 K | ||||
| Beta | 2.03 | ||||
| Market Capitalization | 7.87 B | ||||
| Total Asset | 2.69 B | ||||
| Retained Earnings | (1.36 B) | ||||
| Working Capital | 859.66 M | ||||
| Current Asset | 359.05 M | ||||
| Current Liabilities | 80.12 M | ||||
| Net Asset | 2.69 B |
About Etsy Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Etsy Inc's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Etsy using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Etsy Inc based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Etsy
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Etsy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Etsy will appreciate offsetting losses from the drop in the long position's value.Moving against Etsy Stock
| 0.69 | WSM | Williams Sonoma Financial Report 28th of May 2024 | PairCorr |
| 0.64 | DKS | Dicks Sporting Goods Financial Report 28th of May 2024 | PairCorr |
| 0.6 | AN | AutoNation Earnings Call This Week | PairCorr |
| 0.51 | BBY | Best Buy Sell-off Trend | PairCorr |
| 0.51 | TLF | Tandy Leather Factory | PairCorr |
The ability to find closely correlated positions to Etsy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Etsy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Etsy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Etsy Inc to buy it.
The correlation of Etsy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Etsy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Etsy Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Etsy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Etsy Piotroski F Score and Etsy Altman Z Score analysis. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Complementary Tools for Etsy Stock analysis
When running Etsy's price analysis, check to measure Etsy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Etsy is operating at the current time. Most of Etsy's value examination focuses on studying past and present price action to predict the probability of Etsy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Etsy's price. Additionally, you may evaluate how the addition of Etsy to your portfolios can decrease your overall portfolio volatility.
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
| Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios | |
| Commodity Directory Find actively traded commodities issued by global exchanges | |
| Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity |
Is Etsy's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Etsy. If investors know Etsy will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Etsy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.18) | Earnings Share 2.24 | Revenue Per Share 22.435 | Quarterly Revenue Growth 0.043 | Return On Assets 0.0883 |
The market value of Etsy Inc is measured differently than its book value, which is the value of Etsy that is recorded on the company's balance sheet. Investors also form their own opinion of Etsy's value that differs from its market value or its book value, called intrinsic value, which is Etsy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Etsy's market value can be influenced by many factors that don't directly affect Etsy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Etsy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Etsy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Etsy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.