ETSY

Etsy Inc

Consumer


Presented:09/15/2020
Price:$111.01
Cap:$13.25B
Current Price:$51.31
Cap:$5.89B

Presented

Date09/15/2020
Price$111.01
Market Cap$13.25B
Ent Value$14.10B
P/E Ratio91.03x
Book Value$4.40
Div Yield0%
Shares O/S119.33M
Ave Daily Vol3,719,453
Short Int5.17%

Current

Price$51.31
Market Cap$5.89B
Etsy, Inc. engages in the management of an online marketplace. Its technology platform allows sellers to manage and scale their business. The firm offers handmade products such as shoes, clothing, bags, and accessories. It operates through the United States and International geographical segments. The company was founded by Haim Schoppik, Robert Kalin, Jared Tarbell, and Christopher Maguires in June 2005 and is headquartered in Brooklyn, NY.

Publicly traded companies mentioned herein: Amazon.com Inc (AMZN), eBay Inc (EBAY), Etsy Inc (ETSY)

Highlights

The presenter is long shares of Etsy Inc (ETSY), which operates an online marketplace for handmade items and craft supplies. The stock has performed well, up ~150% YTD even after the recent sell-off. Overall, he views ETSY as a solid company given its strong management team, FCF growth, and net cash balance sheet. More specifically, the presenter sees material upside to the current ~$111 share price based on growth sustainability and margin expansion that he feels the Street is underestimating. 

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Idea Discussion

Commentor 1 - 2 weeks ago

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