Etsy Piotroski F Score

ETSY -  USA Stock  

USD 163.14  14.29  9.60%

This module uses fundamental data of Etsy to approximate its Piotroski F score. Etsy F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Etsy Inc. These three categories are profitability, efficiency, and funding. Some research analysts and sophisticated value traders use Piotroski F Score to find opportunities outside of the conventional market and financial statement analysis.They believe that some of the new information about Etsy financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Continue to Etsy Altman Z Score, Etsy Correlation, Etsy Valuation, as well as analyze Etsy Alpha and Beta and Etsy Hype Analysis.

Etsy Piotroski F Score 

 
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Etsy Total Debt is fairly stable at the moment as compared to the past year. Etsy reported Total Debt of 1.28 Billion in 2021. Debt Non Current is likely to rise to about 1.4 B in 2022, whereas Debt Current is likely to drop slightly above 8.2 M in 2022. Etsy Revenue to Assets are fairly stable at the moment as compared to the past year. Etsy reported Revenue to Assets of 0.83 in 2021. Total Assets Per Share is likely to rise to 18.56 in 2022, whereas Accounts Payable Turnover is likely to drop 38.08 in 2022.
At this time, it appears that Etsy's Piotroski F Score is Healthy. Although some professional money managers and academia have recently criticized Piotroski F-Score model, we still consider it an effective method of predicting the state of the financial strength of any organization that is not predisposed to accounting gimmicks and manipulations. Using this score on the criteria to originate an efficient long-term portfolio can help investors filter out the purely speculative stocks or equities playing fundamental games by manipulating their earnings..
6.0
Piotroski F Score - Healthy
1
Current Return On Assets
Positive
2
Change in Return on Assets
Increased
3
Cash Flow Return on Assets
Positive
4
Current Quality of Earnings (accrual)
Improving
5
Asset Turnover Growth
Decrease
6
Current Ratio Change
Increase
7
Long Term Debt Over Assets Change
Higher Leverage
8
Change In Outstending Shares
Decrease
9
Change in Gross Margin
No Change

Etsy Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Etsy is to make sure Etsy is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Etsy's auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back. Below are the main accounts that are used in the Piotroski F Score model. By analyzing the historical trends of the mains drivers, investors can determine if Etsy's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares124 M139.4 M
Fairly Down
Increasing
Slightly volatile
Weighted Average Shares Diluted135.3 M156.9 M
Fairly Down
Increasing
Slightly volatile
Net Cash Flow from Operations842.4 M780.8 M
Significantly Up
Increasing
Slightly volatile
Total AssetsB2.8 B
Significantly Up
Increasing
Slightly volatile
Total Liabilities2.1 B1.9 B
Significantly Up
Increasing
Slightly volatile
Current Assets2.4 B2.2 B
Significantly Up
Increasing
Slightly volatile
Current Liabilities564.1 M522.9 M
Significantly Up
Increasing
Slightly volatile
Total Debt1.4 B1.3 B
Significantly Up
Increasing
Slightly volatile
Return on Average Assets0.220.2
Significantly Up
Increasing
Slightly volatile
Gross Margin0.830.84
Fairly Down
Increasing
Slightly volatile
Asset Turnover0.730.79
Significantly Down
Decreasing
Slightly volatile

Etsy Inc F Score Driver Matrix

One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to project the various growth rates. Understanding the correlation between Etsy's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Etsy in a much-optimized way.

About Etsy Piotroski F Score

F-Score is one of many stock grading techniques developed by Joseph Piotroski, a professor of accounting at the Stanford University Graduate School of Business. It was published in 2002 under the paper titled Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers. Piotroski F Score is based on binary analysis strategy in which stocks are given one point for passing 9 very simple fundamental tests, and zero point otherwise. According to Mr. Piotroski's analysis, his F-Score binary model can help to predict the performance of low price-to-book stocks.

Book Value per Share

7.59Share
Etsy Book Value per Share is fairly stable at the moment as compared to the past year. Etsy reported Book Value per Share of 7.04 in 2021

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.
201720182019202020212022 (projected)
Net Income Per Employee109.95 K88.66 K77.33 K246.32 K221.69 K239.19 K
Revenue Per Employee593.05 K690.72 K659.98 K1.22 M1.1 M1.18 M
Average Assets566.18 M893.93 M1.53 B1.97 B2.27 B2.45 B
Earnings Before Interest Taxes and Depreciation Amortization EBITDA70.59 M104 M153 M465.92 M535.81 M578.11 M
Earnings Before Interest Taxes and Depreciation Amortization USD70.59 M104 M153 M465.92 M535.81 M578.11 M
Earnings before Tax32.27 M55.08 M80.65 M365.71 M420.57 M453.77 M
Average Equity337.11 M396.8 M402.29 M585.03 M672.78 M548.72 M
Enterprise Value2.3 B5.7 B5.41 B22.39 B25.75 B27.78 B
Free Cash Flow55.95 M178.37 M191.64 M671.85 M772.62 M833.62 M
Invested Capital209.64 M687.85 M1.41 B1.49 B1.71 B1.85 B
Invested Capital Average249.1 M644.69 M1.35 B1.44 B1.65 B1.78 B
Market Capitalization2.49 B5.73 B5.25 B22.43 B25.8 B27.83 B
Tangible Asset Value562.94 M829.78 M1.2 B2.08 B2.39 B2.58 B
Working Capital336.79 M568.23 M732.51 M1.44 B1.66 B1.79 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.
Etsy, Inc. operates two-sided online marketplaces that connect buyers and sellers primarily in the United States, the United Kingdom, Germany, Canada, Australia, France, and India. Etsy, Inc. was founded in 2005 and is headquartered in Brooklyn, New York. Etsy operates under Internet Retail classification in the United States and is traded on NASDAQ Exchange. It employs 2338 people.

Etsy Investors Sentiment

The influence of Etsy's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Etsy. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.

Etsy Implied Volatility

    
  74.63  
Etsy's implied volatility exposes the market's sentiment of Etsy Inc stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Etsy's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Etsy stock will not fluctuate a lot when Etsy's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Etsy in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Etsy's short interest history, or implied volatility extrapolated from Etsy options trading.

Current Sentiment - ETSY

Etsy Inc Investor Sentiment

Most of Macroaxis users are currently bullish on Etsy Inc. What is your opinion about investing in Etsy Inc? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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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.

Etsy Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Etsy and Carvana Co Cl. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
Run Pair Correlation  
Continue to Etsy Altman Z Score, Etsy Correlation, Etsy Valuation, as well as analyze Etsy Alpha and Beta and Etsy Hype Analysis. Note that the Etsy Inc information on this page should be used as a complementary analysis to other Etsy's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.

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When running Etsy Inc 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 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.
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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.
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 Etsy value 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.