Etsy Z Score

ETSY -  USA Stock  

USD 148.85  10.44  6.55%

Altman Z Score is one of the simplest fundamental models to determine how likely your company is to fail. The module uses available fundamental data of a given equity to approximate the Altman Z score. Altman Z Score is determined by evaluating five fundamental price points available from the company's current public disclosure documents. Continue to Etsy Piotroski F Score and Etsy Valuation analysis.

Etsy Z Score 

 
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Etsy Return on Invested Capital is fairly stable at the moment as compared to the past year. Etsy reported Return on Invested Capital of 0.33 in 2021. Invested Capital is likely to rise to about 1.8 B in 2022, whereas Capital Expenditure is likely to drop (8.8 M) in 2022. Etsy Revenues is fairly stable at the moment as compared to the past year. Etsy reported Revenues of 1.98 Billion in 2021. Research and Development Expense is likely to rise to about 223.4 M in 2022, whereas Weighted Average Shares is likely to drop slightly above 124 M in 2022.

Etsy Z Score Analysis

Etsy's Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
 2019 2020 2021 2022 (projected)
Accounts Payable26.32 M40.88 M36.79 M39.7 M
Receivables15.39 M22.61 M20.34 M18.98 M
Z Score 
 = 
Sum Of  
 
5 Factors 
More About Z Score | All Equity Analysis

Current Etsy Z Score

    
  8.8  
Most of Etsy's fundamental indicators, such as Z Score, 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.
First Factor
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1.2 * (
Working Capital
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Total Assets )
Second Factor
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1.4 * (
Retained Earnings
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Total Assets )
Thrid Factor
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3.3 * (
EBITAD
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Total Assets )
Fouth Factor
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0.6 * (
Market Value of Equity
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Total Liabilities )
Fifth Factor
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0.99 * (
Revenue
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Total Assets )

Etsy Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for Etsy is extremely important. It helps to project a fair market value of Ford stock properly, considering its historical fundamentals such as Z Score. Since Etsy's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Etsy's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Etsy's interrelated accounts and indicators.
To calculate Z-Score one would need to know current working capital of the company, its total assets, and liabilities, amount of latest retained earnings as well as earnings before interest and tax. Z-Score can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area' with scores of less than 1, indicating the high probability of distress. Z Score is used widely by financial auditors, accountants, money managers, loan processers, wealth advisers, as well as day traders. In the last 25 years, many financial models that utilize z score has been proved to be successful as a predictor of corporate bankruptcy.
Compare to competition

According to the company's disclosures, Etsy Inc has a Z Score of 8.8. This is 172.45% higher than that of the Consumer Cyclical sector and significantly higher than that of the Internet Retail industry. This indicator is about the same for all United States stocks average (which is currently at 8.72).

Etsy Z Score 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 Z Score 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 z score 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.
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

Etsy Institutional Holders

Institutional Holdings refers to the ownership stake in Etsy that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Etsy's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Etsy's value.
Security TypeSharesValue
Lgt Capital Partners LtdCommon Shares291 K63.7 M
Scout Investments IncCommon Shares233.3 K51.1 M
Stratos Wealth Partners LtdCommon Shares142.5 K31.2 M
State Of Alaska Department Of RevenueCommon Shares58.8 K12.9 M
Sarabay FinancialCommon Shares57.7 K12.6 M
Dock Street Asset Management IncCommon Shares33.6 K7.4 M
Dnb Asset Management AsCommon Shares20.2 K4.4 M
First Hawaiian BankDebt436 K585 K

Etsy Fundamentals

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 Piotroski F Score and Etsy Valuation 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 Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.

Complementary Tools for Etsy Stock analysis

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.