Etsy Z Score
ETSY   USA Stock  USD 148.85 10.44 6.55% 
Etsy Z Score  Etsy Z Score 
Etsy Z Score Analysis
Etsy's ZScore is a simple linear, multifactor 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 Payable  26.32 M  40.88 M  36.79 M  39.7 M 
Receivables  15.39 M  22.61 M  20.34 M  18.98 M 
Z Score  =  Sum Of   5 Factors 
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.
 
 
 
 

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.
Click cells to compare fundamentals
To calculate ZScore 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. ZScore 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 ZScores 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 socalled '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.
2017  2018  2019  2020  2021  2022 (projected)  
Net Income Per Employee  109.95 K  88.66 K  77.33 K  246.32 K  221.69 K  239.19 K  
Revenue Per Employee  593.05 K  690.72 K  659.98 K  1.22 M  1.1 M  1.18 M  
Average Assets  566.18 M  893.93 M  1.53 B  1.97 B  2.27 B  2.45 B  
Earnings Before Interest Taxes and Depreciation Amortization EBITDA  70.59 M  104 M  153 M  465.92 M  535.81 M  578.11 M  
Earnings Before Interest Taxes and Depreciation Amortization USD  70.59 M  104 M  153 M  465.92 M  535.81 M  578.11 M  
Earnings before Tax  32.27 M  55.08 M  80.65 M  365.71 M  420.57 M  453.77 M  
Average Equity  337.11 M  396.8 M  402.29 M  585.03 M  672.78 M  548.72 M  
Enterprise Value  2.3 B  5.7 B  5.41 B  22.39 B  25.75 B  27.78 B  
Free Cash Flow  55.95 M  178.37 M  191.64 M  671.85 M  772.62 M  833.62 M  
Invested Capital  209.64 M  687.85 M  1.41 B  1.49 B  1.71 B  1.85 B  
Invested Capital Average  249.1 M  644.69 M  1.35 B  1.44 B  1.65 B  1.78 B  
Market Capitalization  2.49 B  5.73 B  5.25 B  22.43 B  25.8 B  27.83 B  
Tangible Asset Value  562.94 M  829.78 M  1.2 B  2.08 B  2.39 B  2.58 B  
Working Capital  336.79 M  568.23 M  732.51 M  1.44 B  1.66 B  1.79 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 highprofile magazines, and presentations at investor conferences help move the stock higher, increasing Etsy's value.Security Type  Shares  Value  
Lgt Capital Partners Ltd  Common Shares  291 K  63.7 M  
Scout Investments Inc  Common Shares  233.3 K  51.1 M  
Stratos Wealth Partners Ltd  Common Shares  142.5 K  31.2 M  
State Of Alaska Department Of Revenue  Common Shares  58.8 K  12.9 M  
Sarabay Financial  Common Shares  57.7 K  12.6 M  
Dock Street Asset Management Inc  Common Shares  33.6 K  7.4 M  
Dnb Asset Management As  Common Shares  20.2 K  4.4 M  
First Hawaiian Bank  Debt  436 K  585 K 
Etsy Fundamentals
Return On Equity  80.06 %  
Return On Asset  11.37 %  
Profit Margin  21.55 %  
Operating Margin  24.47 %  
Current Valuation  22.23 B  
Shares Outstanding  126.78 M  
Shares Owned by Insiders  0.70 %  
Shares Owned by Institutions  91.31 %  
Number of Shares Shorted  9.07 M  
Price to Earning  44.21 X  
Price to Book  35.29 X  
Price to Sales  8.47 X  
Revenue  2.23 B  
Gross Profit  1.26 B  
EBITDA  545.57 M  
Net Income  480.49 M  
Cash and Equivalents  816.83 M  
Cash per Share  6.44 X  
Total Debt  2.32 B  
Debt to Equity  4.35 %  
Current Ratio  2.29 X  
Book Value Per Share  4.22 X  
Cash Flow from Operations  604.76 M  
Short Ratio  4.22 X  
Earnings Per Share  3.37 X  
Price to Earnings To Growth  1.64 X  
Number of Employees  2.34 K  
Beta  1.55  
Market Capitalization  18.87 B  
Total Asset  553.06 M  
Retained Earnings  (233.4 M)  
Working Capital  278.93 M  
Current Asset  359.05 M  
Current Liabilities  80.12 M  
Z Score  8.8 
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 twosided 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 decisionmaking process regarding taking a position in Etsy. The overall investor sentiment generally increases the direction of a stock movement in a oneyear 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.
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 riskadjusted 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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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.