External reports (aggregated public sources), Value Investors Club

Value Investors Club (VIC)

External reports (aggregated public sources)

Value Investors Club

Equity Bottom-Up

Key points<ul><li>ETSY's end markets are expected to grow at a high single digit rate, allowing for 10% compound annual growth rate in Gross Merchandise Sales (GMS)</li><li>ETSY's international market, comprising 45% of revenue, is growing faster than its US market</li><li>ETSY has room to increase its take rate slightly, with its current rate of 19.8% in line with industry standards, positioning the company for continued growth in e-commerce.</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Key pointsETSY's end markets are expected to grow at a high single digit rate, allowing for 10% compound annual growth rate in Gross Merchandise Sales (GMS)ETSY's international market, comprising 45% of revenue, is growing faster than its US marketETSY has room to increase its take rate slightly, with its current rate of 19.8% in line with industry standards, positioning the company for continued growth in e-commerce.This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

<ul><li>Etsy Inc managed to surpass Wall Street's revenue and earnings expectations, marked by moderate top-line growth and sustained robust profitability.</li><li>The management's dedication to enhancing buyer confidence was evident in the strides made to improve reliability and convenience metrics, such as estimated delivery dates, package tracking, on-time delivery, and transparent return policies.</li><li>These additional layers of analysis serve to provide a comprehensive and robust valuation, giving investors a nuanced understanding of the inherent risks and opportunities.</li></ul>

Etsy Inc managed to surpass Wall Street's revenue and earnings expectations, marked by moderate top-line growth and sustained robust profitability.The management's dedication to enhancing buyer confidence was evident in the strides made to improve reliability and convenience metrics, such as estimated delivery dates, package tracking, on-time delivery, and transparent return policies.These additional layers of analysis serve to provide a comprehensive and robust valuation, giving investors a nuanced understanding of the inherent risks and opportunities.

Etsy Inc: Reinventing E-Commerce with AI-Powered Curation! - Major Drivers

<ul><li>Etsy delivered an all-around beat in the previous quarter, with adjusted EBITDA margin and revenue increasing significantly.</li><li>Their year-over-year growth rate was negative, but it increased sequentially.</li><li>Etsy also observed healthy year-over-year growth in the number of new and reactivated buyers when bringing both groups together.</li></ul>

Etsy delivered an all-around beat in the previous quarter, with adjusted EBITDA margin and revenue increasing significantly.Their year-over-year growth rate was negative, but it increased sequentially.Etsy also observed healthy year-over-year growth in the number of new and reactivated buyers when bringing both groups together.

Etsy Inc.: What Are The Factors Responsible Behind Their Surge in New and Reactivated Buyers? - Financial Forecasts

Equity Capital Markets

<ul><li>Etsy reported another strong performance and kickstarted the year with an all-around beat.</li><li>With a roughly 11% increase in revenue to $641 million, the company's adjusted EBITDA margin was once again very high at 26.6%.</li><li>Etsy also witnessed strong trends in apparel, particularly in personalized and pop culture-related tops, tees, hoodies, sweatshirts, bags, purses, and gift goods.</li></ul>

Etsy reported another strong performance and kickstarted the year with an all-around beat.With a roughly 11% increase in revenue to $641 million, the company's adjusted EBITDA margin was once again very high at 26.6%.Etsy also witnessed strong trends in apparel, particularly in personalized and pop culture-related tops, tees, hoodies, sweatshirts, bags, purses, and gift goods.

Etsy Inc.: Can It Really Outperform The Major Indices? – Key Drivers

<ul><li>Etsy Inc delivered a mixed set of results during the quarter and managed to surpass the revenue expectations of analysts but its profitability was below par.</li><li>The company’s management claims that its overall reach and consumer demand have increased and the services offered by the company are differentiated.</li><li>The company's marketing programs, including the Star Seller program, continued to benefit the company.</li></ul>

Etsy Inc delivered a mixed set of results during the quarter and managed to surpass the revenue expectations of analysts but its profitability was below par.The company’s management claims that its overall reach and consumer demand have increased and the services offered by the company are differentiated.The company's marketing programs, including the Star Seller program, continued to benefit the company.

United States

Etsy, Inc. provides e-commerce services. The Company offers handmade and vintage items, art, and supplies, as well as regular items such as clothing, housewares, paper goods, candles, bags and purses, music, and wood working items. Etsy serves users throughout the United States.

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Etsy Inc (ETSY US)

Etsy Inc (ETSY) - Tuesday, Nov 21, 2023

ETSY's end markets are expected to grow at a high single digit rate, allowing for 10% compound annual growth rate in Gross Merchandise Sales (GMS)

Value Investors Club (VIC)

Etsy Inc: Reinventing E-Commerce with AI-Powered Curation! - Major Drivers

Etsy Inc managed to surpass Wall Street's revenue and earnings expectations, marked by moderate top-line growth and sustained robust...

Baptista Research

Etsy Inc.: What Are The Factors Responsible Behind Their Surge in New and Reactivated Buyers? - Financial Forecasts

Etsy delivered an all-around beat in the previous quarter, with adjusted EBITDA margin and revenue increasing significantly. Their year-over-year...

Baptista Research

Etsy Inc.: Can It Really Outperform The Major Indices? – Key Drivers

Etsy reported another strong performance and kickstarted the year with an all-around beat. With a roughly 11% increase in revenue to $641 million,...

Baptista Research

Etsy Inc.: Major Drivers

Etsy Inc delivered a mixed set of results during the quarter and managed to surpass the revenue expectations of analysts but its profitability was...

Baptista Research

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