Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Index Rebalance

Apollo Global Management  / Index Rebalance

<ul>
<li>The S&amp;P 500 index tracks the 500 largest names listed in the US and it is one of the most highly-tracked indices in the world.</li>
<li>In this insight, we take a look at the upcoming constituent changes in the run up to the September 2024 index rebal event.</li>
<li>We expect two regular changes during September. More interestingly, a couple of SP500 members are working on spin-offs which could trigger some high-impact deletions over the next few months.</li>
</ul>


The S&amp;P 500 index tracks the 500 largest names listed in the US and it is one of the most highly-tracked indices in the world.
In this insight, we take a look at the upcoming constituent changes in the run up to the September 2024 index rebal event.
We expect two regular changes during September. More interestingly, a couple of SP500 members are working on spin-offs which could trigger some high-impact deletions over the next few months.


Sep24 S&P500 Index Rebal - Two Changes Expected; $6bn One-Way Flow and Two Spinoffs?

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.

Equity Bottom-Up

<ul><li>Etsy Inc.'s Q1 2024 earnings had a cautious tone, reflecting a less-than-expected performance due to external factors such as inflation and increasing costs of essentials, which have contributed to depressed consumer sentiment and squeezed consumer wallets.</li><li>Consolidated Gross Merchandise Sales (GMS) for the period were reported at $3 billion, down 3.7% from last year.</li><li>Revenue grew slightly by 0.8% to $646 million, and the company delivered $168 million in adjusted EBITDA, a recommended EBITDA margin of approximately 26%.</li></ul>

Etsy Inc.'s Q1 2024 earnings had a cautious tone, reflecting a less-than-expected performance due to external factors such as inflation and increasing costs of essentials, which have contributed to depressed consumer sentiment and squeezed consumer wallets.Consolidated Gross Merchandise Sales (GMS) for the period were reported at $3 billion, down 3.7% from last year.Revenue grew slightly by 0.8% to $646 million, and the company delivered $168 million in adjusted EBITDA, a recommended EBITDA margin of approximately 26%.

Etsy Inc.: Improving Search Algorithms for Enhanced Customer Experience But Will They Indirectly Boost Revenues? - Major Drivers

<ul><li>Etsy Inc., a renowned online marketplace for handcrafted goods, released its fourth-quarter results which were fairly decent.</li><li>For 2023, Etsy reported revenue at a record $2.7 billion, up around 7% from the previous year.</li><li>There is confidence in the firm's robust financial model, given its solid revenue growth, significant levels of profit, and strong cash flow, which bodes well for long-term sustainable growth.</li></ul>

Etsy Inc., a renowned online marketplace for handcrafted goods, released its fourth-quarter results which were fairly decent.For 2023, Etsy reported revenue at a record $2.7 billion, up around 7% from the previous year.There is confidence in the firm's robust financial model, given its solid revenue growth, significant levels of profit, and strong cash flow, which bodes well for long-term sustainable growth.

Etsy Inc.: Investment in Marketing & Potential Payback & 5 Major Drivers - Financial Forecasts

External reports (aggregated public sources), Value Investors Club

Value Investors Club (VIC)

External reports (aggregated public sources)

Value Investors Club

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.

<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

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.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Etsy Inc (ETSY US)

Sep24 S&P500 Index Rebal - Two Changes Expected; $6bn One-Way Flow and Two Spinoffs?

The S&P500 index rebal is coming in about 7 weeks. There are about 5 weeks of data left to tally. We expect there are two changes, but there are...

Travis Lundy

Etsy Inc.: Improving Search Algorithms for Enhanced Customer Experience But Will They Indirectly Boost Revenues? - Major Drivers

Etsy Inc.'s Q1 2024 earnings had a cautious tone, reflecting a less-than-expected performance due to external factors such as inflation and...

Baptista Research

Etsy Inc.: Investment in Marketing & Potential Payback & 5 Major Drivers - Financial Forecasts

Etsy Inc., a renowned online marketplace for handcrafted goods, released its fourth-quarter results which were fairly decent. For 2023, Etsy...

Baptista Research

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

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)