Etsy Z Score
ETSY   USA Stock  USD 221.09 5.19 2.40% 
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..2018  2019  2020  2021 (projected)  
Accounts Payable  26.55 M  26.32 M  40.88 M  44.11 M 
Receivables  12.24 M  15.39 M  22.61 M  20.17 M 
Z Score  =  Sum Of   5 Factors 
Current Etsy Z Score  10.2 
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 10.2. This is 215.79% higher than that of the Consumer Cyclical sector and significantly higher than that of the Internet Retail industry. The z score for all United States stocks is 16.97% lower than that of the firm.
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.
2016  2017  2018  2019  2020  2021 (projected)  
Net Income Per Employee  (28.59 K)  109.95 K  88.66 K  77.33 K  246.32 K  265.76 K  
Revenue Per Employee  348.96 K  593.05 K  690.72 K  659.98 K  1.22 M  1.31 M  
Average Assets  562.63 M  566.18 M  893.93 M  1.53 B  1.97 B  2.13 B  
Earnings Before Interest Taxes and Depreciation Amortization EBITDA  26.85 M  70.59 M  104 M  153 M  465.92 M  502.71 M  
Earnings Before Interest Taxes and Depreciation Amortization USD  26.85 M  70.59 M  104 M  153 M  465.92 M  502.71 M  
Earnings before Tax  (2.88 M)  32.27 M  55.08 M  80.65 M  365.71 M  394.58 M  
Average Equity  337.94 M  337.11 M  396.8 M  402.29 M  585.03 M  502.54 M  
Enterprise Value  1.24 B  2.3 B  5.7 B  5.41 B  22.39 B  24.16 B  
Free Cash Flow  214 K  55.95 M  178.37 M  191.64 M  671.85 M  724.89 M  
Invested Capital  336.57 M  209.64 M  687.85 M  1.41 B  1.49 B  1.61 B  
Invested Capital Average  334.06 M  249.1 M  644.69 M  1.35 B  1.44 B  1.55 B  
Market Capitalization  1.36 B  2.49 B  5.73 B  5.25 B  22.43 B  24.2 B  
Tangible Asset Value  538.03 M  562.94 M  829.78 M  1.2 B  2.08 B  2.24 B  
Working Capital  287.02 M  336.79 M  568.23 M  732.51 M  1.44 B  1.55 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  
Davenport Co Llc 1  Common Shares  393.4 K  81.8 M  
Lgt Capital Partners Ltd  Common Shares  286.8 K  59.6 M  
Envestnet Asset Management Inc  Common Shares  258.4 K  53.7 M  
Scout Investments Inc  Common Shares  147.3 K  30.6 M  
State Of Alaska Department Of Revenue  Common Shares  67.3 K  14 M  
Sarabay Financial  Common Shares  56.7 K  11.8 M  
Tiaa Fsb  Common Shares  47.8 K  9.9 M 
Etsy Fundamentals
Return On Equity  91.44 %  
Return On Asset  13.10 %  
Profit Margin  22.45 %  
Operating Margin  25.69 %  
Current Valuation  27.73 B  
Shares Outstanding  127.1 M  
Shares Owned by Insiders  0.61 %  
Shares Owned by Institutions  91.45 %  
Number of Shares Shorted  9.65 M  
Price to Earning  62.79 X  
Price to Book  41.00 X  
Price to Sales  13.08 X  
Revenue  2.15 B  
Gross Profit  1.26 B  
EBITDA  551.91 M  
Net Income  482.32 M  
Cash and Equivalents  2.48 B  
Cash per Share  19.63 X  
Total Debt  2.32 B  
Debt to Equity  4.38 %  
Current Ratio  6.61 X  
Book Value Per Share  5.39 X  
Cash Flow from Operations  699.02 M  
Short Ratio  3.22 X  
Earnings Per Share  3.52 X  
Price to Earnings To Growth  1.34 X  
Number of Employees  1.6 K  
Beta  1.61  
Market Capitalization  28.1 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  10.2 
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 1598 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.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 Imedia Brands. 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 Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and riskadjusted market performance.
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 Inc underlying business (such as 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.