Enterprise Value to EBITDA (EV/EBITDA)
Earnings before Interest, Tax, Depreciation and Amortization (EBITDA)
Etsy Inc., EBITDA calculation
US$ in thousands
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
| Item | Description | The company |
|---|---|---|
| EBITDA | To calculate EBITDA analysts start with net earnings. To that earnings number, interest, taxes, depreciation, and amortization are added. EBITDA as a pre-interest number is a flow to all providers of capital. | Etsy Inc. EBITDA increased from 2019 to 2020 and from 2020 to 2021. |
Enterprise Value to EBITDA Ratio, Current
Etsy Inc., current EV/EBITDA calculation, comparison to benchmarks
| Selected Financial Data (US$ in thousands) | |
| Enterprise value (EV) | 13,976,109) |
| Earnings before interest, tax, depreciation and amortization (EBITDA) | 555,806) |
| Valuation Ratio | |
| EV/EBITDA | 25.15 |
| Benchmarks | |
| EV/EBITDA, Competitors1 | |
| Amazon.com Inc. | 28.39 |
| Home Depot Inc. | 17.88 |
| Lowe’s Cos. Inc. | 13.25 |
| TJX Cos. Inc. | 19.68 |
| EV/EBITDA, Sector | |
| Consumer Discretionary Distribution & Retail | 30.58 |
| EV/EBITDA, Industry | |
| Consumer Discretionary | 27.99 |
Based on: 10-K (reporting date: 2021-12-31).
1 Click competitor name to see calculations.
If the company EV/EBITDA is lower then the EV/EBITDA of benchmark then company is relatively undervalued.
Otherwise, if the company EV/EBITDA is higher then the EV/EBITDA of benchmark then company is relatively overvalued.
Enterprise Value to EBITDA Ratio, Historical
Etsy Inc., historical EV/EBITDA calculation, comparison to benchmarks
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Enterprise value (EV)1 | 20,323,794) | 27,211,471) | 6,861,370) | 8,239,666) | 2,805,862) | |
| Earnings before interest, tax, depreciation and amortization (EBITDA)2 | 555,806) | 465,923) | 152,997) | 103,998) | 70,592) | |
| Valuation Ratio | ||||||
| EV/EBITDA3 | 36.57 | 58.40 | 44.85 | 79.23 | 39.75 | |
| Benchmarks | ||||||
| EV/EBITDA, Competitors4 | ||||||
| Amazon.com Inc. | 21.27 | 32.24 | 26.57 | — | — | |
| Home Depot Inc. | 16.53 | 12.34 | 13.36 | — | — | |
| Lowe’s Cos. Inc. | 14.41 | 8.98 | 18.22 | — | — | |
| TJX Cos. Inc. | 65.35 | 10.33 | 12.61 | — | — | |
| EV/EBITDA, Sector | ||||||
| Consumer Discretionary Distribution & Retail | 20.16 | 24.23 | — | — | — | |
| EV/EBITDA, Industry | ||||||
| Consumer Discretionary | 21.32 | 29.33 | — | — | — | |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
3 2021 Calculation
EV/EBITDA = EV ÷ EBITDA
= 20,323,794 ÷ 555,806 = 36.57
4 Click competitor name to see calculations.
| Valuation ratio | Description | The company |
|---|---|---|
| EV/EBITDA | Enterprise value to earnings before interest, tax, depreciation and amortization is a valuation indicator for the overall company rather than common stock. | Etsy Inc. EV/EBITDA ratio increased from 2019 to 2020 but then decreased significantly from 2020 to 2021. |