1/5 Thread $ETSY valuation
I've received a couple of DMs on how I'm thinking about $ETSY valuation after the recent strong rally.
Since my guess is as good as yours, I'm sharing my model publicly. You can play with the assumptions as you see fit and come to your own conclusion
I've received a couple of DMs on how I'm thinking about $ETSY valuation after the recent strong rally.
Since my guess is as good as yours, I'm sharing my model publicly. You can play with the assumptions as you see fit and come to your own conclusion
2/5 I would like to mention some caveats before sharing my model.
This model was shared with the subscribers of "MBI Deep Dives" when I wrote the deep dive on $ETSY.
To keep it consistent with the writeup, I'm uploading the same model but some things have changed since then.
This model was shared with the subscribers of "MBI Deep Dives" when I wrote the deep dive on $ETSY.
To keep it consistent with the writeup, I'm uploading the same model but some things have changed since then.
3/5 For example, my GMS estimates* was $8.6B in 2020, but as per the Q4 GMS mid-point management guidance, it's likely to be $9.6B
So you'll have to make these adjustments in the model based on recent numbers/guidance
*I try to build reverse DCF, so not necessarily my views
So you'll have to make these adjustments in the model based on recent numbers/guidance
*I try to build reverse DCF, so not necessarily my views
4/5 You will find the downloadable link of model in the very beginning of the deep dive here.
mbi-deepdives.com/etsy-a-handmad…
mbi-deepdives.com/etsy-a-handmad…
• • •
Missing some Tweet in this thread? You can try to
force a refresh
