Etsy, Inc. (ETSY) vs JD.com, Inc. (JD)

Etsy, Inc. and JD.com, Inc. are both Internet Retail companies. JD.com, Inc. is the larger, with a market value of $32.9B against $8.2B — 4.0× the size. JD.com, Inc. trades at the lower P/E: 17.3× against 40.2×. JD.com, Inc. grew revenue faster over the last twelve months: 10.8% against 6.74%. Etsy, Inc. has the higher net margin (7.11% vs 1.16%) and the higher return on invested capital (47.1% vs 1.18%). Across the 20 metrics below, Etsy, Inc. leads on 13 and JD.com, Inc. on 7.

Valuation

Metric ETSY JD Internet Retail median
P/E 40.16 17.31 24.35
P/S 2.73 0.19 0.69
P/B n/m 0.89 1.66
Price to free cash flow 13.23 n/m 15.23
EV/EBITDA 19.14 34.91 19.14
EV/Sales 3.40 0.05 0.75
Earnings yield 2.49% 5.78% (0.17%)
Free cash flow yield 7.56% (2.10%) 0.00%

Profitability

Metric ETSY JD Internet Retail median
Gross margin 71.40% 16.58% 43.51%
Operating margin 14.31% 0.15% 0.08%
Net margin 7.11% 1.16% 0.56%
Free cash flow margin 20.86% 3.89% 0.00%
Return on equity (16.61%) 0.00% 0.00%
Return on assets 8.38% 2.17% 0.00%
Return on invested capital 47.13% 1.18% 0.00%

Growth

Metric ETSY JD Internet Retail median
Revenue growth (TTM) 6.74% 10.82% 10.80%
EPS growth (last fiscal year) (40.85%) (50.00%) 14.02%
Revenue growth, 5-year CAGR 10.81% 10.37% 10.81%
Net income growth, 5-year CAGR (14.14%) (18.00%) 0.00%

Health

Metric ETSY JD Internet Retail median
Debt to equity (2.20) 0.20 0.10
Current ratio 1.48 1.14 1.48
Net debt to EBITDA 3.96 (12.37) (0.25)

Dividend

Metric ETSY JD Internet Retail median
Dividend yield — 3.70% 1.79%
Payout ratio — 0.69 0.25

Size

Metric ETSY JD Internet Retail median
Market cap 8.19b 32.94b 413.81m

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