Etsy, Inc. (ETSY) vs Ozon Holdings PLC Sponsored ADR (OZON)

Etsy, Inc. and Ozon Holdings PLC Sponsored ADR are both Internet Retail companies. Etsy, Inc. is the larger, with a market value of $6.4B against $2.4B — 2.6× the size. Ozon Holdings PLC Sponsored ADR has negative trailing earnings, so its P/E is not meaningful; Etsy, Inc. trades at 32.3×. Ozon Holdings PLC Sponsored ADR grew revenue faster over the last twelve months: 57.7% against 6.74%. Etsy, Inc. has the higher net margin (7.11% vs −11.1%) and the higher return on invested capital (47.1% vs −50.7%). Across the 17 metrics below, Etsy, Inc. leads on 10 and Ozon Holdings PLC Sponsored ADR on 7.

Valuation

Metric ETSY OZON Internet Retail median
P/E 32.28 n/m 22.73
P/S 2.20 0.49 0.64
P/B n/m n/m 1.65
Price to free cash flow 10.64 51.87 14.11
EV/EBITDA 16.12 n/m 15.68
EV/Sales 2.86 0.65 0.76
Earnings yield 3.10% (34.05%) (0.11%)
Free cash flow yield 9.40% 1.93% 0.00%

Profitability

Metric ETSY OZON Internet Retail median
Gross margin 71.40% 36.25% 43.51%
Operating margin 14.31% (9.31%) 0.08%
Net margin 7.11% (11.09%) 0.56%
Free cash flow margin 20.86% 0.95% 0.00%
Return on equity (16.61%) 2,071.44% 0.00%
Return on assets 8.38% (16.41%) 0.00%
Return on invested capital 47.13% (50.72%) 0.00%

Growth

Metric ETSY OZON Internet Retail median
Revenue growth (TTM) 6.74% 57.69% 10.60%
EPS growth (last fiscal year) (40.85%) (10.13%) —
Revenue growth, 5-year CAGR 10.81% — 10.81%
Net income growth, 5-year CAGR (14.14%) — 0.00%

Health

Metric ETSY OZON Internet Retail median
Debt to equity (2.20) (8.33) 0.13
Current ratio 1.48 0.85 1.49
Net debt to EBITDA 3.96 (2.64) (0.25)

Dividend

Metric ETSY OZON Internet Retail median
Dividend yield — — —
Payout ratio 0.00 0.00 0.00

Size

Metric ETSY OZON Internet Retail median
Market cap 6.35b 2.42b 443.85m

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