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Etsy (NASDAQ:ETSY) Investors Are Sitting on a Loss of 72% If They Invested Three Years Ago

Etsy (NASDAQ:ETSY) Investors Are Sitting on a Loss of 72% If They Invested Three Years Ago

Etsy(納斯達克:ETSY)投資者如果三年前投資,現在損失了72%
Simply Wall St ·  10/01 09:32

As every investor would know, not every swing hits the sweet spot. But really bad investments should be rare. So spare a thought for the long term shareholders of Etsy, Inc. (NASDAQ:ETSY); the share price is down a whopping 72% in the last three years. That might cause some serious doubts about the merits of the initial decision to buy the stock, to put it mildly.

正如每個投資者所知道的那樣,並非每次波動都能達到最佳效果。但真正糟糕的投資應該是罕見的。因此,請爲Etsy,Inc.(納斯達克:ETSY)的長期股東獻上一份心思;股價在過去三年中大幅下跌了72%。這可能會讓人對最初購買該股票的決定的價值產生嚴重懷疑,姑且這樣說。

With that in mind, it's worth seeing if the company's underlying fundamentals have been the driver of long term performance, or if there are some discrepancies.

鑑於此,值得看看該公司的基本面是否一直是長期業績的驅動因素,或者是否存在一些不一致之處。

While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time.

儘管市場是一個強大的定價機制,股價不僅反映了基本業務表現,還反映了投資者的情緒。通過比較每股收益(EPS)和股價變化,並隨時間推移這樣做,我們可以了解股東對公司的態度如何隨時間變化。

During five years of share price growth, Etsy moved from a loss to profitability. That would generally be considered a positive, so we are surprised to see the share price is down. So given the share price is down it's worth checking some other metrics too.

在五年的股價增長期間,Etsy從虧損轉爲盈利。一般來說,這通常被認爲是一個積極的轉變,因此我們對股價下跌感到驚訝。因此,考慮到股價下跌,值得檢查一些其他指標。

Revenue is actually up 8.5% over the three years, so the share price drop doesn't seem to hinge on revenue, either. This analysis is just perfunctory, but it might be worth researching Etsy more closely, as sometimes stocks fall unfairly. This could present an opportunity.

實際上,營業收入在過去三年中上升了8.5%,因此股價下跌似乎並不取決於營業收入。這種分析只是形式上的,但值得更仔細地研究Etsy,因爲有時股票會不公平地下跌。這可能會帶來機會。

The image below shows how earnings and revenue have tracked over time (if you click on the image you can see greater detail).

下圖顯示了收益和營收隨時間變化的情況(如果你點擊圖像,可以看到更多細節):

big
NasdaqGS:ETSY Earnings and Revenue Growth October 1st 2024
納斯達克GS:ETSY盈利和營業收入增長2024年10月1日

Etsy is a well known stock, with plenty of analyst coverage, suggesting some visibility into future growth. So it makes a lot of sense to check out what analysts think Etsy will earn in the future (free analyst consensus estimates)

Etsy是一隻知名股票,得到多位分析師的關注,他們認爲未來增長前景明朗。因此,查看分析師對Etsy未來盈利的預測是很有意義的(免費分析師一致預期)。

A Different Perspective

不同的觀點

While the broader market gained around 36% in the last year, Etsy shareholders lost 14%. Even the share prices of good stocks drop sometimes, but we want to see improvements in the fundamental metrics of a business, before getting too interested. Regrettably, last year's performance caps off a bad run, with the shareholders facing a total loss of 0.1% per year over five years. Generally speaking long term share price weakness can be a bad sign, though contrarian investors might want to research the stock in hope of a turnaround. It's always interesting to track share price performance over the longer term. But to understand Etsy better, we need to consider many other factors. For instance, we've identified 2 warning signs for Etsy (1 makes us a bit uncomfortable) that you should be aware of.

在過去一年裏,整體市場上漲約36%,而Etsy股東卻遭受了14%的損失。即使優質股票的股價有時會下滑,但我們希望看到企業基本指標的改善才會產生濃厚興趣。遺憾的是,去年的業績收官了一次糟糕的表現,導致股東在過去五年裏平均每年面臨0.1%的總損失。通常來說,長期股價下跌可能是一個不好的跡象,儘管逆向投資者可能希望研究這支股票,期待一次扭轉。追蹤股價表現長期變化總是很有趣的。但要更好地了解Etsy,我們需要考慮很多其他因素。例如,我們發現了2個Etsy的警示信號(其中一個讓我們有點不舒服),你應該注意。

We will like Etsy better if we see some big insider buys. While we wait, check out this free list of undervalued stocks (mostly small caps) with considerable, recent, insider buying.

如果我們看到一些內部大額買入,我們會更喜歡Etsy。與此同時,您可以查看這份免費的低估股票名單(主要是小市值股),其中包括近期有相當大量內部買入的股票。

Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges.

請注意,本文所引述的市場回報反映了目前在美國交易所上市的股票的市場加權平均回報。

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

對本文有任何反饋?對內容有任何疑慮?請直接與我們聯繫。或者,發送電子郵件至editorial-team@simplywallst.com。
這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論,只使用公正的方法論,我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議,也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意,我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。

声明:本內容僅用作提供資訊及教育之目的,不構成對任何特定投資或投資策略的推薦或認可。 更多信息
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