Ebay Inc

Consumer Discretionary
Business Services
www.ebay.com

Earnings Score
Moat Score
Safety Score

Market Cap $31.57B
PE 16
Debt $7.42B
Cash $2.37B
EV $36.61B
FCF $1.39B

Earnings

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Sales & Net Margins

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Earnings	$2.02B
EBIT	$2.81B
ROE	37%
ROA	14%
FCF	$1.39B
Equity	$5.42B
Growth Stability	-34%
PE	15.63
PEG	-0.65
PB	5.82
P/FCF	22.66
P/S	3.07
Price/Cash	0.08
Debt/Equity	1.37
Debt/FCF	5.33
Net Margins	17%
Gross Margins	72%
Op. Margins	27%
Earnings CAGR	-6%
Sales Growth YoY	3%
Sales Growth QoQ	0%
Sales CAGR	3%
FCF CAGR	-3%
Equity CAGR	-8%
Earnings Stability	0.03
Earnings Growth YoY	-51%
Earnings Growth QoQ	183%
Earnings CAGR 5Y	-24%

Sales CAGR 5Y	-1%
FCF CAGR 5Y	-12%
Equity CAGR 5Y	15%
Earnings CAGR 3Y	1%
Sales CAGR 3Y	1%
FCF CAGR 3Y	-13%
Equity CAGR 3Y	-8%
Market Cap	$31.57B
Revenue	$10.27B
Dividend Yield	2%
Payout Ratio	26%
Assets	$19.92B
Total Debt	$7.42B
Cash	$2.37B
Shares Outstanding	482M
EV	36.61B
Earnings Score	6%
Moat Score	96%
Safety Score	51%
Final Score	51%
Working Capital	1.42B
Current Ratio	1.25
Gross Profit	$7.39B
Shares Growth 3y	-6%
Equity Growth QoQ	-2%
Equity Growth YoY	-8%

Assets & ROA

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Stockholders Equity & ROE

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eBay operates one of the largest e-commerce marketplaces in the world, with $87 billion in 2021 gross merchandise volume, or GMV, rendering the firm the sixth- largest global e-commerce company. eBay generates revenue from listing fees, advertising, revenue-sharing arrangements with service providers, and managed payments, with its platform connecting more than 147 million buyers and roughly 20 million sellers across almost 190 global markets. eBay generates just north of 50% of its GMV in international markets, with a large presence in the U.K., Germany, and Australia.

SEC Filings

Direct access to Ebay Inc (EBAY) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Ebay Inc compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Ebay Inc compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR -6%

Stability 3%

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Ebay Inc Discounted Cash Flow

Fully customizable DCF calculator online for Ebay Inc.

Years

Calculation mode

= $11B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$1.4B	$1.3B	$1.3B	$1.3B	$1.2B	$1.2B	$1.2B	$1.1B	$1.1B	$1B	$1B	$10B
DCF		$1.2B	$1.1B	$952M	$838M	$738M	$650M	$573M	$504M	$444M	$391M	$3.9B
Value	$11B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	0%	20%	78%	-10%	24%	17%	55%	131%	-13%	27%	17%
ROA	-	14%	16%	10%	13%	14%	19%	11%	11%	17%	14%
ROE	-	26%	69%	-13%	40%	62%	159%	139%	-25%	43%	37%

Good Net Margins (16.82%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	2.01	4.75	4.37	5.4	3.43	2.93	3.95	4.61	4.3	5.33
Debt over Equity	0.42	1.03	0.99	1.34	1.73	3.06	2.18	1.07	1.95	1.33	1.37
Growth Stability	-	-	-	-34%	95%	61%	100%	100%	-18%	46%	-34%

Bad Debt/FCF ratio (5.33)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Neutral Debt/Equity ratio (1.37)

The company has a balance between equity and debt that is not too good nor too bad.

Bad Graham’s Stability (-34%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	-52%	8%	7%	8%	1%	-5%	1%	-6%	3%	-1%
Earnings YoY growth	-	4K%	321%	-114%	-349%	-29%	217%	140%	-109%	-318%	-24%
Equity YoY growth	-	-67%	60%	-23%	-22%	-54%	24%	175%	-47%	24%	15%
FCF YoY growth	-	-24%	-35%	13%	-19%	27%	4%	-0%	-18%	-9%	-12%