Added to YB: 2024-11-14
Pitch date: 2024-11-13
EBAY [neutral]
eBay Inc.
+41.28%
current return
Author Info
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Company Info
eBay Inc., together with its subsidiaries, operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally.
Market Cap
$41.9B
Pitch Price
$60.42
Price Target
43.00 (-50%)
Dividend
1.26%
EV/EBITDA
16.91
P/E
20.18
EV/Sales
4.33
Sector
Broadline Retail
Category
value
Deep dive into eBay ($EBAY)
EBAY (significantly overvalued): Flat revenue since 2021, GMV back to pre-pandemic levels. Take-rate increase misleading due to definition change. Operating profit stable at ~3% of GMV. $2B FCF/yr. China growth offsetting EU decline. Fair value $43/share vs $62 current. Needs 7% annual growth & 23% margin to justify price.
Read full article (5 min)