eBay Inc. (EBAY) – Fighting against all odds

eBay Inc. (EBAY) (Q2FY23)

Stock performance: The stock gave returns of -5.6% and 13.2% in the period of three months and one year. The stock has a 52-week high of $52.23 and a 52-week low of $35.92. The stock gave returns of -17.9% and CAGR of -6.4% over a period of three years. The stock had a 200- Day Moving Average of $44.70 and a 50-Day Moving Average of $43.92.

Quarter Performance: In Q2FY23, net revenues increased 5% to $2.54bn, compared to $2.42bn in Q2FY22 primarily due to the investment in focus categories and higher take rate as a result of the expansion of promoted listings, international shipping and payment services. The increase in net revenues was partially offset by a reduction in traffic in most markets resulting from geopolitical events, inflationary pressure, foreign exchange rate volatility and lower consumer confidence in Q2FY23.

Guidance: For Q3FY23, the company expects its revenue to be in the range of $2.46bn – $2.52bn and the GMV is expected to be $17.6bn – $18bn. The GAAP EPS is expected to be $0.67 – $0.72 and the adj. EPS of $0.96 – $1.01. The non-GAAP operating margin is expected to be 25.8% – 26.5%.

Highlights

EBAY has completed its acquisition of Certilogo, a provider of AI-powered apparel and fashion goods digital IDs and authentication. Certilogo helps brands take care of its products and lets people easily find out if its favorite clothes are real or not.

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Highlights

Valuation

– Enterprise Value
– CrispIdea Forecast
– CrispIdea Segment Forecast
– Economic Value Added Analysis
– P/E Analysis
– Peer Valuation
– CrispIdea Forecast Relative to Consensus
– Consensus History and Surprise
– Consensus Momentum

Actual & Historical Performance

– Income Statement
– Balance Sheet
– Cash Flow
– 10 Year Historical Performance
– Ratio Analysis
– Du Pont Analysis
– ROIC & ROCE Analysis
– Segment Performance
– Key Metrics
– M&A Deals

Peer Performance

– Summary
– Profitability
– Growth
– Price Performance

Ownership

Stock Price Performance

Crispidea Coverage

No of Pages: 37

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