eBay Inc.


SKU: EBAY Category:


eBay had a solid third quarter and delivered an all-around beat. While the company’s business is impacted by low consumer confidence in many markets markets, and the drags on discretionary income from inflation, increasing oil prices, and rising interest rates, it has still performed well. Their emphasis on non-new-in-season categories has strengthened the platform’s resistance to these challenges. The company also completed the tech-led re-imagination in the quarter and met its short-term commitments. Through improved marketing, focus categories reduced their gap to market growth rates. Investments in site-wide technology also enhanced conversion rates throughout the platform by facilitating a more seamless consumer experience. Furthermore, their advertising business has accelerated due to more seller acceptance and enhancing their advertising goods. New payment methods also reduced transactional annoyance while generating extra money. Additionally, eBay is attempting to improve the standard and volume of the supply of components and accessories. MyFitment, which aids P&A sellers in raising conversion and listing quality, was recently bought by them. During the quarter, they also completed the acquisition of TCGplayer. Overall, they maintained their resiliency despite the challenging macroeconomic environment. We give eBay a ‘Hold’ rating with a revised target price.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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