Intrinsic value of eBay - EBAY

Previous Close

$34.20

  Intrinsic Value

$36.69

stock screener

  Rating & Target

hold

+7%

Previous close

$34.20

 
Intrinsic value

$36.69

 
Up/down potential

+7%

 
Rating

hold

We calculate the intrinsic value of EBAY stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2017), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 36.4

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046
   2047

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  6.60
  6.44
  6.30
  6.17
  6.05
  5.94
  5.85
  5.77
  5.69
  5.62
  5.56
  5.50
  5.45
  5.41
  5.37
  5.33
  5.30
  5.27
  5.24
  5.22
  5.19
  5.18
  5.16
  5.14
  5.13
  5.11
  5.10
  5.09
  5.08
  5.08
Revenue, $m
  10,198
  10,855
  11,539
  12,250
  12,991
  13,764
  14,569
  15,409
  16,285
  17,200
  18,156
  19,155
  20,200
  21,292
  22,434
  23,630
  24,882
  26,192
  27,565
  29,002
  30,509
  32,088
  33,743
  35,478
  37,297
  39,205
  41,205
  43,304
  45,505
  47,815
Variable operating expenses, $m
  7,525
  7,979
  8,450
  8,942
  9,453
  9,986
  10,542
  11,122
  11,727
  12,359
  12,535
  13,225
  13,946
  14,700
  15,488
  16,314
  17,178
  18,083
  19,030
  20,023
  21,063
  22,153
  23,296
  24,493
  25,749
  27,066
  28,448
  29,897
  31,416
  33,011
Fixed operating expenses, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  7,525
  7,979
  8,450
  8,942
  9,453
  9,986
  10,542
  11,122
  11,727
  12,359
  12,535
  13,225
  13,946
  14,700
  15,488
  16,314
  17,178
  18,083
  19,030
  20,023
  21,063
  22,153
  23,296
  24,493
  25,749
  27,066
  28,448
  29,897
  31,416
  33,011
Operating income, $m
  2,673
  2,877
  3,088
  3,309
  3,538
  3,777
  4,026
  4,287
  4,558
  4,841
  5,621
  5,931
  6,254
  6,592
  6,946
  7,316
  7,704
  8,109
  8,534
  8,979
  9,446
  9,935
  10,447
  10,984
  11,548
  12,138
  12,758
  13,407
  14,089
  14,804
EBITDA, $m
  3,827
  4,073
  4,329
  4,596
  4,874
  5,164
  5,466
  5,782
  6,110
  6,454
  6,813
  7,187
  7,579
  7,989
  8,418
  8,866
  9,336
  9,828
  10,343
  10,882
  11,447
  12,040
  12,661
  13,312
  13,994
  14,710
  15,461
  16,248
  17,074
  17,941
Interest expense (income), $m
  220
  499
  560
  624
  690
  759
  830
  905
  983
  1,064
  1,149
  1,238
  1,330
  1,427
  1,528
  1,634
  1,744
  1,860
  1,981
  2,108
  2,241
  2,380
  2,526
  2,678
  2,839
  3,007
  3,183
  3,367
  3,561
  3,764
  3,977
Earnings before tax, $m
  2,175
  2,317
  2,465
  2,619
  2,779
  2,947
  3,121
  3,303
  3,494
  3,692
  4,384
  4,600
  4,827
  5,064
  5,312
  5,572
  5,844
  6,128
  6,426
  6,739
  7,066
  7,409
  7,769
  8,146
  8,541
  8,956
  9,391
  9,847
  10,325
  10,827
Tax expense, $m
  587
  625
  665
  707
  750
  796
  843
  892
  943
  997
  1,184
  1,242
  1,303
  1,367
  1,434
  1,504
  1,578
  1,655
  1,735
  1,819
  1,908
  2,000
  2,098
  2,199
  2,306
  2,418
  2,535
  2,659
  2,788
  2,923
Net income, $m
  1,588
  1,691
  1,799
  1,912
  2,029
  2,151
  2,279
  2,411
  2,550
  2,695
  3,200
  3,358
  3,524
  3,697
  3,878
  4,067
  4,266
  4,474
  4,691
  4,919
  5,158
  5,409
  5,671
  5,946
  6,235
  6,538
  6,855
  7,188
  7,537
  7,904

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  25,244
  26,869
  28,561
  30,322
  32,157
  34,068
  36,061
  38,140
  40,310
  42,575
  44,942
  47,414
  49,999
  52,703
  55,531
  58,490
  61,588
  64,832
  68,229
  71,788
  75,517
  79,425
  83,522
  87,816
  92,319
  97,041
  101,994
  107,188
  112,637
  118,354
Adjusted assets (=assets-cash), $m
  25,244
  26,869
  28,561
  30,322
  32,157
  34,068
  36,061
  38,140
  40,310
  42,575
  44,942
  47,414
  49,999
  52,703
  55,531
  58,490
  61,588
  64,832
  68,229
  71,788
  75,517
  79,425
  83,522
  87,816
  92,319
  97,041
  101,994
  107,188
  112,637
  118,354
Revenue / Adjusted assets
  0.404
  0.404
  0.404
  0.404
  0.404
  0.404
  0.404
  0.404
  0.404
  0.404
  0.404
  0.404
  0.404
  0.404
  0.404
  0.404
  0.404
  0.404
  0.404
  0.404
  0.404
  0.404
  0.404
  0.404
  0.404
  0.404
  0.404
  0.404
  0.404
  0.404
Average production assets, $m
  6,690
  7,121
  7,569
  8,036
  8,522
  9,029
  9,557
  10,108
  10,683
  11,284
  11,911
  12,566
  13,251
  13,968
  14,717
  15,501
  16,322
  17,182
  18,082
  19,026
  20,014
  21,050
  22,135
  23,273
  24,467
  25,718
  27,031
  28,407
  29,852
  31,367
Working capital, $m
  -347
  -369
  -392
  -417
  -442
  -468
  -495
  -524
  -554
  -585
  -617
  -651
  -687
  -724
  -763
  -803
  -846
  -891
  -937
  -986
  -1,037
  -1,091
  -1,147
  -1,206
  -1,268
  -1,333
  -1,401
  -1,472
  -1,547
  -1,626
Total debt, $m
  10,373
  11,550
  12,775
  14,050
  15,378
  16,762
  18,205
  19,711
  21,282
  22,922
  24,635
  26,425
  28,297
  30,254
  32,301
  34,444
  36,687
  39,035
  41,495
  44,072
  46,772
  49,601
  52,567
  55,676
  58,936
  62,355
  65,940
  69,701
  73,646
  77,785
Total liabilities, $m
  18,276
  19,453
  20,678
  21,953
  23,281
  24,665
  26,108
  27,614
  29,185
  30,825
  32,538
  34,328
  36,200
  38,157
  40,204
  42,347
  44,590
  46,938
  49,398
  51,975
  54,675
  57,504
  60,470
  63,579
  66,839
  70,258
  73,843
  77,604
  81,549
  85,688
Total equity, $m
  6,967
  7,416
  7,883
  8,369
  8,875
  9,403
  9,953
  10,527
  11,126
  11,751
  12,404
  13,086
  13,800
  14,546
  15,327
  16,143
  16,998
  17,894
  18,831
  19,814
  20,843
  21,921
  23,052
  24,237
  25,480
  26,783
  28,150
  29,584
  31,088
  32,666
Total liabilities and equity, $m
  25,243
  26,869
  28,561
  30,322
  32,156
  34,068
  36,061
  38,141
  40,311
  42,576
  44,942
  47,414
  50,000
  52,703
  55,531
  58,490
  61,588
  64,832
  68,229
  71,789
  75,518
  79,425
  83,522
  87,816
  92,319
  97,041
  101,993
  107,188
  112,637
  118,354
Debt-to-equity ratio
  1.490
  1.560
  1.620
  1.680
  1.730
  1.780
  1.830
  1.870
  1.910
  1.950
  1.990
  2.020
  2.050
  2.080
  2.110
  2.130
  2.160
  2.180
  2.200
  2.220
  2.240
  2.260
  2.280
  2.300
  2.310
  2.330
  2.340
  2.360
  2.370
  2.380
Adjusted equity ratio
  0.276
  0.276
  0.276
  0.276
  0.276
  0.276
  0.276
  0.276
  0.276
  0.276
  0.276
  0.276
  0.276
  0.276
  0.276
  0.276
  0.276
  0.276
  0.276
  0.276
  0.276
  0.276
  0.276
  0.276
  0.276
  0.276
  0.276
  0.276
  0.276
  0.276

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  1,588
  1,691
  1,799
  1,912
  2,029
  2,151
  2,279
  2,411
  2,550
  2,695
  3,200
  3,358
  3,524
  3,697
  3,878
  4,067
  4,266
  4,474
  4,691
  4,919
  5,158
  5,409
  5,671
  5,946
  6,235
  6,538
  6,855
  7,188
  7,537
  7,904
Depreciation, amort., depletion, $m
  1,153
  1,196
  1,241
  1,288
  1,336
  1,387
  1,440
  1,495
  1,553
  1,613
  1,191
  1,257
  1,325
  1,397
  1,472
  1,550
  1,632
  1,718
  1,808
  1,903
  2,001
  2,105
  2,214
  2,327
  2,447
  2,572
  2,703
  2,841
  2,985
  3,137
Funds from operations, $m
  2,741
  2,887
  3,040
  3,199
  3,365
  3,538
  3,718
  3,907
  4,103
  4,308
  4,391
  4,615
  4,849
  5,094
  5,350
  5,618
  5,898
  6,192
  6,500
  6,822
  7,160
  7,514
  7,885
  8,274
  8,682
  9,109
  9,558
  10,029
  10,523
  11,041
Change in working capital, $m
  -21
  -22
  -23
  -24
  -25
  -26
  -27
  -29
  -30
  -31
  -33
  -34
  -36
  -37
  -39
  -41
  -43
  -45
  -47
  -49
  -51
  -54
  -56
  -59
  -62
  -65
  -68
  -71
  -75
  -79
Cash from operations, $m
  2,762
  2,910
  3,064
  3,224
  3,391
  3,564
  3,746
  3,935
  4,133
  4,339
  4,424
  4,649
  4,884
  5,131
  5,388
  5,658
  5,941
  6,236
  6,546
  6,871
  7,211
  7,567
  7,941
  8,333
  8,744
  9,174
  9,626
  10,100
  10,597
  11,119
Maintenance CAPEX, $m
  -628
  -669
  -712
  -757
  -804
  -852
  -903
  -956
  -1,011
  -1,068
  -1,128
  -1,191
  -1,257
  -1,325
  -1,397
  -1,472
  -1,550
  -1,632
  -1,718
  -1,808
  -1,903
  -2,001
  -2,105
  -2,214
  -2,327
  -2,447
  -2,572
  -2,703
  -2,841
  -2,985
New CAPEX, $m
  -411
  -431
  -448
  -467
  -486
  -507
  -528
  -551
  -575
  -600
  -627
  -655
  -685
  -716
  -750
  -784
  -821
  -860
  -900
  -943
  -988
  -1,036
  -1,086
  -1,138
  -1,193
  -1,251
  -1,312
  -1,377
  -1,444
  -1,515
Cash from investing activities, $m
  -1,039
  -1,100
  -1,160
  -1,224
  -1,290
  -1,359
  -1,431
  -1,507
  -1,586
  -1,668
  -1,755
  -1,846
  -1,942
  -2,041
  -2,147
  -2,256
  -2,371
  -2,492
  -2,618
  -2,751
  -2,891
  -3,037
  -3,191
  -3,352
  -3,520
  -3,698
  -3,884
  -4,080
  -4,285
  -4,500
Free cash flow, $m
  1,723
  1,810
  1,903
  2,000
  2,101
  2,206
  2,315
  2,428
  2,547
  2,670
  2,668
  2,803
  2,943
  3,089
  3,242
  3,402
  3,570
  3,745
  3,928
  4,119
  4,320
  4,530
  4,750
  4,981
  5,223
  5,476
  5,742
  6,020
  6,312
  6,619
Issuance/(repayment) of debt, $m
  1,139
  1,177
  1,225
  1,275
  1,328
  1,384
  1,443
  1,505
  1,571
  1,640
  1,713
  1,790
  1,872
  1,957
  2,048
  2,143
  2,243
  2,348
  2,460
  2,577
  2,700
  2,829
  2,966
  3,109
  3,260
  3,419
  3,586
  3,761
  3,945
  4,139
Issuance/(repurchase) of shares, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  1,139
  1,177
  1,225
  1,275
  1,328
  1,384
  1,443
  1,505
  1,571
  1,640
  1,713
  1,790
  1,872
  1,957
  2,048
  2,143
  2,243
  2,348
  2,460
  2,577
  2,700
  2,829
  2,966
  3,109
  3,260
  3,419
  3,586
  3,761
  3,945
  4,139
Total cash flow (excl. dividends), $m
  2,863
  2,987
  3,128
  3,275
  3,429
  3,590
  3,758
  3,934
  4,118
  4,310
  4,381
  4,593
  4,814
  5,046
  5,290
  5,545
  5,812
  6,093
  6,387
  6,696
  7,020
  7,360
  7,716
  8,090
  8,483
  8,895
  9,327
  9,781
  10,258
  10,758
Retained Cash Flow (-), $m
  -447
  -449
  -467
  -486
  -506
  -528
  -550
  -574
  -599
  -625
  -653
  -682
  -713
  -746
  -781
  -817
  -855
  -895
  -938
  -982
  -1,029
  -1,079
  -1,131
  -1,185
  -1,243
  -1,303
  -1,367
  -1,434
  -1,504
  -1,578
Prev. year cash balance distribution, $m
  1,543
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  478
  510
  543
  577
  613
  650
  688
  728
  770
  814
  860
  908
  958
  1,010
  1,065
  1,122
  1,182
  1,244
  1,310
  1,378
  1,450
  1,525
  1,604
  1,687
  1,774
  1,865
  1,960
  2,060
  2,165
  2,275
Cash available for distribution, $m
  3,958
  2,538
  2,661
  2,789
  2,923
  3,062
  3,208
  3,360
  3,519
  3,685
  3,728
  3,910
  4,101
  4,300
  4,509
  4,728
  4,957
  5,198
  5,450
  5,714
  5,991
  6,281
  6,586
  6,905
  7,240
  7,592
  7,961
  8,348
  8,754
  9,180
Discount rate, %
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
  3,795
  2,324
  2,316
  2,296
  2,265
  2,222
  2,167
  2,100
  2,021
  1,932
  1,771
  1,669
  1,559
  1,444
  1,324
  1,202
  1,079
  957
  839
  726
  620
  521
  432
  352
  282
  221
  171
  129
  96
  69
Current shareholders' claim on cash, %
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

eBay Inc. (eBay) is a commerce company, which operates through its Marketplace, StubHub and Classifieds platforms. The Company connects buyers and sellers around the world. Its platforms enable sellers around the world to organize and offer their inventory for sale, and buyers to find and purchase it. Its platforms are accessible through an online experience (desktop and laptop computers), from mobile devices (smartphones and tablets) and by application programming interface (API) (platform access for third-party software developers). The Company's Marketplace platforms include its online marketplace located at www.ebay.com, localized counterparts and the eBay mobile applications. The Company's StubHub platforms include its online ticket platform located at www.stubhub.com, the StubHub mobile applications and Ticketbis. The Company's Classifieds platforms include a collection of brands, such as Mobile.de, Kijiji, Gumtree, Marktplaats, eBay Kleinanzeigen and others.

FINANCIAL RATIOS  of  eBay (EBAY)

Valuation Ratios
P/E Ratio 5.1
Price to Sales 4.1
Price to Book 3.5
Price to Tangible Book
Price to Cash Flow 13.2
Price to Free Cash Flow 16.9
Growth Rates
Sales Growth Rate 4.5%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -6.3%
Cap. Spend. - 3 Yr. Gr. Rate -1.6%
Financial Strength
Quick Ratio 5
Current Ratio 0.1
LT Debt to Equity 71.2%
Total Debt to Equity 85%
Interest Coverage 18
Management Effectiveness
Return On Assets 37%
Ret/ On Assets - 3 Yr. Avg. 14.3%
Return On Total Capital 44.3%
Ret/ On T. Cap. - 3 Yr. Avg. 17.6%
Return On Equity 84.9%
Return On Equity - 3 Yr. Avg. 32.7%
Asset Turnover 0.4
Profitability Ratios
Gross Margin 77.6%
Gross Margin - 3 Yr. Avg. 79.4%
EBITDA Margin 50.7%
EBITDA Margin - 3 Yr. Avg. 42.1%
Operating Margin 25.9%
Oper. Margin - 3 Yr. Avg. 26.5%
Pre-Tax Margin 40.7%
Pre-Tax Margin - 3 Yr. Avg. 32.4%
Net Profit Margin 80.9%
Net Profit Margin - 3 Yr. Avg. 33.8%
Effective Tax Rate -99.5%
Eff/ Tax Rate - 3 Yr. Avg. 18%
Payout Ratio 0%

EBAY stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the EBAY stock intrinsic value calculation we used $9567 million for the last fiscal year's total revenue generated by eBay. The default revenue input number comes from 2017 income statement of eBay. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our EBAY stock valuation model: a) initial revenue growth rate of 6.6% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for EBAY is calculated based on our internal credit rating of eBay, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of eBay.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of EBAY stock the variable cost ratio is equal to 74.1%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for EBAY stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.4% for eBay.

Corporate tax rate of 27% is the nominal tax rate for eBay. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the EBAY stock is equal to 5%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for EBAY are equal to 65.6%.

Life of production assets of 10 years is the average useful life of capital assets used in eBay operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for EBAY is equal to -3.4%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $8063 million for eBay - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 1064 million for eBay is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of eBay at the current share price and the inputted number of shares is $36.4 billion.

RELATED COMPANIES Price Int.Val. Rating
AMZN Amazon.com 1,813.70 1,290.53  hold
MELI MercadoLibre 373.46 3,672.60  str.buy
GOOGL Alphabet Cl A 1,197.88 989.08  hold
BABA Alibaba Group 187.25 239.02  buy
MSFT Microsoft 106.27 60.61  sell
ETSY Etsy 43.80 5.23  str.sell

COMPANY NEWS

▶ Millionaires in America: All 50 States Ranked   [Jul-22-18 04:48PM  Kiplinger]
▶ eBay Drags Down Internet ETFs   [Jul-20-18 07:16PM  Zacks]
▶ The Big Selloff in eBay Stock Is No Surprise   [03:12PM  InvestorPlace]
▶ Company News For Jul 20, 2018   [09:23AM  Zacks]
▶ eBay Gets Spun Up   [05:53PM  The Wall Street Journal]
▶ What Happened in the Stock Market Today   [04:54PM  Motley Fool]
▶ Why eBay, Inc. Stock Plunged Today   [03:12PM  Motley Fool]
▶ Risks to the FAANG rally   [11:14AM  CNBC Videos]
▶ eBay Drops After a Soft Quarter, Lowered Guidance   [Jul-18-18 09:52PM  Motley Fool]
▶ eBay Q2 Earnings in 6 Metrics   [08:33PM  Motley Fool]
▶ Should You Buy PayPal Stock? 3 Pros, 3 Cons   [08:30PM  InvestorPlace]
▶ EBay: 2Q Earnings Snapshot   [04:33PM  Associated Press]
▶ 5 Top Stock Trades for Thursday Morning   [03:52PM  InvestorPlace]
▶ eBay Inc. to Host Earnings Call   [03:00PM  ACCESSWIRE]
▶ The Top 4 eBay Shareholders (EBAY)   [02:10PM  Investopedia]
▶ The 5 Largest E-Commerce Stocks In the U.S.   [Jul-17-18 02:29PM  InvestorPlace]
▶ Trade of the Day: eBay (EBAY)   [09:19AM  InvestorPlace]
▶ Atlanta-based Fintech 'unicorn' picks new CFO, board member   [Jul-16-18 03:01PM  American City Business Journals]
▶ Your super-quick guide to Amazon Prime Day   [12:00PM  Yahoo Finance]
▶ eBay.co.uk Launches Summer Discount Sale   [06:50AM  PR Newswire]
▶ What to Watch When eBay Posts Earnings Results   [Jul-15-18 10:32AM  Motley Fool]
▶ Amazon captures nearly half of all e-commerce sales, report says   [Jul-13-18 02:46PM  American City Business Journals]
▶ These C-suite roles have the highest gender pay gaps in Bay Area tech companies   [Jul-11-18 05:39PM  American City Business Journals]
▶ eBay Earnings: 3 Metrics to Watch   [05:33PM  Motley Fool]
▶ Why eBay Stock Is on the Auction Block   [11:41AM  InvestorPlace]
▶ Dow, S&P 500 Gain For Fourth Day; Nasdaq Ends Flat   [Jul-10-18 04:06PM  TheStreet.com]
▶ 4 Potential Multibagger Stocks for 2018 and Beyond   [Jul-09-18 12:59PM  InvestorPlace]
▶ Better Buy: Shopify Inc. (SHOP) vs. eBay (EBAY)   [Jul-07-18 12:32PM  Motley Fool]
▶ Amazons Prime Day to Hit Retailers Back-to-School Efforts   [Jul-06-18 01:25PM  InvestorPlace]
▶ eBay Stock Seen Rebounding 8% After Sharp Decline   [Jul-03-18 11:30AM  Investopedia]
▶ Yahoo Finance Live: Market Movers - Jul 3rd, 2018   [07:20AM  Yahoo Finance Video]
Follow us on:   twitter   twitter   twitter   twitter

ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2018. All rigths reserved.