Projected Income Statement: eBay Inc.

Forecast Balance Sheet: eBay Inc.

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 7,703 6,717 5,738 4,992 3,827 4,823 4,524 4,196
Change - -12.8% -14.57% -13% -23.34% 26.03% -6.2% -7.25%
Announcement Date 2/23/22 A 2/22/23 A 2/27/24 A 2/26/25 A 2/18/26 A - - -
1USD in Million
Estimates

Cash Flow Forecast: eBay Inc.

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 444 449 456 458 525 580 613.3 627.2
Change - 1.13% 1.56% 0.44% 14.63% 10.47% 5.75% 2.26%
Free Cash Flow (FCF) 1 2,213 2,178 1,975 1,956 1,484 2,712 2,970 3,360
Change - -1.58% -9.32% -0.96% -24.13% 82.76% 9.52% 13.13%
Announcement Date 2/23/22 A 2/22/23 A 2/27/24 A 2/26/25 A 2/18/26 A - - -
1USD in Million
Estimates

Forecast Financial Ratios: eBay Inc.

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 38.21% 34.52% 31.4% 31.27% 31.46% 29.87% 30.28% 31.71%
EBIT Margin (%) 33.39% 30.01% 27.41% 28.12% 27.79% 27.11% 27.19% 28.3%
EBT Margin (%) 3.82% -16.35% 36.66% 22.15% 20.78% 19.75% 20.85% 21.89%
Net margin (%) 2.42% -12.96% 27.36% 19.21% 18.3% 16.04% 16.79% 17.78%
FCF margin (%) 21.24% 22.24% 19.53% 19.02% 13.37% 21.65% 22.25% 23.62%
FCF / Net Income (%) 878.17% -171.63% 71.38% 99.04% 73.07% 134.96% 132.55% 132.88%

Profitability

        
ROA - -5.35% 13.03% 9.64% 10.99% 12.69% 13.24% 14.68%
ROE 39.9% 30.97% 47.92% 34.19% 41.56% 55.65% 57.36% 58.56%

Financial Health

        
Leverage (Debt/EBITDA) 1.93x 1.99x 1.81x 1.55x 1.1x 1.29x 1.12x 0.93x
Debt / Free cash flow 3.48x 3.08x 2.91x 2.55x 2.58x 1.78x 1.52x 1.25x

Capital Intensity

        
CAPEX / Current Assets (%) 4.26% 4.58% 4.51% 4.45% 4.73% 4.63% 4.59% 4.41%
CAPEX / EBITDA (%) 11.15% 13.28% 14.36% 14.24% 15.03% 15.5% 15.17% 13.91%
CAPEX / FCF (%) 20.06% 20.62% 23.09% 23.42% 35.38% 21.38% 20.65% 18.66%

Items per share

        
Cash flow per share 1 4.008 4.039 4.552 4.818 4.293 7.617 8.758 9.87
Change - 0.8% 12.68% 5.86% -10.91% 77.44% 14.98% 12.7%
Dividend per Share 1 0.72 0.88 1 1.08 1.16 1.231 1.297 1.395
Change - 22.22% 13.64% 8% 7.41% 6.11% 5.39% 7.52%
Book Value Per Share 1 16.46 9.56 12.37 10.95 10.28 9.843 10.81 12.41
Change - -41.92% 29.4% -11.48% -6.14% -4.23% 9.8% 14.82%
EPS 1 0.38 -2.27 5.19 3.94 4.34 4.446 5.08 5.839
Change - -697.37% 328.63% -24.08% 10.15% 2.43% 14.27% 14.93%
Nbr of stocks (in thousands) 626,004 542,659 519,000 479,000 452,000 445,000 445,000 445,000
Announcement Date 2/23/22 A 2/22/23 A 2/27/24 A 2/26/25 A 2/18/26 A - - -
1USD
Estimates
2026 *2027 *
P/E 23.9x 20.9x
PBR 10.8x 9.84x
EV / Sales 4.16x 3.89x
Yield 1.16% 1.22%

EPS & Dividend



Y-o-Y evolution of P/E

 

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
A
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
32
Last Close Price
106.40USD
Average target price
116.11USD
Spread / Average Target
+9.13%

Quarterly revenue - Rate of surprise