With 132 million active buyers, over $10 billion in revenue, and more than $2 billion of FCF generated annually, eBay is in no way small. Though, in the massive e-commerce market, its $26 billion market cap only allows it to capture a market share of below 3.5%, so maybe it is rather small after all - It’s all about perspective.
Ebay has it's issues but there's little argument against it being at a relatively cheap valuation now. Whether it can build momentum up again is a big question.
It’s true that people see eBay as somewhat of an “old” and “boring” company. It leaves the company vulnerable to competitors who are willing to innovate.
Now this is a DEEP dive. Great article man.
Ebay has it's issues but there's little argument against it being at a relatively cheap valuation now. Whether it can build momentum up again is a big question.
Thank you for the kind words! It could definitely go either way with eBay. Will keep a close eye on it.
It’s true that people see eBay as somewhat of an “old” and “boring” company. It leaves the company vulnerable to competitors who are willing to innovate.
The company definitely hasn't completed a turnaround yet, but it is doing all the right things now. Though, it definitely remains vulnerable.