Chewy is expanding beyond online pet retail into a more integrated pet healthcare ecosystem. Its 21 million active customers and autoship program (accounting for 83% of sales) provide a foundation through which it can pursue higher-margin pharmacy, specialty diet, and veterinary services sales.
Rapid scaling of Chewy Ads could outpace our estimates, providing high-margin (estimated 70% operating margins) profit accretion by leveraging first-party shopper data across 21 million active customers.
Stagnation or declines in active customer growth could cap our forecast top-line expansion, leaving the firm reliant on increasing wallet share.
|
Metric
|
CHWY
|
ETSY
|
AMZN
|
|---|---|---|---|
Price/Earnings (Normalized) | 15.30 | 29.26 | 35.52 |
Price/Book Value | 20.56 | — | 6.02 |
Price/Sales | 0.69 | 3.75 | 3.61 |
Price/Cash Flow | 11.77 | 14.94 | 15.14 |
|
Metric
|
CHWY
|
ETSY
|
AMZN
|
|---|---|---|---|
Quick Ratio | 0.32 | 1.30 | 1.01 |
Current Ratio | 0.78 | 1.69 | 1.18 |
Interest Coverage | 65.63 | — | 44.83 |
|
Metric
|
CHWY
|
ETSY
|
AMZN
|
|---|---|---|---|
Return on Assets (Normalized) | 17.70% | 23.05% | 11.13% |
Return on Equity (Normalized) | 132.48% | — | 22.63% |
Return on Invested Capital (Normalized) | 59.82% | 31.80% | 15.75% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
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PDD
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United States