# E-commerce valuations using 2022 estimates

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E-commerce valuations using 2022 estimates

(EV = enterprise value / GP = gross profit)**$AMZN**

Current EV = $1.67 trillion

2022 revenue estimate = $572 billion

2022 gross margins = 42%

2022 gross profit = $240 billion

2021 > 2022 revenue growth = 19.7%

$AMZN = 7x 2022 EV/GP

**$SHOP**

Current EV = $183 billion

2022 revenue estimate = $6.2 billion

2022 gross margins = 54%

2022 gross profit = $3.35 billion

2021 > 2022 revenue growth = 34.5%

$SHOP = 54x 2022 EV/GP

**$GLBE**

Current EV = $10.4 billion

2022 revenue estimate = $334 million

2022 gross margins = 36%

2022 gross profit = $120 million

2021 > 2022 revenue growth = 58.1%

$GLBE = 86x 2022 EV/GP

**$SE**

Current EV = $145 billion

2022 revenue estimate = $12.1 billion

2022 gross margins = 41.5%

2022 gross profit = $5.0 billion

2021 > 2022 revenue growth = 47.5%

$SE = 29x 2022 EV/GP

**$MELI**

Current EV = $77.9 billion

2022 revenue estimate = $8.7 billion

2022 gross margins = 41.7%

2022 gross profit = $3.63 billion

2021 > 2022 revenue growth = 37.6%

$MELI = 21.5x 2022 EV/GP

**$ETSY**

Current EV = $23.5 billion

2022 revenue estimate = $2.7 billion

2022 gross margins = 74.2%

2022 gross profit = $2.0 billion

2021 > 2022 revenue growth = 18.3%

$ETSY = 11.8x 2022 EV/GP

**$FTCH**

Current EV = $17.5 billion

2022 revenue estimate = $2.86 billion

2022 gross margins = 47.6%

2022 gross profit = $1.36 billion

2021 > 2022 revenue growth = 27.7%

$FTCH = 12.9x 2022 EV/GP

**$OZON**

Current EV = $9.9 billion

2022 revenue estimate = $3.73 billion

2022 gross margins = 40.9%

2022 gross profit = $1.53 billion

2021 > 2022 revenue growth = 61.2%

$OZON = 6.5x 2022 EV/GP

**$BABA**

Current EV = $510 billion

2022 revenue estimate = $170 billion

2022 gross margins = 40%

2022 gross profit = $68 billion

2021 > 2022 revenue growth = 20.9%

$BABA = 7.5x 2022 EV/GP

**$PDD**

Current EV = $104 billion

2022 revenue estimate = $24.3 billion

2022 gross margins = 58.1%

2022 gross profit = $14.1 billion

2021 > 2022 revenue growth = 37.1%

$PDD = 7.4x 2022 EV/GP

**$JD**

Current EV = $100 billion

2022 revenue estimate = $179.4 billion

2022 gross margins = 14.9%

2022 gross profit = $26.7 billion

2021 > 2022 revenue growth = 22.2%

$JD = 3.7x 2022 EV/GP

**$W**

Current EV = $27 billion

2022 revenue estimate = $19 billion

2022 gross margins = 28.3%

2022 gross profit = $5.4 billion

2021 > 2022 revenue growth = 20.1%

$W = 5x 2022 EV/GP

**$EBAY**

Current EV = $51 billion

2022 revenue estimate = $12.8 billion

2022 gross margins = 73%

2022 gross profit = $9.34 billion

2021 > 2022 revenue growth = 6.3%

$EBAY = 5.5x 2022 EV/GP

**$WISH**

Current EV = $4.6 billion

2022 revenue estimate = $3.8 billion

2022 gross margins = 60.3%

2022 gross profit = $2.3 billion

2021 > 2022 revenue growth =

$WISH = 2x 2022 EV/GP

**$CPNG**

Current EV = $60 billion

2022 revenue estimate = $26.7 billion

2022 gross margins = 20%

2022 gross profit = $5.34 billion

2021 > 2022 revenue growth = 39.3%

$CPNG = 11.2x 2022 EV/GP

**$BIGC**

Current EV = $4.4 billion

2022 revenue estimate = $243 million

2022 gross margins = 78%

2022 gross profit = $189.5 million

2021 > 2022 revenue growth = 22.8%

$BIGC = 23.2x 2022 EV/GP

**$JMIA**

Current EV = $1.5 billion

2022 revenue estimate = $182 million

2022 gross margins = 74.3%

2022 gross profit = $135.2 million

2021 > 2022 revenue growth = 21.3%

$JMIA = 11x 2022 EV/GP

**$OSTK**

Current EV = $2.5 billion

2022 revenue estimate = $3.2 billion

2022 gross margins = 22.5%

2022 gross profit = $720 million

2021 > 2022 revenue growth = 12.1%

$OSTK = 3.5x 2022 EV/GP

**$REAL**

Current EV = $1.5 billion

2022 revenue estimate = $585.5 million

2022 gross margins = 62.8%

2022 gross profit = $368 million

2021 > 2022 revenue growth = 28.3%

$REAL = 4.1x 2022 EV/GP

**$POSH**

Current EV = $2.4 billion

2022 revenue estimate = $420.9 million

2022 gross margins = 83.9%

2022 gross profit = $353.1 million

2021 > 2022 revenue growth = 28.6%

$POSH = 6.8x 2022 EV/GP