As the e-commerce industry grows, dozens of companies are deploying various -- and often very different -- strategies to tap into this lucrative opportunity. One such company is Etsy (NASDAQ: ETSY), which focuses on providing e-commerce platforms for the exchange of unique, specialized, creative, and often handmade goods. If the company's returns in recent years are any indication, its strategy seems to be working: Since 2015, Etsy's share price has more than doubled. But with the company currently trading at nearly 60 times projected future earnings, it is worth a look to see whether Etsy's prospects can justify its lofty valuation.
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Etsy's market-beating returns have been backed by solid performances almost across the board. Here are just a few stats to consider:
Source Fool.com