eBay (EBAY) operates one of the largest e-commerce marketplaces in the world, with $73 billion in 2023 gross merchandise volume, or GMV, rendering the firm a top 10 global e-commerce company. The company generates revenue from listing fees, advertising, revenue-sharing arrangements with service providers, and managed payments, with its platform connecting more than 130 million buyers and roughly 20 million sellers across almost 190 global markets at the end of 2023. eBay generates just north of 50% of its GMV in international markets, with a large presence in the UK, Germany, and Australia.A quick look at the share price history (below) over the past twelve months shows that the price is up 18.68%. Here’s why the company is undervalued.Source: Google Finance Key StatsMarket Cap: $27.36 BillionEnterprise Value: $27.37 BillionOperating EarningsOperating Earnings: $2.20 Billion Acquirer’s MultipleAcquirer’s Multiple: 12.40Free Cash Flow (TTM)Free Cash Flow: $1.73 BillionFCF/MC Yield %:FCF/MC Yield: 6.33Shareholder Yield %:Shareholder Yield: 7.50 Other IndicatorsPiotroski F Score: 6.00Dividend Yield: 1.90ROA (5 Year Avge%): 10More By This Author: Netflix Inc DCF Valuation: Is The Stock Undervalued?Why Dell Technologies Inc Stock Is A BuyMicrosoft Corp DCF Valuation: Is The Stock Undervalued?