` Comparison: SPX vs SHOP - Alpha Spread
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SPX
vs
SHOP

Over the past 12 months, SPX has underperformed SHOP, delivering a return of -63% compared to the SHOP's 8% drop.

Valuation Growth Profitability Solvency Stocks Performance
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SPX
SHOP
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Stocks Compared:
SPX SHOP
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Valuation Comparison

SPX Intrinsic Value
0.015 AUD
Undervaluation 80%
Intrinsic Value
Price
SHOP Intrinsic Value
37.25 USD
Overvaluation 66%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Spenda Ltd
ASX:SPX
0.003 AUD
Shopify Inc
NASDAQ:SHOP
110.84 USD
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
SPX, SHOP

SPX
SHOP
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Revenue
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Company LTM Historical Growth Growth Streak % Positive Years Max Drawdown Volatility Forecasted Growth
3 Years 5 Years 10 Years 1 Year 3 Years
Spenda Ltd
Revenue
Shopify Inc
Revenue

All metrics are calculated based on data from the last 10 years.

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Profitability Comparison

Free Cash Flow
SPX, SHOP

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SHOP
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Free Cash Flow
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Company LTM Average Historical Growth FCF Margin Conversion
3 Years 5 Years 3 Years 5 Years 10 Years
Spenda Ltd
ASX:SPX
Shopify Inc
NASDAQ:SHOP
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What is Free Cash Flow?

Gross Margin

SPX
-5.9%
SHOP
48.7%
LTM 3Y Avg 5Y Avg 10Y Avg
Spenda Ltd
Shopify Inc

Operating Margin

SPX
-105.9%
SHOP
12.3%
LTM 3Y Avg 5Y Avg 10Y Avg
Spenda Ltd
Shopify Inc

Net Margin

SPX
-219.3%
SHOP
16.7%
LTM 3Y Avg 5Y Avg 10Y Avg
Spenda Ltd
Shopify Inc

FCF Margin

SPX
-20.2%
SHOP
17.8%
LTM 3Y Avg 5Y Avg 10Y Avg
Spenda Ltd
Shopify Inc

ROE

SPX
-97.4%
SHOP
15.7%
LTM 3Y Avg 5Y Avg 10Y Avg
Spenda Ltd
Shopify Inc

ROA

SPX
-63.3%
SHOP
13%
LTM 3Y Avg 5Y Avg 10Y Avg
Spenda Ltd
Shopify Inc

ROIC

SPX
-36.5%
SHOP
15.8%
LTM 3Y Avg 5Y Avg 10Y Avg
Spenda Ltd
Shopify Inc

ROCE

SPX
-34.6%
SHOP
10.9%
LTM 3Y Avg 5Y Avg 10Y Avg
Spenda Ltd
Shopify Inc

Solvency Comparison

Spenda Ltd
Equity Waterfall
Assets
Liabilities
Equity
What is Equity Waterfall?
Shopify Inc
Equity Waterfall
Assets
Liabilities
Equity
What is Equity Waterfall?
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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
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1Y 3Y 5Y 10Y 15Y 20Y
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Performance Gap
SPX, SHOP

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SPX
SHOP
Difference
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1Y 3Y 5Y 10Y 15Y 20Y

Performance By Year
SPX, SHOP

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