` Comparison: BLZE, SHOP - Alpha Spread

BLZE
vs
SHOP

Over the past 12 months, BLZE has underperformed SHOP, delivering a return of -31% compared to the SHOP's +36% growth.

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BLZE
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Stocks Compared:
BLZE SHOP
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Valuation Comparison

BLZE Intrinsic Value
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SHOP Intrinsic Value
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Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Backblaze Inc
NASDAQ:BLZE
5 USD
Shopify Inc
NYSE:SHOP
159.89 USD
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Valuation Scenario:
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Growth Comparison

Growth Over Time
BLZE, SHOP

BLZE
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
Backblaze Inc
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
BLZE, SHOP

BLZE
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
Backblaze Inc
NASDAQ:BLZE
Shopify Inc
NYSE:SHOP
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What is Free Cash Flow?

Gross Margin

BLZE
59.1%
SHOP
48.8%
LTM 3Y Avg 5Y Avg 10Y Avg
Backblaze Inc
Shopify Inc

Operating Margin

BLZE
-23.1%
SHOP
12.3%
LTM 3Y Avg 5Y Avg 10Y Avg
Backblaze Inc
Shopify Inc

Net Margin

BLZE
-24.4%
SHOP
16.7%
LTM 3Y Avg 5Y Avg 10Y Avg
Backblaze Inc
Shopify Inc

FCF Margin

BLZE
2.2%
SHOP
17.8%
LTM 3Y Avg 5Y Avg 10Y Avg
Backblaze Inc
Shopify Inc

ROE

BLZE
-55%
SHOP
15.7%
LTM 3Y Avg 5Y Avg 10Y Avg
Backblaze Inc
Shopify Inc

ROA

BLZE
-21.1%
SHOP
13%
LTM 3Y Avg 5Y Avg 10Y Avg
Backblaze Inc
Shopify Inc

ROIC

BLZE
-26.7%
SHOP
15.8%
LTM 3Y Avg 5Y Avg 10Y Avg
Backblaze Inc
Shopify Inc

ROCE

BLZE
-31.3%
SHOP
10.9%
LTM 3Y Avg 5Y Avg 10Y Avg
Backblaze Inc
Shopify Inc

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
BLZE, SHOP

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SHOP
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Performance Gap
BLZE, SHOP

Performance Gap Between BLZE and SHOP
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Performance By Year
BLZE, SHOP

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BLZE
SHOP
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