` Comparison: 3984, SHOP - Alpha Spread

3984
vs
SHOP

Over the past 12 months, User Local Inc has underperformed SHOP, delivering a return of +2% compared to the SHOP's +40% growth.

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3984
SHOP
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3984 SHOP
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Valuation Comparison

Intrinsic Value
1 885.92 JPY
Overvaluation 4%
Intrinsic Value
Price
SHOP Intrinsic Value
35.18 USD
Overvaluation 78%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
User Local Inc
TSE:3984
1 972 JPY
Shopify Inc
NYSE:SHOP
158.41 USD
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Growth Comparison

Growth Over Time
3984, SHOP

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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
User Local 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
3984, SHOP

3984
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
User Local Inc
TSE:3984
Shopify Inc
NYSE:SHOP
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What is Free Cash Flow?

Gross Margin

User Local Inc
90%
SHOP
48.8%
LTM 3Y Avg 5Y Avg 10Y Avg
User Local Inc
Shopify Inc

Operating Margin

User Local Inc
43.6%
SHOP
12.3%
LTM 3Y Avg 5Y Avg 10Y Avg
User Local Inc
Shopify Inc

Net Margin

User Local Inc
31.6%
SHOP
16.7%
LTM 3Y Avg 5Y Avg 10Y Avg
User Local Inc
Shopify Inc

FCF Margin

User Local Inc
32.3%
SHOP
17.8%
LTM 3Y Avg 5Y Avg 10Y Avg
User Local Inc
Shopify Inc

ROE

User Local Inc
18.1%
SHOP
15.7%
LTM 3Y Avg 5Y Avg 10Y Avg
User Local Inc
Shopify Inc

ROA

User Local Inc
16.2%
SHOP
13%
LTM 3Y Avg 5Y Avg 10Y Avg
User Local Inc
Shopify Inc

ROIC

User Local Inc
127.7%
SHOP
15.8%
LTM 3Y Avg 5Y Avg 10Y Avg
User Local Inc
Shopify Inc

ROCE

User Local Inc
24.9%
SHOP
10.9%
LTM 3Y Avg 5Y Avg 10Y Avg
User Local Inc
Shopify Inc

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
3984, SHOP

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3984
SHOP
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Performance Gap
3984, SHOP

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3984
SHOP
Difference
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1Y 3Y 5Y 10Y 15Y 20Y

Performance By Year
3984, SHOP

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SHOP
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