` Comparison: 4494 vs SHOP - Alpha Spread
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4494
vs
SHOP

Over the past 12 months, Vario Secure Inc has underperformed SHOP, delivering a return of +26% compared to the SHOP's +30% growth.

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4494
SHOP
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4494 SHOP
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Valuation Comparison

Intrinsic Value
1 147.43 JPY
Undervaluation 34%
Intrinsic Value
Price
SHOP Intrinsic Value
53.995 USD
Overvaluation 59%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Vario Secure Inc
TSE:4494
763 JPY
Shopify Inc
NASDAQ:SHOP
133.035 USD
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Growth Comparison

Growth Over Time
4494, SHOP

4494
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
Vario Secure 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
4494, SHOP

4494
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
Vario Secure Inc
TSE:4494
Shopify Inc
NASDAQ:SHOP
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What is Free Cash Flow?

Gross Margin

Vario Secure Inc
51.6%
SHOP
48.1%
LTM 3Y Avg 5Y Avg 10Y Avg
Vario Secure Inc
Shopify Inc

Operating Margin

Vario Secure Inc
19.3%
SHOP
12.8%
LTM 3Y Avg 5Y Avg 10Y Avg
Vario Secure Inc
Shopify Inc

Net Margin

Vario Secure Inc
13.4%
SHOP
10.7%
LTM 3Y Avg 5Y Avg 10Y Avg
Vario Secure Inc
Shopify Inc

FCF Margin

Vario Secure Inc
14.5%
SHOP
17.4%
LTM 3Y Avg 5Y Avg 10Y Avg
Vario Secure Inc
Shopify Inc

ROE

Vario Secure Inc
6.2%
SHOP
9.8%
LTM 3Y Avg 5Y Avg 10Y Avg
Vario Secure Inc
Shopify Inc

ROA

Vario Secure Inc
4.9%
SHOP
8.5%
LTM 3Y Avg 5Y Avg 10Y Avg
Vario Secure Inc
Shopify Inc

ROIC

Vario Secure Inc
5.7%
SHOP
15.1%
LTM 3Y Avg 5Y Avg 10Y Avg
Vario Secure Inc
Shopify Inc

ROCE

Vario Secure Inc
7.6%
SHOP
11.5%
LTM 3Y Avg 5Y Avg 10Y Avg
Vario Secure Inc
Shopify Inc

Solvency Comparison

Vario Secure Inc
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
4494, SHOP

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1Y 3Y 5Y 10Y 15Y 20Y
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Performance Gap
4494, SHOP

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4494
SHOP
Difference
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1Y 3Y 5Y 10Y 15Y 20Y

Performance By Year
4494, SHOP

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SHOP
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