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Shopify Inc
NYSE:SHOP

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Shopify Inc
NYSE:SHOP
Watchlist
Price: 73.29 USD -0.97%
Updated: Apr 24, 2024
Section:
 

Relative Value

The Relative Value of one SHOP stock under the Base Case scenario is 20.28 USD. Compared to the current market price of 73.29 USD, Shopify Inc is Overvalued by 72%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

SHOP Relative Value
Base Case
20.28 USD
Overvaluation 72%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

13.6
P/S
P/S
Price to Sales
13.6
vs History
71
vs Industry
7
Median 3Y
13.7
Median 5Y
25.5
Industry
2.2
Forward
10.9
More Details
715.9
P/E
P/E
Price to Earnings
715.9
vs History
6
vs Industry
1
Median 3Y
38.9
Median 5Y
-18.5
Industry
24
Forward
71.5
More Details
100.3
P/OCF
P/OCF
Price to OCF
100.3
vs History
80
vs Industry
5
Median 3Y
211.5
Median 5Y
316.9
Industry
16.9
More Details
105.7
P/FCFE
P/FCFE
Price to FCFE
105.7
vs History
63
vs Industry
7
Median 3Y
160.2
Median 5Y
124.3
Industry
21.5
More Details
10.4
P/B
P/B
Price to Book Value
10.4
vs History
66
vs Industry
10
Median 3Y
10.2
Median 5Y
12.9
Industry
2.7
More Details
12.9
EV/S
EV/S
Enterprise Value to Sales
12.9
vs History
71
vs Industry
8
Median 3Y
13.1
Median 5Y
23.6
Industry
2.2
Forward
10.5
More Details
25.9
EV/GP
EV/GP
Enterprise Value to Gross Profit
25.9
vs History
73
vs Industry
7
Median 3Y
26.9
Median 5Y
42.9
Industry
4.7
More Details
Negative
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
N/A
vs History
vs Industry
Median 3Y
-72.9
Median 5Y
-95.4
Industry
13
Forward
67.5
More Details
Negative
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
N/A
vs History
vs Industry
Median 3Y
-62.6
Median 5Y
-82.7
Industry
16.5
Forward
71.1
More Details
96.5
EV/OCF
EV/OCF
Enterprise Value to OCF
96.5
vs History
80
vs Industry
6
Median 3Y
198.7
Median 5Y
303.4
Industry
15.3
More Details
100.7
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
100.7
vs History
65
vs Industry
5
Median 3Y
150.6
Median 5Y
207.5
Industry
18.1
More Details
16
EV/IC
EV/IC
Enterprise Value to IC
16
vs History
71
vs Industry
6
Median 3Y
16.6
Median 5Y
29.8
Industry
2.3
More Details

Multiples Across Competitors

SHOP Competitors Multiples
Shopify Inc Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
CA
Shopify Inc
NYSE:SHOP
95.2B USD 13.6 715.9 -11 390.9 -1 168.3
US
Snowflake Inc.
NYSE:SNOW
50.5B USD 18.4 -60.4 -47.9 -42.7
US
Cloudflare Inc
NYSE:NET
29.7B USD 23.1 -161.3 -589.4 -157.8
US
MongoDB Inc
NASDAQ:MDB
26.6B USD 15.9 -150.9 -122.4 -110.4
US
Verisign Inc
NASDAQ:VRSN
18.8B USD 12.6 22.9 18.8 19.6
US
GoDaddy Inc
NYSE:GDDY
17.6B USD 4.1 12.8 25.8 32.7
US
Okta Inc
NASDAQ:OKTA
15.8B USD 7 -44.4 -39.2 -32
US
Akamai Technologies Inc
NASDAQ:AKAM
15.4B USD 4 28.1 13.6 23.8
US
Twilio Inc
NYSE:TWLO
11B USD 2.7 -10.8 -75.2 -20.4
US
Switch Inc
NYSE:SWCH
8.4B USD 12.6 22.1 34.7 109.5
IL
Wix.Com Ltd
NASDAQ:WIX
7.1B USD 4.6 215.6 194.6 819.8
P/E Multiple
Earnings Growth
CA
Shopify Inc
NYSE:SHOP
Average P/E: 169.6
715.9
1 589%
US
Snowflake Inc.
NYSE:SNOW
Negative Multiple: -60.4 N/A
US
Cloudflare Inc
NYSE:NET
Negative Multiple: -161.3 N/A
US
MongoDB Inc
NASDAQ:MDB
Negative Multiple: -150.9 N/A
US
Verisign Inc
NASDAQ:VRSN
22.9
20%
US
GoDaddy Inc
NYSE:GDDY
12.8
-19%
US
Okta Inc
NASDAQ:OKTA
Negative Multiple: -44.4 N/A
US
Akamai Technologies Inc
NASDAQ:AKAM
28.1
124%
US
Twilio Inc
NYSE:TWLO
Negative Multiple: -10.8 N/A
US
Switch Inc
NYSE:SWCH
22.1
N/A
IL
Wix.Com Ltd
NASDAQ:WIX
215.6
1 224%
EV/EBITDA Multiple
EBITDA Growth
CA
Shopify Inc
NYSE:SHOP
Average EV/EBITDA: 57.5
Negative Multiple: -11 390.9 		N/A
US
Snowflake Inc.
NYSE:SNOW
Negative Multiple: -47.9 N/A
US
Cloudflare Inc
NYSE:NET
Negative Multiple: -589.4 N/A
US
MongoDB Inc
NASDAQ:MDB
Negative Multiple: -122.4 N/A
US
Verisign Inc
NASDAQ:VRSN
18.8
21%
US
GoDaddy Inc
NYSE:GDDY
25.8
116%
US
Okta Inc
NASDAQ:OKTA
Negative Multiple: -39.2 N/A
US
Akamai Technologies Inc
NASDAQ:AKAM
13.6
55%
US
Twilio Inc
NYSE:TWLO
Negative Multiple: -75.2 N/A
US
Switch Inc
NYSE:SWCH
34.7
N/A
IL
Wix.Com Ltd
NASDAQ:WIX
194.6
1 566%
EV/EBIT Multiple
EBIT Growth
CA
Shopify Inc
NYSE:SHOP
Average EV/EBIT: 201.1
Negative Multiple: -1 168.3 		N/A
US
Snowflake Inc.
NYSE:SNOW
Negative Multiple: -42.7 N/A
US
Cloudflare Inc
NYSE:NET
Negative Multiple: -157.8 N/A
US
MongoDB Inc
NASDAQ:MDB
Negative Multiple: -110.4 N/A
US
Verisign Inc
NASDAQ:VRSN
19.6
18%
US
GoDaddy Inc
NYSE:GDDY
32.7
109%
US
Okta Inc
NASDAQ:OKTA
Negative Multiple: -32 N/A
US
Akamai Technologies Inc
NASDAQ:AKAM
23.8
103%
US
Twilio Inc
NYSE:TWLO
Negative Multiple: -20.4 N/A
US
Switch Inc
NYSE:SWCH
109.5
N/A
IL
Wix.Com Ltd
NASDAQ:WIX
819.8
6 560%

See Also

Summary
SHOP intrinsic value, competitors valuation, and company profile.
DCF Valuation
SHOP stock valuation using Discount Cash Flow valuation method.
Relative Valuation
SHOP stock valuation using valuation multiples.
Wall Street Estimates
SHOP price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
SHOP stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
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