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Shopify Inc
NYSE:SHOP

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Shopify Inc
NYSE:SHOP
Watchlist
Price: 67.66 USD 4.59% Market Closed
Updated: Jun 17, 2024
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Relative Value

The Relative Value of one SHOP stock under the Base Case scenario is 20.45 USD. Compared to the current market price of 67.66 USD, Shopify Inc is Overvalued by 70%.

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
20.45 USD
Overvaluation 70%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
73
vs Industry
9
Median 3Y
13.1
Median 5Y
25.5
Industry
2.3
Forward
10
vs History
vs Industry
1
Median 3Y
-13.8
Median 5Y
-20.9
Industry
23.7
Forward
67.2
vs History
82
vs Industry
7
Median 3Y
208.6
Median 5Y
305
Industry
17.2
vs History
69
vs Industry
7
Median 3Y
146.4
Median 5Y
124.3
Industry
22.2
vs History
68
vs Industry
10
Median 3Y
9.4
Median 5Y
12.9
Industry
2.7
vs History
73
vs Industry
10
Median 3Y
12.5
Median 5Y
23.6
Industry
2.2
Forward
9.5
vs History
73
vs Industry
9
Median 3Y
25.7
Median 5Y
42.9
Industry
4.7
vs History
vs Industry
Median 3Y
-72.9
Median 5Y
-86.1
Industry
13.4
Forward
66.4
vs History
vs Industry
Median 3Y
-65
Median 5Y
-77.2
Industry
16.8
Forward
69.7
vs History
82
vs Industry
7
Median 3Y
197.8
Median 5Y
292.5
Industry
15.8
vs History
69
vs Industry
7
Median 3Y
128.5
Median 5Y
207.5
Industry
18.7
vs History
69
vs Industry
6
Median 3Y
16.2
Median 5Y
28.4
Industry
2.3

Multiples Across Competitors

SHOP Competitors Multiples
Shopify Inc Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
CA
Shopify Inc
NYSE:SHOP
87.2B USD 11.8 -419 -76.2 -72.8
US
Snowflake Inc.
NYSE:SNOW
42.6B USD 14.1 -45.9 -37.9 -33.4
US
Cloudflare Inc
NYSE:NET
25.7B USD 18.5 -141.6 -232.4 -103.9
US
GoDaddy Inc
NYSE:GDDY
19.6B USD 4.5 11.3 26 31.9
US
Verisign Inc
NASDAQ:VRSN
18B USD 11.9 21.7 17.8 18.6
US
MongoDB Inc
NASDAQ:MDB
16.7B USD 9.4 -82 -65.7 -59.8
US
Okta Inc
NASDAQ:OKTA
15B USD 6.4 -54.4 -50.6 -39.2
US
Akamai Technologies Inc
NASDAQ:AKAM
13.6B USD 3.5 21.7 11.5 20.6
US
Twilio Inc
NYSE:TWLO
9.6B USD 2.3 -13.2 -182.8 -22.4
IL
Wix.Com Ltd
NASDAQ:WIX
9.1B USD 5.7 134.8 163.2 339.6
US
Switch Inc
NYSE:SWCH
8.4B USD 12.6 22.1 34.7 109.5
P/E Multiple
Earnings Growth
CA
Shopify Inc
NYSE:SHOP
Average P/E: 42.3
Negative Multiple: -419
1 550%
US
Snowflake Inc.
NYSE:SNOW
Negative Multiple: -45.9 N/A
US
Cloudflare Inc
NYSE:NET
Negative Multiple: -141.6 N/A
US
GoDaddy Inc
NYSE:GDDY
11.3
-14%
US
Verisign Inc
NASDAQ:VRSN
21.7
16%
US
MongoDB Inc
NASDAQ:MDB
Negative Multiple: -82 N/A
US
Okta Inc
NASDAQ:OKTA
Negative Multiple: -54.4 N/A
US
Akamai Technologies Inc
NASDAQ:AKAM
21.7
115%
US
Twilio Inc
NYSE:TWLO
Negative Multiple: -13.2 N/A
IL
Wix.Com Ltd
NASDAQ:WIX
134.8
1 278%
US
Switch Inc
NYSE:SWCH
22.1
N/A
EV/EBITDA Multiple
EBITDA Growth
CA
Shopify Inc
NYSE:SHOP
Average EV/EBITDA: 50.7
Negative Multiple: -76.2
N/A
US
Snowflake Inc.
NYSE:SNOW
Negative Multiple: -37.9 N/A
US
Cloudflare Inc
NYSE:NET
Negative Multiple: -232.4 N/A
US
GoDaddy Inc
NYSE:GDDY
26
118%
US
Verisign Inc
NASDAQ:VRSN
17.8
26%
US
MongoDB Inc
NASDAQ:MDB
Negative Multiple: -65.7 N/A
US
Okta Inc
NASDAQ:OKTA
Negative Multiple: -50.6 N/A
US
Akamai Technologies Inc
NASDAQ:AKAM
11.5
54%
US
Twilio Inc
NYSE:TWLO
Negative Multiple: -182.8 N/A
IL
Wix.Com Ltd
NASDAQ:WIX
163.2
1 566%
US
Switch Inc
NYSE:SWCH
34.7
N/A
EV/EBIT Multiple
EBIT Growth
CA
Shopify Inc
NYSE:SHOP
Average EV/EBIT: 104
Negative Multiple: -72.8
N/A
US
Snowflake Inc.
NYSE:SNOW
Negative Multiple: -33.4 N/A
US
Cloudflare Inc
NYSE:NET
Negative Multiple: -103.9 N/A
US
GoDaddy Inc
NYSE:GDDY
31.9
102%
US
Verisign Inc
NASDAQ:VRSN
18.6
17%
US
MongoDB Inc
NASDAQ:MDB
Negative Multiple: -59.8 N/A
US
Okta Inc
NASDAQ:OKTA
Negative Multiple: -39.2 N/A
US
Akamai Technologies Inc
NASDAQ:AKAM
20.6
90%
US
Twilio Inc
NYSE:TWLO
Negative Multiple: -22.4 N/A
IL
Wix.Com Ltd
NASDAQ:WIX
339.6
6 560%
US
Switch Inc
NYSE:SWCH
109.5
N/A

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