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Shopify Inc
NYSE:SHOP

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Shopify Inc
NYSE:SHOP
Watchlist
Price: 59.94 USD 0.84% Market Closed
Updated: Jul 27, 2024
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Relative Value

The Relative Value of one SHOP stock under the Base Case scenario is 20.6 USD. Compared to the current market price of 59.94 USD, Shopify Inc is Overvalued by 66%.

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
20.6 USD
Overvaluation 66%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
79
vs Industry
10
Median 3Y
12.6
Median 5Y
25.5
Industry
2.3
Forward
8.9
vs History
vs Industry
1
Median 3Y
-14.8
Median 5Y
-20.9
Industry
23.6
Forward
59.6
vs History
82
vs Industry
7
Median 3Y
144.7
Median 5Y
296
Industry
17.2
vs History
71
vs Industry
8
Median 3Y
134.5
Median 5Y
124.3
Industry
22.3
vs History
69
vs Industry
11
Median 3Y
8.8
Median 5Y
12.8
Industry
2.7
vs History
77
vs Industry
11
Median 3Y
11.9
Median 5Y
23.6
Industry
2.2
Forward
8.4
vs History
80
vs Industry
10
Median 3Y
24.8
Median 5Y
42.9
Industry
4.7
vs History
vs Industry
Median 3Y
-72.9
Median 5Y
-85.9
Industry
13.3
Forward
59.2
vs History
vs Industry
Median 3Y
-65
Median 5Y
-76.5
Industry
16.9
Forward
61.9
vs History
82
vs Industry
7
Median 3Y
131.9
Median 5Y
283.2
Industry
15.5
vs History
71
vs Industry
8
Median 3Y
124.2
Median 5Y
207.5
Industry
19
vs History
71
vs Industry
6
Median 3Y
14.8
Median 5Y
26.2
Industry
2.4

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
77.2B USD 10.4 -371.2 -67.1 -64.1
US
Snowflake Inc.
NYSE:SNOW
43.2B USD 14.3 -46.6 -38.5 -34
US
Cloudflare Inc
NYSE:NET
26.5B USD 19.1 -146.2 -239.7 -107.1
US
GoDaddy Inc
NYSE:GDDY
20.4B USD 4.7 11.8 27 33
US
MongoDB Inc
NASDAQ:MDB
18.6B USD 10.5 -91.6 -73.7 -67.1
US
Verisign Inc
NASDAQ:VRSN
18.3B USD 12.2 22.1 18.1 18.9
US
Okta Inc
NASDAQ:OKTA
15.6B USD 6.6 -56.7 -52.8 -40.8
US
Akamai Technologies Inc
NASDAQ:AKAM
14.7B USD 3.8 23.6 12.4 22.1
US
Twilio Inc
NYSE:TWLO
10.4B USD 2.5 -14.3 -204.2 -25
IL
Wix.Com Ltd
NASDAQ:WIX
8.7B USD 5.4 128.4 155.7 323.8
US
Switch Inc
F:821
7.7B EUR 12.6 22.2 34.7 109.6
P/E Multiple
Earnings Growth
CA
Shopify Inc
NYSE:SHOP
Average P/E: 41.6
Negative Multiple: -371.2
1 548%
US
Snowflake Inc.
NYSE:SNOW
Negative Multiple: -46.6 N/A
US
Cloudflare Inc
NYSE:NET
Negative Multiple: -146.2 N/A
US
GoDaddy Inc
NYSE:GDDY
11.8
-14%
US
MongoDB Inc
NASDAQ:MDB
Negative Multiple: -91.6 N/A
US
Verisign Inc
NASDAQ:VRSN
22.1
16%
US
Okta Inc
NASDAQ:OKTA
Negative Multiple: -56.7 N/A
US
Akamai Technologies Inc
NASDAQ:AKAM
23.6
115%
US
Twilio Inc
NYSE:TWLO
Negative Multiple: -14.3 N/A
IL
Wix.Com Ltd
NASDAQ:WIX
128.4
1 282%
US
S
Switch Inc
F:821
22.2
N/A
EV/EBITDA Multiple
EBITDA Growth
CA
Shopify Inc
NYSE:SHOP
Average EV/EBITDA: 49.6
Negative Multiple: -67.1
N/A
US
Snowflake Inc.
NYSE:SNOW
Negative Multiple: -38.5 N/A
US
Cloudflare Inc
NYSE:NET
Negative Multiple: -239.7 N/A
US
GoDaddy Inc
NYSE:GDDY
27
118%
US
MongoDB Inc
NASDAQ:MDB
Negative Multiple: -73.7 N/A
US
Verisign Inc
NASDAQ:VRSN
18.1
23%
US
Okta Inc
NASDAQ:OKTA
Negative Multiple: -52.8 N/A
US
Akamai Technologies Inc
NASDAQ:AKAM
12.4
54%
US
Twilio Inc
NYSE:TWLO
Negative Multiple: -204.2 N/A
IL
Wix.Com Ltd
NASDAQ:WIX
155.7
1 615%
US
S
Switch Inc
F:821
34.7
N/A
EV/EBIT Multiple
EBIT Growth
CA
Shopify Inc
NYSE:SHOP
Average EV/EBIT: 101.5
Negative Multiple: -64.1
N/A
US
Snowflake Inc.
NYSE:SNOW
Negative Multiple: -34 N/A
US
Cloudflare Inc
NYSE:NET
Negative Multiple: -107.1 N/A
US
GoDaddy Inc
NYSE:GDDY
33
107%
US
MongoDB Inc
NASDAQ:MDB
Negative Multiple: -67.1 N/A
US
Verisign Inc
NASDAQ:VRSN
18.9
18%
US
Okta Inc
NASDAQ:OKTA
Negative Multiple: -40.8 N/A
US
Akamai Technologies Inc
NASDAQ:AKAM
22.1
87%
US
Twilio Inc
NYSE:TWLO
Negative Multiple: -25 N/A
IL
Wix.Com Ltd
NASDAQ:WIX
323.8
6 754%
US
S
Switch Inc
F:821
109.6
N/A

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