Shopify Inc
NYSE:SHOP

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Shopify Inc Logo
Shopify Inc
NYSE:SHOP
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Price: 161.08 USD -0.76% Market Closed
Market Cap: 209.7B USD
Section:
 

Relative Value

The Relative Value of one SHOP stock under the Base Case scenario is 30.98 USD. Compared to the current market price of 161.08 USD, Shopify Inc is Overvalued by 81%.

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
30.98 USD
Overvaluation 81%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

19.6
P/S
P/S
Price to Sales
19.6
vs History
26
vs Industry
6
Median 3Y
13.5
Median 5Y
14.2
Industry
2.4
Forward
17.9
More Details
117.7
P/E
P/E
Price to Earnings
117.7
vs History
19
vs Industry
9
Median 3Y
65.4
Median 5Y
68
Industry
22.4
Forward
109.1
More Details
109
P/OCF
P/OCF
Price to OCF
109
vs History
49
vs Industry
6
Median 3Y
89.7
Median 5Y
109.8
Industry
16.1
More Details
110.1
P/FCFE
P/FCFE
Price to FCFE
110.1
vs History
39
vs Industry
8
Median 3Y
86.2
Median 5Y
104.3
Industry
20.7
More Details
16.8
P/B
P/B
Price to Book Value
16.8
vs History
12
vs Industry
9
Median 3Y
11.1
Median 5Y
11.4
Industry
3
More Details
19
EV/S
EV/S
Enterprise Value to Sales
19
vs History
26
vs Industry
7
Median 3Y
12.9
Median 5Y
13.6
Industry
2.4
Forward
17.4
More Details
39
EV/GP
EV/GP
Enterprise Value to Gross Profit
39
vs History
26
vs Industry
7
Median 3Y
25.9
Median 5Y
27.4
Industry
4.8
More Details
150.9
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
150.9
vs History
39
vs Industry
4
Median 3Y
98.1
Median 5Y
119
Industry
12.2
Forward
102.2
More Details
154.6
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
154.6
vs History
34
vs Industry
4
Median 3Y
-61.6
Median 5Y
112.3
Industry
15.9
Forward
105.2
More Details
105.7
EV/OCF
EV/OCF
Enterprise Value to OCF
105.7
vs History
49
vs Industry
6
Median 3Y
86.3
Median 5Y
106.5
Industry
14.7
More Details
106.8
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
106.8
vs History
44
vs Industry
6
Median 3Y
82.2
Median 5Y
104.4
Industry
17
More Details
26.3
EV/IC
EV/IC
Enterprise Value to IC
26.3
vs History
23
vs Industry
5
Median 3Y
16.8
Median 5Y
18
Industry
2.4
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
209.6B USD 19.6 117.7 150.9 154.6
US
Snowflake Inc.
NYSE:SNOW
77.5B USD 17.7 -57.4 -64.2 -54.5
US
Cloudflare Inc
NYSE:NET
70.4B USD 35 -682 -4 420.6 -361.1
ID
DCI Indonesia Tbk PT
IDX:DCII
572T IDR 217.3 488.1 406.9 406.9
US
MongoDB Inc
NASDAQ:MDB
33B USD 14.2 -465.7 -236.6 -197.4
US
Verisign Inc
NASDAQ:VRSN
23.2B USD 14.3 28.6 21.5 22.1
US
Twilio Inc
NYSE:TWLO
19.4B USD 4 288 58.2 163.3
US
GoDaddy Inc
NYSE:GDDY
17.4B USD 3.6 21 16.8 18.7
US
Okta Inc
NASDAQ:OKTA
15.2B USD 5.4 78.1 58.5 104.6
US
Akamai Technologies Inc
NASDAQ:AKAM
12B USD 2.9 23.7 11.3 23.5
US
Switch Inc
F:821
7.7B EUR 13.5 23.8 36.8 116.1
P/S Multiple
Revenue Growth P/S to Growth
CA
Shopify Inc
NYSE:SHOP
Average P/S: 31.6
19.6
25%
0.8
US
Snowflake Inc.
NYSE:SNOW
17.7
26%
0.7
US
Cloudflare Inc
NYSE:NET
35
28%
1.2
ID
DCI Indonesia Tbk PT
IDX:DCII
217.3
N/A N/A
US
MongoDB Inc
NASDAQ:MDB
14.2
18%
0.8
US
Verisign Inc
NASDAQ:VRSN
14.3
6%
2.4
US
Twilio Inc
NYSE:TWLO
4
10%
0.4
US
GoDaddy Inc
NYSE:GDDY
3.6
8%
0.4
US
Okta Inc
NASDAQ:OKTA
5.4
11%
0.5
US
Akamai Technologies Inc
NASDAQ:AKAM
2.9
6%
0.5
US
S
Switch Inc
F:821
13.5
N/A N/A
P/E Multiple
Earnings Growth PEG
CA
Shopify Inc
NYSE:SHOP
Average P/E: 133.6
117.7
14%
8.4
US
Snowflake Inc.
NYSE:SNOW
Negative Multiple: -57.4 N/A N/A
US
Cloudflare Inc
NYSE:NET
Negative Multiple: -682 N/A N/A
ID
DCI Indonesia Tbk PT
IDX:DCII
488.1
N/A N/A
US
MongoDB Inc
NASDAQ:MDB
Negative Multiple: -465.7 N/A N/A
US
Verisign Inc
NASDAQ:VRSN
28.6
7%
4.1
US
Twilio Inc
NYSE:TWLO
288
N/A N/A
US
GoDaddy Inc
NYSE:GDDY
21
11%
1.9
US
Okta Inc
NASDAQ:OKTA
78.1
197%
0.4
US
Akamai Technologies Inc
NASDAQ:AKAM
23.7
33%
0.7
US
S
Switch Inc
F:821
23.8
N/A N/A
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CA
Shopify Inc
NYSE:SHOP
Average EV/EBITDA: 95.1
150.9
46%
3.3
US
Snowflake Inc.
NYSE:SNOW
Negative Multiple: -64.2 N/A N/A
US
Cloudflare Inc
NYSE:NET
Negative Multiple: -4 420.6 N/A N/A
ID
DCI Indonesia Tbk PT
IDX:DCII
406.9
N/A N/A
US
MongoDB Inc
NASDAQ:MDB
Negative Multiple: -236.6 N/A N/A
US
Verisign Inc
NASDAQ:VRSN
21.5
8%
2.7
US
Twilio Inc
NYSE:TWLO
58.2
104%
0.6
US
GoDaddy Inc
NYSE:GDDY
16.8
22%
0.8
US
Okta Inc
NASDAQ:OKTA
58.5
246%
0.2
US
Akamai Technologies Inc
NASDAQ:AKAM
11.3
16%
0.7
US
S
Switch Inc
F:821
36.8
N/A N/A
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CA
Shopify Inc
NYSE:SHOP
Average EV/EBIT: 126.2
154.6
45%
3.4
US
Snowflake Inc.
NYSE:SNOW
Negative Multiple: -54.5 N/A N/A
US
Cloudflare Inc
NYSE:NET
Negative Multiple: -361.1 N/A N/A
ID
DCI Indonesia Tbk PT
IDX:DCII
406.9
N/A N/A
US
MongoDB Inc
NASDAQ:MDB
Negative Multiple: -197.4 N/A N/A
US
Verisign Inc
NASDAQ:VRSN
22.1
6%
3.7
US
Twilio Inc
NYSE:TWLO
163.3
N/A N/A
US
GoDaddy Inc
NYSE:GDDY
18.7
21%
0.9
US
Okta Inc
NASDAQ:OKTA
104.6
N/A N/A
US
Akamai Technologies Inc
NASDAQ:AKAM
23.5
26%
0.9
US
S
Switch Inc
F:821
116.1
N/A N/A

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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