Shopify Inc
NYSE:SHOP

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Shopify Inc
NYSE:SHOP
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Price: 94.45 USD -4.52%
Market Cap: 122.3B USD
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Relative Value

The Relative Value of one SHOP stock under the Base Case scenario is 30.15 USD. Compared to the current market price of 94.45 USD, Shopify Inc is Overvalued by 68%.

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
30.15 USD
Overvaluation 68%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

13.9
P/S
P/S
Price to Sales
13.9
vs History
47
vs Industry
6
Median 3Y
12.3
Median 5Y
14.2
Industry
2.3
Forward
11.2
More Details
61
P/E
P/E
Price to Earnings
61
vs History
41
vs Industry
9
Median 3Y
-12.8
Median 5Y
49.2
Industry
22.1
Forward
63.9
More Details
75.9
P/OCF
P/OCF
Price to OCF
75.9
vs History
73
vs Industry
6
Median 3Y
93.3
Median 5Y
144.7
Industry
16.7
More Details
75.4
P/FCFE
P/FCFE
Price to FCFE
75.4
vs History
68
vs Industry
8
Median 3Y
88.8
Median 5Y
109
Industry
20.9
More Details
10.6
P/B
P/B
Price to Book Value
10.6
vs History
50
vs Industry
9
Median 3Y
8.8
Median 5Y
11.1
Industry
2.8
More Details
13.8
EV/S
EV/S
Enterprise Value to Sales
13.8
vs History
47
vs Industry
7
Median 3Y
11.8
Median 5Y
13.6
Industry
2.3
Forward
10.7
More Details
26.5
EV/GP
EV/GP
Enterprise Value to Gross Profit
26.5
vs History
50
vs Industry
7
Median 3Y
23.1
Median 5Y
27.4
Industry
4.6
More Details
106.6
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
106.6
vs History
44
vs Industry
4
Median 3Y
-66.1
Median 5Y
99.8
Industry
12.2
Forward
57.6
More Details
110.1
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
110.1
vs History
39
vs Industry
4
Median 3Y
-63.2
Median 5Y
86.3
Industry
15.7
Forward
60.4
More Details
75.9
EV/OCF
EV/OCF
Enterprise Value to OCF
75.9
vs History
73
vs Industry
6
Median 3Y
89.2
Median 5Y
131.9
Industry
15.1
More Details
76.8
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
76.8
vs History
68
vs Industry
6
Median 3Y
83
Median 5Y
124.2
Industry
18.1
More Details
15.9
EV/IC
EV/IC
Enterprise Value to IC
15.9
vs History
60
vs Industry
5
Median 3Y
13.8
Median 5Y
18
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
123.9B USD 13.9 61 106.6 110.1
US
Snowflake Inc.
NYSE:SNOW
52.6B USD 14.5 -41 -39.5 -34.5
US
Cloudflare Inc
NYSE:NET
41.1B USD 24.7 -523.5 -1 500.4 -262.1
US
GoDaddy Inc
NYSE:GDDY
26.2B USD 5.8 28.1 27.1 31
US
Verisign Inc
NASDAQ:VRSN
26.2B USD 16.6 33.1 24.7 25.5
ID
DCI Indonesia Tbk PT
IDX:DCII
393.7T IDR 217.2 494.3 403.9 403.9
US
Okta Inc
NASDAQ:OKTA
19.3B USD 7.4 688.4 685.1 -271.9
US
Twilio Inc
NYSE:TWLO
14.5B USD 3.3 -133.4 79.1 -323.8
US
MongoDB Inc
NASDAQ:MDB
13.7B USD 6.9 -107.1 -57 -52.9
US
Akamai Technologies Inc
NASDAQ:AKAM
12B USD 3 23.8 9.4 18.1
IL
Wix.Com Ltd
NASDAQ:WIX
9.4B USD 5.3 67.8 63 82.5
P/S Multiple
Revenue Growth P/S to Growth
CA
Shopify Inc
NYSE:SHOP
Average P/S: 29
13.9
23%
0.6
US
Snowflake Inc.
NYSE:SNOW
14.5
24%
0.6
US
Cloudflare Inc
NYSE:NET
24.7
27%
0.9
US
GoDaddy Inc
NYSE:GDDY
5.8
8%
0.7
US
Verisign Inc
NASDAQ:VRSN
16.6
5%
3.3
ID
DCI Indonesia Tbk PT
IDX:DCII
217.2
N/A N/A
US
Okta Inc
NASDAQ:OKTA
7.4
11%
0.7
US
Twilio Inc
NYSE:TWLO
3.3
9%
0.4
US
MongoDB Inc
NASDAQ:MDB
6.9
16%
0.4
US
Akamai Technologies Inc
NASDAQ:AKAM
3
7%
0.4
IL
Wix.Com Ltd
NASDAQ:WIX
5.3
13%
0.4
P/E Multiple
Earnings Growth PEG
CA
Shopify Inc
NYSE:SHOP
Average P/E: 199.5
61
20%
3
US
Snowflake Inc.
NYSE:SNOW
Negative Multiple: -41 N/A N/A
US
Cloudflare Inc
NYSE:NET
Negative Multiple: -523.5 N/A N/A
US
GoDaddy Inc
NYSE:GDDY
28.1
12%
2.3
US
Verisign Inc
NASDAQ:VRSN
33.1
9%
3.7
ID
DCI Indonesia Tbk PT
IDX:DCII
494.3
N/A N/A
US
Okta Inc
NASDAQ:OKTA
688.4
181%
3.8
US
Twilio Inc
NYSE:TWLO
Negative Multiple: -133.4 N/A N/A
US
MongoDB Inc
NASDAQ:MDB
Negative Multiple: -107.1 N/A N/A
US
Akamai Technologies Inc
NASDAQ:AKAM
23.8
31%
0.8
IL
Wix.Com Ltd
NASDAQ:WIX
67.8
63%
1.1
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CA
Shopify Inc
NYSE:SHOP
Average EV/EBITDA: 174.9
106.6
51%
2.1
US
Snowflake Inc.
NYSE:SNOW
Negative Multiple: -39.5 N/A N/A
US
Cloudflare Inc
NYSE:NET
Negative Multiple: -1 500.4 N/A N/A
US
GoDaddy Inc
NYSE:GDDY
27.1
22%
1.2
US
Verisign Inc
NASDAQ:VRSN
24.7
7%
3.5
ID
DCI Indonesia Tbk PT
IDX:DCII
403.9
N/A N/A
US
Okta Inc
NASDAQ:OKTA
685.1
251%
2.7
US
Twilio Inc
NYSE:TWLO
79.1
102%
0.8
US
MongoDB Inc
NASDAQ:MDB
Negative Multiple: -57 N/A N/A
US
Akamai Technologies Inc
NASDAQ:AKAM
9.4
14%
0.7
IL
Wix.Com Ltd
NASDAQ:WIX
63
77%
0.8
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CA
Shopify Inc
NYSE:SHOP
Average EV/EBIT: 111.9
110.1
48%
2.3
US
Snowflake Inc.
NYSE:SNOW
Negative Multiple: -34.5 N/A N/A
US
Cloudflare Inc
NYSE:NET
Negative Multiple: -262.1 N/A N/A
US
GoDaddy Inc
NYSE:GDDY
31
19%
1.6
US
Verisign Inc
NASDAQ:VRSN
25.5
5%
5.1
ID
DCI Indonesia Tbk PT
IDX:DCII
403.9
N/A N/A
US
Okta Inc
NASDAQ:OKTA
Negative Multiple: -271.9 N/A N/A
US
Twilio Inc
NYSE:TWLO
Negative Multiple: -323.8 N/A N/A
US
MongoDB Inc
NASDAQ:MDB
Negative Multiple: -52.9 N/A N/A
US
Akamai Technologies Inc
NASDAQ:AKAM
18.1
25%
0.7
IL
Wix.Com Ltd
NASDAQ:WIX
82.5
90%
0.9

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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