Shopify Inc
NYSE:SHOP

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Shopify Inc Logo
Shopify Inc
NYSE:SHOP
Watchlist
Price: 110.75 USD 0.49% Market Closed
Market Cap: 143.6B USD
Section:
Relative Value
Relative Value
Valuation Multiples
Multiples Across Competitors
See Also

Relative Value

The Relative Value of one SHOP stock under the Base Case scenario is 31.37 USD. Compared to the current market price of 110.75 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
31.37 USD
Overvaluation 72%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

15.3
P/S
P/S
Price to Sales
15.3
vs History
46
vs Industry
6
Median 3Y
12.3
Median 5Y
14.2
Industry
2.4
Forward
12.9
More Details
89.2
P/E
P/E
Price to Earnings
89.2
vs History
20
vs Industry
9
Median 3Y
-12.8
Median 5Y
51.5
Industry
22.6
Forward
77.2
More Details
82.3
P/OCF
P/OCF
Price to OCF
82.3
vs History
71
vs Industry
6
Median 3Y
93.1
Median 5Y
144.8
Industry
16.9
More Details
83.1
P/FCFE
P/FCFE
Price to FCFE
83.1
vs History
66
vs Industry
8
Median 3Y
86.3
Median 5Y
108.7
Industry
21.6
More Details
13
P/B
P/B
Price to Book Value
13
vs History
38
vs Industry
9
Median 3Y
9.1
Median 5Y
11.4
Industry
2.9
More Details
14.7
EV/S
EV/S
Enterprise Value to Sales
14.7
vs History
46
vs Industry
7
Median 3Y
11.8
Median 5Y
13.6
Industry
2.4
Forward
12.4
More Details
29.5
EV/GP
EV/GP
Enterprise Value to Gross Profit
29.5
vs History
44
vs Industry
7
Median 3Y
23.1
Median 5Y
27.4
Industry
4.9
More Details
112.7
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
112.7
vs History
44
vs Industry
4
Median 3Y
-66.1
Median 5Y
103.9
Industry
12.5
Forward
67.3
More Details
115.9
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
115.9
vs History
41
vs Industry
4
Median 3Y
-63.2
Median 5Y
100.9
Industry
16
Forward
70.8
More Details
79.2
EV/OCF
EV/OCF
Enterprise Value to OCF
79.2
vs History
69
vs Industry
6
Median 3Y
87.9
Median 5Y
132
Industry
15.5
More Details
79.9
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
79.9
vs History
66
vs Industry
6
Median 3Y
82.8
Median 5Y
106.2
Industry
18.8
More Details
19.4
EV/IC
EV/IC
Enterprise Value to IC
19.4
vs History
39
vs Industry
5
Median 3Y
14.3
Median 5Y
18.1
Industry
2.4
More Details

Multiples Across Competitors

SHOP Competitors Multiples
Shopify Inc Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
Market Cap P/S P/E EV/EBITDA EV/EBIT
CA
Shopify Inc
NYSE:SHOP
143.7B USD 15.3 89.2 112.7 115.9
US
Snowflake Inc.
NYSE:SNOW
61.1B USD 16.9 -47.5 -46.1 -40.4
US
Cloudflare Inc
NYSE:NET
54.5B USD 30.8 -666.6 -3 947.2 -350.9
US
GoDaddy Inc
NYSE:GDDY
27.1B USD 5.8 35.9 27.1 30.6
US
Verisign Inc
NASDAQ:VRSN
26.6B USD 16.9 33.7 25.1 26
ID
DCI Indonesia Tbk PT
IDX:DCII
376.8T IDR 168.8 351.2 292.4 292.4
US
Okta Inc
NASDAQ:OKTA
22.1B USD 8.5 788.6 796.3 -316
US
Twilio Inc
NYSE:TWLO
17.8B USD 3.9 -523.8 79.1 3 514.9
US
MongoDB Inc
NASDAQ:MDB
15.4B USD 7.7 -119.3 -65.3 -60.6
US
Akamai Technologies Inc
NASDAQ:AKAM
11.4B USD 2.8 25.2 9.2 18.1
IL
Wix.Com Ltd
NASDAQ:WIX
10.3B USD 5.8 74.1 69.7 91.3
P/S Multiple
Revenue Growth P/S to Growth
CA
Shopify Inc
NYSE:SHOP
Average P/S: 25.7
15.3
23%
0.7
US
Snowflake Inc.
NYSE:SNOW
16.9
24%
0.7
US
Cloudflare Inc
NYSE:NET
30.8
27%
1.1
US
GoDaddy Inc
NYSE:GDDY
5.8
8%
0.7
US
Verisign Inc
NASDAQ:VRSN
16.9
6%
2.8
ID
DCI Indonesia Tbk PT
IDX:DCII
168.8
N/A N/A
US
Okta Inc
NASDAQ:OKTA
8.5
11%
0.8
US
Twilio Inc
NYSE:TWLO
3.9
9%
0.4
US
MongoDB Inc
NASDAQ:MDB
7.7
16%
0.5
US
Akamai Technologies Inc
NASDAQ:AKAM
2.8
6%
0.5
IL
Wix.Com Ltd
NASDAQ:WIX
5.8
13%
0.4
P/E Multiple
Earnings Growth PEG
CA
Shopify Inc
NYSE:SHOP
Average P/E: 199.7
89.2
15%
5.9
US
Snowflake Inc.
NYSE:SNOW
Negative Multiple: -47.5 N/A N/A
US
Cloudflare Inc
NYSE:NET
Negative Multiple: -666.6 N/A N/A
US
GoDaddy Inc
NYSE:GDDY
35.9
15%
2.4
US
Verisign Inc
NASDAQ:VRSN
33.7
9%
3.7
ID
DCI Indonesia Tbk PT
IDX:DCII
351.2
N/A N/A
US
Okta Inc
NASDAQ:OKTA
788.6
181%
4.4
US
Twilio Inc
NYSE:TWLO
Negative Multiple: -523.8 N/A N/A
US
MongoDB Inc
NASDAQ:MDB
Negative Multiple: -119.3 N/A N/A
US
Akamai Technologies Inc
NASDAQ:AKAM
25.2
30%
0.8
IL
Wix.Com Ltd
NASDAQ:WIX
74.1
63%
1.2
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CA
Shopify Inc
NYSE:SHOP
Average EV/EBITDA: 176.5
112.7
51%
2.2
US
Snowflake Inc.
NYSE:SNOW
Negative Multiple: -46.1 N/A N/A
US
Cloudflare Inc
NYSE:NET
Negative Multiple: -3 947.2 N/A N/A
US
GoDaddy Inc
NYSE:GDDY
27.1
22%
1.2
US
Verisign Inc
NASDAQ:VRSN
25.1
7%
3.6
ID
DCI Indonesia Tbk PT
IDX:DCII
292.4
N/A N/A
US
Okta Inc
NASDAQ:OKTA
796.3
251%
3.2
US
Twilio Inc
NYSE:TWLO
79.1
102%
0.8
US
MongoDB Inc
NASDAQ:MDB
Negative Multiple: -65.3 N/A N/A
US
Akamai Technologies Inc
NASDAQ:AKAM
9.2
14%
0.7
IL
Wix.Com Ltd
NASDAQ:WIX
69.7
77%
0.9
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CA
Shopify Inc
NYSE:SHOP
Average EV/EBIT: 584.2
115.9
48%
2.4
US
Snowflake Inc.
NYSE:SNOW
Negative Multiple: -40.4 N/A N/A
US
Cloudflare Inc
NYSE:NET
Negative Multiple: -350.9 N/A N/A
US
GoDaddy Inc
NYSE:GDDY
30.6
18%
1.7
US
Verisign Inc
NASDAQ:VRSN
26
6%
4.3
ID
DCI Indonesia Tbk PT
IDX:DCII
292.4
N/A N/A
US
Okta Inc
NASDAQ:OKTA
Negative Multiple: -316 N/A N/A
US
Twilio Inc
NYSE:TWLO
3 514.9
N/A N/A
US
MongoDB Inc
NASDAQ:MDB
Negative Multiple: -60.6 N/A N/A
US
Akamai Technologies Inc
NASDAQ:AKAM
18.1
25%
0.7
IL
Wix.Com Ltd
NASDAQ:WIX
91.3
90%
1

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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