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Shopify Inc
NYSE:SHOP

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Shopify Inc
NYSE:SHOP
Watchlist
Price: 69.41 USD 1.03% Market Closed
Updated: Apr 18, 2024

Relative Value

The Relative Value of one SHOP stock under the Base Case scenario is 20.67 USD. Compared to the current market price of 69.41 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
20.67 USD
Overvaluation 70%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
74
vs Industry
8
Median 3Y
13.7
Median 5Y
25.5
Industry
2.3
Forward
10.3
vs History
6
vs Industry
0
Median 3Y
38.9
Median 5Y
-18.5
Industry
24.6
Forward
67.7
vs History
80
vs Industry
5
Median 3Y
211.5
Median 5Y
316.9
Industry
17.4
vs History
66
vs Industry
7
Median 3Y
160.2
Median 5Y
124.3
Industry
22
vs History
69
vs Industry
10
Median 3Y
10.2
Median 5Y
12.9
Industry
2.8
vs History
73
vs Industry
8
Median 3Y
13.1
Median 5Y
23.6
Industry
2.3
Forward
9.9
vs History
74
vs Industry
7
Median 3Y
26.9
Median 5Y
42.9
Industry
4.9
vs History
vs Industry
Median 3Y
-72.9
Median 5Y
-95.4
Industry
13.4
Forward
63.7
vs History
vs Industry
Median 3Y
-62.6
Median 5Y
-82.7
Industry
17
Forward
67.1
vs History
80
vs Industry
6
Median 3Y
198.7
Median 5Y
303.4
Industry
15.8
vs History
66
vs Industry
6
Median 3Y
150.6
Median 5Y
207.5
Industry
18.8
vs History
71
vs Industry
6
Median 3Y
16.6
Median 5Y
29.8
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
90.1B USD 12.8 677.5 -10 751.6 -1 102.7
US
Snowflake Inc.
NYSE:SNOW
49.6B USD 17.7 -59.3 -47.5 -42.2
US
Cloudflare Inc
NYSE:NET
29.9B USD 23.1 -162.7 -594.9 -159.3
US
MongoDB Inc
NASDAQ:MDB
25.1B USD 14.9 -142.4 -115.1 -103.9
US
Verisign Inc
NASDAQ:VRSN
18.5B USD 12.4 22.6 18.5 19.3
US
GoDaddy Inc
NYSE:GDDY
17.5B USD 4.1 12.5 25.7 32.6
US
Okta Inc
NASDAQ:OKTA
15.8B USD 7 -44.6 -39.3 -32.1
US
Akamai Technologies Inc
NASDAQ:AKAM
15.2B USD 4 27.7 13.4 23.6
US
Twilio Inc
NYSE:TWLO
10.8B USD 2.6 -10.6 -93.4 -21.1
US
Switch Inc
NYSE:SWCH
8.4B USD 12.6 22.1 34.7 109.5
IL
Wix.Com Ltd
NASDAQ:WIX
7B USD 4.5 211.5 190.7 803.3
P/E Multiple
Earnings Growth
CA
Shopify Inc
NYSE:SHOP
Average P/E: 162.3
677.5
1 589%
US
Snowflake Inc.
NYSE:SNOW
Negative Multiple: -59.3 N/A
US
Cloudflare Inc
NYSE:NET
Negative Multiple: -162.7 N/A
US
MongoDB Inc
NASDAQ:MDB
Negative Multiple: -142.4 N/A
US
Verisign Inc
NASDAQ:VRSN
22.6
20%
US
GoDaddy Inc
NYSE:GDDY
12.5
-20%
US
Okta Inc
NASDAQ:OKTA
Negative Multiple: -44.6 N/A
US
Akamai Technologies Inc
NASDAQ:AKAM
27.7
124%
US
Twilio Inc
NYSE:TWLO
Negative Multiple: -10.6 N/A
US
Switch Inc
NYSE:SWCH
22.1
N/A
IL
Wix.Com Ltd
NASDAQ:WIX
211.5
1 224%
EV/EBITDA Multiple
EBITDA Growth
CA
Shopify Inc
NYSE:SHOP
Average EV/EBITDA: 56.6
Negative Multiple: -10 751.6
N/A
US
Snowflake Inc.
NYSE:SNOW
Negative Multiple: -47.5 N/A
US
Cloudflare Inc
NYSE:NET
Negative Multiple: -594.9 N/A
US
MongoDB Inc
NASDAQ:MDB
Negative Multiple: -115.1 N/A
US
Verisign Inc
NASDAQ:VRSN
18.5
21%
US
GoDaddy Inc
NYSE:GDDY
25.7
114%
US
Okta Inc
NASDAQ:OKTA
Negative Multiple: -39.3 N/A
US
Akamai Technologies Inc
NASDAQ:AKAM
13.4
54%
US
Twilio Inc
NYSE:TWLO
Negative Multiple: -93.4 N/A
US
Switch Inc
NYSE:SWCH
34.7
N/A
IL
Wix.Com Ltd
NASDAQ:WIX
190.7
1 554%
EV/EBIT Multiple
EBIT Growth
CA
Shopify Inc
NYSE:SHOP
Average EV/EBIT: 197.7
Negative Multiple: -1 102.7
N/A
US
Snowflake Inc.
NYSE:SNOW
Negative Multiple: -42.2 N/A
US
Cloudflare Inc
NYSE:NET
Negative Multiple: -159.3 N/A
US
MongoDB Inc
NASDAQ:MDB
Negative Multiple: -103.9 N/A
US
Verisign Inc
NASDAQ:VRSN
19.3
19%
US
GoDaddy Inc
NYSE:GDDY
32.6
114%
US
Okta Inc
NASDAQ:OKTA
Negative Multiple: -32.1 N/A
US
Akamai Technologies Inc
NASDAQ:AKAM
23.6
103%
US
Twilio Inc
NYSE:TWLO
Negative Multiple: -21.1 N/A
US
Switch Inc
NYSE:SWCH
109.5
N/A
IL
Wix.Com Ltd
NASDAQ:WIX
803.3
6 560%

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