Shopify Inc
TSX:SHOP

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Shopify Inc
TSX:SHOP
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Price: 233 CAD 1.72%
Market Cap: 300.3B CAD
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Relative Value

The Relative Value of one SHOP stock under the Base Case scenario is hidden CAD. Compared to the current market price of 233 CAD, Shopify Inc is hidden .

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
HIDDEN
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Worst Case
Base Case
Best Case

Valuation Multiples

20.1
P/S
P/S
Price to Sales
20.1
vs History
25
vs Industry
6
Median 3Y
13.6
Median 5Y
14.2
Industry
2.4
Forward
18.4
More Details
120.5
P/E
P/E
Price to Earnings
120.5
vs History
17
vs Industry
9
Median 3Y
65.7
Median 5Y
68
Industry
22.3
Forward
111.9
More Details
114
P/OCF
P/OCF
Price to OCF
114
vs History
47
vs Industry
6
Median 3Y
93.1
Median 5Y
108.9
Industry
16.1
More Details
115.2
P/FCFE
P/FCFE
Price to FCFE
115.2
vs History
39
vs Industry
8
Median 3Y
86.3
Median 5Y
107.4
Industry
20.7
More Details
17.5
P/B
P/B
Price to Book Value
17.5
vs History
7
vs Industry
9
Median 3Y
11.1
Median 5Y
11.4
Industry
2.9
More Details
19.5
EV/S
EV/S
Enterprise Value to Sales
19.5
vs History
25
vs Industry
7
Median 3Y
13
Median 5Y
13.6
Industry
2.4
Forward
17.9
More Details
40.8
EV/GP
EV/GP
Enterprise Value to Gross Profit
40.8
vs History
25
vs Industry
7
Median 3Y
26.2
Median 5Y
27.4
Industry
4.9
More Details
155.1
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
155.1
vs History
36
vs Industry
4
Median 3Y
98.8
Median 5Y
119
Industry
12.2
Forward
105.2
More Details
158.9
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
158.9
vs History
31
vs Industry
4
Median 3Y
91.4
Median 5Y
112.3
Industry
15.9
Forward
108
More Details
110.7
EV/OCF
EV/OCF
Enterprise Value to OCF
110.7
vs History
47
vs Industry
6
Median 3Y
87.9
Median 5Y
105.6
Industry
14.7
More Details
109.8
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
109.8
vs History
42
vs Industry
6
Median 3Y
82.8
Median 5Y
104.4
Industry
17.3
More Details
27.6
EV/IC
EV/IC
Enterprise Value to IC
27.6
vs History
22
vs Industry
5
Median 3Y
16.9
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
TSX:SHOP
215.3B CAD 20.1 120.5 155.1 158.9
US
Snowflake Inc.
NYSE:SNOW
79.2B USD 18.2 -59 -66.1 -56.1
US
Snowflake Inc
XETRA:5Q5
66.3B EUR 17.7 -57.5 -64.8 -54.9
US
Cloudflare Inc
NYSE:NET
69.9B USD 34.6 -674.5 -4 390.9 -358.7
US
MongoDB Inc
NASDAQ:MDB
34.9B USD 15.2 -497.7 -245.5 -209.6
ID
DCI Indonesia Tbk PT
IDX:DCII
529.2T IDR 201 451.5 376.4 376.4
US
Verisign Inc
NASDAQ:VRSN
22.8B USD 14 28 21.1 21.8
US
Twilio Inc
NYSE:TWLO
21.4B USD 4.4 320.9 65 182.2
US
GoDaddy Inc
NYSE:GDDY
16.1B USD 3.3 19.4 15.7 17.5
US
Okta Inc
NASDAQ:OKTA
16.1B USD 5.7 82.6 62.6 111.9
US
Akamai Technologies Inc
NASDAQ:AKAM
12.8B USD 3.1 25.3 11.9 24.8
P/S Multiple
Revenue Growth P/S to Growth
CA
Shopify Inc
TSX:SHOP
Average P/S: 30.6
20.1
26%
0.8
US
Snowflake Inc.
NYSE:SNOW
18.2
26%
0.7
US
Snowflake Inc
XETRA:5Q5
17.7
26%
0.7
US
Cloudflare Inc
NYSE:NET
34.6
28%
1.2
US
MongoDB Inc
NASDAQ:MDB
15.2
20%
0.8
ID
DCI Indonesia Tbk PT
IDX:DCII
201
N/A N/A
US
Verisign Inc
NASDAQ:VRSN
14
6%
2.3
US
Twilio Inc
NYSE:TWLO
4.4
10%
0.4
US
GoDaddy Inc
NYSE:GDDY
3.3
8%
0.4
US
Okta Inc
NASDAQ:OKTA
5.7
11%
0.5
US
Akamai Technologies Inc
NASDAQ:AKAM
3.1
6%
0.5
P/E Multiple
Earnings Growth PEG
CA
Shopify Inc
TSX:SHOP
Average P/E: 149.8
120.5
15%
8
US
Snowflake Inc.
NYSE:SNOW
Negative Multiple: -59 N/A N/A
US
Snowflake Inc
XETRA:5Q5
Negative Multiple: -57.5 N/A N/A
US
Cloudflare Inc
NYSE:NET
Negative Multiple: -674.5 N/A N/A
US
MongoDB Inc
NASDAQ:MDB
Negative Multiple: -497.7 N/A N/A
ID
DCI Indonesia Tbk PT
IDX:DCII
451.5
N/A N/A
US
Verisign Inc
NASDAQ:VRSN
28
7%
4
US
Twilio Inc
NYSE:TWLO
320.9
N/A N/A
US
GoDaddy Inc
NYSE:GDDY
19.4
11%
1.8
US
Okta Inc
NASDAQ:OKTA
82.6
198%
0.4
US
Akamai Technologies Inc
NASDAQ:AKAM
25.3
33%
0.8
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CA
Shopify Inc
TSX:SHOP
Average EV/EBITDA: 101.1
155.1
47%
3.3
US
Snowflake Inc.
NYSE:SNOW
Negative Multiple: -66.1 N/A N/A
US
Snowflake Inc
XETRA:5Q5
Negative Multiple: -64.8 N/A N/A
US
Cloudflare Inc
NYSE:NET
Negative Multiple: -4 390.9 N/A N/A
US
MongoDB Inc
NASDAQ:MDB
Negative Multiple: -245.5 N/A N/A
ID
DCI Indonesia Tbk PT
IDX:DCII
376.4
N/A N/A
US
Verisign Inc
NASDAQ:VRSN
21.1
8%
2.6
US
Twilio Inc
NYSE:TWLO
65
104%
0.6
US
GoDaddy Inc
NYSE:GDDY
15.7
22%
0.7
US
Okta Inc
NASDAQ:OKTA
62.6
246%
0.3
US
Akamai Technologies Inc
NASDAQ:AKAM
11.9
16%
0.7
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CA
Shopify Inc
TSX:SHOP
Average EV/EBIT: 127.6
158.9
47%
3.4
US
Snowflake Inc.
NYSE:SNOW
Negative Multiple: -56.1 N/A N/A
US
Snowflake Inc
XETRA:5Q5
Negative Multiple: -54.9 N/A N/A
US
Cloudflare Inc
NYSE:NET
Negative Multiple: -358.7 N/A N/A
US
MongoDB Inc
NASDAQ:MDB
Negative Multiple: -209.6 N/A N/A
ID
DCI Indonesia Tbk PT
IDX:DCII
376.4
N/A N/A
US
Verisign Inc
NASDAQ:VRSN
21.8
6%
3.6
US
Twilio Inc
NYSE:TWLO
182.2
N/A N/A
US
GoDaddy Inc
NYSE:GDDY
17.5
20%
0.9
US
Okta Inc
NASDAQ:OKTA
111.9
N/A N/A
US
Akamai Technologies Inc
NASDAQ:AKAM
24.8
26%
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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