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SHOP logo
Shopify Inc.
SHOP
107.47 (1.19%) 1.28
138.86(B)
Information Technology
IT Services
Shopify Inc. a commerce company provides a commerce platform and services in Canada the United States Europe the Middle East Africa the Asia Pacific Australia China and Latin America. The company’s platform enables merchants to displays manages markets and sells its products through various sales channels including web and mobile storefronts physical retail locations pop-up shops social media storefronts native mobile apps buy buttons and marketplaces; and enables to manage products and inventory process orders and payments fulfill and ship orders new buyers and build customer relationships source products leverage analytics and reporting manage cash payments and transactions and access financing. It also sells custom themes and apps and registration of domain names; and merchant solutions which include accepting payments shipping and securing working capital. The company was formerly known as Jaded Pixel Technologies Inc. and changed its name to Shopify Inc. in November 2011. Shopify Inc. was incorporated in 2004 and is headquartered in Ottawa Canada.
Holdings:
Shares:
Cost basis:

Shopify Inc. (SHOP) price target and intrinsic value estimate

SHOP's fair price estimate is $51.3

This valuation is based on a fair P/E of 26.7 and EPS estimates of $1.92

The median analyst price target for SHOP is $120.5.

Analyst price targets range from $78.0 to $145.0

Is SHOP overvalued or undervalued?

SHOP is currently trading at $107.47

SHOP is overvalued by 110% using the pevaluation method.

SHOP is undervalued by 11% compared to median analyst price targets.

Do you agree with this valuation?

Valuation

PEvaluation

Low $36.9
Median $51.3
High $64.1
Fair P/E
Margin of safety

Analyst valuation

Low $78.0
Median $120.5
High $145.0
Strong Buy9
Buy21
Hold20
Sell1
Strong Sell1

Discounted cash-flow

TTM FCFFCF est.Growth FCFTerminal FCF
10%
5%
5y
10%
Shares outstan...ROICRevenue growthDebt/FCFAssets/Liabili...
Economic moat: Wide
None/narrowMediumWideVery wide

Overview

Market data

Market cap:$138.86(B)
Enterprise value:$130.13(B)
Total Equity:$10.12(B)
Shares outstanding:1.29(B)
Div. yield:0.00%
P/S:16.84
P/E:100.44
P/FCF:96.82
P/B:13.73
EPS:$1.1
FCF per share:$1.1
Dividend per share:$0.0

Income (TTM)

RevenueGrossNet
Revenue$8.21(B)
Gross profit$4.18(B)
EBITDA$1.11(B)
Net income$1.38(B)
Gross margin50.9%
Net margin16.8%

Balance sheet

Cash & ST inv.Other ST assetsLong term assetsCurrent liabilitiesLong term debtOther LT liabilitiesEquity
Total assets$12.33(B)
Total liabilities$2.21(B)
Cash & Short-term inv.$4.89(B)
Long-term debt$917.00(M)
Debt issued$0
Debt repaid$0

Cash flow (TTM)

CFOCFICFF
FCF$1.43(B)
CapEx$-17.00(M)
Dividends paid$0
Stock issued$29.00(M)
Stock repurchased$0
Stock-based comp.$419.00(M)

Future Growth

Revenue

CAGR: 23.0%
FY+1$8.79(B)
FY+2$10.78(B)
FY+3$13.01(B)
FY+4$16.66(B)
FY+5$20.15(B)

Net Income

CAGR: 22.2%
FY+1$1.70(B)
FY+2$1.99(B)
FY+3$2.52(B)
FY+4$2.85(B)
FY+5$3.78(B)

EPS

CAGR: 22.0%
FY+1$1.33
FY+2$1.52
FY+3$1.90
FY+4$2.20
FY+5$2.95

FCF per share

CAGR: 25.4%
FY+1$1.30
FY+2$1.68
FY+3$2.04
FY+4$2.56
FY+5$3.21

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Historical Financials

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Income
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