Shopify Inc
NYSE:SHOP

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Shopify Inc
NYSE:SHOP
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Price: 106.48 USD 2.44% Market Closed
Market Cap: 137.3B USD
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Relative Value

The Relative Value of one SHOP stock under the Base Case scenario is 26.09 USD. Compared to the current market price of 106.48 USD, Shopify Inc is Overvalued by 75%.

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
26.09 USD
Overvaluation 75%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
47
vs Industry
10
Median 3Y
12.3
Median 5Y
16.6
Industry
2.4
Forward
15.6
vs History
19
vs Industry
1
Median 3Y
-12.8
Median 5Y
-12.8
Industry
23.1
Forward
94.1
vs History
68
vs Industry
7
Median 3Y
106.2
Median 5Y
230.9
Industry
16.9
vs History
60
vs Industry
8
Median 3Y
99.4
Median 5Y
110.8
Industry
21.5
vs History
41
vs Industry
11
Median 3Y
8.8
Median 5Y
11.5
Industry
2.9
vs History
46
vs Industry
11
Median 3Y
11.8
Median 5Y
15.3
Industry
2.4
Forward
15.1
vs History
46
vs Industry
10
Median 3Y
23.1
Median 5Y
28.5
Industry
4.8
vs History
38
vs Industry
Median 3Y
-66.1
Median 5Y
-66.1
Industry
12.9
Forward
94.7
vs History
38
vs Industry
Median 3Y
-61.6
Median 5Y
-61.6
Industry
16.7
Forward
99.8
vs History
68
vs Industry
7
Median 3Y
101.8
Median 5Y
212.6
Industry
15.7
vs History
60
vs Industry
8
Median 3Y
93.5
Median 5Y
145.7
Industry
18.7
vs History
46
vs Industry
6
Median 3Y
13.8
Median 5Y
18.7
Industry
2.5

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
137.5B USD 16.7 99.4 135.9 141.3
US
Snowflake Inc.
NYSE:SNOW
57.4B USD 17.9 -56.4 -49.9 -43.8
US
Cloudflare Inc
NYSE:NET
35.8B USD 22.7 -381.2 -1 000.2 -216.3
US
GoDaddy Inc
NYSE:GDDY
27.1B USD 6 14.6 29.8 34.7
US
MongoDB Inc
NASDAQ:MDB
23.3B USD 12.8 -106 -84.1 -77.7
US
Verisign Inc
NASDAQ:VRSN
17.8B USD 11.6 20.8 17.1 17.8
US
Twilio Inc
NYSE:TWLO
15.9B USD 3.7 -34.3 120.5 -135.9
US
Akamai Technologies Inc
NASDAQ:AKAM
13.7B USD 3.5 26.1 10.7 19.9
US
Okta Inc
NASDAQ:OKTA
12.8B USD 5.2 -94.2 -79.8 -50.7
IL
Wix.Com Ltd
NASDAQ:WIX
12B USD 7.3 163.6 166.1 286.4
US
Switch Inc
F:821
7.7B EUR 12.1 21.4 33.7 106.5
P/E Multiple
Earnings Growth
CA
Shopify Inc
NYSE:SHOP
Average P/E: 57.6
99.4
1 716%
US
Snowflake Inc.
NYSE:SNOW
Negative Multiple: -56.4 N/A
US
Cloudflare Inc
NYSE:NET
Negative Multiple: -381.2 N/A
US
GoDaddy Inc
NYSE:GDDY
14.6
-13%
US
MongoDB Inc
NASDAQ:MDB
Negative Multiple: -106 N/A
US
Verisign Inc
NASDAQ:VRSN
20.8
12%
US
Twilio Inc
NYSE:TWLO
Negative Multiple: -34.3 N/A
US
Akamai Technologies Inc
NASDAQ:AKAM
26.1
111%
US
Okta Inc
NASDAQ:OKTA
Negative Multiple: -94.2 N/A
IL
Wix.Com Ltd
NASDAQ:WIX
163.6
1 247%
US
S
Switch Inc
F:821
21.4
N/A
EV/EBITDA Multiple
EBITDA Growth
CA
Shopify Inc
NYSE:SHOP
Average EV/EBITDA: 73.4
135.9
3 292%
US
Snowflake Inc.
NYSE:SNOW
Negative Multiple: -49.9 N/A
US
Cloudflare Inc
NYSE:NET
Negative Multiple: -1 000.2 N/A
US
GoDaddy Inc
NYSE:GDDY
29.8
115%
US
MongoDB Inc
NASDAQ:MDB
Negative Multiple: -84.1 N/A
US
Verisign Inc
NASDAQ:VRSN
17.1
15%
US
Twilio Inc
NYSE:TWLO
120.5
N/A
US
Akamai Technologies Inc
NASDAQ:AKAM
10.7
53%
US
Okta Inc
NASDAQ:OKTA
Negative Multiple: -79.8 N/A
IL
Wix.Com Ltd
NASDAQ:WIX
166.1
1 611%
US
S
Switch Inc
F:821
33.7
N/A
EV/EBIT Multiple
EBIT Growth
CA
Shopify Inc
NYSE:SHOP
Average EV/EBIT: 101.1
141.3
41 950%
US
Snowflake Inc.
NYSE:SNOW
Negative Multiple: -43.8 N/A
US
Cloudflare Inc
NYSE:NET
Negative Multiple: -216.3 N/A
US
GoDaddy Inc
NYSE:GDDY
34.7
111%
US
MongoDB Inc
NASDAQ:MDB
Negative Multiple: -77.7 N/A
US
Verisign Inc
NASDAQ:VRSN
17.8
14%
US
Twilio Inc
NYSE:TWLO
Negative Multiple: -135.9 N/A
US
Akamai Technologies Inc
NASDAQ:AKAM
19.9
89%
US
Okta Inc
NASDAQ:OKTA
Negative Multiple: -50.7 N/A
IL
Wix.Com Ltd
NASDAQ:WIX
286.4
6 673%
US
S
Switch Inc
F:821
106.5
N/A

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