Shopify Inc
NYSE:SHOP

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Shopify Inc
NYSE:SHOP
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Price: 108.95 USD 1.76% Market Closed
Market Cap: 140.8B USD
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Relative Value

The Relative Value of one SHOP stock under the Base Case scenario is 26.1 USD. Compared to the current market price of 108.95 USD, Shopify Inc is Overvalued by 76%.

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
26.1 USD
Overvaluation 76%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

17.1
P/S
P/S
Price to Sales
17.1
vs History
46
vs Industry
10
Median 3Y
12.3
Median 5Y
16.6
Industry
2.4
Forward
15.7
More Details
101.7
P/E
P/E
Price to Earnings
101.7
vs History
20
vs Industry
1
Median 3Y
-12.8
Median 5Y
-10.7
Industry
23.2
Forward
83
More Details
97.1
P/OCF
P/OCF
Price to OCF
97.1
vs History
68
vs Industry
7
Median 3Y
104.6
Median 5Y
220.8
Industry
17.4
More Details
98.3
P/FCFE
P/FCFE
Price to FCFE
98.3
vs History
61
vs Industry
8
Median 3Y
99.4
Median 5Y
110.8
Industry
21.3
More Details
13.9
P/B
P/B
Price to Book Value
13.9
vs History
41
vs Industry
11
Median 3Y
8.8
Median 5Y
11.5
Industry
2.9
More Details
16.7
EV/S
EV/S
Enterprise Value to Sales
16.7
vs History
46
vs Industry
11
Median 3Y
11.8
Median 5Y
15.3
Industry
2.4
Forward
15.2
More Details
32.7
EV/GP
EV/GP
Enterprise Value to Gross Profit
32.7
vs History
46
vs Industry
10
Median 3Y
23.1
Median 5Y
28.5
Industry
4.9
More Details
139.1
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
139.1
vs History
39
vs Industry
Median 3Y
-66.1
Median 5Y
-56.4
Industry
12.9
Forward
92.1
More Details
144.7
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
144.7
vs History
39
vs Industry
Median 3Y
-61.6
Median 5Y
-48.8
Industry
16.5
Forward
93.2
More Details
94.4
EV/OCF
EV/OCF
Enterprise Value to OCF
94.4
vs History
68
vs Industry
7
Median 3Y
100.3
Median 5Y
210
Industry
16.3
More Details
95.5
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
95.5
vs History
60
vs Industry
8
Median 3Y
93.8
Median 5Y
145.7
Industry
19
More Details
20
EV/IC
EV/IC
Enterprise Value to IC
20
vs History
46
vs Industry
6
Median 3Y
13.8
Median 5Y
18.7
Industry
2.5
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
NYSE:SHOP
140.7B USD 17.1 101.7 139.1 144.7
US
Snowflake Inc.
NYSE:SNOW
55.7B USD 16.3 -49.4 -46.6 -40.7
US
Cloudflare Inc
NYSE:NET
38.7B USD 24.6 -412.1 -1 082.5 -234.1
US
GoDaddy Inc
NYSE:GDDY
28.8B USD 6.4 15.6 31.5 36.7
US
Verisign Inc
NASDAQ:VRSN
19.2B USD 12.4 22.3 18.4 19
US
MongoDB Inc
NASDAQ:MDB
18.3B USD 9.5 -91.2 -64.2 -59.6
US
Twilio Inc
NYSE:TWLO
16.8B USD 3.9 -36.3 128.3 -144.6
US
Akamai Technologies Inc
NASDAQ:AKAM
14.4B USD 3.6 27.4 11.2 20.9
US
Okta Inc
NASDAQ:OKTA
14.3B USD 5.6 -365.9 -233.4 -90.3
IL
Wix.Com Ltd
NASDAQ:WIX
12.1B USD 7.1 130.1 111.1 162
US
Switch Inc
F:821
7.7B EUR 12.1 21.3 33.6 106.1
P/S Multiple
Revenue Growth P/S to Growth
CA
Shopify Inc
NYSE:SHOP
Average P/S: 10.8
17.1
87%
0.2
US
Snowflake Inc.
NYSE:SNOW
16.3
96%
0.2
US
Cloudflare Inc
NYSE:NET
24.6
104%
0.2
US
GoDaddy Inc
NYSE:GDDY
6.4
26%
0.2
US
Verisign Inc
NASDAQ:VRSN
12.4
12%
1
US
MongoDB Inc
NASDAQ:MDB
9.5
68%
0.1
US
Twilio Inc
NYSE:TWLO
3.9
26%
0.1
US
Akamai Technologies Inc
NASDAQ:AKAM
3.6
23%
0.2
US
Okta Inc
NASDAQ:OKTA
5.6
39%
0.1
IL
Wix.Com Ltd
NASDAQ:WIX
7.1
48%
0.1
US
S
Switch Inc
F:821
12.1
N/A N/A
P/E Multiple
Earnings Growth P/E to Growth
CA
Shopify Inc
NYSE:SHOP
Average P/E: 53.1
101.7
1 782%
0.1
US
Snowflake Inc.
NYSE:SNOW
Negative Multiple: -49.4 N/A N/A
US
Cloudflare Inc
NYSE:NET
Negative Multiple: -412.1 N/A N/A
US
GoDaddy Inc
NYSE:GDDY
15.6
-13%
N/A
US
Verisign Inc
NASDAQ:VRSN
22.3
9%
2.4
US
MongoDB Inc
NASDAQ:MDB
Negative Multiple: -91.2 N/A N/A
US
Twilio Inc
NYSE:TWLO
Negative Multiple: -36.3 N/A N/A
US
Akamai Technologies Inc
NASDAQ:AKAM
27.4
110%
0.2
US
Okta Inc
NASDAQ:OKTA
Negative Multiple: -365.9 N/A N/A
IL
Wix.Com Ltd
NASDAQ:WIX
130.1
1 359%
0.1
US
S
Switch Inc
F:821
21.3
N/A N/A
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CA
Shopify Inc
NYSE:SHOP
Average EV/EBITDA: 67.6
139.1
3 409%
0
US
Snowflake Inc.
NYSE:SNOW
Negative Multiple: -46.6 N/A N/A
US
Cloudflare Inc
NYSE:NET
Negative Multiple: -1 082.5 N/A N/A
US
GoDaddy Inc
NYSE:GDDY
31.5
116%
0.3
US
Verisign Inc
NASDAQ:VRSN
18.4
15%
1.2
US
MongoDB Inc
NASDAQ:MDB
Negative Multiple: -64.2 N/A N/A
US
Twilio Inc
NYSE:TWLO
128.3
N/A N/A
US
Akamai Technologies Inc
NASDAQ:AKAM
11.2
49%
0.2
US
Okta Inc
NASDAQ:OKTA
Negative Multiple: -233.4 N/A N/A
IL
Wix.Com Ltd
NASDAQ:WIX
111.1
1 614%
0.1
US
S
Switch Inc
F:821
33.6
N/A N/A
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CA
Shopify Inc
NYSE:SHOP
Average EV/EBIT: 81.6
144.7
42 967%
0
US
Snowflake Inc.
NYSE:SNOW
Negative Multiple: -40.7 N/A N/A
US
Cloudflare Inc
NYSE:NET
Negative Multiple: -234.1 N/A N/A
US
GoDaddy Inc
NYSE:GDDY
36.7
107%
0.3
US
Verisign Inc
NASDAQ:VRSN
19
12%
1.5
US
MongoDB Inc
NASDAQ:MDB
Negative Multiple: -59.6 N/A N/A
US
Twilio Inc
NYSE:TWLO
Negative Multiple: -144.6 N/A N/A
US
Akamai Technologies Inc
NASDAQ:AKAM
20.9
85%
0.2
US
Okta Inc
NASDAQ:OKTA
Negative Multiple: -90.3 N/A N/A
IL
Wix.Com Ltd
NASDAQ:WIX
162
6 834%
0
US
S
Switch Inc
F:821
106.1
N/A N/A

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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