Shopify Inc., founded in 2006 and headquartered in Ottawa, Ontario, is a leading Canadian multinational e-commerce company. It offers the Shopify platform, a proprietary e-commerce platform for online stores and retail point-of-sale systems. The platform provides a suite of services, including payments, marketing, shipping and customer engagement tools, catering to over 2 million businesses in approximately 175 countries. Shopify's mission is to help people achieve independence by making it easier to start, run and grow a business, thereby reducing the barriers to business ownership and making commerce better for everyone
In the third quarter of 2023, Shopify reported a 25% increase in total revenue, amounting to $1.7 billion surpassing analyst expectations. The company's strong performance was driven by a 22% rise in Gross Merchandise Volume (GMV) to $56.2 billion, showcasing the durability of its business model and its top-line growth and profitability. For the fourth quarter of 2023, Shopify anticipates revenue growth in the high teens year over year. Analysts expect the company to continue its growth trajectory in 2024, with a focus on international expansion.
Only you can make the decision on the time to leap... but here's some supporting information and analysis.
Over the last 12 months, Shopify's shares have ranged in value from as little as $45.5 up to $91.57. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Shopify's is 2.196. This would suggest that Shopify's shares are significantly more volatile than the average for this exchange and represent a higher risk.
Historical closes compared with the last close of $70.55
| 1 week (2024-04-17) | 1.50% |
|---|---|
| 1 month (2024-03-24) | -10.04% |
| 3 months (2024-01-24) | -12.35% |
| 6 months (2023-10-24) | 45.49% |
| 1 year (2023-04-24) | 51.85% |
| 2 years (2022-04-24) | -84.64% |
| 3 years (2021-04-22) | -93.58% |
| 5 years (2019-04-24) | -67.78% |
The gauge below shows real-time ratings that are based on 26 popular indicators such as moving averages, for specific time periods. It's not a recommendation but is simply technical analysis that can form part of your research.
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Valuing a stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of overall performance. However, analysts commonly use some key metrics to help gauge value. Check out the Shopify P/E ratio, PEG ratio and EBITDA
Shopify's current stock price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 733x. In other words, Shopify stocks trade at around 733x recent earnings.
That's relatively high compared to, say, the trailing 12-month P/E ratio for the United States stock markets on average as of November 09, 2023 (20.44). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
Shopify's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.1192. A PEG ratio close to 1 can be interpreted as meaning shares offer reasonable value for the current rate of growth.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Shopify's future profitability. By accounting for growth, it could also help you if you're comparing the stock prices of multiple high-growth companies.
Shopify's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $330 million.
The EBITDA is a measure of a Shopify's overall financial performance and is widely used to measure a its profitability.
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