How to buy Shopify stock in Canada

Shopify is a software - application business based in Canada. Shopify shares (SHOP) are listed on the Toronto Stock Exchange (TSX) and all prices are listed in Canadian Dollars.

Its last market close was C$156.72 – a decrease of 3.98% over the previous week. Shopify employs 8,300 staff and has a trailing 12-month revenue of around C$7.8 billion.

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Shopify stock price (Toronto Stock Exchange (TSX): SHOP)

Use our graph to track the performance of SHOP stocks over time.

Shopify stocks at a glance

• Key figures

Information last updated 2024-11-30.

Latest market close	C$156.72
52-week range	C$72.36 - C$171.84
50-day moving average more info button	C$107.56
200-day moving average more info button	C$98.62
Wall St. target price	C$107.97
PE ratio more info button	109.5396
Dividend yield more info button	N/A
Earnings per share (TTM) more info button	C$1.39

Is it a good time to buy Shopify stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Dive deeper: Our picks for the best stocks to buy right now in Canada

Shopify price performance over time

Historical closes compared with the close of C$158.36 from 2024-12-18

1 week (2024-12-13)	-2.98%
1 month (2024-11-21)	6.42%
3 months (2024-09-20)	48.33%
6 months (2024-06-20)	81.15%

1 year (2023-12-20)	57.12%
2 years (2022-12-20)	223.12%
3 years (2021-12-20)	166.221
5 years (2019-12-20)	208.56%

Is Shopify stock undervalued or overvalued?

Valuing Shopify stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Shopify's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Shopify's P/E ratio

Shopify's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 110x. In other words, Shopify shares trade at around 110x recent earnings.

Shopify's PEG ratio

Shopify's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.1231. A low ratio can be interpreted as meaning the stocks offer better value, while a higher ratio can be interpreted as meaning the stocks offer worse value.

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

Shopify's EBITDA (earnings before interest, taxes, depreciation and amortisation) is C$991 million.

The EBITDA is a measure of a Shopify's overall financial performance and is widely used to measure a its profitability.

Shopify financials

Revenue TTM	C$7.8 billion
Operating margin TTM	13.84%
Gross profit TTM	C$2.8 billion
Return on assets TTM	5.63%
Return on equity TTM	15.31%
Profit margin	16.4%
Book value	C$7.05
Market Capitalization more info button	C$196.7 billion
EBITDA more info button	C$991 million

TTM: trailing 12 months

Shopify stock dividends

We're not expecting Shopify to pay a dividend over the next 12 months.

Have Shopify's stocks ever split?

Shopify's stocks were split on a 10:1 basis on 28 June 2022 . So if you had owned 1 share the day before before the split, the next day you'd have owned 10 shares. This wouldn't directly have changed the overall worth of your Shopify stocks – just the quantity. However, indirectly, the new 90% lower stock price could have impacted the market appetite for Shopify stocks, which in turn could have impacted Shopify's stock price.

Shopify stock price volatility

Over the last 12 months, Shopify's stocks have ranged in value from as little as C$72.36 up to C$171.84. A popular way to gauge a stock's volatility is its "beta."

Beta is a measure of a stocks volatility in relation to the market. The market (TO average) beta is 1, while Shopify's is 2.365. This would suggest that Shopify's stocks are significantly more volatile than the average for this exchange and represent a higher risk.

Shopify overview

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.

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Frequently asked questions

What percentage of Shopify is owned by insiders or institutions?
Currently 0.182% of Shopify stocks are held by insiders and 70.576% by institutions. How many people work for Shopify?
Latest data suggests 8,300 work at Shopify. When does the fiscal year end for Shopify?
Shopify's fiscal year ends in December. Where is Shopify based?
Shopify's address is: 151 O'Connor Street, Ottawa, ON, Canada, K2P 2L8 What is Shopify's ISIN number?
Shopify's international securities identification number is: CA82509L1076

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