Valuation Shopify Inc.

Equities

Market Closed - Nasdaq Other stock markets 04:00:00 2026-03-11 pm EDT			5-day change	1st Jan Change
129.52 ^USD	+0.12%		-0.10%	-19.54%

Mar. 09	Klaviyo and Shopify Deepen Integration to Accelerate Global Commerce Growth	CI
Mar. 09	Radial Selects Riskified To Power Payment Fraud And Refund Return Protection For Merchant Client Portfolio	CI

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Capitalization ¹	173,001	44,154	100,187	137,389	209,558	168,909	-	-
Change	-	-74.48%	126.9%	37.13%	52.53%	-19.4%	-	-
Enterprise Value (EV) ¹	166,144	40,015	96,095	132,828	203,780	161,174	157,390	153,181
Change	-	-75.92%	140.15%	38.23%	53.42%	-20.91%	-2.35%	-2.67%
P/E ratio	60.1x	-12.7x	779x	68.6x	171x	86.4x	64.1x	42.5x
PBR	14.1x	5.37x	11.1x	11.2x	15.6x	10.9x	9.27x	7.82x
PEG	-	0x	-8x	0x	-4.3x	1.5x	1.8x	0.8x
Capitalization / Revenue	37.5x	7.88x	14.2x	15.5x	18.1x	11.5x	9.36x	7.33x
EV / Revenue	36x	7.15x	13.6x	15x	17.6x	11x	8.72x	6.65x
EV / EBITDA	218x	933x	118x	87.2x	101x	59.2x	44x	27.7x
EV / EBIT	231x	6,604x	123x	89.3x	103x	61.1x	45.8x	29.5x
EV / FCF	366x	-215x	106x	83.2x	102x	62x	47.4x	36.3x
FCF Yield	0.27%	-0.47%	0.94%	1.2%	0.98%	1.61%	2.11%	2.76%
Dividend per Share ²	-	-	-	-	-	-	-	-
Rate of return	-	-	-	-	-	-	-	-
EPS ²	2.29	-2.73	0.1	1.55	0.94	1.499	2.02	3.046
Distribution rate	-	-	-	-	-	-	-	-
Net sales ¹	4,612	5,600	7,060	8,880	11,556	14,663	18,054	23,028
EBITDA ¹	762.1	42.88	814	1,523	2,009	2,722	3,578	5,523
EBIT ¹	718	6.059	782	1,487	1,978	2,640	3,436	5,185
Net income ¹	2,915	-3,460	132	2,019	1,231	1,945	2,621	4,131
Net Debt ¹	-6,857	-4,140	-4,092	-4,561	-5,778	-7,734	-11,519	-15,727
Reference price ²	137.74	34.71	77.90	106.33	160.97	129.52	129.52	129.52
Nbr of stocks (in thousands)	1,256,003	1,272,089	1,286,099	1,292,100	1,301,843	1,304,111	-	-
Announcement Date	2/16/22	2/15/23	2/13/24	2/11/25	2/11/26	-	-	-

¹USD in Million²USD

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (N)	EV / Sales (N)	EV / EBITDA (N)	Dividend Yield (N)	Capi.($)
SHOPIFY INC.	86.4x	10.98x	59.13x	-.--%	169B
ALIBABA GROUP HOLDING LIMITED	19.89x	1.85x	13.37x	0.78%	306B
PDD HOLDINGS INC.	10.16x	1.56x	6.54x	-.--%	149B
MERCADOLIBRE, INC.	31.31x	2.18x	16.17x	-.--%	88.32B
MEITUAN	-18.63x	0.87x	-25.24x	-.--%	62.41B
EBAY INC.	19.88x	3.7x	11.84x	1.38%	40.71B
COPART, INC.	23.17x	6.44x	15.63x	-	34.98B
VIPSHOP HOLDINGS LIMITED	8.2x	0.27x	2.89x	2.96%	7.87B
GLOBAL-E ONLINE LTD.	98.34x	5.46x	26.82x	-.--%	5.8B
USS CO., LTD.	20.35x	6.41x	11.14x	2.95%	5.26B
Average	29.91x	3.97x	13.83x	0.9%	86.88B
Weighted average by Cap.	30.08x	3.85x	18.60x	0.4%