Valuation Shopify Inc.

Equities

Market Closed - Nyse Other stock markets 04:00:02 2025-01-17 pm EST			5-day change	1st Jan Change
103.35 ^USD	-0.14%		+1.56%	-2.80%

Jan. 14	Seaport Raises Price Target on Shopify to $130 From $121, Keeps Buy Rating	MT
Jan. 08	RBC Expects S&P/TSX Info Tech Sector to Shine in 2025	MT

Data adjusted to current consolidation scope

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	46,086	138,858	173,001	44,154	100,187	133,538	133,538	-
Change	-	201.3%	24.59%	-74.48%	126.9%	33.29%	0%	-
Enterprise Value (EV) ¹	43,631	133,228	166,144	40,015	96,095	128,561	126,446	123,810
Change	-	205.35%	24.71%	-75.92%	140.15%	33.79%	-1.65%	-2.08%
P/E ratio	-361x	437x	60.1x	-12.7x	779x	117x	92x	69x
PBR	14.9x	21.1x	14.1x	5.37x	11.1x	12.7x	10.7x	8.68x
PEG	-	-1x	0x	0x	-8x	0x	3.4x	2.1x
Capitalization / Revenue	29.2x	47.4x	37.5x	7.88x	14.2x	15.2x	12.4x	10.2x
EV / Revenue	27.6x	45.5x	36x	7.15x	13.6x	14.6x	11.7x	9.48x
EV / EBITDA	612x	274x	218x	933x	118x	86.2x	60.8x	45x
EV / EBIT	1,225x	305x	231x	6,604x	123x	88.2x	63.3x	48x
EV / FCF	3,149x	348x	366x	-215x	106x	83.4x	63.5x	49.6x
FCF Yield	0.03%	0.29%	0.27%	-0.47%	0.94%	1.2%	1.57%	2.02%
Dividend per Share ²	-	-	-	-	-	-	-	-
Rate of return	-	-	-	-	-	-	-	-
EPS ²	-0.11	0.259	2.29	-2.73	0.1	0.8854	1.123	1.498
Distribution rate	-	-	-	-	-	-	-	-
Net sales ¹	1,578	2,929	4,612	5,600	7,060	8,798	10,798	13,054
EBITDA ¹	71.27	486.1	762.1	42.88	814	1,491	2,080	2,752
EBIT ¹	35.62	437.4	718	6.059	782	1,458	1,998	2,580
Net income ¹	-124.8	319.5	2,915	-3,460	132	1,157	1,458	1,943
Net Debt ¹	-2,455	-5,630	-6,857	-4,140	-4,092	-4,977	-7,092	-9,728
Reference price ²	39.76	113.20	137.74	34.71	77.90	103.35	103.35	103.35
Nbr of stocks (in thousands)	1,159,173	1,226,711	1,256,003	1,272,089	1,286,099	1,292,100	1,292,100	-
Announcement Date	2/12/20	2/17/21	2/16/22	2/15/23	2/13/24	-	-	-

¹USD in Million²USD

Estimates

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E ratio	EV / Sales	EV / EBITDA	Yield	Capi. ($)
SHOPIFY INC.	116.73x	14.61x	86.2x	-.--%	134B
ALIBABA GROUP HOLDING LIMITED	12.25x	1.09x	5.53x	+1.19%	192B
PDD HOLDINGS INC.	9.96x	2.01x	6.78x	-.--%	147B
MEITUAN INC.	24.94x	2.14x	14.61x	-.--%	119B
MERCADOLIBRE, INC.	55.16x	4.35x	29.13x	-.--%	93.08B
COPART, INC.	36.53x	10.78x	25.95x	-	54.82B
EBAY INC.	18.88x	3.62x	11.55x	+1.63%	31.71B
GLOBAL-E ONLINE LTD.	-122.11x	12.09x	64.25x	-.--%	9.37B
VIPSHOP HOLDINGS LIMITED	6.9x	0.23x	2.34x	+3.21%	6.92B
USS CO., LTD.	17.74x	5.02x	8.97x	+3.15%	4.12B
Average	17.70x	5.59x	25.53x	+1.02%	79.12B
Weighted average by Cap.	36.75x	5.00x	25.86x	+0.43%