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Shopify Inc - Class A

SHOP

Market Cap$95.8B
Close$

Compare Shopify

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Shopify Inc - Class AShopify Inc - Class A686.60%1%15.20.1
marketMarket Avg49.61.28%30%6.11.1
TechnologyTechnology Avg19.80.64%48%10.60.9

Earnings Call Q4 2023

February 13, 2024 - AI Summary

Shopify had a phenomenal year in 2023, with strong growth across all key metrics. Revenue reached $7.1 billion, up 26% YoY, and Q4 revenue surpassed $2 billion for the first time.
Gross profit for the year grew 28%, with Q4 hitting $1 billion in gross profit. Free cash flow also increased sequentially each quarter throughout 2023, reaching $905 million for the year.
The company continues to attract more merchants of all sizes globally, with a 35% increase in merchants from outside North America launching and growing their businesses on Shopify compared to 2022.
Shopify's AI-powered tools, known as Shopify Magic, have been successful in streamlining administrative tasks and increasing productivity for both merchants and the team. They plan to introduce new modalities and text-to-image capabilities in 2024.
Off-line and B2B channels are significant growth drivers for Shopify. In Q4, off-line GMV was up 28% YoY, while B2B GMV doubled in 2023. Shopify plans to further invest in these areas to capture additional opportunities.
$65.33

Target Price by Analysts

14.3% downsideShopify Target Price DetailsTarget Price
$99.55

Current Fair Value

30.6% upside

Undervalued by 30.6% based on the discounted cash flow analysis.

Share Statistics

Market cap$95.80 Billion
Enterprise Value$91.71 Billion
Dividend Yield$0.0 (0.0%)
Earnings per Share$0.1
Beta2.37
Outstanding Shares1,276,884,726
Avg 30 Day Volume13,036,198

Return

Return on Equity-
Return on Assets-
Return on Invested Capital-

Valuation & Multiples

P/E Ratio686.57
PEG-334.36
Price to Sales15.25
Price to Book Ratio10.89
Enterprise Value to Revenue12.99
Enterprise Value to EBIT-674.36
Enterprise Value to Net Income694
Total Debt to Enterprise0.01
Debt to Equity0.1

Revenue Sources

No data

ESG Score

No data

About Shopify Inc

CEO: Tobias Lutke