Shopify Inc.(SHOP) Stock Research - Grey Stern Research

Shopify Inc. (SHOP) Stock Analysis

$78.68 (4.60%)

SHOP Financial Performance


Use the table below to view Shopify Inc.'s financial profile. This data is gathers from the latest available financial statements. Annual data is taken from the trailing 12 months of statements. All numbers are reported in US Dollars and so any foreign currencies are converted to USD so comparison's can be done.

Based on Financial Statements from Q1 - 2024

Metric Value Ranking among Peers
Price $75.22 -
52 Week Low $45.50 -
52 Week High $91.57 -
Market Cap $97.1 Billion 4/10
Gross Margin 51% 10/10
Profit Margin -15% 7/10
EBITDA margin 5% 6/10
Q1 - 2024 Revenue $1.9 Billion 5/10
Q1 - 2024 Earnings -$273.0 Million 9/10
Q1 - 2024 Free Cash Flow $232.0 Million 6/10
Trailing 4 Quarters Revenue $7.8 Billion 5/10
Trailing 4 Quarters Earnings $1.3 Billion 4/10
Quarterly Earnings Growth 79% 2/10
Annual Earnings Growth 215% 4/10
Quarterly Revenue Growth 10% 7/10
Annual Revenue Growth 25% 2/10
Cash On Hand $1.6 Billion 5/10
Short Term Debt $17.0 Million 9/10
Long Term Debt $1.1 Billion 6/10

Shopify Inc. Financial Metrics


Financial metrics are a set of useful numbers that can give key performance indicators of a company. The various metrics can include information about profitability, growth, and debt load. When combined and use properly they can tell an analyst a compelling fact-based story of how the company is currently performing. To compare Shopify Inc.'s metrics versus it's peers make sure to run our peer analysis tool.

Valuation Metrics

Metric Value Ranking among Peers
PE 76.25 3/10
PS 12.50 3/10
PB 10.91 3/10
PC 59.80 3/10
Liabilities to Equity 0.25 8/10
ROA 0.11 1/10
ROE 0.14 3/10
Current Ratio 5.01 3/10
Quick Ratio 2.33 3/10
Long Term Debt to Equity 0.13 6/10
Debt to Equity 0.13 7/10
Burn Rate 5.03 4/10
Cash to Cap 0.02 6/10
CCR -0.85 9/10
EV to EBITDA 1006.08 3/10
EV to Revenue 12.44 3/10

Company Details

Shopify Inc., a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, 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 fulfillment, and securing working capital. The company was formerly known as Jaded Pixel Technologies Inc. and changed its name to Shopify Inc. in November 2011. Shopify Inc. was incorporated in 2004 and is headquartered in Ottawa, Canada.

CEO: Mr. Tobias Lutke

Website: https://www.shopify.com

Address: 150 Elgin Street, 8Th Floor Ottawa, ONTARIO

Exchange: New York Stock Exchange

Industry: Software—Application

Shopify Inc. Peer Analysis


A useful and more reliable way of seeing the health of a company is to compare it to other companies operating in the same sector. Below is our list of companies which we rank are the closest peers to Shopify Inc.. If you feel that peers should be added or removed from this list please contact us. To run an in-depth peer analysis which compares many financial metrics click on the link below.

Stock Ticker Market Cap
Salesforce, Inc. CRM $254.3 Billion
ServiceNow, Inc. NOW $189.4 Billion
Intuit Inc. INTU $183.4 Billion
Workday, Inc. WDAY $65.8 Billion
Zoom Video Communications, Inc. ZM $20.6 Billion
Datadog, Inc. DDOG $38.9 Billion
Unity Software Inc. U $8.1 Billion
Snowflake Inc. SNOW $38.2 Billion
C3.ai, Inc. AI $2.9 Billion
Run Peer Analysis
Income Statement
Balance Sheet
Cash Flow Statement
SHOP Income Statements
Quarter Year Revenue Earnings
Q1 2024 $ 1.9 Billion -$273.0 Million
Q2 2024 $ 2.0 Billion $171.0 Million
Q4 2023 $ 2.1 Billion $657.0 Million
Q3 2023 $ 1.7 Billion $718.0 Million
Q2 2023 $ 1.7 Billion -$1.3 Billion
Q1 2023 $ 1.5 Billion $68.0 Million
Q4 2022 $ 1.7 Billion -$623.7 Million
Q3 2022 $ 1.4 Billion -$158.4 Million

View All

SHOP Balance Sheets
Quarter Year Cash & Equivalents Total Assets Total Debt Total Equity
Q1 2024 $1.6 Billion $11.1 Billion $1.1 Billion $8.9 Billion
Q2 2024 $1.5 Billion $11.3 Billion $1.1 Billion $9.2 Billion
Q4 2023 $1.4 Billion $11.3 Billion $1.2 Billion $9.1 Billion
Q3 2023 $1.3 Billion $10.5 Billion $1.1 Billion $8.3 Billion
Q2 2023 $1.6 Billion $9.7 Billion $1.1 Billion $7.5 Billion
Q1 2023 $1.7 Billion $11.0 Billion $1.4 Billion $8.5 Billion
Q4 2022 $1.6 Billion $10.8 Billion $1.4 Billion $8.2 Billion
Q3 2022 $1.4 Billion $11.2 Billion $1.3 Billion $8.7 Billion

View All

SHOP Cash Flow Statements
Quarter Year freeCashFlow capitalExpenditure netChangeInCash
Q1 2024 $232.0 Million -$6.0 Million $210.0 Million
Q2 2024 $332.3 Million -$7.0 Million -$80.6 Million
Q4 2023 $446.0 Million -$2.0 Million $126.0 Million
Q3 2023 $276.0 Million -$2.0 Million -$324.0 Million
Q2 2023 $97.0 Million -$21.0 Million -$127.0 Million
Q1 2023 $86.0 Million -$14.0 Million $89.0 Million
Q4 2022 $247.8 Million -$7.6 Million $271.1 Million
Q3 2022 -$228.0 Million -$13.9 Million -$2.0 Billion

View All

Cookies

We use cookies to offer a better browsing experience. Cookies enhance site navigation, analyze site usage, and assist in our marketing efforts. By clicking Accept. you agree to the storing of cookies on your device. To refuse all non-required cookies, click on Decline.

Accept View Terms & Conditions