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. Shopify Inc. was incorporated in 2004 and is headquartered in Ottawa, Canada.
E-commerce Dominance | Shopify's market leadership in e-commerce platforms, with $148 billion market cap and 23.47% revenue growth, positions it for continued expansion in the $6 trillion+ secto |
Innovation & AI Edge | Explore Shopify's strategic focus on AI integration, including Sidekick, aimed at automating tasks and boosting conversion rates for merchants |
Global Growth Trajectory | Delve into Shopify's international expansion efforts, particularly in Europe, with 30-35% year-over-year GMV growth and localized product offerings |
Valuation Considerations | Analyst price targets range from $63 to $130, reflecting diverse views on Shopify's growth potential amid its high P/E ratio of 106.78 |
Metrics to compare | SHOP | Sector Sector - Average of metrics from a broad group of related Technology sector companies | Relationship RelationshipSHOPPeersSector | |
---|---|---|---|---|
P/E Ratio | 112.9x | −5.0x | 11.8x | |
PEG Ratio | 0.52 | −0.03 | 0.01 | |
Price/Book | 15.4x | 1.8x | 2.4x | |
Price / LTM Sales | 19.0x | 2.6x | 2.2x | |
Upside (Analyst Target) | 4.3% | 13.2% | 21.5% | |
Fair Value Upside | Unlock | 16.8% | 2.2% | Unlock |