Shopify Inc., a commerce technology company, provides tools to start, scale, market, and run a business of various sizes in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The Company offers Shopify platform that enables merchants to manage products and inventory, process orders and payments, fulfill and ship orders, build customer relationships, source products, leverage analytics, and reporting and access financing for running their business across all of their sales channels, including web and mobile storefronts, physical retail locations, social media storefronts, and marketplaces. It also provides Shopify Payments, a fully integrated payment processing service that allows merchants to accept and process payment cards online and offline. In addition, the company engages in the sale of themes and apps; shipping labels through Shopify Shipping; point-of-sale hardware; advertising on the Shopify App Store; and Shop Campaigns for buyer acquisitions, as well as registration of domain names. 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 based 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 | |
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P/E Ratio | 60.3x | −1.5x | 11.6x | |
PEG Ratio | 0.04 | −0.02 | 0.01 | |
Price/Book | 10.5x | 1.3x | 2.4x | |
Price / LTM Sales | 13.7x | 4.0x | 2.1x | |
Upside (Analyst Target) | 44.7% | 42.9% | 26.9% | |
Fair Value Upside | Unlock | 3.3% | 5.4% | Unlock |