Added to YB: 2025-12-29
Pitch date: 2025-12-27
SHOP [bullish]
Shopify Inc.
-38.14%
current return
Author Info
Aurelion Research is a research analyst with a passion for markets, specializing in high‑conviction ideas across shipping, offshore drilling, and thematic equity research. Sign up for the newsletter.
Company Info
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.
Market Cap
$133.2B
Pitch Price
$169.75
Price Target
N/A
Dividend
N/A
EV/EBITDA
59.12
P/E
100.87
EV/Sales
10.26
Sector
IT Services
Category
growth
Actionnable Idea #1 : Shopify
SHOP: Holiday GMV surged from $2.9B (2019) to $14.6B (2025), market share rose 2.9% to 7.8%, driving payments penetration & services attach. Operating margin rebounded to mid-teens/low-20s after 2022 dip. Higher-tier merchants now mid-30s% of MRR, supporting revenue/merchant expansion. Trades 13.6x NTM EV/sales vs 15.1x LT avg, below 29.3x EV/GP avg. Upside tied to margin discipline + FCF growth as gross profit scales faster than costs.
Read full article (3 min)