Shopify

Valuation Analysis

About the Company

Shopify en bref

Shopify (SHOP) is currently trading at 94,99 € with a market capitalization of 123,3 Md €. The trailing P/E ratio stands at 106.72x, with a forward P/E of 46.67x. The 52-week range spans from 82,03 € to 158,99 €; the current price is 40.3% below the yearly high. Year-over-year revenue growth stands at +34.3%. The net profit margin stands at 10.77%.

💰 Dividende

Shopify currently does not pay a dividend. The company typically reinvests its earnings into growth initiatives and product development.

📊 Avis des analystes

45 analystes évaluent Shopify (SHOP) au consensus : Acheter. L'objectif de cours moyen est de 129,35 €, soit un potentiel de +36.17% par rapport au cours actuel. La fourchette des objectifs de cours des analystes va de 91,63 € à 174,54 €.

Shopify : la thèse d'investissement en détail

Shopify (SHOP) operates in the Technology — specifically Software - Application — and is headquartered in Canada. Below is a structured read of the investment case built directly from the latest fundamentals, valuation multiples, analyst positioning and smart-money flows. Each section translates raw numbers into the investment logic they imply, so you can decide whether the risk/reward fits your portfolio.

Le scénario haussier

Top-line momentum is unusually strong with revenue expanding 34.3% year-over-year, a pace that puts the company well above the market average and signals genuine demand traction rather than mere cyclical tailwind. The combination of a 47.97% gross margin and 15.71% operating margin shows the business converts revenue into profit efficiently — a hallmark of competitive moat. Wall Street consensus sits at Buy with an average price target implying roughly 36.17% upside from current levels — analyst sentiment is firmly constructive.

Le scénario baissier

With a beta near 2.59, the share price moves sharply more than the broader market — drawdowns in market corrections can be unusually severe and require strong nerves. Our valuation screen flags the stock as overvalued — current multiples imply the business needs to deliver well above its recent trajectory to justify the price.

Valorisation en contexte

The EV/EBITDA multiple of 65.81x reflects rich expectations — historically, multiples at this level have proven hard to maintain for more than a few quarters.

À surveiller

• The forward P/E of 46.67x is meaningfully below the trailing 106.72x — analysts expect earnings to step up; the next earnings release is the test.
• The price sits in the lower quartile of the 52-week range — value hunters often start scaling in around this zone if fundamentals hold.
• The analyst consensus price target implies 36.17% upside — if the next two quarters confirm the underlying thesis, target hikes typically follow.

Thèse d'investissement : forces et faiblesses

Aperçu technique

Price is below both the 50- and 200-day moving averages, with 50d below 200d — a bearish picture (death-cross alignment).

Profil de risque

The data points to above-average price swings.

Trading Data

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