Shopify Inc. (SHOP) – New initiatives creating synergies for growth in FY24

Shopify Inc. (SHOP) (Q1FY23)

Introduction

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.

Highlights

SHOP has launched Commerce Components, which is a modern composable stack for enterprise retailers. This solution allows retailers to choose and integrate Shopify components with their existing systems, resulting in excellent client experiences. This solution has opened up opportunities with retailers who were previously unaware of Shopify’s capabilities.

Stock performance

Shopify’s stock gave returns of 43.5% and 100.6% in the period of three months and one year. The stock has a 52-week high of $67.36 and a 52-week low of $23.63. The stock gave returns of -34.3% and CAGR of -13.1% over a period of three years. The stock had a 200- Day Moving Average of $44.18 and a 50-Day Moving Average of $59.54.

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Highlights

Valuation

– Enterprise Value
– CrispIdea Forecast
– CrispIdea Segment Forecast
– Economic Value Added Analysis
– P/E Analysis
– Peer Valuation
– CrispIdea Forecast Relative to Consensus
– Consensus History and Surprise
– Consensus Momentum

Actual & Historical Performance

– Income Statement
– Balance Sheet
– Cash Flow
– 10 Year Historical Performance
– Ratio Analysis
– Du Pont Analysis
– ROIC & ROCE Analysis
– Segment Performance
– Key Metrics
– M&A Deals

Peer Performance

– Summary
– Profitability
– Growth
– Price Performance

Ownership

Stock Price Performance

Crispidea Coverage

No of Pages : 34

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