Shopify Inc. (SHOP) (Q2FY23)
Stock performance: Shopify stock gave returns of -16.1% and 98.3% in the period of three months and one year. The stock has a 52-week high of $71.43 and a 52-week low of $23.63. It gave returns of -41.6% and CAGR of -16.4% over a period of three years. The stock had a 200- Day Moving Average of $52.57 and a 50-Day Moving Average of $60.47.
Quarter Performance: Total revenue increased 31% to $1.69bn in Q2FY23, compared to $1.3bn in Q2FY22 and Gross Merchandise Volume (“GMV”) increased 17% to $55.0bn in Q2FY23, an increase of $8.2bn, compared to Q2FY22.
Guidance: In Q3FY23, revenue to grow at a low-twenties percentage rate on a Y/Y basis, which translates into a Y/Y growth rate in the mid-twenties, when adjusting for the 300 to 400bps headwind from the sale of its logistics businesses. The gross margin % to be approximately two to three percentage points higher than Q2FY23 gross margin of 49.3%.
SHOP is making efforts to add more popular consumer brands to its platform. It has recently signed deals with Soft Surroundings (women’s fashion), JAFRA Cosmetics (beauty and skincare), Hunter (boots and accessories), and even Meta, which will sell Quest through Shopify’s integrated channels.
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– 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
– Price Performance
Stock Price Performance
No of Pages: 36
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