Shopify Inc. (SHOP) Stock

About Shopify Inc.

Shopify Inc. functions as a premier commerce technology company, providing an extensive platform and associated services to empower businesses worldwide. Its reach extends across Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific region, and Latin America. The company's robust platform equips merchants to effectively display, organize, market, and sell their merchandise through a multitude of sales avenues. These include digital storefronts accessible via web and mobile, traditional brick-and-mortar stores, temporary pop-up locations, integrated social media channels, proprietary mobile applications, embeddable "buy buttons," and established online marketplaces. Beyond sales, the platform streamlines crucial business operations such as product and inventory management, order and payment processing, fulfillment and shipping logistics, attracting new customers and fostering client relationships, product sourcing, analytical reporting, financial administration encompassing cash, payments, and transactions, and facilitating access to working capital. Additionally, Shopify offers supplementary services like the sale of custom website themes and applications, alongside domain name registration. Its merchant-focused solutions also cover payment acceptance, efficient shipping and order fulfillment, and aid in securing necessary operating funds. Founded in 2004 under the initial name Jaded Pixel Technologies Inc., the company officially rebranded to Shopify Inc. in November 2011. Its global headquarters are located in Ottawa, Canada.

Shopify Inc. is led by CEO Tobias Lutke, employs 8,100 people, headquartered in Ottawa, CA, publicly traded since 2015.

Shopify Inc. (SHOP) stock trades at $129.17 with a market capitalization of $167.62B. The stock is valued at a price-to-earnings (P/E) ratio of 108.25, price-to-book of 10.69, price-to-sales of 11.88. Over the past 52 weeks the stock has ranged between $81.64 and $182.19, and currently trades 29.1% below its 52-week high.

On profitability, Shopify Inc. generates a return on equity (ROE) of 11.31%, return on capital employed of 10.90%, an operating margin of 12.70%, a net profit margin of 10.77%.

In its most recent fiscal year, Shopify Inc. reported annual revenue of $11.6B, net profit of $1.2B, revenue has compounded at 31.6% a year over the last five years, profit at 30.9% a year.

The balance sheet shows a debt-to-equity ratio of 0.01 — a conservative balance sheet with little leverage risk, a current ratio of 5.96, total assets of $15.2B, $1.5B in cash and equivalents.

SHOP has an average daily trading volume of 10,373,447 shares, a beta of 2.59 (more volatile than the overall market).

Official website: www.shopify.com