Shopify (SHOP) Fundamental Analysis: Revenue, Earnings & Valuation

7.38 / 10

Outperform

Fundamentally, Shopify is rated Outperform with a 7.4/10 quality score. ROE stands at 19.58%, profit growth is exceptional (total profit +1104%, net profit +1429% YoY), and cash‑flow per share rises 70%. Tax burden and equity‑to‑liabilities ratios are weak points.

Analysis Checks(8/10)

Net cash flow from operating activities per share (YoY growth rate %)

Value70.13

Score3/3

Weight15.29%

1M Return20.13%

Annualized return on equity (%)

Value19.58

Score3/3

Weight17.02%

1M Return18.62%

Shareholders’ equity attributable to parent company / Total liabilities (%)

Value4.88

Score0/3

Weight-1.20%

1M Return-1.87%

Total profit (YoY growth rate %)

Value1104.32

Score3/3

Weight18.42%

1M Return20.15%

Net cash flow from operating activities (YoY growth rate %)

Value71.19

Score3/3

Weight14.90%

1M Return18.88%

Net profit margin (%)

Value22.74

Score2/3

Weight1.58%

1M Return1.95%

Income tax / Total profit (%)

Value9.38

Score0/3

Weight-1.66%

1M Return-2.30%

ROE (%)

Value19.58

Score3/3

Weight17.02%

1M Return18.62%

Net profit attributable to parent company shareholders (YoY growth rate %)

Value1429.55

Score3/3

Weight16.52%

1M Return18.31%

Net profit / Total operating revenue (%)

Value22.74

Score2/3

Weight2.12%

1M Return2.43%

Is SHOP undervalued or overvalued?

SHOP scores 7.38/10 on fundamentals and holds a Discounted valuation at present. Backed by its 9.84% ROE, 10.65% net margin, 123.05 P/E ratio, 11.24 P/B ratio, and -39.49% earnings growth, these metrics solidify its Outperform investment rating.