Shopify's first-quarter results were better than both the firm’s outlook and FactSet consensus estimates. Revenue grew 34% year over year to $3.17 billion, while non-GAAP operating margin was 16.4%. Near-term guidance is consistent with our expectations and recent trends.
Shopify’s growth has been strong and is expected to remain so, with robust new merchant adds, increasing GMV, and high attach rates.
Shopify has traded at lofty valuations at times, and while it might continue to generate strong growth, the company may still fail to live up to optimistic assumptions embedded in the share price.
|
Metric
|
SHOP
|
AMZN
|
ADBE
|
|---|---|---|---|
Price/Earnings (Normalized) | 71.60 | 35.35 | 11.47 |
Price/Book Value | 11.40 | 5.99 | 8.93 |
Price/Sales | 11.58 | 3.59 | 4.32 |
Price/Cash Flow | 61.50 | 15.07 | 10.83 |
|
Metric
|
SHOP
|
AMZN
|
ADBE
|
|---|---|---|---|
Quick Ratio | 6.05 | 1.01 | 0.79 |
Current Ratio | 6.20 | 1.18 | 0.91 |
Interest Coverage | — | 44.83 | 33.99 |
|
Metric
|
SHOP
|
AMZN
|
ADBE
|
|---|---|---|---|
Return on Assets (Normalized) | 15.30% | 11.13% | 31.52% |
Return on Equity (Normalized) | 17.94% | 22.63% | 77.52% |
Return on Invested Capital (Normalized) | 14.80% | 15.75% | 49.79% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| SAP SE ADR
SAP
| Tgmgbdtsy | Fwscl | $219B | |||
| Salesforce Inc
CRM
| Rtpcnjl | Kbmjcp | $152B | |||
| Uber Technologies Inc
UBER
| Rtkrrlyn | Fgzljg | $144B | |||
| ServiceNow Inc
NOW
| Fwshjvcz | Nljhqd | $116B | |||
| Cadence Design Systems Inc
CDNS
| Cfjqrhzgq | Rjnt | $104B | |||
| Adobe Inc
ADBE
| Vstbwwkcwg | Kknrp | $102B | |||
| Automatic Data Processing Inc
ADP
| Kwxxsmpz | Vdzmgl | $93B | |||
| Datadog Inc Class A
DDOG
| Syjpxfsnp | Gdv | $83B | |||
| Snowflake Inc Ordinary Shares
SNOW
| Jjvxnlmx | Bvtq | $83B |
/author-service-images-prod-us-east-1.publishing.aws.arc.pub/morningstar/eac97a65-70a3-4d46-a9d1-f3eb40aed83f.jpg)
United States