Shopify Inc.

BRSE:307 Stock Report

Market Cap: CHF 126.6b

Shopify Valuation

Is 307 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 307 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 307 (CHF98.62) is trading below our estimate of fair value (CHF108.99)

Significantly Below Fair Value: 307 is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 307?

Key metric: As 307 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 307. This is calculated by dividing 307's market cap by their current earnings.
What is 307's PE Ratio?
PE Ratio100.5x
EarningsUS$1.38b
Market CapUS$138.94b

Price to Earnings Ratio vs Peers

How does 307's PE Ratio compare to its peers?

The above table shows the PE ratio for 307 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average25.2x
GDDY GoDaddy
15.1x-9.7%US$27.7b
TEMN Temenos
35.6x11.6%CHF 4.7b
VRSN VeriSign
22.9x4.6%US$19.9b
AKAM Akamai Technologies
27.2x14.8%US$14.4b
307 Shopify
100.5x18.1%CHF 138.9b

Price-To-Earnings vs Peers: 307 is expensive based on its Price-To-Earnings Ratio (100.5x) compared to the peer average (25.2x).

Price to Earnings Ratio vs Industry

How does 307's PE Ratio compare vs other companies in the European IT Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
307 100.5xIndustry Avg. 18.1xNo. of Companies26PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 307 is expensive based on its Price-To-Earnings Ratio (100.5x) compared to the European IT industry average (18.1x).

Price to Earnings Ratio vs Fair Ratio

What is 307's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

307 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio100.5x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 307's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 307 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 98.62
CHF 108.49
+10.0%
13.7%CHF 132.35CHF 71.19n/a44
Dec ’25CHF 99.40
CHF 103.11
+3.7%
14.8%CHF 128.61CHF 69.19n/a44
Nov ’25CHF 69.11
CHF 71.42
+3.3%
11.8%CHF 90.81CHF 56.22n/a44
Oct ’25CHF 67.65
CHF 68.15
+0.7%
11.4%CHF 88.85CHF 55.00n/a44
Sep ’25CHF 62.67
CHF 66.98
+6.9%
9.6%CHF 85.49CHF 55.57n/a42
Aug ’25CHF 53.23
CHF 67.88
+27.5%
11.0%CHF 88.34CHF 55.65n/a42
Jul ’25CHF 57.45
CHF 68.72
+19.6%
11.3%CHF 89.83CHF 56.59n/a40
Jun ’25CHF 52.52
CHF 69.11
+31.6%
11.1%CHF 90.22CHF 56.84n/a40
May ’25CHF 66.49
CHF 75.64
+13.8%
12.7%CHF 95.60CHF 57.36n/a40
Apr ’25n/a
CHF 72.41
0%
12.4%CHF 87.75CHF 55.28n/a39
Mar ’25CHF 67.01
CHF 72.42
+8.1%
12.9%CHF 88.43CHF 55.71n/a39
Feb ’25CHF 69.85
CHF 65.20
-6.7%
14.5%CHF 86.17CHF 48.25n/a39
Jan ’25n/a
CHF 62.19
0%
13.6%CHF 85.55CHF 45.34CHF 98.6239
Dec ’24CHF 62.40
CHF 59.72
-4.3%
10.5%CHF 71.80CHF 46.41CHF 99.4039
Nov ’24n/a
CHF 60.29
0%
11.4%CHF 72.63CHF 45.39CHF 69.1142
Oct ’24n/a
CHF 61.08
0%
10.8%CHF 71.93CHF 46.75CHF 67.6540
Sep ’24n/a
CHF 59.84
0%
11.1%CHF 70.67CHF 45.93CHF 62.6740
Aug ’24n/a
CHF 56.10
0%
14.2%CHF 69.77CHF 35.76CHF 53.2339
Jul ’24n/a
CHF 56.62
0%
14.9%CHF 71.74CHF 36.77CHF 57.4540
Jun ’24n/a
CHF 55.04
0%
17.6%CHF 72.46CHF 32.61CHF 52.5243
May ’24n/a
CHF 43.29
0%
17.8%CHF 58.25CHF 30.47CHF 66.4943
Apr ’24n/a
CHF 44.17
0%
17.4%CHF 60.22CHF 31.50n/a43
Mar ’24n/a
CHF 44.92
0%
17.6%CHF 61.16CHF 31.99CHF 67.0142
Feb ’24n/a
CHF 37.95
0%
16.9%CHF 54.52CHF 25.44CHF 69.8541
Jan ’24n/a
CHF 37.23
0%
16.2%CHF 55.76CHF 26.02n/a41

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/03 11:28
End of Day Share Price 2024/12/27 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Shopify Inc. is covered by 78 analysts. 46 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Harshit GuptaAccountability Research Corporation
Richard KramerArete Research Services LLP
Rocco StraussArete Research Services LLP