Shopify Inc.

DB:307 Stock Report

Market Cap: €132.7b

Shopify Valuation

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

Valuation Score

0/6

Valuation Score 0/6

  • 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 (€102.32) is trading above our estimate of fair value (€101.36)

Significantly Below Fair Value: 307 is trading above our estimate of fair value.

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 Ratio99.9x
EarningsUS$1.38b
Market CapUS$138.20b

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 Average50.3x
IOS IONOS Group
21.7x18.9%€3.2b
SAP SAP
95.7x40.8%€262.8b
NEM Nemetschek
67.5x18.6%€11.5b
BC8 Bechtle
16.2x9.4%€4.0b
307 Shopify
99.9x17.2%€138.2b

Price-To-Earnings vs Peers: 307 is expensive based on its Price-To-Earnings Ratio (99.9x) compared to the peer average (50.3x).

Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
307 99.9xIndustry Avg. 17.9xNo. of Companies3PE01224364860+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 307 is expensive based on its Price-To-Earnings Ratio (99.9x) compared to the European IT industry average (17.9x).

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 Ratio99.9x
Fair PE Ratio42.7x

Price-To-Earnings vs Fair Ratio: 307 is expensive based on its Price-To-Earnings Ratio (99.9x) compared to the estimated Fair Price-To-Earnings Ratio (42.7x).

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
Current€102.32
€109.25
+6.8%
15.4%€136.91€73.65n/a44
Nov ’25€72.91
€76.34
+4.7%
11.8%€97.07€60.09n/a44
Oct ’25€70.75
€72.75
+2.8%
11.4%€94.86€58.72n/a44
Sep ’25€66.52
€70.42
+5.9%
9.6%€89.88€58.42n/a42
Aug ’25€52.99
€70.77
+33.5%
11.0%€92.10€58.02n/a42
Jul ’25€59.80
€71.41
+19.4%
11.3%€93.35€58.81n/a40
Jun ’25€54.00
€70.61
+30.8%
11.1%€92.18€58.07n/a40
May ’25€68.83
€77.49
+12.6%
12.7%€97.93€58.76n/a40
Apr ’25€72.70
€75.46
+3.8%
12.4%€91.44€57.61n/a39
Mar ’25€70.15
€75.77
+8.0%
12.9%€92.52€58.29n/a39
Feb ’25€72.85
€69.79
-4.2%
14.5%€92.23€51.65n/a39
Jan ’25€71.50
€66.00
-7.7%
13.6%€90.80€48.12n/a39
Dec ’24€67.35
€62.67
-7.0%
10.5%€75.34€48.70n/a39
Nov ’24€45.76
€62.85
+37.3%
11.4%€75.70€47.32€72.9142
Oct ’24€52.55
€63.73
+21.3%
10.8%€75.05€48.78€70.7540
Sep ’24€62.00
€62.43
+0.7%
11.1%€73.74€47.93€66.5240
Aug ’24€61.25
€58.50
-4.5%
14.2%€72.75€37.29€52.9939
Jul ’24€58.95
€57.85
-1.9%
14.9%€73.30€37.56€59.8040
Jun ’24€54.35
€56.64
+4.2%
17.6%€74.57€33.56€54.0043
May ’24€43.84
€44.03
+0.4%
17.8%€59.25€30.99€68.8343
Apr ’24€44.31
€44.71
+0.9%
17.4%€60.95€31.88€72.7043
Mar ’24€37.73
€45.26
+20.0%
17.6%€61.61€32.23€70.1542
Feb ’24€45.96
€38.02
-17.3%
16.9%€54.62€25.49€72.8541
Jan ’24€32.30
€37.65
+16.6%
16.2%€56.39€26.32€71.5041
Dec ’23€41.29
€38.94
-5.7%
16.0%€58.87€27.47€67.3539
Nov ’23€35.30
€40.09
+13.6%
16.0%€60.22€28.10€45.7639

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

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