Commerce platform architected for vertical integration, providing an operating system for merchants across physical and digital channels. The stack includes storefronts, global payments (Shop Pay), and embedded financial services.
SHOP has successfully completed its shift toward high-fidelity execution, stabilizing as a capital-efficient Compounder (M1). The operational pivot is confirmed by a Rule of 40 score of 49.33, driven by 31.54% YoY revenue growth and a 17.79% TTM FCF margin. The immediate alpha thesis hinges on sustained FCF expansion and the platform's ability to monetize AI integrations (T6) to increase ARPU, offsetting macro rate sensitivity (C5). Current gross margin trend shows modest QoQ expansion (+0.33%), signaling pricing power as the high-margin Payments sector scales relative to overall revenue.
| Market Cap | 213.7B |
| PE Ratio (TTM) | 120.73 |
| Revenue (TTM) | 10.7B |
| Profit Margin | 0.1665 |
| 52 Week High | 182.19 |
| 52 Week Low | 69.84 |
| Price | 164.72 |
What do you have to believe?
Growth vs Discount Rate
| 12% | 9% | 7% | |
|---|---|---|---|
| High | -- | -- | -- |
| Base | -- | -- | -- |
| Low | -- | -- | -- |
■ Undervalued ■ Overvalued
| Year | Revenue | Margin | FCF | PV of FCF |
|---|---|---|---|---|
| Terminal Value (PV) | -- | |||
| Enterprise Value | -- | |||
| Equity Value (EV + Cash - Debt) | -- | |||