Professional
Added to YB: 2024-09-12
Pitch date: 2024-06-30
SHOP [bullish]
Shopify Inc.
+87.69%
current return
Author Info
No bio for this author
Company Info
Shopify Inc., a commerce technology company, provides tools to start, scale, market, and run a business of various sizes in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, and Latin America.
Market Cap
$154.8B
Pitch Price
$65.96
Price Target
N/A
Dividend
N/A
EV/EBITDA
76.90
P/E
126.29
EV/Sales
12.82
Sector
IT Services
Category
value
Loomis Sayles Global Growth Fund Portfolio Holding: Shopify Inc.
SHOP: Strong Q4 with 23% rev growth to $1.9B, 23% GMV growth to $61B. Subscription rev +34%, merchant solutions +20%. Adj. op income $201M vs -$31M YoY. FCF $232M. 20%+ long-term growth potential. Competitive advantages: network effect, scale, brand. Undervalued vs intrinsic value estimate. Position increased on weakness.
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