SHOPD.BA
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"title": "Shopify: Wait For The Inevitable Dip (NYSE:SHOP)",
"description": "Shopify Inc. stock has doubled in value from $40 to nearly $80 in just a few months, reducing the current appeal. Explore more details here.",
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"snippet": "JHVEPhoto\n\nShopify Inc. (NYSE:SHOP) is a prime example of a stock obtainable at just above $40 only a few months ago that the market is now chasing at nearly $8...",
"url": "https://seekingalpha.com/article/4680807-shopify-wait-for-the-inevitable-dip",
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"published_at": "2024-03-27T19:24:58.000000Z",
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"highlight": "JHVEPhoto\n\n<em>Shopify</em> <em>Inc</em>. (NYSE:SHOP) is a prime example of a stock obtainable at just above $40 only a few months ago that the market is now chasing at nearly $80. The e-commerce platform even dashed investor sentiment last month after a meager Q4 '23 beat, yet the stock has rebounded to multi-year highs on strong growth potential.",
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"highlight": "<em>Shopify</em> now lists a total addressable market, or TAM, of ~$850 billion for a company that just topped $7 billion in sales last year, and only has a limited business in the largest category of Offline and B2B.",
"sentiment": -0.34,
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"highlight": "Source: <em>Shopify</em> '23 Investor Day presentation\n\n<em>Shopify</em> reported 24% growth in Q4 '23, but the pro-forma growth rate was actually 30% when excluding the logistics business. The commerce infrastructure provider forecasts 2024 growth rates of low-20% levels when excluding the logistics business from the comps.",
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"highlight": "<em>Shopify</em> is forecast to top $10 billion in sales in 2025.\n\nSource: Seeking Alpha\n\nPartly due to dumping the logistics business, <em>Shopify</em> is now generating strong cash flows.",
"sentiment": 0.4754,
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"highlight": "Investors need to keep in mind that <em>Shopify</em> has more of an infrastructure type of margin business, not a software business producing 80% gross margins. In essence, the company has a gross margin profile in the 50% range with Q4'23 gross margin hitting 49.5%.",
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"highlight": "<em>Shopify</em> has a 52-week low of $43.50 and traded down to $25 in mid-2022. While the stock now trades at over 11x revenue targets for 2024, investors shouldn't assume the only opportunity is to acquire the stock at a massive current premium.",
"sentiment": 0.1779,
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"highlight": "Data by YCharts\n\nWhile 10x sales is a normal EV/S multiple for a fast growing technology stock, <em>Shopify</em> doesn't have the gross margins to warrant a more software type multiple. The stock trades at a market cap topping $100 billion, or over 100x free cash flows.",
"sentiment": 0.6824,
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"highlight": "Investors that like <em>Shopify</em> can definitely buy a starter position here, but the ideal option is to just wait for dips. For the stock to rally meaningfully from these levels, <em>Shopify</em> would need to trade up at an irrational 15x EV/S targets for a company only targeting organic 20% growth rates.",
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"highlight": "Takeaway\n\nThe key investor takeaway is that <em>Shopify</em> <em>Inc</em>. has a huge growth run rate with a massive TAM opportunity for their e-commerce platform.",
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"highlight": "Even for an investor projecting 20% growth rates for an infinite period of time, the stock is currently expensive and will ultimately run into periods of market selloffs where <em>Shopify</em> will offer a better valuation for investors and boost long-term capital returns.",
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Sentiment
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Other details
Exchange
- Buenos Aires Stock Exchange
- equity
- N/A
- ar