Shopify Inc - Class A chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 4.42
Dividend & YieldN/A$ (N/A)
Beta 1.97
Market capitalization 55.4B
Operating cash flow -136.45M
ESG Scores unknown

Company description

Shopify Inc., a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company's platform enables merchants to displays, manages, markets, and sells its products through various sales channels, including web and mobile storefronts, physical retail locations, pop-up shops, social media storefronts, native mobile apps, buy buttons, and marketplaces; and enables to manage products and inventory, process orders and payments, fulfill and ship orders, new buyers and build customer relationships, source products, leverage analytics and reporting, manage cash, payments and transactions, and access financing. It also sells custom themes and apps, and registration of domain names; and merchant solutions, which include accepting payments, shipping and fulfillment, and securing working capital. The company was formerly known as Jaded Pixel Technologies Inc. and changed its name to Shopify Inc. in November 2011. Shopify Inc. was incorporated in 2004 and is headquartered in Ottawa, Canada.

Sector: Technology - Industry: Software—Application

Financial Ratios
Quick Ratio12.15
Working Capital0.37
Return On Equity0.26
Debt To Equity0.08
Fixed Asset Ratio0.01
Fixed Interest Cover85.54

Financial data

Financial Statements

Cashflow Statement 2019-12-31 2020-12-31 2021-12-31 2022-12-31
Change To Liabilities 159.48M 188.56M 447.46M 341.72M
Total Cashflows From Investing Activities -569.48M -1.93B -2.38B -718.57M
Net Borrowings 907.95M 907.95M
Total Cash From Financing Activities 736.35M 3.56B 1.65B 17.55M
Change To Operating Activities -85.16M -150.04M -550.07M -331.53M
Issuance Of Stock 736.35M 2.65B 1.66B 17.55M
Net Income -124.84M 319.51M 2.91B -3.46B
Change In Cash 239.23M 2.05B -200.6M -853.66M
Effect Of Exchange Rate 1.74M 3.22M -7M -16.2M
Total Cash From Operating Activities 70.61M 424.96M 535.71M -136.45M
Depreciation 28.19M 61.03M 66.31M 90.52M
Change To Account Receivables -56.18M -29.15M -72.3M -104.52M
Other Cashflows From Financing Activities -10.53M -10.53M -10.53M
Change To Netincome 141.66M 120.35M -2.32B 3.33B
Capital Expenditures -56.76M -41.73M -50.79M -50.02M

Income Statement 2019-12-31 2020-12-31 2021-12-31 2022-12-31
Research Development 355.01M 518M 818.79M 1.49B
Income Before Tax -95.81M 240.36M 3.14B -3.62B
Net Income -124.84M 319.51M 2.91B -3.46B
Selling General Administrative 626.61M 803.52M 1.22B 1.73B
Gross Profit 865.64M 1.54B 2.48B 2.75B
Ebit -115.98M 173.62M 380.5M -475.56M
Operating Income -115.98M 173.62M 380.5M -475.56M
Interest Expense -9.09M -9.09M -3.49M -3.5M
Income Tax Expense 29.03M -79.14M 225.93M -162.43M
Total Revenue 1.58B 2.93B 4.61B 5.6B
Cost Of Revenue 712.53M 1.39B 2.13B 2.85B
Total Other Income ExpenseNet 20.16M 66.74M 2.76B -3.15B
Net Income From Continuing Ops -124.84M 319.51M 2.91B -3.46B
Net Income Applicable To Common Shares -124.84M 319.51M 2.91B -3.46B

Balance Sheet Statement 2019-12-31 2020-12-31 2021-12-31 2022-12-31
Total Liabilities 473.75M 1.36B 2.21B 2.52B
Total Stockholder Equity 3.02B 6.4B 11.13B 8.24B
Other Current Liabilities 132.41M 143.57M 264.89M 358.84M
Total Assets 3.49B 7.76B 13.34B 10.76B
Common Stock 3.26B 6.12B 8.04B 8.75B
Other Current Assets 133.45M 236.84M 432.84M 428.45M
Retained Earnings -304.22M 15.29M 2.94B -522.28M
Treasury Stock 1.05M 8.77M -5.97M -16.47M
Cash 649.92M 2.7B 2.5B 1.65B
Total Current Liabilities 316.38M 438.33M 702.73M 856.01M
Other Stockholder Equity 1.05M 8.77M -5.97M -16.47M
Property, Plant, and Equipment 246.17M 211.48M 301.91M 485.97M
Total Current Assets 2.74B 6.88B 8.54B 6.05B
Net Tangible Assets 2.54B 5.95B 10.64B 6.01B
Net Receivables 119.89M 218.52M 266.93M 486.91M
Accounts Payable 90.52M 168.72M 284.01M 363.78M


Insider Transactions

Here are the insider transactions of stock shares related to Shopify Inc - Class A:

Filer Name Transaction Text Ownership Date Filer Relation Shares
Finkelstein (Harley Michael)D2022-11-25Senior Officer of Issuer5.99k
Finkelstein (Harley Michael)Acquisition or disposition in the public market at price 36.34 per share.D2022-11-25Senior Officer of Issuer3.31k
Finkelstein (Harley Michael)Acquisition or disposition under a purchase/ownership plan at price 36.36 per share.D2022-11-25Senior Officer of Issuer1.71k
Shannan (Tobyn David)D2022-11-25Senior Officer of Issuer11.98k
Ashe (Robert Gerard)D2022-11-23Director of Issuer425k
Finkelstein (Harley Michael)Acquisition or disposition under a purchase/ownership plan at price 38.29 per share.D2022-11-18Senior Officer of Issuer1.71k
Finkelstein (Harley Michael)Acquisition or disposition under a purchase/ownership plan at price 38.28 per share.D2022-11-18Senior Officer of Issuer2.96k
Finkelstein (Harley Michael)Exercise of options at price 6.21 per share.D2022-11-15Senior Officer of Issuer1.5k
Finkelstein (Harley Michael)Acquisition or disposition under a purchase/ownership plan at price 41.00 per share.D2022-11-15Senior Officer of Issuer1.5k
Nejatian (Kasra)D2022-11-15Senior Officer of Issuer2.67k
Nejatian (Kasra)D2022-11-14Senior Officer of Issuer4.94k
Nejatian (Kasra)Acquisition or disposition in the public market at price 38.98 per share.D2022-11-14Senior Officer of Issuer613
Nejatian (Kasra)D2022-11-14Senior Officer of Issuer1.33k
Shannan (Tobyn David)D2022-11-14Senior Officer of Issuer2.22k
Finkelstein (Harley Michael)Exercise of options at price 6.21 per share.D2022-11-11Senior Officer of Issuer1.5k
Finkelstein (Harley Michael)Acquisition or disposition under a purchase/ownership plan at price 40.00 per share.D2022-11-11Senior Officer of Issuer1.5k
Finkelstein (Harley Michael)Acquisition or disposition under a purchase/ownership plan at price 36.42 per share.D2022-11-11Senior Officer of Issuer1.71k
Finkelstein (Harley Michael)Acquisition or disposition under a purchase/ownership plan at price 38.01 per share.D2022-11-11Senior Officer of Issuer8.88k
Finkelstein (Harley Michael)Acquisition or disposition under a purchase/ownership plan at price 34.76 per share.D2022-11-04Senior Officer of Issuer1.71k
Lutke (Tobias Albin)Acquisition or disposition in the public market at price 35.34 per share.I2022-10-31Director of Issuer282.94k
Finkelstein (Harley Michael)Acquisition or disposition under a purchase/ownership plan at price 33.85 per share.D2022-10-28Senior Officer of Issuer1.71k
Nejatian (Kasra)D2022-09-08Senior Officer of Issuer
Shannan (Tobyn David)D2022-09-06Senior Officer of Issuer1.95k
Shannan (Tobyn David)Acquisition or disposition in the public market at price 30.09 per share.D2022-09-06Senior Officer of Issuer1.08k
Shapero (Amy Elizabeth)Acquisition or disposition in the public market at price 30.09 per share.D2022-09-06Senior Officer of Issuer1.3k
Shapero (Amy Elizabeth)D2022-09-06Senior Officer of Issuer2.28k
Finkelstein (Harley Michael)D2022-09-06Senior Officer of Issuer2.12k
Finkelstein (Harley Michael)Acquisition or disposition in the public market at price 30.09 per share.D2022-09-06Senior Officer of Issuer1.17k
Finkelstein (Harley Michael)D2022-09-02Senior Officer of Issuer4.47k
Finkelstein (Harley Michael)Acquisition or disposition in the public market at price 31.10 per share.D2022-09-02Senior Officer of Issuer2.5k
Shannan (Tobyn David)D2022-09-02Senior Officer of Issuer2.69k
Shannan (Tobyn David)Acquisition or disposition in the public market at price 31.10 per share.D2022-09-02Senior Officer of Issuer1.5k
Shapero (Amy Elizabeth)D2022-09-02Senior Officer of Issuer5.37k
Shapero (Amy Elizabeth)Acquisition or disposition in the public market at price 31.10 per share.D2022-09-02Senior Officer of Issuer3.43k
Shapero (Amy Elizabeth)D2022-08-24Senior Officer of Issuer5.39k
Shapero (Amy Elizabeth)Acquisition or disposition in the public market at price 33.36 per share.D2022-08-24Senior Officer of Issuer2.85k
Finkelstein (Harley Michael)D2022-08-24Senior Officer of Issuer5.99k
Finkelstein (Harley Michael)Acquisition or disposition in the public market at price 33.36 per share.D2022-08-24Senior Officer of Issuer3.2k
Shannan (Tobyn David)D2022-08-24Senior Officer of Issuer11.98k
Shannan (Tobyn David)Acquisition or disposition in the public market at price 33.36 per share.D2022-08-24Senior Officer of Issuer6.4k
Shannan (Tobyn David)D2022-08-15Senior Officer of Issuer2.22k
Shannan (Tobyn David)Acquisition or disposition in the public market at price 39.61 per share.D2022-08-15Senior Officer of Issuer1.27k
Shannan (Tobyn David)D2022-06-28Senior Officer of Issuer208.4k
Shapero (Amy Elizabeth)D2022-06-28Senior Officer of Issuer234.56k
Hertz (Jessica)D2022-06-28Senior Officer of Issuer1.32k
Johnston, ColleenD2022-06-28Director of Issuer10.01k
Levine (Jeremy S)D2022-06-28Director of Issuer648.47k
Lutke (Tobias Albin)D2022-06-28Director of Issuer266.55k
Lutke (Tobias Albin)I2022-06-28Director of Issuer47.25k
Ashe (Robert Gerard)D2022-06-28Director of Issuer88.86k
Finkelstein (Harley Michael)D2022-06-28Senior Officer of Issuer32.39k

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to Shopify Inc - Class A. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on Shopify Inc - Class A

Here is the result of two systematic investment strategies applied to Shopify Inc - Class A. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on Shopify Inc - Class A

The following chart shows the equity curve of the two systematic investment strategies applied to Shopify Inc - Class A:

Shopify Inc - Class A automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 158.81% on the backtest period.

Performance at glance

Performance

158.81 %

Latent gain

8860.6 $

Invested capital

5579.4 $

Annualized return

38.36 %
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Momentum strategy results on Shopify Inc - Class A

This is the result of two momentum investment strategies applied to Shopify Inc - Class A. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on Shopify Inc - Class A

The following chart shows all the entries opened by the momentum investment system on Shopify Inc - Class A:

Shopify Inc - Class A momentum entries
  • The first momentum investment strategy would give 272.39% of return on Shopify Inc - Class A. That represents 24293.44$ of latent gain with 8918.56$ of employed capital.
  • The second momentum investment strategy would give 325.72% of return on Shopify Inc - Class A. That represents 27620.17$ of latent gain with 8479.83$ of employed capital.
Performance at glance (1Q Momentum)

Performance

272.39 %

Latent gain

24293.44 $

Invested capital

8918.56 $

Annualized return

26.19 %
Performance at glance (2Q Momentum)

Performance

325.72 %

Latent gain

27620.17 $

Invested capital

8479.83 $

Annualized return

88.99 %

Momentum equity curve on Shopify Inc - Class A

The following chart shows the equity curve of the two momentum strategies applied to Shopify Inc - Class A:

Shopify Inc - Class A momentum equity

Note: the dividends potentially given by Shopify Inc - Class A are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Shopify Inc - Class A

The following chart shows the employed capital evolution of the two momentum strategies on Shopify Inc - Class A since the beginning:

Shopify Inc - Class A

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Buy the dip strategy result on Shopify Inc - Class A

Buy the dip entry openings on Shopify Inc - Class A

Shopify Inc - Class A

The performance achieved by the robo-advisor on Shopify Inc - Class A is 56.04%. That represents 518.57$ of latent gain with 925.43$ of employed capital. The following chart shows Shopify Inc - Class A stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of Shopify Inc - Class A, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

56.04 %

Latent gain

518.57 $

Invested capital

925.43 $

Annualized return

26.19 %

Equity curve of the strategy applied to Shopify Inc - Class A

The following chart shows the result of the investment strategy applied to Shopify Inc - Class A:

Shopify Inc - Class A

Note: the dividends potentially given by Shopify Inc - Class A are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Shopify Inc - Class A

The following chart shows the employed capital evolution since the beginning of the investment strategy on Shopify Inc - Class A:

Shopify Inc - Class A

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on Shopify Inc - Class A

In this section, I will compare the three previous investment strategies applied to Shopify Inc - Class A.

Equity curve comparison on Shopify Inc - Class A

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

Shopify Inc - Class A investment strategy comparison

Employed capital comparison on Shopify Inc - Class A

Shopify Inc - Class A investment comparison

Performance comparison on Shopify Inc - Class A

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 158.81% 8860.6$ 5579.4$ 38.36%
Momentum 1 quarter 272.39% 24293.44$ 8918.56$ 69.84%
Momentum 2 quarters 325.72% 27620.17$ 8479.83$ 88.99%
Non-directional 56.04% 518.57$ 925.43$ 26.19%
Annualized return comparison

Automatic investment

38.36 %

Momentum 1Q

88.99 %

Momentum 2Q

88.99 %

Non-directional

26.19 %

Correlated stocks

Here are the most positively and negatively correlated stocks with Shopify Inc - Class A:

Positive correlations

Most correlated stocks this year

  • Shopify Inc - Class A

  • Most correlated stocks last 3 months

  • Emmis Corp - Class A
  • Shopify Inc - Class A

  • Negative correlation

    Most negatively correlated stocks this year


    Most negatively correlated stocks last 3 months


    Note: The algorithm computes the probability of correlation between Shopify Inc - Class A and the other stocks. There may be false positives or some missing correlated stocks. If the price of Shopify Inc - Class A does not vary for 36 weeks, the correlation calculation result will be wrong.


    Company information

    Company name Shopify Inc - Class A
    Country Canada
    City Ottawa
    Address 151 O'Connor Street
    Phone
    Website www.shopify.com
    FullTime employees 11600
    Industry Software—Application
    Sector Technology
    Exchange XNYS
    Ticker SHOP
    Market www.nyse.com

    Shopify Inc - Class A ESG Scores

    Environment scores

    Environment ESG Factors Scores
    Environment Score 0
    Peer Environment Performance unknown
    Environment Percentile unknown
    Palm Oil unknown
    Nuclear unknown
    Fur Leather unknown
    GMO unknown
    Coal unknown
    Pesticides unknown
    Animal Testing unknown

    Social scores

    Social ESG Factors Scores
    Social Score 0
    Peer Social Performance unknown
    Social Percentile unknown
    Highest Controversy unknown
    Peer Highest Controversy Performance unknown
    Adult unknown
    Gambling unknown
    Alcoholic unknown
    Tobacco unknown
    Catholic unknown
    Controversial Weapons unknown
    Small Arms unknown
    Military Contract unknown
    Peer Count unknown

    Related Controversy:


    Governance scores

    Governance ESG Factors Scores
    Governance Score 0
    Peer Governance Performance unknown
    Governance Percentile unknown

    ESG at glance
    Total ESG Scores: unknown
    Environment Score: 0
    Social Score: 0
    Governance Score: 0

    ESG Performance: unknown

    Peer Group: unknown

    Peer Esg Score Performance: unknown

    Rating Year: unknown

    Rating Month: unknown

    Max Age: unknown

    Percentile: unknown