We have created a table that summarizes most comparable data from our previous surveys. This data is used in our relative equity valuations. For Institutional Equity Research subscribers, we are providing this table while also making all our raw data available to you on request in excel format.
#Shopify
2 posts
The speed at which Shopify (SHOP.NYSE) saw a 119% price increase off the back of withdrawing their 2020 financial guidance on April 1st took us by surprise. While a short-term pullback is possible, Shopify is taking advantage of two material catalysts with clear timelines, which we discuss in our 52-slide Powerpoint Executive Summary pitch. At the same time, valuation at US$750 per share requires investors to move away from a relative SaaS valuation thesis they may have had a few months ago and be comfortable with Shopify spending to grow into having a 2.8% market share of online small businesses […]