The e-commerce platform is about as big now as Amazon was in 2007. But does the stock give buyers the same room to grow?
Key Points
Shopify’s revenue in the last 12 months was around $13.3 billion, near Amazon’s $14.8 billion in 2007.
Shopify’s revenue is just around 3% of the value of the orders placed through its platform.
Shopify’s market value is around 92 times its free cash flow, versus about 33 times for Amazon at the end of 2007.
Investors who bought Amazon(NASDAQ:AMZN) stock at the end of 2007 have watched their shares climb over 50-fold since then. It’s natural to ask what e-commerce company could do something similar next.
With its stock near a record, Shopify(NASDAQ:SHOP) is a clear candidate. Shares of the e-commerce software company closed at a record $179.22 earlier this week, and they trade around $170 as I write.
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https://www.aol.com/articles/could-shopify-stock-repeat-amazons-051702000.html
