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.
Missed AI’s “Act 1”? Act 2 Could Be 15x Bigger. Most investors think they missed the AI boat because they didn’t buy Nvidia in 2005. But according to our…
https://www.aol.com/articles/could-shopify-stock-repeat-amazons-051702000.html