Calculated
DCF
Free cash flow, growth, discount rate, and terminal growth form an intrinsic value range.
41.00 USD70.95 USD95.82 USD
+70.44%
70.95 USDCurrent price is 70.4% above the base model value.
S
US
SHOP.US · SHOPIFY INC.
US · US
Latest price120.93 USD
30D-22.04%
Vs. base value+253%
Research summary
SHOP.US latest organized financial period shows revenue grew +30.14% YoY and net income declined -39.03% YoY. Current price is about 121 USD, while the model base case is about 34.25 USD; the current price sits +253% versus the base case. The page shows both reported and adjusted views; valuation still defaults to reported figures, while adjusted figures help isolate structured one-time-item impact. This summary is intended for public-information research and model review.
Key financial trend
Annual financial metrics with switchable views. · Unit: USD
Revenue12B USD
Net income1B USD
Free cash flow2B USD
Operating cash flow2B USD
Price trend
Price date: 2026/04/29 · Updated: 2026/04/29 15:22
Valuation model range
Hover each model row to inspect formulas and inputs.
Current price120.93 USD
Base value34.25 USD
Vs. base+253%
Price date2026/04/29
21.17 USD34.25 USD44.63 USD
+253%
Calculated
Owner Earnings
Uses recent net income as an owner-earnings proxy and discounts scenario growth.
21.17 USD34.25 USD44.63 USD
+253%
34.25 USDCurrent price is 253.1% above the base model value.Adjusted reference: 50.61 USD
Calculated
Reverse DCF
Solves the forward FCF growth rate implied by the current price.
Implied growth23.1%
Current price implies roughly 23.1% annualized FCF growth.
23.1%Current price implies roughly 23.1% annualized FCF growth.
Calculated
Earnings Power Value
Estimates earnings power value without assuming growth.
6.28 USD6.28 USD6.28 USD
+1,826%
6.28 USDCurrent price is 1825% above the base model value.
Updated: 2026/04/29 15:22
Valuation basis and non-recurring items
Collapsed by default. Expand to inspect structured one-time items and adjusted figures without making them the primary page focus.
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Valuation basis and non-recurring items
Collapsed by default. Expand to inspect structured one-time items and adjusted figures without making them the primary page focus.
A positive amountAfterTax means the item increased reported net income; a negative value means it reduced reported net income. Adjusted net income = reported net income minus total after-tax impact. Valuation defaults to reported figures; adjusted figures are shown to observe one-time-item impact.
| Period | Item | Category | After-tax impact | Confidence |
|---|---|---|---|---|
| 2022/12/31 | Asset impairment | Impairment | -197M USD | Medium |
| 2022/12/31 | Litigation settlement | Litigation | -77K USD | Medium |
| 2021/12/31 | Asset impairment | Impairment | -48M USD | Medium |
| 2020/12/31 | Asset impairment | Impairment | -50M USD | Medium |
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Quarterly and annual financial table
Financial DetailsShowing latest 5 / 14
| Period | Type | Revenue | Net Income | Adjusted net income | Free Cash Flow | Diluted EPS | Adjusted EPS |
|---|---|---|---|---|---|---|---|
| 2025/12/31 | Annual | 12B USD | 1B USD | - | 2B USD | 0.94 | - |
| 2024/12/31 | Annual | 9B USD | 2B USD | - | 2B USD | 1.55 | - |
| 2023/12/31 | Annual | 7B USD | 132M USD | - | 905M USD | 0.1 | - |
| 2022/12/31 | Annual | 6B USD | -3B USD | -3B USD | -186M USD | -2.73 | -2.57 |
| 2021/12/31 | Annual | - | 3B USD | 3B USD | 454M USD | 22.9 | 23.27 |
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