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Is this Large Market Cap Stock target price reasonable for Shopify Inc. (NYSE:SHOP)?

The company in question is, Shopify Inc. (NYSE:SHOP) currently with a stock price of 42.83 (1.75% today). The market cap for Shopify Inc. is 3390.77, and is in the sector Technology, and Application Software industry. The target price for Shopify Inc. is 45.06. Currently Shopify Inc. is trading with a P/E of *TBA, and a forward P/E of *TBA. Average volume for Shopify Inc. is 1049.84 and so far today it is 272572.

Performance in the last year for Shopify Inc. has been 25.12%. For EPS growth, Shopify Inc. has seen a growth of -1.60%, and is looking to grow in the next year to 60.00%. More long term stats show that EPS growth has been *TBA over the last five years and could be 25.00% for the next five years. Shopify Inc. has seen sales growth quarter over quarter at 92.90%, with EPS growth quarter over quarter at -138.30%. The 20-day simple moving average is 2.90%, with the 200-day simple moving average coming to 38.23%.

Since the IPO date for Shopify Inc. on the 5/20/2015, Shopify Inc. has seen performance year to date to be 63.14%. With Shopify Inc. trading at 42.83, the dividend yield is *TBA, and the EPS is -0.36.

So could Shopify Inc., be undervalued? Well as said before P/E is *TBA. The PEG is *TBA, P/S is 12.01 and the P/B is at 18.14. The P/cash is 18.88, with P/free cash flow at *TBA.

Shopify Inc. ability to deal with debt shows that the current ratio is 3.9, and the quick ratio is 3.9. This is with long term debt/equity at 0.06, and total debt/equity at 0.07.

In terms of margins, Shopify Inc. has a gross margin of 53.00%, an operating margin of -10.30% and a profit margin of -10.00%.Payout ratio for Shopify Inc. is *TBA. Return on assets come to -11.60% with return on investment coming to -8.60%.

Insider ownership for Shopify Inc., is at *TBA and institutional ownership comes to 65.60%. Outstanding shares are at 80.56. While shares float is 45.48. The float short is currently 3.47%, and short ratio is 1.5.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

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Peter Clarke

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