Shopify Stock Net Asset

SHOP Stock

USD 94.01 2.58 2.67%

Shopify fundamentals help investors to digest information that contributes to Shopify's financial success or failures. It also enables traders to predict the movement of Shopify Stock. The fundamental analysis module provides a way to measure Shopify's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Shopify stock.

Short Long Term Debt Total Total Assets

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Shopify Company Net Asset Analysis

Shopify's Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.

Net Asset

Current Market Value

-

Current Liabilities

More About Net Asset | All Equity Analysis

Current Shopify Net Asset

13.92 B

Most of Shopify's fundamental indicators, such as Net Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Shopify is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Shopify Net Asset Driver Correlations

Understanding the fundamental principles of building solid financial models for Shopify is extremely important. It helps to project a fair market value of Shopify Stock properly, considering its historical fundamentals such as Net Asset. Since Shopify's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Shopify's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Shopify's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Tangible Assets	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Good Will	Short Term Investments	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Property Plant Equipment	Deferred Long Term Liab	Long Term Debt Total	Capital Surpluse	Cash And Equivalents	Net Invested Capital	Net Working Capital	Capital Stock	Long Term Debt	Long Term Investments	Short Long Term Debt
Total Assets		1.0	0.96	0.96	-0.5	0.63	0.97	0.76	0.59	0.9	0.98	0.91	0.64	0.43	0.99	0.95	0.79	0.98	0.36	0.87	0.97	0.92	0.96	0.91	0.89	-0.59
Total Stockholder Equity	1.0		0.96	0.95	-0.51	0.65	0.96	0.74	0.57	0.9	0.98	0.91	0.65	0.41	0.98	0.94	0.8	0.97	0.37	0.87	0.96	0.92	0.95	0.91	0.89	-0.6
Net Tangible Assets	0.96	0.96		0.88	-0.67	0.69	0.9	0.77	0.55	0.96	0.93	0.96	0.47	0.49	0.94	0.84	0.79	0.93	0.55	0.93	0.96	0.98	0.91	0.8	0.8	-0.43
Current Deferred Revenue	0.96	0.95	0.88		-0.31	0.46	0.98	0.83	0.7	0.83	0.99	0.84	0.59	0.47	0.98	0.97	0.75	0.96	0.18	0.77	0.93	0.84	0.97	0.92	0.89	-0.55
Net Debt	-0.5	-0.51	-0.67	-0.31		-0.43	-0.37	-0.39	-0.16	-0.71	-0.44	-0.71	-0.02	-0.37	-0.47	-0.29	-0.51	-0.5	-0.98	-0.82	-0.54	-0.76	-0.44	-0.16	-0.2	0.01
Retained Earnings	0.63	0.65	0.69	0.46	-0.43		0.46	0.16	-0.01	0.55	0.53	0.53	0.57	-0.05	0.51	0.44	0.36	0.57	0.3	0.52	0.61	0.59	0.49	0.62	0.64	-0.54
Accounts Payable	0.97	0.96	0.9	0.98	-0.37	0.46		0.82	0.7	0.86	0.98	0.87	0.59	0.52	0.99	0.99	0.82	0.94	0.24	0.8	0.93	0.86	0.96	0.89	0.86	-0.54
Net Receivables	0.76	0.74	0.77	0.83	-0.39	0.16	0.82		0.7	0.8	0.82	0.8	0.06	0.6	0.81	0.75	0.63	0.77	0.31	0.75	0.8	0.8	0.84	0.6	0.63	-0.06
Good Will	0.59	0.57	0.55	0.7	-0.16	-0.01	0.7	0.7		0.58	0.7	0.6	0.13	0.9	0.65	0.67	0.49	0.62	0.1	0.54	0.61	0.57	0.68	0.54	0.4	-0.1
Short Term Investments	0.9	0.9	0.96	0.83	-0.71	0.55	0.86	0.8	0.58		0.89	1.0	0.33	0.55	0.9	0.79	0.81	0.87	0.62	0.96	0.95	0.97	0.9	0.73	0.75	-0.24
Total Liab	0.98	0.98	0.93	0.99	-0.44	0.53	0.98	0.82	0.7	0.89		0.9	0.57	0.52	0.99	0.96	0.75	0.98	0.31	0.86	0.96	0.91	0.98	0.9	0.86	-0.53
Total Current Assets	0.91	0.91	0.96	0.84	-0.71	0.53	0.87	0.8	0.6	1.0	0.9		0.35	0.55	0.91	0.8	0.79	0.89	0.62	0.97	0.96	0.98	0.92	0.74	0.76	-0.25
Short Term Debt	0.64	0.65	0.47	0.59	-0.02	0.57	0.59	0.06	0.13	0.33	0.57	0.35		-0.13	0.6	0.68	0.46	0.61	-0.09	0.32	0.51	0.36	0.53	0.76	0.69	-0.95
Intangible Assets	0.43	0.41	0.49	0.47	-0.37	-0.05	0.52	0.6	0.9	0.55	0.52	0.55	-0.13		0.48	0.45	0.46	0.42	0.34	0.53	0.46	0.53	0.49	0.25	0.12	0.14
Common Stock	0.99	0.98	0.94	0.98	-0.47	0.51	0.99	0.81	0.65	0.9	0.99	0.91	0.6	0.48		0.97	0.83	0.97	0.35	0.86	0.95	0.91	0.97	0.89	0.86	-0.56
Property Plant Equipment	0.95	0.94	0.84	0.97	-0.29	0.44	0.99	0.75	0.67	0.79	0.96	0.8	0.68	0.45	0.97		0.78	0.92	0.16	0.74	0.89	0.8	0.94	0.91	0.86	-0.64
Deferred Long Term Liab	0.79	0.8	0.79	0.75	-0.51	0.36	0.82	0.63	0.49	0.81	0.75	0.79	0.46	0.46	0.83	0.78		0.71	0.47	0.72	0.73	0.75	0.72	0.63	0.6	-0.43
Long Term Debt Total	0.98	0.97	0.93	0.96	-0.5	0.57	0.94	0.77	0.62	0.87	0.98	0.89	0.61	0.42	0.97	0.92	0.71		0.37	0.88	0.95	0.92	0.97	0.89	0.86	-0.57
Capital Surpluse	0.36	0.37	0.55	0.18	-0.98	0.3	0.24	0.31	0.1	0.62	0.31	0.62	-0.09	0.34	0.35	0.16	0.47	0.37		0.73	0.41	0.65	0.31	0.01	0.05	0.1
Cash And Equivalents	0.87	0.87	0.93	0.77	-0.82	0.52	0.8	0.75	0.54	0.96	0.86	0.97	0.32	0.53	0.86	0.74	0.72	0.88	0.73		0.91	0.98	0.87	0.65	0.66	-0.25
Net Invested Capital	0.97	0.96	0.96	0.93	-0.54	0.61	0.93	0.8	0.61	0.95	0.96	0.96	0.51	0.46	0.95	0.89	0.73	0.95	0.41	0.91		0.95	0.98	0.89	0.89	-0.4
Net Working Capital	0.92	0.92	0.98	0.84	-0.76	0.59	0.86	0.8	0.57	0.97	0.91	0.98	0.36	0.53	0.91	0.8	0.75	0.92	0.65	0.98	0.95		0.91	0.72	0.73	-0.31
Capital Stock	0.96	0.95	0.91	0.97	-0.44	0.49	0.96	0.84	0.68	0.9	0.98	0.92	0.53	0.49	0.97	0.94	0.72	0.97	0.31	0.87	0.98	0.91		0.91	0.89	-0.44
Long Term Debt	0.91	0.91	0.8	0.92	-0.16	0.62	0.89	0.6	0.54	0.73	0.9	0.74	0.76	0.25	0.89	0.91	0.63	0.89	0.01	0.65	0.89	0.72	0.91		0.97	-0.66
Long Term Investments	0.89	0.89	0.8	0.89	-0.2	0.64	0.86	0.63	0.4	0.75	0.86	0.76	0.69	0.12	0.86	0.86	0.6	0.86	0.05	0.66	0.89	0.73	0.89	0.97		-0.57
Short Long Term Debt	-0.59	-0.6	-0.43	-0.55	0.01	-0.54	-0.54	-0.06	-0.1	-0.24	-0.53	-0.25	-0.95	0.14	-0.56	-0.64	-0.43	-0.57	0.1	-0.25	-0.4	-0.31	-0.44	-0.66	-0.57

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Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.

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Predict Shopify

Shopify Total Assets

Total Assets

14.62 Billion

At this time, Shopify's Total Assets are relatively stable compared to the past year.

Based on the recorded statements, Shopify has a Net Asset of 13.92 B. This is much higher than that of the IT Services sector and significantly higher than that of the Information Technology industry. The net asset for all United States stocks is notably lower than that of the firm.

Shopify Net Asset Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Shopify's direct or indirect competition against its Net Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Shopify could also be used in its relative valuation, which is a method of valuing Shopify by comparing valuation metrics of similar companies.

Shopify is currently under evaluation in net asset category among its peers.

Shopify Current Valuation Drivers

We derive many important indicators used in calculating different scores of Shopify from analyzing Shopify's financial statements. These drivers represent accounts that assess Shopify's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Shopify's important valuation drivers and their relationship over time.

	2020	2021	2022	2023	2024	2025 (projected)
Market Cap	135.3B	171.7B	44.0B	99.8B	137.1B	144.0B
Enterprise Value	133.6B	170.4B	43.7B	99.6B	136.8B	143.6B

Shopify ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Shopify's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Shopify's managers, analysts, and investors.

Environmental

Governance

Social

Shopify Institutional Holders

Institutional Holdings refers to the ownership stake in Shopify that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Shopify's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Shopify's value.

		Shares
Arrowstreet Capital Limited Partnership	2024-12-31	16.5 M
Fidelity International Ltd	2024-12-31	15.8 M
Loomis, Sayles & Company Lp	2024-12-31	14.6 M
Norges Bank	2024-12-31	14.5 M
Mackenzie Investments	2024-12-31	14.4 M
Sands Capital Management, Llc	2024-12-31	13.8 M
Bank Of Montreal	2024-12-31	11.3 M
Bmo Capital Markets Corp.	2024-12-31	11.3 M
Franklin Resources Inc	2024-12-31	11.1 M
Baillie Gifford & Co Limited.	2024-12-31	59.8 M
Capital World Investors	2024-12-31	53.1 M

Shopify Fundamentals

	Return On Equity	0.15
	Return On Asset	0.0563
	Profit Margin	0.16 %
	Operating Margin	0.14 %
	Current Valuation	120 B
	Shares Outstanding	1.21 B
	Shares Owned By Insiders	0.18 %
	Shares Owned By Institutions	70.58 %
	Number Of Shares Shorted	21.62 M
	Price To Earning	282.85 X
	Price To Book	10.82 X
	Price To Sales	13.71 X
	Revenue	8.88 B
	Gross Profit	2.75 B
	EBITDA	1.34 B
	Net Income	2.02 B
	Cash And Equivalents	1.65 B
	Cash Per Share	3.88 X
	Total Debt	1.13 B
	Debt To Equity	0.15 %
	Current Ratio	6.64 X
	Book Value Per Share	7.05 X
	Cash Flow From Operations	1.62 B
	Short Ratio	3.89 X
	Earnings Per Share	0.99 X
	Price To Earnings To Growth	1.12 X
	Target Price	108.27
	Number Of Employees	8.1 K
	Beta	2.37
	Market Capitalization	141.3 B
	Total Asset	13.92 B
	Retained Earnings	1.63 B
	Working Capital	5.3 B
	Current Asset	202.47 M
	Current Liabilities	37.24 M
	Net Asset	13.92 B

About Shopify Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Shopify's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Shopify using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Shopify based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

Pair Trading with Shopify

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Shopify position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Shopify will appreciate offsetting losses from the drop in the long position's value.

Moving against Shopify Stock

0.48

Quhuo

Pair Corr

The ability to find closely correlated positions to Shopify could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Shopify when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Shopify - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Shopify to buy it.

The correlation of Shopify is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Shopify moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Shopify moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Shopify can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Shopify Stock Analysis

When running Shopify's price analysis, check to measure Shopify's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Shopify is operating at the current time. Most of Shopify's value examination focuses on studying past and present price action to predict the probability of Shopify's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shopify's price. Additionally, you may evaluate how the addition of Shopify to your portfolios can decrease your overall portfolio volatility.

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