Today’s Stock: Shopify Inc. (SHOP)Today’s Stock: Shopify Inc. (SHOP)

Shopify Inc., a commerce technology company, provides tools to start, scale, market, and run a business of various sizes in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The Company offers Shopify platform that enables merchants to manage products and inventory, process orders and payments, fulfill and ship orders, build customer relationships, source products, leverage analytics, and reporting and access financing for running their business across all of their sales channels, including web and mobile storefronts, physical retail locations, social media storefronts, and marketplaces. It also provides Shopify Payments, a fully integrated payment processing service that allows merchants to accept and process payment cards online and offline

My Thoughts 💭My Thoughts 💭

Another stock that is apart of my experiment I have used SHOP to checkout on various sites thus I have some knowledge of the platform. But I’m not super passionate about this stock.

At 163.5k sats per share ($80,233), and no dividend. One must ask will this growth stock grow faster than bitcoin which is projected to grow 50% to 70%? I don’t think so! While 163.5k sats is cheap I don’t think investors are getting much value here.

The company trades at a PE 105 which means investors are paying $105 to access $1 of earnings. Super Expensive stock! Let’s take a look at the rest of the fundamentals

PE:PE:

Expected Growth:Expected Growth:

Revenues and expenses:Revenues and expenses:

Balance Sheet:Balance Sheet:

Dividend:Dividend:

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Bitcoin per share:Bitcoin per share:

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Ownership breakdown :Ownership breakdown :

Leadership:Leadership:

The fundamentals of this company meh. The balance sheet is good, Meh growth projections, but operating costs seem to be stabling. But paying such a high multiple for meh growth and a decent balance sheet seems ridiculous.

From a bitcoin lens I would pass on this stock. Not seeing much value here for 163k sats. Growth is meh, pays no dividend, and the CEO is massively over paid. Plus bitcoin could make shop obsolete in the long run.

With that said since I been buying this stock the performance has been great!

Here is the performance according to Simply Wall Street

Another software business and more of the same. The fundamentals here are a bit better than TEAM due to operating costs normalizing but the PE is absolutely bonkers. AI has been murdering these SaaS businesses is SHOP next?

Looking just at the fundamentals I am not seeing a strong reason to dump sats to buy this company. CEO is over paid growth is meh and no dividend. Bitcoin is projected to grow more than this company. I think 163k sats will have more purchasing power than a share of SHOP!

Yet I will still buy shares to continue my experiment!