Shopify Stock Cash And Equivalents

SHOP Stock

USD 106.48 2.54 2.44%

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.

		Last Reported	Projected for Next Year
	Cash And Equivalents	1.9 B	1.3 B

As of 11/22/2024, Cash And Equivalents is likely to drop to about 1.3 B.

This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

Shopify Company Cash And Equivalents Analysis

Shopify's Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.

Cash

Bank Deposits

+

Liquidities

More About Cash And Equivalents | All Equity Analysis

Current Shopify Cash And Equivalents

1.65 B

Most of Shopify's fundamental indicators, such as Cash And Equivalents, 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 Cash And Equivalents 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 Cash And Equivalents. 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
Total Assets		1.0	0.98	0.95	-0.55	0.33	0.95	0.94	0.63	0.92	0.98	0.92	0.98	0.57	0.99	0.92	0.79	0.97	0.47	0.9	0.98	0.95	0.97	0.91	0.88
Total Stockholder Equity	1.0		0.99	0.94	-0.57	0.36	0.94	0.93	0.6	0.93	0.98	0.93	0.97	0.56	0.98	0.91	0.79	0.96	0.49	0.9	0.98	0.96	0.96	0.9	0.88
Net Tangible Assets	0.98	0.99		0.88	-0.66	0.47	0.88	0.87	0.54	0.96	0.94	0.95	0.93	0.53	0.94	0.84	0.78	0.93	0.59	0.93	0.97	0.98	0.92	0.84	0.85
Current Deferred Revenue	0.95	0.94	0.88		-0.29	0.1	0.98	0.99	0.7	0.78	0.98	0.79	0.97	0.54	0.97	0.98	0.75	0.96	0.22	0.76	0.9	0.82	0.95	0.96	0.89
Net Debt	-0.55	-0.57	-0.66	-0.29		-0.52	-0.33	-0.3	-0.16	-0.75	-0.45	-0.77	-0.46	-0.38	-0.49	-0.27	-0.5	-0.49	-0.98	-0.83	-0.61	-0.77	-0.48	-0.17	-0.25
Retained Earnings	0.33	0.36	0.47	0.1	-0.52		0.07	0.05	-0.1	0.47	0.22	0.43	0.17	0.06	0.17	-0.02	0.06	0.21	0.44	0.4	0.42	0.46	0.23	0.22	0.37
Accounts Payable	0.95	0.94	0.88	0.98	-0.33	0.07		0.99	0.66	0.79	0.96	0.8	0.98	0.54	0.98	0.99	0.81	0.93	0.25	0.76	0.88	0.82	0.93	0.93	0.86
Net Receivables	0.94	0.93	0.87	0.99	-0.3	0.05	0.99		0.62	0.76	0.96	0.77	0.96	0.46	0.97	0.99	0.76	0.95	0.23	0.75	0.87	0.81	0.93	0.95	0.89
Good Will	0.63	0.6	0.54	0.7	-0.16	-0.1	0.66	0.62		0.58	0.72	0.6	0.71	0.92	0.67	0.67	0.48	0.62	0.11	0.53	0.64	0.56	0.72	0.61	0.43
Short Term Investments	0.92	0.93	0.96	0.78	-0.75	0.47	0.79	0.76	0.58		0.87	1.0	0.87	0.63	0.88	0.75	0.79	0.84	0.69	0.96	0.96	0.97	0.89	0.69	0.75
Total Liab	0.98	0.98	0.94	0.98	-0.45	0.22	0.96	0.96	0.72	0.87		0.88	0.98	0.62	0.99	0.94	0.74	0.98	0.37	0.86	0.96	0.91	0.98	0.93	0.87
Total Current Assets	0.92	0.93	0.95	0.79	-0.77	0.43	0.8	0.77	0.6	1.0	0.88		0.88	0.64	0.89	0.75	0.77	0.86	0.71	0.98	0.96	0.98	0.91	0.69	0.74
Short Term Debt	0.98	0.97	0.93	0.97	-0.46	0.17	0.98	0.96	0.71	0.87	0.98	0.88		0.64	0.99	0.97	0.8	0.94	0.37	0.84	0.94	0.89	0.96	0.9	0.84
Intangible Assets	0.57	0.56	0.53	0.54	-0.38	0.06	0.54	0.46	0.92	0.63	0.62	0.64	0.64		0.58	0.53	0.5	0.49	0.33	0.57	0.6	0.58	0.62	0.43	0.28
Common Stock	0.99	0.98	0.94	0.97	-0.49	0.17	0.98	0.97	0.67	0.88	0.99	0.89	0.99	0.58		0.96	0.83	0.97	0.43	0.87	0.94	0.91	0.96	0.9	0.85
Property Plant Equipment	0.92	0.91	0.84	0.98	-0.27	-0.02	0.99	0.99	0.67	0.75	0.94	0.75	0.97	0.53	0.96		0.78	0.92	0.2	0.72	0.85	0.78	0.91	0.91	0.84
Deferred Long Term Liab	0.79	0.79	0.78	0.75	-0.5	0.06	0.81	0.76	0.48	0.79	0.74	0.77	0.8	0.5	0.83	0.78		0.7	0.5	0.71	0.72	0.73	0.71	0.62	0.59
Long Term Debt Total	0.97	0.96	0.93	0.96	-0.49	0.21	0.93	0.95	0.62	0.84	0.98	0.86	0.94	0.49	0.97	0.92	0.7		0.42	0.88	0.94	0.91	0.97	0.91	0.86
Capital Surpluse	0.47	0.49	0.59	0.22	-0.98	0.44	0.25	0.23	0.11	0.69	0.37	0.71	0.37	0.33	0.43	0.2	0.5	0.42		0.77	0.52	0.7	0.4	0.08	0.15
Cash And Equivalents	0.9	0.9	0.93	0.76	-0.83	0.4	0.76	0.75	0.53	0.96	0.86	0.98	0.84	0.57	0.87	0.72	0.71	0.88	0.77		0.93	0.98	0.89	0.65	0.69
Net Invested Capital	0.98	0.98	0.97	0.9	-0.61	0.42	0.88	0.87	0.64	0.96	0.96	0.96	0.94	0.6	0.94	0.85	0.72	0.94	0.52	0.93		0.97	0.97	0.84	0.87
Net Working Capital	0.95	0.96	0.98	0.82	-0.77	0.46	0.82	0.81	0.56	0.97	0.91	0.98	0.89	0.58	0.91	0.78	0.73	0.91	0.7	0.98	0.97		0.92	0.74	0.76
Capital Stock	0.97	0.96	0.92	0.95	-0.48	0.23	0.93	0.93	0.72	0.89	0.98	0.91	0.96	0.62	0.96	0.91	0.71	0.97	0.4	0.89	0.97	0.92		0.89	0.88
Long Term Debt	0.91	0.9	0.84	0.96	-0.17	0.22	0.93	0.95	0.61	0.69	0.93	0.69	0.9	0.43	0.9	0.91	0.62	0.91	0.08	0.65	0.84	0.74	0.89		0.92
Long Term Investments	0.88	0.88	0.85	0.89	-0.25	0.37	0.86	0.89	0.43	0.75	0.87	0.74	0.84	0.28	0.85	0.84	0.59	0.86	0.15	0.69	0.87	0.76	0.88	0.92

Click cells to compare fundamentals

Shopify Cash And Equivalents Historical Pattern

Today, most investors in Shopify Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Shopify's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's cash and equivalents growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Shopify cash and equivalents as a starting point in their analysis.

Shopify Cash And Equivalents

Timeline

Cash equivalents represent current assets that are easily convertible to cash such as short term bonds, savings account, money market funds, or certificate of deposits (CDs). One of the important consideration companies make when classifying assets as cash equivalent is that investments they report on their balance sheets under current assets should have almost no risk of change in value over the next few months (usually three months).

Competition

Predict Shopify

Cash And Equivalents Over Time

In accordance with the recently published financial statements, Shopify has 1.65 B in Cash And Equivalents. This is 32.05% higher than that of the IT Services sector and significantly higher than that of the Information Technology industry. The cash and equivalents for all United States stocks is 38.96% higher than that of the company.

Shopify Cash And Equivalents 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 Cash And Equivalents 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 cash and equivalents 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.

	2019	2020	2021	2022	2023	2024 (projected)
Market Cap	44.9B	135.3B	171.7B	44.0B	99.8B	52.4B
Enterprise Value	44.4B	133.6B	170.4B	43.7B	99.6B	51.9B

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 Fundamentals

	Return On Equity	0.15
	Return On Asset	0.0563
	Profit Margin	0.16 %
	Operating Margin	0.14 %
	Current Valuation	133.84 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	13.60 X
	Price To Sales	16.76 X
	Revenue	7.06 B
	Gross Profit	2.75 B
	EBITDA	(8 M)
	Net Income	132 M
	Cash And Equivalents	1.65 B
	Cash Per Share	3.88 X
	Total Debt	1.15 B
	Debt To Equity	0.15 %
	Current Ratio	6.64 X
	Book Value Per Share	7.05 X
	Cash Flow From Operations	944 M
	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	8.3 K
	Beta	2.37
	Market Capitalization	141.3 B
	Total Asset	11.3 B
	Retained Earnings	(390 M)
	Working Capital	5.38 B
	Current Asset	202.47 M
	Current Liabilities	37.24 M
	Net Asset	11.3 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 together with Shopify Stock

0.79	DJCO	Daily Journal Corp	Pair Corr
0.76	AI	C3 Ai Inc Trending	Pair Corr
0.78	AZ	A2Z Smart Technologies	Pair Corr
0.78	BL	Blackline	Pair Corr

Moving against Shopify Stock

0.7	VERB	VERB TECHNOLOGY PANY	Pair Corr
0.42	DMAN	Innovativ Media Group	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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC