How do Shopify's products fare against competitors in the e-commerce platforms & retail POS space?
Updated: Oct 11, 2022
According to G2.com & Gartner
Shopify & Shopify Plus is the best in the E-Commerce Platform provider
& their Retail POS system is ranked the best in g2.com
And they are also far ahead of their competitors
in terms of
social media ranking
google search trends &
However, their android app ratings could be improved.
Refer to the full list of Shopify's products reviews (vs their peers) here:
[To note however]:
Although Shopify's stock is down 84% from it's all-time high price
and can provide a whooping return of up to 500% when the stock price rebounds.
Investors ought to be cautioned that the stock is still by no means undervalued as of now,
since when it does go back to its all time high price,
with its current LTM revenue amount
the stock will carry a PS ratio of 43x
which is a very high valuation amount.
Assuming if Shopify is able to obtain 14% yearly revenue growth in the coming years
it would take Shopify up to 7 years (by 2029) to reach a more sensible valuation of 18x PS ratio.
Hence for this reason,
I am currently not invested in Shopify, and am keeping it in my watchlist instead,
although the underlying fundamentals of the company are good.