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Alternative stocks to Shopify (NYSE:SHOP)


These are the alternatives to Shopify that fall within the same industry, Internet Services & Infrastructure, or region, Canada.

How to read the ranks

For every stock, we judge its performance against its peers and rank it on a scale of 1 to 100. The higher the rank, the better the stock performs than its peers. And, we do this for six investment strategies:

Value - shows how good of a value the stock is. Green is "inexpensive"; red is "expensive".

Growth - shows a company's growth potential. Green is "high growth" expected; red is "tough times ahead".

Safety - relates to the amount of debt a company has. Green is low debt level; red is high debt level.

Combined Financial - this isn't an average of the first three ranks but rather a consolidated view across several financial indicators. Green = good; red = tread carefully.

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See Shopify Performance

Shopify stock research in summary

shopify.com


Shopify shares have a market-typical stock price level. While they show above average growth, they are poor value, and are riskily financed. We recommend evaluating whether the future of the company Shopify is typical for this industry which the market average price level of the shares suggests. If you believe that the future of the company is above average, that could be an argument for buying the shares and vice versa.


Latest Obermatt Ranks


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Country Canada
Industry Internet Services & Infrastructure
Index
Size class X-Large

Large companies - similar industry as Shopify

Similar Stocks VALUEVVV GROWTHVV SAFETYVV COMBINED
1. Amdocs (XL, US)  IT Consulting & oth. Services
1. Amdocs (XL, US)   IT Consulting & oth. Services 98 41 86 98
2. Cognizant Technology (XXL, US)  IT Consulting & oth. Services
2. Cognizant Technology (XXL, US)   IT Consulting & oth. Services 96 31 95 95
3. MAXIMUS (XL, US)  Data Processing & Outsourcing
3. MAXIMUS (XL, US)   Data Processing & Outsourcing 82 27 69 80
4. Visa (XXL, US)  Data Processing & Outsourcing
4. Visa (XXL, US)   Data Processing & Outsourcing 8 89 84 77
5. DXC Technology Company (XXL, US)  IT Consulting & oth. Services
5. DXC Technology Company (XXL, US)   IT Consulting & oth. Services 92 3 88 76
6. Akamai Technologies (XL, US)  Internet Services & Infrastructure
6. Akamai Technologies (XL, US)   Internet Services & Infrastructure 62 9 93 64
7. CGI (XL, CA)  IT Consulting & oth. Services
7. CGI (XL, CA)   IT Consulting & oth. Services 58 30 66 58
8. PayPal (XXL, US)  Data Processing & Outsourcing
8. PayPal (XXL, US)   Data Processing & Outsourcing 36 31 100 54
9. Conduent (XL, US)  Data Processing & Outsourcing
9. Conduent (XL, US)   Data Processing & Outsourcing 73 37 50 51
10. IBM (XXL, US)  IT Consulting & oth. Services
10. IBM (XXL, US)   IT Consulting & oth. Services 88 33 34 51

May 16, 2024

Why popular stocks have low ratings

It’s easier said than done. When your stock drops, it’s easy to want to sell it and find a better performer. Think twice, or even three times, before trading. Those fees (especially the hidden ones) can eat up your gains.

Large companies - similar region as Shopify

Similar Stocks VALUEVVV GROWTHVV SAFETYVV COMBINED
1. Linamar (XL, CA)  Auto Parts & Equipment
1. Linamar (XL, CA)   Auto Parts & Equipment 84 49 98 100
2. Suncor (XXL, CA)  Oil & Gas Integrated
2. Suncor (XXL, CA)   Oil & Gas Integrated 75 87 78 100
3. West Fraser (XL, CA)  Forest Products
3. West Fraser (XL, CA)   Forest Products 80 85 73 98
4. Celestica (XL, CA)  Electr. Manufacturing Services
4. Celestica (XL, CA)   Electr. Manufacturing Services 83 79 82 98
5. Fairfax (XXL, CA)  Property & Casualty Insurance
5. Fairfax (XXL, CA)   Property & Casualty Insurance 59 75 65 96
6. ATCO (XL, CA)  Multi-Utilities
6. ATCO (XL, CA)   Multi-Utilities 99 17 87 91
7. Manulife Financial (XXL, CA)  Life & Health Insurance
7. Manulife Financial (XXL, CA)   Life & Health Insurance 70 47 100 91
8. Russel Metals (XL, CA)  Trading & Distribution
8. Russel Metals (XL, CA)   Trading & Distribution 96 15 93 90
9. Keyera (XL, CA)  Oil & Gas Transportation
9. Keyera (XL, CA)   Oil & Gas Transportation 66 52 94 89
10. Cenovus (XXL, CA)  Oil & Gas Integrated
10. Cenovus (XXL, CA)   Oil & Gas Integrated 79 45 89 88

May 16, 2024


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Mid sized companies - similar industry as Shopify

Similar Stocks VALUEVVV GROWTHVV SAFETYVV COMBINED
1. Snowflake (L, US)  Internet Services & Infrastructure
1. Snowflake (L, US)   Internet Services & Infrastructure 6 49 95 100
2. Euronet Worldwide (L, US)  Data Processing & Outsourcing
2. Euronet Worldwide (L, US)   Data Processing & Outsourcing 51 77 91 100
3. TaskUs (M, US)  Data Processing & Outsourcing
3. TaskUs (M, US)   Data Processing & Outsourcing 57 59 98 95
4. Computer Task Group (M, US)  IT Consulting & oth. Services
4. Computer Task Group (M, US)   IT Consulting & oth. Services 49 67 100 86
5. Okta (L, US)  Internet Services & Infrastructure
5. Okta (L, US)   Internet Services & Infrastructure 51 73 47 82
6. Converge Technology (L, CA)  IT Consulting & oth. Services
6. Converge Technology (L, CA)   IT Consulting & oth. Services 100 31 46 80
7. ExlService (L, US)  Data Processing & Outsourcing
7. ExlService (L, US)   Data Processing & Outsourcing 16 73 96 78
8. Remitly (M, US)  Data Processing & Outsourcing
8. Remitly (M, US)   Data Processing & Outsourcing 31 83 60 76
9. International Money Express (M, US)  Data Processing & Outsourcing
9. International Money Express (M, US)   Data Processing & Outsourcing 54 19 96 74
10. CSG Systems (L, US)  Data Processing & Outsourcing
10. CSG Systems (L, US)   Data Processing & Outsourcing 88 15 72 69

May 16, 2024


Mid sized companies - similar region as Shopify

Similar Stocks VALUEVVV GROWTHVV SAFETYVV COMBINED
1. Magellan Aerospace (M, CA)  Aerospace & Defense
1. Magellan Aerospace (M, CA)   Aerospace & Defense 100 52 100 100
2. Canaccord Genuity (L, CA)  Investment Banking & Brokerage
2. Canaccord Genuity (L, CA)   Investment Banking & Brokerage 98 50 93 100
3. Lassonde (L, CA)  Packaged Foods & Meats
3. Lassonde (L, CA)   Packaged Foods & Meats 94 73 81 100
4. Paramount (L, CA)  Oil & Gas Production
4. Paramount (L, CA)   Oil & Gas Production 56 95 91 100
5. Onex (L, CA)  Asset Management & Custody
5. Onex (L, CA)   Asset Management & Custody 56 100 82 100
6. Centerra (L, CA)  Gold Production
6. Centerra (L, CA)   Gold Production 92 43 92 98
7. Leon's Furniture (L, CA)  Homefurnishing Retail
7. Leon's Furniture (L, CA)   Homefurnishing Retail 84 50 83 98
8. Peyto (M, CA)  Oil & Gas Production
8. Peyto (M, CA)   Oil & Gas Production 92 91 55 98
9. Jamieson Wellness (M, CA)  Personal Products
9. Jamieson Wellness (M, CA)   Personal Products 91 65 56 95
10. Enghouse Systems (M, CA)  Application Software
10. Enghouse Systems (M, CA)   Application Software 91 26 100 94

May 16, 2024



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