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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.

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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.

(NEW) Sentiment - quantifies professional analyst ratings and holdings as well as market pulse. Green = positive sentiment; red = skepticism (Only available to Premium Subscribers).

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See Shopify Performance

Shopify stock research in summary

shopify.com


Shopify shares are more expensive than other comparable stocks. 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 really as positive as the high price of the shares suggests. If you come to the conclusion that the future for this company is only average, that could be a reason to sell this share.


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. Cognizant Technology (XXL, US)  IT Consulting & oth. Services
1. Cognizant Technology (XXL, US)   IT Consulting & oth. Services 92 26 95 98
2. Twilio (XL, US)  Internet Services & Infrastructure
2. Twilio (XL, US)   Internet Services & Infrastructure 47 38 97 94
3. SS&C Technologies (XL, US)  Data Processing & Outsourcing
3. SS&C Technologies (XL, US)   Data Processing & Outsourcing 97 39 61 91
4. Amdocs (XL, US)  IT Consulting & oth. Services
4. Amdocs (XL, US)   IT Consulting & oth. Services 100 20 82 89
5. PayPal (XXL, US)  Data Processing & Outsourcing
5. PayPal (XXL, US)   Data Processing & Outsourcing 58 43 98 86
6. DXC Technology Company (XXL, US)  IT Consulting & oth. Services
6. DXC Technology Company (XXL, US)   IT Consulting & oth. Services 91 16 79 73
7. Block (XXL, US)  Data Processing & Outsourcing
7. Block (XXL, US)   Data Processing & Outsourcing 60 69 59 70
8. IBM (XXL, US)  IT Consulting & oth. Services
8. IBM (XXL, US)   IT Consulting & oth. Services 85 59 38 69
9. CGI (XL, CA)  IT Consulting & oth. Services
9. CGI (XL, CA)   IT Consulting & oth. Services 82 22 78 63
10. Fidelity National Information Services (XL, US)  Data Processing & Outsourcing
10. Fidelity National Information Services (XL, US)   Data Processing & Outsourcing 85 59 30 61

January 23, 2025

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. ATCO (XL, CA)  Multi-Utilities
1. ATCO (XL, CA)   Multi-Utilities 99 61 83 100
2. Linamar (XL, CA)  Auto Parts & Equipment
2. Linamar (XL, CA)   Auto Parts & Equipment 87 47 98 100
3. Fortis (XL, CA)  Electric Utilities
3. Fortis (XL, CA)   Electric Utilities 74 58 82 98
4. West Fraser (XL, CA)  Forest Products
4. West Fraser (XL, CA)   Forest Products 56 99 68 96
5. Fairfax (XXL, CA)  Property & Casualty Insurance
5. Fairfax (XXL, CA)   Property & Casualty Insurance 71 87 65 96
6. Barrick Gold (XL, CA)  Gold Production
6. Barrick Gold (XL, CA)   Gold Production 86 57 76 94
7. Imperial (XXL, CA)  Oil & Gas Integrated
7. Imperial (XXL, CA)   Oil & Gas Integrated 33 81 97 93
8. Manulife Financial (XXL, CA)  Life & Health Insurance
8. Manulife Financial (XXL, CA)   Life & Health Insurance 55 61 100 91
9. CCL (XL, CA)  Metal & Glass Containers
9. CCL (XL, CA)   Metal & Glass Containers 45 73 85 91
10. Restaurant Brands International (XL, CA)  Restaurants
10. Restaurant Brands International (XL, CA)   Restaurants 57 81 66 90

January 23, 2025


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Mid sized companies - similar industry as Shopify

Similar Stocks VALUEVVV GROWTHVV SAFETYVV COMBINED
1. AvidXchange (M, US)  Data Processing & Outsourcing
1. AvidXchange (M, US)   Data Processing & Outsourcing 53 79 86 98
2. TaskUs (L, US)  Data Processing & Outsourcing
2. TaskUs (L, US)   Data Processing & Outsourcing 52 79 98 98
3. Marqeta (M, US)  Data Processing & Outsourcing
3. Marqeta (M, US)   Data Processing & Outsourcing 45 39 88 96
4. ExlService (L, US)  Data Processing & Outsourcing
4. ExlService (L, US)   Data Processing & Outsourcing 43 76 95 95
5. Alithya Group (M, CA)  IT Consulting & oth. Services
5. Alithya Group (M, CA)   IT Consulting & oth. Services 80 38 77 87
6. EVERTEC (M, US)  Data Processing & Outsourcing
6. EVERTEC (M, US)   Data Processing & Outsourcing 93 43 57 80
7. Okta (L, US)  Internet Services & Infrastructure
7. Okta (L, US)   Internet Services & Infrastructure 67 67 50 74
8. Shift4 Payments (L, US)  Data Processing & Outsourcing
8. Shift4 Payments (L, US)   Data Processing & Outsourcing 33 87 67 72
9. Jack Henry & Associates (L, US)  Data Processing & Outsourcing
9. Jack Henry & Associates (L, US)   Data Processing & Outsourcing 23 73 84 70
10. CSG Systems (L, US)  Data Processing & Outsourcing
10. CSG Systems (L, US)   Data Processing & Outsourcing 90 24 63 68

January 23, 2025


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 99 77 98 100
2. Mullen (L, CA)  Trucking
2. Mullen (L, CA)   Trucking 96 78 79 100
3. Lassonde (L, CA)  Packaged Foods & Meats
3. Lassonde (L, CA)   Packaged Foods & Meats 84 99 82 100
4. Sundial Growers (M, CA)  Pharmaceuticals
4. Sundial Growers (M, CA)   Pharmaceuticals 56 83 73 100
5. Whitecap Resources (L, CA)  Oil & Gas Production
5. Whitecap Resources (L, CA)   Oil & Gas Production 96 70 63 100
6. Dundee Precious Metals (M, CA)  Gold Production
6. Dundee Precious Metals (M, CA)   Gold Production 78 69 96 98
7. The North West (L, CA)  Food Retail
7. The North West (L, CA)   Food Retail 71 77 81 98
8. Jamieson Wellness (M, CA)  Personal Products
8. Jamieson Wellness (M, CA)   Personal Products 84 71 53 98
9. Lightspeed Commerce (L, CA)  Application Software
9. Lightspeed Commerce (L, CA)   Application Software 73 86 71 98
10. Onex (L, CA)  Asset Management & Custody
10. Onex (L, CA)   Asset Management & Custody 45 91 91 97

January 23, 2025



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