Shopify is a Canadian e-commerce company headquartered in Ottawa, Ontario. It is also the name of its proprietary e-commerce platform for online stores and retail point-of-sale systems. Shopify offers online retailers a suite of services “including payments, marketing, shipping and customer engagement” tools.
As of May 2019, Shopify has more than 800,000 merchants using its platform who have sales totalling more than $41 billion.
Shopify was founded in 2004 by Tobias Lütke, Daniel Weinand, and Scott Lake after attempting to open Snowdevil, an online store for snowboarding equipment. Snowdevil was unable to find a suitable e-commerce platform, so Lütke decided to create his own.
The company launched its platform in June 2006. In 2010, Shopify started its Build-A-Business competition, in which participants create a business using its platform over the course of six weeks. The winner of the competition receives $100,000 to invest in their business.
In 2015 Shopify acquired Select Start Studios Inc., a Canada-based company that designs and builds apps for the Shopify App Store.
In September 2016 Shopify partnered with Pinterest to allow merchants to buy ads that promote their products on Pinterest.
In April 2019 Shopify launched Shopify Fulfillment Network in an effort to make fast, reliable shipping available to all of its merchants regardless of their location or size.
What Is Shopify’s PE Ratio?
Shopify’s PE ratio is 102.85 as of May 23rd, 2019.
This ratio is calculated by dividing a company’s share price by its earnings per share (EPS).
Source: https://finance.com/quote/SHOP/key-statistics?p=SHOP
Shopify’s high PE ratio suggests that investors are expecting high growth from the company in the future.
PRO TIP: Shopify’s PE ratio is high and it is important to be aware of this when considering investing in the company. The ratio indicates that the company is overvalued and may not be a wise investment at this time.
Shopify has been growing rapidly in recent years, thanks to the increasing popularity of ecommerce.
The company’s revenue grew by 69% in 2018, and it is expected to grow by another 36% in 2019.
Source: https://www.com/shopifys-revenue-and-user-growth-2018-2019-5
However, Shopify’s high valuation means that it will need to continue growing at a rapid pace to justify its current stock price.
10 Related Question Answers Found
Shopify is a Canadian e-commerce company headquartered in Ottawa, Ontario. It is also the name of its proprietary e-commerce platform for online stores and retail point-of-sale systems. Shopify offers online retailers a suite of services “including payments, marketing, shipping and customer engagement tools to simplify the process of running an online store for small merchants.
The PE ratio, or price-to-earnings ratio, is a financial ratio used to measure the relative value of a company’s stock. It is calculated by dividing the market price of a company’s stock by the company’s earnings per share. The PE ratio can be used to compare the relative value of two different companies, or to compare the relative value of a single company at different points in time.
Shopify is a platform for businesses of all sizes to create an online store. It offers users a customizable platform, an easy-to-use checkout process, and a wide range of features.Shopify also has a number of features that make it a good choice for businesses that are looking to scale their operations. These include the ability to create multiple storefronts, support for multiple languages, and support for multiple currencies.Shopify Plus is the enterprise version of Shopify.
Shopify POS is a cloud-based point of sale software that allows businesses to manage their inventory, customers, and transactions from a single platform. The system is free to use for the first 14 days, and then the monthly subscription fee is $14.95. Shopify POS has a variety of features that allow businesses to manage their transactions more efficiently.
Shopify is a Canadian e-commerce company headquartered in Ottawa, Ontario. It is also the name of its proprietary e-commerce platform for online stores and retail point-of-sale systems. Shopify offers online retailers a suite of services “including payments, marketing, shipping and customer engagement tools to simplify the process of running an online store for small merchants.
Shopify is a powerful ecommerce platform that enables businesses of all sizes to create an online store. One of the key features of Shopify is its point of sale (POS) system, which allows businesses to sell products in-store as well as online. While the Shopify POS system is a great tool for businesses, it does come at a cost.
Shopify conversion rate is one of the most important factors to consider when starting a new online business. The higher the conversion rate, the more money you will make. There are a few things you can do to improve your conversion rate.
Shopify Pay is a code that allows you to use Shopify’s payment processing system. It’s a way to streamline the checkout process for customers who use Shopify’s platform to buy products and services. Shopify Pay allows customers to save their payment information and shipping addressess in their Shopify account.
Shopify is one of the most popular ecommerce platforms on the market. It’s easy to use, has a ton of features, and is relatively affordable. But is it the right platform for your business?
Shopify is a popular eCommerce platform that allows small businesses to create an online store. Shopify payments are a way for Shopify merchants to process payments through the platform. Shopify payments are processed through Shopify’s payment gateway, which allows merchants to accept payments from customers through various methods, including credit cards, PayPal, and Stripe.
