Q: Hi 5i Team - A guest on Market Call today stated that Shopify is trading at 100 times next year's earnings with anticipated revenue growth of 22%, Could you comment on the accuracy of these figures and your view on whether its shares may be over-valued at this time. Any other comments on its stock price and fundamentals would be appreciated. Thanks.
5i Research Answer:
Numbers are close: P/E is 75X and revenue expected growth 23%. We cannot say the stock is cheap,...
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