SHOP

1. October 2026 1 entry
   Oct 8, 2026

   Substack · Compounding Your Wealth · Sergey

   Shopify Is Becoming the Infrastructure Layer for AI Commerce, But are Valuation Too High?

   Deep Dive into $SHOP: Valuation, Segment Growth, Key Metrics, Profitability, Expenses, Product Launches, Customer Retention, Financial Stability, SBC/Revenue, and Shareholder Dilution.

   SHOP5,112 words

   Since publication +2.2% α +3.3 pp vs S&P 500 · USD

2. August 2026 2 entries
   Aug 28, 2026

   Blogs · r/ValueInvesting · /u/miguel_equivara

   I passed on Shopify at $94 and it's $149 fourteen weeks later. I did the full work to find out if I was wrong: P/E, FCF, Owner's Earnings it's still expensive.

   Shopify was trading at $94 on May 14. I put it on my watchlist and didn't buy it. Fourteen weeks later it's $149, that is 59% higher. So I did the full work on Shopify, because I keep seeing the same argument here…

   SHOPshort264 words

   Since publication +10.0% α +10.5 pp vs S&P 500 · USD

   Aug 27, 2026

   Substack · The Inflection · Miguel | The Inflection

   Shopify: AI Orders Tripled at a $192 Billion Company Growing 34%

   Eleven straight years above 20% growth, AI-driven orders tripling year over year, and barely 1% of global retail market. The business is not the question, the price is.

   SHOP7,312 words

   Since publication +9.0% α +9.7 pp vs S&P 500 · USD

Prices as of the Oct 27, 2026 close. Past performance does not guarantee future results. Price-only, excluding dividends, in local currency. Data may be delayed or inaccurate. Not investment advice. How it is calculated.