u/miguel_equivara · 12d agono track record yet
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's business is genuinely accelerating with 34% revenue growth and strong retention, but current valuation at $149 is expensive across all metrics: 100x owner's earnings, 80x FCF, and 72x forward earnings. Even the author's five-year intrinsic value model yields only 4.2% annual returns from current levels, indicating future gains are already priced in.
At post $152.90Now $134.10-12.3% since postedas of Sep 8, 4:30 PM ET
1d—
3d-3.6%
1w-5.1%
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