Shopify equity research - staying ahead of the market

• Autor(a) principal: Pais, José Pedro Fernandes de Azeredo
• Data de Publicação: 2020
• Tipo de documento: Dissertação
• Idioma: eng
• Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
• Texto Completo: http://hdl.handle.net/10362/143042
• topic: Valuation; Forecasting; Capital structure; E-commerce; Subscription business model; Average revenue per merchant; Domínio/Área Científica::Ciências Sociais::Economia e Gestão

In this field lab project, we intended to perform a detailed breakdown of the company with the objective of being able to give out a recommendation on either buying, holding, or selling the security in question. We performed a detailed breakdown of the company’s historical reports as inputs to our model, where along with our research on the e-commerce market worldwide and with the pandemic bolstering it, we were able to build our discounted cash flow model. Additionally, e-commerce is a booming market which is growing year to year and we were able to better understand what drove this market and future prospects regarding its evolution.