Shopify Inc.
Foreign stocks · NASDAQ · Technology · E-commerce platforms
Provides a software platform for building online stores and accepting payments, with revenue from subscriptions and fees on merchants' sales
For every 100 dollars of sales: cost of sales 52 · operating expenses 35 · tax and other items 2 · leaving 11 as net profit
Investors in Thailand can buy SHOP through 15 mutual funds open to retail investors. Most of them (15 funds) don't buy the stock themselves. Instead they invest in a master fund abroad, which in turn holds SHOP.
| Fund | SHOP weight | How it invests | 1-year return |
|---|---|---|---|
 MFTECHMFC Fintech Innovation Fund | 5.13% | Via several master funds (ARK Blockchain & Fintech Innovation) | −24.55% |
 SCBFINTEC(SSFE)SCB Fintech Innovation | 5.12% | Via several master funds (ARK Fintech Innovation, AMPLIFY MOBILE PAYMENTS) | −18.38% |
 DAOL-USEQGDAOL US EQUITY GROWTH FUND | 4.97% | Via Baillie Gifford Worldwide US Equity Growth Fund | −14.81% |
 LHDIGITAL-ALH DIGITAL ECONOMY FUND | 4.93% | Via AXA World Funds - Digital Economy | −7.84% |
| SCBRMUSA(A)SCB US Active Equity RMF | 4.85% | Via Morgan Stanley Investment Funds - US Growth Fund | −15.91% |
| SCBUSA(E)SCB US Active Equity Fund | 4.76% | Via Morgan Stanley Investment Funds - US Growth Fund | −14.13% |
 ES-FINTECHEastspring Fintech Innovation Fund | 4.70% | Via several master funds (ARK Fintech Innovation, AMPLIFY MOBILE PAYMENTS, Global X Japan Fintech) | −22.33% |
| SCBINNO(A)SCB Innovation | 3.67% | Via Amova ARK Disruptive Innovation Fund | −9.90% |
 KFINNO-AKrungsri Disruptive Innovation Fund | 3.56% | Via Amova ARK Disruptive Innovation Fund | −12.64% |
| ES-GINNORMFEastspring Global Innovation RMF | 3.55% | Via Amova ARK Disruptive Innovation Fund | −12.39% |
Yearly average over the last 3 years · Latest annual sales 11.6B USD
For every 100 dollars of sales, about 11 dollars is left as net profit
Per year, relative to the share price · Tech stocks tend to pay little because they reinvest their profits
Now 14.6% below its 1-year high
| Item (USD) | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| Total revenue | 5.6B USD | 7.1B USD | 8.9B USD | 11.6B USD |
| Gross profit | 2.8B USD | 3.5B USD | 4.5B USD | 5.6B USD |
| Operating profit | −822.0M USD | −1.4B USD | 1.1B USD | 1.5B USD |
| Net profit | −3.5B USD | 132.0M USD | 2.0B USD | 1.2B USD |
| EPS (diluted) | −2.73 | 0.10 | 1.55 | 0.94 |
| Gross margin | 49.2% | 49.8% | 50.4% | 48.1% |
| Operating margin | −14.7% | −20.1% | 12.1% | 12.7% |
| Net margin | −61.8% | 1.9% | 22.7% | 10.7% |
| Operating cash flow | −136.0M USD | 944.0M USD | 1.6B USD | 2.0B USD |
| Free cash flow | −186.0M USD | 905.0M USD | 1.6B USD | 2.0B USD |
| Total assets | N/A | 11.3B USD | 13.9B USD | 15.2B USD |
| Total liabilities | N/A | 2.2B USD | 2.4B USD | 1.7B USD |
| Shareholders' equity | N/A | 9.1B USD | 11.6B USD | 13.5B USD |
| Period | SMA | EMA | Price vs line |
|---|---|---|---|
| 10 days | 161.59 | 159.23 | Below |
| 20 days | 167.30 | 161.14 | Below |
| 50 days | 152.75 | 154.72 | Above |
| 100 days | 140.52 | 145.52 | Above |
| 200 days | 129.85 | 138.06 | Above |
| Indicator | Value | Signal |
|---|---|---|
| RSI(14) | 44.07 | Down |
| MACD(12,26) | −0.11 | Down |
| ADX(14) | 35.28 | Neutral |
| ATR(14) % of price | 3.01 | Neutral |
The many funds holding less than 3% are usually index funds holding at market weight · Funds holding more than 8% have deliberately chosen a large position
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ONEAM1| Fund | SHOP weight | Master fund | 1-year return | TER |
|---|---|---|---|---|
| MFTECH | 5.13% | several master funds (ARK Blockchain & Fintech Innovation) | −24.55% | 1.97% |
| SCBFINTEC(SSFE) | 5.12% | several master funds (ARK Fintech Innovation, AMPLIFY MOBILE PAYMENTS) | −18.38% | 0.13% |
| DAOL-USEQG | 4.97% | Baillie Gifford Worldwide US Equity Growth Fund | −14.81% | 1.99% |
| LHDIGITAL-A | 4.93% | AXA World Funds - Digital Economy | −7.84% | 2.41% |
| SCBRMUSA(A) | 4.85% | Morgan Stanley Investment Funds - US Growth Fund | −15.91% | 1.32% |
| SCBUSA(E) | 4.76% | Morgan Stanley Investment Funds - US Growth Fund | −14.13% | 0.10% |
| ES-FINTECH | 4.70% | several master funds (ARK Fintech Innovation, AMPLIFY MOBILE PAYMENTS, Global X Japan Fintech) | −22.33% | 1.25% |
| SCBINNO(A) | 3.67% | Amova ARK Disruptive Innovation Fund | −9.90% | 0.61% |
| KFINNO-A | 3.56% | Amova ARK Disruptive Innovation Fund | −12.64% | 1.54% |
| ES-GINNORMF | 3.55% | Amova ARK Disruptive Innovation Fund | −12.39% | 1.79% |
| ES-GINNO-A | 3.53% | Amova ARK Disruptive Innovation Fund | −12.28% | 1.77% |
| ES-INTERNET | 3.44% | several master funds (ARK Innovation UCITS, ARK NEXT GENERATION INTERNET ETF, ALPS O'Shares Global Internet Giants) | −14.52% | 1.25% |
| ONE-GECOM | 3.11% | several master funds | −11.89% | 1.91% |
| SCBNEXT(A) | 2.83% | several master funds (ARK NEXT GENERATION INTERNET ETF, GLOBAL X INTERNET OF THINGS) | −0.49% | 0.61% |
| LHINNO-A | 2.42% | several master funds | −12.68% | 1.58% |
| Master fund | Thai funds using this route | Master fund's SHOP weight |
|---|---|---|
| Amova ARK Disruptive Innovation Fund | 4 | 3.67% |
| Morgan Stanley Investment Funds - US Growth Fund | 2 | 4.85% |
| several master funds | 2 | 3.11% |
| several master funds (ARK Blockchain & Fintech Innovation) | 1 | 5.13% |
| several master funds (ARK Fintech Innovation, AMPLIFY MOBILE PAYMENTS) | 1 | 5.12% |
| Baillie Gifford Worldwide US Equity Growth Fund | 1 | 4.97% |
| AXA World Funds - Digital Economy | 1 | 4.93% |
| several master funds (ARK Fintech Innovation, AMPLIFY MOBILE PAYMENTS, Global X Japan Fintech) | 1 | 4.70% |
| several master funds (ARK Innovation UCITS, ARK NEXT GENERATION INTERNET ETF, ALPS O'Shares Global Internet Giants) | 1 | 3.44% |
| several master funds (ARK NEXT GENERATION INTERNET ETF, GLOBAL X INTERNET OF THINGS) | 1 | 2.83% |
