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2021-04-20
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Why Shopify's Stock Is So Expensive
ericlll
2021-04-20
Nice
Lockheed Martin raises outlook, beats earnings estimates
Go to Tiger App to see more news
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And we believe once we get more details, we'll see that a lot of our programs are in line with what our customers want,\" Ken Possenriede, Lockheed's chief financial officer, said in a telephone interview.</p><p>The Bethesda, Maryland-based company said it now expects full-year earnings per share to be in the range of $26.40 per share to $26.70 per share, a range with a midpoint that would beat analysts' expectation of $26.31 per share, according to IBES data from Refinitiv.</p><p>Net earnings for the quarter which ended on March 28 rose from $1.7 billion in the same period a year ago, to $1.8 billion, or $6.56 per share, beating analyst estimates of $6.31 per share.</p><p>The company's Aeronautics segment reported 17 deliveries of its F-35 jets in the quarter, down from 22 a year earlier. Lockheed plans to deliver between 133 and 139 of the jets this year, said Possenriede.</p><p>Though net sales in the quarter rose 3.9% to $16.26 billion, they were below analysts' expectation of $16.33 billion.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Lockheed Martin raises outlook, beats earnings estimates</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLockheed Martin raises outlook, beats earnings estimates\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-04-20 19:30</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>April 20 (Reuters) - U.S. weapons maker Lockheed Martin Corp increased its outlook for 2021 sales and profit as it reported better-than-expected quarterly profits on Tuesday, helped by higher sales and profits at its unit which makes ships and helicopters.</p><p>Though the maker of the F-35 fighter jet increased the midpoint of its full-year revenue outlook slightly to $68 billion, the estimate is below Wall Street's average estimate of $68.17 billion.</p><p>One big potential dampener for defense companies' profits was removed earlier this month when U.S. President Joe Biden's proposed a flat defense budget for 2022 despite calls from progressive Democrats to reduce Pentagon spending.</p><p>\"In relation to the president's budget, that was in line with our expectations. And we believe once we get more details, we'll see that a lot of our programs are in line with what our customers want,\" Ken Possenriede, Lockheed's chief financial officer, said in a telephone interview.</p><p>The Bethesda, Maryland-based company said it now expects full-year earnings per share to be in the range of $26.40 per share to $26.70 per share, a range with a midpoint that would beat analysts' expectation of $26.31 per share, according to IBES data from Refinitiv.</p><p>Net earnings for the quarter which ended on March 28 rose from $1.7 billion in the same period a year ago, to $1.8 billion, or $6.56 per share, beating analyst estimates of $6.31 per share.</p><p>The company's Aeronautics segment reported 17 deliveries of its F-35 jets in the quarter, down from 22 a year earlier. Lockheed plans to deliver between 133 and 139 of the jets this year, said Possenriede.</p><p>Though net sales in the quarter rose 3.9% to $16.26 billion, they were below analysts' expectation of $16.33 billion.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LMT":"洛克希德马丁"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2128454258","content_text":"April 20 (Reuters) - U.S. weapons maker Lockheed Martin Corp increased its outlook for 2021 sales and profit as it reported better-than-expected quarterly profits on Tuesday, helped by higher sales and profits at its unit which makes ships and helicopters.Though the maker of the F-35 fighter jet increased the midpoint of its full-year revenue outlook slightly to $68 billion, the estimate is below Wall Street's average estimate of $68.17 billion.One big potential dampener for defense companies' profits was removed earlier this month when U.S. President Joe Biden's proposed a flat defense budget for 2022 despite calls from progressive Democrats to reduce Pentagon spending.\"In relation to the president's budget, that was in line with our expectations. And we believe once we get more details, we'll see that a lot of our programs are in line with what our customers want,\" Ken Possenriede, Lockheed's chief financial officer, said in a telephone interview.The Bethesda, Maryland-based company said it now expects full-year earnings per share to be in the range of $26.40 per share to $26.70 per share, a range with a midpoint that would beat analysts' expectation of $26.31 per share, according to IBES data from Refinitiv.Net earnings for the quarter which ended on March 28 rose from $1.7 billion in the same period a year ago, to $1.8 billion, or $6.56 per share, beating analyst estimates of $6.31 per share.The company's Aeronautics segment reported 17 deliveries of its F-35 jets in the quarter, down from 22 a year earlier. Lockheed plans to deliver between 133 and 139 of the jets this year, said Possenriede.Though net sales in the quarter rose 3.9% to $16.26 billion, they were below analysts' expectation of $16.33 billion.","news_type":1},"isVote":1,"tweetType":1,"viewCount":385,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":371115364,"gmtCreate":1618919983458,"gmtModify":1704716861581,"author":{"id":"3581987785064158","authorId":"3581987785064158","name":"ericlll","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581987785064158","authorIdStr":"3581987785064158"},"themes":[],"htmlText":"..","listText":"..","text":"..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/371115364","repostId":"2128384306","repostType":4,"repost":{"id":"2128384306","kind":"highlight","pubTimestamp":1618916520,"share":"https://ttm.financial/m/news/2128384306?lang=&edition=fundamental","pubTime":"2021-04-20 19:02","market":"us","language":"en","title":"Why Shopify's Stock Is So Expensive","url":"https://stock-news.laohu8.com/highlight/detail?id=2128384306","media":"Motley Fool","summary":"Is it worth such a high valuation?","content":"<p><b>Shopify </b>(NYSE:SHOP) has consistently rung the register at over $1,000 per share since last summer. While it is not the only e-commerce stock to grow in value recently, <a href=\"https://laohu8.com/S/AONE\">one</a> might wonder whether Shopify's current value justifies that expense.</p><p>Let's take a closer look at the Shopify value proposition to determine how expensive it has become.</p><p><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F621705%2Fgettyimages-1201699822.jpg&w=700&op=resize\" tg-width=\"700\" tg-height=\"463\" referrerpolicy=\"no-referrer\"></p><p>Image source: Getty Images.</p><h2>How expensive is Shopify stock?</h2><p>Shopify trades in the $1,200 per share range as of the time of this writing. This represents an increase of nearly 4,600% since it debuted in 2015. Shopify's role in making the e-commerce surge possible helps explain this increase.</p><p>However, investors should remember that this is approximately 20% lower than its peak in early February when Shopify topped out at just under $1,500 per share. Investors have sold off as the tailwind that came from shoppers wanting to buy online during the pandemic begins to recede.</p><p>More importantly, nominal prices do not necessarily mean pricey valuations. After all, investors willingly pay more than $400,000 per share for the A shares of <b>Berkshire Hathaway</b>.</p><p>A more meaningful measurement of Shopify's true cost is the P/E ratio. Shopify's current P/E ratio stands at about 470, down from a peak above 800 in December. However, it still appears pricey when considering <b>Amazon's </b>earnings multiple of around 80 or <b>Etsy</b>'s 84.</p><h2>Shopify's competitive advantage</h2><p>The fact that Shopify's industry has numerous competitors also makes the multiple seem outlandish. WordPress platform WooCommerce holds the highest market share in this industry, according to Oberlo. Its 28% of the market comes in well ahead of Shopify's 18% share and <b>Wix.com</b>'s 17% of the market.</p><p>Still, Wix's stock has seen only about <a href=\"https://laohu8.com/S/AONE.U\">one</a>-fourth as much growth as Shopify's since Shopify launched its IPO. So why does Wix stock not generate as much interest? For one, Shopify stands out by offering more functionality for customer logins, checkouts, and linking to shippers compared to Wix.</p><p>However, the most important advantage may lie in the Shopify Fulfillment Network (SFN). Because of the SFN, not only can Shopify host an e-commerce platform, but it can pack, ship, brand, and manage orders and inventory for clients. This places Shopify in an advantageous position over its peers that merely sell software as a service.</p><h2>Shopify's financials</h2><p>The pandemic along with Shopify's competitive advantage helped revenue grow by 86% in 2020 to just over $2.9 billion. Merchant solutions, the division that includes SFN, increased revenue by 117%. Subscription solutions, which consists of Shopify's core e-commerce platform, increased revenue by 53% during this period.</p><p>For the year, the company earned almost $320 million in net income, compared to a loss of $125 million in 2019. Shopify limited the increase in operating expenses to 45%, allowing for a $90 million profit in operating income. Other income, which consists mainly of equity investments and whatever income tax expenses it can recover, also boosted net income.</p><p>Shopify also generated a free cash flow of about $383 million. However, cash and marketable securities grew to $6.4 billion, an increase of $3.9 billion. Most of this liquidity came from the issuance of convertible senior notes, which brought in more than $900 million, and the issuance of new shares, which raised almost $2.6 billion. That liquidity leaves Shopify free to invest in SFN and other ventures without compromising its financial position.</p><p>Shopify stock also rose by just under 145% over the last 12 months. However, Shopify fell following the earnings announcement. Though management predicted \"rapid growth in gross profit dollars,\" the company anticipates smaller increases as more shoppers return to stores as the pandemic recedes. For this reason, it did not publish any specific revenue or income figures.</p><p><img src=\"https://media.ycharts.com/charts/1623c72d9e9dad658119e2e186a06d4a.png\" tg-width=\"720\" tg-height=\"419\" referrerpolicy=\"no-referrer\"></p><p>SHOP data by YCharts</p><h2>Should I pay a premium for Shopify?</h2><p>Investors should not expect Shopify stock to become cheap. Its competitive advantages, particularly with the benefit of SFN, will likely foster massive revenue, profit, and stock price increases in the coming years.</p><p>Still, as mentioned before, this has brought the P/E ratio down to about 470. It comes in well above its peers and seems like a high multiple to pay given the company's unwillingness to publish more definitive guidance. Until Shopify gains greater clarity about its future growth, investors should think twice about buying this tech stock at current levels.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Shopify's Stock Is So Expensive</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Shopify's Stock Is So Expensive\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-20 19:02 GMT+8 <a href=https://www.fool.com/investing/2021/04/20/why-shopifys-stock-is-so-expensive/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shopify (NYSE:SHOP) has consistently rung the register at over $1,000 per share since last summer. While it is not the only e-commerce stock to grow in value recently, one might wonder whether Shopify...</p>\n\n<a href=\"https://www.fool.com/investing/2021/04/20/why-shopifys-stock-is-so-expensive/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SHOP":"Shopify Inc"},"source_url":"https://www.fool.com/investing/2021/04/20/why-shopifys-stock-is-so-expensive/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2128384306","content_text":"Shopify (NYSE:SHOP) has consistently rung the register at over $1,000 per share since last summer. While it is not the only e-commerce stock to grow in value recently, one might wonder whether Shopify's current value justifies that expense.Let's take a closer look at the Shopify value proposition to determine how expensive it has become.Image source: Getty Images.How expensive is Shopify stock?Shopify trades in the $1,200 per share range as of the time of this writing. This represents an increase of nearly 4,600% since it debuted in 2015. Shopify's role in making the e-commerce surge possible helps explain this increase.However, investors should remember that this is approximately 20% lower than its peak in early February when Shopify topped out at just under $1,500 per share. Investors have sold off as the tailwind that came from shoppers wanting to buy online during the pandemic begins to recede.More importantly, nominal prices do not necessarily mean pricey valuations. After all, investors willingly pay more than $400,000 per share for the A shares of Berkshire Hathaway.A more meaningful measurement of Shopify's true cost is the P/E ratio. Shopify's current P/E ratio stands at about 470, down from a peak above 800 in December. However, it still appears pricey when considering Amazon's earnings multiple of around 80 or Etsy's 84.Shopify's competitive advantageThe fact that Shopify's industry has numerous competitors also makes the multiple seem outlandish. WordPress platform WooCommerce holds the highest market share in this industry, according to Oberlo. Its 28% of the market comes in well ahead of Shopify's 18% share and Wix.com's 17% of the market.Still, Wix's stock has seen only about one-fourth as much growth as Shopify's since Shopify launched its IPO. So why does Wix stock not generate as much interest? For one, Shopify stands out by offering more functionality for customer logins, checkouts, and linking to shippers compared to Wix.However, the most important advantage may lie in the Shopify Fulfillment Network (SFN). Because of the SFN, not only can Shopify host an e-commerce platform, but it can pack, ship, brand, and manage orders and inventory for clients. This places Shopify in an advantageous position over its peers that merely sell software as a service.Shopify's financialsThe pandemic along with Shopify's competitive advantage helped revenue grow by 86% in 2020 to just over $2.9 billion. Merchant solutions, the division that includes SFN, increased revenue by 117%. Subscription solutions, which consists of Shopify's core e-commerce platform, increased revenue by 53% during this period.For the year, the company earned almost $320 million in net income, compared to a loss of $125 million in 2019. Shopify limited the increase in operating expenses to 45%, allowing for a $90 million profit in operating income. Other income, which consists mainly of equity investments and whatever income tax expenses it can recover, also boosted net income.Shopify also generated a free cash flow of about $383 million. However, cash and marketable securities grew to $6.4 billion, an increase of $3.9 billion. Most of this liquidity came from the issuance of convertible senior notes, which brought in more than $900 million, and the issuance of new shares, which raised almost $2.6 billion. That liquidity leaves Shopify free to invest in SFN and other ventures without compromising its financial position.Shopify stock also rose by just under 145% over the last 12 months. However, Shopify fell following the earnings announcement. Though management predicted \"rapid growth in gross profit dollars,\" the company anticipates smaller increases as more shoppers return to stores as the pandemic recedes. For this reason, it did not publish any specific revenue or income figures.SHOP data by YChartsShould I pay a premium for Shopify?Investors should not expect Shopify stock to become cheap. Its competitive advantages, particularly with the benefit of SFN, will likely foster massive revenue, profit, and stock price increases in the coming years.Still, as mentioned before, this has brought the P/E ratio down to about 470. It comes in well above its peers and seems like a high multiple to pay given the company's unwillingness to publish more definitive guidance. Until Shopify gains greater clarity about its future growth, investors should think twice about buying this tech stock at current levels.","news_type":1},"isVote":1,"tweetType":1,"viewCount":436,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":371115364,"gmtCreate":1618919983458,"gmtModify":1704716861581,"author":{"id":"3581987785064158","authorId":"3581987785064158","name":"ericlll","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581987785064158","authorIdStr":"3581987785064158"},"themes":[],"htmlText":"..","listText":"..","text":"..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/371115364","repostId":"2128384306","repostType":4,"repost":{"id":"2128384306","kind":"highlight","pubTimestamp":1618916520,"share":"https://ttm.financial/m/news/2128384306?lang=&edition=fundamental","pubTime":"2021-04-20 19:02","market":"us","language":"en","title":"Why Shopify's Stock Is So Expensive","url":"https://stock-news.laohu8.com/highlight/detail?id=2128384306","media":"Motley Fool","summary":"Is it worth such a high valuation?","content":"<p><b>Shopify </b>(NYSE:SHOP) has consistently rung the register at over $1,000 per share since last summer. While it is not the only e-commerce stock to grow in value recently, <a href=\"https://laohu8.com/S/AONE\">one</a> might wonder whether Shopify's current value justifies that expense.</p><p>Let's take a closer look at the Shopify value proposition to determine how expensive it has become.</p><p><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F621705%2Fgettyimages-1201699822.jpg&w=700&op=resize\" tg-width=\"700\" tg-height=\"463\" referrerpolicy=\"no-referrer\"></p><p>Image source: Getty Images.</p><h2>How expensive is Shopify stock?</h2><p>Shopify trades in the $1,200 per share range as of the time of this writing. This represents an increase of nearly 4,600% since it debuted in 2015. Shopify's role in making the e-commerce surge possible helps explain this increase.</p><p>However, investors should remember that this is approximately 20% lower than its peak in early February when Shopify topped out at just under $1,500 per share. Investors have sold off as the tailwind that came from shoppers wanting to buy online during the pandemic begins to recede.</p><p>More importantly, nominal prices do not necessarily mean pricey valuations. After all, investors willingly pay more than $400,000 per share for the A shares of <b>Berkshire Hathaway</b>.</p><p>A more meaningful measurement of Shopify's true cost is the P/E ratio. Shopify's current P/E ratio stands at about 470, down from a peak above 800 in December. However, it still appears pricey when considering <b>Amazon's </b>earnings multiple of around 80 or <b>Etsy</b>'s 84.</p><h2>Shopify's competitive advantage</h2><p>The fact that Shopify's industry has numerous competitors also makes the multiple seem outlandish. WordPress platform WooCommerce holds the highest market share in this industry, according to Oberlo. Its 28% of the market comes in well ahead of Shopify's 18% share and <b>Wix.com</b>'s 17% of the market.</p><p>Still, Wix's stock has seen only about <a href=\"https://laohu8.com/S/AONE.U\">one</a>-fourth as much growth as Shopify's since Shopify launched its IPO. So why does Wix stock not generate as much interest? For one, Shopify stands out by offering more functionality for customer logins, checkouts, and linking to shippers compared to Wix.</p><p>However, the most important advantage may lie in the Shopify Fulfillment Network (SFN). Because of the SFN, not only can Shopify host an e-commerce platform, but it can pack, ship, brand, and manage orders and inventory for clients. This places Shopify in an advantageous position over its peers that merely sell software as a service.</p><h2>Shopify's financials</h2><p>The pandemic along with Shopify's competitive advantage helped revenue grow by 86% in 2020 to just over $2.9 billion. Merchant solutions, the division that includes SFN, increased revenue by 117%. Subscription solutions, which consists of Shopify's core e-commerce platform, increased revenue by 53% during this period.</p><p>For the year, the company earned almost $320 million in net income, compared to a loss of $125 million in 2019. Shopify limited the increase in operating expenses to 45%, allowing for a $90 million profit in operating income. Other income, which consists mainly of equity investments and whatever income tax expenses it can recover, also boosted net income.</p><p>Shopify also generated a free cash flow of about $383 million. However, cash and marketable securities grew to $6.4 billion, an increase of $3.9 billion. Most of this liquidity came from the issuance of convertible senior notes, which brought in more than $900 million, and the issuance of new shares, which raised almost $2.6 billion. That liquidity leaves Shopify free to invest in SFN and other ventures without compromising its financial position.</p><p>Shopify stock also rose by just under 145% over the last 12 months. However, Shopify fell following the earnings announcement. Though management predicted \"rapid growth in gross profit dollars,\" the company anticipates smaller increases as more shoppers return to stores as the pandemic recedes. For this reason, it did not publish any specific revenue or income figures.</p><p><img src=\"https://media.ycharts.com/charts/1623c72d9e9dad658119e2e186a06d4a.png\" tg-width=\"720\" tg-height=\"419\" referrerpolicy=\"no-referrer\"></p><p>SHOP data by YCharts</p><h2>Should I pay a premium for Shopify?</h2><p>Investors should not expect Shopify stock to become cheap. Its competitive advantages, particularly with the benefit of SFN, will likely foster massive revenue, profit, and stock price increases in the coming years.</p><p>Still, as mentioned before, this has brought the P/E ratio down to about 470. It comes in well above its peers and seems like a high multiple to pay given the company's unwillingness to publish more definitive guidance. Until Shopify gains greater clarity about its future growth, investors should think twice about buying this tech stock at current levels.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Shopify's Stock Is So Expensive</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Shopify's Stock Is So Expensive\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-20 19:02 GMT+8 <a href=https://www.fool.com/investing/2021/04/20/why-shopifys-stock-is-so-expensive/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shopify (NYSE:SHOP) has consistently rung the register at over $1,000 per share since last summer. While it is not the only e-commerce stock to grow in value recently, one might wonder whether Shopify...</p>\n\n<a href=\"https://www.fool.com/investing/2021/04/20/why-shopifys-stock-is-so-expensive/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SHOP":"Shopify Inc"},"source_url":"https://www.fool.com/investing/2021/04/20/why-shopifys-stock-is-so-expensive/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2128384306","content_text":"Shopify (NYSE:SHOP) has consistently rung the register at over $1,000 per share since last summer. While it is not the only e-commerce stock to grow in value recently, one might wonder whether Shopify's current value justifies that expense.Let's take a closer look at the Shopify value proposition to determine how expensive it has become.Image source: Getty Images.How expensive is Shopify stock?Shopify trades in the $1,200 per share range as of the time of this writing. This represents an increase of nearly 4,600% since it debuted in 2015. Shopify's role in making the e-commerce surge possible helps explain this increase.However, investors should remember that this is approximately 20% lower than its peak in early February when Shopify topped out at just under $1,500 per share. Investors have sold off as the tailwind that came from shoppers wanting to buy online during the pandemic begins to recede.More importantly, nominal prices do not necessarily mean pricey valuations. After all, investors willingly pay more than $400,000 per share for the A shares of Berkshire Hathaway.A more meaningful measurement of Shopify's true cost is the P/E ratio. Shopify's current P/E ratio stands at about 470, down from a peak above 800 in December. However, it still appears pricey when considering Amazon's earnings multiple of around 80 or Etsy's 84.Shopify's competitive advantageThe fact that Shopify's industry has numerous competitors also makes the multiple seem outlandish. WordPress platform WooCommerce holds the highest market share in this industry, according to Oberlo. Its 28% of the market comes in well ahead of Shopify's 18% share and Wix.com's 17% of the market.Still, Wix's stock has seen only about one-fourth as much growth as Shopify's since Shopify launched its IPO. So why does Wix stock not generate as much interest? For one, Shopify stands out by offering more functionality for customer logins, checkouts, and linking to shippers compared to Wix.However, the most important advantage may lie in the Shopify Fulfillment Network (SFN). Because of the SFN, not only can Shopify host an e-commerce platform, but it can pack, ship, brand, and manage orders and inventory for clients. This places Shopify in an advantageous position over its peers that merely sell software as a service.Shopify's financialsThe pandemic along with Shopify's competitive advantage helped revenue grow by 86% in 2020 to just over $2.9 billion. Merchant solutions, the division that includes SFN, increased revenue by 117%. Subscription solutions, which consists of Shopify's core e-commerce platform, increased revenue by 53% during this period.For the year, the company earned almost $320 million in net income, compared to a loss of $125 million in 2019. Shopify limited the increase in operating expenses to 45%, allowing for a $90 million profit in operating income. Other income, which consists mainly of equity investments and whatever income tax expenses it can recover, also boosted net income.Shopify also generated a free cash flow of about $383 million. However, cash and marketable securities grew to $6.4 billion, an increase of $3.9 billion. Most of this liquidity came from the issuance of convertible senior notes, which brought in more than $900 million, and the issuance of new shares, which raised almost $2.6 billion. That liquidity leaves Shopify free to invest in SFN and other ventures without compromising its financial position.Shopify stock also rose by just under 145% over the last 12 months. However, Shopify fell following the earnings announcement. Though management predicted \"rapid growth in gross profit dollars,\" the company anticipates smaller increases as more shoppers return to stores as the pandemic recedes. For this reason, it did not publish any specific revenue or income figures.SHOP data by YChartsShould I pay a premium for Shopify?Investors should not expect Shopify stock to become cheap. Its competitive advantages, particularly with the benefit of SFN, will likely foster massive revenue, profit, and stock price increases in the coming years.Still, as mentioned before, this has brought the P/E ratio down to about 470. It comes in well above its peers and seems like a high multiple to pay given the company's unwillingness to publish more definitive guidance. Until Shopify gains greater clarity about its future growth, investors should think twice about buying this tech stock at current levels.","news_type":1},"isVote":1,"tweetType":1,"viewCount":436,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":371115511,"gmtCreate":1618920023133,"gmtModify":1704716862553,"author":{"id":"3581987785064158","authorId":"3581987785064158","name":"ericlll","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581987785064158","authorIdStr":"3581987785064158"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/371115511","repostId":"2128454258","repostType":4,"repost":{"id":"2128454258","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1618918201,"share":"https://ttm.financial/m/news/2128454258?lang=&edition=fundamental","pubTime":"2021-04-20 19:30","market":"us","language":"en","title":"Lockheed Martin raises outlook, beats earnings estimates","url":"https://stock-news.laohu8.com/highlight/detail?id=2128454258","media":"Reuters","summary":"April 20 (Reuters) - U.S. weapons maker Lockheed Martin Corp increased its outlook for 2021 sales an","content":"<p>April 20 (Reuters) - U.S. weapons maker Lockheed Martin Corp increased its outlook for 2021 sales and profit as it reported better-than-expected quarterly profits on Tuesday, helped by higher sales and profits at its unit which makes ships and helicopters.</p><p>Though the maker of the F-35 fighter jet increased the midpoint of its full-year revenue outlook slightly to $68 billion, the estimate is below Wall Street's average estimate of $68.17 billion.</p><p>One big potential dampener for defense companies' profits was removed earlier this month when U.S. President Joe Biden's proposed a flat defense budget for 2022 despite calls from progressive Democrats to reduce Pentagon spending.</p><p>\"In relation to the president's budget, that was in line with our expectations. And we believe once we get more details, we'll see that a lot of our programs are in line with what our customers want,\" Ken Possenriede, Lockheed's chief financial officer, said in a telephone interview.</p><p>The Bethesda, Maryland-based company said it now expects full-year earnings per share to be in the range of $26.40 per share to $26.70 per share, a range with a midpoint that would beat analysts' expectation of $26.31 per share, according to IBES data from Refinitiv.</p><p>Net earnings for the quarter which ended on March 28 rose from $1.7 billion in the same period a year ago, to $1.8 billion, or $6.56 per share, beating analyst estimates of $6.31 per share.</p><p>The company's Aeronautics segment reported 17 deliveries of its F-35 jets in the quarter, down from 22 a year earlier. Lockheed plans to deliver between 133 and 139 of the jets this year, said Possenriede.</p><p>Though net sales in the quarter rose 3.9% to $16.26 billion, they were below analysts' expectation of $16.33 billion.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Lockheed Martin raises outlook, beats earnings estimates</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLockheed Martin raises outlook, beats earnings estimates\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-04-20 19:30</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>April 20 (Reuters) - U.S. weapons maker Lockheed Martin Corp increased its outlook for 2021 sales and profit as it reported better-than-expected quarterly profits on Tuesday, helped by higher sales and profits at its unit which makes ships and helicopters.</p><p>Though the maker of the F-35 fighter jet increased the midpoint of its full-year revenue outlook slightly to $68 billion, the estimate is below Wall Street's average estimate of $68.17 billion.</p><p>One big potential dampener for defense companies' profits was removed earlier this month when U.S. President Joe Biden's proposed a flat defense budget for 2022 despite calls from progressive Democrats to reduce Pentagon spending.</p><p>\"In relation to the president's budget, that was in line with our expectations. And we believe once we get more details, we'll see that a lot of our programs are in line with what our customers want,\" Ken Possenriede, Lockheed's chief financial officer, said in a telephone interview.</p><p>The Bethesda, Maryland-based company said it now expects full-year earnings per share to be in the range of $26.40 per share to $26.70 per share, a range with a midpoint that would beat analysts' expectation of $26.31 per share, according to IBES data from Refinitiv.</p><p>Net earnings for the quarter which ended on March 28 rose from $1.7 billion in the same period a year ago, to $1.8 billion, or $6.56 per share, beating analyst estimates of $6.31 per share.</p><p>The company's Aeronautics segment reported 17 deliveries of its F-35 jets in the quarter, down from 22 a year earlier. Lockheed plans to deliver between 133 and 139 of the jets this year, said Possenriede.</p><p>Though net sales in the quarter rose 3.9% to $16.26 billion, they were below analysts' expectation of $16.33 billion.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LMT":"洛克希德马丁"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2128454258","content_text":"April 20 (Reuters) - U.S. weapons maker Lockheed Martin Corp increased its outlook for 2021 sales and profit as it reported better-than-expected quarterly profits on Tuesday, helped by higher sales and profits at its unit which makes ships and helicopters.Though the maker of the F-35 fighter jet increased the midpoint of its full-year revenue outlook slightly to $68 billion, the estimate is below Wall Street's average estimate of $68.17 billion.One big potential dampener for defense companies' profits was removed earlier this month when U.S. President Joe Biden's proposed a flat defense budget for 2022 despite calls from progressive Democrats to reduce Pentagon spending.\"In relation to the president's budget, that was in line with our expectations. And we believe once we get more details, we'll see that a lot of our programs are in line with what our customers want,\" Ken Possenriede, Lockheed's chief financial officer, said in a telephone interview.The Bethesda, Maryland-based company said it now expects full-year earnings per share to be in the range of $26.40 per share to $26.70 per share, a range with a midpoint that would beat analysts' expectation of $26.31 per share, according to IBES data from Refinitiv.Net earnings for the quarter which ended on March 28 rose from $1.7 billion in the same period a year ago, to $1.8 billion, or $6.56 per share, beating analyst estimates of $6.31 per share.The company's Aeronautics segment reported 17 deliveries of its F-35 jets in the quarter, down from 22 a year earlier. Lockheed plans to deliver between 133 and 139 of the jets this year, said Possenriede.Though net sales in the quarter rose 3.9% to $16.26 billion, they were below analysts' expectation of $16.33 billion.","news_type":1},"isVote":1,"tweetType":1,"viewCount":385,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
