To The Moon

To double your money by 2030, look for companies with consistent double-digit revenue growth. One area with promising growth is the $6 trillion global e-commerce market. Here are two fast-growing leaders that could potentially double your investment in the next five years.

1. $Shopify(SHOP)$

For those who bought Shopify early after its 2015 IPO, the stock has been a massive winner, with a return of 2800%. Despite this, Shopify still has plenty of growth potential and could offer substantial returns in the coming years.

The e-commerce market is huge, and Shopify’s second-quarter revenue grew 25% year-over-year, with similar growth expected in the third quarter. Even after over a decade in business, Shopify continues to grow rapidly.

The company is now focusing on helping merchants expand internationally, which could sustain its growth momentum.

The stock's price-to-sales ratio of 12.5 is at the lower end of its 10-year range. Analysts forecast a 21% annual revenue growth over the next few years, with at least 15% growth through the end of the decade.

If the stock continues trading at its historical average P/S ratio, it could easily double.

2. $Coupang, Inc.(CPNG)$

Coupang is the leading e-commerce player in South Korea, with revenue doubling since 2020. Although the stock dropped significantly post-IPO, its current pricing is reasonable given its growth potential, suggesting strong market-beating returns.

Last year, Coupang generated $1.5 billion in free cash flow. The company is enhancing customer loyalty and profitability through a membership program that includes food delivery services. Its gross margin improved by two percentage points last quarter, and investments in AI and automation are boosting productivity.

With a price-to-sales ratio of 1.48, Coupang is priced lower than $Amazon.com(AMZN)$ was in its early growth stages. Analysts expect Coupang to grow revenue at over 16% annually in the coming years.

By the end of this decade, Coupang’s revenue should continue growing at a double-digit rate. If the stock maintains its current P/S ratio, shareholders could see their investment double by 2030.