Shopify Ratios and Metrics

Market cap in millions THB. Fiscal year is January - December.

Millions THB. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jan '26 Jan 29, 2026	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Market Capitalization	5,383,878	4,715,601	3,444,334	1,526,367	5,744,313	4,168,364
Market Cap Growth	15.45%	36.91%	125.66%	-73.43%	37.81%	203.91%
Enterprise Value	5,197,631	4,586,752	3,313,831	1,400,448	5,531,193	4,011,719
PE Ratio	93.09	68.05	758.99	-	59.36	434.60
PS Ratio	15.50	15.47	14.19	7.89	37.51	47.40
PB Ratio	13.25	11.89	11.05	5.36	15.54	21.69
P/TBV Ratio	13.83	12.40	11.64	7.34	16.26	23.33
P/FCF Ratio	87.12	86.03	110.70	-	356.76	362.34
P/OCF Ratio	86.21	85.02	106.13	-	322.94	326.76
EV/Sales Ratio	15.42	15.05	13.65	7.23	36.12	45.62
EV/EBITDA Ratio	98.66	104.16	292.09	-	372.82	569.51
EV/EBIT Ratio	102.82	107.17	370.74	-	437.79	769.70
EV/FCF Ratio	84.11	83.68	106.51	-	343.52	348.72
Debt / Equity Ratio	0.09	0.10	0.13	0.17	0.11	0.14
Debt / EBITDA Ratio	0.63	0.85	3.04	-	2.43	3.38
Debt / FCF Ratio	0.59	0.71	1.27	-	2.42	2.38
Asset Turnover	0.78	0.70	0.64	0.47	0.44	0.52
Inventory Turnover	-	195.91	-	-	-	-
Quick Ratio	3.06	3.01	5.94	6.27	11.37	15.00
Current Ratio	3.93	3.71	6.99	7.07	12.15	15.69
Return on Equity (ROE)	15.74%	19.58%	1.53%	-35.72%	33.25%	6.79%
Return on Assets (ROA)	7.74%	6.18%	1.47%	-2.47%	2.25%	1.93%
Return on Invested Capital (ROIC)	20.11%	18.30%	3.82%	-10.50%	13.00%	21.49%
Return on Capital Employed (ROCE)	13.20%	10.40%	2.50%	-4.80%	3.00%	2.40%
Earnings Yield	1.07%	1.47%	0.13%	-7.84%	1.69%	0.23%
FCF Yield	1.15%	1.16%	0.90%	-0.42%	0.28%	0.28%
Buyback Yield / Dilution	0.15%	-0.46%	-2.31%	0.58%	-3.16%	-9.23%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.