{"id":2106,"date":"2019-11-02T13:39:13","date_gmt":"2019-11-02T11:39:13","guid":{"rendered":"http:\/\/www.blog.asmus-puhl.com\/?p=2106"},"modified":"2019-11-02T13:39:13","modified_gmt":"2019-11-02T11:39:13","slug":"spotify-is-moving-forward","status":"publish","type":"post","link":"http:\/\/www.blog.asmus-puhl.com\/?p=2106","title":{"rendered":"Spotify is moving forward!"},"content":{"rendered":"\n

Shopify Inc. (NYSE:SHOP) just reported Q3 2019 results.<\/a><\/p>\n\n\n\n

But before we start to have a look at the numbers, what does this company do? <\/p>\n\n\n\n

Shopify is based in Ottawa, Canada, and provides a cloud based commerce platform for merchants of all sizes. It offers a single access to build an online shop, manage a physical retail location and enables clients to manage products and inventory, process orders, payments and ship orders.<\/p>\n\n\n\n

Shopify’s stock already had an enormous performance since going public in May 2015 starting trade at $28. Yesterday’s closing price was $316.76 while hitting an all time high at $406 at the end of August 2019.<\/p>\n\n\n\n

A\nbig push for the company came in September 2015 when Amazon announced\nit would be closing its Amazon Webstore service for merchants, and\nhad selected Shopify as the preferred migration provider.<\/p>\n\n\n\n

Other\nbig news came in this year when Shopify announced the \u201eShopify\nFullfillment Network\u201c which\nallows merchants to outsource their packing, shipping, and delivery\nto Shopify.<\/p>\n\n\n\n

By\nthis announcement it became clear that Shopify really wants to be an\ne-commerce one stop solution for merchants and could eventually lure\naway third party sellers from Amazon. In the third quarter Shopify\nsurpassed one million merchants worldwide on their platform.\n\n<\/p>\n\n\n\n

\nBut\nnow have a look at recent numbers:<\/p>\n\n\n\n

Revenue in Q3 2019 increased 45% year over year to $390.6 million, \u201ebeating\u201c their own guidance for revenue between $377 million and $382 million. Clearly, the growth story is intact.<\/p>\n\n\n\n

But\nthe company posted an operating loss widening from $31.4 million in\nQ3 2018 to $35.7 million this quarter. This\nreflects the cost of international expansion and building up the\nfulfillment network. \n<\/p>\n\n\n\n

For\nthe FY 2019 Shopify is raising its revenue outlook and now expects\nrevenue between\n$1.545 billion and $1.555 billion. \n<\/p>\n\n\n\n

This means that the growth story continues at an expected revenue growth rate of not less than 40% year over year.<\/p>\n\n\n\n

Shopify’s\nstock is valued at a price\/sales ratio of 26 which certainly implies\nstrong growth expectations for the next years. Year to date the stock\nis up more than 130% .<\/p>\n\n\n\n

As all elements are in place for Shopify’s continued growth story we consider this stock a buy with a time horizon of not less than 5 years! <\/p>\n","protected":false},"excerpt":{"rendered":"

Shopify Inc. (NYSE:SHOP) just reported Q3 2019 results. But before we start to have a look at the numbers, what does this company do? Shopify is based in Ottawa, Canada, and provides a cloud based commerce platform for merchants of all sizes. It offers a single access to build an online shop, manage a physical […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3],"tags":[],"_links":{"self":[{"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=\/wp\/v2\/posts\/2106"}],"collection":[{"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2106"}],"version-history":[{"count":6,"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=\/wp\/v2\/posts\/2106\/revisions"}],"predecessor-version":[{"id":2112,"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=\/wp\/v2\/posts\/2106\/revisions\/2112"}],"wp:attachment":[{"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2106"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2106"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2106"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}