Shopify, a company specializing in cloud-based e-commerce, stands out aspromising growth stock on the stock market. With impressive profit growth and efficient asset utilization, Shopify has a strong outlook for investors. In this article, we’ll explore three key factors that make Shopify a smart choice for those looking to invest in high-potential stocks.
Impressive Profit Growth
In the world of growth stocks, the most attractive factor for investors is often profit growth. Companies that post sharply rising profit levels are generally considered attractive bets. Thus, Shopify stands out with a historical EPS growth rate of 69.1%. However, it’s the future projection that really catches the eye. This year, Shopify is expected to see a 19.3% increase in EPS, crushing the industry average of 14%. This forecast outperformance is a clear indicator of its strong outlook.
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Effective Use of Assets
Often overlooked in the development of growing businesses,asset utilization efficiency plays a crucial role. How effectively a company uses its assets to generate sales can be measured by the ratio sales-to-total-assets (S/TA). Currently, Shopify has an S/TA ratio of 0.71, meaning it generates $0.71 in sales for every $1 in assets. This ratio is higher than the industry average of 0.67, highlighting Shopify’s ability to maximize its resources to achieve optimal returns.
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Shopify (NYSE:SHOP) Investors Enjoy an Impressive 155% Return Over the Past Five Years
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Sales Growth Outlook
Although efficiency is essential, sales growth is also a key indicator of the success of a growth action. Shopify, with its innovative strategy and product-focused approach, is well-positioned to maintain its growth momentum. The company’s sales are expected to grow 21.7% this year, compared to the industry average of 5.8%. This development reflects a sharp increase in demand for its e-commerce services and a recognition of its dominant position in the market.
To learn more about why Shopify is considered a top stock with promising growth prospects, check out these insights here.
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