WallStSmart

Blackbaud Inc (BLKB)vsShopify Inc (SHOP)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Shopify Inc generates 1056% more annual revenue ($13.27B vs $1.15B). SHOP leads profitability with a 14.5% profit margin vs 13.1%. BLKB appears more attractively valued with a PEG of 0.51. BLKB earns a higher WallStSmart Score of 71/100 (B).

BLKB

Strong Buy

71

out of 100

Grade: B

Growth: 6.0Profit: 7.5Value: 8.7Quality: 3.5
Piotroski: 6/9Altman Z: 0.65

SHOP

Buy

62

out of 100

Grade: C+

Growth: 10.0Profit: 7.5Value: 4.0Quality: 8.5
Piotroski: 3/9Altman Z: 6.61
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

BLKBUndervalued (+37.3%)

Margin of Safety

+37.3%

Fair Value

$80.29

Current Price

$45.48

$34.81 discount

UndervaluedFair: $80.29Overvalued
SHOPUndervalued (+22.9%)

Margin of Safety

+22.9%

Fair Value

$151.66

Current Price

$128.79

$22.87 discount

UndervaluedFair: $151.66Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

BLKB5 strengths · Avg: 8.4/10
Return on EquityProfitability
41.9%10/10

Every $100 of equity generates 42 in profit

PEG RatioValuation
0.518/10

Growing faster than its price suggests

P/E RatioValuation
14.7x8/10

Attractively priced relative to earnings

Operating MarginProfitability
21.7%8/10

Strong operational efficiency at 21.7%

EPS GrowthGrowth
43.6%8/10

Earnings expanding 43.6% YoY

SHOP5 strengths · Avg: 9.8/10
Revenue GrowthGrowth
33.7%10/10

Revenue surging 33.7% year-over-year

EPS GrowthGrowth
68.1%10/10

Earnings expanding 68.1% YoY

Debt/EquityHealth
0.0110/10

Conservative balance sheet, low leverage

Altman Z-ScoreHealth
6.6110/10

Safe zone — low bankruptcy risk

Market CapQuality
$188.28B9/10

Large-cap with strong market position

Areas to Watch

BLKB4 concerns · Avg: 2.3/10
Revenue GrowthGrowth
3.0%4/10

3.0% revenue growth

Price/BookValuation
30.3x2/10

Trading at 30.3x book value

Altman Z-ScoreHealth
0.652/10

Distress zone — elevated risk

Debt/EquityHealth
17.161/10

Elevated debt levels

SHOP4 concerns · Avg: 2.8/10
Price/BookValuation
13.1x4/10

Trading at 13.1x book value

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

PEG RatioValuation
2.612/10

Expensive relative to growth rate

P/E RatioValuation
98.0x2/10

Premium valuation, high expectations priced in

Comparative Analysis Report

WallStSmart Research

Bull Case : BLKB

The strongest argument for BLKB centers on Return on Equity, PEG Ratio, P/E Ratio. PEG of 0.51 suggests the stock is reasonably priced for its growth.

Bull Case : SHOP

The strongest argument for SHOP centers on Revenue Growth, EPS Growth, Debt/Equity. Revenue growth of 33.7% demonstrates continued momentum.

Bear Case : BLKB

The primary concerns for BLKB are Revenue Growth, Price/Book, Altman Z-Score. Debt-to-equity of 17.16 is elevated, increasing financial risk.

Bear Case : SHOP

The primary concerns for SHOP are Price/Book, Piotroski F-Score, PEG Ratio. A P/E of 98.0x leaves little room for execution misses.

Key Dynamics to Monitor

BLKB profiles as a value stock while SHOP is a growth play — different risk/reward profiles.

SHOP carries more volatility with a beta of 2.62 — expect wider price swings.

SHOP is growing revenue faster at 33.7% — sustainability is the question.

SHOP generates stronger free cash flow (654M), providing more financial flexibility.

Bottom Line

BLKB scores higher overall (71/100 vs 62/100). SHOP offers better value entry with a 22.9% margin of safety. Both earn "Strong Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Blackbaud Inc

TECHNOLOGY · SOFTWARE - APPLICATION · USA

Blackbaud, Inc. provides cloud software solutions to nonprofits, foundations, businesses, educational institutions, healthcare organizations, and other social concern entities in the United States and internationally. The company is headquartered in Charleston, South Carolina.

Shopify Inc

TECHNOLOGY · SOFTWARE - APPLICATION · USA

Shopify Inc., a commerce company, offers a commerce and service platform in Canada, the United States, the United Kingdom, Australia, Latin America, and internationally. The company is headquartered in Ottawa, Canada.

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