WallStSmart

Bentley Systems Inc (BSY)vsShopify Inc (SHOP)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Shopify Inc generates 669% more annual revenue ($11.56B vs $1.50B). BSY leads profitability with a 18.5% profit margin vs 10.6%. BSY appears more attractively valued with a PEG of 1.80. BSY earns a higher WallStSmart Score of 62/100 (C+).

BSY

Buy

62

out of 100

Grade: C+

Growth: 7.3Profit: 7.5Value: 7.3Quality: 3.8
Piotroski: 5/9Altman Z: 0.90

SHOP

Hold

48

out of 100

Grade: D+

Growth: 7.3Profit: 7.0Value: 2.0Quality: 8.5
Piotroski: 3/9Altman Z: 4.73
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

BSYSignificantly Overvalued (-17.9%)

Margin of Safety

-17.9%

Fair Value

$28.76

Current Price

$35.09

$6.33 premium

UndervaluedFair: $28.76Overvalued
SHOPSignificantly Overvalued (-1729.9%)

Margin of Safety

-1729.9%

Fair Value

$6.39

Current Price

$118.42

$112.03 premium

UndervaluedFair: $6.39Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

BSY2 strengths · Avg: 8.5/10
Return on EquityProfitability
24.9%9/10

Every $100 of equity generates 25 in profit

Operating MarginProfitability
20.7%8/10

Strong operational efficiency at 20.7%

SHOP5 strengths · Avg: 9.4/10
Revenue GrowthGrowth
30.6%10/10

Revenue surging 30.6% year-over-year

Debt/EquityHealth
0.0910/10

Conservative balance sheet, low leverage

Altman Z-ScoreHealth
4.7310/10

Safe zone — low bankruptcy risk

Market CapQuality
$151.59B9/10

Large-cap with strong market position

Operating MarginProfitability
20.3%8/10

Strong operational efficiency at 20.3%

Areas to Watch

BSY4 concerns · Avg: 3.0/10
PEG RatioValuation
1.804/10

Expensive relative to growth rate

Price/BookValuation
9.2x4/10

Trading at 9.2x book value

P/E RatioValuation
43.7x2/10

Premium valuation, high expectations priced in

Altman Z-ScoreHealth
0.902/10

Distress zone — elevated risk

SHOP4 concerns · Avg: 2.8/10
Price/BookValuation
11.5x4/10

Trading at 11.5x book value

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

PEG RatioValuation
9.562/10

Expensive relative to growth rate

P/E RatioValuation
123.6x2/10

Premium valuation, high expectations priced in

Comparative Analysis Report

WallStSmart Research

Bull Case : BSY

The strongest argument for BSY centers on Return on Equity, Operating Margin. Profitability is solid with margins at 18.5% and operating margin at 20.7%. Revenue growth of 11.9% demonstrates continued momentum.

Bull Case : SHOP

The strongest argument for SHOP centers on Revenue Growth, Debt/Equity, Altman Z-Score. Revenue growth of 30.6% demonstrates continued momentum.

Bear Case : BSY

The primary concerns for BSY are PEG Ratio, Price/Book, P/E Ratio. A P/E of 43.7x leaves little room for execution misses.

Bear Case : SHOP

The primary concerns for SHOP are Price/Book, Piotroski F-Score, PEG Ratio. A P/E of 123.6x leaves little room for execution misses.

Key Dynamics to Monitor

BSY profiles as a mature stock while SHOP is a growth play — different risk/reward profiles.

SHOP carries more volatility with a beta of 2.90 — expect wider price swings.

SHOP is growing revenue faster at 30.6% — sustainability is the question.

SHOP generates stronger free cash flow (715M), providing more financial flexibility.

Bottom Line

BSY scores higher overall (62/100 vs 48/100), backed by strong 18.5% margins and 11.9% revenue growth. Both earn "Buy" and "Hold" ratings respectively — the choice depends on your investment horizon and risk tolerance.

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

Bentley Systems Inc

TECHNOLOGY · SOFTWARE - APPLICATION · USA

Bentley Systems, Incorporated, provides infrastructure engineering software solutions in the Americas, Europe, the Middle East, Africa, and Asia-Pacific. The company is headquartered in Exton, Pennsylvania.

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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