WallStSmart

Commerce.com, Inc. (CMRC)vsShopify Inc (SHOP)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Shopify Inc generates 3466% more annual revenue ($12.37B vs $346.82M). SHOP leads profitability with a 10.8% profit margin vs -4.4%. SHOP earns a higher WallStSmart Score of 50/100 (C-).

CMRC

Avoid

33

out of 100

Grade: F

Growth: 5.3Profit: 3.5Value: 6.7Quality: 4.0
Piotroski: 5/9Altman Z: -1.38

SHOP

Buy

50

out of 100

Grade: C-

Growth: 7.3Profit: 7.0Value: 4.7Quality: 8.5
Piotroski: 3/9Altman Z: 6.60
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

CMRCUndervalued (+89.2%)

Margin of Safety

+89.2%

Fair Value

$25.33

Current Price

$2.82

$22.51 discount

UndervaluedFair: $25.33Overvalued
SHOPUndervalued (+18.4%)

Margin of Safety

+18.4%

Fair Value

$143.39

Current Price

$109.54

$33.85 discount

UndervaluedFair: $143.39Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

CMRC0 strengths · Avg: 0/10

No standout strengths identified

SHOP4 strengths · Avg: 9.8/10
Revenue GrowthGrowth
34.3%10/10

Revenue surging 34.3% year-over-year

Debt/EquityHealth
0.0110/10

Conservative balance sheet, low leverage

Altman Z-ScoreHealth
6.6010/10

Safe zone — low bankruptcy risk

Market CapQuality
$139.50B9/10

Large-cap with strong market position

Areas to Watch

CMRC4 concerns · Avg: 2.8/10
EPS GrowthGrowth
0.0%4/10

0.0% earnings growth

Market CapQuality
$236.81M3/10

Smaller company, higher risk/reward

Return on EquityProfitability
-32.5%2/10

ROE of -32.5% — below average capital efficiency

Altman Z-ScoreHealth
-1.382/10

Distress zone — elevated risk

SHOP4 concerns · Avg: 3.3/10
PEG RatioValuation
2.104/10

Expensive relative to growth rate

Price/BookValuation
11.4x4/10

Trading at 11.4x book value

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

P/E RatioValuation
105.4x2/10

Premium valuation, high expectations priced in

Comparative Analysis Report

WallStSmart Research

Bull Case : CMRC

CMRC has a balanced fundamental profile.

Bull Case : SHOP

The strongest argument for SHOP centers on Revenue Growth, Debt/Equity, Altman Z-Score. Revenue growth of 34.3% demonstrates continued momentum.

Bear Case : CMRC

The primary concerns for CMRC are EPS Growth, Market Cap, Return on Equity. Debt-to-equity of 3.52 is elevated, increasing financial risk.

Bear Case : SHOP

The primary concerns for SHOP are PEG Ratio, Price/Book, Piotroski F-Score. A P/E of 105.4x leaves little room for execution misses.

Key Dynamics to Monitor

CMRC profiles as a turnaround stock while SHOP is a growth play — different risk/reward profiles.

SHOP carries more volatility with a beta of 2.59 — expect wider price swings.

SHOP is growing revenue faster at 34.3% — sustainability is the question.

SHOP generates stronger free cash flow (476M), providing more financial flexibility.

Bottom Line

SHOP scores higher overall (50/100 vs 33/100) and 34.3% revenue growth. CMRC offers better value entry with a 89.2% margin of safety. Both earn "Buy" and "Avoid" ratings respectively — the choice depends on your investment horizon and risk tolerance.

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

Commerce.com, Inc.

TECHNOLOGY · SOFTWARE - APPLICATION · USA

Commerce.com, Inc. operates a software-as-a-service e-commerce platform for brands and retailers in the United States, North and South America, Europe, the Middle East, Africa, and the Asia Pacific. The company is headquartered in Austin, Texas.

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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