WallStSmart

Grab Holdings Ltd (GRAB)vsShopify Inc (SHOP)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Shopify Inc generates 248% more annual revenue ($12.37B vs $3.55B). SHOP leads profitability with a 10.8% profit margin vs 10.7%. GRAB appears more attractively valued with a PEG of 1.02. GRAB earns a higher WallStSmart Score of 59/100 (C).

GRAB

Buy

59

out of 100

Grade: C

Growth: 9.3Profit: 4.5Value: 4.0Quality: 4.8
Piotroski: 5/9Altman Z: -0.37

SHOP

Buy

50

out of 100

Grade: C-

Growth: 7.3Profit: 7.0Value: 4.7Quality: 8.5
Piotroski: 3/9Altman Z: 4.73
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

GRABFair Value (-1.9%)

Margin of Safety

-1.9%

Fair Value

$4.15

Current Price

$3.72

$0.43 premium

UndervaluedFair: $4.15Overvalued
SHOPUndervalued (+26.1%)

Margin of Safety

+26.1%

Fair Value

$158.22

Current Price

$110.41

$47.81 discount

UndervaluedFair: $158.22Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

GRAB3 strengths · Avg: 8.0/10
Price/BookValuation
2.3x8/10

Reasonable price relative to book value

Revenue GrowthGrowth
23.5%8/10

Revenue surging 23.5% year-over-year

EPS GrowthGrowth
41.0%8/10

Earnings expanding 41.0% YoY

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

Revenue surging 34.3% 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
$136.82B9/10

Large-cap with strong market position

Areas to Watch

GRAB4 concerns · Avg: 2.5/10
Return on EquityProfitability
4.8%3/10

ROE of 4.8% — below average capital efficiency

Operating MarginProfitability
2.7%3/10

Operating margin of 2.7%

P/E RatioValuation
94.3x2/10

Premium valuation, high expectations priced in

Free Cash FlowQuality
$-29.00M2/10

Negative free cash flow — burning cash

SHOP4 concerns · Avg: 3.3/10
PEG RatioValuation
2.414/10

Expensive relative to growth rate

Price/BookValuation
10.7x4/10

Trading at 10.7x book value

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

P/E RatioValuation
103.4x2/10

Premium valuation, high expectations priced in

Comparative Analysis Report

WallStSmart Research

Bull Case : GRAB

The strongest argument for GRAB centers on Price/Book, Revenue Growth, EPS Growth. Revenue growth of 23.5% demonstrates continued momentum. PEG of 1.02 suggests the stock is reasonably priced for its growth.

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 : GRAB

The primary concerns for GRAB are Return on Equity, Operating Margin, P/E Ratio. A P/E of 94.3x leaves little room for execution misses.

Bear Case : SHOP

The primary concerns for SHOP are PEG Ratio, Price/Book, Piotroski F-Score. A P/E of 103.4x leaves little room for execution misses.

Key Dynamics to Monitor

SHOP carries more volatility with a beta of 2.64 — expect wider price swings.

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

SHOP generates stronger free cash flow (469M), providing more financial flexibility.

Monitor SOFTWARE - APPLICATION industry trends, competitive dynamics, and regulatory changes.

Bottom Line

GRAB scores higher overall (59/100 vs 50/100) and 23.5% revenue growth. SHOP offers better value entry with a 26.1% margin of safety. Both earn "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.

Grab Holdings Ltd

TECHNOLOGY · SOFTWARE - APPLICATION · USA

Grab Holdings Ltd is a premier technology platform in Southeast Asia, specializing in ride-hailing, food delivery, and digital payment solutions. Established in 2012, Grab has rapidly scaled its operations to meet the diverse needs of urban consumers, serving millions across the region. With a strong emphasis on innovation and sustainability, the company continues to invest in strategic partnerships and technology to improve its offerings. As Grab expands its services and geographic presence, it is strategically positioned to capture the burgeoning demand for integrated consumer solutions in the fast-evolving Southeast Asian digital landscape.

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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