WallStSmart

Karooooo Ltd (KARO)vsShopify Inc (SHOP)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Shopify Inc generates 130% more annual revenue ($13.27B vs $5.77B). KARO leads profitability with a 17.8% profit margin vs 14.5%. KARO trades at a lower P/E of 31.3x. SHOP earns a higher WallStSmart Score of 62/100 (C+).

KARO

Buy

62

out of 100

Grade: C+

Growth: 7.3Profit: 9.5Value: 6.3Quality: 7.0
Piotroski: 3/9Altman Z: 3.16

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

KAROUndervalued (+68.0%)

Margin of Safety

+68.0%

Fair Value

$155.18

Current Price

$64.78

$90.40 discount

UndervaluedFair: $155.18Overvalued
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

KARO5 strengths · Avg: 9.0/10
Return on EquityProfitability
30.0%10/10

Every $100 of equity generates 30 in profit

Altman Z-ScoreHealth
3.1610/10

Safe zone — low bankruptcy risk

Debt/EquityHealth
0.309/10

Conservative balance sheet, low leverage

Operating MarginProfitability
26.2%8/10

Strong operational efficiency at 26.2%

Revenue GrowthGrowth
22.5%8/10

Revenue surging 22.5% year-over-year

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

KARO4 concerns · Avg: 3.5/10
P/E RatioValuation
31.3x4/10

Premium valuation, high expectations priced in

Price/BookValuation
8.9x4/10

Trading at 8.9x book value

Market CapQuality
$1.97B3/10

Smaller company, higher risk/reward

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

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 : KARO

The strongest argument for KARO centers on Return on Equity, Altman Z-Score, Debt/Equity. Profitability is solid with margins at 17.8% and operating margin at 26.2%. Revenue growth of 22.5% demonstrates continued momentum.

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 : KARO

The primary concerns for KARO are P/E Ratio, Price/Book, Market Cap.

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

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.

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

Bottom Line

KARO scores higher overall (62/100 vs 62/100), backed by strong 17.8% margins and 22.5% revenue growth. SHOP offers better value entry with a 22.9% 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.

Karooooo Ltd

TECHNOLOGY · SOFTWARE - APPLICATION · USA

Karooooo Ltd. develops a vehicle fleet management software solution. The company is headquartered in Singapore.

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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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