Don’t be disappointed at Shopify’s stock performance. It’s time to look ahead.
Shopify had a blowout fourth quarter, with sales rising 41% from a year earlier, the company reported after the market close on Feb. 15.
While we cannot predict which highly valued ecommerce companies might be next to disappoint investors, we can look ahead to see which are expected to increase sales the most quickly. A list of these expected rapid-growers derived from the holdings of three ecommerce exchange-traded funds is below. The stock was up fivefold for three years before Shopify put out its fourth-quarter results. And the stock was trading for 14.5 times the consensus forward sales estimate among analysts polled by FactSet. That’s a very high valuation when compared with a price/sales valuation of 2.6 for the S&P 500 SPX, -0.72% and 2.9 for a venerable internet services highflyer such as Amazon.com Inc. AMZN, -1.33%.
Three ecommerce ETFs In order to come up with a list of ecommerce stocks for a screen, we looked at three ETFs focusing on this industry group:
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