WallStSmart

Dave Inc (DAVE)vsShopify Inc (SHOP)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Shopify Inc generates 1985% more annual revenue ($11.56B vs $554.18M). DAVE leads profitability with a 35.3% profit margin vs 10.6%. DAVE trades at a lower P/E of 15.3x. DAVE earns a higher WallStSmart Score of 70/100 (B).

DAVE

Strong Buy

70

out of 100

Grade: B

Growth: 10.0Profit: 10.0Value: 8.3Quality: 7.8
Piotroski: 4/9Altman Z: 4.86

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

DAVEUndervalued (+73.2%)

Margin of Safety

+73.2%

Fair Value

$633.20

Current Price

$181.00

$452.20 discount

UndervaluedFair: $633.20Overvalued
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

DAVE6 strengths · Avg: 10.0/10
Return on EquityProfitability
73.1%10/10

Every $100 of equity generates 73 in profit

Profit MarginProfitability
35.3%10/10

Keeps 35 of every $100 in revenue as profit

Operating MarginProfitability
39.4%10/10

Strong operational efficiency at 39.4%

Revenue GrowthGrowth
62.4%10/10

Revenue surging 62.4% year-over-year

EPS GrowthGrowth
292.4%10/10

Earnings expanding 292.4% YoY

Altman Z-ScoreHealth
4.8610/10

Safe zone — low bankruptcy risk

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

DAVE0 concerns · Avg: 0/10

No major concerns identified

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 : DAVE

The strongest argument for DAVE centers on Return on Equity, Profit Margin, Operating Margin. Profitability is solid with margins at 35.3% and operating margin at 39.4%. Revenue growth of 62.4% 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 : DAVE

No major red flags identified for DAVE, but monitor valuation.

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

DAVE carries more volatility with a beta of 3.87 — expect wider price swings.

DAVE is growing revenue faster at 62.4% — sustainability is the question.

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

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

Bottom Line

DAVE scores higher overall (70/100 vs 48/100), backed by strong 35.3% margins and 62.4% revenue growth. Both earn "Strong 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.

Dave Inc

TECHNOLOGY · SOFTWARE - APPLICATION · USA

Dave Inc. (Ticker: DAVE) is a U.S.–based financial technology (fintech) and digital banking company that offers consumer-focused financial products and services through its mobile platform. Its offerings include budgeting tools to help users manage income and expenses, ExtraCash short-term cash advances, digital checking accounts via Dave Banking, and a job-finding feature called Side Hustle. The company’s platform aims to provide accessible, modern financial solutions designed as alternatives to traditional banking fees and overdraft charges.

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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