WallStSmart

NETCLASS TECHNOLOGY INC Class A Ordinary Shares (NTCL)vsShopify Inc (SHOP)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Shopify Inc generates 105963% more annual revenue ($13.27B vs $12.51M). SHOP leads profitability with a 14.5% profit margin vs -94.6%. SHOP earns a higher WallStSmart Score of 62/100 (C+).

NTCL

Hold

41

out of 100

Grade: D

Growth: 6.0Profit: 2.0Value: 5.0Quality: 3.0
Piotroski: 1/9Altman Z: -2.24

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

Intrinsic value data unavailable for NTCL.

SHOPUndervalued (+23.7%)

Margin of Safety

+23.7%

Fair Value

$153.27

Current Price

$154.33

$1.06 discount

UndervaluedFair: $153.27Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

NTCL2 strengths · Avg: 10.0/10
Price/BookValuation
0.6x10/10

Reasonable price relative to book value

Revenue GrowthGrowth
74.0%10/10

Revenue surging 74.0% 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
$197.99B9/10

Large-cap with strong market position

Areas to Watch

NTCL4 concerns · Avg: 3.0/10
EPS GrowthGrowth
0.0%4/10

0.0% earnings growth

Market CapQuality
$3.09M3/10

Smaller company, higher risk/reward

Piotroski F-ScoreQuality
1/93/10

Weak financial health signals

Return on EquityProfitability
-172.0%2/10

ROE of -172.0% — below average capital efficiency

SHOP4 concerns · Avg: 2.8/10
Price/BookValuation
15.7x4/10

Trading at 15.7x 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
101.2x2/10

Premium valuation, high expectations priced in

Comparative Analysis Report

WallStSmart Research

Bull Case : NTCL

The strongest argument for NTCL centers on Price/Book, Revenue Growth. Revenue growth of 74.0% 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 : NTCL

The primary concerns for NTCL are EPS Growth, Market Cap, Piotroski F-Score.

Bear Case : SHOP

The primary concerns for SHOP are Price/Book, Piotroski F-Score, PEG Ratio. A P/E of 101.2x leaves little room for execution misses.

Key Dynamics to Monitor

NTCL profiles as a hypergrowth stock while SHOP is a growth play — different risk/reward profiles.

NTCL is growing revenue faster at 74.0% — 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

SHOP scores higher overall (62/100 vs 41/100) and 33.7% revenue growth. Both earn "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.

NETCLASS TECHNOLOGY INC Class A Ordinary Shares

TECHNOLOGY · SOFTWARE - APPLICATION · USA

NetClass Technology Inc, offers IT solutions to schools, corporations, other institutions, and corporate customers in the People's Republic of China.

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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