WallStSmart

Roadzen Inc. (RDZN)vsShopify Inc (SHOP)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Shopify Inc generates 21886% more annual revenue ($13.27B vs $60.35M). SHOP leads profitability with a 14.5% profit margin vs -46.9%. RDZN trades at a lower P/E of 6.2x. SHOP earns a higher WallStSmart Score of 62/100 (C+).

RDZN

Avoid

29

out of 100

Grade: F

Growth: 8.0Profit: 2.5Value: 8.3Quality: 5.0
Piotroski: 5/9Altman Z: -7.08

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

RDZNUndervalued (+38.9%)

Margin of Safety

+38.9%

Fair Value

$2.47

Current Price

$1.20

$1.27 discount

UndervaluedFair: $2.47Overvalued
SHOPUndervalued (+22.9%)

Margin of Safety

+22.9%

Fair Value

$151.66

Current Price

$129.86

$21.80 discount

UndervaluedFair: $151.66Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

RDZN3 strengths · Avg: 10.0/10
P/E RatioValuation
6.2x10/10

Attractively priced relative to earnings

Revenue GrowthGrowth
49.0%10/10

Revenue surging 49.0% year-over-year

Debt/EquityHealth
-1.0310/10

Conservative balance sheet, low leverage

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

RDZN4 concerns · Avg: 3.0/10
EPS GrowthGrowth
0.0%4/10

0.0% earnings growth

Market CapQuality
$110.72M3/10

Smaller company, higher risk/reward

Return on EquityProfitability
0.0%3/10

ROE of 0.0% — below average capital efficiency

Free Cash FlowQuality
$-5.94M2/10

Negative free cash flow — burning cash

SHOP4 concerns · Avg: 2.8/10
Price/BookValuation
13.2x4/10

Trading at 13.2x 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 : RDZN

The strongest argument for RDZN centers on P/E Ratio, Revenue Growth, Debt/Equity. Revenue growth of 49.0% 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 : RDZN

The primary concerns for RDZN are EPS Growth, Market Cap, Return on Equity.

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

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

SHOP carries more volatility with a beta of 2.62 — expect wider price swings.

RDZN is growing revenue faster at 49.0% — sustainability is the question.

SHOP generates stronger free cash flow (654M), providing more financial flexibility.

Bottom Line

SHOP scores higher overall (62/100 vs 29/100) and 33.7% revenue growth. RDZN offers better value entry with a 38.9% margin of safety. Both earn "Buy" and "Avoid" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Roadzen Inc.

TECHNOLOGY · SOFTWARE - APPLICATION · USA

RoadZen, lnc. The company is headquartered in New Delhi, India.

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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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