Comprehensive Stock Comparison
Compare Diginex Limited (DGNX) vs Shopify Inc. (SHOP) Stock
Analyze side-by-side fundamentals, valuation, growth, and profitability to decide which stock is the better buy.
Selected Stocks
Add up to 10 tickers. Use presets or search to get started.
Quick Verdict
| Category | Winner | Why |
|---|---|---|
| Growth | DGNX | 57.0% revenue growth vs SHOP's 30.1% |
| Quality / Margins | SHOP | 10.7% net margin vs DGNX's -255.5% |
| Stability / Safety | DGNX | Beta 1.16 vs SHOP's 2.23 |
| Dividends | Tie | Neither pays a meaningful dividend |
| Momentum (1Y) | SHOP | +7.8% vs DGNX's -92.6% |
| Efficiency (ROA) | SHOP | 8.1% ROA vs DGNX's -144.4% |
Who Each Stock Is For
Income & stability
Growth exposure
Sleep-well-at-night portfolio
Defensive / Recession hedge
Business Model
What each company does and how it makes money
Diginex Limited provides environmental, social, and governance (ESG) reporting and advisory services through a suite of cloud-based software products. It generates revenue primarily from its diginexESG platform subscriptions — which offers end-to-end ESG reporting — along with advisory services and white-label solutions for enterprise clients. The company's competitive advantage lies in its integrated software suite that combines data collection, risk assessment, and reporting tools into a single platform, addressing the growing regulatory demand for ESG compliance.
Shopify is a comprehensive commerce platform that enables businesses of all sizes to create online stores, manage sales across multiple channels, and handle operations like payments, shipping, and inventory. It generates revenue primarily through subscription fees for its platform tiers — which account for about 30% of revenue — and merchant solutions like payment processing, shipping, and capital advances that make up the remaining 70%. The company's key advantage is its integrated ecosystem that combines easy-to-use store creation tools with a vast app marketplace and fulfillment network, creating high switching costs for merchants as they grow their businesses.
Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
Financial Metrics Comparison
Side-by-side fundamentals across 2 stocks. BestLagging
Financial Scorecard
SHOP leads in 4 of 6 categories — strongest in Financial Metrics and Valuation Metrics. 1 category is tied.
Financial Metrics (TTM)
SHOP is the larger business by revenue, generating $11.6B annually — 5663.0x DGNX's $2M. SHOP is the more profitable business, keeping 10.7% of every revenue dollar as net income compared to DGNX's -2.6%.
| Metric | DGNXDiginex Limited | SHOPShopify Inc. |
|---|---|---|
| RevenueTrailing 12 months | $2M | $11.6B |
| EBITDAEarnings before interest/tax | — | $1.5B |
| Net IncomeAfter-tax profit | — | $1.2B |
| Free Cash FlowCash after capex | — | $2.0B |
| Gross MarginGross profit ÷ Revenue | +100.0% | +48.1% |
| Operating MarginEBIT ÷ Revenue | -4.1% | +12.7% |
| Net MarginNet income ÷ Revenue | -2.6% | +10.7% |
| FCF MarginFCF ÷ Revenue | -3.8% | +17.4% |
| Rev. Growth (YoY)Latest quarter vs prior year | — | +30.6% |
| EPS Growth (YoY)Latest quarter vs prior year | — | -42.0% |
Valuation Metrics
| Metric | DGNXDiginex Limited | SHOPShopify Inc. |
|---|---|---|
| Market CapShares × price | $133M | $157.4B |
| Enterprise ValueMkt cap + debt − cash | $130M | $156.1B |
| Trailing P/EPrice ÷ TTM EPS | -9.56x | 128.44x |
| Forward P/EPrice ÷ next-FY EPS est. | — | 65.90x |
| PEG RatioP/E ÷ EPS growth rate | — | 4.38x |
| EV / EBITDAEnterprise value multiple | — | 104.11x |
| Price / SalesMarket cap ÷ Revenue | 65.14x | 13.62x |
| Price / BookPrice ÷ Book value/share | 19.50x | 11.69x |
| Price / FCFMarket cap ÷ FCF | — | 78.44x |
Profitability & Efficiency
SHOP delivers a 9.1% return on equity — every $100 of shareholder capital generates $9 in annual profit, vs $-114 for DGNX. SHOP carries lower financial leverage with a 0.01x debt-to-equity ratio, signaling a more conservative balance sheet compared to DGNX's 0.05x. On the Piotroski fundamental quality scale (0–9), SHOP scores 6/9 vs DGNX's 4/9, reflecting solid financial health.
| Metric | DGNXDiginex Limited | SHOPShopify Inc. |
|---|---|---|
| ROE (TTM)Return on equity | -114.4% | +9.1% |
| ROA (TTM)Return on assets | -144.4% | +8.1% |
| ROICReturn on invested capital | — | +9.4% |
| ROCEReturn on capital employed | -177.9% | +11.0% |
| Piotroski ScoreFundamental quality 0–9 | 4 | 6 |
| Debt / EquityFinancial leverage | 0.05x | 0.01x |
| Net DebtTotal debt minus cash | -$3M | -$1.4B |
| Cash & Equiv.Liquid assets | $3M | $1.5B |
| Total DebtShort + long-term debt | $237,675 | $188M |
| Interest CoverageEBIT ÷ Interest expense | -20.25x | — |
Total Returns (with DRIP)
Over the past 12 months, SHOP leads with a +7.8% total return vs DGNX's -92.6%.
| Metric | DGNXDiginex Limited | SHOPShopify Inc. |
|---|---|---|
| YTD ReturnYear-to-date | -86.4% | -23.2% |
| 1-Year ReturnPast 12 months | -92.6% | +7.8% |
| 3-Year ReturnCumulative with dividends | — | +193.5% |
| 5-Year ReturnCumulative with dividends | — | -7.8% |
| 10-Year ReturnCumulative with dividends | — | +5294.6% |
| CAGR (3Y)Annualised 3-year return | — | +43.2% |
Risk & Volatility
DGNX is the less volatile stock with a 1.16 beta — it tends to amplify market swings less than SHOP's 2.23 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. SHOP currently trades 66.3% from its 52-week high vs DGNX's 1.6% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | DGNXDiginex Limited | SHOPShopify Inc. |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.16x | 2.23x |
| 52-Week HighHighest price in past year | $39.85 | $182.19 |
| 52-Week LowLowest price in past year | $0.52 | $69.84 |
| % of 52W HighCurrent price vs 52-week peak | +1.6% | +66.3% |
| RSI (14)Momentum oscillator 0–100 | 27.3 | 48.7 |
| Avg Volume (50D)Average daily shares traded | 4.2M | 10.0M |
Analyst Outlook
| Metric | DGNXDiginex Limited | SHOPShopify Inc. |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | — | Buy |
| Price TargetConsensus 12-month target | — | $165.16 |
| # AnalystsCovering analysts | — | 63 |
| Dividend YieldAnnual dividend ÷ price | — | — |
| Dividend StreakConsecutive years of raises | — | — |
| Dividend / ShareAnnual DPS | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% |
Historical Charts
Charts are rendered on first load. Hover for details.
Chart 1Total Return — 5 Years (Rebased to 100)
| Stock | Jan 25 | Feb 26 | Change |
|---|---|---|---|
| Diginex Limited (DGNX) | NaN | ∞ | NaN% |
| Shopify Inc. (SHOP) | 100 | 115.57 | +15.6% |
Diginex Limited (DGNX) returned +InfinityK% over 5 years vs Shopify Inc. (SHOP)'s -8%. A $10,000 investment in DGNX 5 years ago would be worth $∞ today (including dividends reinvested).
Chart 2Revenue Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Diginex Limited (DGNX) | $1M | $2M | +82.2% |
| Shopify Inc. (SHOP) | $389M | $11.6B | +2868.2% |
Shopify Inc.'s revenue grew from $389M (2016) to $11.6B (2025) — a 45.8% CAGR.
Chart 3Net Margin Trend — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Diginex Limited (DGNX) | -11.6% | -2.6% | +77.9% |
| Shopify Inc. (SHOP) | -9.1% | 10.7% | +217.3% |
Shopify Inc.'s net margin went from -9% (2016) to 11% (2025).
Chart 4P/E Ratio History — 4 Years
| Stock | 2020 | 2025 | Change |
|---|---|---|---|
| Shopify Inc. (SHOP) | 435.4 | 171.2 | -60.7% |
Shopify Inc. has traded in a 61x–435x P/E range over 4 years; current trailing P/E is ~128x.
Chart 5EPS Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Diginex Limited (DGNX) | -0.07 | -0.07 | +7.0% |
| Shopify Inc. (SHOP) | -0.04 | 0.94 | +2332.8% |
Shopify Inc.'s EPS grew from $-0.04 (2016) to $0.94 (2025).
Chart 6Free Cash Flow — 5 Years
Diginex Limited generated $-8M FCF in 2025 (-18% vs 2022). Shopify Inc. generated $2B FCF in 2025 (+314% vs 2021).
DGNX vs SHOP: Frequently Asked Questions
6 questions · data-driven answers · updated daily
01Is DGNX or SHOP a better buy right now?
Shopify Inc. (SHOP) offers the better valuation at 128.4x trailing P/E (65.9x forward), making it the more compelling value choice. Analysts rate Shopify Inc. (SHOP) a "Buy" — based on 63 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which is safer — DGNX or SHOP?
By beta (market sensitivity over 5 years), Diginex Limited (DGNX) is the lower-risk stock at 1.16β versus Shopify Inc.'s 2.23β — meaning SHOP is approximately 92% more volatile than DGNX relative to the S&P 500. On balance sheet safety, Shopify Inc. (SHOP) carries a lower debt/equity ratio of 1% versus 5% for Diginex Limited — giving it more financial flexibility in a downturn.
03Which has better profit margins — DGNX or SHOP?
Shopify Inc. (SHOP) is the more profitable company, earning 10.7% net margin versus -255.5% for Diginex Limited — meaning it keeps 10.7% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: SHOP leads at 12.7% versus -406.9% for DGNX. At the gross margin level — before operating expenses — DGNX leads at 100.0%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
04Which pays a better dividend — DGNX or SHOP?
None of the stocks in this comparison currently pay a material dividend. All are effectively zero-yield and should be held for capital appreciation rather than income.
05Is DGNX or SHOP better for a retirement portfolio?
For long-horizon retirement investors, Diginex Limited (DGNX) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 1.16)). Shopify Inc. (SHOP) carries a higher beta of 2.23 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
06What are the main differences between DGNX and SHOP?
Both stocks operate in the Technology sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
Find Stocks Like These
Explore pre-built screens for each stock's profile, or build a custom screen to find stocks that beat both.