Spotify Technology SA
NYSE:SPOT
Intrinsic Value
Spotify Technology SA is a digital music service offering music fans instant access to a world of music. [ Read More ]
The intrinsic value of one
SPOT
stock under the Base Case scenario is
172.48
USD.
Compared to the current market price of 275.83 USD,
Spotify Technology SA
is
Overvalued by 37%.
Spotify Technology SA's market capitalization is 54.4B USD.
SPOT stock price is 275.83 USD.
SPOT stock (172.48 USD) is 37% less than its price (275.83 USD).
SPOT stock (178.37 USD) is 35% less than its price (275.83 USD). Open Relative Valuation
SPOT has upside potential of 4% compared to the average analyst price target.
Open Wall St Estimates
SPOT's ROE (Return on Equity) has decreased in the last 3 years from -21% to -22%, and is approaching profitability.
SPOT's ROIC (Return on Invested Capital) has increased in the last 3 years from -6% to -3%, and is approaching profitability.
SPOT has positive Free Cash Flow for the last twelve months.
SPOT's Revenue has grown by 13% over the past 12 months.
SPOT's short-term assets (5B EUR) exceed its short-term liabilties (4B EUR).
SPOT's Revenue is forecast to grow at a rate of 15% per year over the next 3 years.
SPOT's long-term assets (8B EUR) exceed its long-term liabilties (6B EUR).
SPOT has positive Gross Profit for the last twelve months.
SPOT's ROIC (Return on Invested Capital) for the past 12 months is negative and is equal to -3%.
SPOT's Revenue has been growing by 19% per year for the last 3 years.
SPOT has negative Operating Income for the last twelve months.
SPOT has negative Net Income for the last twelve months.
SPOT's D/E (Debt to Equity) is very low and is equal to 0.67.
SPOT's ROE (Return on Equity) for the past 12 months is negative and is equal to -22%.
SPOT has negative Net Debt. This means that the company has more cash and short-term investments (4B EUR) than debt (2B EUR).
SPOT has negative three-year average ROIC (Return on Invested Capital): -11%. The company is not efficient at using invested capital to generate operating income.
SPOT has negative three-year average ROE (Return on Equity): -17%. The company is not efficient at transforming stockholders' equity into net income.
SPOT's Altman Z-Score is very high and is equal to 4.22.
SPOT doesn't generate enough operating income (-111m EUR) to safely cover interest payments on its debt (38m EUR).
Valuation Backtest
Spotify Technology SA
Run backtest to discover the historical profit from buying and selling
SPOT
stocks based on their intrinsic value.
Analyze the historical link between intrinsic value and market price to make more informed investment decisions.
Fundamental Analysis
Spotify Technology SA
Balance Sheet Decomposition
Spotify Technology SA
| Current Assets | 5.3B |
| Cash & Short-Term Investments | 4.2B |
| Receivables | 878m |
| Other Current Assets | 168m |
| Non-Current Assets | 3.1B |
| Long-Term Investments | 1.2B |
| PP&E | 547m |
| Intangibles | 1.2B |
| Other Non-Current Assets | 103m |
| Current Liabilities | 4.1B |
| Accounts Payable | 662m |
| Accrued Liabilities | 2.4B |
| Other Current Liabilities | 988m |
| Non-Current Liabilities | 1.7B |
| Long-Term Debt | 1.7B |
| Other Non-Current Liabilities | 37m |
Earnings Waterfall
Spotify Technology SA
|
Revenue
|
13.2B
EUR
|
|
Cost of Revenue
|
-9.8B
EUR
|
|
Gross Profit
|
3.4B
EUR
|
|
Operating Expenses
|
-3.5B
EUR
|
|
Operating Income
|
-111m
EUR
|
|
Other Expenses
|
-421m
EUR
|
|
Net Income
|
-532m
EUR
|
Free Cash Flow Analysis
Spotify Technology SA
What is Free Cash Flow?
SPOT Profitability Score
Profitability Due Diligence
Spotify Technology SA's profitability score is 36/100. The higher the profitability score, the more profitable the company is.
Score
Spotify Technology SA's profitability score is 36/100. The higher the profitability score, the more profitable the company is.
SPOT Solvency Score
Solvency Due Diligence
Spotify Technology SA's solvency score is 52/100. The higher the solvency score, the more solvent the company is.
Score
Spotify Technology SA's solvency score is 52/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
SPOT Price Targets Summary
Spotify Technology SA
According to Wall Street analysts, the average 1-year price target for
SPOT
is 286.35 USD
with a low forecast of 166.65 USD and a high forecast of 409.5 USD.
Shareholder Return
SPOT Price
Spotify Technology SA
| Average Annual Return | 7.18% |
| Standard Deviation of Annual Returns | 72.7% |
| Max Drawdown | -81% |
| Market Capitalization | 54.4B USD |
| Shares Outstanding | 198 327 008 |
| Percentage of Shares Shorted | 1.34% |
SPOT News
Last Important Events
Spotify Technology SA
Significant happenings or occurrences that are of interest to investors. These could be company-specific developments or market-wide shifts.
Sentiment Analysis
Spotify Technology SA
Company Profile
Spotify Technology SA
Country
Industry
Market Cap
Dividend Yield
Description
Spotify Technology SA is a digital music service offering music fans instant access to a world of music. The firm enables users to discover new releases, which includes the latest singles and albums; playlists, which includes ready-made playlists put together by music fans and experts, and over millions of songs so that users can play their favorites, discover new tracks and build a personalized collection. Users can either select Spotify Free, which includes only shuffle play or Spotify Premium, which encompasses a range of features, such as shuffle play, advertisement free, unlimited skips, listen offline, play any track and high quality audio. The firm operates through a number of subsidiaries, including Spotify LTD and is present in over 20 countries.
Contact
IPO
Employees
Officers
The intrinsic value of one
SPOT
stock under the Base Case scenario is
172.48
USD.
Compared to the current market price of 275.83 USD,
Spotify Technology SA
is
Overvalued by 37%.
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