Spotify Technology SA
NYSE:SPOT
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Spotify Technology SA
NYSE:SPOT
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Nebius Group NV
F:YDX
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Intrinsic Value
The intrinsic value of Spotify Technology SA (SPOT) under the Base Case is 421.39 USD per share.
Compared with the current market price of 594 USD, the stock appears
Overvalued by 29% .
The intrinsic value is calculated using the DCF method.
Do our valuations actually work? See backtest results .
Cheap or expensive for this stock?
This block shows whether today’s valuation is cheap or expensive compared with the stock’s own history, and what happened after similar valuations in the past.
We compare the gap between the stock’s price and our estimated value over time.
- Undervalued can still be historically expensive. The stock may trade below our estimated value, but usually offer an even bigger discount.
- Overvalued can still be historically cheap. The stock may trade above our estimated value, but usually carry an even higher premium.
Market expectations can differ from our model, which may not fully capture everything affecting the price. That is why some stocks regularly trade above our estimated value and others below it.
The scale and chart show how today’s valuation compares with the past. The cards summarize past returns and waiting times until the stock stopped being cheap or expensive. This can happen because the price changed, our estimated value changed, or both.
Only completed periods are included. These are past results, not forecasts. The usual historical range does not necessarily mean fair value.
Fundamental Analysis
What Spotify Technology Does
Spotify is a digital audio service that lets people stream music, podcasts, and audiobooks on phones, computers, cars, and smart speakers. It sells access to a huge library of licensed audio content through an app that helps users search, save, and discover what to listen to next. Its main customers are everyday listeners, both people who pay for ad-free access and people who use the free ad-supported version.
- Headquarters
- Luxembourg LU
- Employees
- 7 287
- IPO date
- Apr 3, 2018
Spotify Technology has a narrow economic moat
Listening histories and carefully built music collections give Spotify users something that takes time to recreate elsewhere. Its community also supplies shared playlists and listening companions that a smaller rival cannot immediately reproduce. These advantages give listeners reasons to stay beyond access to the same songs.
Read the full moat analysis
Revenue & Expenses Breakdown
Spotify Technology SA
Earnings Waterfall
Spotify Technology SA
The intrinsic value for Spotify Technology SA (SPOT) under the Base Case is 421.39 USD.
Compared with the current market price of 594 USD, the stock appears Overvalued by 29% .