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Spotify Technology SA
NYSE:SPOT

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Spotify Technology SA Logo
Spotify Technology SA
NYSE:SPOT
Watchlist
Price: 258.86 USD 0.96%
Updated: Mar 1, 2024

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 178.86 USD. Compared to the current market price of 258.86 USD, Spotify Technology SA is Overvalued by 31%.

Key Points:
SPOT Intrinsic Value
Base Case
178.86 USD
Overvaluation 31%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
Spotify Technology SA

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Fundamental Analysis

Spotify Approaching Podcast Profitability in 2024
2023-Q4 Earnings Call

Spotify Approaching Podcast Profitability in 2024

Spotify's Q4 podcasting nearly broke even, boosting confidence for a full-year podcast profit in 2024. The company eyes key growth levers: profitability in podcasting, growth of marketplace products, and more efficient streaming delivery. Advertising revenues showed robust FX-neutral high-teens growth, outpacing the broader market and benefitting from strong subscriber growth and a recent price hike. Overall, business progress is on track with strategic plans.

Financials

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
Efficiency
Fundamental Scores

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.

Positive 3-Years Revenue Growth
Positive Gross Profit
Positive Revenue Growth Forecast
Positive 1-Year Revenue Growth
36/100
Profitability
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.

High Altman Z-Score
Negative Net Debt
Low D/E
Long-Term Solvency
52/100
Solvency
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

Wall Street analysts forecast SPOT stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for SPOT is 271.1 USD with a low forecast of 166.65 USD and a high forecast of 346.5 USD.

Lowest
Price Target
166.65 USD
36% Downside
Average
Price Target
271.1 USD
5% Upside
Highest
Price Target
346.5 USD
34% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Shareholder Return

SPOT Price
Spotify Technology SA

1M 1M
+18%
6M 6M
+64%
1Y 1Y
+121%
3Y 3Y
-19%
5Y 5Y
+88%
10Y 10Y
+74%
Annual Price Range
258.86
52w Low
117.2
52w High
258.86
Price Metrics
Average Annual Return 6.76%
Standard Deviation of Annual Returns 72.67%
Max Drawdown -81%
Shares Statistics
Market Capitalization 51.1B USD
Shares Outstanding 197 143 008
Percentage of Shares Shorted 1.3%

SPOT Return Decomposition
Main factors of price return

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SPOT News

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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.

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Sentiment Analysis
Spotify Technology SA

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Last 7 Days 7D
Last 30 Days 30D
Last 90 Days 90D

Company Profile

Spotify Technology SA Logo
Spotify Technology SA

Country

Luxembourg

Industry

Media

Market Cap

51.1B USD

Dividend Yield

0%

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

Luxembourg
42-44 Avenue de la Gare
+46702204607.0
https://www.spotify.com

IPO

2018-04-03

Employees

6 617

Officers

Founder, CEO & Chairman
Mr. Daniel G. Ek
Chief Business Officer & Co-President
Mr. Alex Norström
Co-President, Chief Product & Technology Officer
Mr. Gustav Söderström
Co-Founder & Director
Mr. Sven Martin Lorentzon
Chief Financial Officer
Mr. Paul Aaron Vogel
Chief Public Affairs Officer
Ms. Dustee Tucker Jenkins
Show More
Controller & Chief Accounting Officer
Mr. Paul Sawyer
Head of Investor Relations
Mr. Bryan Daniel Goldberg
General Counsel
Ms. Eve Konstan
Chief Human Resources Officer
Ms. Katarina Berg
Show Less

See Also

Discover More
What is the Intrinsic Value of one SPOT stock?

The intrinsic value of one SPOT stock under the Base Case scenario is 178.86 USD.

Is SPOT stock undervalued or overvalued?

Compared to the current market price of 258.86 USD, Spotify Technology SA is Overvalued by 31%.