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Company Analysis

Spotify Technology S.A. SPOT

A comprehensive view of key metrics, scores, and financial health for Spotify Technology S.A.

Overview of Spotify Technology S.A.

SPOT NYQ
Communication Services Internet Content & Information Large Cap
Spotify Technology S.A. (SPOT), is a Large Cap company, in the Internet Content & Information industry, last closed at $516.06, about 58.6% overvalued vs fair value, -13.6% 1Y return, placing in the top 10% of its sector.
$516.06
1.27%
As of March 13, 2026
Previous close • Vol 90d: 48.1%
52-Week Range
Market Cap
$116.33B
Enterprise Value
$113.03B
Overall Score
Scores locked

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Top Beats

Quick Facts

Website https://www.spotify.com
HQ Stockholm
Employees 7,000
Fiscal year Dec 31

Next Events

Earnings Apr 28 Estimated

Fair Value Snapshot

Bear Base Bull
$193
$213
$236
Current: $516.06 -59% vs base

Engine Room Money Flow™

Large Cap

Corporate Free Cash Flow - Where revenue goes and how value is created

Flow Steps
Revenue
$17.2B
9.7%%
Gross Profit
$5.5B
16.3%%
Operating Income
$2.2B
61%%
Net Income
$2.2B
94.4%%
Money Flow Bridge
Flow Direction: Money moves from left to right
Components: Breakdown shows composition of each stage
Industry-Specific: Corporate Free Cash Flow

Quality & Reliability Indicators

Cash Conversion Ratio
129.8%
Excellent

FCF / Net Income - measures how well earnings convert to cash

Locked Metric
-
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Owner's Pocket - Capital Allocation

Total Returned to Shareholders

Combined dividends, buybacks, and debt reduction

$554.2M
19.3% of FCF

Where It Leaks

Cash Flow Health healthy
Strong cash conversion with minimal leakage across profit-to-cash-to-value chain.
0
Active Leaks
0/0
Improving
0
High Impact
0
Critical
Moat Analysis Corporate Default

Competitive Advantage Assessment

Evaluating Spotify Technology S.A.'s durable competitive advantages across 6 defense dimensions

Overall Moat Strength
71
/100
Moderate
Scores based on quantitative metrics and qualitative factors

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Pricing Power

Moderate
56
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Trade-Off Ledger™

Where management spends the performance budget - Growth, Profitability, or Safety

Software SaaS vs Industry Peers 93% Coverage
Trade-Off Triangle Visualization A ternary plot showing SPOT's balance between Growth (35.0%), Profitability (36.5%), and Safety (28.5%). Growth 35% Safety 29% Profitability 36%

Click axes to expand details. Marker shows current allocation.

3-Year Trend Analysis Locked
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Growth

66th percentile vs peers
66
Key Signals
Rev Growth YoY 9.7% 64p Revenue CAGR 3Y 13.6% 62p EPS Growth YoY 91.1% 78p
Strengths
  • Roic in top 20% of peers (22.2%, 91th percentile)
  • Net Profit Margin in top 20% of peers (12.9%, 80th percentile)
  • Fcf Margin in top 20% of peers (16.7%, 80th percentile)
  • Cash Flow To Debt Ratio in top 20% of peers (7.54, 93th percentile)
  • Superior capital returns - 2 return metrics above peer median
Risks

No significant risks identified for this axis.

Profitability

69th percentile vs peers
69
Key Signals
Strengths
Risks
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Safety

54th percentile vs peers
54
Key Signals
Strengths
Safety drilldowns are available to premium members.

Two Futures

Scenario-based fair value ranges for Spotify Technology S.A..

Loading valuation model...
Unable to Compute Fair Value

This company cannot be valued using standard models.

What this means: The Scenario Theatre requires financial data (revenue, cash flow, shares outstanding) to calculate fair value estimates. This data may be unavailable for:

  • Recently listed companies (IPOs, SPACs)
  • Shell companies or holding companies
  • Companies that haven't filed recent financials
  • Foreign companies with limited data coverage
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Bear
-
- - -
- upside
-
Base
$213.46
- - -
-58.6% vs current
Snapshot base estimate
Bull
-
- - -
- upside
-
Fair Value Range Current: $-
$- $- $-
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