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Spotify Technology SA SPOT

Morningstar Rating
€5,808.59 −91.41 (1.55%)
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About Quantitative Ratings

Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies with quantitative ratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating.

Price vs Fair Value

SPOT is trading at a 24% premium.
Price
MXN 5,895.06
Fair Value
MXN 4,497.37
Uncertainty
High
1-Star Price
MXN 7,388.89
5-Star Price
MXN 8,436.16
Economic Moat
Hqdlb
Capital Allocation
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News

Trading Information

Previous Close Price
€5,900.00
Day Range
€5,808.595,808.59
52-Week Range
€2,300.005,958.98
Bid/Ask
€5,578.12 / €5,900.00
Market Cap
€1.16 Tril
Volume/Avg
9 / 178

Key Statistics

Price/Earnings (Normalized)
249.40
Price/Sales
4.40
Dividend Yield (Trailing)
Dividend Yield (Forward)
Total Yield

Company Profile

Spotify, headquartered in Stockholm, Sweden, is one of the world’s largest music streaming service providers, with 602 million monthly active users at the end of 2023. The firm monetizes its users through a paid subscription model, referred to as its premium service, and an ad-based model, referred to as its ad-supported service. Revenue from premium and ad-supported services represented 86% and 14% of Spotify’s 2023 total revenue, respectively.
Sector
Communication Services
Industry
Internet Content & Information
Stock Style Box
Large Growth
Total Number of Employees
9,123

Comparables

Valuation

Metric
SPOT
TRUE B
SBO
Price/Earnings (Normalized)
249.4021.159.64
Price/Book Value
19.466.631.47
Price/Sales
4.406.981.10
Price/Cash Flow
117.1223.2824.92
Price/Earnings
SPOT
TRUE B
SBO

Financial Strength

Metric
SPOT
TRUE B
SBO
Quick Ratio
1.388.610.32
Current Ratio
1.428.613.40
Interest Coverage
−4.7532.65
Quick Ratio
SPOT
TRUE B
SBO

Profitability

Metric
SPOT
TRUE B
SBO
Return on Assets (Normalized)
4.57%25.65%4.51%
Return on Equity (Normalized)
14.73%31.27%10.26%
Return on Invested Capital (Normalized)
6.53%27.33%5.71%
Return on Assets
SPOT
TRUE B
SBO
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Economic Moat
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Spotify Technology SA
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FlvmnhzswJjmd$61.5 Bil
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