Morningstar

Spotify Technology SA SPOT

Morningstar Rating
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Stock XNYS Rating as of
$503.13 +6.18 (1.24%)
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As of Delayed Price Post-Trading: $503.14 0.00

Company Report

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Price vs Fair Value

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SPOT is trading within a range we consider fairly valued.
Price
$496.95
Fair Value
$916.00
Uncertainty
High
1-Star Price
$863.00
5-Star Price
$821.00
Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

Spotify has significant room to continue raising prices after historically not doing so. The value is higher and the price is lower for a Spotify subscription than nearly all video streaming services.

Bears

The rise of AI music creation may democratize access to music and reduce reliance on licensing deals with record labels, allowing native AI platforms to take share from traditional music platforms.

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News

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Trading Information

Previous Close Price
$496.95
Day Range
$493.75–515.20
52-Week Range
$405.00–785.00
Bid/Ask
$502.21 / $503.80
Shares Outstanding
205.62M
Market Cap
$103.45B
Volume/Avg
2M / 2M

Key Statistics

Price/Earnings (Normalized)
39.79
Price/Sales
5.14
Dividend Yield (Trailing)
0.00%
Dividend Yield (Forward)
0.00%
Total Yield
0.48%

Company Profile

Spotify is the leading global music streaming service, with over 750 million monthly active users and nearly 300 million paying subscribers, with the latter constituting the firm’s premium segment. Most of the firm’s revenue and nearly all its gross profit come from subscribers, who pay a monthly fee to access a music library that includes most of the most popular songs ever recorded, including all from the major record labels. The firm also offers access to audiobooks and integrates podcasts within its standard music app. Podcast content is not exclusive and is typically free to access on other platforms. Ad-supported users can access a similar music catalog, but cannot customize a similar on-demand experience.
Sector
Communication Services
Industry
Internet Content & Information
Stock Style Box
Large Core
Total Number of Employees
7,287
Website
https://www.spotify.com

Competitors

Valuation

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Metric
SPOT
TME
AAPL
Price/Earnings (Normalized)
 39.7910.8937.16
Price/Book Value
 11.141.2942.33
Price/Sales
 5.143.0010.10
Price/Cash Flow
 31.3610.0030.59
Price/Earnings
SPOT
TME
AAPL

Financial Strength

Metric
SPOT
TME
AAPL
Quick Ratio
 2.031.840.91
Current Ratio
 2.062.091.07
Interest Coverage
 87.7071.17—
Quick Ratio
SPOT
TME
AAPL

Profitability

Metric
SPOT
TME
AAPL
Return on Assets (Normalized)
 19.84%9.56%37.73%
Return on Equity (Normalized)
 36.99%12.32%166.76%
Return on Invested Capital (Normalized)
 27.56%10.54%76.45%
Return on Assets
SPOT
TME
AAPL

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