Spotify Technology SA
NYSE:SPOT

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Spotify Technology SA
NYSE:SPOT
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Price: 453.22 USD -1.66%
Market Cap: 91B USD
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Relative Value

The Relative Value of one SPOT stock under the Base Case scenario is 172.55 USD. Compared to the current market price of 453.22 USD, Spotify Technology SA is Overvalued by 62%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

SPOT Relative Value
Base Case
172.55 USD
Overvaluation 62%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

5.8
P/S
P/S
Price to Sales
5.8
vs History
7
vs Industry
20
Median 3Y
2.5
Median 5Y
3.6
Industry
1.5
Forward
5.5
More Details
125
P/E
P/E
Price to Earnings
125
vs History
9
vs Industry
Median 3Y
-44.3
Median 5Y
-74.6
Industry
17.9
Forward
72.6
More Details
49.2
P/OCF
P/OCF
Price to OCF
49.2
vs History
82
vs Industry
5
Median 3Y
70.8
Median 5Y
96.2
Industry
11.5
More Details
52.5
P/FCFE
P/FCFE
Price to FCFE
52.5
vs History
57
vs Industry
6
Median 3Y
52.2
Median 5Y
66.7
Industry
15.7
More Details
19.3
P/B
P/B
Price to Book Value
19.3
vs History
7
vs Industry
3
Median 3Y
13.8
Median 5Y
13.8
Industry
1.7
More Details
5.6
EV/S
EV/S
Enterprise Value to Sales
5.6
vs History
11
vs Industry
20
Median 3Y
2.3
Median 5Y
3.5
Industry
1.6
Forward
5.2
More Details
19.6
EV/GP
EV/GP
Enterprise Value to Gross Profit
19.6
vs History
17
vs Industry
12
Median 3Y
9.1
Median 5Y
13.6
Industry
3.3
More Details
89.1
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
89.1
vs History
49
vs Industry
0
Median 3Y
90
Median 5Y
90
Industry
8.7
Forward
55.1
More Details
102.8
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
102.8
vs History
23
vs Industry
Median 3Y
-29.6
Median 5Y
-48.1
Industry
12.2
Forward
60.5
More Details
46.8
EV/OCF
EV/OCF
Enterprise Value to OCF
46.8
vs History
80
vs Industry
6
Median 3Y
64.1
Median 5Y
91.4
Industry
10.6
More Details
47.1
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
47.1
vs History
88
vs Industry
7
Median 3Y
75.4
Median 5Y
121.2
Industry
13.4
More Details
22.7
EV/IC
EV/IC
Enterprise Value to IC
22.7
vs History
1
vs Industry
4
Median 3Y
8.3
Median 5Y
9
Industry
1.4
More Details

Multiples Across Competitors

SPOT Competitors Multiples
Spotify Technology SA Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
LU
Spotify Technology SA
NYSE:SPOT
91.7B USD 5.8 125 89.1 102.8
US
Netflix Inc
NASDAQ:NFLX
385.3B USD 10.3 49.5 15.7 40.5
US
Walt Disney Co
NYSE:DIS
204.7B USD 2.2 41.2 14.1 20
NL
Universal Music Group NV
AEX:UMG
44.8B EUR 3.9 28.9 29.5 29.5
US
Live Nation Entertainment Inc
NYSE:LYV
30.4B USD 1.3 131.5 17 24.3
US
Warner Bros Discovery Inc
NASDAQ:WBD
25.7B USD 0.6 -2.3 2.8 -157.5
US
TKO Group Holdings Inc
NYSE:TKO
24.2B USD 18.1 143.1 69.5 92
CN
Tencent Music Entertainment Group
NYSE:TME
20B USD 5.2 24 21.4 21.4
FR
Bollore SE
PAR:BOL
16.4B EUR 0.9 4.2 7.7 24.6
US
Warner Music Group Corp
NASDAQ:WMG
16.1B USD 2.5 37.4 15 20
US
Endeavor Group Holdings Inc
NYSE:EDR
14.6B USD 1.6 -19.9 46.9 -76.1
P/E Multiple
Earnings Growth P/E to Growth
LU
Spotify Technology SA
NYSE:SPOT
Average P/E: 65
125
N/A N/A
US
Netflix Inc
NASDAQ:NFLX
49.5
129%
0.4
US
Walt Disney Co
NYSE:DIS
41.2
378%
0.1
NL
Universal Music Group NV
AEX:UMG
28.9
70%
0.4
US
Live Nation Entertainment Inc
NYSE:LYV
131.5
132%
1
US
Warner Bros Discovery Inc
NASDAQ:WBD
Negative Multiple: -2.3 N/A N/A
US
TKO Group Holdings Inc
NYSE:TKO
143.1
185%
0.8
CN
Tencent Music Entertainment Group
NYSE:TME
24
116%
0.2
FR
Bollore SE
PAR:BOL
4.2
107%
0
US
Warner Music Group Corp
NASDAQ:WMG
37.4
116%
0.3
US
Endeavor Group Holdings Inc
NYSE:EDR
Negative Multiple: -19.9
288%
N/A
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
LU
Spotify Technology SA
NYSE:SPOT
Average EV/EBIT: 41.7
102.8
N/A N/A
US
Netflix Inc
NASDAQ:NFLX
40.5
114%
0.4
US
Walt Disney Co
NYSE:DIS
20
101%
0.2
NL
Universal Music Group NV
AEX:UMG
29.5
86%
0.3
US
Live Nation Entertainment Inc
NYSE:LYV
24.3
60%
0.4
US
Warner Bros Discovery Inc
NASDAQ:WBD
Negative Multiple: -157.5 N/A N/A
US
TKO Group Holdings Inc
NYSE:TKO
92
220%
0.4
CN
Tencent Music Entertainment Group
NYSE:TME
21.4
129%
0.2
FR
Bollore SE
PAR:BOL
24.6
200%
0.1
US
Warner Music Group Corp
NASDAQ:WMG
20
47%
0.4
US
Endeavor Group Holdings Inc
NYSE:EDR
Negative Multiple: -76.1
397%
N/A

See Also

Summary
SPOT intrinsic value, competitors valuation, and company profile.
DCF Valuation
SPOT stock valuation using Discount Cash Flow valuation method.
Relative Valuation
SPOT stock valuation using valuation multiples.
Wall Street Estimates
SPOT price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
SPOT stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
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