SPOT (Spotify Technology S.A.) Growth Projections

Spotify Technology S.A.

SPOT

512.92 (-0.37%) 1.92

Market cap

$105.45(B)

Earnings date

Oct-22-2026

Sector

Communication Services

Industry

Entertainment

Spotify Technology S.A. together with its subsidiaries provides audio streaming subscription services worldwide. It operates in two segments Premium and Ad-Supported. The Premium segment offers online and offline streaming access to its catalog of music and podcasts including video lossless music and audiobooks in select markets through subscription offerings primarily sold directly to end users and partners. The Ad-Supported segment provides limited on-demand online access to its catalog of music and online and offline access to its catalog of podcasts on computers tablets mobile devices and other smart devices. The company also offers sales distribution and marketing contract research and development and customer and other support services. Spotify Technology S.A. was incorporated in 2006 and is headquartered in Stockholm Sweden.

EV: $99.78(B)

Total Equity: $9.58(B)

Debt/Equity: 0.06

Dividend/share: $0.0

Div. yield: 0.00%

P/E: 27.68

Forward P/E: 36.74

P/FCF: 28.26

P/S: 5.10

P/B: 11.01

EPS: $18.5

EPS (fwd): $14.0

FCF/share: $18.1

Revenue/share: $100.5

Book value/share: $46.6

ROIC: 16.8%

ROA: 10.9%

ROE: 22.2%

Margins: Gross | Op. | Net

32.8% | 11.7% | 18.4%

0.0%of Portfolio

My holdings

Day change

Total change

Overview Valuation Growth Financials & KPIs Competitors & Peer Comparison Ownership Tools All

	Low	Avg	High	#
FY+1	13.0	14.0	15.7	27
FY+2	15.7	17.5	20.2	27
FY+3	19.4	22.4	25.0	16
FY+4	22.7	24.4	25.6	3
FY+5	29.9	29.9	29.9	1

Growth Estimates

Revenue

CAGR11.1%

TTM

$20.68(B)

FY+1

$22.23(B)

FY+2

14%

$25.44(B)

FY+3

14%

$28.96(B)

FY+4

11%

$32.05(B)

FY+5

$34.96(B)

Net Income

CAGR10.2%

TTM

$3.81(B)

FY+1

23%

$2.94(B)

FY+2

26%

$3.71(B)

FY+3

25%

$4.64(B)

FY+4

$4.95(B)

FY+5

25%

$6.19(B)

EPS

CAGR10.1%

TTM

$18.53

FY+1

25%

$13.96

FY+2

26%

$17.54

FY+3

28%

$22.43

FY+4

$24.38

FY+5

23%

$29.93

FCF per share

CAGR9.9%

TTM

$18.15

FY+1

$18.60

FY+2

22%

$22.68

FY+3

12%

$25.50

FY+4

$27.71

FY+5

$29.09

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First Stage Duration: 5 Years

Starting Free Cash Flow
First Stage Growth Rate
Low Mid High
Terminal Growth Rate
Low Mid High
Discount Rate

Forecast years: 5 Years

Terminal Growth Rate
Low Mid High
Discount Rate

Forecast years: 5 Years

Exit FCF Multiple
Low Mid High
Discount Rate

Annual Dividend
First Stage Length (Years): 0 Years

First Stage Growth Rate
Low Mid High
Final Growth Rate
Low Mid High
Discount Rate

Forecast years: 5 Years

Starting EPS
EPS Growth Rate
Low Mid High
Final P/E
Low Mid High
Discount Rate

Market cap

Earnings date

Category

Sector

Industry

PEvaluation

Fair P/E

Margin of safety

EPS

Market Model

Economic moat: None/narrow

EPS Estimates

Analyst Price Targets

Analyst Recommendations

2-stage DCF

Discounted Cash Flow

Free cash flow estimates:

Discounted Cash Flow (exit mult.)

Free cash flow estimates:

Dividend Discount Model

EPS Growth

Revenue Growth Valuation

Peter Lynch Fair Value

Graham Formula

Growth Estimates

Revenue

Net Income

EPS

FCF per share

Forecast Years: 10 Years

Base Revenue
Revenue Growth Rate
Low Mid High
Final Net Margin
Low Mid High
Final P/E Ratio
Low Mid High
Discount Rate

Earnings Per Share
EPS Growth (7-10 years)
Low Mid High
Government Bond Rate