SPOTIFY TECHNOLOGY SA (639.DE) Fundamental Analysis & Valuation

FRA:639 • LU1778762911

Current stock price

434 EUR
0 (0%)
Last:

This 639.DE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

6

1. 639.DE Profitability Analysis

1.1 Basic Checks

  • 639 had positive earnings in the past year.
  • In the past year 639 had a positive cash flow from operations.
  • The reported net income has been mixed in the past 5 years: 639 reported negative net income in multiple years.
  • In the past 5 years 639 always reported a positive cash flow from operatings.
639.DE Yearly Net Income VS EBIT VS OCF VS FCF639.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B -1B 2B

1.2 Ratios

  • With an excellent Return On Assets value of 14.73%, 639 belongs to the best of the industry, outperforming 95.45% of the companies in the same industry.
  • 639's Return On Equity of 26.56% is amongst the best of the industry. 639 outperforms 88.64% of its industry peers.
  • 639 has a better Return On Invested Capital (17.33%) than 88.64% of its industry peers.
Industry RankSector Rank
ROA 14.73%
ROE 26.56%
ROIC 17.33%
ROA(3y)5.95%
ROA(5y)2.35%
ROE(3y)8.69%
ROE(5y)1.31%
ROIC(3y)N/A
ROIC(5y)N/A
639.DE Yearly ROA, ROE, ROIC639.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200 -200 -400

1.3 Margins

  • 639 has a Profit Margin of 12.87%. This is amongst the best in the industry. 639 outperforms 86.36% of its industry peers.
  • The Operating Margin of 639 (12.79%) is better than 77.27% of its industry peers.
  • 639 has a Gross Margin of 31.98%. This is in the lower half of the industry: 639 underperforms 70.45% of its industry peers.
  • 639's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 12.79%
PM (TTM) 12.87%
GM 31.98%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y8.62%
GM growth 5Y4.57%
639.DE Yearly Profit, Operating, Gross Margins639.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20

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8

2. 639.DE Health Analysis

2.1 Basic Checks

  • 639 has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
  • The number of shares outstanding for 639 has been increased compared to 1 year ago.
  • Compared to 5 years ago, 639 has more shares outstanding
  • The debt/assets ratio for 639 has been reduced compared to a year ago.
639.DE Yearly Shares Outstanding639.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M
639.DE Yearly Total Debt VS Total Assets639.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B

2.2 Solvency

  • An Altman-Z score of 9.92 indicates that 639 is not in any danger for bankruptcy at the moment.
  • 639 has a Altman-Z score of 9.92. This is amongst the best in the industry. 639 outperforms 90.91% of its industry peers.
  • The Debt to FCF ratio of 639 is 0.68, which is an excellent value as it means it would take 639, only 0.68 years of fcf income to pay off all of its debts.
  • 639 has a better Debt to FCF ratio (0.68) than 90.91% of its industry peers.
  • A Debt/Equity ratio of 0.05 indicates that 639 is not too dependend on debt financing.
  • 639 has a better Debt to Equity ratio (0.05) than 88.64% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.05
Debt/FCF 0.68
Altman-Z 9.92
ROIC/WACC2.33
WACC7.43%
639.DE Yearly LT Debt VS Equity VS FCF639.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B 4B 6B 8B

2.3 Liquidity

  • 639 has a Current Ratio of 1.72. This is a normal value and indicates that 639 is financially healthy and should not expect problems in meeting its short term obligations.
  • 639 has a better Current ratio (1.72) than 86.36% of its industry peers.
  • 639 has a Quick Ratio of 1.72. This is a normal value and indicates that 639 is financially healthy and should not expect problems in meeting its short term obligations.
  • The Quick ratio of 639 (1.72) is better than 86.36% of its industry peers.
Industry RankSector Rank
Current Ratio 1.72
Quick Ratio 1.72
639.DE Yearly Current Assets VS Current Liabilites639.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B 10B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

6

3. 639.DE Growth Analysis

3.1 Past

  • 639 shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 51.72%, which is quite impressive.
  • Looking at the last year, 639 shows a quite strong growth in Revenue. The Revenue has grown by 9.65% in the last year.
  • Measured over the past years, 639 shows a quite strong growth in Revenue. The Revenue has been growing by 16.88% on average per year.
EPS 1Y (TTM)51.72%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%151.7%
Revenue 1Y (TTM)9.65%
Revenue growth 3Y13.59%
Revenue growth 5Y16.88%
Sales Q2Q%6.81%

3.2 Future

  • The Earnings Per Share is expected to grow by 22.44% on average over the next years. This is a very strong growth
  • 639 is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 12.44% yearly.
EPS Next Y58.87%
EPS Next 2Y40.88%
EPS Next 3Y33.02%
EPS Next 5Y22.44%
Revenue Next Year13.53%
Revenue Next 2Y13.45%
Revenue Next 3Y13.06%
Revenue Next 5Y12.44%

3.3 Evolution

  • Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
639.DE Yearly Revenue VS Estimates639.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 10B 20B 30B 40B
639.DE Yearly EPS VS Estimates639.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 0 10 20 30

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4

4. 639.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 51.91, which means the current valuation is very expensive for 639.
  • 61.36% of the companies in the same industry are more expensive than 639, based on the Price/Earnings ratio.
  • When comparing the Price/Earnings ratio of 639 to the average of the S&P500 Index (27.42), we can say 639 is valued expensively.
  • 639 is valuated quite expensively with a Price/Forward Earnings ratio of 32.68.
  • 639's Price/Forward Earnings is on the same level as the industry average.
  • When comparing the Price/Forward Earnings ratio of 639 to the average of the S&P500 Index (22.24), we can say 639 is valued slightly more expensively.
Industry RankSector Rank
PE 51.91
Fwd PE 32.68
639.DE Price Earnings VS Forward Price Earnings639.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, 639 is valued a bit more expensive than 61.36% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, 639 is valued a bit cheaper than the industry average as 61.36% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 31.11
EV/EBITDA 33.75
639.DE Per share data639.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60 80

4.3 Compensation for Growth

  • 639's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • The decent profitability rating of 639 may justify a higher PE ratio.
  • A more expensive valuation may be justified as 639's earnings are expected to grow with 33.02% in the coming years.
PEG (NY)0.88
PEG (5Y)N/A
EPS Next 2Y40.88%
EPS Next 3Y33.02%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. 639.DE Dividend Analysis

5.1 Amount

  • No dividends for 639!.
Industry RankSector Rank
Dividend Yield 0%

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Find the best dividend stocksShow peers with best dividend

639.DE Fundamentals: All Metrics, Ratios and Statistics

SPOTIFY TECHNOLOGY SA

FRA:639 (4/24/2026, 7:00:00 PM)

434

0 (0%)

Chartmill FA Rating
GICS IndustryGroupMedia & Entertainment
GICS IndustryEntertainment
Earnings (Last)02-10
Earnings (Next)04-28
Inst Owners68.84%
Inst Owner ChangeN/A
Ins Owners15.32%
Ins Owner ChangeN/A
Market Cap89.35B
Revenue(TTM)17.19B
Net Income(TTM)2.21B
Analysts82.13
Price Target556.07 (28.13%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)60.73%
Min EPS beat(2)58.63%
Max EPS beat(2)62.82%
EPS beat(4)2
Avg EPS beat(4)-13.13%
Min EPS beat(4)-121.7%
Max EPS beat(4)62.82%
EPS beat(8)4
Avg EPS beat(8)-1.71%
EPS beat(12)6
Avg EPS beat(12)27.76%
EPS beat(16)7
Avg EPS beat(16)29%
Revenue beat(2)0
Avg Revenue beat(2)-1.39%
Min Revenue beat(2)-1.78%
Max Revenue beat(2)-1%
Revenue beat(4)0
Avg Revenue beat(4)-2.16%
Min Revenue beat(4)-3.59%
Max Revenue beat(4)-1%
Revenue beat(8)0
Avg Revenue beat(8)-1.97%
Revenue beat(12)0
Avg Revenue beat(12)-2.18%
Revenue beat(16)0
Avg Revenue beat(16)-1.86%
PT rev (1m)-2.65%
PT rev (3m)-16.4%
EPS NQ rev (1m)0.57%
EPS NQ rev (3m)11.53%
EPS NY rev (1m)0.14%
EPS NY rev (3m)5.82%
Revenue NQ rev (1m)0.04%
Revenue NQ rev (3m)-1.3%
Revenue NY rev (1m)0.08%
Revenue NY rev (3m)-0.38%
Valuation
Industry RankSector Rank
PE 51.91
Fwd PE 32.68
P/S 5.2
P/FCF 31.11
P/OCF 30.46
P/B 10.73
P/tB 12.4
EV/EBITDA 33.75
EPS(TTM)8.36
EY1.93%
EPS(NY)13.28
Fwd EY3.06%
FCF(TTM)13.95
FCFY3.21%
OCF(TTM)14.25
OCFY3.28%
SpS83.48
BVpS40.46
TBVpS35
PEG (NY)0.88
PEG (5Y)N/A
Graham Number87.2336 (-79.9%)
Profitability
Industry RankSector Rank
ROA 14.73%
ROE 26.56%
ROCE 24.61%
ROIC 17.33%
ROICexc N/A
ROICexgc N/A
OM 12.79%
PM (TTM) 12.87%
GM 31.98%
FCFM 16.71%
ROA(3y)5.95%
ROA(5y)2.35%
ROE(3y)8.69%
ROE(5y)1.31%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y8.62%
GM growth 5Y4.57%
F-Score7
Asset Turnover1.14
Health
Industry RankSector Rank
Debt/Equity 0.05
Debt/FCF 0.68
Debt/EBITDA 0.19
Cap/Depr 59.8%
Cap/Sales 0.35%
Interest Coverage 61.06
Cash Conversion 127.52%
Profit Quality 129.84%
Current Ratio 1.72
Quick Ratio 1.72
Altman-Z 9.92
F-Score7
WACC7.43%
ROIC/WACC2.33
Cap/Depr(3y)25.88%
Cap/Depr(5y)31.84%
Cap/Sales(3y)0.17%
Cap/Sales(5y)0.32%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)51.72%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%151.7%
EPS Next Y58.87%
EPS Next 2Y40.88%
EPS Next 3Y33.02%
EPS Next 5Y22.44%
Revenue 1Y (TTM)9.65%
Revenue growth 3Y13.59%
Revenue growth 5Y16.88%
Sales Q2Q%6.81%
Revenue Next Year13.53%
Revenue Next 2Y13.45%
Revenue Next 3Y13.06%
Revenue Next 5Y12.44%
EBIT growth 1Y61.03%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year50.3%
EBIT Next 3Y32.38%
EBIT Next 5Y22.08%
FCF growth 1Y25.74%
FCF growth 3Y415.22%
FCF growth 5Y73.82%
OCF growth 1Y27.47%
OCF growth 3Y299.5%
OCF growth 5Y62.48%

SPOTIFY TECHNOLOGY SA / 639.DE Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for SPOTIFY TECHNOLOGY SA?

ChartMill assigns a fundamental rating of 6 / 10 to 639.DE.


Can you provide the valuation status for SPOTIFY TECHNOLOGY SA?

ChartMill assigns a valuation rating of 4 / 10 to SPOTIFY TECHNOLOGY SA (639.DE). This can be considered as Fairly Valued.


What is the profitability of 639 stock?

SPOTIFY TECHNOLOGY SA (639.DE) has a profitability rating of 6 / 10.


What is the valuation of SPOTIFY TECHNOLOGY SA based on its PE and PB ratios?

The Price/Earnings (PE) ratio for SPOTIFY TECHNOLOGY SA (639.DE) is 51.91 and the Price/Book (PB) ratio is 10.73.