SPOTIFY TECHNOLOGY SA (1SPOT.MI) Stock Fundamental Analysis

BIT:1SPOT • LU1778762911

384.85 EUR
-20.15 (-4.98%)
Last: Feb 16, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

6

Taking everything into account, 1SPOT scores 6 out of 10 in our fundamental rating. 1SPOT was compared to 49 industry peers in the Entertainment industry. While 1SPOT has a great health rating, its profitability is only average at the moment. 1SPOT has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • In the past year 1SPOT was profitable.
  • In the past year 1SPOT had a positive cash flow from operations.
  • The reported net income has been mixed in the past 5 years: 1SPOT reported negative net income in multiple years.
  • Each year in the past 5 years 1SPOT had a positive operating cash flow.
1SPOT.MI Yearly Net Income VS EBIT VS OCF VS FCF1SPOT.MI 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%, 1SPOT belongs to the best of the industry, outperforming 95.92% of the companies in the same industry.
  • 1SPOT has a Return On Equity of 26.56%. This is amongst the best in the industry. 1SPOT outperforms 83.67% of its industry peers.
  • 1SPOT has a Return On Invested Capital of 18.46%. This is amongst the best in the industry. 1SPOT outperforms 93.88% of its industry peers.
Industry RankSector Rank
ROA 14.73%
ROE 26.56%
ROIC 18.46%
ROA(3y)5.95%
ROA(5y)2.35%
ROE(3y)8.69%
ROE(5y)1.31%
ROIC(3y)N/A
ROIC(5y)N/A
1SPOT.MI Yearly ROA, ROE, ROIC1SPOT.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200 -200 -400

1.3 Margins

  • 1SPOT's Profit Margin of 12.87% is amongst the best of the industry. 1SPOT outperforms 85.71% of its industry peers.
  • 1SPOT's Operating Margin of 12.79% is fine compared to the rest of the industry. 1SPOT outperforms 77.55% of its industry peers.
  • 1SPOT's Gross Margin of 31.98% is on the low side compared to the rest of the industry. 1SPOT is outperformed by 69.39% of its industry peers.
  • 1SPOT'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%
1SPOT.MI Yearly Profit, Operating, Gross Margins1SPOT.MI 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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ROAROEROICOperating and Profit MarginShow most profitable peers

8

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so 1SPOT is creating value.
  • 1SPOT has more shares outstanding than it did 1 year ago.
  • 1SPOT has more shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, 1SPOT has an improved debt to assets ratio.
1SPOT.MI Yearly Shares Outstanding1SPOT.MI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M
1SPOT.MI Yearly Total Debt VS Total Assets1SPOT.MI 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 9.39 indicates that 1SPOT is not in any danger for bankruptcy at the moment.
  • 1SPOT's Altman-Z score of 9.39 is amongst the best of the industry. 1SPOT outperforms 93.88% of its industry peers.
  • 1SPOT has a debt to FCF ratio of 0.68. This is a very positive value and a sign of high solvency as it would only need 0.68 years to pay back of all of its debts.
  • 1SPOT has a better Debt to FCF ratio (0.68) than 91.84% of its industry peers.
  • A Debt/Equity ratio of 0.05 indicates that 1SPOT is not too dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.05, 1SPOT belongs to the top of the industry, outperforming 87.76% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.05
Debt/FCF 0.68
Altman-Z 9.39
ROIC/WACC2.43
WACC7.59%
1SPOT.MI Yearly LT Debt VS Equity VS FCF1SPOT.MI 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

  • A Current Ratio of 1.72 indicates that 1SPOT should not have too much problems paying its short term obligations.
  • 1SPOT has a Current ratio of 1.72. This is amongst the best in the industry. 1SPOT outperforms 87.76% of its industry peers.
  • A Quick Ratio of 1.72 indicates that 1SPOT should not have too much problems paying its short term obligations.
  • With an excellent Quick ratio value of 1.72, 1SPOT belongs to the best of the industry, outperforming 87.76% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.72
Quick Ratio 1.72
1SPOT.MI Yearly Current Assets VS Current Liabilites1SPOT.MI 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. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 49.96% over the past year.
  • 1SPOT shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 9.65%.
  • The Revenue has been growing by 16.88% on average over the past years. This is quite good.
EPS 1Y (TTM)49.96%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%146.18%
Revenue 1Y (TTM)9.65%
Revenue growth 3Y13.59%
Revenue growth 5Y16.88%
Sales Q2Q%4.41%

3.2 Future

  • The Earnings Per Share is expected to grow by 22.33% on average over the next years. This is a very strong growth
  • Based on estimates for the next years, 1SPOT will show a quite strong growth in Revenue. The Revenue will grow by 12.38% on average per year.
EPS Next Y49.86%
EPS Next 2Y37.85%
EPS Next 3Y30.4%
EPS Next 5Y22.33%
Revenue Next Year14.29%
Revenue Next 2Y14.16%
Revenue Next 3Y13.5%
Revenue Next 5Y12.38%

3.3 Evolution

  • The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
1SPOT.MI Yearly Revenue VS Estimates1SPOT.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 10B 20B 30B 40B
1SPOT.MI Yearly EPS VS Estimates1SPOT.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 0 10 20 30

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Find the best growth stocksShow best growing peers

4

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 46.59, which means the current valuation is very expensive for 1SPOT.
  • Compared to the rest of the industry, the Price/Earnings ratio of 1SPOT indicates a somewhat cheap valuation: 1SPOT is cheaper than 67.35% of the companies listed in the same industry.
  • When comparing the Price/Earnings ratio of 1SPOT to the average of the S&P500 Index (27.16), we can say 1SPOT is valued expensively.
  • The Price/Forward Earnings ratio is 31.08, which means the current valuation is very expensive for 1SPOT.
  • 1SPOT's Price/Forward Earnings ratio is in line with the industry average.
  • 1SPOT is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 28.10, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 46.59
Fwd PE 31.08
1SPOT.MI Price Earnings VS Forward Price Earnings1SPOT.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

  • 1SPOT's Enterprise Value to EBITDA ratio is in line with the industry average.
  • The rest of the industry has a similar Price/Free Cash Flow ratio as 1SPOT.
Industry RankSector Rank
P/FCF 27.59
EV/EBITDA 31.16
1SPOT.MI Per share data1SPOT.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60 80

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • 1SPOT has a very decent profitability rating, which may justify a higher PE ratio.
  • A more expensive valuation may be justified as 1SPOT's earnings are expected to grow with 30.40% in the coming years.
PEG (NY)0.93
PEG (5Y)N/A
EPS Next 2Y37.85%
EPS Next 3Y30.4%

More info and screens

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

0

5. Dividend

5.1 Amount

  • No dividends for 1SPOT!.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

SPOTIFY TECHNOLOGY SA

BIT:1SPOT (2/16/2026, 7:00:00 PM)

384.85

-20.15 (-4.98%)

Chartmill FA Rating
GICS IndustryGroupMedia & Entertainment
GICS IndustryEntertainment
Earnings (Last)02-10
Earnings (Next)04-21
Inst Owners67.66%
Inst Owner ChangeN/A
Ins Owners16.11%
Ins Owner ChangeN/A
Market Cap79.24B
Revenue(TTM)17.19B
Net Income(TTM)2.21B
Analysts80.85
Price Target607.12 (57.75%)
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)58.99%
Min EPS beat(2)55.15%
Max EPS beat(2)62.82%
EPS beat(4)2
Avg EPS beat(4)-14%
Min EPS beat(4)-121.7%
Max EPS beat(4)62.82%
EPS beat(8)4
Avg EPS beat(8)-2.15%
EPS beat(12)6
Avg EPS beat(12)27.47%
EPS beat(16)7
Avg EPS beat(16)28.79%
Revenue beat(2)0
Avg Revenue beat(2)-2.49%
Min Revenue beat(2)-3.99%
Max Revenue beat(2)-1%
Revenue beat(4)0
Avg Revenue beat(4)-2.71%
Min Revenue beat(4)-3.99%
Max Revenue beat(4)-1%
Revenue beat(8)0
Avg Revenue beat(8)-2.25%
Revenue beat(12)0
Avg Revenue beat(12)-2.36%
Revenue beat(16)0
Avg Revenue beat(16)-1.99%
PT rev (1m)-5.86%
PT rev (3m)-8.23%
EPS NQ rev (1m)0%
EPS NQ rev (3m)8.41%
EPS NY rev (1m)-0.89%
EPS NY rev (3m)5.51%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.44%
Revenue NY rev (1m)0.3%
Revenue NY rev (3m)-1.56%
Valuation
Industry RankSector Rank
PE 46.59
Fwd PE 31.08
P/S 4.61
P/FCF 27.59
P/OCF 27.02
P/B 9.51
P/tB 11
EV/EBITDA 31.16
EPS(TTM)8.26
EY2.15%
EPS(NY)12.38
Fwd EY3.22%
FCF(TTM)13.95
FCFY3.62%
OCF(TTM)14.25
OCFY3.7%
SpS83.47
BVpS40.45
TBVpS34.99
PEG (NY)0.93
PEG (5Y)N/A
Graham Number86.71
Profitability
Industry RankSector Rank
ROA 14.73%
ROE 26.56%
ROCE 24.61%
ROIC 18.46%
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 9.39
F-Score7
WACC7.59%
ROIC/WACC2.43
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)49.96%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%146.18%
EPS Next Y49.86%
EPS Next 2Y37.85%
EPS Next 3Y30.4%
EPS Next 5Y22.33%
Revenue 1Y (TTM)9.65%
Revenue growth 3Y13.59%
Revenue growth 5Y16.88%
Sales Q2Q%4.41%
Revenue Next Year14.29%
Revenue Next 2Y14.16%
Revenue Next 3Y13.5%
Revenue Next 5Y12.38%
EBIT growth 1Y61.03%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year48.62%
EBIT Next 3Y28.05%
EBIT Next 5Y20.93%
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 / 1SPOT.MI FAQ

What is the fundamental rating for 1SPOT stock?

ChartMill assigns a fundamental rating of 6 / 10 to 1SPOT.MI.


What is the valuation status for 1SPOT stock?

ChartMill assigns a valuation rating of 4 / 10 to SPOTIFY TECHNOLOGY SA (1SPOT.MI). This can be considered as Fairly Valued.


What is the profitability of 1SPOT stock?

SPOTIFY TECHNOLOGY SA (1SPOT.MI) 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 (1SPOT.MI) is 46.59 and the Price/Book (PB) ratio is 9.51.


What is the expected EPS growth for SPOTIFY TECHNOLOGY SA (1SPOT.MI) stock?

The Earnings per Share (EPS) of SPOTIFY TECHNOLOGY SA (1SPOT.MI) is expected to grow by 49.86% in the next year.