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

Europe • Euronext Milan • BIT:1SPOT • LU1778762911

405 EUR
-26.25 (-6.09%)
Last: Feb 3, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

6

1SPOT gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 48 industry peers in the Entertainment industry. 1SPOT has an excellent financial health rating, but there are some minor concerns on its profitability. 1SPOT is valied quite expensively at the moment, while it does show a decent growth rate.


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.
  • 1SPOT had negative earnings in 4 of the past 5 years.
  • In the past 5 years 1SPOT always reported a positive cash flow from operatings.
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 0 1B -1B 2B

1.2 Ratios

  • The Return On Assets of 1SPOT (9.56%) is better than 91.67% of its industry peers.
  • 1SPOT's Return On Equity of 18.06% is amongst the best of the industry. 1SPOT outperforms 81.25% of its industry peers.
  • 1SPOT has a Return On Invested Capital of 19.82%. This is amongst the best in the industry. 1SPOT outperforms 93.75% of its industry peers.
Industry RankSector Rank
ROA 9.56%
ROE 18.06%
ROIC 19.82%
ROA(3y)-0.84%
ROA(5y)-2.44%
ROE(3y)-6.13%
ROE(5y)-8.14%
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 0 200 -200 -400

1.3 Margins

  • With a decent Profit Margin value of 8.32%, 1SPOT is doing good in the industry, outperforming 79.17% of the companies in the same industry.
  • 1SPOT has a Operating Margin of 11.68%. This is in the better half of the industry: 1SPOT outperforms 79.17% of its industry peers.
  • In the last couple of years the Operating Margin of 1SPOT has grown nicely.
  • Looking at the Gross Margin, with a value of 31.75%, 1SPOT is doing worse than 70.83% of the companies in the same industry.
  • In the last couple of years the Gross Margin of 1SPOT has grown nicely.
Industry RankSector Rank
OM 11.68%
PM (TTM) 8.32%
GM 31.75%
OM growth 3Y107.65%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y4.12%
GM growth 5Y3.51%
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 0 20 -20

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

8

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), 1SPOT is creating value.
  • Compared to 1 year ago, 1SPOT has more shares outstanding
  • The number of shares outstanding for 1SPOT has been increased compared to 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 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 2B 4B 6B 8B 10B

2.2 Solvency

  • An Altman-Z score of 9.30 indicates that 1SPOT is not in any danger for bankruptcy at the moment.
  • 1SPOT has a better Altman-Z score (9.30) than 91.67% of its industry peers.
  • 1SPOT has a debt to FCF ratio of 0.75. This is a very positive value and a sign of high solvency as it would only need 0.75 years to pay back of all of its debts.
  • 1SPOT's Debt to FCF ratio of 0.75 is amongst the best of the industry. 1SPOT outperforms 89.58% of its industry peers.
  • A Debt/Equity ratio of 0.06 indicates that 1SPOT is not too dependend on debt financing.
  • With an excellent Debt to Equity ratio value of 0.06, 1SPOT belongs to the best of the industry, outperforming 85.42% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.06
Debt/FCF 0.75
Altman-Z 9.3
ROIC/WACC2.61
WACC7.61%
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 0 1B 2B 3B 4B 5B

2.3 Liquidity

  • A Current Ratio of 1.61 indicates that 1SPOT should not have too much problems paying its short term obligations.
  • 1SPOT's Current ratio of 1.61 is amongst the best of the industry. 1SPOT outperforms 85.42% of its industry peers.
  • 1SPOT has a Quick Ratio of 1.61. This is a normal value and indicates that 1SPOT is financially healthy and should not expect problems in meeting its short term obligations.
  • Looking at the Quick ratio, with a value of 1.61, 1SPOT belongs to the top of the industry, outperforming 85.42% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.61
Quick Ratio 1.61
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 2B 4B 6B 8B

More info and screens

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 38.11% over the past year.
  • The Revenue has grown by 11.89% in the past year. This is quite good.
  • The Revenue has been growing by 18.30% on average over the past years. This is quite good.
EPS 1Y (TTM)38.11%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%126.21%
Revenue 1Y (TTM)11.89%
Revenue growth 3Y17.47%
Revenue growth 5Y18.3%
Sales Q2Q%7.12%

3.2 Future

  • The Earnings Per Share is expected to grow by 29.34% on average over the next years. This is a very strong growth
  • 1SPOT is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 12.46% yearly.
EPS Next Y33.72%
EPS Next 2Y49.91%
EPS Next 3Y41.78%
EPS Next 5Y29.34%
Revenue Next Year9.51%
Revenue Next 2Y11.88%
Revenue Next 3Y12.59%
Revenue Next 5Y12.46%

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.
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

More info and screens

Find the best growth stocksShow best growing peers

3

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 71.18 indicates a quite expensive valuation of 1SPOT.
  • 68.75% of the companies in the same industry are more expensive than 1SPOT, based on the Price/Earnings ratio.
  • 1SPOT is valuated expensively when we compare the Price/Earnings ratio to 28.23, which is the current average of the S&P500 Index.
  • A Price/Forward Earnings ratio of 32.71 indicates a quite expensive valuation of 1SPOT.
  • 1SPOT's Price/Forward Earnings is on the same level as the industry average.
  • The average S&P500 Price/Forward Earnings ratio is at 28.01. 1SPOT is around the same levels.
Industry RankSector Rank
PE 71.18
Fwd PE 32.71
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 28.61
EV/EBITDA 35.03
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 high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive 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 41.78% in the coming years.
PEG (NY)2.11
PEG (5Y)N/A
EPS Next 2Y49.91%
EPS Next 3Y41.78%

More info and screens

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

0

5. Dividend

5.1 Amount

  • 1SPOT does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

SPOTIFY TECHNOLOGY SA

BIT:1SPOT (2/3/2026, 7:00:00 PM)

405

-26.25 (-6.09%)

Chartmill FA Rating
GICS IndustryGroupMedia & Entertainment
GICS IndustryEntertainment
Earnings (Last)11-04
Earnings (Next)02-10
Inst Owners67.66%
Inst Owner ChangeN/A
Ins Owners16.11%
Ins Owner ChangeN/A
Market Cap83.39B
Revenue(TTM)16.90B
Net Income(TTM)1.41B
Analysts80
Price Target607.12 (49.91%)
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)1
Avg EPS beat(2)-29.44%
Min EPS beat(2)-121.7%
Max EPS beat(2)62.82%
EPS beat(4)1
Avg EPS beat(4)-31.07%
Min EPS beat(4)-121.7%
Max EPS beat(4)62.82%
EPS beat(8)4
Avg EPS beat(8)25.11%
EPS beat(12)5
Avg EPS beat(12)22.23%
EPS beat(16)7
Avg EPS beat(16)28.56%
Revenue beat(2)0
Avg Revenue beat(2)-2.29%
Min Revenue beat(2)-3.59%
Max Revenue beat(2)-1%
Revenue beat(4)0
Avg Revenue beat(4)-1.9%
Min Revenue beat(4)-3.59%
Max Revenue beat(4)-0.75%
Revenue beat(8)0
Avg Revenue beat(8)-2.15%
Revenue beat(12)0
Avg Revenue beat(12)-2.17%
Revenue beat(16)0
Avg Revenue beat(16)-1.78%
PT rev (1m)-5.86%
PT rev (3m)-6.7%
EPS NQ rev (1m)1.91%
EPS NQ rev (3m)12.2%
EPS NY rev (1m)-0.01%
EPS NY rev (3m)28.76%
Revenue NQ rev (1m)-0.02%
Revenue NQ rev (3m)-1.26%
Revenue NY rev (1m)-0.01%
Revenue NY rev (3m)-0.36%
Valuation
Industry RankSector Rank
PE 71.18
Fwd PE 32.71
P/S 4.93
P/FCF 28.61
P/OCF 28.17
P/B 10.72
P/tB 12.51
EV/EBITDA 35.03
EPS(TTM)5.69
EY1.4%
EPS(NY)12.38
Fwd EY3.06%
FCF(TTM)14.16
FCFY3.5%
OCF(TTM)14.38
OCFY3.55%
SpS82.07
BVpS37.78
TBVpS32.39
PEG (NY)2.11
PEG (5Y)N/A
Graham Number69.55
Profitability
Industry RankSector Rank
ROA 9.56%
ROE 18.06%
ROCE 23.36%
ROIC 19.82%
ROICexc N/A
ROICexgc N/A
OM 11.68%
PM (TTM) 8.32%
GM 31.75%
FCFM 17.25%
ROA(3y)-0.84%
ROA(5y)-2.44%
ROE(3y)-6.13%
ROE(5y)-8.14%
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 3Y291.99%
ROICexc growth 5YN/A
OM growth 3Y107.65%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y4.12%
GM growth 5Y3.51%
F-Score6
Asset Turnover1.15
Health
Industry RankSector Rank
Debt/Equity 0.06
Debt/FCF 0.75
Debt/EBITDA 0.21
Cap/Depr 42.06%
Cap/Sales 0.27%
Interest Coverage 50.62
Cash Conversion 142.24%
Profit Quality 207.47%
Current Ratio 1.61
Quick Ratio 1.61
Altman-Z 9.3
F-Score6
WACC7.61%
ROIC/WACC2.61
Cap/Depr(3y)10.82%
Cap/Depr(5y)33.93%
Cap/Sales(3y)0.12%
Cap/Sales(5y)0.45%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)38.11%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%126.21%
EPS Next Y33.72%
EPS Next 2Y49.91%
EPS Next 3Y41.78%
EPS Next 5Y29.34%
Revenue 1Y (TTM)11.89%
Revenue growth 3Y17.47%
Revenue growth 5Y18.3%
Sales Q2Q%7.12%
Revenue Next Year9.51%
Revenue Next 2Y11.88%
Revenue Next 3Y12.59%
Revenue Next 5Y12.46%
EBIT growth 1Y99.6%
EBIT growth 3Y143.94%
EBIT growth 5YN/A
EBIT Next Year71.22%
EBIT Next 3Y44.05%
EBIT Next 5Y29.65%
FCF growth 1Y1335.96%
FCF growth 3Y102.27%
FCF growth 5Y39.14%
OCF growth 1Y1289.67%
OCF growth 3Y85.41%
OCF growth 5Y32.05%

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 3 / 10 to SPOTIFY TECHNOLOGY SA (1SPOT.MI). This can be considered as Overvalued.


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 71.18 and the Price/Book (PB) ratio is 10.72.


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 33.72% in the next year.