Last Price$604.70.8%
Market Cap$125.1B
LTM NOPAT
€1,158.4M
NOPAT margin
7.4%
5Y avg: (1.5%)
EPV as % of EV
12.1%
Market-Implied Value of Growth,
MIVoG as % of EV
87.9%
Discount rate
11.2%
Stock quality
8/10
Great
SPOT Earnings Power Value Model
| (EUR M) | Mar'20 | Jun'20 | Sep'20 | Dec'20 | Mar'21 | Jun'21 | Sep'21 | Dec'21 | Mar'22 | Jun'22 | Sep'22 | Dec'22 | Mar'23 | Jun'23 | Sep'23 | Dec'23 | Mar'24 | Jun'24 | Sep'24 | Dec'24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
LTM Revenue % growth | 7,101.0 26.1% | 7,323.0 21.5% | 7,567.0 18.2% | 7,880.0 16.5% | 8,179.0 15.2% | 8,621.0 17.7% | 9,147.0 20.9% | 9,668.0 22.7% | 10,182.0 24.5% | 10,715.0 24.3% | 11,250.0 23.0% | 11,727.0 21.3% | 12,108.0 18.9% | 12,710.8 18.6% | 13,031.8 15.8% | 13,536.8 15.4% | 14,130.8 16.7% | 14,471.0 13.8% | 15,102.0 15.9% | 15,673.0 15.8% |
LTM NOPAT % growth | 23.4 N/A | (210.9) N/A | (284.7) 35.0% | (240.1) (15.7%) | (220.9) (8.0%) | (92.5) (58.1%) | (49.2) (46.8%) | (12.8) (73.9%) | 40.4 N/A | 4.7 (88.4%) | (768.6) N/A | (650.8) (15.3%) | (869.9) 33.7% | (797.1) (8.4%) | (516.8) (35.2%) | (330.6) (36.0%) | 11.8 N/A | 472.0 3,902.1% | 801.6 69.8% | 1,158.4 44.5% |
Discount rate | 8.0% | 7.4% | 7.5% | 7.8% | 8.7% | 8.1% | 8.0% | 8.1% | 9.0% | 9.2% | 9.8% | 9.6% | 9.8% | 10.4% | 10.9% | 10.3% | 10.7% | 11.0% | 10.5% | 11.2% |
| Earnings Power Value (EPV) | 293.7 | (2,836.8) | (3,815.3) | (3,096.4) | (2,539.1) | (1,147.9) | (616.0) | (159.1) | 447.1 | 50.9 | (7,875.1) | (6,745.6) | (8,836.1) | (7,647.3) | (4,747.8) | (3,218.0) | 109.8 | 4,276.8 | 7,647.2 | 10,313.4 |
Enterprise Value (EV) | 19,213.8 | 42,902.2 | 37,818.8 | 47,751.9 | 40,749.3 | 42,583.6 | 35,102.1 | 38,852.9 | 25,217.7 | 16,303.0 | 15,233.2 | 12,402.0 | 21,556.0 | 26,768.3 | 26,489.5 | 31,577.0 | 45,932.2 | 57,447.4 | 64,847.0 | 85,530.3 |
| Market-Implied Value of Growth (MIVoG) | 18,920.1 | 45,739.0 | 41,634.1 | 50,848.3 | 43,288.4 | 43,731.5 | 35,718.1 | 39,012.0 | 24,770.6 | 16,252.1 | 23,108.3 | 19,147.5 | 30,392.2 | 34,415.5 | 31,237.3 | 34,795.1 | 45,822.5 | 53,170.6 | 57,199.8 | 75,216.9 |
| EPV as % of EV | 1.5% | (6.6%) | (10.1%) | (6.5%) | (6.2%) | (2.7%) | (1.8%) | (0.4%) | 1.8% | 0.3% | (51.7%) | (54.4%) | (41.0%) | (28.6%) | (17.9%) | (10.2%) | 0.2% | 7.4% | 11.8% | 12.1% |
| MIVoG as % of EV | 98.5% | 106.6% | 110.1% | 106.5% | 106.2% | 102.7% | 101.8% | 100.4% | 98.2% | 99.7% | 151.7% | 154.4% | 141.0% | 128.6% | 117.9% | 110.2% | 99.8% | 92.6% | 88.2% | 87.9% |
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SPOT NOPAT
Annual
Quarterly
LTM
SPOT Earnings Power Value and Enterprise Value
Annual
LTM
Enterprise Value Breakdown
EPV and MIVoG as % of EV
SPOT vs Peer Set: Earnings Power Value comparison
General
Earnings power value
Financial metrics
Company name
EPV as % of EV
MIVoG as % of EV
Revenue growth
EPS growth
Net income margin
Spotify Technology S.A.SPOT
12.1%
87.9%
18.4%
N/A
7.3%
Median Peer Set
20.7%
79.3%
15.7%
10.9%
9.4%
Tencent Music Entertainment GroupTME
206.7%
(106.7%)
(7.1%)
155.8%
17.7%
Baidu, Inc.BIDU
173.6%
(73.6%)
(2.7%)
(15.8%)
17.8%
Pinterest, Inc.PINS
73.1%
26.9%
19.3%
N/A
51.1%
Alphabet Inc.GOOG
45.1%
54.9%
13.9%
37.7%
28.6%
Meta Platforms, Inc.META
41.8%
58.2%
21.9%
62.0%
37.9%
DoorDash, Inc.DASH
(0.4%)
100.4%
24.2%
N/A
1.1%
Twilio Inc.TWLO
(3.3%)
103.3%
7.3%
(88.1%)
(2.5%)
Zillow Group, Inc. Class CZ
(11.7%)
111.7%
15.0%
(29.4%)
(5.0%)
Reddit, Inc.RDDT
(21.9%)
121.9%
61.7%
332.5%
(37.2%)
Snap Inc.SNAP
(59.2%)
159.2%
16.4%
(48.8%)
(13.0%)
Explore more intrinsic value tools hub for SPOT
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FAQ
What is Spotify Technology S.A. Earnings Power Value?
As of Dec 31, 2024, Spotify Technology S.A.'s Earnings Power Value is approximately €10.3B.
What is Spotify Technology S.A. EV (Enterprise Value)?
As of Dec 31, 2024, Spotify Technology S.A.'s Enterprise Value (EV) estimates at €85.5B.
What is Spotify Technology S.A. NOPAT?
As of Dec 31, 2024, Spotify Technology S.A.'s Net operating profit after tax (NOPAT) is approximately €1,158.4M.