SPOT Intrinsic Value Calculation – Pivotal Research Upgrades Spotify Technology S.A, Stock Price Rises
December 23, 2023
🌥️Trending News
Shares in Spotify ($NYSE:SPOT) Technology S.A rose following an upgrade from Pivotal Research, with the stock price soaring by nearly 3%. Starting out as a digital music service, the company quickly expanded to provide audio streaming, podcasts, and video streaming services. Through its technology-driven approach, Spotify has created an entire ecosystem for music fans to discover, listen and share music while helping creators to get noticed. The upgrade from Pivotal Research shows that Spotify is seen as a strong investment opportunity by the market.
Price History
On Thursday, investors reacted positively to news that Pivotal Research Group had upgraded SPOTIFY TECHNOLOGY S.A to buy from hold. This resulted in an increase in the stock price of the company, and the stock opened at $195.3 and closed at $192.8, up by 2.2% from its prior closing price of 188.7. This increase in stock price has been seen as a sign of confidence in the company and its future growth potential. The upgrade by Pivotal Research Group is seen as an endorsement of the company’s strategy and growth plans, which has helped to push the stock price higher. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for SPOT. More…
| Total Revenues | Net Income | Net Margin |
| 12.74k | -732 | -4.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for SPOT. More…
| Operations | Investing | Financing |
| 213 | -313 | 19 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for SPOT. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 7.59k | 5.45k | 10.96 |
Key Ratios Snapshot
Some of the financial key ratios for SPOT are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 19.0% | – | -4.8% |
| FCF Margin | ROE | ROA |
| 1.6% | -18.2% | -5.0% |
Analysis – SPOT Intrinsic Value Calculation
At GoodWhale, we have conducted an analysis of SPOTIFY TECHNOLOGY S.A.’s fundamentals. Our proprietary Valuation Line indicated that the fair value of a share of SPOTIFY TECHNOLOGY S.A is around $205.6. Currently, SPOTIFY TECHNOLOGY S.A stock is trading at $192.8, which is a fair price that is undervalued by 6.2%. More…
Peers
The competition between Spotify Technology SA and its competitors is fierce. All four companies are constantly trying to one-up each other in terms of innovation and customer satisfaction. Spotify is the clear leader in the space, but the other three companies are not far behind.
– SharingTechnology Inc ($TSE:3989)
The company’s market cap is 5.9B as of 2022, a Return on Equity of -132.21%. The company is a provider of digital content and services. It offers a range of services including online storage, file sharing, and content management.
– Weathernews Inc ($TSE:4825)
As of 2022, Weathernews Inc has a market cap of 81.09B and a Return on Equity of 10.6%. Weathernews Inc is a global provider of weather information services that uses big data and artificial intelligence to provide personalized weather information to users around the world. The company has a strong presence in Japan, where it was founded in 1986, and also has a significant presence in the United States, Europe, and Asia.
– Hello Group Inc ($NASDAQ:MOMO)
Groupon Inc has a market cap of 855.8M as of 2022, a Return on Equity of -14.32%. Groupon is an American multinational e-commerce marketplace connecting subscribers with local merchants by offering activities, travel, goods and services in more than 28 countries.
Summary
Investing analysis for Spotify Technology S.A. (SPOT) is generally positive. Analysts expect the stock to continue to rise in the near future and are optimistic about its long-term outlook. Overall, the investing outlook for SPOT appears favorable in both the short and long term.
