SPOT

Spotify Technology S.A.

TMT


Presented:01/24/2019
Price:$132.70
Cap:$23.67B
Current Price:$372.60
Cap:$72.88B

Presented

Date01/24/2019
Price$132.70
Market Cap$23.67B
Ent Value$23.72B
P/E RatioN/A
Book Value$10.38
Div Yield0%
Shares O/S178.39M
Ave Daily Vol1,765,354
Short Int2.22%

Current

Price$372.60
Market Cap$72.88B
Spotify Technology SA is an innovative digital music service offering music fans instant access to a world of music. The company enables on-demand streaming of audio content and aim to combat music piracy by offering a user experience, while monetizing licensed content with both an ad-supported, free-to-the-user model and a premium, paid model. It provides a marketplace for additional products such as live events and music downloads. The company was founded by Daniel Ek and Martin Lorentzon in 2006 and is headquartered in Luxembourg.

Publicly traded companies mentioned herein: Apple Inc (AAPL), Spotify Technology SA (SPOT), Tencent Holdings Ltd (700 HK)

Highlights

The presenter is long shares of Spotify Technology SA (SPOT), the leader in the music streaming space. The stock experienced a major sell-off after peaking at ~$200 during the summer, which the presenter attributed to overblown concerns regarding label renegotiations. He is bullish on sales growth for 2019, and with the stock trading at a discount to peers, he considers this an attractive entry point. His price target is $180 – $185 based on underestimated growth and multiple expansion as margin compression fears are eased.

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Idea Discussion

Commentor 1 - 2 weeks ago

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