SPOT

Spotify Technology S.A.

TMT


Presented:02/04/2020
Price:$154.31
Cap:$27.63B
Current Price:$372.60
Cap:$72.88B

Presented

Date02/04/2020
Price$154.31
Market Cap$27.63B
Ent Value$26.09B
P/E RatioN/A
Book Value$11.81
Div Yield0%
Shares O/S179.07M
Ave Daily Vol1,238,745
Short IntN/A

Current

Price$372.60
Market Cap$72.88B
Spotify Technology SA is a 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 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), Netflix Inc (NFLX), Sony Corp (SNE, 6758 JP), Spotify Technology SA (SPOT), Vivendi SA

Highlights

The presenter is long shares of Spotify Technology SA (SPOT), the international leader in music streaming. His FY20 estimates for revenue, EBITDA, and FCF are ahead of consensus expectations and he believes SPOT is entering a point of major acceleration in earnings and FCF. As this occurs, the market will have a better understanding of SPOT’s earnings/FCF power and will extrapolate growth going forward. In his opinion, this could lead to the stock’s share price doubling from ~$152 to ~$300 (~9x his 2023 FCF estimate).

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Idea Discussion

Commentor 1 - 2 weeks ago

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