Spotify Technology Ratios and Metrics

Market cap in millions THB. Fiscal year is January - December.

Millions THB. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Feb '26 Feb 9, 2026	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Market Capitalization	2,660,162	3,103,003	1,260,629	527,096	1,488,518	1,790,789
Market Cap Growth	-23.17%	146.15%	139.16%	-64.59%	-16.88%	124.70%
Enterprise Value	2,469,004	2,960,214	1,199,462	465,978	1,435,795	1,752,120
PE Ratio	49.69	76.73	-	-	-	-
PS Ratio	4.13	5.57	2.50	1.22	4.08	6.19
PB Ratio	8.98	15.81	13.15	5.94	18.60	17.39
P/TBV Ratio	10.46	20.38	25.23	12.68	33.78	24.32
P/FCF Ratio	23.95	38.23	49.22	679.39	142.82	269.44
P/OCF Ratio	23.59	37.95	48.79	310.16	109.19	188.29
EV/Sales Ratio	4.00	5.32	2.38	1.08	3.93	6.06
EV/EBITDA Ratio	32.51	56.40	3945.55	-	172.05	-
EV/EBIT Ratio	33.53	59.17	-	-	404.49	-
EV/FCF Ratio	22.23	36.47	46.83	600.61	137.76	263.62
Debt / Equity Ratio	0.29	0.38	0.70	0.73	0.86	0.22
Debt / EBITDA Ratio	1.08	1.36	27.52	-	8.26	-
Debt / FCF Ratio	0.77	0.91	2.61	82.91	6.61	3.36
Asset Turnover	1.34	1.54	1.66	1.58	1.43	1.38
Quick Ratio	1.34	1.70	1.19	1.15	1.26	0.67
Current Ratio	1.61	1.88	1.29	1.24	1.36	0.82
Return on Equity (ROE)	22.64%	28.28%	-21.61%	-19.03%	-1.38%	-24.00%
Return on Assets (ROA)	9.99%	8.65%	-0.64%	-5.56%	0.87%	-3.20%
Return on Invested Capital (ROIC)	69.83%	206.19%	-14.87%	-101.15%	-1.05%	-19.53%
Return on Capital Employed (ROCE)	23.90%	18.60%	-1.90%	-16.00%	2.40%	-8.60%
Earnings Yield	2.01%	1.30%	-1.60%	-3.01%	-0.09%	-1.19%
FCF Yield	4.18%	2.62%	2.03%	0.15%	0.70%	0.37%
Buyback Yield / Dilution	-3.39%	-6.30%	0.57%	-0.98%	-3.39%	-3.66%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.