Spotify Technology S.A. (BVMF:S1PO34)

Spotify Technology Ratios and Metrics

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

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jan 16, 2026	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Market Capitalization	562,107	559,152	177,927	80,608	249,776	309,801
Market Cap Growth	-1.22%	214.26%	120.73%	-67.73%	-19.38%	187.81%
Enterprise Value	529,124	533,422	169,294	71,261	240,929	303,112
Last Close Price	682.45	697.22	231.43	103.74	331.17	414.29
PE Ratio	63.98	76.73	-	-	-	-
PS Ratio	5.32	5.57	2.50	1.22	4.08	6.19
PB Ratio	11.56	15.81	13.15	5.94	18.60	17.39
P/TBV Ratio	13.46	20.38	25.23	12.68	33.78	24.32
P/FCF Ratio	30.84	38.23	49.22	679.39	142.82	269.44
P/OCF Ratio	30.37	37.95	48.79	310.16	109.19	188.29
EV/Sales Ratio	4.97	5.32	2.38	1.08	3.93	6.06
EV/EBITDA Ratio	40.38	56.40	3945.55	-	172.05	-
EV/EBIT Ratio	41.65	59.17	-	-	404.49	-
EV/FCF Ratio	29.03	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 Capital (ROIC)	15.27%	14.81%	-1.22%	-10.19%	1.60%	-6.03%
Return on Capital Employed (ROCE)	23.90%	18.60%	-1.90%	-16.00%	2.40%	-8.60%
Earnings Yield	1.56%	1.30%	-1.60%	-3.01%	-0.09%	-1.19%
FCF Yield	3.24%	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.