RadarScope: SPOT — Analiza Fundamentala

Market Cap

$110.8B

P/E Ratio

27.7

Profit Margin

18.2%

ROE

40.5%

📈 Earnings Report — 2026-08

Ultimul trimestru raportat

EPS Actual

$3.03

▼ 25.0% QoQ▲ 731.2% YoY

EPS Estimat

$3.27

Miss by 7.3%

Revenue Actual

$5.46B

▲ 4.2% QoQ▲ 10.5% YoY

Revenue Estimat

$5.47B

Miss by 0.3%

Istoric Ultimele 4 Trimestre

2026-08

EPS Actual

$3.03

EPS Est.

$3.27

Revenue

$5.46B

Beat/Miss

Miss by 7.3%

2026-04

EPS Actual

$4.04

EPS Est.

$3.43

Revenue

$5.24B

Beat/Miss

Beat by 17.8%

2026-02

EPS Actual

$5.16

EPS Est.

$3.21

Revenue

$5.32B

Beat/Miss

Beat by 60.7%

2025-11

EPS Actual

$3.83

EPS Est.

$2.29

Revenue

$5.00B

Beat/Miss

Beat by 67.2%

Urmatorul Raport

Data

2026-11-03

EPS Estimat

$3.26

Revenue Estimat

$5.82B

📊 Scoruri Companie

Crestere 9/10

Revenue & Profit Growth

Evaluare 4/10

P/E · P/B · P/S

Calitate 9/10

Marje · ROE · Datorii

Risc 7/10

Beta · Market Cap

📈 Date Financiare Istorice in miliarde USD

💰 Revenue

📊 Net Profit

💵 Cash Flow

Operating (albastru) · Free (violet)

🏦 Cash & Datorii

Cash (verde) · Long-term Debt (rosu)

💸 Operating Expenses

🤖 Analiza RadarScope AI

Analiza AI (verdict, bull case, bear case) este disponibila pe planurile Trader si Elite.

💡 Disponibil pe Trader / Elite

🐂 BULL CASE

Disponibil pe Trader / Elite

🐻 BEAR CASE

Disponibil pe Trader / Elite

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📖 Indicatorii lui Lynch — concluzii rapide dupa Peter Lynch

PEG — P/E in contextul cresterii

N/A

PEG indisponibil (profit negativ). PEG-ul Lynch nu se aplica firmelor fara profit sau cu profit in scadere.

P/E vs istoria proprie si sectorul

P/E acum 27.7.
vs media proprie 5 ani (61.0): SUB media sa
vs sector Communication Services (19.1): PESTE sector
Lynch: compara P/E cu propria istorie si media industriei, nu in absolut.

Procentul din vanzari (concentrare produs)

CONCENTRAT PE 1 PRODUS

Premium 88% · Ad-Supported 12%
Lynch: un produs genial care aduce sub ~10% din venituri nu misca actiunea.

Cash si datorie

CASH NET POZITIV

Cash net pe actiune $36.84 (~7% din pret e deja acoperit de bani lichizi).
Datorie/Capital 0.06 DATORIE MICA — decide supravietuirea in vremuri grele (esential la ciclice si turnarounds).
Tip datorie: OK — TERMEN LUNG — majoritar pe termen lung (obligatiuni = timp de manevra). Scurt $1.5B / Lung $432.8M.

Marje de profit

MARJE SOLIDE

Bruta 32.8% · Operationala 14.6% · Neta 18.2%. Marje mari — de regula castigatorul pe termen lung din industrie.

Inventare vs vanzari

FARA STOCURI

Firma fara stocuri semnificative (servicii / software) — indicatorul nu se aplica.

Povestea in 2 minute

De ce o detii: Analiza AI (verdict, bull case, bear case) este disponibila pe planurile Trader si Elite.
Ce trebuie sa mearga bine: Disponibil pe Trader / Elite
Obstacole: Disponibil pe Trader / Elite
Lynch: daca nu poti explica coerent in 2 minute de ce o detii, nu o intelegi.

🔬 Analiza Fundamentala Avansata · an fiscal 2025-12-31

🏦 Altman Z-Score

11.86 ZONA SIGURA

X1 Capital de lucru / Active	0.294	x1.2
X2 Profit reportat / Active	-0.055	x1.4
X3 EBIT / Active	0.15	x3.3
X4 Capitalizare / Datorii	16.569	x0.6
X5 Vanzari / Active	1.145	x1.0

Praguri Altman (1968): >2,99 sigur · 1,81–2,99 gri · <1,81 pericol de faliment

💪 Piotroski F-Score

6/9 ACCEPTABIL

✓ROA pozitiv14.73%

✓Cash flow operational pozitiv2.93B

✓ROA in crestere14.73% vs 9.48%

✓Cash flow > Profit net (calitate)2.93B vs 2.21B

✓Datorie pe termen lung in scadere0.0% vs 12.8% din active

✗Lichiditate curenta in crestere1.72 vs 1.88

✗Fara emisiune de actiuni noi205.8M vs 203.8M

✓Marja bruta in crestere32.0% vs 30.1%

✗Rotatia activelor in crestere1.14 vs 1.31

9 teste binare (Piotroski, 2000). 8–9 = putere financiara · 0–2 = slabiciune

⚖️ ROIC vs WACC

+31.92pp CREEAZA VALOARE

ROIC (randamentul capitalului)	44.62%
WACC (costul capitalului)	12.70%

Ipoteze (la vedere):
Rata fara risc 4.2% (USD) · Beta 1.58 · Prima de risc 5.5%
Cost capitaluri proprii 12.9% · Cost datorie 1.58% · Impozit efectiv 0.5%

Metode publice: Altman, E. (1968), Journal of Finance · Piotroski, J. (2000), Journal of Accounting Research · ROIC/WACC prin CAPM. Fiecare cifra isi arata componentele si pragurile — poti reface calculul manual.

📊 Metrici Fundamentale

P/E TTM27.7

P/B TTM9.91

P/S TTM5.05

EV/EBITDA23.7

Gross Margin32.8%

Operating Margin14.6%

Net Margin18.2%

ROE40.5%

ROA21.7%

Debt/Equity0.06

Current Ratio2.11

FCF Yield3.6%

Dividend Yield—

Beta1.58

💰 Venituri & Profit (ultimele trimestre)

Trimestru	Revenue	Gross Profit	Net Income	EPS
2026-06	$5.5B	$1.8B	$623.0M	$3.03
2026-03	$4.5B	$1.5B	$721.0M	$3.56
2025-12	$4.5B	$1.5B	$1.2B	$5.71
2025-09	$4.3B	$1.4B	$899.0M	$4.36

🏢 Profil Companie

CEOAlex Norström

Angajati7000

IPO2018-04-03

Websitehttps://open.spotify.com...

52W High$745.00

52W Low$405.00

Spotify Technology S.A., together with its subsidiaries, provides audio streaming subscription services worldwide. It operates in two segments, Premium and Ad-Supported. The Premium segment offers online and offline streaming access to its catalog of music and podcasts, including video, lossless music, and audiobooks in select markets through subscription offerings primarily sold directly to end users and partners. The Ad-Supported segment provides limited on-demand online access to its catalog ...

🎯 Score Breakdown

Calitate Companie (Q) 9/10

Risc Speculativ (R) 7/10

Scor AI RadarScope 0/100

VERDICT FINAL

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