Discounted Cash Flow
Spotify Technology S.A. Foreign
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—
Average annual growth rates
| Metric | 10-Year | 5-Year | 3-Year |
|---|---|---|---|
| Sales | — | — | — |
| Free Cash Flow | — | — | — |
| Average (FCF & NI) | — | — | — |
| Net Income | — | — | — |
Endpoint CAGR (better for long term trend)
| Metric | 10-Year | 5-Year | 3-Year |
|---|---|---|---|
| Sales | — | — | — |
| Free Cash Flow | — | — | — |
| Average (FCF & NI) | — | — | — |
| Net Income | — | — | — |
Projected growth rate
—
—
%
%
Historical inputs (10 fiscal years)
| YEAR | Sales | Net Income | Free Cash Flow | Net Margin | EPS (diluted) |
|---|---|---|---|---|---|
| 2016 | $3.0b | $-539.0m | $74.0m | -18.3% | $-3.63 |
| 2017 | $4.1b (38.6%) | $-1.2b (-129.1%) | $143.0m (93.2%) | -30.2% (-65.4%) | $-8.14 (-124.1%) |
| 2018 | $5.3b (28.6%) | $-78.0m (93.7%) | $219.0m (53.1%) | -1.5% (95.1%) | $-0.44 (94.6%) |
| 2019 | $6.8b (28.6%) | $-186.0m (-138.5%) | $438.0m (100.0%) | -2.7% (-85.4%) | $-1.03 (-133.4%) |
| 2020 | $7.9b (16.5%) | $-581.0m (-212.4%) | $181.0m (-58.7%) | -7.4% (-168.1%) | $-3.10 (-201.3%) |
| 2021 | $9.7b (22.7%) | $-34.0m (94.1%) | $276.0m (52.5%) | -0.4% (95.2%) | $-0.18 (94.3%) |
| 2022 | $11.7b (21.3%) | $-430.0m (-1164.7%) | $21.0m (-92.4%) | -3.7% (-942.7%) | $-2.23 (-1154.0%) |
| 2023 | $13.2b (13.0%) | $-532.0m (-23.7%) | $674.0m (3109.5%) | -4.0% (-9.5%) | $-2.73 (-22.6%) |
| 2024 | $15.7b (18.3%) | $1.1b (313.9%) | $2.3b (238.9%) | 7.3% (280.8%) | $5.67 (307.6%) |
| 2025 | $17.2b (9.7%) | $2.2b (94.4%) | $2.9b (25.7%) | 12.9% (77.3%) | $10.77 (89.8%) |
Base FCF: — (latest fiscal year)
Discount rate: % —
Terminal growth: —
Projection period: — years
Alt A decline yrs:
Alt B total yrs:
Values abbreviated: b = billions, m = millions, k = thousands.
Projected cash flows
| Year | Projected cash flow | Discount Factor | Present Value |
|---|
PV of projected FCF: —
Terminal FCF: —
Terminal value: —
PV of terminal value: —
Enterprise value (DCF): —
Current price: —
—Alternative DCF Models
| Model | Fair Value | Upside | PV(FCFs) | PV(Terminal) | Total Years |
|---|---|---|---|---|---|
| Standard (10yr→TV) | — | — | — | — | 10 + TV |
| Alt A (Gradual Decline) | — | — | — | — | — |
| Alt B (30yr Hard Stop) | — | — | — | N/A | — |
This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.