Spotify Technology S.A. (BKK:SPOT06)

Spotify Technology Ratios and Metrics

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

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 3, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Market Capitalization	3,712,027	3,103,003	1,260,629	527,096	1,488,518	1,790,789
Market Cap Growth	16.56%	146.15%	139.16%	-64.59%	-16.88%	124.70%
Enterprise Value	3,516,151	2,960,214	1,199,462	465,978	1,435,795	1,752,120
PE Ratio	69.34	76.73	-	-	-	-
PS Ratio	5.77	5.57	2.50	1.22	4.08	6.19
PB Ratio	12.52	15.81	13.15	5.94	18.60	17.39
P/TBV Ratio	14.59	20.38	25.23	12.68	33.78	24.32
P/FCF Ratio	33.42	38.23	49.22	679.39	142.82	269.44
P/OCF Ratio	32.91	37.95	48.79	310.16	109.19	188.29
EV/Sales Ratio	5.56	5.32	2.38	1.08	3.93	6.06
EV/EBITDA Ratio	45.19	56.40	3945.55	-	172.05	-
EV/EBIT Ratio	46.60	59.17	-	-	404.49	-
EV/FCF Ratio	31.66	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	1.44%	1.30%	-1.60%	-3.01%	-0.09%	-1.19%
FCF Yield	2.99%	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.