FRA/639 (FRA/639)

Frankfurt Stock Exchange: FRA/639 · EUR

€493

-32.98 (-6.3%)· Recorded snapshot

Market cap	102.5B
Revenue (ttm)	18.8B
Net income (ttm)	3B
EPS (ttm)	€14.4
P/E (trailing)	34.2x
P/E (forward)	34.6x
Volume	30

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 18.8B
Net income (ttm): 3B
EPS (ttm): €14.4
P/E (trailing): 34.2x
P/E (forward): 34.6x
Market cap: 102.5B

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/E34.6

P25 n/aP50 n/aP75 n/a

Trailing P/E34.2

P25 n/aP50 n/aP75 n/a

ROE35.8

P25 n/aP50 n/aP75 n/a

ROIC120.6

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

S&P 500+0.8%

Nasdaq Composite-1.0%

Dow Jones Industrial Average+1.9%

Russell 2000+0.3%

All FRA/639 indicators

Market & fundamental data

Available fields

224

Groups with data

Currency

EUR

Showing 224 of 224 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	EUR
Country	Luxembourg
Country code	DE
Earnings date	2026-10-22
Employees	7,000
Employees change	-691
Employees growth	-8.98%
Enterprise value	EUR 95.7B
Exchange	Frankfurt Stock Exchange
Financial currency	EUR
Financial report date	2026-09-30
First seen	2026-05-10
Fiscal year end	December
Founded	2006
Industry	Internet Content & Information
Is primary listing	No
ISIN number	LU1778762911
Last earnings date	2026-10-22
Last refreshed	2026-10-28
Market cap	EUR 102.5B
Next earnings date	2026-11-03
Price	EUR 493.00
Price currency	EUR
Sector	Communication Services
SIC code	7370
Stock price date	2026-10-27
Symbol	fra/639
Website	https://www.spotify.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Average P/E ratio (3Y)	77.18x
Earnings yield	2.92%
EV/Earnings	32.35x
EV/EBIT	34.23x
EV/EBITDA	33.35x
EV/FCF	29.95x
EV/Sales	4.99x
FCF / EV yield	3.34%
FCF yield	3.12%
Forward P/E	34.64x
Graham number	116.05738
Graham upside	-76.46%
P/(FCF - SBC) ratio	35.22x
P/(OCF - SBC) ratio	34.59x
P/B ratio	11.72x
P/E ratio	34.2x
P/FCF ratio	32.07x
P/OCF ratio	31.54x
P/S ratio	5.45x
Price / tangible book value	13.48x
Price/EBITDA ratio	37.03x
Sector forward P/E	11.19x
Sector P/E	14.52x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	14.58%
EBITDA margin	14.71%
Effective tax rate	12.56%
FCF margin	16.99%
Gross margin	33.12%
Operating margin	14.58%
Pretax margin	17.99%
Profit margin	15.73%
Profit per employee	EUR 422,571
Profitable quarters	5
Profitable years	2
Revenue per employee	EUR 2.7M
ROA	11.82%
ROA (5Y)	2.48%
ROCE	29.84%
ROE	35.81%
ROE (5Y)	3.64%
ROIC	120.64%
ROIC (5Y)	38.32%
SBC / revenue	1.52%
Tax / revenue	2.26%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth	111.58%
EPS growth (Q)	-24.47%
EPS growth (QoQ)	-4.98%
EPS growth years	3
FCF growth	9.61%
FCF growth (Q)	-8.93%
FCF growth (QoQ)	-7.79%
FCF growth 3Y	150.61%
FCF growth 5Y	67.13%
Gross profit growth	15.8%
Gross profit growth (Q)	21.32%
Gross profit growth 3Y	24.04%
Gross profit growth 5Y	20.48%
Net income growth	110.53%
Net income growth (Q)	-42.38%
Net income growth (QoQ)	-4.95%
Net income growth years	2
OCF growth	9.73%
OCF growth (Q)	-10.74%
OCF growth (QoQ)	-9.31%
OCF growth 3Y	147.98%
OCF growth 5Y	56.23%
Operating income growth	37.98%
Operating income growth (Q)	15.46%
Operating income growth 5Y	127.51%
Revenue growth	11.32%
Revenue growth (Q)	16.32%
Revenue growth (QoQ)	4.02%
Revenue growth 3Y	13.86%
Revenue growth 5Y	15.51%
Revenue growth quarters	35
Revenue growth years	10

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	EUR -53M
Depreciation and amortization	EUR 24M
EBIT	EUR 2.7B
EBITDA	EUR 2.8B
EPS	EUR 14.42
Financing cash flow	EUR -2.6B
Free cash flow	EUR 3.2B
Free cash flow minus SBC	EUR 2.9B
Gross profit	EUR 6.2B
Income taxes	EUR 425M
Investing cash flow	EUR -189M
Net borrowing	EUR -1.4B
Net cash flow	EUR 576M
Net income	EUR 3B
Operating cash flow minus SBC	EUR 3B
Operating income	EUR 2.7B
Revenue	EUR 18.8B
Stock-based compensation	EUR 286M

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Altman Z-Score	12.62
Book value per share	EUR 42.53
Debt / EBITDA	0.16
Debt / equity	0.05
Debt / FCF	0.14
Goodwill	EUR 1.1B
Interest coverage	101.59
Long-term assets	EUR 3.4B
Long-term liabilities	EUR 451M
Net cash (debt)	EUR 6.6B
Net cash / market cap	6.47%
Net cash growth	26.64%
Net debt / EBITDA	-2.4
Net debt / equity	-0.76
Net debt / FCF	-2.08
Piotroski F-Score	6
Property, plant and equipment	EUR 408M
Shareholders' equity	EUR 8.7B
Tangible book value	EUR 7.6B
Tangible book value per share	EUR 36.99
Total assets	EUR 14.3B
Total cash	EUR 7.1B
Total debt	EUR 452M
Total liabilities	EUR 5.6B

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	1.3
Current assets	EUR 10.9B
Current liabilities	EUR 5.1B
Current ratio	2.13
Net working capital	EUR -1.2B
Quick ratio	1.55
Working capital	EUR 5.8B
Working capital turnover	3.92

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	0.58%
Shareholder yield	0.58%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
150-day SMA	EUR 430.82
1D price change	-6.27%
1M price change	10.54%
1M total return	10.54%
1W price change	4.89%
1W total return	4.89%
1Y price change	-11.33%
1Y return CAGR	-11.34%
1Y total return	-11.33%
20-day SMA	EUR 464.40
200-day SMA	EUR 428.30
3M price change	20.69%
3M total return	20.69%
3Y price change	223.92%
3Y return CAGR	47.95%
3Y total return	223.92%
50-day SMA	EUR 461.57
50-day SMA vs 200-day SMA	50over200
52-week high	EUR 591.90
52-week high date	2025-11-04
52-week low	EUR 345.70
52-week low date	2026-02-10
5Y price change	121.97%
5Y return CAGR	17.29%
5Y total return	121.97%
6M price change	12.43%
6M total return	12.43%
All-time high	EUR 670.90
All-time high date	2025-06-30
All-time low	EUR 67.13
All-time low date	2022-12-16
Average true range (ATR)	EUR 15.27
Average volume	33.9
Change from 52-week high	-16.71%
Change from 52-week low	42.61%
Change from all-time high	-26.52%
Change from all-time low	634.4%
Change from open	-2.95%
Day's gap	-3.42%
Dollar volume	EUR 14,790
High price	EUR 510.00
Low price	EUR 493.00
Monthly RSI	56.59
Open price	EUR 508.00
Position in 52-week range	0%
Previous close	EUR 526.00
Price vs 150-day SMA	14.43%
Price vs 20-day SMA	6.16%
Price vs 200-day SMA	15.11%
Price vs 50-day SMA	6.81%
Relative volume	0.89
RSI	56.75
Sharpe ratio	-0.1
Sharpe ratio (3Y)	0.96
Sharpe ratio (5Y)	0.45
Sortino ratio	-0.03
Sortino ratio (3Y)	1.62
Sortino ratio (5Y)	0.8
Volume	30
Weekly RSI	56.72
YTD price change	0.42%
YTD total return	0.42%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	157M
Shares change (QoQ)	-0.13%
Shares change (YoY)	-0.58%
Shares held by insiders	15.42%
Shares held by institutions	67.76%
Short ratio	2 days

Deeper analysis on FRA/639

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

→

Risks

Kill scenarios, soft-pass flags, and downside catalysts.

→

Earnings

Next earnings setup and beat / inline / miss thresholds.

→

Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

→

Financials

Revenue, margins, cash flow, and balance-sheet context.

→

Peers

Relative valuation and profitability against the cohort.

→

Moat

Economic-profit evidence and competitive advantage risk.

→

Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Scorecard

Six-factor overlay and 9-category weighted scorecard.

→

Recommendation

Final action, action steps, opportunity, and biggest risk.

→

Perspectives

Growth, value, and income investor reads.

→

Frequently asked questions

About this FRA/639 report

Is a complete FRA/639 research report available?

No complete published report is available for fra/639 (FRA/639) on this page. Market-directory data, when present, is not a substitute for a validated stock analysis.

Market cap

102.5B

Revenue (ttm)

18.8B

Net income (ttm)

EPS (ttm)

€14.4

P/E (trailing)

34.2x

P/E (forward)

34.6x

Volume

Metric

Value

Amount currency

EUR

Country

Luxembourg

Country code

Earnings date

2026-10-22

Employees

7,000

Employees change

-691

Employees growth

-8.98%

Enterprise value

EUR 95.7B

Exchange

Frankfurt Stock Exchange

Financial currency

EUR

Financial report date

2026-09-30

First seen

2026-05-10

Fiscal year end

December

Founded

2006

Industry

Internet Content & Information

Is primary listing

ISIN number

LU1778762911

Last earnings date

2026-10-22

Last refreshed

2026-10-28

Market cap

EUR 102.5B

Next earnings date

2026-11-03

Price

EUR 493.00

Price currency

EUR

Sector

Communication Services

SIC code

7370

Stock price date

2026-10-27

Symbol

fra/639

Website

https://www.spotify.com

Metric

Value

Average P/E ratio (3Y)

77.18x

Earnings yield

2.92%

EV/Earnings

32.35x

EV/EBIT

34.23x

EV/EBITDA

33.35x

EV/FCF

29.95x

EV/Sales

4.99x

FCF / EV yield

3.34%

FCF yield

3.12%

Forward P/E

34.64x

Graham number

116.05738

Graham upside

-76.46%

P/(FCF - SBC) ratio

35.22x

P/(OCF - SBC) ratio

34.59x

P/B ratio

11.72x

P/E ratio

34.2x

P/FCF ratio

32.07x

P/OCF ratio

31.54x

P/S ratio

5.45x

Price / tangible book value

13.48x

Price/EBITDA ratio

37.03x

Sector forward P/E

11.19x

Sector P/E

14.52x

Metric

Value

EBIT margin

14.58%

EBITDA margin

14.71%

Effective tax rate

12.56%

FCF margin

16.99%

Gross margin

33.12%

Operating margin

14.58%

Pretax margin

17.99%

Profit margin

15.73%

Profit per employee

EUR 422,571

Profitable quarters

Profitable years

Revenue per employee

EUR 2.7M

ROA

11.82%

ROA (5Y)

2.48%

ROCE

29.84%

ROE

35.81%

ROE (5Y)

3.64%

ROIC

120.64%

ROIC (5Y)

38.32%

SBC / revenue

1.52%

Tax / revenue

2.26%

Metric

Value

EPS growth

111.58%

EPS growth (Q)

-24.47%

EPS growth (QoQ)

-4.98%

EPS growth years

FCF growth

9.61%

FCF growth (Q)

-8.93%

FCF growth (QoQ)

-7.79%

FCF growth 3Y

150.61%

FCF growth 5Y

67.13%

Gross profit growth

15.8%

Gross profit growth (Q)

21.32%

Gross profit growth 3Y

24.04%

Gross profit growth 5Y

20.48%

Net income growth

110.53%

Net income growth (Q)

-42.38%

Net income growth (QoQ)

-4.95%

Net income growth years

OCF growth

9.73%

OCF growth (Q)

-10.74%

OCF growth (QoQ)

-9.31%

OCF growth 3Y

147.98%

OCF growth 5Y

56.23%

Operating income growth

37.98%

Operating income growth (Q)

15.46%

Operating income growth 5Y

127.51%

Revenue growth

11.32%

Revenue growth (Q)

16.32%

Revenue growth (QoQ)

4.02%

Revenue growth 3Y

13.86%

Revenue growth 5Y

15.51%

Revenue growth quarters

Revenue growth years

Metric

Value

Capital expenditures

EUR -53M

Depreciation and amortization

EUR 24M

EBIT

EUR 2.7B

EBITDA

EUR 2.8B

EPS

EUR 14.42

Financing cash flow

EUR -2.6B

Free cash flow

EUR 3.2B

Free cash flow minus SBC

EUR 2.9B

Gross profit

EUR 6.2B

Income taxes

EUR 425M

Investing cash flow

EUR -189M

Net borrowing

EUR -1.4B

Net cash flow

EUR 576M

Net income

EUR 3B

Operating cash flow minus SBC

EUR 3B

Operating income

EUR 2.7B

Revenue

EUR 18.8B

Stock-based compensation

EUR 286M

Metric

Value

Altman Z-Score

12.62

Book value per share

EUR 42.53

Debt / EBITDA

0.16

Debt / equity

0.05

Debt / FCF

0.14

Goodwill

EUR 1.1B

Interest coverage

101.59

Long-term assets

EUR 3.4B

Long-term liabilities

EUR 451M

Net cash (debt)

EUR 6.6B

Net cash / market cap

6.47%

Net cash growth

26.64%

Net debt / EBITDA

-2.4

Net debt / equity

-0.76

Net debt / FCF

-2.08

Piotroski F-Score

Property, plant and equipment

EUR 408M

Shareholders' equity

EUR 8.7B

Tangible book value

EUR 7.6B

Tangible book value per share

EUR 36.99

Total assets

EUR 14.3B

Total cash

EUR 7.1B

Total debt

EUR 452M

Total liabilities

EUR 5.6B

Metric

Value

Asset turnover

1.3

Current assets

EUR 10.9B

Current liabilities

EUR 5.1B

Current ratio

2.13

Net working capital

EUR -1.2B

Quick ratio

1.55

Working capital

EUR 5.8B

Working capital turnover

3.92

Metric

Value

Buyback yield / dilution

0.58%

Shareholder yield

0.58%

Metric

Value

150-day SMA

EUR 430.82

1D price change

-6.27%

1M price change

10.54%

1M total return

10.54%

1W price change

4.89%

1W total return

4.89%

1Y price change

-11.33%

1Y return CAGR

-11.34%

1Y total return

-11.33%

20-day SMA

EUR 464.40

200-day SMA

EUR 428.30

3M price change

20.69%

3M total return

20.69%

3Y price change

223.92%

3Y return CAGR

47.95%

3Y total return

223.92%

50-day SMA

EUR 461.57

50-day SMA vs 200-day SMA

50over200

52-week high

EUR 591.90

52-week high date

2025-11-04

52-week low

EUR 345.70

52-week low date

2026-02-10

5Y price change

121.97%

5Y return CAGR

17.29%

5Y total return

121.97%

6M price change

12.43%

6M total return

12.43%

All-time high

EUR 670.90

All-time high date

2025-06-30

All-time low

EUR 67.13

All-time low date

2022-12-16

Average true range (ATR)

EUR 15.27

Average volume

33.9

Change from 52-week high

-16.71%

Change from 52-week low

42.61%

Change from all-time high

-26.52%

Change from all-time low

634.4%

Change from open

-2.95%

Day's gap

-3.42%

Dollar volume

EUR 14,790

High price

EUR 510.00

Low price

EUR 493.00

Monthly RSI

56.59

Open price

EUR 508.00

Position in 52-week range

Previous close

EUR 526.00

Price vs 150-day SMA

14.43%

Price vs 20-day SMA

6.16%

Price vs 200-day SMA

15.11%

Price vs 50-day SMA

6.81%

Relative volume

0.89

RSI

56.75

Sharpe ratio

-0.1

Sharpe ratio (3Y)

0.96

Sharpe ratio (5Y)

0.45

Sortino ratio

-0.03

Sortino ratio (3Y)

1.62

Sortino ratio (5Y)

0.8

Volume

Weekly RSI

56.72

YTD price change

0.42%

YTD total return

0.42%

Metric

Value

Float

157M

Shares change (QoQ)

-0.13%

Shares change (YoY)

-0.58%

Shares held by insiders

15.42%

Shares held by institutions

67.76%

Short ratio

2 days

FRA/639 (FRA/639)

Price

Financial snapshot

Fair-value bridge

Latest news · FRA/639

Valuation

Profitability

Balance sheet

Trading

Next earnings

Sector percentile context

All FRA/639 indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on FRA/639

Frequently asked questions

FRA/639 (FRA/639)

Price

Financial snapshot

Fair-value bridge

Latest news · FRA/639

Valuation

Profitability

Balance sheet

Trading

Next earnings

Sector percentile context

All FRA/639 indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on FRA/639

Frequently asked questions