Spotify Technology S.A. (639.DE) stock analysis

In our weekly check, Spotify Technology S.A. is graded B (A to F). Of 23 checks on debt, profit, cash flow and trend: 19 pass, warnings: 2, red flags: 2.

About Spotify Technology S.A.

Spotify Technology S.A. is a Technology company (Media & Entertainment) based in Luxembourg, listed on XETRA as 639.DE.

What our checks show for 639.DE

Red flags

• The stock has fallen as much as 77% from a peak. Would you have held through that?
• Thinly traded (about 0 thousand shares a day): buying and selling can move the price.

Warning signs

• The price swings a lot: 46% annual volatility. Expect large ups and downs.
• Beta 1.58: the stock usually moves more than the market, both up and down.

Strengths

• Debt is low: 0.05x equity.
• Operating profit covers interest 101 times over.
• The net margin rose by 16.1 points over 5 years, to 15.8%.
• The gross margin is 33.1% and has risen by 6.6 points: pricing power is holding.
• Analysts expect earnings per share to grow about 13.4% a year over the next years.
• Revenue grew 18.1% a year over the last 3 years.

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Questions

What grade does Spotify Technology S.A. (639.DE) have?

In our weekly check, Spotify Technology S.A. is graded B (A to F). Of 23 checks on debt, profit, cash flow and trend: 19 pass, warnings: 2, red flags: 2. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of 639.DE stock?

This week's biggest flags for Spotify Technology S.A.: Deep past fall, Thinly traded, Very volatile. In total 4 of 23 checks show a warning or a red flag.

What does Spotify Technology S.A. do?

Spotify Technology S.A. is a Technology company (Media & Entertainment) based in Luxembourg, listed on XETRA as 639.DE.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-24

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