WallStSmart

iQSTEL Inc. (IQST)vsSpotify Technology SA (SPOT)

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Smart Verdict

WallStSmart Research — data-driven comparison

Spotify Technology SA generates 4673% more annual revenue ($18.81B vs $394.07M). SPOT leads profitability with a 15.7% profit margin vs -2.4%. SPOT earns a higher WallStSmart Score of 56/100 (C).

IQST

Hold

41

out of 100

Grade: D

Growth: 8.0Profit: 2.0Value: 5.0Quality: 7.5
Piotroski: 5/9Altman Z: 4.90

SPOT

Buy

56

out of 100

Grade: C

Growth: 6.0Profit: 8.0Value: 4.0Quality: 8.0
Piotroski: 4/9Altman Z: 2.66
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

Intrinsic value data unavailable for IQST.

SPOTSignificantly Overvalued (-51.8%)

Margin of Safety

-51.8%

Fair Value

$321.01

Current Price

$538.40

$217.39 premium

UndervaluedFair: $321.01Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

IQST4 strengths · Avg: 9.8/10
Price/BookValuation
0.7x10/10

Reasonable price relative to book value

Revenue GrowthGrowth
51.1%10/10

Revenue surging 51.1% year-over-year

Altman Z-ScoreHealth
4.9010/10

Safe zone — low bankruptcy risk

Debt/EquityHealth
0.219/10

Conservative balance sheet, low leverage

SPOT4 strengths · Avg: 9.3/10
Return on EquityProfitability
30.6%10/10

Every $100 of equity generates 31 in profit

Debt/EquityHealth
0.0510/10

Conservative balance sheet, low leverage

Market CapQuality
$114.19B9/10

Large-cap with strong market position

Revenue GrowthGrowth
16.3%8/10

16.3% revenue growth

Areas to Watch

IQST4 concerns · Avg: 2.8/10
EPS GrowthGrowth
0.0%4/10

0.0% earnings growth

Market CapQuality
$9.86M3/10

Smaller company, higher risk/reward

Return on EquityProfitability
-92.8%2/10

ROE of -92.8% — below average capital efficiency

Free Cash FlowQuality
$-1.49M2/10

Negative free cash flow — burning cash

SPOT3 concerns · Avg: 3.3/10
P/E RatioValuation
33.9x4/10

Premium valuation, high expectations priced in

Price/BookValuation
11.3x4/10

Trading at 11.3x book value

EPS GrowthGrowth
-24.5%2/10

Earnings declined 24.5%

Comparative Analysis Report

WallStSmart Research

Bull Case : IQST

The strongest argument for IQST centers on Price/Book, Revenue Growth, Altman Z-Score. Revenue growth of 51.1% demonstrates continued momentum.

Bull Case : SPOT

The strongest argument for SPOT centers on Return on Equity, Debt/Equity, Market Cap. Profitability is solid with margins at 15.7% and operating margin at 13.5%. Revenue growth of 16.3% demonstrates continued momentum.

Bear Case : IQST

The primary concerns for IQST are EPS Growth, Market Cap, Return on Equity.

Bear Case : SPOT

The primary concerns for SPOT are P/E Ratio, Price/Book, EPS Growth.

Key Dynamics to Monitor

IQST profiles as a hypergrowth stock while SPOT is a growth play — different risk/reward profiles.

SPOT carries more volatility with a beta of 1.61 — expect wider price swings.

IQST is growing revenue faster at 51.1% — sustainability is the question.

SPOT generates stronger free cash flow (792M), providing more financial flexibility.

Bottom Line

SPOT scores higher overall (56/100 vs 41/100), backed by strong 15.7% margins and 16.3% revenue growth. Both earn "Buy" and "Hold" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

iQSTEL Inc.

COMMUNICATION SERVICES · TELECOM SERVICES · USA

iQSTEL Inc. provides telecommunication services as a wholesale carrier of voice, short message service (SMS), and data for other telecom companies. The company is headquartered in Coral Gables, Florida.

Spotify Technology SA

COMMUNICATION SERVICES · INTERNET CONTENT & INFORMATION · USA

Spotify Technology SA, provides audio streaming services worldwide. The company is headquartered in Luxembourg, Luxembourg.

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