WallStSmart

Spotify Technology SA (SPOT)vsZillow Group Inc Class C (Z)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Spotify Technology SA generates 551% more annual revenue ($17.53B vs $2.69B). SPOT leads profitability with a 15.4% profit margin vs 2.3%. Z appears more attractively valued with a PEG of 0.93. SPOT earns a higher WallStSmart Score of 64/100 (C+).

SPOT

Buy

64

out of 100

Grade: C+

Growth: 8.0Profit: 8.5Value: 3.3Quality: 8.0
Piotroski: 4/9Altman Z: 2.66

Z

Buy

61

out of 100

Grade: C+

Growth: 8.0Profit: 4.5Value: 6.0Quality: 8.5
Piotroski: 4/9Altman Z: 3.98
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

SPOTSignificantly Overvalued (-64.9%)

Margin of Safety

-64.9%

Fair Value

$295.49

Current Price

$496.95

$201.46 premium

UndervaluedFair: $295.49Overvalued
ZUndervalued (+26.6%)

Margin of Safety

+26.6%

Fair Value

$62.24

Current Price

$30.31

$31.93 discount

UndervaluedFair: $62.24Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

SPOT4 strengths · Avg: 9.8/10
Return on EquityProfitability
33.8%10/10

Every $100 of equity generates 34 in profit

EPS GrowthGrowth
222.4%10/10

Earnings expanding 222.4% YoY

Debt/EquityHealth
0.0610/10

Conservative balance sheet, low leverage

Market CapQuality
$99.11B9/10

Large-cap with strong market position

Z6 strengths · Avg: 9.3/10
Price/BookValuation
1.5x10/10

Reasonable price relative to book value

EPS GrowthGrowth
533.0%10/10

Earnings expanding 533.0% YoY

Debt/EquityHealth
0.1010/10

Conservative balance sheet, low leverage

Altman Z-ScoreHealth
3.9810/10

Safe zone — low bankruptcy risk

PEG RatioValuation
0.938/10

Growing faster than its price suggests

Revenue GrowthGrowth
18.4%8/10

18.4% revenue growth

Areas to Watch

SPOT3 concerns · Avg: 4.0/10
PEG RatioValuation
1.634/10

Expensive relative to growth rate

P/E RatioValuation
32.5x4/10

Premium valuation, high expectations priced in

Price/BookValuation
10.4x4/10

Trading at 10.4x book value

Z3 concerns · Avg: 2.7/10
Return on EquityProfitability
1.4%3/10

ROE of 1.4% — below average capital efficiency

Profit MarginProfitability
2.3%3/10

2.3% margin — thin

P/E RatioValuation
128.1x2/10

Premium valuation, high expectations priced in

Comparative Analysis Report

WallStSmart Research

Bull Case : SPOT

The strongest argument for SPOT centers on Return on Equity, EPS Growth, Debt/Equity. Profitability is solid with margins at 15.4% and operating margin at 15.8%.

Bull Case : Z

The strongest argument for Z centers on Price/Book, EPS Growth, Debt/Equity. Revenue growth of 18.4% demonstrates continued momentum. PEG of 0.93 suggests the stock is reasonably priced for its growth.

Bear Case : SPOT

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

Bear Case : Z

The primary concerns for Z are Return on Equity, Profit Margin, P/E Ratio. A P/E of 128.1x leaves little room for execution misses. Thin 2.3% margins leave little buffer for downturns.

Key Dynamics to Monitor

SPOT profiles as a mature stock while Z is a growth play — different risk/reward profiles.

Z carries more volatility with a beta of 1.94 — expect wider price swings.

Z is growing revenue faster at 18.4% — sustainability is the question.

SPOT generates stronger free cash flow (845M), providing more financial flexibility.

Bottom Line

SPOT scores higher overall (64/100 vs 61/100), backed by strong 15.4% margins. Z offers better value entry with a 26.6% margin of safety. Both earn "Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

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

Spotify Technology SA

COMMUNICATION SERVICES · INTERNET CONTENT & INFORMATION · USA

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

Zillow Group Inc Class C

COMMUNICATION SERVICES · INTERNET CONTENT & INFORMATION · USA

Zillow Group, Inc., a digital real estate company, operates real estate brands on mobile apps and websites in the United States. The company is headquartered in Seattle, Washington.

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