WallStSmart

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

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Spotify Technology SA generates 579% more annual revenue ($17.53B vs $2.58B). SPOT leads profitability with a 15.4% profit margin vs 0.9%. 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: 4.0Quality: 7.5
Piotroski: 4/9Altman Z: 2.66

Z

Hold

46

out of 100

Grade: D+

Growth: 5.3Profit: 3.0Value: 6.7Quality: 9.0
Piotroski: 4/9Altman Z: 3.94
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

SPOTSignificantly Overvalued (-44.3%)

Margin of Safety

-44.3%

Fair Value

$337.63

Current Price

$417.83

$80.20 premium

UndervaluedFair: $337.63Overvalued
ZUndervalued (+32.3%)

Margin of Safety

+32.3%

Fair Value

$67.39

Current Price

$41.43

$25.96 discount

UndervaluedFair: $67.39Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

SPOT4 strengths · Avg: 9.5/10
Return on EquityProfitability
38.0%10/10

Every $100 of equity generates 38 in profit

EPS GrowthGrowth
222.4%10/10

Earnings expanding 222.4% YoY

Market CapQuality
$87.44B9/10

Large-cap with strong market position

Debt/EquityHealth
0.289/10

Conservative balance sheet, low leverage

Z5 strengths · Avg: 8.8/10
Debt/EquityHealth
0.0210/10

Conservative balance sheet, low leverage

Altman Z-ScoreHealth
3.9410/10

Safe zone — low bankruptcy risk

PEG RatioValuation
0.938/10

Growing faster than its price suggests

Price/BookValuation
2.0x8/10

Reasonable price relative to book value

Revenue GrowthGrowth
18.1%8/10

18.1% revenue growth

Areas to Watch

SPOT3 concerns · Avg: 4.0/10
PEG RatioValuation
1.834/10

Expensive relative to growth rate

P/E RatioValuation
28.2x4/10

Moderate valuation

Price/BookValuation
8.8x4/10

Trading at 8.8x book value

Z4 concerns · Avg: 2.5/10
Return on EquityProfitability
0.5%3/10

ROE of 0.5% — below average capital efficiency

Profit MarginProfitability
0.9%3/10

0.9% margin — thin

P/E RatioValuation
485.3x2/10

Premium valuation, high expectations priced in

EPS GrowthGrowth
-25.0%2/10

Earnings declined 25.0%

Comparative Analysis Report

WallStSmart Research

Bull Case : SPOT

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

Bull Case : Z

The strongest argument for Z centers on Debt/Equity, Altman Z-Score, PEG Ratio. Revenue growth of 18.1% 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 485.3x leaves little room for execution misses. Thin 0.9% 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 2.04 — expect wider price swings.

Z is growing revenue faster at 18.1% — sustainability is the question.

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

Bottom Line

SPOT scores higher overall (64/100 vs 46/100), backed by strong 15.4% margins. Z offers better value entry with a 32.3% margin of safety. 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.

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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