WallStSmart

Spotify Technology SA (SPOT)vsZillow Group Inc (ZG)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Spotify Technology SA generates 545% more annual revenue ($18.11B vs $2.81B). SPOT leads profitability with a 18.4% profit margin vs 2.0%. ZG appears more attractively valued with a PEG of 0.92. SPOT earns a higher WallStSmart Score of 64/100 (C+).

SPOT

Buy

64

out of 100

Grade: C+

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

ZG

Buy

60

out of 100

Grade: C+

Growth: 8.0Profit: 4.0Value: 6.7Quality: 8.0
Piotroski: 4/9Altman Z: 3.98
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

SPOTSignificantly Overvalued (-58.4%)

Margin of Safety

-58.4%

Fair Value

$307.58

Current Price

$525.75

$218.17 premium

UndervaluedFair: $307.58Overvalued
ZGUndervalued (+90.0%)

Margin of Safety

+90.0%

Fair Value

$450.42

Current Price

$33.23

$417.19 discount

UndervaluedFair: $450.42Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

SPOT4 strengths · Avg: 9.8/10
Return on EquityProfitability
35.6%10/10

Every $100 of equity generates 36 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
$111.52B9/10

Large-cap with strong market position

ZG6 strengths · Avg: 8.8/10
EPS GrowthGrowth
533.0%10/10

Earnings expanding 533.0% YoY

Altman Z-ScoreHealth
3.9810/10

Safe zone — low bankruptcy risk

Debt/EquityHealth
0.139/10

Conservative balance sheet, low leverage

PEG RatioValuation
0.928/10

Growing faster than its price suggests

Price/BookValuation
1.7x8/10

Reasonable price relative to book value

Revenue GrowthGrowth
17.9%8/10

17.9% revenue growth

Areas to Watch

SPOT3 concerns · Avg: 4.0/10
PEG RatioValuation
1.594/10

Expensive relative to growth rate

P/E RatioValuation
29.4x4/10

Moderate valuation

Price/BookValuation
11.0x4/10

Trading at 11.0x book value

ZG4 concerns · Avg: 2.8/10
Return on EquityProfitability
1.4%3/10

ROE of 1.4% — below average capital efficiency

Profit MarginProfitability
2.0%3/10

2.0% margin — thin

Operating MarginProfitability
4.7%3/10

Operating margin of 4.7%

P/E RatioValuation
143.6x2/10

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 18.4% and operating margin at 13.7%. Revenue growth of 13.9% demonstrates continued momentum.

Bull Case : ZG

The strongest argument for ZG centers on EPS Growth, Altman Z-Score, Debt/Equity. Revenue growth of 17.9% demonstrates continued momentum. PEG of 0.92 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 : ZG

The primary concerns for ZG are Return on Equity, Profit Margin, Operating Margin. A P/E of 143.6x leaves little room for execution misses. Thin 2.0% margins leave little buffer for downturns.

Key Dynamics to Monitor

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

ZG carries more volatility with a beta of 1.98 — expect wider price swings.

ZG is growing revenue faster at 17.9% — sustainability is the question.

SPOT generates stronger free cash flow (910M), providing more financial flexibility.

Bottom Line

SPOT scores higher overall (64/100 vs 60/100), backed by strong 18.4% margins and 13.9% revenue growth. ZG offers better value entry with a 90.0% 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

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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