Is Spotify's Recent Share Price Undervalued?

Spotify Technology's current share price of $498.64 reflects a 1.9% decline over 7 days, a 13.9% decline over 30 days, a 13.3% decline year to date, a 0.6% decline over 1 year, a 4x gain over 3 years, and a 53.2% gain over 5 years. Our valuation checks give Spotify a 4 out of 6 score, suggesting some measures point to undervaluation while others are more balanced. The DCF model estimates an intrinsic value of €821.97 per share, implying a 39.3% discount to the recent share price, making the shares undervalued.