We have opened up this pitch to the public for marketing purposes.
We value the company based on a relative valuation of 16 x $1,807 million (Premium TTM Gross Margin) + 21.3 x $240 million (CLTV Added) = an EV of $34.1 billion. Assuming net cash of $3.9 billion, $38 billion / 205.5 million diluted shares = $185 per share.
We believe investors who have a time horizon of one year or more should BUY the stock now.
Please find our updated, 62-slide Spotify pitch below.
Spotify Pitch_- Perspectec – November 14th, 2018
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