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Tencent Music Entertainment Group
HKEX:1698

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Tencent Music Entertainment Group
HKEX:1698
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Price: 63.4 HKD -1.71% Market Closed
Market Cap: HK$217.6B

Relative Value

The Relative Value of one Tencent Music Entertainment Group stock under the Base Case scenario is 68.67 HKD. Compared to the current market price of 63.4 HKD, Tencent Music Entertainment Group is Undervalued by 8%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

Relative Value
Base Case
68.67 HKD
Undervaluation 8%
Relative Value
Price
Worst Case
Base Case
Best Case

Multiples Across Competitors

Competitors Multiples
Tencent Music Entertainment Group Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
CN
Tencent Music Entertainment Group
HKEX:1698
25.1B HKD 5.5 16.1 16.5 16.5
US
Netflix Inc
NASDAQ:NFLX
373B USD 8.3 34 12.5 28.3
US
Walt Disney Co
NYSE:DIS
195.4B USD 2 16 11.9 16.6
LU
Spotify Technology SA
NYSE:SPOT
86.4B USD 4.3 52.1 31 32.7
US
Warner Bros Discovery Inc
NASDAQ:WBD
67.6B USD 1.8 139.3 4.9 55.4
NL
Universal Music Group NV
AEX:UMG
36.1B EUR 2.5 6.7 7.7 7.7
US
TKO Group Holdings Inc
NYSE:TKO
41.1B USD 9.5 179.7 30.3 43.4
US
Live Nation Entertainment Inc
NYSE:LYV
32.7B USD 1.3 101.8 16.7 24.6
FR
Bollore SE
PAR:BOL
13.2B EUR 8.6 -7.8 -12.5 -11.9
US
Warner Music Group Corp
NASDAQ:WMG
15.7B USD 2.3 52.2 14 19.3
US
Endeavor Group Holdings Inc
NYSE:EDR
13.8B USD 1.9 -17.6 34.6 -207.1
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CN
Tencent Music Entertainment Group
HKEX:1698
Average EV/EBIT: 27.2
16.5
23%
0.7
US
Netflix Inc
NASDAQ:NFLX
28.3
20%
1.4
US
Walt Disney Co
NYSE:DIS
16.6
17%
1
LU
Spotify Technology SA
NYSE:SPOT
32.7
41%
0.8
US
Warner Bros Discovery Inc
NASDAQ:WBD
55.4
59%
0.9
NL
Universal Music Group NV
AEX:UMG
7.7
16%
0.5
US
TKO Group Holdings Inc
NYSE:TKO
43.4
35%
1.2
US
Live Nation Entertainment Inc
NYSE:LYV
24.6
13%
1.9
FR
Bollore SE
PAR:BOL
Negative Multiple: -11.9 N/A N/A
US
Warner Music Group Corp
NASDAQ:WMG
19.3
18%
1.1
US
Endeavor Group Holdings Inc
NYSE:EDR
Negative Multiple: -207.1 N/A N/A