Tencent Music Entertainment Group
NYSE:TME

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Tencent Music Entertainment Group
NYSE:TME
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Price: 18.175 USD 0.14%
Market Cap: 28B USD

Relative Value

The Relative Value of one TME stock under the Base Case scenario is 17.086 USD. Compared to the current market price of 18.175 USD, Tencent Music Entertainment Group is Overvalued by 6%.

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.

TME Relative Value
Base Case
17.086 USD
Overvaluation 6%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
17
vs Industry
13
Median 3Y
4.5
Median 5Y
4.1
Industry
1.5
Forward
6
vs History
73
vs Industry
17
Median 3Y
20.6
Median 5Y
20.6
Industry
17.1
Forward
21.2
vs History
26
vs Industry
21
Median 3Y
13.3
Median 5Y
13.1
Industry
11.1
vs History
33
vs Industry
23
Median 3Y
14.8
Median 5Y
15
Industry
15.6
vs History
23
vs Industry
24
Median 3Y
2
Median 5Y
1.9
Industry
1.8
vs History
17
vs Industry
15
Median 3Y
3.7
Median 5Y
3.5
Industry
1.6
Forward
5.3
vs History
28
vs Industry
14
Median 3Y
9.4
Median 5Y
8.9
Industry
3.6
vs History
42
vs Industry
14
Median 3Y
17
Median 5Y
17.2
Industry
8.9
Forward
14
vs History
50
vs Industry
17
Median 3Y
19.2
Median 5Y
19.2
Industry
12.7
Forward
13.9
vs History
25
vs Industry
21
Median 3Y
11
Median 5Y
10.8
Industry
10.7
vs History
30
vs Industry
24
Median 3Y
12
Median 5Y
12.5
Industry
12.6
vs History
23
vs Industry
19
Median 3Y
2
Median 5Y
1.9
Industry
1.5

Multiples Across Competitors

TME 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
NYSE:TME
27.8B USD 6.2 18.1 18.9 18.9
US
Netflix Inc
NASDAQ:NFLX
396.8B USD 9.2 38.2 14 31.8
US
Walt Disney Co
NYSE:DIS
202.2B USD 2.1 16.2 12.1 16.8
LU
Spotify Technology SA
NYSE:SPOT
124.7B USD 6.3 76 47.1 49.6
US
Warner Bros Discovery Inc
NASDAQ:WBD
73B USD 1.9 150.8 5.2 58.5
NL
Universal Music Group NV
AEX:UMG
40.1B EUR 2.6 7.1 8.5 8.5
US
TKO Group Holdings Inc
NYSE:TKO
38.3B USD 9 167.2 28.3 40.6
US
Live Nation Entertainment Inc
NYSE:LYV
32.4B USD 1.3 100.2 16.5 24.3
US
Roku Inc
NASDAQ:ROKU
16.3B USD 3.6 -593.6 -175.1 -126.2
FR
Bollore SE
PAR:BOL
12.9B EUR 8.3 -7.6 -11.9 -11.3
US
Warner Music Group Corp
NASDAQ:WMG
14.7B USD 2.2 40.4 14.2 20
P/E Multiple
Earnings Growth PEG
CN
Tencent Music Entertainment Group
NYSE:TME
Average P/E: 68.3
18.1
22%
0.8
US
Netflix Inc
NASDAQ:NFLX
38.2
25%
1.5
US
Walt Disney Co
NYSE:DIS
16.2
6%
2.7
LU
Spotify Technology SA
NYSE:SPOT
76
42%
1.8
US
Warner Bros Discovery Inc
NASDAQ:WBD
150.8
N/A N/A
NL
Universal Music Group NV
AEX:UMG
7.1
2%
3.6
US
TKO Group Holdings Inc
NYSE:TKO
167.2
435%
0.4
US
Live Nation Entertainment Inc
NYSE:LYV
100.2
7%
14.3
US
Roku Inc
NASDAQ:ROKU
Negative Multiple: -593.6 N/A N/A
FR
Bollore SE
PAR:BOL
Negative Multiple: -7.6
-39%
N/A
US
Warner Music Group Corp
NASDAQ:WMG
40.4
40%
1
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CN
Tencent Music Entertainment Group
NYSE:TME
Average EV/EBITDA: 18.3
18.9
22%
0.9
US
Netflix Inc
NASDAQ:NFLX
14
-7%
N/A
US
Walt Disney Co
NYSE:DIS
12.1
10%
1.2
LU
Spotify Technology SA
NYSE:SPOT
47.1
40%
1.2
US
Warner Bros Discovery Inc
NASDAQ:WBD
5.2
-26%
N/A
NL
Universal Music Group NV
AEX:UMG
8.5
16%
0.5
US
TKO Group Holdings Inc
NYSE:TKO
28.3
27%
1
US
Live Nation Entertainment Inc
NYSE:LYV
16.5
19%
0.9
US
Roku Inc
NASDAQ:ROKU
Negative Multiple: -175.1 N/A N/A
FR
Bollore SE
PAR:BOL
Negative Multiple: -11.9 N/A N/A
US
Warner Music Group Corp
NASDAQ:WMG
14.2
14%
1
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CN
Tencent Music Entertainment Group
NYSE:TME
Average EV/EBIT: 29.9
18.9
23%
0.8
US
Netflix Inc
NASDAQ:NFLX
31.8
25%
1.3
US
Walt Disney Co
NYSE:DIS
16.8
17%
1
LU
Spotify Technology SA
NYSE:SPOT
49.6
42%
1.2
US
Warner Bros Discovery Inc
NASDAQ:WBD
58.5
62%
0.9
NL
Universal Music Group NV
AEX:UMG
8.5
16%
0.5
US
TKO Group Holdings Inc
NYSE:TKO
40.6
36%
1.1
US
Live Nation Entertainment Inc
NYSE:LYV
24.3
14%
1.7
US
Roku Inc
NASDAQ:ROKU
Negative Multiple: -126.2 N/A N/A
FR
Bollore SE
PAR:BOL
Negative Multiple: -11.3 N/A N/A
US
Warner Music Group Corp
NASDAQ:WMG
20
18%
1.1