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Tencent Music Entertainment Group
NYSE:TME

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Tencent Music Entertainment Group Logo
Tencent Music Entertainment Group
NYSE:TME
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Price: 11.58 USD 2.75% Market Closed
Updated: Apr 19, 2024
Section:
 

Relative Value

The Relative Value of one TME stock under the Base Case scenario is 9.02 USD. Compared to the current market price of 11.58 USD, Tencent Music Entertainment Group is Overvalued by 22%.

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
9.02 USD
Overvaluation 22%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

5.2
P/S
P/S
Price to Sales
5.2
vs History
42
vs Industry
16
Median 3Y
3.1
Median 5Y
4.6
Industry
1.6
Forward
5
More Details
29.3
P/E
P/E
Price to Earnings
29.3
vs History
47
vs Industry
16
Median 3Y
22.3
Median 5Y
28.1
Industry
18.9
Forward
18.7
More Details
19.6
P/OCF
P/OCF
Price to OCF
19.6
vs History
49
vs Industry
19
Median 3Y
13.1
Median 5Y
19.5
Industry
11.7
More Details
19.6
P/FCFE
P/FCFE
Price to FCFE
19.6
vs History
53
vs Industry
21
Median 3Y
14.4
Median 5Y
20.5
Industry
16
More Details
2.6
P/B
P/B
Price to Book Value
2.6
vs History
46
vs Industry
27
Median 3Y
1.8
Median 5Y
2.3
Industry
1.8
More Details
4.6
EV/S
EV/S
Enterprise Value to Sales
4.6
vs History
42
vs Industry
17
Median 3Y
2.6
Median 5Y
3.9
Industry
1.6
Forward
4.4
More Details
12.9
EV/GP
EV/GP
Enterprise Value to Gross Profit
12.9
vs History
44
vs Industry
13
Median 3Y
7.8
Median 5Y
11.3
Industry
3.5
More Details
26.5
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
26.5
vs History
49
vs Industry
11
Median 3Y
19.3
Median 5Y
26.1
Industry
9.4
Forward
18.3
More Details
26.5
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
26.5
vs History
52
vs Industry
13
Median 3Y
20.2
Median 5Y
27.2
Industry
13.2
Forward
20.3
More Details
17.2
EV/OCF
EV/OCF
Enterprise Value to OCF
17.2
vs History
46
vs Industry
20
Median 3Y
10.9
Median 5Y
16.3
Industry
10.6
More Details
17.2
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
17.2
vs History
50
vs Industry
22
Median 3Y
12.2
Median 5Y
17.2
Industry
13.2
More Details
2.7
EV/IC
EV/IC
Enterprise Value to IC
2.7
vs History
46
vs Industry
23
Median 3Y
1.7
Median 5Y
2.4
Industry
1.5
More Details

Multiples Across Competitors

TME Competitors Multiples
Tencent Music Entertainment Group Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
CN
Tencent Music Entertainment Group
NYSE:TME
19.9B USD 5.2 29.3 26.5 26.5
US
Netflix Inc
NASDAQ:NFLX
264.2B USD 7.8 48.9 12.6 39
US
Walt Disney Co
NYSE:DIS
211.5B USD 2.4 70.8 16.2 25
LU
Spotify Technology SA
NYSE:SPOT
57.8B USD 4 -102 1 101.1 -466.2
NL
Universal Music Group NV
AEX:UMG
48.9B EUR 4.4 38.8 28.1 35.6
US
Live Nation Entertainment Inc
NYSE:LYV
21.2B USD 0.9 67.2 13 19.4
US
Warner Bros Discovery Inc
NASDAQ:WBD
20.4B USD 0.5 -6.5 2.5 -104.8
FR
Bollore SE
PAR:BOL
18.3B EUR 1.4 6.2 16.5 41.1
US
Warner Music Group Corp
NASDAQ:WMG
17.3B USD 2.7 37.6 16.7 22.8
US
Roku Inc
NASDAQ:ROKU
8.4B USD 2.4 -11.8 -17.3 -14.5
DE
Cts Eventim AG & Co KgaA
XETRA:EVD
7.9B EUR 3.4 28.8 12.8 15.7

See Also

Summary
TME intrinsic value, competitors valuation, and company profile.
DCF Valuation
TME stock valuation using Discount Cash Flow valuation method.
Relative Valuation
TME stock valuation using valuation multiples.
Wall Street Estimates
TME price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
TME stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
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