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: 18.675 USD -0.24%
Market Cap: 28.8B USD
Section:
 

Relative Value

The Relative Value of one TME stock under the Base Case scenario is hidden USD. Compared to the current market price of 18.675 USD, Tencent Music Entertainment Group is hidden .

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
HIDDEN
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Worst Case
Base Case
Best Case

Valuation Multiples

6.4
P/S
P/S
Price to Sales
6.4
vs History
15
vs Industry
13
Median 3Y
4.5
Median 5Y
4.1
Industry
1.5
Forward
6.2
More Details
18.8
P/E
P/E
Price to Earnings
18.8
vs History
69
vs Industry
17
Median 3Y
20.6
Median 5Y
20.6
Industry
17.3
Forward
22.7
More Details
19.7
P/OCF
P/OCF
Price to OCF
19.7
vs History
23
vs Industry
21
Median 3Y
13.3
Median 5Y
13.1
Industry
11.2
More Details
19.8
P/FCFE
P/FCFE
Price to FCFE
19.8
vs History
28
vs Industry
23
Median 3Y
14.8
Median 5Y
15
Industry
15.5
More Details
3
P/B
P/B
Price to Book Value
3
vs History
20
vs Industry
24
Median 3Y
2
Median 5Y
1.9
Industry
1.8
More Details
5.7
EV/S
EV/S
Enterprise Value to Sales
5.7
vs History
14
vs Industry
15
Median 3Y
3.7
Median 5Y
3.5
Industry
1.6
Forward
5.5
More Details
13
EV/GP
EV/GP
Enterprise Value to Gross Profit
13
vs History
26
vs Industry
14
Median 3Y
9.4
Median 5Y
8.9
Industry
3.6
More Details
19.7
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
19.7
vs History
36
vs Industry
14
Median 3Y
17
Median 5Y
17.2
Industry
8.9
Forward
14.7
More Details
19.7
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
19.7
vs History
44
vs Industry
17
Median 3Y
19.2
Median 5Y
19.2
Industry
12.7
Forward
14.7
More Details
17.5
EV/OCF
EV/OCF
Enterprise Value to OCF
17.5
vs History
22
vs Industry
21
Median 3Y
11
Median 5Y
10.8
Industry
10.8
More Details
17.4
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
17.4
vs History
26
vs Industry
24
Median 3Y
12
Median 5Y
12.5
Industry
12.8
More Details
3.2
EV/IC
EV/IC
Enterprise Value to IC
3.2
vs History
22
vs Industry
19
Median 3Y
2
Median 5Y
1.9
Industry
1.4
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
28.7B USD 6.4 18.8 19.7 19.7
US
Netflix Inc
NASDAQ:NFLX
434.5B USD 10 41.8 15.3 34.8
US
Walt Disney Co
NYSE:DIS
192.4B USD 2 15.5 11.6 16.1
LU
Spotify Technology SA
NYSE:SPOT
117.5B USD 6 72.2 44.3 46.7
US
Warner Bros Discovery Inc
NASDAQ:WBD
62.7B USD 1.6 128.8 4.7 52.6
NL
Universal Music Group NV
AEX:UMG
39.7B EUR 2.6 7.1 8.4 8.4
US
TKO Group Holdings Inc
NYSE:TKO
39.1B USD 9 170.8 28.9 41.4
US
Live Nation Entertainment Inc
NYSE:LYV
32.2B USD 1.3 99.8 16.4 24.1
FR
Bollore SE
PAR:BOL
13.1B EUR 8.5 -7.7 -12.2 -11.6
US
Warner Music Group Corp
NASDAQ:WMG
14.6B USD 2.2 40.4 14.1 19.8
US
Roku Inc
NASDAQ:ROKU
14.2B USD 3.1 -514.7 -149.6 -107.8
P/E Multiple
Earnings Growth PEG
CN
Tencent Music Entertainment Group
NYSE:TME
Average P/E: 66.1
18.8
23%
0.8
US
Netflix Inc
NASDAQ:NFLX
41.8
24%
1.7
US
Walt Disney Co
NYSE:DIS
15.5
6%
2.6
LU
Spotify Technology SA
NYSE:SPOT
72.2
41%
1.8
US
Warner Bros Discovery Inc
NASDAQ:WBD
128.8
N/A N/A
NL
Universal Music Group NV
AEX:UMG
7.1
3%
2.4
US
TKO Group Holdings Inc
NYSE:TKO
170.8
423%
0.4
US
Live Nation Entertainment Inc
NYSE:LYV
99.8
11%
9.1
FR
Bollore SE
PAR:BOL
Negative Multiple: -7.7
-39%
N/A
US
Warner Music Group Corp
NASDAQ:WMG
40.4
40%
1
US
Roku Inc
NASDAQ:ROKU
Negative Multiple: -514.7 N/A N/A
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CN
Tencent Music Entertainment Group
NYSE:TME
Average EV/EBITDA: 18.1
19.7
24%
0.8
US
Netflix Inc
NASDAQ:NFLX
15.3
-8%
N/A
US
Walt Disney Co
NYSE:DIS
11.6
9%
1.3
LU
Spotify Technology SA
NYSE:SPOT
44.3
39%
1.1
US
Warner Bros Discovery Inc
NASDAQ:WBD
4.7
-25%
N/A
NL
Universal Music Group NV
AEX:UMG
8.4
16%
0.5
US
TKO Group Holdings Inc
NYSE:TKO
28.9
27%
1.1
US
Live Nation Entertainment Inc
NYSE:LYV
16.4
20%
0.8
FR
Bollore SE
PAR:BOL
Negative Multiple: -12.2 N/A N/A
US
Warner Music Group Corp
NASDAQ:WMG
14.1
14%
1
US
Roku Inc
NASDAQ:ROKU
Negative Multiple: -149.6 N/A N/A
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CN
Tencent Music Entertainment Group
NYSE:TME
Average EV/EBIT: 29.3
19.7
25%
0.8
US
Netflix Inc
NASDAQ:NFLX
34.8
24%
1.4
US
Walt Disney Co
NYSE:DIS
16.1
18%
0.9
LU
Spotify Technology SA
NYSE:SPOT
46.7
40%
1.2
US
Warner Bros Discovery Inc
NASDAQ:WBD
52.6
46%
1.1
NL
Universal Music Group NV
AEX:UMG
8.4
17%
0.5
US
TKO Group Holdings Inc
NYSE:TKO
41.4
35%
1.2
US
Live Nation Entertainment Inc
NYSE:LYV
24.1
19%
1.3
FR
Bollore SE
PAR:BOL
Negative Multiple: -11.6 N/A N/A
US
Warner Music Group Corp
NASDAQ:WMG
19.8
17%
1.2
US
Roku Inc
NASDAQ:ROKU
Negative Multiple: -107.8 N/A N/A

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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