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: 18.23 USD -3.34% Market Closed
Market Cap: 28.1B USD
Section:
Relative Value
Relative Value
Valuation Multiples
Multiples Across Competitors
See Also

Relative Value

The Relative Value of one TME stock under the Base Case scenario is 13.77 USD. Compared to the current market price of 18.23 USD, Tencent Music Entertainment Group is Overvalued by 24%.

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
13.77 USD
Overvaluation 24%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

7
P/S
P/S
Price to Sales
7
vs History
3
vs Industry
13
Median 3Y
3.3
Median 5Y
4.1
Industry
1.5
Forward
6.4
More Details
21.2
P/E
P/E
Price to Earnings
21.2
vs History
47
vs Industry
17
Median 3Y
19.9
Median 5Y
21.3
Industry
18.2
Forward
23.3
More Details
20
P/OCF
P/OCF
Price to OCF
20
vs History
22
vs Industry
21
Median 3Y
12.5
Median 5Y
13.1
Industry
11.2
More Details
20
P/FCFE
P/FCFE
Price to FCFE
20
vs History
26
vs Industry
23
Median 3Y
13
Median 5Y
15
Industry
15.6
More Details
3
P/B
P/B
Price to Book Value
3
vs History
17
vs Industry
24
Median 3Y
1.8
Median 5Y
1.9
Industry
1.8
More Details
6.2
EV/S
EV/S
Enterprise Value to Sales
6.2
vs History
3
vs Industry
15
Median 3Y
2.7
Median 5Y
3.5
Industry
1.6
Forward
5.7
More Details
14.3
EV/GP
EV/GP
Enterprise Value to Gross Profit
14.3
vs History
14
vs Industry
14
Median 3Y
8.5
Median 5Y
8.9
Industry
3.5
More Details
22.8
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
22.8
vs History
28
vs Industry
14
Median 3Y
16.2
Median 5Y
17.2
Industry
8.9
Forward
15.6
More Details
22.8
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
22.8
vs History
30
vs Industry
17
Median 3Y
17
Median 5Y
19.2
Industry
12.6
Forward
15.9
More Details
17.6
EV/OCF
EV/OCF
Enterprise Value to OCF
17.6
vs History
22
vs Industry
21
Median 3Y
10.2
Median 5Y
10.8
Industry
10.8
More Details
17.6
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
17.6
vs History
25
vs Industry
24
Median 3Y
10.6
Median 5Y
12.5
Industry
13.4
More Details
3.2
EV/IC
EV/IC
Enterprise Value to IC
3.2
vs History
22
vs Industry
19
Median 3Y
1.7
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
Market Cap P/S P/E EV/EBITDA EV/EBIT
CN
Tencent Music Entertainment Group
NYSE:TME
28.1B USD 7 21.2 22.8 22.8
US
Netflix Inc
NASDAQ:NFLX
522.2B USD 13 56.3 19.6 47.3
US
Walt Disney Co
NYSE:DIS
217B USD 2.3 24.4 13.2 18.1
LU
Spotify Technology SA
NYSE:SPOT
147.9B USD 7.9 109.8 66.1 70.8
NL
Universal Music Group NV
AEX:UMG
49.1B EUR 4.1 23.5 23.2 28.6
US
TKO Group Holdings Inc
NYSE:TKO
33B USD 24.6 194.9 94.7 125.3
US
Live Nation Entertainment Inc
NYSE:LYV
33.6B USD 1.5 48.5 17.9 26.1
US
Warner Bros Discovery Inc
NASDAQ:WBD
25.7B USD 0.7 -2.4 2.8 69.8
FR
Bollore SE
PAR:BOL
14.9B EUR 4.8 8.2 11.1 -32.1
US
Endeavor Group Holdings Inc
NYSE:EDR
13.8B USD 1.9 -17.6 34.6 -207.1
US
Warner Music Group Corp
NASDAQ:WMG
13.7B USD 2.2 30.8 14.6 20.4
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CN
Tencent Music Entertainment Group
NYSE:TME
Average EV/EBIT: 47.7
22.8
23%
1
US
Netflix Inc
NASDAQ:NFLX
47.3
22%
2.2
US
Walt Disney Co
NYSE:DIS
18.1
19%
1
LU
Spotify Technology SA
NYSE:SPOT
70.8
42%
1.7
NL
Universal Music Group NV
AEX:UMG
28.6
18%
1.6
US
TKO Group Holdings Inc
NYSE:TKO
125.3
51%
2.5
US
Live Nation Entertainment Inc
NYSE:LYV
26.1
18%
1.5
US
Warner Bros Discovery Inc
NASDAQ:WBD
69.8
51%
1.4
FR
Bollore SE
PAR:BOL
Negative Multiple: -32.1 N/A N/A
US
Endeavor Group Holdings Inc
NYSE:EDR
Negative Multiple: -207.1 N/A N/A
US
Warner Music Group Corp
NASDAQ:WMG
20.4
11%
1.9

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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