Tencent Music Entertainment Group
NYSE:TME

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Tencent Music Entertainment Group
NYSE:TME
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Price: 14.165 USD -3.7%
Market Cap: 23.9B USD
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Relative Value

The Relative Value of one TME stock under the Base Case scenario is 12.697 USD. Compared to the current market price of 14.165 USD, Tencent Music Entertainment Group is Overvalued by 10%.

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
12.697 USD
Overvaluation 10%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

6.1
P/S
P/S
Price to Sales
6.1
vs History
14
vs Industry
12
Median 3Y
3.3
Median 5Y
4.5
Industry
1.4
Forward
5.5
More Details
26.1
P/E
P/E
Price to Earnings
26.1
vs History
38
vs Industry
13
Median 3Y
22.1
Median 5Y
24.4
Industry
17.9
Forward
19
More Details
16.9
P/OCF
P/OCF
Price to OCF
16.9
vs History
38
vs Industry
16
Median 3Y
13.1
Median 5Y
14.3
Industry
11.2
More Details
16.9
P/FCFE
P/FCFE
Price to FCFE
16.9
vs History
47
vs Industry
18
Median 3Y
13.9
Median 5Y
16.5
Industry
15.9
More Details
2.8
P/B
P/B
Price to Book Value
2.8
vs History
26
vs Industry
20
Median 3Y
1.9
Median 5Y
2.2
Industry
1.7
More Details
5.7
EV/S
EV/S
Enterprise Value to Sales
5.7
vs History
14
vs Industry
11
Median 3Y
2.8
Median 5Y
3.9
Industry
1.5
Forward
4.9
More Details
12.8
EV/GP
EV/GP
Enterprise Value to Gross Profit
12.8
vs History
28
vs Industry
9
Median 3Y
8.8
Median 5Y
10.1
Industry
3.2
More Details
21
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
21
vs History
41
vs Industry
10
Median 3Y
17.9
Median 5Y
19.8
Industry
8.6
Forward
14.6
More Details
21
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
21
vs History
49
vs Industry
11
Median 3Y
18.9
Median 5Y
21.9
Industry
12.3
Forward
16.4
More Details
15
EV/OCF
EV/OCF
Enterprise Value to OCF
15
vs History
39
vs Industry
16
Median 3Y
10.8
Median 5Y
12.5
Industry
10.4
More Details
15
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
15
vs History
47
vs Industry
19
Median 3Y
11.8
Median 5Y
13.9
Industry
13.3
More Details
3
EV/IC
EV/IC
Enterprise Value to IC
3
vs History
30
vs Industry
21
Median 3Y
1.8
Median 5Y
2.1
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
23.9B USD 6.1 26.1 21 21
US
Netflix Inc
NASDAQ:NFLX
410.5B USD 10.5 47.1 15.9 39.8
US
Walt Disney Co
NYSE:DIS
184.4B USD 2 32.8 12 16.7
LU
Spotify Technology SA
NYSE:SPOT
121.3B USD 7.1 97.5 69.1 75
NL
Universal Music Group NV
AEX:UMG
46.3B EUR 4 29.9 30.5 30.5
US
Live Nation Entertainment Inc
NYSE:LYV
28.8B USD 1.2 45.2 15.9 22.8
US
Warner Bros Discovery Inc
NASDAQ:WBD
26.4B USD 0.7 -2.3 2.8 101.1
US
TKO Group Holdings Inc
NYSE:TKO
25.5B USD 19.1 150.9 73.2 96.9
US
Warner Music Group Corp
NASDAQ:WMG
16.9B USD 2.7 33.7 16.7 23
FR
Bollore SE
PAR:BOL
15.4B EUR 0.9 3.9 7 22.6
US
Endeavor Group Holdings Inc
NYSE:EDR
13.5B USD 1.9 -17.3 34.2 -204.4

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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