Tencent Music Entertainment Group
NYSE:TME
| US |
|
Johnson & Johnson
NYSE:JNJ
|
Pharmaceuticals
|
| US |
|
Berkshire Hathaway Inc
NYSE:BRK.A
|
Financial Services
|
| US |
|
Bank of America Corp
NYSE:BAC
|
Banking
|
| US |
|
Mastercard Inc
NYSE:MA
|
Technology
|
| US |
|
Abbvie Inc
NYSE:ABBV
|
Biotechnology
|
| US |
|
Pfizer Inc
NYSE:PFE
|
Pharmaceuticals
|
| US |
|
Palantir Technologies Inc
NYSE:PLTR
|
Technology
|
| US |
|
Nike Inc
NYSE:NKE
|
Textiles, Apparel & Luxury Goods
|
| US |
|
Visa Inc
NYSE:V
|
Technology
|
| CN |
|
Alibaba Group Holding Ltd
NYSE:BABA
|
Retail
|
| US |
|
3M Co
NYSE:MMM
|
Industrial Conglomerates
|
| US |
|
JPMorgan Chase & Co
NYSE:JPM
|
Banking
|
| US |
|
Coca-Cola Co
NYSE:KO
|
Beverages
|
| US |
|
Realty Income Corp
NYSE:O
|
Real Estate
|
| US |
|
Walt Disney Co
NYSE:DIS
|
Media
|
| US |
|
PayPal Holdings Inc
NASDAQ:PYPL
|
Technology
|
If you don’t study any companies, you have the same success buying stocks as you do in a poker game if you bet without looking at your cards.
Utilize notes to systematically review your investment decisions. By reflecting on past outcomes, you can discern effective strategies and identify those that underperformed. This continuous feedback loop enables you to adapt and refine your approach, optimizing for future success.
Each note serves as a learning point, offering insights into your decision-making processes. Over time, you'll accumulate a personalized database of knowledge, enhancing your ability to make informed decisions quickly and effectively.
With a comprehensive record of your investment history at your fingertips, you can compare current opportunities against past experiences. This not only bolsters your confidence but also ensures that each decision is grounded in a well-documented rationale.
Do you really want to delete this note?
This action cannot be undone.
| 52 Week Range |
6.02
15.49
|
| Price Target |
|
We'll email you a reminder when the closing price reaches USD.
Choose the stock you wish to monitor with a price alert.
|
|
Johnson & Johnson
NYSE:JNJ
|
US |
|
|
Berkshire Hathaway Inc
NYSE:BRK.A
|
US |
|
|
Bank of America Corp
NYSE:BAC
|
US |
|
|
Mastercard Inc
NYSE:MA
|
US |
|
|
Abbvie Inc
NYSE:ABBV
|
US |
|
|
Pfizer Inc
NYSE:PFE
|
US |
|
|
Palantir Technologies Inc
NYSE:PLTR
|
US |
|
|
Nike Inc
NYSE:NKE
|
US |
|
|
Visa Inc
NYSE:V
|
US |
|
|
Alibaba Group Holding Ltd
NYSE:BABA
|
CN |
|
|
3M Co
NYSE:MMM
|
US |
|
|
JPMorgan Chase & Co
NYSE:JPM
|
US |
|
|
Coca-Cola Co
NYSE:KO
|
US |
|
|
Realty Income Corp
NYSE:O
|
US |
|
|
Walt Disney Co
NYSE:DIS
|
US |
|
|
PayPal Holdings Inc
NASDAQ:PYPL
|
US |
This alert will be permanently deleted.
Tencent Music Entertainment Group
Intrinsic Value
Tencent Music Entertainment Group engages in the operation of an online music entertainment platform. [ Read More ]
The intrinsic value of one
TME
stock under the Base Case scenario is
12.18
USD.
Compared to the current market price of 14.09 USD,
Tencent Music Entertainment Group
is
Overvalued by 14%.
Tencent Music Entertainment Group's market capitalization is 24.2B USD.
TME stock price is 14.09 USD.
TME stock (12.18 USD) is 14% less than its price (14.09 USD).
TME stock (11.3 USD) is 20% less than its price (14.09 USD). Open Relative Valuation
TME has upside potential of 15% compared to the average analyst price target.
Open Wall St Estimates
TME's ROE (Return on Equity) for the past 12 months is positive and is equal to 10%.
TME's ROIC (Return on Invested Capital) has decreased in the last 3 years from 9% to 9%.
TME's ROIC (Return on Invested Capital) for the past 12 months is positive and is equal to 9%.
TME's ROE (Return on Equity) has increased in the last 3 years from 8% to 10%.
TME has positive Operating Income for the last twelve months.
TME's Revenue has dropped by 4% over the past 12 months.
TME has positive Net Income for the last twelve months.
TME has positive three-year average ROE (Return on Equity): 8%. The company is efficient at transforming stockholders' equity into net income.
TME's Revenue has been falling by 4% per year for the last 3 years.
TME's Revenue is forecast to grow at a rate of 10% per year over the next 3 years.
TME has positive three-year average ROIC (Return on Invested Capital): 7%. The company is efficient at using invested capital to generate operating income.
TME has positive Gross Profit for the last twelve months.
TME has negative Net Debt. This means that the company has more cash and short-term investments (10B CNY) than debt (6B CNY).
TME's Altman Z-Score is equal to 1.8.
TME's short-term assets (30B CNY) exceed its short-term liabilties (12B CNY).
TME has positive Free Cash Flow for the last twelve months.
TME's D/E (Debt to Equity) is very low and is equal to 0.11.
TME's long-term assets (76B CNY) exceed its long-term liabilties (20B CNY).
Valuation Backtest
Tencent Music Entertainment Group
Run backtest to discover the historical profit from buying and selling
TME
stocks based on their intrinsic value.
Analyze the historical link between intrinsic value and market price to make more informed investment decisions.
Fundamental Analysis
Strong Q1 for Tencent Music with Revenue and Subscriber Growth
Earnings Call Summary
Tencent Music announced a robust start to 2024 with first-quarter revenues of RMB 6.8 billion, though down 3% year-over-year. Online music revenue surged by 43% to RMB 5 billion, driven by a 39% increase in music subscription revenues and strong growth in advertising. The net profit increased by 28% year-over-year to RMB 1.5 billion. Subscriber growth was impressive with 6.8 million net new adds, reaching 113.5 million paying users. The company also declared USD 210 million in cash dividends for 2023. Looking ahead, Tencent Music expects continued growth in subscription and advertising revenues, and slight ARPPU growth in the latter half of the year.
Balance Sheet Decomposition
Tencent Music Entertainment Group
| Current Assets | 29.9B |
| Cash & Short-Term Investments | 10B |
| Receivables | 2.9B |
| Other Current Assets | 17B |
| Non-Current Assets | 45.6B |
| Long-Term Investments | 11.1B |
| PP&E | 3.3B |
| Intangibles | 21.6B |
| Other Non-Current Assets | 9.6B |
| Current Liabilities | 12B |
| Accounts Payable | 5B |
| Other Current Liabilities | 7B |
| Non-Current Liabilities | 7.6B |
| Long-Term Debt | 5.9B |
| Other Non-Current Liabilities | 1.7B |
Earnings Waterfall
Tencent Music Entertainment Group
|
Revenue
|
27.5B
CNY
|
|
Cost of Revenue
|
-17.3B
CNY
|
|
Gross Profit
|
10.3B
CNY
|
|
Operating Expenses
|
-4.9B
CNY
|
|
Operating Income
|
5.3B
CNY
|
|
Other Expenses
|
-132m
CNY
|
|
Net Income
|
5.2B
CNY
|
Free Cash Flow Analysis
Tencent Music Entertainment Group
| CNY | |
| Free Cash Flow | CNY |
TME Profitability Score
Profitability Due Diligence
Tencent Music Entertainment Group's profitability score is 54/100. The higher the profitability score, the more profitable the company is.
Score
Tencent Music Entertainment Group's profitability score is 54/100. The higher the profitability score, the more profitable the company is.
TME Solvency Score
Solvency Due Diligence
Tencent Music Entertainment Group's solvency score is 65/100. The higher the solvency score, the more solvent the company is.
Score
Tencent Music Entertainment Group's solvency score is 65/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
TME Price Targets Summary
Tencent Music Entertainment Group
According to Wall Street analysts, the average 1-year price target for
TME
is 16.19 USD
with a low forecast of 8.48 USD and a high forecast of 19.95 USD.
Click here to dive deeper.
Price Appreciation
TME Price
Tencent Music Entertainment Group
| Average Annual Return | 0.48% |
| Standard Deviation of Annual Returns | 51.46% |
| Max Drawdown | -90% |
| Market Capitalization | 24.2B USD |
| Shares Outstanding | 1 716 077 100 |
| Percentage of Shares Shorted | 2.13% |
TME News
Last Important Events
Tencent Music Entertainment Group
Significant happenings or occurrences that are of interest to investors. These could be company-specific developments or market-wide shifts.
Sentiment Analysis
Tencent Music Entertainment Group
Company Profile
Tencent Music Entertainment Group
Country
Industry
Market Cap
Dividend Yield
Description
Tencent Music Entertainment Group engages in the operation of an online music entertainment platform. The company is headquartered in Shenzhen, Guangdong. The company went IPO on 2018-12-12. The firm's platform comprises online music, online karaoke and music-centric live streaming services, supported by content offerings, technology and data. The firm's main platform includes QQ Music, Kugou Music, Kuwo Music, WeSing, Kugou Live, Kuwo Live and others.
Contact
IPO
Employees
Officers
The intrinsic value of one
TME
stock under the Base Case scenario is
12.18
USD.
Compared to the current market price of 14.09 USD,
Tencent Music Entertainment Group
is
Overvalued by 14%.
You don't have any saved screeners yet
