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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: 14.34 USD -0.07% Market Closed
Updated: Jun 13, 2024
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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 11.82 USD. Compared to the current market price of 14.34 USD, Tencent Music Entertainment Group is Overvalued by 18%.

Key Points:
TME Intrinsic Value
Base Case
11.82 USD
Overvaluation 18%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
Tencent Music Entertainment Group

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Fundamental Analysis

Financials
Annual
Quarterly
TTM
Annual
Quarterly
TTM

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
Efficiency

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

Last Value
3-Years Average
FCF Margin
Conversion Rate
Fundamental Scores

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.

Positive Free Cash Flow
Positive Gross Profit
Positive Revenue Growth Forecast
Positive Net Income
54/100
Profitability
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.

Long-Term Solvency
Low D/E
Short-Term Solvency
Negative Net Debt
65/100
Solvency
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

Wall Street analysts forecast TME stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for TME is 15.98 USD with a low forecast of 8.48 USD and a high forecast of 19.95 USD.

Lowest
Price Target
8.48 USD
41% Downside
Average
Price Target
15.98 USD
11% Upside
Highest
Price Target
19.95 USD
39% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Shareholder Return

TME Price
Tencent Music Entertainment Group

1M 1M
-3%
6M 6M
+60%
1Y 1Y
+81%
3Y 3Y
-10%
5Y 5Y
+1%
10Y 10Y
+2%
Annual Price Range
14.34
52w Low
6.02
52w High
15.49
Price Metrics
Average Annual Return 0.82%
Standard Deviation of Annual Returns 51.34%
Max Drawdown -90%
Shares Statistics
Market Capitalization 24.6B USD
Shares Outstanding 1 716 080 000
Percentage of Shares Shorted 2.13%

TME Return Decomposition
Main factors of price return

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TME News

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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.

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Sentiment Analysis
Tencent Music Entertainment Group

Today
Last 7 Days 7D
Last 30 Days 30D
Last 90 Days 90D

Company Profile

Tencent Music Entertainment Group Logo
Tencent Music Entertainment Group

Country

China

Industry

Media

Market Cap

24.6B USD

Dividend Yield

0.95%

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

GUANGDONG
Shenzhen
Unit 3, Building D, Kexing Science Park, Kejizhongsan Avenue, Hi-Tech Park
+8675586013388.0
https://www.tencentmusic.com/

IPO

2018-12-12

Employees

4 769

Officers

Executive Chairman
Mr. Kar Shun Pang
CEO & Director
Mr. Zhu Liang
CFO & Director
Ms. Min Hu
Head of IR
Millicent T.
Group VP & Head of Content Cooperation Business
Mr. Tsai Chun Pan
Group Vice President & Head of Kugou Business Unit
Ms. Linlin Chen

See Also

Discover More
What is the Intrinsic Value of one TME stock?

The intrinsic value of one TME stock under the Base Case scenario is 11.82 USD.

Is TME stock undervalued or overvalued?

Compared to the current market price of 14.34 USD, Tencent Music Entertainment Group is Overvalued by 18%.