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Communication Services - Internet Content & Information - NYSE - CN
$ 12.75
-1.62 %
$ 8.92 B
Market Cap
21.98
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Apr, 8, 2025.

The intrinsic value of one TME stock under the worst case scenario is HIDDEN Compared to the current market price of 12.8 USD, Tencent Music Entertainment Group is HIDDEN

This DCF valuation model was last updated on Apr, 8, 2025.

The intrinsic value of one TME stock under the base case scenario is HIDDEN Compared to the current market price of 12.8 USD, Tencent Music Entertainment Group is HIDDEN

This DCF valuation model was last updated on Apr, 8, 2025.

The intrinsic value of one TME stock under the best case scenario is HIDDEN Compared to the current market price of 12.8 USD, Tencent Music Entertainment Group is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart TME

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$15.0$15.0$14.5$14.5$14.0$14.0$13.5$13.5$13.0$13.0$12.5$12.5$12.0$12.0$11.5$11.5$11.0$11.0$10.5$10.5$10.0$10.015 Oct15 OctNov '24Nov '2415 Nov15 NovDec '24Dec '2415 Dec15 DecJan '25Jan '2515 Jan15 JanFeb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '25
FINANCIALS
28.4 B REVENUE
2.34%
8.71 B OPERATING INCOME
43.75%
6.64 B NET INCOME
9.91%
10.3 B OPERATING CASH FLOW
40.04%
-6.82 B INVESTING CASH FLOW
-265.97%
-3.83 B FINANCING CASH FLOW
-149.02%
7.46 B REVENUE
6.32%
2.41 B OPERATING INCOME
12.36%
1.96 B NET INCOME
23.63%
2.48 B OPERATING CASH FLOW
14.55%
1.32 B INVESTING CASH FLOW
139.68%
-815 M FINANCING CASH FLOW
7.60%
Balance Sheet Tencent Music Entertainment Group
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Current Assets 34.5 B
Cash & Short-Term Investments 27.2 B
Receivables 3.51 B
Other Current Assets 3.83 B
Non-Current Assets 55.9 B
Long-Term Investments 29.9 B
PP&E 1.1 B
Other Non-Current Assets 24.9 B
30.08 %3.88 %4.23 %33.05 %27.54 %Total Assets$90.4b
Current Liabilities 16.6 B
Accounts Payable 9.03 B
Short-Term Debt 106 M
Other Current Liabilities 7.41 B
Non-Current Liabilities 4.17 B
Long-Term Debt 3.79 B
Other Non-Current Liabilities 377 M
43.60 %35.77 %18.30 %Total Liabilities$20.7b
EFFICIENCY
Earnings Waterfall Tencent Music Entertainment Group
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Revenue 28.4 B
Cost Of Revenue 16.4 B
Gross Profit 12 B
Operating Expenses 3.32 B
Operating Income 8.71 B
Other Expenses 2.07 B
Net Income 6.64 B
30b30b25b25b20b20b15b15b10b10b5b5b0028b(16b)12b(3b)9b(2b)7bRevenueRevenueCost Of RevenueCost Of RevenueGross ProfitGross ProfitOperating ExpensesOperating ExpensesOperating IncomeOperating IncomeOther ExpensesOther ExpensesNet IncomeNet Income
RATIOS
42.34% GROSS MARGIN
42.34%
30.67% OPERATING MARGIN
30.67%
23.39% NET MARGIN
23.39%
9.79% ROE
9.79%
7.35% ROA
7.35%
9.60% ROIC
9.60%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Tencent Music Entertainment Group
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12b12b10b10b8b8b6b6b4b4b2b2b00201720172018201820192019202020202021202120222022202320232024202420252025
Net Income 6.64 B
Depreciation & Amortization 720 M
Capital Expenditures 0
Stock-Based Compensation 681 M
Change in Working Capital 0
Others 2.95 B
Free Cash Flow 10.3 B
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Tencent Music Entertainment Group
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Wall Street analysts predict an average 1-year price target for TME of $14.6 , with forecasts ranging from a low of $12 to a high of $17 .
TME Lowest Price Target Wall Street Target
12 USD -5.88%
TME Average Price Target Wall Street Target
14.6 USD 14.16%
TME Highest Price Target Wall Street Target
17 USD 33.33%
Price
Max Price Target
Min Price Target
Average Price Target
1717161615151414131312121111101099May '24May '24Jul '24Jul '24Aug '24Aug '24Oct '24Oct '24Nov '24Nov '2420252025Feb '25Feb '25Apr '25Apr '25Jun '25Jun '25Jul '25Jul '25Aug '25Aug '25Oct '25Oct '25Nov '25Nov '2520262026Feb '26Feb '26Apr '26Apr '26
4. DIVIDEND ANALYSIS
0.00% DIVIDEND YIELD
0.18 USD DIVIDEND PER SHARE
Q1
Q2
Q3
Q4
0.2000.2000.1800.1800.1600.1600.1400.1400.1200.1200.1000.1000.0800.0800.0600.0600.0400.0400.0200.0200.0000.0000.1370.140.180.182024202420252025
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5. COMPETITION
slide 2 of 12
6. Ownership
Insider Ownership Tencent Music Entertainment Group
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Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
4 Stocks Raising Dividends by More Than 10% In a market where income-focused investors seek dividend reliability, four companies, from Wall Street heavyweights to international players, are stepping up with substantial payout hikes. JPMorgan Chase, Williams-Sonoma, Tencent Music Entertainment, and CareTrust REIT have each announced dividend increases of 10% or more, signaling financial strength and a strong commitment to shareholder returns. marketbeat.com - 3 weeks ago
Tencent Music: Seizing Opportunities In Music Business Amid Hurdles Tencent Music's 4Q24 shows strong growth in online music services but continued weakness in social entertainment, leading to a cautious stock outlook. Music subscription revenue grew 18% y/y, driven by increased paying users and ARPU, while social entertainment revenue declined 13% y/y. TME's valuation should focus on the music subscription segment, implying a 10% downside to $13/share, given the limited value of social entertainment. seekingalpha.com - 3 weeks ago
Why Tencent Music Entertainment Group Was Music to Investor Ears This Week The market very much liked what it heard coming from China's Tencent Music Entertainment Group (TME -1.96%) this week. A better-than-expected earnings report the company published on Tuesday was enough of a hit to rise the stock nearly 12% higher in price over the period, according to data compiled by S&P Global Market Intelligence. fool.com - 4 weeks ago
Tencent Music beats estimates as AI enhances user experience Tencent Music Entertainment Group shares surged following fourth-quarter earnings that exceeded expectations that reinforced its strategic focus on high-quality growth and artificial intelligence (AI) to enhance user engagement. Tencent Music's total revenue rose 8.2% year-over-year to RMB7.46 billion, exceeding consensus estimates by 2.2%. proactiveinvestors.com - 1 month ago
Tencent Music Entertainment Group (TME) Q4 2024 Earnings Call Transcript Tencent Music Entertainment Group (NYSE:TME ) Q4 2024 Earnings Conference Call March 18, 2025 7:00 AM ET Company Participants Millicent Tu - Head of Investor Relations Cussion Pang - Executive Chairman Ross Liang - Chief Executive Officer Shirley Hu - Chief Financial Officer Conference Call Participants Alicia Yap - Citi Lincoln Kong - Goldman Sachs Group, Inc. Fang Wei - Mizuho Securities Wei Xiong - UBS Alex Yao - JP Morgan Millicent Tu Good evening and good morning, and welcome to Tencent Music Entertainment Group's Fourth Quarter and Full Year 2024 Earnings Conference Call. I'm Millicent Tu. seekingalpha.com - 1 month ago
Tencent Music Entertainment beats quarterly revenue estimates Tencent Music Entertainment beat analysts' expectations for fourth-quarter revenue on Tuesday, backed by the strong growth of streaming services. reuters.com - 1 month ago
Cancer Grand Challenges Announces Seven New Challenges Representing Some of the Toughest Questions Facing Cancer Research Today BOSTON--(BUSINESS WIRE)--Cancer Grand Challenges announces seven new challenges representing some of the toughest questions facing cancer research today. businesswire.com - 1 month ago
TME vs. RELX: Which Stock Is the Better Value Option? Investors interested in stocks from the Internet - Content sector have probably already heard of Tencent Music Entertainment Group Sponsored ADR (TME) and RELX PLC (RELX). But which of these two stocks offers value investors a better bang for their buck right now? zacks.com - 4 months ago
TME or TTGT: Which Is the Better Value Stock Right Now? Investors interested in stocks from the Internet - Content sector have probably already heard of Tencent Music Entertainment Group Sponsored ADR (TME) and TechTarget (TTGT). But which of these two stocks offers value investors a better bang for their buck right now? zacks.com - 4 months ago
Here's Why Tencent Music Entertainment Group (TME) is Poised for a Turnaround After Losing -12.04% in 4 Weeks The heavy selling pressure might have exhausted for Tencent Music Entertainment Group (TME) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal. zacks.com - 5 months ago
Tencent Music Entertainment Group (TME) Q3 2024 Earnings Call Transcript Tencent Music Entertainment Group (NYSE:TME ) Q3 2024 Earnings Conference Call November 12, 2024 6:00 AM ET Company Participants Millicent Tu - Head of Investor Relations Cussion Pang - Executive Chairman Ross Liang - Chief Executive Officer Shirley Hu - Chief Financial Officer Conference Call Participants Yang Liu - Morgan Stanley Lincoln Kong - Goldman Sachs Group, Inc. Alicia Yap - Citigroup Inc. Lei Zhang - Bank of America Merrill Lynch Fang Wei - Mizuho Securities USA Wei Xiong - UBS Maggie Ye - CLSA Thomas Chong - Jefferies Millicent Tu Good evening, good morning, and welcome to Tencent Music Entertainment Group's Third Quarter 2024 Earnings Conference Call. I'm Millicent Tu, Head of IR. seekingalpha.com - 5 months ago
Tencent Music users tune out of karaoke, live streaming services China's Spotify analogue Tencent Music Entertainment Group posted 6.8% increase in total revenues for the third quarter of 2024, hitting 7.02 billion Chinese yuan (around US$1 billion). TME attributed the increase to higher music subscriptions, although this was partially offset by lower revenues from “social entertainment services and others”. proactiveinvestors.com - 5 months ago
8. Profile Summary

Tencent Music Entertainment Group TME

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COUNTRY CN
INDUSTRY Internet Content & Information
MARKET CAP $ 8.92 B
Dividend Yield 0.00%
Description Tencent Music Entertainment Group operates online music entertainment platforms to provide music streaming, online karaoke, and live streaming services in the People's Republic of China. It offers QQ Music, Kugou Music, and Kuwo Music that enable users to discover and listen to music in personalized ways; and WeSing, which enables users to have fun by singing and interacting with friends, sharing their singing performances with friends, and discovering songs that others have sung. The company also operates Kugou Music, Kuwo Music, WeSing, QQ Music, Kugou Live, and Kuwo Live that provides an interactive online stage for performers and users to showcase their talent and engage with those interested in their performance; and Kuwo Changting, an audio platform that offers users various audio content, including audio books, cross-talks, radio dramas, and other entertainment. In addition, it sells music-related merchandise, including Kugou headsets, smart speakers, WeSing karaoke microphones, and Hi-Fi systems; and offers online music event ticketing services, as well as services to smart device and automobile makers to build and operate music services on devices and vehicles. Tencent Music Entertainment Group has a strategic partnership with China Literature. The company is headquartered in Shenzhen, China. Tencent Music Entertainment Group is a subsidiary of Tencent Holdings Limited.
Contact Building D, Shenzhen, 518057 https://www.tencentmusic.com
IPO Date Dec. 12, 2018
Employees 5185
Officers Mr. Zhu Liang Chief Executive Officer & Director Mr. Kar Shun Pang Executive Chairman Ms. Min Hu Chief Financial Officer & Director Millicent T. Head of IR