NYSE: TMETencent Music Entertainment Group Stock
$12.78+0.25 (+2%)
Updated Oct 11, 2024
TME Price
$12.78
Fair Value Price
N/A
Market Cap
$33.22B
52 Week Low
$6.47
52 Week High
$15.77
P/E
25.87x
P/B
3.93x
P/S
9.68x
PEG
1.26x
Dividend Yield
N/A
Revenue
$3.78B
Earnings
$768.32M
Gross Margin
39.3%
Operating Margin
25.49%
Profit Margin
20.4%
Debt to Equity
0.32
Operating Cash Flow
$1B
Beta
0.78
Next Earnings
Nov 11, 2024
Ex-Dividend
N/A
Next Dividend
N/A
TME Overview
Tencent Music Entertainment Group operates online music entertainment platforms that provides 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 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. In addition, it sells music-related merchandise, including Kugou M1 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 CoMix Wave Films. The company was formerly known as China Music Corporation. The company was incorporated in 2012 and is headquartered in Shenzhen, China. Tencent Music Entertainment Group is a subsidiary of Tencent Holdings Limited.
Zen Score
–
Industry Average (26)
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Due Diligence Checks
TME ($12.78) is trading above its intrinsic value of $6.54, according to an updated version of Benjamin Graham's Formula from Chapter 11 of "The Intelligent Investor"
Below Benjamin Graham Formula Value Valuation
TME is good value based on its earnings relative to its share price (25.87x), compared to the US market average (27.31x)
P/E vs Market Valuation
TME is poor value based... subscribe to Premium to read more.
P/E vs Industry Valuation
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Valuation
TME price to earnings (PE)
For valuing profitable companies with steady earnings
Company
25.87x
Industry
24.67x
Market
27.31x
TME is poor value based... subscribe to Premium to read more.
P/E vs Industry Valuation
TME is good value based... subscribe to Premium to read more.
P/E vs Market Valuation
TME price to book (PB)
For valuing companies that are loss-making or have lots of physical asset
Company
3.93x
Industry
6.8x
TME is good value based... subscribe to Premium to read more.
P/B vs Industry Valuation
TME price to earnings growth (PEG)
For valuing profitable companies with growth potential
TME is poor value relative... subscribe to Premium to read more.
PEG Value Valuation
TME's financial health
Profit margin
Revenue
$986.2M
Net Income
$231.7M
Profit Margin
23.5%
TME's Earnings (EBIT) of $964.50M... subscribe to Premium to read more.
Interest Coverage Financials
TME's profit margin has increased... subscribe to Premium to read more.
Profit Margin Growth Financials
Assets to liabilities
Assets
$11.4B
Liabilities
$2.7B
Debt to equity
0.32
TME's short-term assets ($4.25B) exceed... subscribe to Premium to read more.
Short-term Liabilities Financials
TME's short-term assets ($4.25B) exceed... subscribe to Premium to read more.
Long-term Liabilities Financials
TME's debt has increased relative... subscribe to Premium to read more.
Shrinking Debt Financials
TME's debt to equity ratio... subscribe to Premium to read more.
Healthy Debt to Equity Financials
Cash flow
Operating
$405.5M
Investing
$95.5M
Financing
-$221.9M
TME's operating cash flow ($1.27B)... subscribe to Premium to read more.
Debt Coverage Financials
TME vs Internet Content & Information Stocks
Tencent Music Entertainment Group Stock FAQ
Company
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Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.