tencent music entertainment group - TME

TME

Close Chg Chg %
11.45 0.06 0.52%

Closed Market

11.51

+0.06 (0.52%)

Volume: 6.38M

Last Updated:

Nov 21, 2024, 3:59 PM EDT

Company Overview: tencent music entertainment group - TME

TME Key Data

Open

$11.34

Day Range

11.26 - 11.73

52 Week Range

7.93 - 15.77

Market Cap

$8.00B

Shares Outstanding

699.71M

Public Float

693.71M

Beta

0.66

Rev. Per Employee

N/A

P/E Ratio

21.20

EPS

$0.54

Yield

116.17%

Dividend

$0.13

EX-DIVIDEND DATE

May 31, 2024

SHORT INTEREST

N/A

AVERAGE VOLUME

6.62M

 

TME Performance

1 Week
 
3.34%
 
1 Month
 
-0.44%
 
3 Months
 
11.72%
 
1 Year
 
33.02%
 
5 Years
 
-7.37%
 

TME Analyst Ratings

  • Sell
  • Under
  • Hold
  • Over
  • Buy
Number of Ratings 33
Full Ratings ➔

About tencent music entertainment group - TME

Tencent Music Entertainment Group engages in the business of operating online music entertainment platforms to provide music streaming, online karaoke, and live streaming services. Its product brands include QQ Music, Kugou Music, Kuwo Music, and WeSing. The company was founded on June 6, 2012 and is headquartered in Shenzhen, China.

TME At a Glance

Tencent Music Entertainment Group
Kexing Science Park, Hi-Tech Park
Shenzhen, Guangdong 518057
Phone 86-755-8601-3388 Revenue 3.92B
Industry Internet Software/Services Net Income 694.42M
Sector Technology Services Employees 5,185
Fiscal Year-end 12 / 2024
View SEC Filings

TME Valuation

P/E Current 21.201
P/E Ratio (with extraordinary items) N/A
P/E Ratio (without extraordinary items) 20.252
Price to Sales Ratio 3.644
Price to Book Ratio 1.751
Price to Cash Flow Ratio 13.767
Enterprise Value to EBITDA 14.689
Enterprise Value to Sales 3.06
Total Debt to Enterprise Value 0.071

TME Efficiency

Revenue/Employee 755,446.857
Income Per Employee 133,929.033
Receivables Turnover 8.97
Total Asset Turnover 0.386

TME Liquidity

Current Ratio 2.488
Quick Ratio 2.488
Cash Ratio 1.934

TME Profitability

Gross Margin 34.401
Operating Margin 17.213
Pretax Margin 21.325
Net Margin 17.728
Return on Assets 6.841
Return on Equity 9.383
Return on Total Capital 7.949
Return on Invested Capital 8.428

TME Capital Structure

Total Debt to Total Equity 10.818
Total Debt to Total Capital 9.762
Total Debt to Total Assets 7.999
Long-Term Debt to Equity 10.612
Long-Term Debt to Total Capital 9.576
  • Income Statement
  • Balance Sheet
  • Cash Flow Statement

Annual Financials for Tencent Music Entertainment Group - TME

Collapse All in section
All values USD millions. 2020 2021 2022 2023 5-year trend
Sales/Revenue
4.22B 4.84B 4.21B 3.92B
Sales Growth
+14.75% +14.70% -13.13% -6.93%
Cost of Goods Sold (COGS) incl D&A
2.91B 3.42B 2.94B 2.57B
COGS excluding D&A
- - - -
-
Depreciation & Amortization Expense
117.93M 155.21M 172.27M 141.71M
Depreciation
25.64M 34.42M 35.05M 31.47M
Amortization of Intangibles
92.29M 120.79M 137.22M 110.23M
COGS Growth
+18.39% +17.65% -14.04% -12.67%
Gross Income
1.31B 1.42B 1.27B 1.35B
Gross Income Growth
+7.43% +8.17% -10.93% +6.41%
Gross Profit Margin
+31.12% +29.35% +30.09% +34.40%
2020 2021 2022 2023 5-year trend
SG&A Expense
774.53M 1.00B 788.72M 673.25M
Research & Development
241.52M 362.67M 383.15M 356.39M
Other SG&A
533.02M 637.74M 405.57M 316.87M
SGA Growth
+18.27% +29.16% -21.16% -14.64%
Other Operating Expense
- - - -
-
Unusual Expense
579.52K (16.28M) (3.86M) 3.25M
EBIT after Unusual Expense
539.25M 437.56M 481.46M 670.99M
Non Operating Income/Expense
143.43M 151.49M 179.40M 181.79M
Non-Operating Interest Income
90.12M 82.18M 105.59M 148.48M
Equity in Earnings of Affiliates
- - - -
-
Interest Expense
14.34M 18.61M 17.08M 17.50M
Interest Expense Growth
+54.86% +29.72% -8.21% +2.48%
Gross Interest Expense
14.34M 18.61M 17.08M 17.50M
Interest Capitalized
- - - -
-
Pretax Income
668.33M 570.44M 643.78M 835.28M
Pretax Income Growth
+1.32% -14.65% +12.86% +29.75%
Pretax Margin
+15.82% +11.78% +15.30% +21.32%
Income Tax
66.07M 64.66M 79.30M 116.44M
Income Tax - Current - Domestic
91.85M 82.18M 89.70M 114.89M
Income Tax - Current - Foreign
- - - -
-
Income Tax - Deferred - Domestic
(25.79M) (17.52M) (10.40M) 1.55M
Income Tax - Deferred - Foreign
- - - -
-
Income Tax Credits
- - - -
-
Equity in Earnings of Affiliates
- - - -
-
Other After Tax Income (Expense)
- - - -
-
Consolidated Net Income
605.02M 498.50M 570.12M 736.76M
Minority Interest Expense
3.04M 28.84M 24.06M 42.34M
Net Income
601.98M 469.66M 546.06M 694.42M
Net Income Growth
+4.46% -21.98% +16.27% +27.17%
Net Margin Growth
+14.25% +9.69% +12.98% +17.73%
Extraordinaries & Discontinued Operations
- - - -
-
Discontinued Operations
- - - -
-
Net Income After Extraordinaries
601.98M 469.66M 546.06M 694.42M
Preferred Dividends
- - - -
-
Net Income Available to Common
601.98M 469.66M 546.06M 694.42M
EPS (Basic)
0.3633 0.2828 0.3409 0.4449
EPS (Basic) Growth
+3.15% -22.16% +20.54% +30.51%
Basic Shares Outstanding
1.66B 1.66B 1.60B 1.56B
EPS (Diluted)
0.3583 0.2793 0.3376 0.4383
EPS (Diluted) Growth
+4.07% -22.05% +20.87% +29.83%
Diluted Shares Outstanding
1.68B 1.68B 1.62B 1.58B
EBITDA
657.76M 576.49M 649.86M 815.95M
EBITDA Growth
+0.73% -12.36% +12.73% +25.56%
EBITDA Margin
+15.57% +11.90% +15.44% +20.83%

Snapshot

Average Recommendation OVERWEIGHT Average Target Price 103.012
Number of Ratings 33 Current Quarters Estimate 1.222
FY Report Date 12 / 2024 Current Year's Estimate 4.291
Last Quarter’s Earnings 1.01 Median PE on CY Estimate N/A
Year Ago Earnings 3.11 Next Fiscal Year Estimate 5.061
Median PE on Next FY Estimate N/A

Earnings Per Share

This Quarter Next Quarter This Fiscal Next Fiscal
# of Estimates 14 6 28 28
Mean Estimate 1.22 1.29 4.29 5.06
High Estimates 1.42 1.44 5.22 5.81
Low Estimate 1.04 1.21 3.84 4.40
Coefficient of Variance 9.23 6.05 8.09 8.09

Analysts Recommendations

Current 1 Month Ago 3 Months Ago
BUY 20 20 22
OVERWEIGHT 7 4 4
HOLD 6 6 4
UNDERWEIGHT 0 0 0
SELL 0 0 0
MEAN Overweight Overweight Buy

Tencent Music Entertainment Group in the News