Tencent Music Entertainment Group(TME) Stock Research - Grey Stern Research
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Tencent Music Entertainment Group (TME) Stock Analysis

$14.09 (-2.36%)

TME Financial Performance


Use the table below to view Tencent Music Entertainment Group's financial profile. This data is gathers from the latest available financial statements. Annual data is taken from the trailing 12 months of statements. All numbers are reported in US Dollars and so any foreign currencies are converted to USD so comparison's can be done.

Based on Financial Statements from Q4 - 2023

Metric Value Ranking among Peers
Price $14.09 -
52 Week Low $5.70 -
52 Week High $15.77 -
Market Cap $24.3 Billion 4/13
Gross Margin 38% 10/13
Profit Margin 19% 2/13
EBITDA margin 25% 2/13
Q4 - 2023 Revenue $1.6 Billion 3/13
Q4 - 2023 Earnings $300.9 Million 2/13
Q4 - 2023 Free Cash Flow $417.5 Million 2/13
Trailing 4 Quarters Revenue $6.3 Billion 3/13
Trailing 4 Quarters Earnings $1.2 Billion 2/13
Quarterly Earnings Growth 14% 6/13
Annual Earnings Growth 13% 6/13
Quarterly Revenue Growth -2% 8/13
Annual Revenue Growth -6% 9/13
Cash On Hand $3.1 Billion 3/13
Short Term Debt $26.5 Million 9/13
Long Term Debt $1.4 Billion 5/13

Tencent Music Entertainment Group Financial Metrics


Financial metrics are a set of useful numbers that can give key performance indicators of a company. The various metrics can include information about profitability, growth, and debt load. When combined and use properly they can tell an analyst a compelling fact-based story of how the company is currently performing. To compare Tencent Music Entertainment Group's metrics versus it's peers make sure to run our peer analysis tool.

Valuation Metrics

Metric Value Ranking among Peers
PE 20.32 4/13
PS 16.65 1/13
PB 1.85 5/13
PC 7.78 6/13
Liabilities to Equity 0.33 9/13
ROA 0.02 5/13
ROE 0.02 7/13
Current Ratio 4.12 5/13
Quick Ratio 1.28 8/13
Long Term Debt to Equity 0.11 6/13
Debt to Equity 0.11 7/13
Burn Rate -389.28 13/13
Cash to Cap 0.13 8/13
CCR 1.39 3/13
EV to EBITDA -1.12 8/13
EV to Revenue -0.30 9/13

Company Details

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.

CEO: Mr. Cussion Kar Shun Pang

Website: https://www.tencentmusic.com

Address: 17/F, Malata Building, Kejizhongyi Road Shenzhen, GUANGDONG

Exchange: New York Stock Exchange

Industry: Internet Content & Information

Tencent Music Entertainment Group Peer Analysis


A useful and more reliable way of seeing the health of a company is to compare it to other companies operating in the same sector. Below is our list of companies which we rank are the closest peers to Tencent Music Entertainment Group. If you feel that peers should be added or removed from this list please contact us. To run an in-depth peer analysis which compares many financial metrics click on the link below.

Stock Ticker Market Cap
Snap Inc. SNAP $21.9 Billion
Baidu, Inc. BIDU $32.2 Billion
Autohome Inc. ATHM $3.0 Billion
Hello Group Inc. MOMO $1.2 Billion
JOYY Inc. YY $2.0 Billion
Yelp Inc. YELP $2.5 Billion
Twilio Inc. TWLO $10.1 Billion
Weibo Corporation WB $1.9 Billion
Pinterest, Inc. PINS $25.7 Billion
Spotify Technology S.A. SPOT $62.7 Billion
DouYu International Holdings Limited DOYU $561.8 Million
Zhihu Inc. ZH $320.0 Million
Run Peer Analysis
Income Statement
Balance Sheet
Cash Flow Statement
TME Income Statements
Quarter Year Revenue Earnings
Q4 2023 ¥ 6.9 Billion ¥1.3 Billion
Q1 2024 ¥ 6.8 Billion ¥1.4 Billion
Q3 2023 ¥ 6.6 Billion ¥1.2 Billion
Q2 2023 ¥ 7.3 Billion ¥1.3 Billion
Q1 2023 ¥ 7.0 Billion ¥1.1 Billion
Q4 2022 ¥ 7.4 Billion ¥1.2 Billion
Q3 2022 ¥ 7.4 Billion ¥1.1 Billion
Q2 2022 ¥ 6.9 Billion ¥856.0 Million

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TME Balance Sheets
Quarter Year Cash & Equivalents Total Assets Total Debt Total Equity
Q4 2023 ¥13.6 Billion ¥75.5 Billion ¥6.0 Billion ¥57.2 Billion
Q1 2024 ¥10.2 Billion ¥79.2 Billion ¥6.0 Billion ¥60.8 Billion
Q3 2023 ¥12.4 Billion ¥73.0 Billion ¥6.1 Billion ¥55.2 Billion
Q2 2023 ¥13.0 Billion ¥72.5 Billion ¥6.1 Billion ¥53.6 Billion
Q1 2023 ¥12.1 Billion ¥69.1 Billion ¥5.9 Billion ¥51.0 Billion
Q4 2022 ¥9.6 Billion ¥67.0 Billion ¥6.0 Billion ¥48.1 Billion
Q3 2022 ¥8.6 Billion ¥66.8 Billion ¥6.1 Billion ¥47.2 Billion
Q2 2022 ¥10.0 Billion ¥66.3 Billion ¥5.8 Billion ¥48.3 Billion

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TME Cash Flow Statements
Quarter Year freeCashFlow capitalExpenditure netChangeInCash
Q4 2023 ¥1.8 Billion -¥165.0 Million ¥1.2 Billion
Q1 2024 ¥2.7 Billion ¥0 -¥3.3 Billion
Q3 2023 ¥1.4 Billion ¥0 -¥569.0 Million
Q2 2023 ¥2.1 Billion ¥0 ¥821.0 Million
Q1 2023 ¥1.9 Billion ¥0 ¥2.6 Billion
Q4 2022 ¥2.5 Billion ¥0 ¥973.0 Million
Q3 2022 ¥1.3 Billion ¥0 -¥1.5 Billion
Q2 2022 ¥1.2 Billion ¥0 ¥1.7 Billion

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