NYSE:TME (China)
Business Description
Tencent Music Entertainment Group
Kexing Science Park, Kejizhongsan Avenue, Unit 3, Building D, Hi-Tech Park, Nanshan District, Midwest District of Hi-tech Park, Nanshan District, Shenzhen, CHN, 518057
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Traded in other countries / regions
63TA.Germany
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TME.Mexico
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0A2Z.UK
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TME.USA
Description
TME is the largest online music service provider in China. It was founded in 2016 with the business combination of QQ Music (founded in 2005), Kuwo Music (founded in 2005) and Kugou Music (founded in 2004) streaming platforms. Tencent is the largest shareholder of TME with over 50% shares and over 90% voting rights held. TME also provides social entertainment services, including music live audio/video broadcasts and online concert services through the three platforms mentioned above, and online karaoke through an independent platform WeSing.
Financial Strength
8/10
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
| Cash-To-Debt | 3.76 | |||||
| Equity-to-Asset | 0.73 | |||||
| Debt-to-Equity | 0.11 | |||||
| Debt-to-EBITDA | 1.59 | |||||
| Interest Coverage | 22.82 | |||||
| Piotroski F-Score | 5/9 | |||||
| Altman Z-Score | 2.89 | |||||
| Beneish M-Score | -2.77 | |||||
| WACC vs ROIC | ||||||
Growth Rank
9/10
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
| 3-Year Revenue Growth Rate | 18.7 | |||||
| 3-Year EBITDA Growth Rate | 26.2 | |||||
| 3-Year EPS without NRI Growth Rate | 18.7 | |||||
| 3-Year FCF Growth Rate | -22.8 | |||||
| 3-Year Book Growth Rate | 11.6 | |||||
| Future 3-5Y EPS without NRI Growth Rate Industry Rank | 9.32 | |||||
| Future 3-5Y Total Revenue Growth Rate Industry Rank | -4.15 |
Momentum Rank
1/10
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
| 5-Day RSI | 64.84 | |||||
| 9-Day RSI | 54.51 | |||||
| 14-Day RSI | 50.98 | |||||
| 6-1 Month Momentum % | -25.75 | |||||
| 12-1 Month Momentum % | -55.52 |
Liquidity Ratio
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
| Current Ratio | 2.28 | |||||
| Quick Ratio | 2.28 | |||||
| Cash Ratio | 1.81 | |||||
| Days Inventory | 0.39 | |||||
| Days Sales Outstanding | 34.44 | |||||
| Days Payable | 76.38 |
Dividend & Buy Back
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
| 3-Year Average Share Buyback Ratio | -1.3 |
Profitability Rank
7/10
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
| Gross Margin % | 29.26 | |||||
| Operating Margin % | 9.04 | |||||
| Net Margin % | 9.02 | |||||
| ROE % | 5.38 | |||||
| ROA % | 4.05 | |||||
| ROIC % | 5.73 | |||||
| ROC (Joel Greenblatt) % | 669.33 | |||||
| ROCE % | 5.95 | |||||
| Years of Profitability over Past 10-Year | 6 |
GF Value Rank
2/10
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
| PE Ratio | 17.64 | |||||
| Forward PE Ratio | 14.04 | |||||
| PE Ratio without NRI | 17.64 | |||||
| Price-to-Owner-Earnings | 17.85 | |||||
| PEG Ratio | 0.27 | |||||
| PS Ratio | 1.56 | |||||
| PB Ratio | 0.98 | |||||
| Price-to-Tangible-Book | 1.97 | |||||
| Price-to-Free-Cash-Flow | 8 | |||||
| Price-to-Operating-Cash-Flow | 8 | |||||
| EV-to-EBIT | 10.02 | |||||
| EV-to-Forward-EBIT | 11.33 | |||||
| EV-to-EBITDA | 10.02 | |||||
| EV-to-Forward-EBITDA | 13.03 | |||||
| EV-to-Revenue | 1.13 | |||||
| EV-to-Forward-Revenue | 1.31 | |||||
| EV-to-FCF | 5.78 | |||||
| Price-to-Peter-Lynch-Fair-Value | 0.62 | |||||
| Price-to-Graham-Number | 1.24 | |||||
| Price-to-Net-Current-Asset-Value | 6.13 | |||||
| Price-to-Net-Cash | 19.17 | |||||
| Earnings Yield (Greenblatt) % | 9.98 |
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Executives
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Analyst Estimate
Key Statistics
| Name | Value | ||
|---|---|---|---|
| Revenue (TTM) (Mil $) | 4,696.791 | ||
| EPS (TTM) ($) | 0.25 | ||
| Beta | 0.48 | ||
| Volatility % | 38.81 | ||
| 14-Day RSI | 50.98 | ||
| 14-Day ATR ($) | 0.269491 | ||
| 20-Day SMA ($) | 4.347 | ||
| 12-1 Month Momentum % | -55.52 | ||
| 52-Week Range ($) | 2.95 - 10.09 | ||
| Shares Outstanding (Mil) | 1,695.08 |
Piotroski F-Score Details
Year:
| Component | Result | ||
|---|---|---|---|
| Piotroski F-Score | 5 | ||
| Positive ROA | |||
| Positive CFROA | |||
| Higher ROA yoy | |||
| CFROA > ROA | |||
| Lower Leverage yoy | |||
| Higher Current Ratio yoy | |||
| Less Shares Outstanding yoy | |||
| Higher Gross Margin yoy | |||
| Higher Asset Turnover yoy |
Tencent Music Entertainment Group Filings
| Document | Form | Filing Date | ||
|---|---|---|---|---|
| No Filing Data | ||||