XNYSTME
Market cap10bUSD
Dec 23, Last price
11.75USD
1D
-1.67%
1Q
-0.84%
IPO
-13.03%
Name
Tencent Music Entertainment Group
Chart & Performance
P/E
30.43
P/S
5.39
EPS
2.82
Div Yield, %
0.00%
Shrs. gr., 5y
0.06%
Rev. gr., 5y
7.89%
Revenues
27.75b
-2.07%
Net income
4.92b
+33.80%
CFO
7.34b
-1.92%
Dividend
May 31, 20240.137 USD/sh
Earnings
Mar 17, 2025
Profile
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.
Valuation
Title CNY in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY | FY | FY |
|---|---|---|---|---|---|---|---|---|
| 2023‑12 | 2022‑12 | 2021‑12 | 2020‑12 | 2019‑12 | 2018‑12 | 2017‑12 | 2016‑12 | |
| Income | ||||||||
Revenues | 27,752,000 -2.07% | 28,339,000 -9.30% | 31,244,000 7.17% | |||||
Cost of revenue | 22,975,000 | 27,703,000 | 30,866,000 | |||||
Unusual Expense (Income) | ||||||||
NOPBT | 4,777,000 | 636,000 | 378,000 | |||||
NOPBT Margin | 17.21% | 2.24% | 1.21% | |||||
Operating Taxes | 825,000 | 534,000 | 417,000 | |||||
Tax Rate | 17.27% | 83.96% | 110.32% | |||||
NOPAT | 3,952,000 | 102,000 | (39,000) | |||||
Net income | 4,920,000 33.80% | 3,677,000 21.39% | 3,029,000 -27.10% | |||||
Dividends | (74,000) | (88,000) | ||||||
Dividend yield | 1.11% | 1.53% | ||||||
Proceeds from repurchase of equity | (1,197,000) | (3,124,000) | (3,466,000) | |||||
BB yield | 16.77% | 46.66% | 60.18% | |||||
| Debt | ||||||||
Debt current | 115,000 | 123,000 | 92,000 | |||||
Long-term debt | 6,345,000 | 6,271,000 | 5,564,000 | |||||
Deferred revenue | 148,000 | 106,000 | 86,000 | |||||
Other long-term liabilities | 6,000 | 125,000 | ||||||
Net debt | (36,921,000) | (28,821,000) | (30,173,000) | |||||
| Cash flow | ||||||||
Cash from operating activities | 7,337,000 | 7,481,000 | 5,239,000 | |||||
CAPEX | (165,000) | (1,053,000) | (2,758,000) | |||||
Cash from investing activities | (1,863,000) | (1,446,000) | (5,999,000) | |||||
Cash from financing activities | (1,538,000) | (3,419,000) | (3,710,000) | |||||
FCF | 3,816,000 | (93,000) | (78,000) | |||||
| Balance | ||||||||
Cash | 23,541,000 | 20,883,000 | 20,426,000 | |||||
Long term investments | 19,840,000 | 14,332,000 | 15,403,000 | |||||
Excess cash | 41,993,400 | 33,798,050 | 34,266,800 | |||||
Stockholders' equity | 28,143,000 | 19,222,000 | 18,660,000 | |||||
Invested Capital | 35,255,000 | 35,578,000 | 37,602,000 | |||||
ROIC | 11.16% | 0.28% | ||||||
ROCE | 7.51% | 1.16% | 0.67% | |||||
| EV | ||||||||
Common stock shares outstanding | 1,584,193 | 1,617,254 | 1,681,523 | |||||
Price | 4.51 8.82% | 4.14 20.88% | 3.43 -64.40% | |||||
Market cap | 7,136,790 6.59% | 6,695,430 16.26% | 5,759,216 -64.37% | |||||
EV | (28,489,210) | (21,097,570) | (23,675,784) | |||||
EBITDA | 5,781,000 | 1,796,000 | 1,379,000 | |||||
EV/EBITDA | ||||||||
Interest | 124,000 | 108,000 | 121,000 | |||||
Interest/NOPBT | 2.60% | 16.98% | 32.01% | |||||