Tencent Music Entertainment Group (TME)
Full history for every metric is available with a Kvantra account
No price history available.
Key financial summary
Financials in CNY| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Total revenue | CNY bn | 29 | 31 | 28 | 28 | 28 | 33 | 33 | 35 |
| Operating profit | CNY bn | 10 | 11 | ||||||
| Net profit | CNY bn | 4 | 3 | 4 | 5 | 7 | 11 | 9 | 9 |
| EPS reported | CNY | 6.92 | 5.50 | ||||||
| Operating cashflow per share | CNY | 6.62 | 6.65 | ||||||
| Capex per share | CNY | 0.19 | 1.68 | ||||||
| FCF per share | CNY | 6.43 | 4.97 | ||||||
| Free cash flow | CNY bn | 10 | 9 | ||||||
| Net debt | CNY bn | -21 | -14 | ||||||
| Book value equity | CNY bn | 80 | 78 | ||||||
| Book value per share | CNY | 51.68 | 50.31 | ||||||
| Number of shares | m | 1,554.4 | 1,555.68 | ||||||
| DPS (TTM paid) | CNY | 1.65 | 1.65 |
Financial summary
Financials in CNY| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Value | |||||||||
| P/E TTM | x | 17.72 | 10.79 | ||||||
| P/B LTM | x | 2.34 | 2.40 | ||||||
| P/S LTM | x | 5.71 | 5.70 | ||||||
| P/FCF LTM | x | 19.06 | 21.17 | ||||||
| EV/EBITDA LTM | x | 12.41 | 12.34 | ||||||
| EV/Sales LTM | x | 5.57 | 2.59 | ||||||
| Earnings Yield LTM | % | +5.64% | +9.27% | ||||||
| FCF Yield | % | +5.25% | +4.72% | ||||||
| Quality | |||||||||
| ROE | % | +13.76% | +10.97% | ||||||
| ROIC | % | +9.45% | +11.40% | ||||||
| Operating margin | % | +29.59% | +34.54% | ||||||
| Gross margin | % | +44.18% | +47.37% | ||||||
| FCF/Sales | % | +29.98% | +23.03% | ||||||
| Growth and momentum | |||||||||
| EPS Growth YoY | % | +63.21% | +29.72% | ||||||
| Sales Growth YoY | % | +15.85% | +16.15% | ||||||
| Net Income Growth YoY | % | +66.41% | +29.50% | ||||||
| FCF Growth | % | +6.71% | -3.94% | ||||||
| Operating Profit Growth | % | +11.79% | +22.66% | ||||||
| Dividend and capital structure | |||||||||
| Dividend Yield | % | +1.03% | +2.50% | ||||||
| Dividend Growth | % | +26.09% | +26.09% | ||||||
| Payout Ratio | % | +17.92% | 0.00% | ||||||
| FCF/Debt | x | 2.58 | 0.53 | ||||||
| Net Debt/EBITDA | x | -0.32 | -1.11 | ||||||
| EBIT/Net interest | x | 79.81 | 94.76 | ||||||
| Net debt/market cap | % | +1.92% | +4.66% | ||||||
| Net debt/Equity | x | -0.26 | -0.18 | ||||||
| Gross debt/equity | x | 0.05 | 0.22 | ||||||
Price target estimates
Based on consensus from external analysts. Not Kvantra's opinion.
Ratings
Based on consensus from external analysts. Not Kvantra's opinion.
ESG
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| ESG-score | |||
| Environmental score | |||
| Social score | |||
| Governance score | |||
| Risk rating |
Company overview
Tencent Music Entertainment Group (TME) is a premier operator of online music entertainment platforms across the People's Republic of China, offering a range of services including music streaming, digital karaoke, and live interactive broadcasting. Its offerings encompass popular streaming platforms like QQ Music, Kugou Music, and Kuwo Music, which facilitate personalized music discovery and listening for users. The company also developed WeSing, an engaging application that allows users to sing, socialize with friends, share their performances, and explore songs sung by others. Furthermore, TME runs interactive live broadcasting platforms, notably Kugou Live and Kuwo Live, providing an online venue for performers to exhibit their talents and interact with their audience. Kuwo Changting acts as a specialized audio content platform, featuring diverse spoken word entertainment such as audiobooks, traditional cross-talk, and radio dramas. Beyond its digital services, TME sells music-related hardware, including Kugou headsets, smart speakers, WeSing karaoke microphones, and Hi-Fi audio systems. It also handles online ticketing for music events and partners with manufacturers of smart devices and automobiles to embed and manage music services within their products and vehicles. Tencent Music Entertainment Group maintains a strategic partnership with China Literature. Headquartered in Shenzhen, China, the company functions as a subsidiary of Tencent Holdings Limited.
Similar companies
For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.
Tencent Music Entertainment Group (TME)
No price history available.
Consensus from external analysts. Not Kvantra's opinion.
Based on consensus from external analysts. Not Kvantra's opinion.
Tencent Music Entertainment Group (TME) is a premier operator of online music entertainment platforms across the People's Republic of China, offering a range of services including music streaming, digital karaoke, and live interactive broadcasting. Its offerings encompass popular streaming platforms like QQ Music, Kugou Music, and Kuwo Music, which facilitate personalized music discovery and listening for users. The company also developed WeSing, an engaging application that allows users to sing, socialize with friends, share their performances, and explore songs sung by others. Furthermore, TME runs interactive live broadcasting platforms, notably Kugou Live and Kuwo Live, providing an online venue for performers to exhibit their talents and interact with their audience. Kuwo Changting acts as a specialized audio content platform, featuring diverse spoken word entertainment such as audiobooks, traditional cross-talk, and radio dramas. Beyond its digital services, TME sells music-related hardware, including Kugou headsets, smart speakers, WeSing karaoke microphones, and Hi-Fi audio systems. It also handles online ticketing for music events and partners with manufacturers of smart devices and automobiles to embed and manage music services within their products and vehicles. Tencent Music Entertainment Group maintains a strategic partnership with China Literature. Headquartered in Shenzhen, China, the company functions as a subsidiary of Tencent Holdings Limited.
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