Tencent Music Entertainment Group
NYSE:TME

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Tencent Music Entertainment Group
NYSE:TME
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Price: 11.53 USD 0.09% Market Closed
Market Cap: 19.5B USD
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Relative Value

The Relative Value of one TME stock under the Base Case scenario is 11.08 USD. Compared to the current market price of 11.53 USD, Tencent Music Entertainment Group is Overvalued by 4%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

TME Relative Value
Base Case
11.08 USD
Overvaluation 4%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
39
vs Industry
12
Median 3Y
3.1
Median 5Y
4.6
Industry
1.5
Forward
4.9
vs History
58
vs Industry
13
Median 3Y
22
Median 5Y
25.7
Industry
17.3
Forward
17.4
vs History
53
vs Industry
16
Median 3Y
12.9
Median 5Y
15.3
Industry
11.4
vs History
63
vs Industry
18
Median 3Y
13.8
Median 5Y
18.6
Industry
15.9
vs History
42
vs Industry
20
Median 3Y
1.7
Median 5Y
2.2
Industry
1.7
vs History
34
vs Industry
11
Median 3Y
2.5
Median 5Y
3.9
Industry
1.5
Forward
4.8
vs History
44
vs Industry
9
Median 3Y
7.7
Median 5Y
11.2
Industry
3.3
vs History
53
vs Industry
10
Median 3Y
18.7
Median 5Y
22.2
Industry
8.7
Forward
15.1
vs History
63
vs Industry
11
Median 3Y
19.9
Median 5Y
24.8
Industry
12
Forward
16.4
vs History
52
vs Industry
16
Median 3Y
10.7
Median 5Y
14.8
Industry
10.5
vs History
57
vs Industry
19
Median 3Y
12
Median 5Y
16.7
Industry
13.2
vs History
44
vs Industry
21
Median 3Y
1.7
Median 5Y
2.1
Industry
1.4

Multiples Across Competitors

TME Competitors Multiples
Tencent Music Entertainment Group Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
CN
Tencent Music Entertainment Group
NYSE:TME
19.5B USD 5.1 23.6 20.6 20.6
US
Netflix Inc
NASDAQ:NFLX
383.8B USD 10.2 49.3 15.6 40.3
US
Walt Disney Co
NYSE:DIS
214.3B USD 2.3 43.1 14.6 20.8
LU
Spotify Technology SA
NYSE:SPOT
96B USD 6.1 131.4 93.6 108
NL
Universal Music Group NV
AEX:UMG
41.3B EUR 3.6 26.7 27.3 27.3
US
Live Nation Entertainment Inc
NYSE:LYV
32.3B USD 1.4 140.3 18.1 25.9
US
Warner Bros Discovery Inc
NASDAQ:WBD
24.8B USD 0.6 -2.2 2.8 -155.1
US
TKO Group Holdings Inc
NYSE:TKO
23.2B USD 17.3 137.1 66.5 88
FR
Bollore SE
PAR:BOL
16.6B EUR 0.9 4.2 7.7 24.9
US
Warner Music Group Corp
NASDAQ:WMG
16.5B USD 2.6 30.6 15.5 20.8
US
Endeavor Group Holdings Inc
NYSE:EDR
13.9B USD 1.6 -19 45 -73

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