Tencent Music Entertainment Group
NYSE:TME

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Tencent Music Entertainment Group
NYSE:TME
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Price: 11.63 USD -2.68%
Market Cap: 19.7B USD
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Relative Value

The Relative Value of one TME stock under the Base Case scenario is 11.05 USD. Compared to the current market price of 11.63 USD, Tencent Music Entertainment Group is Overvalued by 5%.

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
11.05 USD
Overvaluation 5%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

5.2
P/S
P/S
Price to Sales
5.2
vs History
38
vs Industry
12
Median 3Y
3.1
Median 5Y
4.6
Industry
1.5
Forward
5.1
More Details
24
P/E
P/E
Price to Earnings
24
vs History
53
vs Industry
13
Median 3Y
22.3
Median 5Y
25.3
Industry
17.9
Forward
17.9
More Details
15
P/OCF
P/OCF
Price to OCF
15
vs History
49
vs Industry
16
Median 3Y
13
Median 5Y
14.9
Industry
11.5
More Details
15
P/FCFE
P/FCFE
Price to FCFE
15
vs History
58
vs Industry
18
Median 3Y
14.1
Median 5Y
18.2
Industry
15.7
More Details
2.6
P/B
P/B
Price to Book Value
2.6
vs History
41
vs Industry
20
Median 3Y
1.8
Median 5Y
2.2
Industry
1.7
More Details
5.1
EV/S
EV/S
Enterprise Value to Sales
5.1
vs History
28
vs Industry
11
Median 3Y
2.6
Median 5Y
3.9
Industry
1.6
Forward
4.9
More Details
12.6
EV/GP
EV/GP
Enterprise Value to Gross Profit
12.6
vs History
39
vs Industry
9
Median 3Y
7.9
Median 5Y
11.2
Industry
3.3
More Details
21.4
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
21.4
vs History
49
vs Industry
10
Median 3Y
18.7
Median 5Y
21.5
Industry
8.7
Forward
15.6
More Details
21.4
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
21.4
vs History
58
vs Industry
11
Median 3Y
20
Median 5Y
24.2
Industry
12.2
Forward
17.4
More Details
14.7
EV/OCF
EV/OCF
Enterprise Value to OCF
14.7
vs History
49
vs Industry
16
Median 3Y
10.9
Median 5Y
14.5
Industry
10.6
More Details
14.7
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
14.7
vs History
55
vs Industry
19
Median 3Y
12.1
Median 5Y
16.1
Industry
13.4
More Details
2.4
EV/IC
EV/IC
Enterprise Value to IC
2.4
vs History
42
vs Industry
21
Median 3Y
1.7
Median 5Y
2.1
Industry
1.4
More Details

Multiples Across Competitors

TME Competitors Multiples
Tencent Music Entertainment Group Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
CN
Tencent Music Entertainment Group
NYSE:TME
20B USD 5.2 24 21.4 21.4
US
Netflix Inc
NASDAQ:NFLX
385.3B USD 10.3 49.5 15.7 40.5
US
Walt Disney Co
NYSE:DIS
204.7B USD 2.2 41.2 14.1 20
LU
Spotify Technology SA
NYSE:SPOT
91.7B USD 5.8 125 89.1 102.8
NL
Universal Music Group NV
AEX:UMG
44.8B EUR 3.9 28.9 29.5 29.5
US
Live Nation Entertainment Inc
NYSE:LYV
30.4B USD 1.3 131.5 17 24.3
US
Warner Bros Discovery Inc
NASDAQ:WBD
25.7B USD 0.6 -2.3 2.8 -157.5
US
TKO Group Holdings Inc
NYSE:TKO
24.2B USD 18.1 143.1 69.5 92
FR
Bollore SE
PAR:BOL
16.4B EUR 0.9 4.2 7.7 24.6
US
Warner Music Group Corp
NASDAQ:WMG
16.1B USD 2.5 37.4 15 20
US
Endeavor Group Holdings Inc
NYSE:EDR
14.6B USD 1.6 -19.9 46.9 -76.1
P/E Multiple
Earnings Growth P/E to Growth
CN
Tencent Music Entertainment Group
NYSE:TME
Average P/E: 65
24
116%
0.2
US
Netflix Inc
NASDAQ:NFLX
49.5
129%
0.4
US
Walt Disney Co
NYSE:DIS
41.2
378%
0.1
LU
Spotify Technology SA
NYSE:SPOT
125
N/A N/A
NL
Universal Music Group NV
AEX:UMG
28.9
70%
0.4
US
Live Nation Entertainment Inc
NYSE:LYV
131.5
132%
1
US
Warner Bros Discovery Inc
NASDAQ:WBD
Negative Multiple: -2.3 N/A N/A
US
TKO Group Holdings Inc
NYSE:TKO
143.1
185%
0.8
FR
Bollore SE
PAR:BOL
4.2
107%
0
US
Warner Music Group Corp
NASDAQ:WMG
37.4
116%
0.3
US
Endeavor Group Holdings Inc
NYSE:EDR
Negative Multiple: -19.9
288%
N/A
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CN
Tencent Music Entertainment Group
NYSE:TME
Average EV/EBIT: 41.7
21.4
129%
0.2
US
Netflix Inc
NASDAQ:NFLX
40.5
114%
0.4
US
Walt Disney Co
NYSE:DIS
20
101%
0.2
LU
Spotify Technology SA
NYSE:SPOT
102.8
N/A N/A
NL
Universal Music Group NV
AEX:UMG
29.5
86%
0.3
US
Live Nation Entertainment Inc
NYSE:LYV
24.3
60%
0.4
US
Warner Bros Discovery Inc
NASDAQ:WBD
Negative Multiple: -157.5 N/A N/A
US
TKO Group Holdings Inc
NYSE:TKO
92
220%
0.4
FR
Bollore SE
PAR:BOL
24.6
200%
0.1
US
Warner Music Group Corp
NASDAQ:WMG
20
47%
0.4
US
Endeavor Group Holdings Inc
NYSE:EDR
Negative Multiple: -76.1
397%
N/A

See Also

Summary
TME intrinsic value, competitors valuation, and company profile.
DCF Valuation
TME stock valuation using Discount Cash Flow valuation method.
Relative Valuation
TME stock valuation using valuation multiples.
Wall Street Estimates
TME price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
TME stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
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