TME

Tencent Music Entertainment Group

Communication Services Internet Content & Information

Portfolio

Watchlist

8.935 USD -0.28 ( 3.09%)

Last update at 2026-11-12T15:22:00Z

VOLUME

1739193

Market Cap

14603.84M

P/E

20.26

Momentum Score

…

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 music in personalized ways; and WeSing, which enables users to sing from its library of karaoke songs and share their performances in audio or video formats with friends. The company also operates QQ Music, Kugou Music, Kuwo Music, WeSing, Kugou Live, and Kuwo Live that provides an interactive online stage for performers and users to showcase their talent and engage with a diverse audience base; and Lazy Audio, an audio platform. 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. The company is based in Shenzhen, China. Tencent Music Entertainment Group is a subsidiary of Tencent Holdings Limited.

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Day Price Range

8.91

Low

9.14

High

52 Week Price Range

5.70

Low

9.29

High

Momentum Score

…

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High

Key Metrics*

Previous Close

9.22

Dividend Yield

Revenue TTM

28284.00M

Revenue Per Share

18.07

Gross Profit TTM

8773.00M

Debt / Equity

0.12

ROE

9.70%

Net Debt

-3590.00M

ROCE

8.04%

Diluted EPS TTM

0.42

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31
Type	yearly	yearly	yearly	yearly	yearly
Date	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31
Income before tax	4373.00M	3632.00M	4632.00M	4540.00M	2003.00M
Minority interest	-162.00M	-186.00M	486.00M	88.00M	51.00M
Net income	3677.00M	3029.00M	4155.00M	3982.00M	1833.00M
Selling general administrative	4413.00M	4009.00M	3101.00M	2703.00M	2258.00M
Selling and marketing expenses	1144.00M	2678.00M	2475.00M	2041.00M	1714.00M
Gross profit	8773.00M	9404.00M	9302.00M	8673.00M	7277.00M
Reconciled depreciation	1160.00M	1001.00M	824.00M	583.00M	369.00M
Ebit	4443.00M	2752.00M	4710.00M	4622.00M	2936.00M
Ebitda	4481.00M	3753.00M	4729.00M	4604.00M	3305.00M
Depreciation and amortization	38.00M	1001.00M	19.00M	-18.00M	369.00M
Non operating income net other	-	-	-	0.00M	0.00M
Operating income	4443.00M	2752.00M	4710.00M	4622.00M	2039.00M
Other operating expenses	25123.00M	28527.00M	25427.00M	21505.00M	15680.00M
Interest expense	108.00M	121.00M	97.00M	64.00M	0.00M
Tax provision	534.00M	417.00M	456.00M	563.00M	171.00M
Interest income	641.00M	530.00M	622.00M	496.00M	185.00M
Net interest income	603.00M	409.00M	525.00M	551.00M	282.00M
Extraordinary items	-	-	-	0.00M	0.00M
Non recurring	-	-	-	0.00M	0.00M
Other items	-	-	-	0.00M	0.00M
Income tax expense	534.00M	417.00M	456.00M	563.00M	171.00M
Total revenue	28339.00M	31244.00M	29153.00M	25434.00M	18985.00M
Total operating expenses	5557.00M	6687.00M	5576.00M	4744.00M	3972.00M
Cost of revenue	19566.00M	21840.00M	19851.00M	16761.00M	11708.00M
Total other income expense net	-70.00M	880.00M	-78.00M	-82.00M	-1584.00M
Discontinued operations	-	-	-	0.00M	0.00M
Net income from continuing ops	3839.00M	3215.00M	4176.00M	3977.00M	1832.00M
Net income applicable to common shares	3677.00M	3029.00M	4155.00M	3982.00M	1833.00M
Preferred stock and other adjustments	-	-	-	0.00M	0.00M

Breakdown	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31
Type	yearly	yearly	yearly	yearly	yearly
Date	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31
Total assets	67009.00M	67254.00M	68273.00M	52678.00M	44605.00M
Intangible assets	4848.00M	4324.00M	2020.00M	1622.00M	1763.00M
Other current assets	2958.00M	56.00M	53.00M	85.00M	55.00M
Total liab	17882.00M	16199.00M	15542.00M	9000.00M	6833.00M
Total stockholder equity	48099.00M	50317.00M	52245.00M	43590.00M	37721.00M
Deferred long term liab	-	-	-	0.00M	0.00M
Other current liab	4426.00M	4195.00M	4326.00M	4168.00M	2533.00M
Common stock	2.00M	2.00M	2.00M	2.00M	2.00M
Capital stock	2.00M	2.00M	2.00M	2.00M	2.00M
Retained earnings	12052.00M	14194.00M	11111.00M	7007.00M	3040.00M
Other liab	323.00M	482.00M	547.00M	432.00M	595.00M
Good will	19493.00M	19121.00M	17492.00M	17140.00M	17088.00M
Other assets	7586.00M	1089.00M	1259.00M	1008.00M	1024.00M
Cash	9555.00M	6591.00M	11128.00M	15426.00M	17356.00M
Cash and equivalents	9555.00M	0.00M	20.00M	6534.00M	9799.00M
Total current liabilities	11717.00M	10450.00M	9602.00M	8490.00M	6238.00M
Current deferred revenue	2170.00M	1834.00M	1608.00M	1694.00M	1537.00M
Net debt	-3590.00M	-1232.00M	-5632.00M	-15279.00M	-17356.00M
Short term debt	123.00M	92.00M	103.00M	69.00M	338.00M
Short long term debt	-	-	-	0.00M	0.00M
Short long term debt total	5965.00M	5359.00M	5496.00M	147.00M	0.00M
Other stockholder equity	29905.00M	32395.00M	34832.00M	34394.00M	33776.00M
Property plant equipment	3201.00M	526.00M	487.00M	327.00M	168.00M
Total current assets	26559.00M	26791.00M	31687.00M	26914.00M	20778.00M
Long term investments	14332.00M	15403.00M	15328.00M	5667.00M	3784.00M
Net tangible assets	23758.00M	26872.00M	32733.00M	24828.00M	18870.00M
Short term investments	11328.00M	13835.00M	14895.00M	7044.00M	81.00M
Net receivables	2670.00M	3610.00M	2800.00M	2198.00M	1483.00M
Long term debt	5536.00M	5062.00M	5175.00M	0.00M	0.00M
Inventory	14.00M	24.00M	18.00M	26.00M	35.00M
Accounts payable	4998.00M	4329.00M	3565.00M	2559.00M	1830.00M
Total permanent equity	-	-	-	0.00M	0.00M
Noncontrolling interest in consolidated entity	-	-	-	0.00M	0.00M
Temporary equity redeemable noncontrolling interests	-	-	-	0.00M	0.00M
Accumulated other comprehensive income	6140.00M	3726.00M	6300.00M	2187.00M	903.00M
Additional paid in capital	-	-	-	0.00M	0.00M
Common stock total equity	-	-	2.00M	2.00M	2.00M
Preferred stock total equity	-	-	-	0.00M	0.00M
Retained earnings total equity	-	-	-	0.00M	0.00M
Treasury stock	-	-3660.00M	-134.00M	0.00M	0.00M
Accumulated amortization	-	-	-	0.00M	0.00M
Non currrent assets other	709.00M	743.00M	956.00M	816.00M	901.00M
Deferred long term asset charges	-	-	-	0.00M	0.00M
Non current assets total	40450.00M	40463.00M	36586.00M	25764.00M	23827.00M
Capital lease obligations	429.00M	297.00M	321.00M	147.00M	0.00M
Long term debt total	5842.00M	5267.00M	5393.00M	78.00M	0.00M

Breakdown	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31
Type	yearly	yearly	yearly	yearly	yearly
Date	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31
Investments	-1446.00M	-5999.00M	-14206.00M	-8102.00M	-1190.00M
Change to liabilities	0.00M	631.00M	644.00M	717.00M	780.00M
Total cashflows from investing activities	-1446.00M	-5999.00M	-14206.00M	-8102.00M	-1190.00M
Net borrowings	-	-116.00M	5330.00M	-63.00M	-63.00M
Total cash from financing activities	-3419.00M	-3710.00M	5292.00M	-31.00M	7741.00M
Change to operating activities	-	717.00M	-629.00M	989.00M	792.00M
Net income	4373.00M	3632.00M	4632.00M	4540.00M	2003.00M
Change in cash	2964.00M	-4537.00M	-4298.00M	-1930.00M	12182.00M
Begin period cash flow	6591.00M	11128.00M	15426.00M	17356.00M	5174.00M
End period cash flow	9555.00M	6591.00M	11128.00M	15426.00M	17356.00M
Total cash from operating activities	7481.00M	5239.00M	4885.00M	6200.00M	5632.00M
Issuance of capital stock	3.00M	13.00M	0.00M	15.00M	7319.00M
Depreciation	1160.00M	1001.00M	824.00M	583.00M	369.00M
Other cashflows from investing activities	-1446.00M	-5999.00M	-14206.00M	32.00M	-20.00M
Dividends paid	-74.00M	-106.00M	0.00M	-127.00M	19.00M
Change to inventory	10.00M	-6.00M	8.00M	9.00M	-4.00M
Change to account receivables	906.00M	-769.00M	-520.00M	-733.00M	-182.00M
Sale purchase of stock	-3127.00M	-3479.00M	-134.00M	-31.00M	7741.00M
Other cashflows from financing activities	-91.00M	-22.00M	5506.00M	175.00M	441.00M
Change to netincome	-	2210.00M	730.00M	653.00M	2044.00M
Capital expenditures	1053.00M	2758.00M	501.00M	286.00M	144.00M
Change receivables	-	-	-	0.00M	0.00M
Cash flows other operating	-	-	-	0.00M	0.00M
Exchange rate changes	-	-	-	0.00M	0.00M
Cash and cash equivalents changes	-	-	-	0.00M	0.00M
Change in working capital	2221.00M	573.00M	-497.00M	982.00M	1386.00M
Stock based compensation	665.00M	647.00M	569.00M	519.00M	487.00M
Other non cash items	-938.00M	-418.00M	-579.00M	-584.00M	1237.00M
Free cash flow	6428.00M	2481.00M	4384.00M	5914.00M	5488.00M

Peer Comparison*

Sector: Communication Services Industry: Internet Content & Information

Stock Name	Change (USD)	Price (USD)	Trailing PE (x)	Forward PE (x)	Price Sales TTM (x)	Price to Book Value (x)	Enterprise Value to Revenue (x)	Enterprise Value to EBITDA (x)
TME Tencent Music Entertainment Group	-0.28 3.09%	8.94	20.26	16.89	0.52	1.93	0.44	2.13
GOOGL Alphabet Inc Class A	1.61 0.55%	295.06	17.55	22.73	9.46	6.87	9.29	12.67
GOOG Alphabet Inc Class C	1.57 0.54%	292.20	17.36	22.47	9.37	6.79	9.29	12.67
META Meta Platforms Inc.	-7.50 1.19%	621.27	25.07	19.72	7.48	6.49	7.53	15.30
TCEHY Tencent Holdings Ltd ADR	-0.95 1.85%	50.41	14.57	11.89	0.64	2.94	4.22	10.99

Profile*

Tencent Music Entertainment Group

Address

Building D, Shenzhen, China, 518057

Contact

86 75 5860 13388

Website

https://www.tencentmusic.com

Employees

5805

Name	Title	Year Born
Mr. Kar Shun Pang	Exec. Chairman	1974
Mr. Zhu Liang	CEO & Director	1976
Mr. Zhenyu Xie	Pres, CTO & Director	1975
Ms. Min Hu	Chief Financial Officer	1973
Mr. Tsai Chun Pan	Group VP & Head of Content Cooperation Bus.	1974
Mr. Lixue Shi	Group VP & Head of Kuwo Bus. Unit	1975
Mr. Cheuk Tung Yip	Chief Strategy Officer	1981
Ms. Linlin Chen	Group VP & Head of Kugou Bus. Unit	1981
Millicent T.	Vice Gen. Mang.	NA
Ms. Heather Diwu	Investor Relations Officer	NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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