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Tencent Music Entertainment Group (NYSE:TME)
17.525 USD
-0.255 1.434%| Previous Close (in USD) | 17.78 |
|---|---|
| Change | -0.255 1.434% |
| 52 W H/L (in USD) | 9.290/5.700 |
| EBITDA (in USD) | 5522M |
| PE Ratio | 20.26 |
| Volume | 1623069 |
| Diluted Eps TTM | 0.42 |
| Total Assets (in USD) | 67009M |
|---|---|
| Total Liabilities (in USD) | 17882M |
| Revenue TTM (in USD) | 28284M |
| Cash (in USD) | 9555M |
| Market Cap (in USD) | 14,603.842 M |
| Revenue Per Share TTM | 18.066 |
| Gross Profit TTM (in USD) | 8773M |
Summary
Income Statement
Balance Sheet
Change in Cash
Operating Cash
Dividend Paid
Tencent Music Entertainment Group
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.
Employees: 5805
Key Executives
| Sr. No. | Name | Title | Year Born |
|---|---|---|---|
| 1. | Mr. Kar Shun Pang | Exec. Chairman | 1974 |
| 2. | Mr. Zhu Liang | CEO & Director | 1976 |
| 3. | Mr. Zhenyu Xie | Pres, CTO & Director | 1975 |
| 4. | Ms. Min Hu | Chief Financial Officer | 1973 |
| 5. | Mr. Tsai Chun Pan | Group VP & Head of Content Cooperation Bus. | 1974 |
| 6. | Mr. Lixue Shi | Group VP & Head of Kuwo Bus. Unit | 1975 |
| 7. | Mr. Cheuk Tung Yip | Chief Strategy Officer | 1981 |
| 8. | Ms. Linlin Chen | Group VP & Head of Kugou Bus. Unit | 1981 |
| 9. | Millicent T. | Vice Gen. Mang. | NA |
| 10. | Ms. Heather Diwu | Investor Relations Officer | NA |
Peers
Sector: Communication Services
Industry: Internet Content & Information
| Company | 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) |
|
GOOGL
Alphabet Inc Class A |
+4.505 2.678% | 170.83 | 26.810 | 23.202 | 6.407 | 6.922 | 6.140 | 19.266 |
|
GOOG
Alphabet Inc Class C |
+4.380 2.579% | 172.3 | 27.010 | 23.419 | 6.406 | 6.987 | 6.140 | 19.266 |
|
META
Meta Platforms Inc. |
+10.211 1.492% | 696.17 | 27.550 | 25.317 | 9.674 | 8.515 | 9.459 | 21.608 |
|
TCTZF
Tencent Holdings Ltd |
-0.116 0.178% | 65.5 | 13.500 | 14.641 | 0.638 | 3.445 | 0.640 | 1.544 |
Income Statement
(Currency in USD)| Breakdown | 31-12-2022 | 31-12-2021 | 31-12-2020 | 31-12-2019 | 31-12-2018 |
|---|---|---|---|---|---|
| Income Before Tax | 4373M | 3632M | 4632M | 4540M | 2003M |
| Minority Interest | -162M | -186M | 486M | 88M | 51M |
| Net Income | 3677M | 3029M | 4155M | 3982M | 1833M |
| Selling General Administrative | 4413M | 4009M | 3101M | 2703M | 2258M |
| Gross Profit | 8773M | 9404M | 9302M | 8673M | 7277M |
| Reconciled Depreciation | 1160M | 1001M | 824M | 583M | 369M |
| Ebit | 4443M | 2752M | 4710M | 4622M | 2936M |
| Ebitda | 4481M | 3753M | 4729M | 4604M | 3305M |
| Depreciation And Amortization | 38M | 1001M | 19M | -18M | 369M |
| Operating Income | 4443M | 2752M | 4710M | 4622M | 2039M |
| Other Operating Expenses | 25123M | 28527M | 25427M | 21505M | 15680M |
| Interest Expense | 108M | 121M | 97M | 64M | 0M |
| Tax Provision | 534M | 417M | 456M | 563M | 171M |
| Interest Income | 641M | 530M | 622M | 496M | 185M |
| Net Interest Income | 603M | 409M | 525M | 551M | 282M |
| Income Tax Expense | 534M | 417M | 456M | 563M | 171M |
| Total Revenue | 28339M | 31244M | 29153M | 25434M | 18985M |
| Total Operating Expenses | 5557M | 6687M | 5576M | 4744M | 3972M |
| Cost Of Revenue | 19566M | 21840M | 19851M | 16761M | 11708M |
| Total Other Income Expense Net | -70M | 880M | -78M | -82M | -1584M |
| Net Income From Continuing Ops | 3839M | 3215M | 4176M | 3977M | 1832M |
| Net Income Applicable To Common Shares | 3677M | 3029M | 4155M | 3982M | 1833M |
Balance Sheet
(Currency in USD)| Breakdown | 31-12-2022 | 31-12-2021 | 31-12-2020 | 31-12-2019 | 31-12-2018 |
|---|---|---|---|---|---|
| Total Assets | 67009M | 67254M | 68273M | 52678M | 44605M |
| Intangible Assets | 4848M | 4324M | 2020M | 1622M | 1763M |
| Other Current Assets | 2958M | 56M | 53M | 85M | 55M |
| Total Liab | 17882M | 16199M | 15542M | 9000M | 6833M |
| Total Stockholder Equity | 48099M | 50317M | 52245M | 43590M | 37721M |
| Other Current Liab | 4426M | 4195M | 4326M | 4168M | 2533M |
| Common Stock | 2M | 2M | 2M | 2M | 2M |
| Capital Stock | 2M | 2M | 2M | 2M | 2M |
| Retained Earnings | 12052M | 14194M | 11111M | 7007M | 3040M |
| Good Will | 19493M | 19121M | 17492M | 17140M | 17088M |
| Other Assets | 7586M | 1089M | 1259M | 1008M | 1024M |
| Cash | 9555M | 6591M | 11128M | 15426M | 17356M |
| Cash And Equivalents | 9555M | 0M | 20M | 6534M | 9799M |
| Total Current Liabilities | 11717M | 10450M | 9602M | 8490M | 6238M |
| Current Deferred Revenue | 2170M | 1834M | 1608M | 1694M | 1537M |
| Net Debt | -3590M | -1232M | -5632M | -15279M | -17356M |
| Short Term Debt | 123M | 92M | 103M | 69M | 338M |
| Short Long Term Debt | - | - | - | 0M | 0M |
| Short Long Term Debt Total | 5965M | 5359M | 5496M | 147M | 0M |
| Other Stockholder Equity | 29905M | 32395M | 34832M | 34394M | 33776M |
| Property Plant Equipment | 3201M | 526M | 487M | 327M | 168M |
| Total Current Assets | 26559M | 26791M | 31687M | 26914M | 20778M |
| Long Term Investments | 14332M | 15403M | 15328M | 5667M | 3784M |
| Short Term Investments | 11328M | 13835M | 14895M | 7044M | 81M |
| Net Receivables | 2670M | 3610M | 2800M | 2198M | 1483M |
| Long Term Debt | 5536M | 5062M | 5175M | 0M | 0M |
| Inventory | 14M | 24M | 18M | 26M | 35M |
| Accounts Payable | 4998M | 4329M | 3565M | 2559M | 1830M |
| Accumulated Other Comprehensive Income | 6140M | 3726M | 6300M | 2187M | 903M |
| Non Currrent Assets Other | 709M | 743M | 956M | 816M | 901M |
| Non Current Assets Total | 40450M | 40463M | 36586M | 25764M | 23827M |
| Capital Lease Obligations | 429M | 297M | 321M | 147M | 0M |
| Long Term Debt Total | 5842M | 5267M | 5393M | 78M | 0M |
Cash Flow
(Currency in USD)| Breakdown | 31-12-2022 | 31-12-2021 | 31-12-2020 | 31-12-2019 | 31-12-2018 |
|---|---|---|---|---|---|
| Investments | -1446M | -5999M | -14206M | -8102M | -1190M |
| Total Cashflows From Investing Activities | -1446M | -5999M | -14206M | -8102M | -1190M |
| Total Cash From Financing Activities | -3419M | -3710M | 5292M | -31M | 7741M |
| Net Income | 4373M | 3632M | 4632M | 4540M | 2003M |
| Change In Cash | 2964M | -4537M | -4298M | -1930M | 12182M |
| Begin Period Cash Flow | 6591M | 11128M | 15426M | 17356M | 5174M |
| End Period Cash Flow | 9555M | 6591M | 11128M | 15426M | 17356M |
| Total Cash From Operating Activities | 7481M | 5239M | 4885M | 6200M | 5632M |
| Depreciation | 1160M | 1001M | 824M | 583M | 369M |
| Other Cashflows From Investing Activities | -1446M | -5999M | -14206M | 32M | -20M |
| Dividends Paid | -74M | -106M | 0M | -127M | 19M |
| Change To Inventory | 10M | -6M | 8M | 9M | -4M |
| Sale Purchase Of Stock | -3127M | -3479M | -134M | -31M | 7741M |
| Other Cashflows From Financing Activities | -91M | -22M | 5506M | 175M | 441M |
| Capital Expenditures | 1053M | 2758M | 501M | 286M | 144M |
| Change In Working Capital | 2221M | 573M | -497M | 982M | 1386M |
| Other Non Cash Items | -938M | -418M | -579M | -584M | 1237M |
| Free Cash Flow | 6428M | 2481M | 4384M | 5914M | 5488M |
Funds
| Sr. No. | Name | Purchased On | Shares |
|---|---|---|---|
| 1. | KraneShares CSI China Internet ETF | 1 year ago | 22125298 |
| 2. | Vanguard Emerging Mkts Stock Idx Inv | 1 year ago | 8556397 |
| 3. | Vanguard Total Intl Stock Index Inv | 1 year ago | 8501789 |
| 4. | iShares Core MSCI Emerging Markets ETF | 1 year ago | 6795115 |
| 5. | BOCOM Schroders CSI OS China(QDII-LOF)A | 1 year ago | 6015112 |
| 6. | Invesco Asian UK Acc | 1 year ago | 5789662 |
| 7. | BlackRock Emerging Mkts Instl | 1 year ago | 4174017 |
| 8. | Vanguard Instl Ttl Intl Stk Mkt Idx TrII | 1 year ago | 4041289 |
| 9. | BlackRock Global Emerging Markets Equity | 1 year ago | 3951082 |
| 10. | E Fund CSI China Ovsea Net 50 QDII-ETF | 1 year ago | 3502846 |
| 11. | Baillie Gifford Emerging Markets Eqs 3 | 1 year ago | 3258592 |
| 12. | Baillie Gifford International Alpha 2 | 1 year ago | 2858742 |
| 13. | iShares MSCI China ETF | 1 year ago | 2547915 |
| 14. | Coronation Global Emerging Markets A USD | 2 years ago | 2251072 |
| 15. | DFA Emerging Markets Core Equity I | 1 year ago | 1988142 |
| 16. | iShares MSCI Emerging Markets ETF | 1 year ago | 1849539 |
| 17. | BrighthouseII Baillie Gifford Intl Stk A | 1 year ago | 1839560 |
| 18. | iShares Core MSCI EM IMI ETF USD Acc | 1 year ago | 1766440 |
| 19. | Polen Emerging Markets Composite | 1 year ago | 1751908 |
| 20. | BMO Emerging Markets A | 1 year ago | 1738155 |
Institutions
| Sr. No. | Name | Purchased On | Shares |
|---|---|---|---|
| 1. | BlackRock Inc | 1 year ago | 42092957 |
| 2. | Canada Pension Plan Investment Board | 1 year ago | 34083111 |
| 3. | Baillie Gifford & Co Limited. | 1 year ago | 27594963 |
| 4. | Vanguard Group Inc | 1 year ago | 24944394 |
| 5. | Krane Funds Advisors LLC | 1 year ago | 23385671 |
| 6. | State Street Corporation | 1 year ago | 12939627 |
| 7. | Amvescap Plc. | 1 year ago | 11648403 |
| 8. | Wellington Management Company LLP | 1 year ago | 10928746 |
| 9. | Allspring Global Investments Holdings, LLC | 1 year ago | 10518657 |
| 10. | Renaissance Technologies Corp | 1 year ago | 9050690 |
| 11. | Goldman Sachs Group Inc | 1 year ago | 7783431 |
| 12. | Coronation Fund Managers Ltd | 1 year ago | 7125652 |
| 13. | Dimensional Fund Advisors, Inc. | 1 year ago | 6873496 |
| 14. | Legal & General Group PLC | 1 year ago | 4943794 |
| 15. | UBS Asset Mgmt Americas Inc | 1 year ago | 4363974 |
| 16. | E Fund Management Co., Ltd. | 1 year ago | 4166728 |
| 17. | Morgan Stanley - Brokerage Accounts | 1 year ago | 4137902 |
| 18. | Franklin Resources Inc | 1 year ago | 4058814 |
| 19. | Perpetual Ltd | 1 year ago | 3977522 |
| 20. | Geode Capital Management, LLC | 1 year ago | 3719558 |
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