Tencent Music Entertainme... (TME)
Tencent Music Entertainment Statistics
Share Statistics
Tencent Music Entertainment has 768.56M shares outstanding. The number of shares has increased by -14.8% in one year.
| Shares Outstanding | 768.56M |
| Shares Change (YoY) | -14.8% |
| Shares Change (QoQ) | -17.24% |
| Owned by Institutions (%) | 28.94% |
| Shares Floating | 767.46M |
| Failed to Deliver (FTD) Shares | 957 |
| FTD / Avg. Volume | 0.01% |
Short Selling Information
The latest short interest is 22.12M, so 1.44% of the outstanding shares have been sold short.
| Short Interest | 22.12M |
| Short % of Shares Out | 1.44% |
| Short % of Float | 4.54% |
| Short Ratio (days to cover) | 2.3 |
Valuation Ratios
The PE ratio is 19.54 and the forward PE ratio is 2.21. Tencent Music Entertainment's PEG ratio is 0.53.
| PE Ratio | 19.54 |
| Forward PE | 2.21 |
| PS Ratio | 4.57 |
| Forward PS | 0.2 |
| PB Ratio | 1.91 |
| P/FCF Ratio | 14.04 |
| PEG Ratio | 0.53 |
Enterprise Valuation
Tencent Music Entertainment has an Enterprise Value (EV) of 250.35B.
| EV / Sales | 8.82 |
| EV / EBITDA | 30.41 |
| EV / EBIT | 24.37 |
| EV / FCF | 27.09 |
Financial Position
The company has a current ratio of 2.09, with a Debt / Equity ratio of 0.06.
| Current Ratio | 2.09 |
| Quick Ratio | 2.09 |
| Debt / Equity | 0.06 |
| Debt / EBITDA | 0.47 |
| Debt / FCF | 0.42 |
| Interest Coverage | 0 |
Financial Efficiency
Return on Equity is 9.79% and Return on Invested Capital is 9.6%.
| Return on Equity | 9.79% |
| Return on Assets | 7.35% |
| Return on Invested Capital | 9.6% |
| Revenue Per Employee | $5.31M |
| Profits Per Employee | $1.24M |
| Employee Count | 5,353 |
| Asset Turnover | 0.31 |
| Inventory Turnover | 712 |
Taxes
| Income Tax | 1.6B |
| Effective Tax Rate | 18.4% |
Stock Price Statistics
The stock price has increased by 8.23% in the last 52 weeks. The beta is 0.49, so Tencent Music Entertainment's price volatility has been higher than the market average.
| Beta | 0.49 |
| 52-Week Price Change | 8.23% |
| 50-Day Moving Average | 13.24 |
| 200-Day Moving Average | 12.16 |
| Relative Strength Index (RSI) | 53.93 |
| Average Volume (20 Days) | 8.71M |
Income Statement
In the last 12 months, Tencent Music Entertainment had revenue of 28.4B and earned 6.64B in profits. Earnings per share was 4.24.
| Revenue | 28.4B |
| Gross Profit | 12.03B |
| Operating Income | 8.71B |
| Net Income | 6.64B |
| EBITDA | 8.23B |
| EBIT | 7.51B |
| Earnings Per Share (EPS) | 4.24 |
Balance Sheet
The company has 13.16B in cash and 3.9B in debt, giving a net cash position of 9.27B.
| Cash & Cash Equivalents | 13.16B |
| Total Debt | 3.9B |
| Net Cash | 9.27B |
| Retained Earnings | 20.05B |
| Total Assets | 90.44B |
| Working Capital | 17.99B |
Cash Flow
In the last 12 months, operating cash flow was 10.28B and capital expenditures -1.03B, giving a free cash flow of 9.24B.
| Operating Cash Flow | 10.28B |
| Capital Expenditures | -1.03B |
| Free Cash Flow | 9.24B |
| FCF Per Share | 2.95 |
Margins
Gross margin is 42.34%, with operating and profit margins of 30.67% and 23.39%.
| Gross Margin | 42.34% |
| Operating Margin | 30.67% |
| Pretax Margin | 30.67% |
| Profit Margin | 23.39% |
| EBITDA Margin | 28.99% |
| EBIT Margin | 30.67% |
| FCF Margin | 32.54% |
Dividends & Yields
TME pays an annual dividend of $0.32, which amounts to a dividend yield of 1.26%.
| Dividend Per Share | $0.32 |
| Dividend Yield | 1.26% |
| Dividend Growth (YoY) | 31.39% |
| Payout Ratio | 54.66% |
| Earnings Yield | 5.12% |
| FCF Yield | 3.56% |
Analyst Forecast
The average price target for TME is $15, which is 11.9% higher than the current price. The consensus rating is "Buy".
| Price Target | $15 |
| Price Target Difference | 11.9% |
| Analyst Consensus | Buy |
| Analyst Count | 6 |
Scores
| Altman Z-Score | 1.45 |
| Piotroski F-Score | 7 |