Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.
TME
SELLREMOVETencent Music Entertainment Group · Communication Services · China · $13.6B · Avg Vol: $106M/d
Tencent Music is a dominant music streaming platform in China with solid metrics, but it lacks alignment with our active 18-month macro themes and faces persistent regulatory and geopolitical discount factors.
COMPANY DESCRIPTION
Tencent Music Entertainment Group is the leading online music entertainment platform in China, operating highly popular apps including QQ Music, Kugou Music, and Kuwo Music. The company operates a highly integrated ecosystem spanning music streaming, online karaoke, and live music-centric social entertainment. TME's competitive moat is secured by its massive user base, extensive licensed music library, and deep integration with the broader Tencent social media ecosystem.
FINANCIAL SUMMARY (USD)
| Year | 2022 | 2023 | 2024 | 2025 | CAGR |
|---|---|---|---|---|---|
| Revenue | 28.3B | 27.8B | 28.4B | 32.9B | 5.1% |
| EPS | 9.81 | 13.48 | 16.55 | 28.16 | 42.1% |
| Shares | 804.8M | 804.8M | 804.8M | 804.8M | 0.0% |
| Debt | 6.0B | 6.0B | 6.1B | 3.8B | -13.9% |
| Equity | 48.1B | 55.9B | 67.9B | 80.3B | 18.6% |
| Op CF | 7.5B | 7.3B | 10.3B | 10.2B | 11.0% |
| Inv CF | -1.4B | -1.9B | -6.8B | -10.2B | — |
| Fin CF | -3.4B | -1.5B | -3.8B | -4.6B | — |
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Communication Services, ranked by industry match, size, and score similarity. Cross-listings of TME are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| TME | Tencent Music Entertainment Group(you) | $13.6B | 32 | SELL |
| 9626.HK | Bilibili Inc. | $7.0B | 23 | SELL |
| 9888.HK | Baidu, Inc. | $37.7B | 38 | HOLD |
| 1024.HK | Kuaishou Technology | $25.1B | 50 | HOLD |
| BZ | KANZHUN LIMITED - American Depo | $5.8B | 49 | HOLD |
| 1357.HK | Meitu, Inc. | $2.4B | 29 | SELL |
| 600633.SS | Zhejiang Daily Digital Culture Group Co.,Ltd | $2.1B | 31 | SELL |
| 603888.SS | Xinhuanet Co., Ltd. | $1.9B | 34 | SELL |
| ATHM | Autohome Inc. | $2.1B | 27 | SELL |
| 0772.HK | China Literature Limited | $2.6B | 17 | STRONG SELL |
Peer medians: ROE 4.2% · P/E 18.7x · Gross margin 35.7%