Tencent Music
TME
7.99
+0.06
+0.76%
Tencent Music
US · TME
#1280 by market cap
Listed 2018
7.99
+0.06
+0.76%
Live - 5344 symbols - heartbeat 151s ago
· 2026-10-08 08:03
Pre-market
7.91
-1.00%
After-hours
7.97
-0.25%
Overnight
7.87
-1.50%
- Market cap
- 12.58B
- P/E (TTM)i
- 9.37
- P/Bi
- 1.08
- EPSi
- 1.06
- Div yieldi
- 3.05%
- 52W posi
- 2%
Reader sentiment
Are you bullish or bearish on TME?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Weak
- Altman Z-Score is 1.63, below the 1.8 "distress zone" threshold.
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year +15.85% YoY
Margins
- Gross margin
- 44.18%
- Operating margin
- 29.59%
- Net margin
- 33.60%
Key ratios & quality
- Enterprise valuei
- -8.13B
- PEG ratioi
- 0.21
- Altman Z-Scorei
- 1.63
PEG uses trailing P/E against the 3-year net income growth rate (44.33%/yr) since forward earnings estimates aren't available here, so this is not a "forward PEG." Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 18.99B | 25.43B | 29.15B | 31.24B | 28.34B | 27.75B | 28.40B | 32.90B |
| Gross profit | 7.28B | 8.67B | 9.30B | 9.40B | 8.77B | 9.80B | 12.03B | 14.54B |
| Selling & admin expenses | 3.97B | 4.74B | 5.58B | 6.69B | 5.56B | 2.49B | 2.40B | 2.54B |
| Research & development | -- | -- | -- | -- | -- | 2.53B | 2.28B | 2.32B |
| Operating profit | 3.36B | 4.06B | 3.97B | 3.11B | 3.53B | 4.97B | 7.44B | 9.74B |
| Pretax profit | 2.00B | 4.54B | 4.63B | 3.63B | 4.37B | 6.05B | 8.71B | 13.28B |
| Tax | 171.00M | 563.00M | 456.00M | 417.00M | 534.00M | 825.00M | 1.60B | 1.92B |
| Net profit | 1.83B | 3.98B | 4.18B | 3.22B | 3.84B | 5.22B | 7.11B | 11.35B |
| Basic EPS | 1 | 2 | 3 | 2 | 2 | 3 | 4 | 7 |
| Diluted EPS | 1.16 | 2.38 | 2.48 | 1.80 | 2.28 | 3.10 | 4.24 | 7.12 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 7.36B | 8.44B | 8.46B | 8.64B | 7.90B | 8.93B |
| Gross profit | 3.24B | 3.75B | 3.68B | 3.86B | 3.55B | 3.95B |
| Selling & admin expenses | 1.14B | 1.16B | 1.31B | -1.07B | 1.21B | 1.30B |
| Research & development | -- | -- | -- | -- | -- | -- |
| Operating profit | 2.10B | 2.59B | 2.37B | 2.67B | 2.34B | 2.71B |
| Pretax profit | 4.83B | 2.98B | 2.69B | 2.77B | 2.59B | 3.07B |
| Tax | 446.00M | 515.00M | 477.00M | 486.00M | 457.00M | 514.00M |
| Net profit | 4.39B | 2.47B | 2.21B | 2.29B | 2.14B | 2.55B |
| Basic EPS | 3 | 2 | 1 | 1 | 1 | 2 |
| Diluted EPS | 2.78 | 1.56 | 1.38 | 1.42 | 1.34 | 1.58 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 20.78B | 26.91B | 31.69B | 26.79B | 26.56B | 29.94B | 34.54B | 32.46B |
| Cash & ST investments | 17.44B | 22.47B | 26.02B | 20.43B | 20.88B | 23.54B | 27.21B | 24.32B |
| Inventory | 35.00M | 26.00M | 18.00M | 24.00M | 14.00M | 8.00M | 23.00M | 41.00M |
| Total assets | 44.61B | 52.68B | 68.27B | 67.25B | 67.01B | 75.54B | 90.44B | 102.52B |
| Total current liabilities | 6.24B | 8.49B | 9.60B | 10.45B | 11.72B | 12.01B | 16.55B | 14.59B |
| Short-term debt | -- | 69.00M | 103.00M | 92.00M | 123.00M | 115.00M | 2.26B | 116.00M |
| Long-term debt | -- | -- | 5.18B | 5.06B | 5.54B | 5.64B | 3.57B | 3.50B |
| Total liabilities | 6,833,000,000.00 | 9,000,000,000.00 | 15,542,000,000.00 | 16,199,000,000.00 | 17,882,000,000.00 | 18,334,000,000.00 | 20,718,000,000.00 | 19,472,000,000.00 |
| Total equity | 37.77B | 43.68B | 52.73B | 51.06B | 49.13B | 57.20B | 69.73B | 83.05B |
| Retained earnings | 3.04B | 7.01B | 11.11B | 14.19B | 12.05B | 16.97B | 20.05B | 29.38B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 34.18B | 30.88B | 29.92B | 32.46B | 34.67B | 39.69B |
| Cash & ST investments | 26.69B | 22.20B | 22.32B | 24.32B | 26.74B | 30.65B |
| Inventory | 18.00M | 32.00M | 57.00M | 41.00M | 48.00M | 98.00M |
| Total assets | 98.08B | 107.87B | 104.87B | 102.52B | 99.85B | 116.95B |
| Total current liabilities | 18.63B | 16.50B | 14.35B | 14.59B | 16.62B | 22.75B |
| Short-term debt | 2.26B | 2.25B | 104.00M | 116.00M | 111.00M | 6.13B |
| Long-term debt | 3.57B | 3.56B | 3.53B | 3.50B | 4.54B | 10.53B |
| Total liabilities | 22,885,000,000.00 | 21,498,000,000.00 | 19,433,000,000.00 | 19,472,000,000.00 | 22,721,000,000.00 | 35,874,000,000.00 |
| Total equity | 75.20B | 86.38B | 85.43B | 83.05B | 77.13B | 81.07B |
| Retained earnings | 22.64B | 25.04B | 27.19B | 29.38B | 28.65B | 31.12B |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 5.63B | 6.20B | 4.89B | 5.24B | 7.48B | 7.34B | 10.28B | 10.23B |
| Depreciation & amortization | 369.00M | 583.00M | 824.00M | 1.00B | 1.16B | 1.00B | 978.00M | 1.38B |
| Free cash flow | 5.49B | 5.91B | 4.38B | 2.48B | 6.43B | 6.17B | 9.24B | 9.04B |
| Dividends paid | 0 | 0 | 0 | 0 | 0 | 0 | -1.51B | -1.98B |
| Stock buybacks / issuance | 7.32B | 15.00M | -134.00M | -3.47B | -3.12B | -1.20B | -1.93B | -390.00M |
| Ending cash balance | 17.36B | 15.43B | 11.13B | 6.59B | 9.56B | 13.57B | 13.16B | 8.47B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | 2.52B | 1.64B | 3.68B | 2.39B | 2.33B | 2.86B |
| Depreciation & amortization | -- | -- | -- | -- | -- | -- |
| Free cash flow | 2.52B | 1.64B | 3.68B | 1.20B | 2.33B | 2.43B |
| Dividends paid | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | -- | -- | -- | -- | -- | -- |
| Ending cash balance | 12.02B | 11.00B | 11.26B | 8.47B | 18.42B | 23.70B |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | 5.74 | 9.79 | 8.67 | 5.91 | 7.47 | 9.46 | 10.74 | 14.93 |
| ROA %i | 4.91 | 8.19 | 6.87 | 4.47 | 5.48 | 6.90 | 8.01 | 11.46 |
| ROIC %i | 4.93 | 8.58 | 7.26 | 4.70 | 5.75 | 7.10 | 8.49 | 12.99 |
| 5-year avg ROE %i | -- | -- | 6.05 | 7.16 | 7.52 | 8.26 | 8.45 | 9.70 |
| EBIT margin %i | 17.68 | 18.10 | 16.22 | 12.01 | 15.84 | 22.23 | 31.11 | 40.72 |
| FCF / sales %i | 28.91 | 23.25 | 15.04 | 7.94 | 22.68 | 22.24 | 32.54 | 27.48 |
| Current ratioi | 3.33 | 3.17 | 3.30 | 2.56 | 2.27 | 2.49 | 2.09 | 2.22 |
| Quick ratioi | 3.05 | 2.93 | 3.02 | 2.32 | 2.03 | 2.29 | 1.93 | 2.02 |
| Debt / assetsi | 0.00 | 0.28 | 8.05 | 7.97 | 8.90 | 8.01 | 6.69 | 3.72 |
| LT debt / equityi | -- | 0.18 | 10.32 | 10.47 | 12.15 | 10.61 | 5.59 | 4.60 |
| Interest coveragei | -- | 71.94 | 48.75 | 31.27 | 39.03 | 49.75 | 71.26 | 109.83 |
| Revenue CAGR (3Y) %i | -- | 80.00 | 38.47 | 18.06 | 3.67 | -1.63 | -3.13 | 5.10 |
| Net income CAGR (3Y) %i | -- | 264.83 | 46.33 | 18.23 | -2.62 | 5.79 | 29.93 | 44.33 |
| FCF CAGR (3Y) %i | -- | 92.27 | 21.85 | -23.25 | 2.82 | 12.08 | 55.02 | 12.05 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | 14.35 | 14.12 | 14.78 | 14.93 | 12.00 | 11.00 |
| ROA %i | 10.73 | 10.76 | 11.41 | 11.46 | 8.95 | 7.93 |
| ROIC %i | 11.86 | 11.87 | 12.68 | 12.99 | 10.28 | 8.89 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 40.55 | 41.28 | 41.12 | 40.72 | 33.43 | 33.18 |
| FCF / sales %i | 31.31 | 25.67 | 29.28 | 27.48 | 26.48 | 30.08 |
| Current ratioi | 1.83 | 1.87 | 2.09 | 2.22 | 2.09 | 1.74 |
| Quick ratioi | 1.60 | 1.57 | 1.81 | 2.02 | 1.84 | 1.59 |
| Debt / assetsi | 6.19 | 5.60 | 3.69 | 3.72 | 4.85 | 14.44 |
| LT debt / equityi | 5.21 | 4.52 | 4.55 | 4.60 | 6.36 | 13.73 |
| Interest coveragei | 98.77 | 119.01 | 326.10 | 109.83 | 78.18 | 82.78 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
✦ Quant Revenue Concentration how this is computed
Single-engine
- Revenue from music related services is the largest reported line at 85.13% of revenue, across 2 reported segments.
- The next-largest line, Revenue from social entertainment services and others, is a distant second at 14.87% - a sharp slowdown here would have little to offset it.
Revenue breakdown most recent period
Business
Revenue from music related services85.13%
Revenue from social entertainment services and others14.87%
Quote time 2026-10-08 08:03:14 · For reference only, not investment advice and not tailored to your situation.