Professional
Added to YB: 2025-05-01
Pitch date: 2025-03-31
TME [neutral]
Tencent Music Entertainment Group
+31.88%
current return
Author Info
No bio for this author
Company Info
Tencent Music Entertainment Group operates online music entertainment platforms that provides music streaming, online karaoke, and live streaming services in the People’s Republic of China.
Market Cap
$212.6B
Pitch Price
$54.56
Price Target
N/A
Dividend
0.95%
EV/EBITDA
15.39
P/E
19.37
EV/Sales
6.21
Sector
Entertainment
Category
growth
Polen International Growth Portfolio Holding: Tencent Music Entertainment Group
TME (holding update): China's leading music streamer (70% market share) w/ 575M users & 100M subs. Key growth drivers: rising ARPU ($1.30/mo), low churn & <20% sub penetration. As largest CN music label, enjoys higher margins vs Western peers. Mid-teens 5yr earnings CAGR expected, attractive at 20x P/E. Tencent owns 53% equity/93% voting rights.
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