Added to YB: 2025-01-06
Pitch date: 2024-11-19
TME [bullish]
Tencent Music Entertainment Group
+63.93%
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
$11.11
Price Target
36.65 (+101%)
Dividend
0.95%
EV/EBITDA
15.39
P/E
19.37
EV/Sales
6.21
Sector
Entertainment
Category
growth
Tencent Music Entertainment Group - $TME
TME: Online Music segment focus driving growth. SVIP tier ($5.50/mo) gaining traction with 10M users. Paying users up 61% since 2021 to 127M. Strong margins (31% operating) & cash ($4.5B net). Conservative base case: 97% upside to $22.60 by 2028. Key metric: Online Music ARPPU.
Read full article (14 min)