Tencent Music Entertainment Group (TME)

TME Ratios and Metrics

Market cap in millions USD. Fiscal year is January - December.

Fiscal Year	Current	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Feb 21, 2025	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Market Capitalization	22,753	14,256	13,265	11,594	32,276	19,197
Market Cap Growth	88.87%	7.47%	14.41%	-64.08%	68.13%	-11.21%
Enterprise Value	19,226	12,222	11,613	9,402	29,453	16,336
Last Close Price	14.38	8.93	8.21	6.79	19.07	11.64
PE Ratio	26.41	20.55	24.88	24.32	50.71	33.57
Forward PE	19.57	16.19	17.62	19.91	36.72	24.49
PS Ratio	5.60	3.64	3.23	2.36	7.23	5.26
PB Ratio	2.46	1.77	1.86	1.44	4.00	3.06
P/TBV Ratio	3.39	3.17	3.85	2.74	6.44	5.38
P/FCF Ratio	17.17	14.09	12.37	14.50	44.11	21.89
P/OCF Ratio	16.33	13.78	12.23	14.06	43.14	21.56
PEG Ratio	1.01	0.87	0.98	26.73	1.75	0.74
EV/Sales Ratio	4.84	3.12	2.83	1.91	6.60	4.47
EV/EBITDA Ratio	18.09	15.15	18.11	14.42	40.24	24.68
EV/EBIT Ratio	19.69	17.34	22.56	19.02	47.58	27.83
EV/FCF Ratio	14.51	12.08	10.83	11.76	40.25	18.63
Debt / Equity Ratio	0.06	0.11	0.12	0.10	0.10	0.00
Debt / EBITDA Ratio	0.50	1.03	1.31	1.29	1.13	0.03
Debt / FCF Ratio	0.40	0.84	0.81	1.05	1.15	0.02
Asset Turnover	0.35	0.39	0.42	0.46	0.48	0.52
Inventory Turnover	1428.09	1632.45	1029.79	1040.00	902.32	549.54
Quick Ratio	2.06	2.22	2.03	2.32	3.02	2.93
Current Ratio	2.26	2.49	2.27	2.56	3.30	3.17
Return on Equity (ROE)	10.70%	9.82%	7.66%	6.20%	8.66%	9.77%
Return on Assets (ROA)	5.43%	4.38%	3.31%	2.90%	4.18%	5.25%
Return on Capital (ROIC)	6.57%	5.28%	3.98%	3.42%	4.95%	6.26%
Return on Capital Employed (ROCE)	9.88%	7.87%	6.42%	5.53%	6.89%	9.25%
Earnings Yield	3.76%	4.87%	4.02%	4.11%	1.97%	2.98%
FCF Yield	5.82%	7.09%	8.08%	6.90%	2.27%	4.57%
Dividend Yield	0.95%	1.53%	-	-	-	-
Buyback Yield / Dilution	1.03%	2.04%	3.82%	-0.08%	-0.39%	-5.96%
Total Shareholder Return	1.99%	3.58%	3.82%	-0.08%	-0.39%	-5.96%

Source: S&P Capital IQ. Standard template. Financial Sources.