Tencent Music Entertainment Stock Price To Book
| TME Stock | USD 11.52 0.08 0.70% |
Tencent Music Entertainment fundamentals help investors to digest information that contributes to Tencent Music's financial success or failures. It also enables traders to predict the movement of Tencent Stock. The fundamental analysis module provides a way to measure Tencent Music's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Tencent Music stock.
As of November 22, 2024, Price To Book Ratio is expected to decline to 1.72. Tencent | Price To Book |
Tencent Music Entertainment Company Price To Book Analysis
Tencent Music's Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Current Tencent Music Price To Book | 2.29 X |
Most of Tencent Music's fundamental indicators, such as Price To Book, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Tencent Music Entertainment is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Tencent Price To Book Driver Correlations
Understanding the fundamental principles of building solid financial models for Tencent Music is extremely important. It helps to project a fair market value of Tencent Stock properly, considering its historical fundamentals such as Price To Book. Since Tencent Music's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Tencent Music's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Tencent Music's interrelated accounts and indicators.
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Tencent Price To Book Historical Pattern
Today, most investors in Tencent Music Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Tencent Music's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's price to book growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Tencent Music price to book as a starting point in their analysis.
Tencent Music Price To Book |
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Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
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Tencent Book Value Per Share
Book Value Per Share |
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Based on the latest financial disclosure, Tencent Music Entertainment has a Price To Book of 2.2864 times. This is 80.01% lower than that of the Entertainment sector and significantly higher than that of the Communication Services industry. The price to book for all United States stocks is 75.96% higher than that of the company.
Tencent Price To Book Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Tencent Music's direct or indirect competition against its Price To Book to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Tencent Music could also be used in its relative valuation, which is a method of valuing Tencent Music by comparing valuation metrics of similar companies.Tencent Music is currently under evaluation in price to book category among its peers.
Tencent Music Current Valuation Drivers
We derive many important indicators used in calculating different scores of Tencent Music from analyzing Tencent Music's financial statements. These drivers represent accounts that assess Tencent Music's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Tencent Music's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 133.7B | 208.0B | 72.3B | 91.5B | 101.5B | 144.7B | |
| Enterprise Value | 118.5B | 202.4B | 71.0B | 87.9B | 94.0B | 136.7B |
Tencent Music ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Tencent Music's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Tencent Music's managers, analysts, and investors.Environmental | Governance | Social |
Tencent Fundamentals
| Return On Equity | 0.11 | ||||
| Return On Asset | 0.0543 | ||||
| Profit Margin | 0.22 % | ||||
| Operating Margin | 0.26 % | ||||
| Current Valuation | 16.24 B | ||||
| Shares Outstanding | 857.15 M | ||||
| Shares Owned By Institutions | 56.92 % | ||||
| Number Of Shares Shorted | 20.27 M | ||||
| Price To Earning | 15.09 X | ||||
| Price To Book | 2.29 X | ||||
| Price To Sales | 0.71 X | ||||
| Revenue | 27.75 B | ||||
| Gross Profit | 8.77 B | ||||
| EBITDA | 7.17 B | ||||
| Net Income | 6.04 B | ||||
| Cash And Equivalents | 9.55 B | ||||
| Cash Per Share | 13.27 X | ||||
| Total Debt | 6.05 B | ||||
| Debt To Equity | 0.12 % | ||||
| Current Ratio | 2.33 X | ||||
| Book Value Per Share | 41.06 X | ||||
| Cash Flow From Operations | 7.34 B | ||||
| Short Ratio | 2.51 X | ||||
| Earnings Per Share | 0.49 X | ||||
| Price To Earnings To Growth | 0.76 X | ||||
| Target Price | 105.27 | ||||
| Number Of Employees | 5.18 K | ||||
| Beta | 0.66 | ||||
| Market Capitalization | 19.82 B | ||||
| Total Asset | 75.54 B | ||||
| Retained Earnings | 16.97 B | ||||
| Working Capital | 17.92 B | ||||
| Annual Yield | 0.01 % | ||||
| Net Asset | 75.54 B |
About Tencent Music Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Tencent Music Entertainment's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Tencent Music using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Tencent Music Entertainment based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Tencent Music Entert is a strong investment it is important to analyze Tencent Music's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Tencent Music's future performance. For an informed investment choice regarding Tencent Stock, refer to the following important reports:Check out Tencent Music Piotroski F Score and Tencent Music Altman Z Score analysis. You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Is Movies & Entertainment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Tencent Music. If investors know Tencent will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Tencent Music listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.351 | Earnings Share 0.49 | Revenue Per Share 18.009 | Quarterly Revenue Growth 0.068 | Return On Assets 0.0543 |
The market value of Tencent Music Entert is measured differently than its book value, which is the value of Tencent that is recorded on the company's balance sheet. Investors also form their own opinion of Tencent Music's value that differs from its market value or its book value, called intrinsic value, which is Tencent Music's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Tencent Music's market value can be influenced by many factors that don't directly affect Tencent Music's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Tencent Music's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tencent Music is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tencent Music's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.