Tencent Music Entertainment Group Future Growth
Future criteria checks 3/6
Tencent Music Entertainment Group is forecast to grow earnings and revenue by 15.6% and 9.4% per annum respectively. EPS is expected to grow by 16.2% per annum. Return on equity is forecast to be 12.6% in 3 years.
Key information
15.6%
Earnings growth rate
16.2%
EPS growth rate
Entertainment earnings growth | 35.3% |
Revenue growth rate | 9.4% |
Future return on equity | 12.6% |
Analyst coverage | Good |
Last updated | 15 May 2024 |
Recent future growth updates
No updates
Recent updates
Earnings and Revenue Growth Forecasts
Date | Revenue | Earnings | Free Cash Flow | Cash from Op | Avg. No. Analysts |
---|---|---|---|---|---|
12/31/2026 | 35,923 | 8,731 | 9,487 | 10,485 | 21 |
12/31/2025 | 32,225 | 7,359 | 7,943 | 8,847 | 30 |
12/31/2024 | 28,835 | 6,326 | 6,471 | 7,408 | 30 |
3/31/2024 | 27,516 | 5,194 | 7,007 | 8,171 | N/A |
12/31/2023 | 27,752 | 4,920 | 6,173 | 7,337 | N/A |
9/30/2023 | 28,284 | 4,765 | 6,801 | 7,854 | N/A |
6/30/2023 | 29,080 | 4,658 | 6,612 | 7,665 | N/A |
3/31/2023 | 28,699 | 4,216 | 5,786 | 6,839 | N/A |
12/31/2022 | 28,339 | 3,677 | 6,428 | 7,481 | N/A |
9/30/2022 | 28,521 | 3,062 | 3,051 | 5,809 | N/A |
6/30/2022 | 28,961 | 2,741 | 3,394 | 6,152 | N/A |
3/31/2022 | 30,064 | 2,712 | 3,097 | 5,855 | N/A |
12/31/2021 | 31,244 | 3,029 | 2,481 | 5,239 | N/A |
9/30/2021 | 31,972 | 3,690 | 5,780 | 6,281 | N/A |
6/30/2021 | 31,742 | 4,082 | 4,701 | 5,202 | N/A |
3/31/2021 | 30,666 | 4,194 | 5,196 | 5,697 | N/A |
12/31/2020 | 29,153 | 4,155 | 4,384 | 4,885 | N/A |
9/30/2020 | 28,111 | 4,000 | 4,768 | 5,054 | N/A |
6/30/2020 | 27,043 | 3,894 | 5,380 | 5,890 | N/A |
3/31/2020 | 26,009 | 3,882 | 6,054 | 6,340 | N/A |
12/31/2019 | 25,434 | 3,982 | 5,914 | 6,200 | N/A |
9/30/2019 | 23,538 | 2,064 | 5,955 | 6,099 | N/A |
6/30/2019 | 22,000 | 2,002 | 6,218 | 6,391 | N/A |
3/31/2019 | 20,605 | 1,979 | 6,340 | 6,484 | N/A |
12/31/2018 | 18,985 | 1,833 | 5,488 | 5,632 | N/A |
9/30/2018 | 17,174 | 3,245 | 3,420 | 3,447 | N/A |
6/30/2018 | 15,115 | 2,675 | 2,527 | 2,626 | N/A |
3/31/2018 | 12,855 | 1,969 | 1,545 | 1,609 | N/A |
12/31/2017 | 10,981 | 1,326 | N/A | 2,500 | N/A |
9/30/2017 | 8,614 | 904 | N/A | 3,050 | N/A |
6/30/2017 | 6,923 | 623 | N/A | 2,524 | N/A |
3/31/2017 | 5,642 | 353 | N/A | 1,699 | N/A |
12/31/2016 | 4,361 | 82 | N/A | 873 | N/A |
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 1698's forecast earnings growth (15.6% per year) is above the savings rate (2.2%).
Earnings vs Market: 1698's earnings (15.6% per year) are forecast to grow faster than the Hong Kong market (12.2% per year).
High Growth Earnings: 1698's earnings are forecast to grow, but not significantly.
Revenue vs Market: 1698's revenue (9.4% per year) is forecast to grow faster than the Hong Kong market (8.1% per year).
High Growth Revenue: 1698's revenue (9.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 1698's Return on Equity is forecast to be low in 3 years time (12.6%).