Tencent Music Entertainment Group Future Growth
Future criteria checks 2/6
Tencent Music Entertainment Group is forecast to grow earnings and revenue by 15.2% and 9.1% per annum respectively. EPS is expected to grow by 15.2% per annum. Return on equity is forecast to be 12.1% in 3 years.
Key information
15.2%
Earnings growth rate
15.2%
EPS growth rate
| Entertainment earnings growth | 27.7% |
| Revenue growth rate | 9.1% |
| Future return on equity | 12.1% |
| Analyst coverage | Good |
| Last updated | 18 Dec 2024 |
Recent future growth updates
Recent updates
Tencent Music: Singing To Its Strengths While Social Entertainment Hits A Sour Note
Nov 21Tencent Music Entertainment Group: ARPPU Challenge Overshadows Subscriber Growth
Nov 13We Like These Underlying Return On Capital Trends At Tencent Music Entertainment Group (NYSE:TME)
Nov 01
Many Things To Like About Tencent Music Entertainment
Oct 11Investors Appear Satisfied With Tencent Music Entertainment Group's (NYSE:TME) Prospects As Shares Rocket 30%
Oct 11Is There An Opportunity With Tencent Music Entertainment Group's (NYSE:TME) 47% Undervaluation?
Sep 28Tencent Music Entertainment Group's (NYSE:TME) 25% Cheaper Price Remains In Tune With Earnings
Aug 20Tencent Music Entertainment Group: Positive Fundamental Trends But Richly Valued
Jul 31Tencent Music Entertainment Group (NYSE:TME) Might Have The Makings Of A Multi-Bagger
Jul 21Tencent Music Entertainment Group (NYSE:TME) Could Easily Take On More Debt
Jul 01Calculating The Intrinsic Value Of Tencent Music Entertainment Group (NYSE:TME)
May 24Earnings Tell The Story For Tencent Music Entertainment Group (NYSE:TME)
May 06Should You Think About Buying Tencent Music Entertainment Group (NYSE:TME) Now?
Apr 06Tencent Music Entertainment Group (NYSE:TME) Analysts Are Pretty Bullish On The Stock After Recent Results
Mar 22Tencent Music Entertainment's Foreseeable Path To Prosperity With Structural Opportunities
Mar 06Does Tencent Music Entertainment Group (NYSE:TME) Have A Healthy Balance Sheet?
Mar 01Some Investors May Be Worried About Tencent Music Entertainment Group's (NYSE:TME) Returns On Capital
Feb 15Tencent Music Entertainment: Consider Music Business Growth And Shareholder Return
Jan 11Tencent Music: Turnaround, Interrupted
Oct 26Tencent Music: Post-Earnings Stock Price Outperformance Isn't Sustainable
Aug 18Tencent Music: It's Time To Tune In
Jul 25Tencent Music Entertainment: Staying On The Sidelines
Jun 12Tencent Music Entertainment: Change Takes Time
Jan 31Tencent Music Entertainment Non-GAAP EPADS of $0.12 beats by $0.02, revenue of $1.04B beats by $49.33M
Nov 15Tencent Music Entertainment: No Surprises Expected
Oct 31Tencent Music successfully lists on Hong Kong stock exchange
Sep 21Tencent Music gains on report it may list in Hong Kong as soon as next week
Sep 14Tencent Music Entertainment partners with Billboard to promote high-quality Chinese music
Aug 31Tencent Music Entertainment: Earnings Beat Overshadowed By Mixed Outlook
Aug 19Tencent Music Entertainment Q2 2022 Earnings Preview
Aug 12Shrinking Tencent Music Looks For Sustainable Business Model
May 18Tencent Music Entertainment: Monopoly Trading At A Deeply Discounted Valuation
Apr 06Tencent Music: A Misunderstood, Underappreciated And Undervalued Business
Jan 23Earnings and Revenue Growth Forecasts
| Date | Revenue | Earnings | Free Cash Flow | Cash from Op | Avg. No. Analysts |
|---|---|---|---|---|---|
| 12/31/2026 | 34,090 | 8,707 | 9,606 | 10,566 | 23 |
| 12/31/2025 | 30,979 | 7,608 | 8,404 | 9,307 | 29 |
| 12/31/2024 | 28,252 | 6,425 | 6,530 | 7,703 | 29 |
| 9/30/2024 | 27,836 | 5,993 | 8,608 | 9,772 | N/A |
| 6/30/2024 | 27,390 | 5,578 | 7,884 | 9,048 | N/A |
| 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 | N/A | 2,626 | N/A |
| 3/31/2018 | 12,855 | 1,969 | N/A | 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: TME's forecast earnings growth (15.2% per year) is above the savings rate (2.6%).
Earnings vs Market: TME's earnings (15.2% per year) are forecast to grow faster than the US market (15.2% per year).
High Growth Earnings: TME's earnings are forecast to grow, but not significantly.
Revenue vs Market: TME's revenue (9.1% per year) is forecast to grow slower than the US market (9.1% per year).
High Growth Revenue: TME's revenue (9.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TME's Return on Equity is forecast to be low in 3 years time (12.1%).
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/19 13:52 |
| End of Day Share Price | 2024/12/19 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
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Industry and Sector Metrics
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Analyst Sources
Tencent Music Entertainment Group is covered by 57 analysts. 29 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Ishan Majumdar | Baptista Research |
| Jiong Shao | Barclays |
| Yanfang Jiang | Benchmark Company |