Tencent Music Entertainment Group EV/EBIT LTM
| Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | |
|---|---|---|---|---|---|---|
| EV/EBIT LTM | 36.2x | 46.5x | 86.0x | 12.9x | 20.6x | 14.9x |
Tencent Music Entertainment Group (TME) EV/EBIT LTM comparison analysis
General
LTM EV/EBIT LTM
OTHER METRICS
Company name
Revenue growth
EPS growth
Net Income margin
TME key stats
| Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | |
|---|---|---|---|---|---|---|---|---|
% growth | 656.9 0.0% | 1,624.9 147.4% | 2,873.4 76.8% | 3,682.3 28.1% | 4,226.8 14.8% | 4,842.4 14.6% | 4,218.7 (12.9%) | 3,921.0 (7.1%) |
| Cost of Goods Sold (COGS) | 471.3 | 1,061.1 | 1,772.0 | 2,426.6 | 2,878.1 | 3,384.9 | 2,912.7 | 2,537.1 |
% margin | 185.6 28.3% | 563.8 34.7% | 1,101.4 38.3% | 1,255.7 34.1% | 1,348.7 31.9% | 1,457.5 30.1% | 1,306.0 31.0% | 1,383.9 35.3% |
| Operating Expenses | 171.6 | 355.7 | 601.2 | 686.8 | 808.5 | 1,036.4 | 827.2 | 527.9 |
| Research & Development Expenses (R&D) | 67.6 | 117.9 | 141.8 | 167.8 | 241.7 | 362.5 | 384.1 | 0.0 |
| Selling, General & Administrative Expenses (SG&A) | 172.9 | 360.2 | 601.2 | 686.8 | 808.5 | 1,036.4 | 827.2 | 709.0 |
% margin | 15.5 2.4% | 235.7 14.5% | 308.6 10.7% | 669.2 18.2% | 682.9 16.2% | 426.5 8.8% | 661.4 15.7% | 856.1 21.8% |
| Interest Income | 4.8 | 13.8 | 42.7 | 89.0 | 90.2 | 82.1 | 105.8 | 148.6 |
| Interest Expense | 0.0 | 0.0 | 5.3 | 9.3 | 14.1 | 18.8 | 16.1 | 17.5 |
| Pre-tax Income | 17.2 | 236.3 | 303.2 | 657.3 | 671.6 | 562.9 | 651.0 | 854.1 |
% effective tax rate | 4.4 25.4% | 41.1 17.4% | 25.9 8.5% | 81.5 12.4% | 66.1 9.8% | 64.6 11.5% | 79.5 12.2% | 116.6 13.6% |
% margin | 12.4 1.9% | 196.2 12.1% | 277.4 9.7% | 576.5 15.7% | 602.4 14.3% | 469.5 9.7% | 547.4 13.0% | 695.1 17.7% |
| EPS | 0.01 | 0.12 | 0.18 | 0.35 | 0.36 | 0.28 | 0.17 | 0.44 |
| Diluted EPS | 0.01 | 0.12 | 0.18 | 0.34 | 0.36 | 0.28 | 0.17 | 0.44 |
% margin | 49.6 7.5% | 292.4 18.0% | 364.3 12.7% | 751.5 20.4% | 805.4 19.1% | 736.7 15.2% | 840.8 19.9% | 1,013.5 25.8% |
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FAQ
1) What is Tencent Music Entertainment Group's EV/EBIT LTM?
As of today, Microsoft Corp's last 12-month EV/EBIT LTM is 5.1x, based on the financial report for Dec 30, 2024 (Q4’2024). The average annual EV/EBIT LTM for Tencent Music Entertainment Group have been 14.3x over the past three years, and 23.7x over the past five years.
2) Is Tencent Music Entertainment Group's EV/EBIT LTM Good?
As of today, Tencent Music Entertainment Group's EV/EBIT LTM is 5.1x, which is higher than industry median of 2.7x. It indicates that Tencent Music Entertainment Group's EV/EBIT LTM is Bad.