Tencent Music Entertainment Group (TCMEF) stock

TCMEFOTCRadio Broadcasting StationsFiscal year ends December 31Also trades as TME

Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 17, 2026Score 12/30

$4.69+0.70 (+17.54%)

Close on Oct 19, 2026Market cap $7.38BP/E –Yield –

Tencent Music Entertainment statistics

91 measures from SEC filings and the closing price. Hover a name for the formula; the last column is the median of companies in the same industry group.

Important dates

Next earnings: –
Last ex-dividend date: Apr 1, 2026
Fundamentals through: Jun 30, 2026
Share price as of: –

Valuation ratiosIndustry

Market Cap: CN¥94.67B; –
Enterprise Value: CN¥86.91B; –
PS Ratio: 2.88; –
PB Ratio: 1.21; –
P/TBV Ratio: 2.22; –
P/FCF Ratio: 9.54; –
P/OCF Ratio: 9.25; –

Enterprise valuationIndustry

EV / Sales: 2.64; –
EV / EBITDA: 5.90; –
EV / EBIT: 6.50; –
EV / FCF: 8.76; –

Share statisticsIndustry

Shares Outstanding: 3.15B; –
Shares Change (YoY): -0.70%; –
Float: 1.32B; –
Shares Held by Insiders: 58.0%; –
Shares Held by Institutions: 13.7%; –

Short sellingIndustry

Short Interest: 31M; –
Short Interest Change: -2.13%; –
Days to Cover: 5.65; –

Stock price statisticsIndustry

Price Change (1 Week): 6.48%; –
Price Change (1 Month): 14.9%; –
Price Change (3 Months): -5.14%; –
Price Change (6 Months): -1.31%; –
Price Change (YTD): -48.4%; –
Price Change (1 Year): -59.5%; –
Price Change (3 Years): 20.7%; –
Price Change (5 Years): 14.9%; –
Average Volume (10 Days): 6M; –
Average Volume (20 Days): 5M; –
Average Volume (90 Days): 8M; –
Relative Volume: 1.01; –
Relative Strength Index (14): 68.1; –
Volatility (1 Year): 46.9%; –
Beta (5 Years): 1.04; –

MarginsIndustry

Gross Margin: 44.2%; –
Operating Margin: 40.6%; –
Pretax Margin: 40.4%; –
Profit Margin: 33.6%; –
EBITDA Margin: 44.8%; –
FCF Margin: 30.2%; –

Returns on capitalIndustry

Return on Equity (ROE): 14.1%; –
Return on Assets (ROA): 9.45%; –
Return on Invested Capital (ROIC): 16.9%; –
Return on Capital Employed (ROCE): 14.2%; –

Financial positionIndustry

Current Ratio: 1.74; –
Quick Ratio: 1.23; –
Debt / Equity: 0.17; –
Debt / EBITDA: 0.89; –
Debt / FCF: 1.32; –
Net Debt / EBITDA: -0.72; –
Interest Coverage: 103.60; –

GrowthIndustry

Revenue Growth (YoY): 15.8%; –
Net Income Growth (YoY): 66.4%; –
FCF Growth (YoY): -0.30%; –
Revenue Growth (3Y CAGR): 5.10%; –
Revenue Growth (5Y CAGR): 2.45%; –

EfficiencyIndustry

Asset Turnover: 0.28; –
Inventory Turnover: 187.42; –
Revenue Per Employee: CN¥329.02K; –
Profits Per Employee: CN¥110.56K; –
Employee Count: 100,000; –
WACC: 9.39%; –

Income statement (TTM)Industry

Revenue: CN¥32.90B; –
Gross Profit: CN¥14.54B; –
Operating Income: CN¥13.36B; –
Pretax Income: CN¥13.28B; –
Net Income: CN¥11.06B; –
EBITDA: CN¥14.74B; –

Balance sheetIndustry

Cash & Short-Term Investments: CN¥23.70B; –
Total Debt: CN¥13.14B; –
Net Cash (Debt): CN¥10.56B; –
Net Cash Per Share: 3.35 CNY; –
Equity (Book Value): CN¥78.27B; –
Book Value Per Share: 24.87 CNY; –
Tangible Book Value: CN¥42.62B; –
Working Capital: CN¥16.94B; –

Cash flow (TTM)Industry

Operating Cash Flow: CN¥10.23B; –
Capital Expenditures: -CN¥305.00M; –
Free Cash Flow: CN¥9.93B; –
FCF Per Share: 3.15 CNY; –

Dividends and yieldsIndustry

Earnings Yield: 11.7%; –
FCF Yield: 10.5%; –
Buyback Yield: 0.41%; –
Shareholder Yield: 0.41%; –
Payout Ratio: 17.9%; –
FCF Payout Ratio: 19.9%; –

Taxes and interestIndustry

Interest Expense: CN¥129.00M; –
Income Tax: CN¥1.92B; –
Effective Tax Rate: 14.5%; –

Scores and fair valueIndustry

Altman Z-Score: 2.79; –
Piotroski F-Score: 7; –

Total return vs. the S&P 500

Price change plus reinvested dividends, to the close on Oct 19, 2026. The S&P 500 is measured by the SPY fund.

Period	TCMEF	S&P 500	Difference
1 month	+17.5%	+0.6%	+16.9 pts
3 months	-24.8%	+3.4%	−28.2 pts
Year to date	-55.0%	+13.3%	−68.3 pts

Short interest

Shares sold short and not yet covered, reported by brokers to FINRA twice a month. Latest settlement date Oct 15, 2026.

1M TCMEF shares were sold short on Oct 15, 2026, up 43.1% from the previous report. At recent volumes it would take 1000.0 days to buy them back.

Settlement date	Shares short	Change	Avg. daily volume	Days to cover
Oct 15, 2026	1,012,386	+43.1%	0	1000.0
Sep 30, 2026	707,386	-37.3%	0	1000.0
Sep 15, 2026	1,128,478	+941.0%	900	1000.0
Aug 31, 2026	108,400	-94.1%	0	1000.0
Aug 14, 2026	1,843,850	+26.5%	0	1000.0
Jul 31, 2026	1,457,450	-13.1%	33,333	43.7
Jul 15, 2026	1,677,250	+838525.0%	13,600	123.3
Jun 30, 2026	200	0.0%	0	1000.0
Jun 15, 2026	200	0.0%	1	200.0
May 29, 2026	200	0.0%	0	1000.0
May 15, 2026	200	0.0%	0	1000.0
Apr 30, 2026	200	-71.4%	0	1000.0

Ratios use trailing-twelve-month results and the latest balance sheet. How we calculate.

Where these numbers come from

Parsed from the XBRL in Tencent Music Entertainment's annual and quarterly filings with the SEC
Fourth quarters derived from the annual report minus nine months
Every figure in the statements links to its source filing

Against peers

Trailing twelve months. Peers are matched on business description, industry and size. Ticks are peers, the dot is TCMEF.

Compare: TCMEF vs SPOT · TCMEF vs SIRI · TCMEF vs IHRT · TCMEF vs SKYD · TCMEF vs BILI

Revenue growth15.8% · median 1.8%

Gross margin44.2% · median 35.2%

Operating margin40.6% · median 2.5%

Net margin33.6% · median -0.0%

Company	Revenue	Growth
TCMEF	CN¥32.90B	+15.8%
SKYD	$28.76B	-1.8%
BILI	CN¥21.90B	+13.0%
SIRI	$8.60B	+0.5%
IHRT	$3.99B	+3.1%
SPOT	–	–

Company

Exchange: OTC
Industry: Radio Broadcasting Stations
Fiscal year ends: December 31
Employees: 100,000
Auditor: PricewaterhouseCoopers Zhong Tian LLP
SEC CIK: 1744676

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