Tencent Music Entertainment Group
Tencent Music Entertainment Group operates online music entertainment platforms that provides music streaming, online karaoke, and live streaming services in the People's Republic of China. It offers QQ Music, Kugou Music, and Kuwo Music that enable users to discover, enjoy, and share music in personalized ways; long-form audio content, including audiobooks, podcasts and talk shows, as well as mu… Read more
Tencent Music Entertainment Group (TME) - Net Assets
Latest net assets as of September 2025: $85.43 Billion USD
Based on the latest financial reports, Tencent Music Entertainment Group (TME) has net assets worth $85.43 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($104.87 Billion) and total liabilities ($19.44 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $85.43 Billion |
| % of Total Assets | 81.46% |
| Annual Growth Rate | 16.44% |
| 5-Year Change | 32.23% |
| 10-Year Change | N/A |
| Growth Volatility | 246.77 |
Tencent Music Entertainment Group - Net Assets Trend (2016–2024)
This chart illustrates how Tencent Music Entertainment Group's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Tencent Music Entertainment Group (2016–2024)
The table below shows the annual net assets of Tencent Music Entertainment Group from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $69.73 Billion | +21.89% |
| 2023-12-31 | $57.20 Billion | +16.44% |
| 2022-12-31 | $49.13 Billion | -3.78% |
| 2021-12-31 | $51.05 Billion | -3.18% |
| 2020-12-31 | $52.73 Billion | +740.91% |
| 2019-12-31 | $6.27 Billion | -83.40% |
| 2018-12-31 | $37.77 Billion | +44.45% |
| 2017-12-31 | $26.15 Billion | +26.72% |
| 2016-12-31 | $20.63 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tencent Music Entertainment Group's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 2010800000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $20.05 Billion | 29.55% |
| Common Stock | $2.00 Million | 0.00% |
| Other Comprehensive Income | $19.84 Billion | 29.24% |
| Other Components | $27.96 Billion | 41.21% |
| Total Equity | $67.86 Billion | 100.00% |
Tencent Music Entertainment Group Competitors by Market Cap
The table below lists competitors of Tencent Music Entertainment Group ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tbea Co Ltd
SHG:600089
|
$16.96 Billion |
|
Las Vegas Sands Corp
NYSE:LVS
|
$17.01 Billion |
|
Centene Corp
NYSE:CNC
|
$17.01 Billion |
|
Maruti Suzuki India Limited
NSE:MARUTI
|
$17.02 Billion |
|
B3 S.A. - Brasil Bolsa Balcão
PINK:BOLSY
|
$16.93 Billion |
|
Astellas Pharma Inc
PINK:ALPMF
|
$16.93 Billion |
|
PTT Exploration & Production
PINK:PEXNY
|
$16.92 Billion |
|
Fresenius SE & Co. KGaA
PINK:FSNUF
|
$16.86 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tencent Music Entertainment Group's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 55,907,000,000 to 67,863,000,000, a change of 11,956,000,000 (21.4%).
- Net income of 6,644,000,000 contributed positively to equity growth.
- Dividend payments of 1,508,000,000 reduced retained earnings.
- Share repurchases of 1,925,000,000 reduced equity.
- Other comprehensive income increased equity by 10,187,000,000.
- Other factors decreased equity by 1,442,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $6.64 Billion | +9.79% |
| Dividends Paid | $1.51 Billion | -2.22% |
| Share Repurchases | $1.93 Billion | -2.84% |
| Other Comprehensive Income | $10.19 Billion | +15.01% |
| Other Changes | $-1.44 Billion | -2.12% |
| Total Change | $- | 21.39% |
Book Value vs Market Value Analysis
This analysis compares Tencent Music Entertainment Group's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.35x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.20x to 0.35x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | $12.60 | $15.09 | x |
| 2017-12-31 | $15.97 | $15.09 | x |
| 2018-12-31 | $23.88 | $15.09 | x |
| 2019-12-31 | $3.74 | $15.09 | x |
| 2020-12-31 | $31.09 | $15.09 | x |
| 2021-12-31 | $29.92 | $15.09 | x |
| 2022-12-31 | $29.74 | $15.09 | x |
| 2023-12-31 | $35.29 | $15.09 | x |
| 2024-12-31 | $43.35 | $15.09 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tencent Music Entertainment Group utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 9.79%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 23.39%
- • Asset Turnover: 0.31x
- • Equity Multiplier: 1.33x
- Recent ROE (9.79%) is below the historical average (12.69%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 0.40% | 1.88% | 0.19x | 1.14x | $-1.98 Billion |
| 2017 | 5.07% | 12.08% | 0.37x | 1.15x | $-1.29 Billion |
| 2018 | 4.86% | 9.65% | 0.43x | 1.18x | $-1.94 Billion |
| 2019 | 63.63% | 15.66% | 3.36x | 1.21x | $3.36 Billion |
| 2020 | 7.95% | 14.25% | 0.43x | 1.31x | $-1.07 Billion |
| 2021 | 6.02% | 9.69% | 0.46x | 1.34x | $-2.00 Billion |
| 2022 | 7.64% | 12.98% | 0.42x | 1.39x | $-1.13 Billion |
| 2023 | 8.80% | 17.73% | 0.37x | 1.35x | $-670.70 Million |
| 2024 | 9.79% | 23.39% | 0.31x | 1.33x | $-142.30 Million |
Industry Comparison
This section compares Tencent Music Entertainment Group's net assets metrics with peer companies in the Internet Content & Information industry.
Industry Context
- Industry: Internet Content & Information
- Average net assets among peers: $3,625,500,796
- Average return on equity (ROE) among peers: 1.17%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tencent Music Entertainment Group (TME) | $85.43 Billion | 0.40% | 0.23x | $16.95 Billion |
| ADWYF (ADWYF) | $12.45 Billion | 1.32% | 0.53x | $40.28 Million |
| Allied Energy Inc (AGGI) | $-1.09 Million | 0.00% | 0.00x | $122.37 Million |
| Calibre (ALWIN) | $-687.00K | 0.00% | 0.00x | $6.06 Million |
| ANGI Homeservices Inc (ANGI) | $176.39 Million | -4.45% | 0.68x | $215.27 Million |
| ApartmentLove Inc (APMLF) | $-12.38K | 0.00% | 0.00x | $1.13K |
| Arena Group Holdings Inc (AREN) | $-52.15 Million | 0.00% | 0.00x | $35.83 Million |
| Autohome Inc (ATHM) | $7.12 Billion | 13.92% | 0.06x | $2.50 Billion |
| Bebuzee Inc. (BBUZ) | $237.99 Million | -0.19% | 0.00x | $636.50 |
| BDCTF (BDCTF) | $3.15 Million | -39.54% | 7.80x | $12.72 Million |
| Baidu Inc (BIDU) | $16.33 Billion | 40.66% | 0.43x | $41.50 Billion |