With around 600 million monthly active users Tencent Music Entertainment is the largest music streaming platform in China. The firm monetizes its services mainly through monthly subscriptions, livestreaming, and advertising.
Compared with Spotify, TME has plenty of room for subscriber growth that should come about as it moves more music content behind the paywall.
The removal of exclusive content sourcing deals will enable competitors to bridge the music content gap and grab market share from TME.
|
Metric
|
TME
|
SIRI
|
SPOT
|
|---|---|---|---|
Price/Earnings (Normalized) | 24.97 | 7.77 | 409.97 |
Price/Book Value | 2.87 | — | 16.64 |
Price/Sales | 5.35 | 1.31 | 3.92 |
Price/Cash Flow | 23.08 | 5.41 | 104.41 |
|
Metric
|
TME
|
SIRI
|
SPOT
|
|---|---|---|---|
Quick Ratio | 2.22 | 0.22 | 1.38 |
Current Ratio | 2.49 | 0.35 | 1.42 |
Interest Coverage | 41.27 | 4.69 | −2.14 |
|
Metric
|
TME
|
SIRI
|
SPOT
|
|---|---|---|---|
Return on Assets (Normalized) | 8.71% | 14.48% | 3.49% |
Return on Equity (Normalized) | 11.80% | — | 11.24% |
Return on Invested Capital (Normalized) | 9.06% | 26.99% | 5.13% |
|
Ticker
|
Name
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|
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| Meta Platforms Inc Class A | Gqlrpzwgqk | Kmdpx | $1.2 Tril | |
TCEHY
| Tencent Holdings Ltd ADR | Mvfycqzydy | Ccms | $447.2 Bil | |
SPOT
| Spotify Technology SA | Lwrsbmw | Lsbg | $59.2 Bil | |
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BIDU
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SNAP
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