Tencent Music Entertainment Group (Tencent Music Entertainment Group) FCF Yield % : 4.67 (As of Apr. 29, 2024)

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What is Tencent Music Entertainment Group FCF Yield %?

FCF Yield % is calculated as Free Cash Flow divided by Market Capitalization. It is a financial solvency ratio that compares the free cash flow a company is expected to earn against its market value.

As of today, Tencent Music Entertainment Group's Trailing 12-Month Free Cash Flow is $1,032 Mil, and Market Cap is $22,103 Mil. Therefore, Tencent Music Entertainment Group's FCF Yield % for today is 4.67%.

The historical rank and industry rank for Tencent Music Entertainment Group's FCF Yield % or its related term are showing as below:

TME' s FCF Yield % Range Over the Past 10 Years
Min: 1.39 Med: 5.04 Max: 12.96
Current: 4.67

During the past 8 years, the highest FCF Yield % of Tencent Music Entertainment Group was 12.96%. The lowest was 1.39%. And the median was 5.04%.

TME's FCF Yield % is ranked better than
73.41% of 598 companies
in the Interactive Media industry
Industry Median: -0.105 vs TME: 4.67

Tencent Music Entertainment Group's FCF Margin % for the quarter that ended in Dec. 2023 was 28.68%.

Tencent Music Entertainment Group FCF Yield % Historical Data

The historical data trend for Tencent Music Entertainment Group's FCF Yield % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Tencent Music Entertainment Group FCF Yield % Chart

Tencent Music Entertainment Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

FCF Yield %

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4.28

2.06

3.35

6.49

5.59

Tencent Music Entertainment Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
FCF Yield %	Get a 7-Day Free Trial															10.07	7.57	9.12	7.21	7.16

Competitive Comparison of Tencent Music Entertainment Group's FCF Yield %

For the Internet Content & Information subindustry, Tencent Music Entertainment Group's FCF Yield %, along with its competitors' market caps and FCF Yield % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Tencent Music Entertainment Group's FCF Yield % Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Tencent Music Entertainment Group's FCF Yield % distribution charts can be found below:

* The bar in red indicates where Tencent Music Entertainment Group's FCF Yield % falls into.

Tencent Music Entertainment Group FCF Yield % Calculation

FCF Yield % is a financial solvency ratio that compares the free cash flow a company is expected to earn against its market value.

Tencent Music Entertainment Group's FCF Yield % for the fiscal year that ended in Dec. 2023 is calculated as

FCF Yield %	=	Free Cash Flow	/	Market Cap
	=	864.541	/	15461.8808
	=	5.59%

Tencent Music Entertainment Group's annualized FCF Yield % for the quarter that ended in Dec. 2023 is calculated as

FCF Yield %	=	Free Cash Flow	*	Annualized Factor	/	Market Cap
	=	276.883	*	4	/	15461.8808
	=	7.16%

Tencent Music Entertainment Group FCF Yield % Explanation

Similar to Earnings Yield %, FCF Yield % is financial solvency ratio. A lower ratio suggests a less attractive investment, indicating that investors might not receive substantial returns in proportion to their investment. Conversely, a high free cash flow yield signals that a company generates sufficient cash to comfortably meet its debts, obligations, and dividend payments, making it a promising investment choice.

Tencent Music Entertainment Group FCF Yield % Related Terms

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Tencent Music Entertainment Group (Tencent Music Entertainment Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Tencent Music Entertainment Group (NYSE:TME) » Definitions » FCF Yield %

Comparable Companies

Traded in Other Exchanges

01698:Hong Kong 0A2Z:UK 63TA:Germany

Address

Kexing Science Park, Kejizhongsan Avenue, Unit 3, Building D, Hi-Tech Park, Nanshan District, Shenzhen, CHN, 518057

Website

https://www.tencentmusic.com

TME is the largest online music service provider in China. It was founded in 2016 with the business combination of QQ Music (founded in 2005), Kuwo Music (founded in 2005) and Kugou Music (founded in 2004) streaming platforms. Tencent is the largest shareholder of TME with over 50% shares and over 90% voting rights held. TME also provides social entertainment services, including music live audio/video broadcasts and online concert services through the three platforms mentioned above, and online karaoke through an independent platform WeSing.