Tencent Music Entertainment Group (TME)
What the price implies
A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.
Fundamental grade
Five factors scored 1 to 9 from TME's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.
Key numbers
Results from SEC filings
Fiscal years, from Tencent Music Entertainment Group's 10-K filings. The deep dive has 15+ years, quarters and every line.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $29.2B | $31.2B | $28.3B | $27.8B | $28.4B |
| Net income | $4.2B | $3.0B | $3.7B | $4.9B | $6.6B |
| Free cash flow | $4.4B | $4.0B | $7.0B | $6.7B | $9.2B |
| EPS (diluted) | — | — | — | — | — |
| Operating margin | 16.2% | 12.2% | 15.7% | 21.8% | 30.7% |
Where the revenue comes from
Revenue by products, fiscal 2025.
Superinvestors who own TME
From each investor's latest 13F filing (what a 13F shows). 5 of the investors we track hold it.
| Investor | Last quarter | Value | % of portfolio | Quarter |
|---|---|---|---|---|
| Li Lu Himalaya Capital Management LLC |
Held | $55M | 1.5% | Q2 2026 |
| Ron Baron Baron Capital (BAMCO) |
Added | $20M | 0.03% | Q2 2026 |
| Mason Hawkins Southeastern Asset Management |
New position | $19M | 1.0% | Q2 2026 |
| Mario Gabelli GAMCO Investors |
Held | $663,825 | 0.01% | Q2 2026 |
| Cliff Asness AQR Capital Management |
New position | $222,277 | 0.0% | Q2 2026 |
Insider buying
Open-market purchases by Tencent Music Entertainment Group's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.
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In the full deep dive
Questions
Are Tencent Music Entertainment Group insiders buying the stock?
No open-market insider purchases of TME in the last 12 months, according to SEC Form 4 filings.
Which superinvestors own Tencent Music Entertainment Group?
5 of the superinvestors Investingly tracks hold TME in their latest 13F, including Li Lu, Ron Baron, Mason Hawkins.
Prices and ratios as of Oct 7, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.