Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Company Industry Sector

Fundamentals

Margins Returns Growth Rates Metrics/Ratios

Valuations

Projections DCF DDM EPV Multiples Valuations

Miscellaneous

Indicators Charts WACC Beta Predictability

Mode

Company Industry Sector

Ticker

Industry

Sector

Tencent Music Entertainment Group (1698.HK)

Company Dividend Discount ModelIndustry: Internet Content & InformationSector: Communication Services

Valuation Snapshot

Stable Growth$16.58 - $22.27$19.50
Multi-Stage$19.46 - $21.30$20.36
Blended Fair Value$19.93
Current Price$69.19
Upside-71.19%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR202420232022202120202019201820172016
DPS0.00%0.00%0.490.000.000.000.000.000.000.000.000.00
YoY Growth--0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--0.94%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)10,810.00
(-) Cash Dividends Paid (M)1,508.00
(=) Cash Retained (M)9,302.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)2,162.001,351.25810.75
Cash Retained (M)9,302.009,302.009,302.00
(-) Cash Required (M)-2,162.00-1,351.25-810.75
(=) Excess Retained (M)7,140.007,950.758,491.25
(/) Shares Outstanding (M)3,106.693,106.693,106.69
(=) Excess Retained per Share2.302.562.73
LTM Dividend per Share0.490.490.49
(+) Excess Retained per Share2.302.562.73
(=) Adjusted Dividend2.783.043.22
WACC / Discount Rate14.45%14.45%14.45%
Growth Rate-2.00%-1.00%0.00%
Fair Value$16.58$19.50$22.27
Upside / Downside-76.04%-71.81%-67.82%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)10,810.0010,701.9010,594.8810,488.9310,384.0410,280.2010,588.61
Payout Ratio13.95%29.16%44.37%59.58%74.79%90.00%92.50%
Projected Dividends (M)1,508.003,120.684,700.956,249.317,766.239,252.189,794.46

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate14.45%14.45%14.45%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)2,699.052,726.592,754.13
Year 2 PV (M)3,516.483,588.613,661.48
Year 3 PV (M)4,043.114,168.154,295.74
Year 4 PV (M)4,345.664,525.764,711.41
Year 5 PV (M)4,477.664,710.824,953.60
PV of Terminal Value (M)41,385.1643,540.1845,784.05
Equity Value (M)60,467.1163,260.1166,160.40
Shares Outstanding (M)3,106.693,106.693,106.69
Fair Value$19.46$20.36$21.30
Upside / Downside-71.87%-70.57%-69.22%

High-Yield Dividend Screener

« Prev Page 30 of 30
Ticker ⇵ Company ⇵ Dividend Yield % ▼ Dividend Per Share ⇵ Payout Ratio % ⇵
LZOEXLazard Emerging Markets Equity Portfolio0.09%$0.0236.87%
PWRQuanta Services, Inc.0.09%$0.395.78%
AAMIAcadian Asset Management0.08%$0.041.59%
PDLBPonce Financial Group, Inc.0.08%$0.011.31%
VRTVertiv Holdings Co0.08%$0.155.48%
0J46.LHEICO Corporation0.07%$0.234.98%
0JYM.LMarkel Corporation0.07%$1.410.87%
CHCIComstock Holding Companies, Inc.0.06%$0.010.56%
MTVCMotive Capital Corp II0.06%$0.012.21%
ENJEntergy New Orleans, LLC First Mortgage Bonds, 5.0% Series due December 1, 20520.05%$0.010.31%
ENOEntergy New Orleans, LLC First Mortgage Bonds, 5.50% Series due April 1, 20660.05%$0.010.31%
AJRDAerojet Rocketdyne Holdings, Inc.0.04%$0.022.70%
ERESEast Resources Acquisition Company0.04%$0.001.55%
NBNNortheast Bank0.04%$0.040.38%
ARHSArhaus, Inc.0.03%$0.000.61%
BSIGBrightSphere Investment Group Inc.0.03%$0.010.34%
EWCZEuropean Wax Center, Inc.0.03%$0.000.37%
WIREEncore Wire Corporation0.03%$0.080.42%
ACFNAcorn Energy, Inc.0.02%$0.000.09%
ACMRACM Research, Inc.0.02%$0.010.62%
CFBCrossFirst Bankshares, Inc.0.02%$0.000.21%
FDSBFifth District Savings Bank0.02%$0.000.35%
GRDNGuardian Pharmacy Services, Inc.0.02%$0.000.75%
NVDANVIDIA Corporation0.02%$0.040.98%
AMGAffiliated Managers Group, Inc.0.01%$0.040.23%
BSX-PABoston Scientific Corporation0.01%$0.020.82%
FIGRFigure Technology Solutions, Inc. Class A Common Stock0.01%$0.002.22%
GNRCGenerac Holdings Inc.0.01%$0.010.18%
LAURLaureate Education, Inc.0.01%$0.000.22%
PLNTPlanet Fitness, Inc.0.01%$0.010.57%
SUMSummit Materials, Inc.0.01%$0.000.32%
BEBloom Energy Corporation0.00%$0.006.20%
BJRIBJ's Restaurants, Inc.0.00%$0.000.01%
CXWCoreCivic, Inc.0.00%$0.000.04%
INFAInformatica Inc.0.00%$0.000.10%
MMMBMamaMancini's Holdings, Inc.0.00%$0.000.04%
PMOPutnam Municipal Opportunities Trust0.00%$0.000.05%
SENEASeneca Foods Corporation0.00%$0.000.04%
SLCAU.S. Silica Holdings, Inc.0.00%$0.000.02%
UNITUniti Group Inc.0.00%$0.000.00%