TME Dividend: Tencent Music Entertainment Group Yield Insights

Breakdown	TTM	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020
Revenue	31,719	28,401	27,752	28,339	31,244	29,153
Revenue Growth (YoY)	14%	2%	-2%	-9%	7%	15%
Cost of Revenue	17,793	16,376	17,957	19,566	21,840	19,851
Gross Profit	13,926	12,025	9,795	8,773	9,404	9,302
Selling, General & Admin	4,784	2,153	2,245	3,644	4,113	5,346
Research & Development	--	2,280	2,525	1,667	2,339	--
Operating Expenses	4,784	4,676	5,018	5,557	6,687	5,576
Other Non Operating Income (Expenses)	2,680	221	237	348	450	315
Pretax Income	13,004	8,712	6,045	4,373	3,632	4,632
Income Tax Expense	1,861	1,603	825	534	417	456
Net Income	10,810	6,644	4,920	3,677	3,029	4,155
Net Income Growth	80%	35%	34%	21%	-27%	4%
Shares Outstanding (Diluted)	3,118.47	3,130.86	3,168.38	3,235	3,363	3,360
Shares Change (YoY)	-1%	-1%	-2%	-4%	0%	0%
EPS (Diluted)	3.48	2.12	1.55	1.14	0.9	1.24
EPS Growth	82%	37%	36%	27%	-27%	4%
Free Cash Flow	10,320	9,243	6,173	6,428	2,481	4,384
Free Cash Flow Per Share	3.3	2.95	1.94	1.98	0.73	1.3
Gross Margin	43.9%	42.34%	35.29%	30.95%	30.09%	31.9%
Operating Margin	28.82%	25.87%	17.21%	11.34%	8.69%	12.78%
Profit Margin	34.08%	23.39%	17.72%	12.97%	9.69%	14.25%
Free Cash Flow Margin	32.53%	32.54%	22.24%	22.68%	7.94%	15.03%
EBITDA	--	7,592	5,025	3,462	2,952	3,956
EBITDA Margin	--	26.73%	18.1%	12.21%	9.44%	13.56%
D&A For EBITDA	--	243	248	246	235	230
EBIT	9,142	7,349	4,777	3,216	2,717	3,726
EBIT Margin	28.82%	25.87%	17.21%	11.34%	8.69%	12.78%
Effective Tax Rate	14.31%	18.39%	13.64%	12.21%	11.48%	9.84%

Tencent Music Entertainment Group (TME) Price