Also trades as: 1698.HK (HKSE) · $vol 7M

$8.49

+0.01 (+0.12%)

After Hours: $8.45 (-0.04, -0.47%)

Weekly Expected Move ±4.4%

$8 $8 $9 $9 $9

NYSE · Communication Services · Internet Content & Information · Tech Score Buy · Power 55 · $12.5B mcap · 1.08B float · 0.728% daily turnover · Short 66% of daily vol

Credit Risk of going bust: higher than 54% of companies Debt: 16.8% of company value Bonds: none of note held by US funds details ▾

If the stock fell to about $0.22 (down 97%), Tencent Music Entertainment Group would be worth roughly what it owes.
Total debt $2.54B against a stock market value of $12.54B.
Distance to default 4.75 (Merton model): prices to 2026-10-26, balance sheet 2026-06-30, debt counted $1.69B (short-term plus half of long-term), stock volatility 49.3%; Altman Z'' 4.88. A ranking and a back-test, not a forecast.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.

Overview Chart Smart Money Financials Income Statement Cash Flow Balance Sheet Earnings

Analysis Technicals Weather Peers ESG Institutions ETF Exposure Dark Pool Short Interest

Analyst Insights

Wall Street analyst consensus based on price targets and buy/sell/hold recommendations from institutional research coverage over the trailing 12 months.

Analyst Price Targets

$10

Low

$12

Avg Target

$15

High

Based on 3 analysts since Aug 11, 2026 earnings

Analyst Recommendations

Strong Buy: 0Buy: 10Hold: 13Sell: 1Strong Sell: 0

Rating Summary

ConsensusHold

Avg Target$11.50

Analysts3

Consensus Change History

Date	Field	From	To
2026-03-18	consensus	Buy	Hold

Price Target Change History

Date	Firm	Analyst	Old	New	Change	Upside @ Call	Stock@Call
2026-08-13	Nomura	Rachel Guo	Initiated	$10	—	+18.2%	$8.46
2026-08-12	UBS	—	$10	$15	+6	+72.0%	$8.72
2026-08-12	UBS	—	$13	$10	-4	+8.9%	$8.72
2026-03-18	UBS	Wei Xiong	$10	$13	+2	+28.0%	$10.16
2026-03-17	Macquarie	Ellie Jiang	$30	$11	-19	-5.9%	$11.37
2026-03-17	Jefferies	Thomas Chong	$16	$23	+7	+100.8%	$11.46
2026-03-06	86Research	Charlie Chai	$12	$17	+5	+28.3%	$13.56
2025-12-22	Morgan Stanley	—	$13	$25	+12	+40.5%	$17.79
2025-08-12	Bernstein	Boris Van	$14	$28	+14	+8.3%	$25.39
2025-08-12	Macquarie	Ellie Jiang	$26	$30	+4	+17.4%	$25.39
2025-06-17	Macquarie	Ellie Jiang	$11	$26	+15	+44.0%	$18.20
2024-11-06	Barclays	Jiong Shao	Initiated	$16	—	+36.2%	$11.74
2024-11-04	Bernstein	Boris Van	Initiated	$14	—	+24.3%	$11.26
2024-09-25	Morgan Stanley	Yang Liu	Initiated	$13	—	+15.4%	$11.27
2024-08-14	Bank of America Securities	Lei Zhang	Initiated	$15	—	+34.9%	$11.12
2024-08-14	86Research	Charlie Chai	Initiated	$12	—	+7.8%	$11.13
2024-08-13	Daiwa	Candis Chan	Initiated	$12	—	+7.8%	$11.13
2024-05-14	CFRA	Ahmad Halim	Initiated	$17	—	+16.3%	$14.62
2024-05-14	Mizuho Securities	Wei Fang	$15	$17	+2	+14.9%	$14.80
2024-05-10	Mizuho Securities	Wei Fang	$13	$15	+2	+12.1%	$13.38
2024-03-20	Goldman Sachs	Lincoln Kong	$8	$14	+6	+21.4%	$11.53
2024-03-20	Citigroup	Alicia Yap	Initiated	$12	—	+6.8%	$11.52
2024-03-20	HSBC	Charlene Liu	$8	$10	+2	-11.0%	$11.69
2024-03-19	Mizuho Securities	Wei Fang	$11	$13	+2	+17.8%	$11.04
2024-01-24	UBS	Kenneth Fong	Initiated	$10	—	+17.4%	$8.94
2024-01-10	Macquarie	Ellie Jiang	$5	$11	+6	+21.7%	$9.04
2023-05-17	Mizuho Securities	Wei Fang	Initiated	$11	—	+31.8%	$8.35
2023-01-08	Goldman Sachs	Ronald Keung	$4	$8	+4	-8.5%	$8.74
2022-11-06	Goldman Sachs	Lincoln Kong	Initiated	$4	—	+10.8%	$3.97
2021-08-17	Deutsche Bank	Leo Chiang	Initiated	$9	—	+15.4%	$7.80
2021-08-16	HSBC	Binnie Wong	Initiated	$8	—	+2.3%	$7.82
2021-08-16	Jefferies	Thomas Chong	Initiated	$16	—	+104.6%	$7.82
2021-08-16	Macquarie	Ellie Jiang	Initiated	$5	—	-34.8%	$7.82
2021-05-19	Credit Suisse	Ivy Ji	Initiated	$17	—	+11.8%	$15.21
2021-05-17	BOCOM International Holdings Company	Connie Gu	Initiated	$23	—	+54.9%	$14.85

Financial Rating

Composite financial health rating (A+ to F) based on discounted cash flow valuation, return on equity, return on assets, debt-to-equity leverage, and relative P/E and P/B multiples.

A-

Oct 27, 2026

DCF

ROE

ROA

D/E

P/E

P/B

The Financial Rating evaluates six fundamental factors — discounted cash flow (DCF) valuation, return on equity (ROE), return on assets (ROA), debt-to-equity leverage (D/E), and relative price-to-earnings (P/E) and price-to-book (P/B) multiples — each scored 1–5. TME receives an overall rating of A-. Strongest factors: DCF (4/5), ROA (4/5).

Rating Change History

Date	From	To
2026-10-01	A	A-
2026-08-28	A-	A
2026-08-14	B+	A-
2026-08-13	A-	B+
2026-08-10	A	A-
2026-05-14	A-	A
2026-04-24	B+	A-
2026-04-01	A-	B+
2026-03-19	A	A-
2026-03-17	A-	A

InsiderStreet Scorecard

Proprietary multi-factor scorecard rating companies across seven fundamental dimensions — profitability, balance sheet strength, earnings quality, growth, value, momentum, and safety — each scored 0–100.

★ ★ ★ ★ ★ — Grade A

Profitability

Balance Sheet

Earnings Quality

Growth

Value

—

Momentum

Safety

—

Cash Flow

Risk & Quality Signals

Academic financial models used by institutional investors to assess bankruptcy risk, earnings manipulation, financial strength, and credit quality.

Altman Z-Score

—

Piotroski F-Score

4/9

✓ ✓ ✗ ✓ ✗ ✗ ✗ ✗ ✓

Beneish M-Score

-2.49

Unlikely Manipulator

Ohlson O-Score

-10.71

Bankruptcy prob: 0.0%

Low Risk

Credit Rating

A+

Score: 77.5/100

Trend: Deteriorating

Earnings Quality

100/100

OCF/NI: 1.30x

Accruals: -2.3%

The Piotroski F-Score (2000) is a 9-point binary checklist — four profitability tests (positive ROA, positive cash flow, improving ROA, cash flow exceeding net income), three leverage tests (declining debt ratio, improving current ratio, no share dilution), and two efficiency tests (improving gross margin, improving asset turnover). Each pass scores 1 point. TME scores 4/9, indicating moderate financial health — some areas of strength offset by weaknesses in others. The Beneish M-Score (1999) is an 8-variable model that detects earnings manipulation by comparing year-over-year changes in receivables, gross margins, asset quality, sales growth, depreciation, SG&A, leverage, and accruals. Scores above −1.78 statistically resemble past manipulators. TME's score of -2.49 falls below this threshold, suggesting earnings are unlikely to be manipulated. The Ohlson O-Score (1980) is a 9-variable logistic regression that estimates bankruptcy probability using firm size, leverage, working capital, current ratio, profitability (ROA), cash flow coverage, negative equity flag, consecutive losses flag, and earnings trajectory. The raw score is converted to a probability via logistic transformation. TME's implied 0.0% bankruptcy probability is well within safe territory. Our Credit Rating model scores companies on five weighted components — solvency (30%), earning power (25%), leverage (20%), liquidity (15%), and cash flow quality (10%) — then blends the absolute score with sector and industry peer rankings. For companies with large buyback programs, equity is adjusted by adding back cumulative 5-year repurchases (capped at 80% of FCF generated) to avoid penalizing shareholder-friendly capital allocation. TME receives an estimated rating of A+ (score: 77.5/100), with a deteriorating trend. The Earnings Quality score measures how well reported earnings are backed by real cash. It evaluates the operating cash flow to net income ratio (OCF/NI ≥ 1.0 means every dollar of earnings is cash-backed) and the accruals ratio (the gap between earnings and cash flow relative to assets — lower is better). TME's score of 100/100 is high — cash flows strongly support reported earnings.

Valuation

Key valuation multiples comparing the stock's market price to its earnings, revenue, book value, and cash flows. Lower multiples may indicate relative undervaluation versus peers.

P/E

9.73x

PEG

-0.68x

P/S

2.45x

P/B

1.11x

P/FCF

—

P/OCF

—

EV/EBITDA

—

EV/Revenue

—

EV/EBIT

—

EV/FCF

—

Earnings Yield

—

FCF Yield

—

Shareholder Yield

—

Graham Number

$79.13

Equity-based multiples (P/E, P/B, P/FCF) compare the stock price to per-share fundamentals and are affected by capital structure. Enterprise value multiples (EV/EBITDA, EV/Revenue, EV/FCF) strip out debt and cash, making them more useful for cross-company comparisons regardless of how companies are financed. The Graham Number — √(22.5 × EPS × Book Value) — is Benjamin Graham's formula for the maximum price a defensive investor should pay. At 9.7x earnings, TME trades at a deep value multiple. Graham's intrinsic value formula yields $79.13 per share, suggesting a potential 833% margin of safety at the current price.

DuPont Decomposition (5-Factor)

The 5-factor DuPont framework breaks Return on Equity into its component drivers — tax efficiency, interest burden, operating profitability, asset utilization, and financial leverage — to reveal what truly drives shareholder returns.

Tax Burden

0.801

NI / EBT

Interest Burden

0.801

EBT / EBIT

EBIT Margin

0.406

EBIT / Rev

Asset Turnover

0.293

Rev / Assets

Equity Multiplier

1.386

Assets / Equity

ROE

10.6%

The 5-factor DuPont identity decomposes ROE as: Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Equity Multiplier = ROE. This reveals whether returns are driven by operating performance, financial leverage, or tax efficiency — three very different sources of profitability. TME's ROE of 10.6% is driven by a balanced combination of operating margin, asset efficiency, and leverage.

Graham-Dodd Adjusted Valuation

Our adaptation of Graham's growth formula (Fair P/E = 8.5 + 2g) from The Intelligent Investor. The classic version relies on analyst growth projections, which can be unreliable. This adjusted model substitutes the company's realized 3-year EPS CAGR — a backward-looking, verifiable measure of actual earnings power — grounding the valuation in demonstrated performance rather than forecasts.

Two adjustments we make, and why. Growth is capped at 15%. Graham defined g as expected growth over the next seven to ten years, not last year's rate. Across US companies since 1994 the median realized 7-year EPS growth is 5–8% regardless of how fast a company grew beforehand, and of 4,457 company-quarters that grew faster than 200%, none sustained it. Uncapped, the formula assigned fair multiples in the hundreds to companies that had never held that rate — and scored worse than simply reading the P/E. Capped, it carries real information. The verdict has three states, not two. Tested over 377,249 stock-months, this ratio only separates outcomes at its extremes: below 0.25 beat the universe by 1.3 points a year, above 3.0 lagged by 2.7, and everything in between sat inside a one-point band. Rather than call two-thirds of the market "undervalued" on a threshold of 1.0, we say Neutral where the model cannot tell — which is most of the time.

Adj. Growth Rate

15.00%

Fair P/E

38.50x

Intrinsic Value

$212.93

Price/Value

—

Margin of Safety

—

Premium

—

Graham's classic formula uses analyst-projected growth to estimate a fair P/E (8.5 + 2g). Our adjusted version replaces that projection with TME's realized 15.0% 3-year EPS CAGR, capped at 15% — demonstrated performance rather than forecasts, held to a rate companies have historically sustained. TME actually compounded EPS at 23.4% over three years; the model uses 15%, the highest rate it will extrapolate — of 4,457 company-quarters that grew faster than 200%, none sustained it over the following seven years. TME trades at a premium to its adjusted intrinsic value of $212.93, suggesting the market is pricing in future growth beyond what historical earnings support. The adjusted fair P/E of 38.5x compares to the current market P/E of 9.7x.

Profitability Trends

Historical profitability ratios tracking how efficiently the company converts revenue into returns for shareholders over time.

Leverage & Solvency Trends

Debt and liquidity metrics showing the company's financial leverage and ability to meet short-term and long-term obligations.

Efficiency & Working Capital Trends

Operating efficiency metrics measuring how quickly the company converts inventory to sales, collects receivables, and manages its cash conversion cycle.

Growth Trends (YoY %)

Year-over-year growth rates for key financial metrics, showing the trajectory of revenue, earnings, and cash flow generation.

Earnings Stability

R-squared of linear regression measuring how predictably revenue, earnings, and margins follow a trend over the trailing 5 years. 1.0 = perfectly predictable; lower values indicate erratic or cyclical behavior.

Monte Carlo Price Simulation

Geometric Brownian Motion with 1,000 antithetic paths over 1 year, seeded from 1800 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price

$8.49

Median 1Y

$6.84

5th Pctile

$2.79

95th Pctile

$16.70

Ann. Volatility

56.2%

Analyst Target

$11.50

25th–75th percentile 5th–95th percentile Median path Historical Analyst target

Workforce & Productivity

Workforce efficiency metrics measuring revenue, profit, and R&D spend per employee — key indicators of operational leverage and human capital productivity.

Employees

5,690

+6.3% YoY

Revenue / Employee

$5,624,884

Rev: $32,005,591,000

Profit / Employee

$1,890,120

NI: $10,754,781,000

SGA / Employee

$830,347

Avg labor cost proxy

Scaling Efficiency

All Ratios & Metrics

Complete fundamental data with up to 20 periods of history, sparkline trends, and current values across 13 categories and 130+ financial metrics.

Profitability

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
ROE	7.4%	5.9%	5.4%	6.8%	4.8%	6.0%	7.0%	15.4%	9.4%	9.5%	9.4%	9.7%	10.2%	10.7%	14.4%	14.1%	14.8%	14.5%	11.6%	10.6%	10.61%
ROA	5.7%	4.5%	4.0%	5.2%	3.5%	4.4%	5.2%	11.3%	6.8%	6.9%	7.0%	7.2%	7.6%	8.0%	10.7%	10.8%	11.4%	11.1%	8.6%	7.7%	7.65%
ROIC	11.3%	9.5%	8.9%	45.7%	7.1%	9.2%	10.0%	13.3%	13.3%	13.6%	14.4%	14.1%	16.0%	15.2%	18.9%	15.7%	17.2%	18.8%	16.8%	13.7%	13.67%
ROCE	6.7%	5.5%	5.0%	24.3%	4.1%	5.1%	5.8%	7.3%	7.9%	7.0%	7.4%	8.1%	8.6%	10.2%	10.1%	10.0%	11.1%	14.9%	16.4%	14.2%	14.23%
Gross Margin	29.6%	28.8%	28.0%	29.9%	32.6%	33.0%	33.1%	34.3%	35.7%	38.3%	40.9%	42.0%	42.6%	43.6%	44.1%	44.4%	43.5%	97.7%	44.9%	44.2%	44.21%
Operating Margin	11.8%	9.0%	11.3%	9.4%	17.1%	18.7%	19.7%	21.1%	21.7%	24.9%	28.9%	30.7%	30.6%	32.3%	65.7%	35.3%	32.0%	33.8%	29.6%	34.0%	33.98%
Net Margin	9.5%	7.0%	9.2%	12.4%	14.4%	15.5%	16.4%	17.8%	17.8%	18.9%	21.0%	23.5%	22.6%	26.2%	58.3%	28.5%	25.4%	24.6%	26.5%	27.7%	27.66%
EBITDA Margin	12.1%	8.1%	11.8%	16.9%	17.1%	16.2%	19.5%	20.5%	22.4%	10.5%	27.5%	29.0%	28.9%	31.2%	31.9%	37.6%	31.8%	82.1%	34.6%	36.2%	36.16%
FCF Margin	15.7%	12.6%	15.8%	25.9%	24.9%	32.9%	29.6%	26.1%	27.5%	25.8%	29.1%	32.4%	34.5%	35.1%	33.8%	28.0%	31.5%	24.5%	23.5%	26.9%	26.92%
OCF Margin	17.2%	14.2%	16.8%	26.6%	25.6%	33.3%	29.9%	26.4%	27.8%	26.4%	29.7%	33.0%	35.1%	36.2%	34.9%	29.1%	32.5%	31.8%	30.7%	34.0%	34.01%
ROE 3Y Avg	snapshot only																				10.77%
ROE 5Y Avg	snapshot only																				13.91%
ROA 3Y Avg	snapshot only																				7.87%
ROIC 3Y Avg	snapshot only																				13.57%
ROIC Economic	snapshot only																				9.33%
Cash ROA	snapshot only																				9.59%
Cash ROIC	snapshot only																				17.39%
CROIC	snapshot only																				13.77%
NOPAT Margin	snapshot only																				26.72%
Pretax Margin	snapshot only																				32.57%
R&D / Revenue	snapshot only																				0.00%
SGA / Revenue	snapshot only																				8.33%
SBC / Revenue	snapshot only																				1.13%

Valuation

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
P/E Ratio	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	9.727
P/S Ratio	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	2.448
P/B Ratio	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	1.112
P/FCF	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
P/OCF	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EV/EBITDA	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EV/Revenue	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EV/EBIT	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EV/FCF	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Earnings Yield	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
FCF Yield	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Graham Number	snapshot only																				$79.13

Leverage & Solvency

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Current Ratio	2.62	2.56	2.28	2.33	2.15	2.27	2.35	2.50	2.46	2.49	2.67	2.34	2.26	2.09	1.83	1.87	2.08	2.22	2.09	1.74	1.745
Quick Ratio	2.62	2.56	2.28	2.33	2.15	2.27	2.35	2.50	2.46	2.49	2.67	2.34	2.26	2.09	1.83	1.87	2.08	2.22	2.08	1.74	1.740
Debt/Equity	0.11	0.11	0.11	0.12	0.13	0.12	0.11	0.11	0.11	0.11	0.10	0.10	0.09	0.09	0.08	0.07	0.05	0.05	0.07	0.22	0.216
Net Debt/Equity	-0.30	-0.30	-0.30	-0.33	-0.27	-0.31	-0.29	-0.31	-0.30	-0.31	-0.35	-0.30	-0.36	-0.31	-0.28	-0.19	-0.22	-0.26	-0.29	-0.18	-0.176
Debt/Assets	0.08	0.08	0.08	0.09	0.09	0.09	0.08	0.08	0.08	0.08	0.08	0.07	0.07	0.07	0.06	0.06	0.04	0.04	0.05	0.14	0.144
Debt/EBITDA	1.23	1.41	1.56	0.34	2.14	1.74	1.47	1.15	1.11	1.20	1.08	0.98	0.89	0.73	0.69	0.61	0.37	0.26	0.32	1.13	1.126
Net Debt/EBITDA	-3.34	-3.97	-4.31	-0.92	-4.52	-4.36	-3.66	-3.17	-2.91	-3.46	-3.71	-3.02	-3.39	-2.55	-2.35	-1.64	-1.75	-1.41	-1.46	-0.92	-0.919
Interest Coverage	34.89	25.95	22.74	17.48	21.14	24.47	28.23	32.43	32.71	35.80	41.47	53.81	35.95	61.05	67.71	87.22	802.03	104.73	93.00	99.91	99.913
Equity Multiplier	1.33	1.34	1.36	1.40	1.41	1.39	1.36	1.35	1.35	1.35	1.33	1.35	1.33	1.33	1.34	1.29	1.27	1.28	1.34	1.49	1.494
Cash Ratio	snapshot only																				1.348
Debt Service Coverage	snapshot only																				111.700
Cash to Debt	snapshot only																				1.816
FCF to Debt	snapshot only																				0.526
Defensive Interval	snapshot only																				1581.4 days

Efficiency & Turnover

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Asset Turnover	0.49	0.46	0.45	0.59	0.34	0.33	0.34	0.71	0.40	0.39	0.37	0.35	0.35	0.34	0.33	0.32	0.33	0.33	0.33	0.29	0.293
Inventory Turnover	848.58	1040.00	1037.37	1344.52	676.31	813.48	877.78	4115.83	1494.64	1632.45	1501.30	1662.60	1428.09	1056.52	1137.45	740.70	474.48	429.94	424.55	219.43	219.434
Receivables Turnover	13.19	9.75	11.28	15.24	8.09	7.16	8.73	20.11	10.44	9.93	9.95	9.99	10.24	8.84	9.65	8.97	9.59	8.63	9.27	8.34	8.338
Payables Turnover	5.74	5.53	4.68	6.25	3.41	3.31	2.93	6.39	3.78	3.59	3.19	2.91	2.84	2.76	2.58	2.59	2.71	2.09	2.08	2.09	2.086
DSO	28	37	32	24	45	51	42	18	35	37	37	37	36	41	38	41	38	42	39	44	43.8 days
DIO	0	0	0	0	1	0	0	0	0	0	0	0	0	0	0	0	1	1	1	2	1.7 days
DPO	64	66	78	58	107	110	125	57	97	102	114	126	129	132	142	141	135	175	176	175	174.9 days
Cash Conversion Cycle	-35	-28	-45	-34	-61	-59	-82	-39	-61	-65	-77	-89	-93	-91	-103	-100	-96	-131	-135	-129	-129.5 days
Fixed Asset Turnover	snapshot only																				17.716
Operating Cycle	snapshot only																				45.4 days
Cash Velocity	snapshot only																				1.076
Capital Intensity	snapshot only																				3.545

Growth (YoY)

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue	44.3%	34.7%	21.7%	-27.2%	-29.1%	-28.1%	-24.0%	25.9%	24.8%	23.5%	20.5%	-5.8%	-1.6%	2.3%	5.4%	10.5%	13.9%	12.7%	12.1%	9.0%	8.98%
Net Income	15.5%	-9.5%	-19.9%	-50.7%	-36.7%	-2.6%	28.7%	1.3%	1.0%	66.8%	48.8%	19.8%	25.8%	35.0%	83.2%	83.6%	80.4%	61.9%	-10.2%	-16.0%	-15.98%
EPS	16.4%	-8.0%	-17.5%	-48.7%	-34.1%	1.5%	34.2%	1.4%	1.1%	68.3%	50.9%	20.9%	27.3%	36.5%	84.9%	85.7%	81.3%	62.1%	-10.7%	-16.2%	-16.20%
FCF	51.8%	25.8%	-1.2%	74.5%	12.3%	87.9%	42.1%	26.5%	37.5%	-3.0%	18.5%	17.2%	23.7%	38.8%	22.3%	-4.5%	4.1%	-21.3%	-21.8%	4.7%	4.67%
EBITDA	22.5%	4.9%	-10.3%	-46.4%	-35.8%	-9.7%	17.2%	1.1%	94.7%	47.7%	38.8%	15.4%	20.9%	63.9%	58.0%	60.9%	57.6%	75.8%	70.2%	51.8%	51.80%
Op. Income	21.6%	2.0%	-11.9%	-48.5%	-36.8%	-8.0%	21.9%	1.3%	1.1%	73.3%	60.8%	31.0%	39.8%	43.8%	74.6%	69.5%	61.4%	50.9%	-8.3%	-13.6%	-13.61%
OCF Growth	snapshot only																				27.45%
Asset Growth	snapshot only																				8.41%
Equity Growth	snapshot only																				-6.68%
Debt Growth	snapshot only																				1.79%
Shares Change	snapshot only																				0.27%
Dividend Growth	snapshot only																				-1.00%

Growth (CAGR)

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue 3Y	—	79.6%	39.3%	10.7%	-1.3%	-4.0%	-4.2%	11.3%	8.5%	6.2%	3.6%	-4.8%	-4.5%	-3.1%	-1.2%	9.4%	11.9%	12.5%	12.5%	4.3%	4.29%
Revenue 5Y	—	—	—	—	—	—	—	—	—	38.7%	19.8%	10.0%	3.4%	2.2%	2.2%	7.5%	7.4%	6.6%	5.6%	0.8%	0.77%
EPS 3Y	—	—	1.9%	26.0%	5.5%	-7.8%	-1.6%	16.8%	16.5%	16.3%	18.7%	13.7%	20.0%	32.6%	55.3%	74.6%	68.2%	55.0%	35.5%	23.4%	23.45%
EPS 5Y	—	—	—	—	—	—	—	—	—	—	1.2%	41.8%	25.3%	12.5%	21.6%	29.1%	29.6%	28.3%	22.5%	18.0%	17.99%
Net Income 3Y	—	—	1.9%	24.7%	4.2%	-9.5%	-3.5%	14.7%	14.3%	13.7%	15.3%	11.0%	17.5%	29.9%	51.9%	71.9%	66.7%	53.9%	34.8%	22.7%	22.70%
Net Income 5Y	—	—	—	—	—	—	—	—	—	—	1.2%	40.0%	23.8%	10.8%	19.6%	27.1%	27.6%	26.3%	20.3%	16.1%	16.08%
EBITDA 3Y	—	—	1.7%	25.9%	5.0%	-9.7%	-3.7%	14.2%	15.3%	11.8%	13.4%	9.3%	14.8%	29.8%	37.0%	57.6%	54.8%	62.0%	55.1%	41.3%	41.27%
EBITDA 5Y	—	—	—	—	—	—	—	—	—	—	98.1%	37.2%	22.2%	12.2%	14.4%	22.5%	23.9%	32.1%	31.4%	26.1%	26.09%
Gross Profit 3Y	—	72.4%	31.5%	4.7%	-5.5%	-6.8%	-4.6%	11.4%	9.9%	9.6%	8.9%	2.3%	4.8%	8.5%	12.4%	25.6%	27.2%	37.5%	35.3%	24.7%	24.68%
Gross Profit 5Y	—	—	—	—	—	—	—	—	—	39.8%	21.5%	13.1%	7.3%	6.8%	7.7%	13.6%	14.0%	19.7%	18.5%	13.2%	13.23%
Op. Income 3Y	—	—	1.7%	24.7%	4.4%	-8.9%	-3.0%	16.1%	16.4%	17.6%	20.0%	15.3%	22.0%	31.8%	50.7%	71.6%	66.7%	55.5%	37.1%	24.3%	24.26%
Op. Income 5Y	—	—	—	—	—	—	—	—	—	—	1.1%	42.0%	26.7%	13.5%	20.7%	28.3%	28.9%	28.7%	22.6%	17.6%	17.58%
FCF 3Y	—	29.8%	20.4%	9.3%	-1.7%	6.7%	9.4%	17.6%	32.9%	31.8%	18.5%	37.3%	24.1%	36.3%	27.2%	12.3%	21.0%	2.0%	4.3%	5.4%	5.41%
FCF 5Y	—	—	—	—	—	—	—	—	—	31.8%	24.0%	14.1%	10.1%	10.4%	13.7%	12.7%	24.7%	20.2%	9.7%	20.9%	20.92%
OCF 3Y	—	32.0%	21.0%	9.0%	-1.6%	6.5%	8.0%	15.5%	28.5%	27.6%	15.8%	31.7%	21.2%	32.3%	26.0%	12.7%	21.1%	10.8%	13.5%	13.5%	13.54%
OCF 5Y	—	—	—	—	—	—	—	—	—	30.6%	23.4%	13.8%	9.9%	10.6%	13.2%	12.1%	22.8%	23.6%	13.7%	23.1%	23.13%
Assets 3Y	—	14.7%	12.4%	-41.3%	10.2%	1.1%	9.6%	1.1%	4.4%	3.4%	5.1%	6.6%	8.4%	10.4%	14.1%	1.2%	16.2%	15.3%	12.9%	17.3%	17.30%
Assets 5Y	—	—	—	—	—	—	—	—	—	11.1%	11.2%	11.0%	11.1%	64.3%	13.3%	67.2%	10.4%	8.5%	7.9%	11.4%	11.44%
Equity 3Y	—	10.1%	7.2%	-44.3%	4.4%	97.4%	5.1%	97.5%	3.0%	2.3%	4.3%	5.7%	8.3%	10.5%	14.8%	1.3%	20.6%	18.6%	13.3%	13.5%	13.47%
Book Value 3Y	—	8.0%	7.7%	-43.8%	5.7%	1.0%	7.2%	1.0%	5.0%	4.6%	7.4%	8.3%	10.6%	12.8%	17.3%	1.3%	21.7%	19.5%	13.9%	14.2%	14.16%
Dividend 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

Growth Quality

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue Stability	0.63	0.76	0.76	0.36	0.04	0.00	0.03	0.16	0.06	0.63	0.58	0.36	0.08	0.03	0.04	0.84	0.84	0.80	0.71	0.02	0.018
Earnings Stability	0.95	0.42	0.32	0.15	0.05	0.30	0.34	0.43	0.44	0.47	0.55	0.64	0.68	0.45	0.54	0.64	0.69	0.77	0.78	0.72	0.719
Margin Stability	0.95	0.94	0.93	0.93	0.94	0.95	0.95	0.94	0.94	0.94	0.91	0.89	0.87	0.86	0.85	0.84	0.84	0.73	0.75	0.75	0.754
Rev. Growth Consistency	0.50	0.50	0.50	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.50	0.00	0.00	1.00	1.00	0.50	0.50	1.00	1.00	1.00	1.000
Earn. Growth Consistency	1.00	0.00	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.50	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	0.00	0.00	0.000
FCF Positive Streak	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Earnings Persistence	0.94	0.96	0.92	0.50	0.85	0.99	0.89	0.50	0.50	0.50	0.80	0.92	0.90	0.86	0.50	0.50	0.50	0.50	0.96	0.94	0.936
Earnings Smoothness	0.86	0.90	0.78	0.32	0.55	0.97	0.75	0.21	0.32	0.50	0.61	0.82	0.77	0.70	0.41	0.41	0.43	0.53	0.89	0.83	0.826
ROE Trend	0.02	-0.29	-0.02	0.02	-0.02	-0.00	0.01	-0.10	0.03	0.03	0.03	-0.10	0.03	0.02	0.05	0.03	0.04	0.04	0.01	0.00	0.003
Gross Margin Trend	-0.02	-0.03	-0.03	-0.04	-0.02	0.00	0.02	0.03	0.04	0.05	0.06	0.08	0.09	0.09	0.08	0.07	0.06	0.18	0.17	0.15	0.153
FCF Margin Trend	-0.04	-0.06	-0.04	0.09	0.10	0.20	0.12	0.08	0.07	0.03	0.06	0.06	0.08	0.06	0.04	-0.01	0.01	-0.06	-0.08	-0.03	-0.033
Sustainable Growth Rate	7.4%	5.9%	5.4%	6.8%	4.8%	6.0%	7.0%	15.4%	9.4%	9.5%	9.4%	9.7%	10.2%	8.3%	12.1%	12.0%	12.7%	14.5%	11.6%	10.6%	10.61%
Internal Growth Rate	6.0%	4.7%	4.2%	5.4%	3.6%	4.6%	5.4%	12.8%	7.3%	7.4%	7.5%	7.8%	8.2%	6.6%	9.9%	10.1%	10.9%	12.5%	9.5%	8.3%	8.29%

Cash Flow Quality

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
OCF/Net Income	1.49	1.47	1.86	3.05	2.49	2.54	1.96	1.65	1.65	1.49	1.57	1.62	1.63	1.55	1.06	0.86	0.95	0.95	1.17	1.30	1.304
FCF/OCF	0.92	0.89	0.94	0.97	0.97	0.99	0.99	0.99	0.99	0.98	0.98	0.98	0.98	0.97	0.97	0.96	0.97	0.77	0.77	0.79	0.792
FCF/Net Income	snapshot only																				1.032
OCF/EBITDA	snapshot only																				0.748
CapEx/Revenue	1.4%	1.6%	1.0%	0.7%	0.7%	0.4%	0.4%	0.3%	0.3%	0.6%	0.6%	0.6%	0.6%	1.1%	1.1%	1.1%	1.0%	7.3%	7.2%	7.1%	7.09%
CapEx/Depreciation	snapshot only																				1.478
Accruals Ratio	-0.03	-0.02	-0.03	-0.11	-0.05	-0.07	-0.05	-0.07	-0.04	-0.03	-0.04	-0.04	-0.05	-0.04	-0.01	0.02	0.01	0.01	-0.01	-0.02	-0.023
Sloan Accruals	snapshot only																				0.009
Cash Flow Adequacy	snapshot only																				4.796
Earnings Quality Score	snapshot only																				1.000

Dividends & Buybacks

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Dividend Yield	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	2.87%
Dividend/Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.97	$0.98	$0.97	$0.97	$0.00	$0.00	$0.00	$1.60
Payout Ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	22.7%	15.9%	14.7%	14.0%	0.0%	0.0%	0.0%	0.00%
FCF Payout Ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	15.1%	15.4%	17.8%	15.1%	0.0%	0.0%	0.0%	0.00%
Total Payout Ratio	13.7%	1.3%	1.3%	2.3%	1.9%	1.4%	1.2%	67.5%	66.0%	27.4%	26.0%	24.2%	22.5%	54.9%	38.4%	35.6%	33.8%	6.1%	7.6%	7.6%	7.57%
Div. Increase Streak	—	—	—	—	—	—	—	—	—	—	—	—	—	0	0	0	0	—	—	—	—
Chowder Number	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Buyback Yield	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Net Buyback Yield	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total Shareholder Return	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

DuPont Factors

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Tax Burden (NI/EBT)	0.87	0.83	0.83	0.83	0.84	0.84	0.84	0.84	0.83	0.81	0.79	0.77	0.76	0.76	0.82	0.83	0.83	0.83	0.80	0.80	0.801
Interest Burden (EBT/EBIT)	1.12	1.16	1.20	1.23	1.23	1.25	1.23	1.23	1.17	1.36	1.32	1.30	1.33	1.15	1.44	1.35	1.30	0.98	0.78	0.80	0.801
EBIT Margin	0.12	0.10	0.09	0.09	0.10	0.13	0.15	0.15	0.17	0.16	0.18	0.20	0.21	0.27	0.28	0.30	0.32	0.41	0.42	0.41	0.406
Asset Turnover	0.49	0.46	0.45	0.59	0.34	0.33	0.34	0.71	0.40	0.39	0.37	0.35	0.35	0.34	0.33	0.32	0.33	0.33	0.33	0.29	0.293
Equity Multiplier	1.31	1.32	1.33	1.33	1.37	1.36	1.36	1.36	1.38	1.37	1.34	1.35	1.34	1.34	1.34	1.31	1.30	1.30	1.34	1.39	1.386

Per Share

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
EPS (Diluted TTM)	$2.21	$1.83	$1.64	$1.24	$1.46	$1.86	$2.20	$2.94	$3.00	$3.13	$3.33	$3.55	$3.82	$4.27	$6.15	$6.60	$6.93	$6.92	$5.49	$5.53	$5.53
Book Value/Share	$29.93	$30.42	$29.33	$4.34	$29.45	$30.29	$32.21	$33.82	$33.99	$35.55	$37.98	$39.00	$40.50	$43.61	$47.36	$54.06	$53.07	$51.68	$47.61	$50.31	$51.82
Tangible Book/Share	$16.83	$16.24	$14.58	$2.30	$14.18	$14.96	$16.86	$18.56	$18.78	$20.28	$22.61	$23.66	$25.18	$28.15	$31.82	$37.41	$38.02	$36.61	$32.69	$25.95	$25.95
Revenue/Share	$19.16	$18.89	$18.21	$14.22	$14.13	$14.16	$14.43	$18.35	$17.83	$17.65	$17.62	$17.45	$17.76	$18.25	$18.74	$19.51	$20.34	$20.59	$20.89	$21.20	$21.54
FCF/Share	$3.01	$2.38	$2.88	$3.69	$3.52	$4.66	$4.27	$4.78	$4.90	$4.56	$5.13	$5.66	$6.13	$6.40	$6.33	$5.47	$6.41	$5.04	$4.92	$5.71	$5.68
OCF/Share	$3.29	$2.68	$3.06	$3.79	$3.62	$4.71	$4.32	$4.84	$4.95	$4.67	$5.23	$5.77	$6.23	$6.60	$6.54	$5.67	$6.62	$6.55	$6.42	$7.21	$7.34
Cash/Share	$12.13	$12.35	$12.13	$1.97	$11.80	$13.15	$12.95	$14.51	$14.01	$14.97	$17.05	$15.64	$18.22	$17.48	$17.26	$14.31	$14.31	$15.66	$17.14	$19.70	$19.60
EBITDA/Share	$2.65	$2.29	$2.07	$1.55	$1.77	$2.16	$2.53	$3.36	$3.48	$3.21	$3.56	$3.91	$4.27	$5.33	$5.68	$6.37	$6.76	$9.37	$9.60	$9.64	$9.64
Debt/Share	$3.27	$3.24	$3.23	$0.53	$3.80	$3.76	$3.70	$3.86	$3.87	$3.85	$3.84	$3.84	$3.78	$3.89	$3.93	$3.89	$2.48	$2.45	$3.10	$10.85	$10.85
Net Debt/Share	$-8.86	$-9.11	$-8.91	$-1.43	$-8.00	$-9.40	$-9.24	$-10.64	$-10.13	$-11.12	$-13.21	$-11.80	$-14.44	$-13.60	$-13.33	$-10.41	$-11.84	$-13.21	$-14.04	$-8.85	$-8.85

Academic Models

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Altman Z-Score	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Piotroski F-Score	7	6	6	5	5	5	7	7	9	9	9	7	7	7	7	6	7	8	7	4	4
Beneish M-Score	-2.29	-2.22	-2.65	-6.86	-2.67	-3.04	-2.67	2.75	-2.82	-2.66	-2.70	-2.49	-2.58	-2.47	-2.31	-2.08	-2.08	-2.24	-2.39	-2.49	-2.492
Ohlson O-Score	snapshot only																				-10.708
ROIC (Greenblatt)	snapshot only																				71.31%
Net-Net WC	snapshot only																				$2.45
EVA	snapshot only																				$2365411085.38

Credit

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Credit Rating	snapshot only																				A+
Credit Score	76.79	78.14	78.06	78.71	76.46	78.98	77.87	78.52	77.74	78.09	77.50	79.37	78.67	79.65	78.40	79.31	79.62	79.77	78.98	77.48	77.482
Credit Grade	snapshot only																				5
Credit Trend	snapshot only																				-1.826
Implied Spread (bps)	snapshot only																				125.000
Industry Credit Rank	snapshot only																				64
Sector Credit Rank	snapshot only																				76

TME NYSE

Analyst Insights

Financial Rating

InsiderStreet Scorecard

Risk & Quality Signals

Valuation

DuPont Decomposition (5-Factor)

Graham-Dodd Adjusted Valuation

Profitability Trends

Leverage & Solvency Trends

Efficiency & Working Capital Trends

Growth Trends (YoY %)

Earnings Stability

Monte Carlo Price Simulation

Workforce & Productivity

Scaling Efficiency

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