Spotify Technology S.A. vs Tencent Music Entertainment Group, two Entertainment stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Where SPOT and TME diverge most: on revenue growth, SPOT reads +15.6% and TME reads -0.5%; on p/b, SPOT reads 10.89 and TME reads 1.43. The rest of the comparable metrics sit closer together. What SPOT's price implies is a somewhat stretched bet versus history (whole-company basis). What TME's price implies is a bet that sits within the historical range (whole-company basis). The bull and bear cases for each are in their full reports below.
| Metric | SPOT | TME |
|---|---|---|
| Price | $479.98 | $8.89 |
| Market cap | $98.6B | $13.7B |
| Sector | Entertainment | Entertainment |
| Stage | Growth | Mature |
| P/E | 41.0 | — |
| P/B | 10.89 | 1.43 |
| P/S | 5.28 | 3.50 |
| EV/EBITDA | 38.9 | 9.9 |
| Revenue growth | +15.6% | -0.5% |
| Gross margin | 32.0% | 42.3% |
| Operating margin | 12.8% | 30.7% |
| Net margin | 12.9% | 25.0% |
| Return on equity | 26.6% | 10.2% |
| Return on assets | 14.7% | 7.9% |
| Return on invested capital | 26.3% | 10.2% |
| FCF yield | 3.2% | 10.0% |
| Debt / equity | 0.00 | 0.00 |
| Current ratio | 1.72 | 2.09 |
| Altman Z (solvency) | 7.90 | 4.06 |
| Piotroski F (quality) | 6 / 9 | 7 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.