Cloud Music has built a strong position as China's second-largest music streaming platform by competing on community rather than catalog. The strategy is a deliberate response to the firm's licensing disadvantage versus Tencent Music, and we expect it to maintain market shares over the next five years.
Investing in independent artists and long-form audio could help Cloud Music better control content costs in the long run.
Cloud Music is dependent on record labels, and there’s nothing proprietary about Cloud Music's service. Over the long term, record labels could find a way to take a greater share of the industry’s profits.
|
Metric
|
09899
|
SPOT
|
TME
|
|---|---|---|---|
Price/Earnings (Normalized) | 9.12 | 36.25 | 10.05 |
Price/Book Value | 1.18 | 12.11 | 1.20 |
Price/Sales | 1.99 | 5.59 | 2.77 |
Price/Cash Flow | 10.14 | 33.55 | 8.35 |
|
Metric
|
09899
|
SPOT
|
TME
|
|---|---|---|---|
Quick Ratio | 4.14 | 2.10 | 1.59 |
Current Ratio | 4.30 | 2.13 | 1.74 |
Interest Coverage | 12,046.57 | 118.22 | 75.59 |
|
Metric
|
09899
|
SPOT
|
TME
|
|---|---|---|---|
Return on Assets (Normalized) | 11.06% | 20.30% | 9.32% |
Return on Equity (Normalized) | 14.38% | 34.88% | 12.30% |
Return on Invested Capital (Normalized) | 11.28% | 28.66% | 10.28% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
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GOOGL
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GOOG
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| Meta Platforms Inc Class A
META
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| Tencent Holdings Ltd ADR
TCEHY
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SPOT
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RDDT
| LOCK|D?F%^s | LOCK|q<qq | $29B | |||
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BIDU
| LOCK|!L&z>j@ | LOCK|g<H | $26B | |||
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TME
| LOCK|Pqv<l#W | LOCK|y%^z | $13B | |||
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PINS
| LOCK|mnKPKT | LOCK|%w?Zs | $13B |
United States