FWONK vs. TME: Formula One vs. Tencent Music Entertainment Stock Comparison
How do Formula One (FWONK) and Tencent Music Entertainment (TME) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.
Company Profile
Formula One (FWONK) and Tencent Music Entertainment (TME) are both classified in the Movies & Entertainment sub-industry within the broader Entertainment industry, placing them in the closest GICS peer bucket.
Formula One (FWONK) trades as ordinary local shares, while Tencent Music Entertainment (TME) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.
| Profile Item | FWONK | TME |
|---|---|---|
| Name | Liberty Media Corporation Series C Liberty Formula One Common Stock | Tencent Music Entertainment Group ADR |
| Country/Region | United States | China |
| GICS Sector | Communication Services | Communication Services |
| GICS Industry Group | Media & Entertainment | Media & Entertainment |
| GICS Industry | Entertainment | Entertainment |
| GICS Sub-Industry | Movies & Entertainment | Movies & Entertainment |
| Market Capitalization | 27.07 billion USD | 15.58 billion USD |
| Currency | USD | USD |
| Exchange | Nasdaq | NYSE |
| Listing Date | July 8, 2014 | December 12, 2018 |
| Security Type | Common Stock | ADR |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | FWONK | TME |
|---|---|---|
| Total Return (1Y) | 3.53% | -55.15% |
| Total Return (3Y, Annualized) | 17.08% | 9.39% |
| Total Return (5Y, Annualized) | 13.56% | 4.17% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | FWONK | TME |
|---|---|---|
| Volatility (1Y, Annualized) | 26.44% | 47.08% |
| Beta (5Y) | 0.63 | 0.70 |
| Max Drawdown (5Y) | -24.84% | -69.85% |
| Avg. Volume (3M) | 2.35M | 8.07M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | FWONK | TME |
|---|---|---|
| Sharpe Ratio (1Y) | -0.03 | -1.26 |
| Sortino Ratio (1Y) | -0.05 | -1.50 |
Profitability
ROE (TTM)
Both Formula One (FWONK) at 4.11% and Tencent Music Entertainment (TME) at 10.97% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.
FWONK
Media & Entertainment industry group
4.11%
- Max
- 49.92%
- Q3
- 17.95%
- Median
- 7.20%
- FWONK
- 4.11%
- Q1
- -4.53%
- Min
- -26.31%
TME
Media & Entertainment industry group
10.97%
- Max
- 49.92%
- Q3
- 17.95%
- TME
- 10.97%
- Median
- 7.20%
- Q1
- -4.53%
- Min
- -26.31%
Net Margin (TTM)
For every dollar of sales, both Formula One (FWONK) at 12.40% and Tencent Music Entertainment (TME) at 26.28% retain more as net profit than most peers, landing in the top net margin quartile of their industries.
FWONK
Media & Entertainment industry group
12.40%
- Max
- 32.91%
- FWONK
- 12.40%
- Q3
- 11.75%
- Median
- 5.04%
- Q1
- -4.17%
- Min
- -25.14%
TME
Media & Entertainment industry group
26.28%
- Max
- 32.91%
- TME
- 26.28%
- Q3
- 11.75%
- Median
- 5.04%
- Q1
- -4.17%
- Min
- -25.14%
Operating Margin (TTM)
Both Formula One (FWONK) at 19.33% and Tencent Music Entertainment (TME) at 29.18% convert sales into operating profit at a top-quartile rate, pointing to tighter cost discipline before financing and tax.
FWONK
Media & Entertainment industry group
19.33%
- Max
- 40.16%
- FWONK
- 19.33%
- Q3
- 18.72%
- Median
- 8.63%
- Q1
- 1.90%
- Min
- -22.08%
TME
Media & Entertainment industry group
29.18%
- Max
- 40.16%
- TME
- 29.18%
- Q3
- 18.72%
- Median
- 8.63%
- Q1
- 1.90%
- Min
- -22.08%
Profitability Metrics
| Metric | FWONK | TME |
|---|---|---|
| ROE (TTM) | 4.11% | 10.97% |
| ROA (TTM) | 2.24% | 5.60% |
| Net Margin (TTM) | 12.40% | 26.28% |
| Operating Margin (TTM) | 19.33% | 29.18% |
| Gross Margin (TTM) | 36.32% | 44.32% |
Growth
Revenue Growth
Both Formula One (FWONK) at 22.69% and Tencent Music Entertainment (TME) at 15.85% sit in the top peer quartile for revenue growth, so each is growing its top line faster than typical industry peers.
EPS Growth
Only one side can be read here: Tencent Music Entertainment (TME) reports EPS growth of 67.92%, ranked against its industry; Formula One (FWONK) has no EPS growth figure this period.
Growth Metrics
| Metric | FWONK | TME |
|---|---|---|
| Revenue Growth (YoY) | 22.69% | 15.85% |
| Revenue Growth (3Y CAGR) | 20.32% | 5.10% |
| EPS Growth (YoY) | -- | 67.92% |
| EPS Growth (3Y CAGR) | 0.02% | 46.17% |
Financial Strength
Current Ratio (MRQ)
Both Formula One (FWONK) at 1.32 and Tencent Music Entertainment (TME) at 1.75 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.
FWONK
Media & Entertainment industry group
1.32
- Max
- 4.69
- Q3
- 2.53
- Median
- 1.52
- FWONK
- 1.32
- Q1
- 0.95
- Min
- 0.28
TME
Media & Entertainment industry group
1.75
- Max
- 4.69
- Q3
- 2.53
- TME
- 1.75
- Median
- 1.52
- Q1
- 0.95
- Min
- 0.28
Debt / Equity (MRQ)
Both Formula One (FWONK) at 0.65 and Tencent Music Entertainment (TME) at 0.21 fund their balance sheets with roughly industry-typical debt-to-equity mixes.
FWONK
Media & Entertainment industry group
0.65
- Max
- 3.65
- Q3
- 1.69
- FWONK
- 0.65
- Median
- 0.46
- Q1
- 0.17
- Min
- 0.00
TME
Media & Entertainment industry group
0.21
- Max
- 3.65
- Q3
- 1.69
- Median
- 0.46
- TME
- 0.21
- Q1
- 0.17
- Min
- 0.00
Financial Strength Metrics
| Metric | FWONK | TME |
|---|---|---|
| Current Ratio (MRQ) | 1.32 | 1.75 |
| Debt / Equity (MRQ) | 0.65 | 0.21 |
| Net Debt / EBITDA | 3.05 | -1.22 |
Dividends
Dividend Yield (TTM)
Formula One (FWONK) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Tencent Music Entertainment (TME) reports a yield of 17.77%, ranking against industry peers normally.
FWONK
Media & Entertainment industry group
0.00%
- Max
- 1.33%
- Q3
- 0.65%
- FWONK
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
TME
Media & Entertainment industry group
17.77%
- TME
- 17.77%
- Max
- 1.33%
- Q3
- 0.65%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Formula One (FWONK) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Tencent Music Entertainment (TME) reports a payout of 29.65%, ranking against industry peers normally.
FWONK
Media & Entertainment industry group
0.00%
- Max
- 71.43%
- Q3
- 28.98%
- FWONK
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
TME
Media & Entertainment industry group
29.65%
- Max
- 71.43%
- TME
- 29.65%
- Q3
- 28.98%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | FWONK | TME |
|---|---|---|
| Dividend Yield (TTM) | 0.00% | 17.77% |
| Dividend Payout Ratio (TTM) | 0.00% | 29.65% |
Valuation
P/E Ratio (TTM)
Tencent Music Entertainment (TME) at 11.66 is near its industry’s usual P/E ratio, while Formula One (FWONK) at 104.25 sits above its peer range — an unusually expensive price for FWONK’s trailing earnings.
FWONK
Media & Entertainment industry group
104.25
- FWONK
- 104.25
- Max
- 51.21
- Q3
- 28.90
- Median
- 17.98
- Q1
- 11.53
- Min
- 1.64
TME
Media & Entertainment industry group
11.66
- Max
- 51.21
- Q3
- 28.90
- Median
- 17.98
- TME
- 11.66
- Q1
- 11.53
- Min
- 1.64
P/S Ratio (TTM)
Tencent Music Entertainment (TME) at 0.46 looks cheap on sales in the lower P/S ratio quartile, while Formula One (FWONK) at 6.02 looks rich in the upper quartile — a clear gap in price per dollar of revenue.
FWONK
Media & Entertainment industry group
6.02
- Max
- 7.43
- FWONK
- 6.02
- Q3
- 3.82
- Median
- 1.40
- Q1
- 0.70
- Min
- 0.00
TME
Media & Entertainment industry group
0.46
- Max
- 7.43
- Q3
- 3.82
- Median
- 1.40
- Q1
- 0.70
- TME
- 0.46
- Min
- 0.00
P/B Ratio (MRQ)
On P/B ratio, both Formula One (FWONK) at 3.38 and Tencent Music Entertainment (TME) at 1.35 are valued close to their industries’ norm against book — neither stands out from peers.
FWONK
Media & Entertainment industry group
3.38
- Max
- 11.45
- Q3
- 5.30
- FWONK
- 3.38
- Median
- 1.84
- Q1
- 0.77
- Min
- -2.61
TME
Media & Entertainment industry group
1.35
- Max
- 11.45
- Q3
- 5.30
- Median
- 1.84
- TME
- 1.35
- Q1
- 0.77
- Min
- -2.61
Valuation Metrics
| Metric | FWONK | TME |
|---|---|---|
| P/E Ratio (TTM) | 104.25 | 11.66 |
| P/S Ratio (TTM) | 6.02 | 0.46 |
| P/B Ratio (MRQ) | 3.38 | 1.35 |
| Free Cash Flow Yield (TTM) | 2.29% | 45.80% |