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1698 Stock Chart & Stats
HK$36.50
HK$1.96(5.37%)
At close: 4:00 PM EDT
HK$36.50
HK$1.96(5.37%)
Day’s Range― - ―
52-Week RangeHK$31.16 - HK$103.20
Previous CloseN/A
Volume1.89M
Average Volume (3M)950.24K
Market Cap
HK$94.45B
Enterprise ValueHK$90.93K
Total Cash (Recent Filing)HK$30.66B
Total Debt (Recent Filing)HK$16.88B
Price to Earnings (P/E)10.0
Beta1.30
Next Earnings
Nov 17, 2026EPS Estimate
0.83Next Dividend Ex-DateN/A
Dividend Yield2.8%
Share Statistics
EPS (TTM)2.87
Shares Outstanding1,482,859,700
10 Day Avg. Volume903,442
30 Day Avg. Volume950,242
Financial Highlights & Ratios
PEG Ratio0.28
Price to Book (P/B)2.37
Price to Sales (P/S)5.93
P/FCF Ratio19.25
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$49.58Price Target Upside35.83% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)3.4
Revenue Forecast (FY)HK$41.05B
Bulls Say, Bears Say
Bulls Say
Profitability And MarginsTME’s elevated TTM operating and net margins reflect durable high-margin mix from subscriptions, social entertainment and IP monetization. Strong margins support internal investment in content, product R&D and shareholder returns, and provide a buffer versus cyclical ad downturns.
Conservative Balance SheetVery low leverage and improving debt ratios give TME durable financial flexibility to fund content investments, complete buybacks and absorb consolidation amortization. A conservatively financed balance sheet lowers refinancing risk and preserves strategic optionality over the medium term.
Membership And Content Ecosystem ExpansionRising SVIP adoption and the Ximalaya consolidation deepen TME’s paid-content funnel and cross-sell scope across music, audiobooks and podcasts. A broader content ecosystem increases ARPPU, retention and multi-format monetization, supporting sustainable recurring revenue growth.
Bears Say
Margin Pressure From Revenue MixA shift toward offline performance services and consolidation-related amortization has trimmed gross margins and management expects further slight pressure. Persistently lower margins from mix or amortization would erode cash flow and constrain reinvestment and buyback capacity over time.
Advertising Headwinds And CompetitionSustained weakness in ad monetization and intensified market competition limit growth in light-user engagement and ad revenues. Structural ad-market softness or market-share erosion would force heavier dependence on higher-cost user acquisition and slower top-line expansion.
Cash Conversion And FCF VolatilityOperating cash flow consistently running below net income and volatile free cash flow reduce cash-quality of earnings and limit predictable funding for content, M&A and buybacks. Prolonged weak cash conversion would impair strategic flexibility despite strong accounting profits.
Tencent Music Entertainment Group Class A News
1698 FAQ
What was Tencent Music Entertainment Group Class A’s price range in the past 12 months?
Tencent Music Entertainment Group Class A lowest stock price was HK$31.16 and its highest was HK$103.20 in the past 12 months.
What is Tencent Music Entertainment Group Class A’s market cap?
Tencent Music Entertainment Group Class A’s market cap is HK$94.45B.
When is Tencent Music Entertainment Group Class A’s upcoming earnings report date?
Tencent Music Entertainment Group Class A’s upcoming earnings report date is Nov 17, 2026 which is in 93 days.
How were Tencent Music Entertainment Group Class A’s earnings last quarter?
Tencent Music Entertainment Group Class A released its earnings results on Aug 11, 2026. The company reported HK$0.913 earnings per share for the quarter, beating the consensus estimate of HK$0.895 by HK$0.018.
Is Tencent Music Entertainment Group Class A overvalued?
According to Wall Street analysts Tencent Music Entertainment Group Class A’s price is currently Undervalued.
Does Tencent Music Entertainment Group Class A pay dividends?
Tencent Music Entertainment Group Class A pays a Annually dividend of HK$0.941 which represents an annual dividend yield of 2.8%. See more information on Tencent Music Entertainment Group Class A dividends here
What is Tencent Music Entertainment Group Class A’s EPS estimate?
Tencent Music Entertainment Group Class A’s EPS estimate is 0.83.
How many shares outstanding does Tencent Music Entertainment Group Class A have?
Tencent Music Entertainment Group Class A has 1,482,859,700 shares outstanding.
What happened to Tencent Music Entertainment Group Class A’s price movement after its last earnings report?
Tencent Music Entertainment Group Class A reported an EPS of HK$0.913 in its last earnings report, beating expectations of HK$0.895. Following the earnings report the stock price went up 2.553%.
Which hedge fund is a major shareholder of Tencent Music Entertainment Group Class A?
Currently, no hedge funds are holding shares in HK:1698
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Tencent Music Entertainment Group Class A Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Strong Buy
Average Price Target:
HK$49.58 (35.83% Upside)
HK$49.58 (35.83% Upside)
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
86.95%
12-Months-Change
Fundamentals
Return on Equity
2.80%
Trailing 12-Months
Asset Growth
14.37%
Trailing 12-Months
Company Description
Tencent Music Entertainment Group Class A
Tencent Music Entertainment Group (TME) is a prominent digital music and entertainment provider within the People's Republic of China, delivering a comprehensive suite of services including music streaming, online karaoke, and interactive live performances. Its core music platforms, such as QQ Music, Kugou Music, and Kuwo Music, enable users to discover and enjoy music in tailored ways. WeSing serves as a social karaoke application, allowing individuals to sing, interact with friends, share performances, and find new songs. TME also manages interactive live streaming channels like Kugou Live and Kuwo Live, which offer performers a platform to showcase their talents and engage directly with their audience. Additionally, Kuwo Changting provides a wide array of audio content, ranging from audiobooks and cross-talks to radio dramas and other entertainment genres. Beyond its digital services, the company distributes music-related merchandise, including headsets, smart speakers, and karaoke microphones, and offers online ticketing for music events. TME further collaborates with smart device and automotive manufacturers to integrate and operate music services on their products. Headquartered in Shenzhen, China, Tencent Music Entertainment Group maintains a strategic partnership with China Literature and operates as a subsidiary of Tencent Holdings Limited.
1698 Stock 12 Month Forecast
Average Price Target
HK$49.58
▲(35.83% Upside)
Technical Analysis
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