Tencent Music Entertainment Group Class A (HK:1698)
:1698
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1698 Stock Chart & Stats
HK$34.24
-HK$0.80(-1.90%)
At close: 4:00 PM EST
HK$34.24
-HK$0.80(-1.90%)
Day’s Range― - ―
52-Week RangeHK$33.12 - HK$104.00
Previous CloseN/A
Volume23.90K
Average Volume (3M)950.24K
Market Cap
HK$101.39B
Enterprise ValueHK$80.52B
Total Cash (Recent Filing)HK$24.34B
Total Debt (Recent Filing)HK$3.81B
Price to Earnings (P/E)10.7
Beta1.21
Next Earnings
Aug 18, 2026EPS Estimate
0.9Next Dividend Ex-DateN/A
Dividend Yield1.01%
Share Statistics
EPS (TTM)3.59
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$55.67Price Target Upside62.60% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering14
EPS Forecast (FY)3.5
Revenue Forecast (FY)HK$41.07B
Bulls Say, Bears Say
Bulls Say
Margin ExpansionTME's step-up in gross and net margins signals materially stronger unit economics and licensing efficiency. Durable margin expansion supports cash generation, funds content/IP investment and dividends, and provides a buffer against revenue volatility over the next several quarters.
Conservative Balance SheetVery low leverage and a large equity base give TME strategic flexibility: supports continued investment in content and AI, sustains dividend capacity, and reduces refinancing and solvency risk, strengthening the company's resilience across a 2–6 month horizon.
Diversified Monetization & ScaleScale in paid memberships plus rapid non-subscription growth and strong AI adoption diversify revenue beyond subscriptions. This multi-channel monetization (ads, live, merch, IP) and platform effects support more stable, enduring revenue streams and lower reliance on any single product.
Bears Say
Subscription Growth PressureSubscription slowdown risks undermining TME's core recurring revenue and ARPU. Sustained competitive pressure could force higher marketing spend or heavier discounts, eroding margins and making growth dependent on lower-margin non-subscription channels over the medium term.
AI Risks To Content & RoyaltiesProliferation of AI-generated content can dilute exclusive IP value, compress royalty pools and invite regulatory or industry-policy changes. These structural shifts threaten long-term pricing power for licensed content and could reduce creator monetization and platform differentiation.
Transparency & Regulatory UncertaintyCeasing some quarterly KPI disclosures and ongoing regulatory review of acquisitions lower visibility into execution and strategic optionality. Reduced transparency and regulatory constraints can hinder investor assessment and slow M&A or capital return actions over several months.
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$33.12 and its highest was HK$104.00 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$101.39B.
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 Aug 18, 2026 which is in 67 days.
How were Tencent Music Entertainment Group Class A’s earnings last quarter?
Tencent Music Entertainment Group Class A released its earnings results on May 12, 2026. The company reported HK$0.772 earnings per share for the quarter, missing the consensus estimate of HK$0.779 by -HK$0.007.
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$0.94 which represents an annual dividend yield of 1.01%. 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 0.9.
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$0.772 in its last earnings report, missing expectations of HK$0.779. Following the earnings report the stock price went down -1.525%.
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
Neutral
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10
Technicals
SMA
Positive
20 days / 200 days
Momentum
86.95%
12-Months-Change
Fundamentals
Return on Equity
10.97%
Trailing 12-Months
Asset Growth
7.69%
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$55.67
▲(62.60% Upside)
Technical Analysis
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Options Prices
Currently, No data available
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