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$102.93B
Enterprise ValueHK$80.52B
Total Cash (Recent Filing)HK$24.34B
Total Debt (Recent Filing)HK$3.81B
Price to Earnings (P/E)10.8
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
Material Margin And Profitability ImprovementSustained margin expansion and rising net income indicate durable operating leverage and improved pricing/licensing economics. Higher gross and net margins provide buffer against competitive pricing, support reinvestment and dividends, and reflect structural improvements in cost mix and monetization.
Very Low Leverage And Solid LiquidityExtremely low debt and large equity provide financial flexibility for content investment, M&A or buybacks without stressing interest coverage. This reduces refinancing risk, enables selective capital allocation, and supports multi-year growth initiatives even if cash flow volatility recurs.
Diversified Monetization And Product ScaleRobust growth across subscriptions, non-subscription channels and AI-enabled tools signals multiple durable revenue engines. Scale in SVIP and ad/merch/IP expansion lowers dependence on one channel, broadens ARPU levers, and positions the company to monetize creator and live-event ecosystems over several years.
Bears Say
Subscription Growth Under Competitive PressureSubscription revenue is a large, recurring base for the business; sustained competition that slows net subscriber adds or raises churn would materially reduce long-term recurring cash flows, force higher marketing/ROI spending, and compress lifetime value, stressing margins and growth visibility.
Cash Conversion Volatility And One-off ItemsYear-to-year swings in free cash flow and below-ideal conversion from accounting profit signal earnings quality and reinvestment risk. If volatility persists, it can constrain sustainable capex/content spending, limit dividends/buybacks, and complicate capital planning despite strong absolute cash balances.
AI/copyright And Regulatory Risks To Content EconomicsWidespread AI content threatens royalties and original content economics, potentially reducing creator incentives and licensing revenues. Regulatory responses or required royalty model changes could raise costs or restrict monetization, creating structural uncertainty around long-term content margins and IP monetization.
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$102.93B.
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 70 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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9
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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