Tencent Music Entertainment Group Class A (HK:1698)
:1698
Want to see HK:1698 full AI Analyst Report?
1698 Stock Chart & Stats
HK$39.68
-HK$0.80(-1.90%)
At close: 4:00 PM EST
HK$39.68
-HK$0.80(-1.90%)
Day’s Range― - ―
52-Week RangeHK$35.20 - HK$104.00
Previous CloseN/A
Volume23.90K
Average Volume (3M)950.24K
Market Cap
HK$105.63B
Enterprise ValueHK$95.35B
Total Cash (Recent Filing)HK$24.34B
Total Debt (Recent Filing)HK$3.81B
Price to Earnings (P/E)17.6
Beta1.26
Next Earnings
May 12, 2026EPS Estimate
0.78Next Dividend Ex-DateN/A
Dividend Yield1.01%
Share Statistics
EPS (TTM)0.80
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$65.47Price Target Upside65.00% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering12
EPS Forecast (FY)3.47
Revenue Forecast (FY)HK$41.04B
Bulls Say, Bears Say
Bulls Say
Improved ProfitabilitySustained margin expansion and rising net income reflect stronger unit economics and pricing power across TME’s services. Higher and durable profitability provides internal funding for content, product investment and dividends, reducing reliance on external financing and supporting long-term value creation.
Low Leverage & Capital FlexibilityA very low leverage profile and a large equity base give TME financial flexibility to fund content/IP, invest in AI/product initiatives, pursue M&A or withstand cyclical softness. Conservative balance sheet supports steady dividends and reduces refinancing and solvency risk over the medium term.
Scale & Product InnovationLarge paid-user scale plus membership tiering and ad‑supported options deepen engagement and open multiple monetization paths. Scale lowers marginal content costs and raises negotiating leverage with labels, supporting sustainable ARPU gains and diversified revenue over time.
Bears Say
Subscription Growth PressureSubscription revenue is the core recurring engine for margins and valuation. Sustained competitive pressure could slow user additions or force promotional pricing, compressing ARPU and gross margins. If structural, weakened subscription dynamics would reduce long-term earnings visibility.
AI-Related Content & Royalty RiskWidespread AI adoption may alter content creation economics and royalty allocation, potentially lowering licensing value or triggering higher compliance costs. Uncertain industry standards and rights management could raise legal, cost and revenue risk for TME’s IP-heavy business model over the medium term.
Regulatory & M&A UncertaintyPending regulatory reviews and conditional capital return flexibility constrain strategic M&A execution and limits predictable shareholder returns. Prolonged regulatory uncertainty can delay integration synergies, capital deployment and impair management’s ability to execute long-term growth initiatives.
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$35.20 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$105.63B.
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 May 12, 2026 which is in 14 days.
How were Tencent Music Entertainment Group Class A’s earnings last quarter?
Tencent Music Entertainment Group Class A released its earnings results on Mar 17, 2026. The company reported HK$0.802 earnings per share for the quarter, missing the consensus estimate of HK$0.848 by -HK$0.046.
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$0.701 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 0.78.
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$0.802 in its last earnings report, missing expectations of HK$0.848. Following the earnings report the stock price went up 0.615%.
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
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Strong Buy
Average Price Target:
HK$65.47 (65.00% Upside)
HK$65.47 (65.00% Upside)
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
86.95%
12-Months-Change
Fundamentals
Return on Equity
13.77%
Trailing 12-Months
Asset Growth
18.56%
Trailing 12-Months
Company Description
Tencent Music Entertainment Group Class A
Tencent Music Entertainment Group operates online music entertainment platforms to provide music streaming, online karaoke, and live streaming services in the People's Republic of China. It offers QQ Music, Kugou Music, and Kuwo Music that enable users to discover and listen to music in personalized ways; and WeSing, which enables users to have fun by singing and interacting with friends, sharing their singing performances with friends, and discovering songs that others have sung. The company also operates Kugou Music, Kuwo Music, WeSing, QQ Music, Kugou Live, and Kuwo Live that provides an interactive online stage for performers and users to showcase their talent and engage with those interested in their performance; and Kuwo Changting, an audio platform that offers users various audio content, including audio books, cross-talks, radio dramas, and other entertainment. In addition, it sells music-related merchandise, including Kugou headsets, smart speakers, WeSing karaoke microphones, and Hi-Fi systems; and offers online music event ticketing services, as well as services to smart device and automobile makers to build and operate music services on devices and vehicles. Tencent Music Entertainment Group has a strategic partnership with China Literature. The company is headquartered in Shenzhen, China. Tencent Music Entertainment Group is a subsidiary of Tencent Holdings Limited.
1698 Stock 12 Month Forecast
Average Price Target
HK$65.47
▲(65.00% Upside)
Technical Analysis
China Literature
―
Baidu, Inc. Class A
―
Weibo Corp Class A
―
Kuaishou Technology Class B
―
Maoyan Entertainment
―
Options Prices
Currently, No data available
---