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Tencent Music Entertainment Group (TME)
NYSE:TME
RESEARCH TOOLSreports
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TME Stock Chart & Stats
Day’s Range― - ―
52-Week Range$8.88 - $15.77
Previous CloseN/A
Volume2.31M
Average Volume (3M)6.56M
Market Cap
$18.00B
Enterprise Value$15.91B
Total Cash (Recent Filing)$3.33B
Total Debt (Recent Filing)N/A
Price to Earnings (P/E)21.5
Beta1.01
Next Earnings
Mar 25, 2025EPS Estimate
0.17Last Dividend Ex-Date
May 31, 2024Dividend Yield1.15%
Share Statistics
EPS (TTM)0.54
Shares Outstanding883,602,500
10 Day Avg. Volume7,110,155
30 Day Avg. Volume6,558,229
Standard Deviation0.18
R-Squared0.04
Alpha0.00547
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)5.26
Price to Cash Flow (P/CF)N/A
P/FCF Ratio0.00
Enterprise Value/Market Cap0.88
Enterprise Value/Revenue2.30
Enterprise Value/Gross Profit1.62
Enterprise Value/Ebitda15.21
Forecast
1Y Price Target
$14.44Price Target Upside22.58% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering9
Tencent Music Entertainment Group News
PremiumCompany Announcements
Tencent Music Reports Strong Q3 2024 Performance
Bulls Say, Bears Say
Bulls Say
Financial PerformanceProfit growth trend remains largely intact on operational leverage and cost optimization.
Strategic GrowthThe combination of a market with little competition, management’s track record of adaption and execution, and new growth path ahead make TME one of the best positioned Chinese Internet companies in their respective fields.
Subscriber ExpansionAdding around 1 million SVIP members per quarter suggests a steady increase in TME's premium user base.
Bears Say
Financial PerformanceProfit missed market expectation due to a one-off foreign exchange loss.
Market ReactionRecent changes in operational focuses scared the market, a response viewed as an overreaction, with concerns about the growth trajectory being broken.
Revenue DeclineSocial entertainment and others revenue was down by 24% YoY due to adjustment of certain live streaming functions and intense competition.
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Ownership Overview
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Insiders
9.90% Mutual Funds
0.01% Other Institutional Investors
81.40% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
The estimated number of people who visited one or more of the websites owned by Tencent Music Entertainment Group
Desktop Users
Mobile Users
TME FAQ
What was Tencent Music Entertainment Group’s price range in the past 12 months?
Tencent Music Entertainment Group lowest stock price was $8.88 and its highest was $15.77 in the past 12 months.
What is Tencent Music Entertainment Group’s market cap?
Tencent Music Entertainment Group’s market cap is $18.00B.
When is Tencent Music Entertainment Group’s upcoming earnings report date?
Tencent Music Entertainment Group’s upcoming earnings report date is Mar 25, 2025 which is in 55 days.
How were Tencent Music Entertainment Group’s earnings last quarter?
Tencent Music Entertainment Group released its earnings results on Nov 12, 2024. The company reported $0.139 earnings per share for the quarter, missing the consensus estimate of $0.155 by -$0.016.
Is Tencent Music Entertainment Group overvalued?
According to Wall Street analysts Tencent Music Entertainment Group’s price is currently Undervalued.
Does Tencent Music Entertainment Group pay dividends?
Tencent Music Entertainment Group pays a Notavailable dividend of $0.12 which represents an annual dividend yield of 1.15%. See more information on Tencent Music Entertainment Group dividends here
What is Tencent Music Entertainment Group’s EPS estimate?
Tencent Music Entertainment Group’s EPS estimate is 0.17.
How many shares outstanding does Tencent Music Entertainment Group have?
Tencent Music Entertainment Group has 883,602,500 shares outstanding.
What happened to Tencent Music Entertainment Group’s price movement after its last earnings report?
Tencent Music Entertainment Group reported an EPS of $0.139 in its last earnings report, missing expectations of $0.155. Following the earnings report the stock price went down -5.455%.
Which hedge fund is a major shareholder of Tencent Music Entertainment Group?
Currently, no hedge funds are holding shares in TME
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Tencent Music Entertainment Group Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
$14.44 (22.58% Upside)
$14.44 (22.58% Upside)
Blogger Sentiment
Bullish
TME Sentiment 100%
Sector Average 67%
Sector Average 67%
Hedge Fund Trend
Decreased
By 12.5M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 0.9%
Last 30 Days ▼ 4.8%
Last 30 Days ▼ 4.8%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
30.69%
12-Months-Change
Fundamentals
Return on Equity
10.12%
Trailing 12-Months
Asset Growth
20.74%
Trailing 12-Months
Company Description
Tencent Music Entertainment Group
Incorporated in 2012, China-based Tencent Music Entertainment Group is an online music entertainment platform that provides music streaming, online karaoke, and live streaming services services. The company is a subsidiary of Tencent Holdings Limited.
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TME Earnings Call
Q3 2024
0:00 / 0:00
Earnings Call Sentiment|Positive
The earnings call reflects a strong quarter for Tencent Music Entertainment Group, with significant growth in online music services revenue, subscriber base, and SVIP memberships, alongside robust advertising revenue growth. However, there were challenges, including a decline in social entertainment revenue and an increased effective tax rate. Overall, the highlights significantly outweigh the lowlights.Read More>---
TME Stock 12 Month Forecast
Average Price Target
$14.44
▲(22.58% Upside)
Technical Analysis
Best Analysts Covering TME
1 Year
1 Year Success Rate
10/11 ratings generated profit
1 Year Average Return
+31.37%
reiterated a buy rating 3 months ago
Copying Lei Zhang's trades and holding each position for 1 Year would result in 90.91% of your transactions generating a profit, with an average return of +31.37% per trade.
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