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Tencent Music Entertainment Group (TME)
NYSE:TME
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TME Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$5.96 - $15.77
Previous Close$9.48
Volume5.27M
Average Volume (3M)8.44M
Market Cap
$16.04B
Enterprise Value$7.41B
Total Cash (Recent Filing)$15.62B
Total Debt (Recent Filing)$5.96B
Price to Earnings (P/E)19.0
Beta0.83
Next Earnings
Nov 12, 2024EPS Estimate
$0.16Last Dividend Ex-Date
May 31, 2024Dividend Yield1.4%
Share Statistics
EPS (TTM)0.50
Shares Outstanding1,716,077,131
10 Day Avg. Volume7,871,504
30 Day Avg. Volume8,436,543
Standard Deviation0.18
R-Squared0.03
Alpha0.00173
Financial Highlights & Ratios
Price to Book (P/B)0.29
Price to Sales (P/S)4.29
Price to Cash Flow (P/CF)N/A
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue0.55
Enterprise Value/Gross Profit0.84
Enterprise Value/Ebitda4.08
Forecast
1Y Price Target
$15.04Price Target Upside58.65% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering9
Tencent Music Entertainment Group News
Bulls Say, Bears Say
Bulls Say
Financial PerformanceNon-IFRS net income was up by 22% YoY to RMB1.87bn.
Growth StrategyThe Super VIP program upgrade is expected to drive engaged user growth and ARPU.
Revenue GrowthOnline music revenue grew by 28% YoY to RMB5.42bn, with subscription/non-subscription revenue up by 29/24% YoY respectively.
Bears Say
Earnings EstimatesUncertainties associated with the new ARPU growth strategy and adjustments in the live streaming business have led to a slight reduction in future earnings estimates.
Market ConditionsLowered average ‘25E P/E of 20x (from 23x) of major peers amid weak market.
Revenue DeclineSocial entertainment and others revenue declined by 43% YoY but stabilized QoQ at RMB1.74bn.
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Ownership Overview
0.00%
Insiders
6.73% Mutual Funds
25.69% Other Institutional Investors
67.58% 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 $5.96 and its highest was $15.77 in the past 12 months.
What is Tencent Music Entertainment Group’s market cap?
Currently, no data Available
When is Tencent Music Entertainment Group’s upcoming earnings report date?
Tencent Music Entertainment Group’s upcoming earnings report date is Nov 12, 2024 which is in 52 days.
How were Tencent Music Entertainment Group’s earnings last quarter?
Tencent Music Entertainment Group released its earnings results on Aug 13, 2024. The company reported $0.151 earnings per share for the quarter, missing the consensus estimate of $0.155 by -$0.004.
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 1.4%. 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 $0.16.
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 $0.151 in its last earnings report, missing expectations of $0.155. Following the earnings report the stock price went down -15.308%.
Which hedge fund is a major shareholder of Tencent Music Entertainment Group?
Among the largest hedge funds holding Tencent Music Entertainment Group’s share is Driehaus Capital Management LLC. It holds Tencent Music Entertainment Group’s shares valued at 100M.
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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:
$15.04 (58.65% Upside)
$15.04 (58.65% Upside)
Blogger Sentiment
Bullish
TME Sentiment 100%
Sector Average 64%
Sector Average 64%
Hedge Fund Trend
Increased
By 5.4M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▲ 1.1%
Last 30 Days ▲ 7.1%
Last 30 Days ▲ 7.1%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
52.64%
12-Months-Change
Fundamentals
Return on Equity
9.77%
Trailing 12-Months
Asset Growth
13.68%
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
Q2 2024
0:00 / 0:00
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TME Stock 12 Month Forecast
Average Price Target
$15.04
▲(58.65% Upside)
Technical Analysis
Best Analysts Covering TME
1 Year
1 Year Success Rate
12/17 ratings generated profit
1 Year Average Return
+31.78%
assigned a buy rating 5 months ago
Copying Alex Poon's trades and holding each position for 1 Year would result in 70.59% of your transactions generating a profit, with an average return of +31.78% per trade.
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