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Tencent Music Entertainment (DE:63TA)
:63TA
RESEARCH TOOLSreports
Holding DE:63TA?
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63TA Stock Chart & Stats
Day’s Range― - ―
52-Week Range€7.64 - €14.40
Previous CloseN/A
Volume0.00
Average Volume (3M)0.00
Market Cap
€16.61B
Enterprise Value€15.91B
Total Cash (Recent Filing)$3.33B
Total Debt (Recent Filing)N/A
Price to Earnings (P/E)20.5
Beta0.68
Next Earnings
Mar 25, 2025EPS Estimate
0.16Last Dividend Ex-Date
May 31, 2024Dividend Yield1.29%
Share Statistics
EPS (TTM)0.50
Shares Outstanding883,602,500
10 Day Avg. Volume0
30 Day Avg. Volume0
Standard DeviationN/A
R-SquaredN/A
AlphaN/A
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)4.66
Price to Cash Flow (P/CF)N/A
P/FCF Ratio0.00
Enterprise Value/Market Cap0.96
Enterprise Value/Revenue2.30
Enterprise Value/Gross Profit1.62
Enterprise Value/Ebitda15.21
Forecast
1Y Price Target
€14.64Price Target Upside43.53% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering8
Tencent Music Entertainment News
PremiumCompany Announcements
Tencent Music Reports Strong Q3 2024 Performance
PremiumPre-Earnings
Is TME a Buy, Before Earnings?Bulls Say, Bears Say
Bulls Say
Financial PerformanceNon-IFRS net income grew by 29% YoY to RMB1.81bn, also in line with consensus estimates.
Market PositionDominant market share, focused strategy, and proven execution record make Tencent Music Entertainment (TME) a compelling asset to own.
Membership GrowthTME's SVIP member is on track to grow to 21 million by the end of FY26, leveraging its SVIP-exclusive HD music offering and bundling sales of long-form-audio content.
Bears Say
EarningsProfit 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 PerformanceSocial 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
81.39% Public Companies and Individual Investors
Website Traffic
The estimated number of people who visited one or more of the websites owned by Tencent Music Entertainment
Desktop Users
Mobile Users
63TA FAQ
What was Tencent Music Entertainment’s price range in the past 12 months?
Tencent Music Entertainment lowest stock price was €7.64 and its highest was €14.40 in the past 12 months.
What is Tencent Music Entertainment’s market cap?
Tencent Music Entertainment’s market cap is €16.61B.
When is Tencent Music Entertainment’s upcoming earnings report date?
Tencent Music Entertainment’s upcoming earnings report date is Mar 25, 2025 which is in 69 days.
How were Tencent Music Entertainment’s earnings last quarter?
Tencent Music Entertainment released its earnings results on Nov 12, 2024. The company reported €0.134 earnings per share for the quarter, missing the consensus estimate of €0.149 by -€0.015.
Is Tencent Music Entertainment overvalued?
According to Wall Street analysts Tencent Music Entertainment’s price is currently Undervalued.
Does Tencent Music Entertainment pay dividends?
Tencent Music Entertainment pays a Notavailable dividend of €0.117 which represents an annual dividend yield of 1.29%. See more information on Tencent Music Entertainment dividends here
What is Tencent Music Entertainment’s EPS estimate?
Tencent Music Entertainment’s EPS estimate is 0.16.
How many shares outstanding does Tencent Music Entertainment have?
Tencent Music Entertainment has 883,602,500 shares outstanding.
What happened to Tencent Music Entertainment’s price movement after its last earnings report?
Tencent Music Entertainment reported an EPS of €0.134 in its last earnings report, missing expectations of €0.149. Following the earnings report the stock price went down -0.943%.
Which hedge fund is a major shareholder of Tencent Music Entertainment?
Currently, no hedge funds are holding shares in DE:63TA
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Tencent Music Entertainment Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
€14.64 (43.53% Upside)
€14.64 (43.53% Upside)
Blogger Sentiment
Bullish
DE:63TA Sentiment 70%
Sector Average 66%
Sector Average 66%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
12.18%
12-Months-Change
Fundamentals
Return on Equity
10.12%
Trailing 12-Months
Asset Growth
20.74%
Trailing 12-Months
Company Description
Tencent Music Entertainment
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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63TA 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>---
63TA Stock 12 Month Forecast
Average Price Target
€14.64
▲(43.53% Upside)
Technical Analysis
Tencent Music Entertainment
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Spotify Technology SA
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Bilibili
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Iqiyi Inc
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Huya
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JOYY
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NetEase
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Best Analysts Covering 63TA
1 Year
1 Year Success Rate
7/11 ratings generated profit
1 Year Average Return
+22.78%
reiterated a buy rating 5 months ago
Copying Thomas Chong's trades and holding each position for 1 Year would result in 63.64% of your transactions generating a profit, with an average return of +22.78% per trade.
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