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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$6.77 - $15.77
Previous Close$11.55
Volume13.65M
Average Volume (3M)9.83M
Market Cap
$19.18B
Enterprise Value$10.55B
Total Cash (Recent Filing)$15.62B
Total Debt (Recent Filing)$5.96B
Price to Earnings (P/E)23.1
Beta0.90
Next Earnings
Mar 25, 2025EPS Estimate
$0.17Last Dividend Ex-Date
May 31, 2024Dividend Yield1.17%
Share Statistics
EPS (TTM)0.50
Shares Outstanding1,716,077,131
10 Day Avg. Volume6,576,195
30 Day Avg. Volume9,825,766
Standard Deviation0.18
R-Squared0.04
Alpha0.00241
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)0.34
Price to Sales (P/S)5.01
Price to Cash Flow (P/CF)N/A
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue0.78
Enterprise Value/Gross Profit1.20
Enterprise Value/Ebitda5.81
Forecast
1Y Price Target
$14.61Price Target Upside33.79% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering14
Tencent Music Entertainment Group 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 PerformanceOnline music revenue grew by 28% YoY to RMB5.42bn, with subscription/non-subscription revenue up by 29/24% YoY respectively.
Market PositionDominant market share, focused strategy, and proven execution record make Tencent Music Entertainment (TME) a compelling asset to own.
User GrowthSuper VIP members reached an important milestone of 10 million after exploring the initiative for about a year.
Bears Say
Earnings EstimateUncertainties 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 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 declined by 43% YoY but stabilized QoQ at RMB1.74bn.
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Ownership Overview
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Insiders
8.64% Mutual Funds
9.14% Other Institutional Investors
73.52% 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 $6.76 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 Mar 25, 2025 which is in 87 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 $0.14 earnings per share for the quarter, missing the consensus estimate of $0.156 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 1.17%. 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 $0.14 in its last earnings report, missing expectations of $0.156. Following the earnings report the stock price went down -5.455%.
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
Moderate Buy
Average Price Target:
$14.61 (33.79% Upside)
$14.61 (33.79% Upside)
Blogger Sentiment
Bullish
TME Sentiment 100%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Increased
By 5.4M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▲ 1.6%
Last 30 Days ▲ 10.1%
Last 30 Days ▲ 10.1%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
57.98%
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
$14.61
▲(33.79% Upside)
Technical Analysis
Best Analysts Covering TME
1 Year
1 Year Success Rate
9/10 ratings generated profit
1 Year Average Return
+34.45%
reiterated a buy rating 5 months ago
Copying Lei Zhang's trades and holding each position for 1 Year would result in 90.00% of your transactions generating a profit, with an average return of +34.45% per trade.
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