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Tencent Music Entertainment Group (DE:63TA)
BERLIN:63TA
RESEARCH TOOLSreports
Holding DE:63TA?
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63TA Stock Chart & Stats
Day’s Range€0 - €0
52-Week Range€5.62 - €14.40
Previous Close€9.3
Volume0.00
Average Volume (3M)205.00
Market Cap
€15.17B
Enterprise Value€7.41B
Total Cash (Recent Filing)¥15.62B
Total Debt (Recent Filing)¥5.96B
Price to Earnings (P/E)19.8
Beta0.34
Next Earnings
Nov 12, 2024EPS Estimate
€0.14Last Dividend Ex-Date
May 31, 2024Dividend Yield1.3%
Share Statistics
EPS (TTM)0.46
Shares Outstanding1,716,077,131
10 Day Avg. Volume0
30 Day Avg. Volume205
Standard DeviationN/A
R-SquaredN/A
AlphaN/A
Financial Highlights & Ratios
Price to Book (P/B)3.67
Price to Sales (P/S)4.54
Price to Cash Flow (P/CF)N/A
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€13.42Price Target Upside44.30% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering9
Tencent Music Entertainment Group News
Bulls Say, Bears Say
Bulls Say
ProfitabilityOverall GPM expanded by 7.7ppt YoY and 1.1ppt QoQ to 42.0%.
Revenue GrowthOnline music revenue grew by 28% YoY to RMB5.42bn, with subscription/non-subscription revenue up by 29/24% YoY respectively.
User EngagementThe Super VIP program upgrade is expected to drive engaged user growth and ARPU.
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 ValuationLowered 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
6.70% Mutual Funds
26.06% Other Institutional Investors
67.24% 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 Group
Desktop Users
Mobile Users
63TA FAQ
What was Tencent Music Entertainment Group’s price range in the past 12 months?
Tencent Music Entertainment Group lowest stock price was €5.62 and its highest was €14.40 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 79 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 €0.135 earnings per share for the quarter, missing the consensus estimate of €0.138 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 €0.11 which represents an annual dividend yield of 1.3%. 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 €0.14.
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 €0.135 in its last earnings report, missing expectations of €0.138. Following the earnings report the stock price went up 1.695%.
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:
€13.42 (44.30% Upside)
€13.42 (44.30% Upside)
Blogger Sentiment
Bullish
DE:63TA Sentiment 100%
Sector Average 64%
Sector Average 64%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
61.03%
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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63TA Earnings Call
Q2 2024
0:00 / 0:00
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63TA Stock 12 Month Forecast
Average Price Target
€13.42
▲(44.30% Upside)
Technical Analysis
Tencent Music Entertainment Group
―
Spotify Technology SA
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Sirius XM Holdings
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Netflix
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Live Nation Entertainment
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Best Analysts Covering 63TA
1 Year
1 Year Success Rate
13/17 ratings generated profit
1 Year Average Return
+34.72%
assigned a buy rating 4 months ago
Copying Alex Poon's trades and holding each position for 1 Year would result in 76.47% of your transactions generating a profit, with an average return of +34.72% per trade.
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