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Tencent Music Entertainment Group (TME)
NYSE:TME
RESEARCH TOOLSreports
Tencent Music Entertainment Group (TME) Stock Price & Analysis
1,362 Followers
TME Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$5.65 - $15.64
Previous Close$14.53
Volume10.92M
Average Volume (3M)7.47M
Market Cap
$24.66B
Enterprise Value$16.03B
Total Cash (Recent Filing)¥15.62B
Total Debt (Recent Filing)¥5.96B
Price to Earnings (P/E)31.1
Beta0.69
Next Earnings
Aug 12, 2024EPS Estimate
$0.15Last Dividend Ex-Date
May 31, 2024Dividend Yield0.89%
Share Statistics
EPS (TTM)0.47
Shares Outstanding1,716,077,131
10 Day Avg. Volume7,744,382
30 Day Avg. Volume7,466,324
Standard Deviation0.18
R-Squared0.04
Alpha0.00595
Financial Highlights & Ratios
Price to Book (P/B)0.75
Price to Sales (P/S)0.44
Price to Cash Flow (P/CF)3.00
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
$15.97Price Target Upside9.91% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering10
Tencent Music Entertainment Group News
PremiumCompany Announcements
Tencent Music Sets New 2024 Share Incentive Plan
PremiumCompany Announcements
Tencent Music Announces Mixed Q1 Results and DividendBulls Say, Bears Say
Bulls Say
Advertising RevenueAdvertising continued to lead growth with a 54% YoY segment revenue growth vs 41% of consensus, driven by increased adoption of ad-supported free-listening and sponsored ads.
EarningsNon-IFRS net income grew by 21% YoY to RMB1.70bn, 7% ahead of consensus estimate, primarily attributable to the solid GPM expansion and effective control in opex.
Subscriber GrowthPaying user net adds were particularly strong at a record-high of 6.8m in the quarter, backed by improving adoption from consumers, as well as AI-powered user targeting.
Bears Say
Compliance IssuesSocial entertainment and others revenue declined due to stringent compliance procedures.
Revenue DeclineSocial entertainment and others revenue dropped by 50% YoY to RMB1.76bn in 1Q24, due to adjustment of certain interactive functions.
Segment PerformanceSocial Entertainment & other revenue came in at -52% YoY.
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Ownership Overview
0.00%
Insiders
6.62% Mutual Funds
8.14% Other Institutional Investors
85.23% 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 $5.65 and its highest was $15.64 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 Aug 12, 2024 which is in 36 days.
How were Tencent Music Entertainment Group’s earnings last quarter?
Tencent Music Entertainment Group released its earnings results on May 13, 2024. The company reported $0.125 earnings per share for the quarter, missing the consensus estimate of $0.129 by -$0.003.
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 0.89%. 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 $0.15.
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 $0.125 in its last earnings report, missing expectations of $0.129. Following the earnings report the stock price went up 10.96%.
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 58M.
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Tencent Music Entertainment Group Stock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
$15.97 (9.91% Upside)
$15.97 (9.91% Upside)
Blogger Sentiment
Bullish
TME Sentiment 100%
Sector Average 65%
Sector Average 65%
Hedge Fund Trend
Decreased
By 1.4M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▲ 3.3%
Last 30 Days ▲ 1.4%
Last 30 Days ▲ 1.4%
Technicals
SMA
Positive
20 days / 200 days
Momentum
101.74%
12-Months-Change
Fundamentals
Return on Equity
9.27%
Trailing 12-Months
Asset Growth
8.92%
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
Q1 2024
0:00 / 0:00
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TME Stock 12 Month Forecast
Average Price Target
$15.97
▲(9.91% Upside)
Technical Analysis
Best Analysts Covering TME
1 Year
1 Year Success Rate
8/9 ratings generated profit
1 Year Average Return
+65.31%
reiterated a buy rating 2 months ago
Copying Lei Zhang's trades and holding each position for 1 Year would result in 88.89% of your transactions generating a profit, with an average return of +65.31% per trade.
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