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Tencent Music Entertainment Group (TME)
NYSE:TME
RESEARCH TOOLSreports
Tencent Music Entertainment Group (TME) Stock Price & Analysis
1,327 Followers
TME Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$5.70 - $15.77
Previous Close$15.42
Volume7.99M
Average Volume (3M)8.14M
Market Cap
$26.55B
Enterprise Value$17.92B
Total Cash (Recent Filing)$15.62B
Total Debt (Recent Filing)$5.96B
Price to Earnings (P/E)33.0
Beta0.50
Next Earnings
Aug 12, 2024EPS Estimate
$0.15Next Dividend Ex-Date
May 31, 2024Dividend YieldN/A
Share Statistics
EPS (TTM)0.47
Shares Outstanding1,716,077,131
10 Day Avg. Volume9,009,420
30 Day Avg. Volume8,139,392
Standard Deviation0.18
R-Squared0.05
Alpha0.00015
Financial Highlights & Ratios
Price to Book (P/B)0.77
Price to Sales (P/S)0.48
Price to Cash Flow (P/CF)N/A
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue1.32
Enterprise Value/Gross Profit2.04
Enterprise Value/Ebitda9.87
Forecast
1Y Price Target
$14.72Price Target Upside-4.54% Downside
Rating ConsensusStrong Buy
Number of Analyst Covering14
Tencent Music Entertainment Group News
PremiumCompany Announcements
Tencent Music Announces Mixed Q1 Results and Dividend
Bulls Say, Bears Say
Bulls Say
Dividends And Share RepurchasesThe company has announced its first annual cash dividend, highlighting strong cash generation capabilities and is actively enhancing shareholder returns through dividends and share repurchases.
Financial PerformanceGross margins increased significantly, exceeding market expectations and indicating strong underlying drivers that support continued margin expansion.
Market PositionDespite intense competition in the Chinese internet space, TME's position as a vertical category leader provides an attractive risk/reward profile.
Bears Say
Negative PerformanceWeak Social Entertainment performance reflects a strategic shift rather than a negative trend.
Regulatory ChallengesSocial entertainment and others revenue declined due to stringent compliance procedures.
Revenue DeclineSocial Entertainment segment revenue growth came in at -50% YoY.
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Ownership Overview
0.00%
Insiders
6.14% Mutual Funds
26.29% 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 $5.70 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 Aug 12, 2024 which is in 85 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 $0.126 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 Overvalued.
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 N/A. 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 $0.126 in its last earnings report, missing expectations of $0.129. Following the earnings report the stock price went up 10.945%.
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 36M.
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Tencent Music Entertainment Group Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Strong Buy
Average Price Target:
$14.72 (-4.54% Downside)
$14.72 (-4.54% Downside)
Blogger Sentiment
Bullish
TME Sentiment 100%
Sector Average 66%
Sector Average 66%
Hedge Fund Trend
Increased
By 8.7M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▲ 6.9%
Last 30 Days ▲ 15.7%
Last 30 Days ▲ 15.7%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
85.55%
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
$14.72
▼(-4.54% Downside)
Technical Analysis
Best Analysts Covering TME
1 Year
1 Year Success Rate
8/8 ratings generated profit
1 Year Average Return
+80.94%
assigned a buy rating 2 months ago
Copying Lei Zhang's trades and holding each position for 1 Year would result in 100.00% of your transactions generating a profit, with an average return of +80.94% per trade.
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