1698 Stock Overview
Tencent Music Entertainment Group operates online music entertainment platforms to provide music streaming, online karaoke, and live streaming services in the People’s Republic of China.
| Snowflake Score | |
|---|---|
| Valuation | 1/6 |
| Future Growth | 2/6 |
| Past Performance | 5/6 |
| Financial Health | 5/6 |
| Dividends | 0/6 |
Rewards
Risk Analysis
No risks detected for 1698 from our risk checks.
Tencent Music Entertainment Group Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$50.00 |
| 52 Week High | US$53.70 |
| 52 Week Low | US$23.10 |
| Beta | 0.82 |
| 1 Month Change | 11.73% |
| 3 Month Change | 36.99% |
| 1 Year Change | 80.83% |
| 3 Year Change | n/a |
| 5 Year Change | n/a |
| Change since IPO | 174.42% |
Recent News & Updates
Recent updates
Shareholder Returns
| 1698 | HK Entertainment | HK Market | |
|---|---|---|---|
| 7D | 0% | 5.9% | 2.8% |
| 1Y | 80.8% | -26.8% | -8.1% |
Return vs Industry: 1698 exceeded the Hong Kong Entertainment industry which returned -28.1% over the past year.
Return vs Market: 1698 exceeded the Hong Kong Market which returned -7.4% over the past year.
Price Volatility
| 1698 volatility | |
|---|---|
| 1698 Average Weekly Movement | 7.6% |
| Entertainment Industry Average Movement | 10.0% |
| Market Average Movement | 7.5% |
| 10% most volatile stocks in HK Market | 14.9% |
| 10% least volatile stocks in HK Market | 3.6% |
Stable Share Price: 1698's share price has been volatile over the past 3 months.
Volatility Over Time: 1698's weekly volatility (8%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| n/a | 5,185 | Ross Liang | www.tencentmusic.com |
Tencent Music Entertainment Group operates online music entertainment platforms to provide music streaming, online karaoke, and live streaming services in the People’s Republic of China. It offers QQ Music, Kugou Music, and Kuwo Music that enable users to discover music in personalized ways; long-form audio content, including audiobooks, podcasts and talk shows, as well as music-oriented video content comprising music videos, live performances, and short videos; and WeSing, which enables users to sing along from its library of karaoke songs and share their performances in audio or video formats with friends. The company also delivers music-centric live streaming services primarily through the Live Streaming tab on QQ Music, Kugou Music, Kuwo Music, WeSing, Kugou Live, and Kuwo Live that provides an interactive online stage for performers and users to showcase their talent and engage with a diverse audience base; and Lazy Audio, an audio platform.
Tencent Music Entertainment Group Fundamentals Summary
| 1698 fundamental statistics | |
|---|---|
| Market cap | HK$150.91b |
| Earnings (TTM) | HK$5.31b |
| Revenue (TTM) | HK$29.95b |
29.9x
P/E Ratio5.3x
P/S RatioIs 1698 overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| 1698 income statement (TTM) | |
|---|---|
| Revenue | CN¥27.75b |
| Cost of Revenue | CN¥17.96b |
| Gross Profit | CN¥9.80b |
| Other Expenses | CN¥4.88b |
| Earnings | CN¥4.92b |
Last Reported Earnings
Dec 31, 2023
Next Earnings Date
May 13, 2024
| Earnings per share (EPS) | 3.16 |
| Gross Margin | 35.29% |
| Net Profit Margin | 17.73% |
| Debt/Equity Ratio | 9.9% |
How did 1698 perform over the long term?
See historical performance and comparison