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Tencent Music Entertainment Group NYSE:TME Stock Report

Last Price

US$14.44

Market Cap

US$23.4b

7D

-3.6%

1Y

112.4%

Updated

18 Jul, 2024

Data

Company Financials +

Tencent Music Entertainment Group

NYSE:TME Stock Report

Market Cap: US$23.4b

TME Stock Overview

Operates online music entertainment platforms to provide music streaming, online karaoke, and live streaming services in the People’s Republic of China.

TME fundamental analysis
Snowflake Score
Valuation2/6
Future Growth3/6
Past Performance4/6
Financial Health5/6
Dividends2/6

Tencent Music Entertainment Group Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Tencent Music Entertainment Group
Historical stock prices
Current Share PriceUS$14.44
52 Week HighUS$15.77
52 Week LowUS$5.70
Beta0.67
11 Month Change0.56%
3 Month Change27.11%
1 Year Change112.35%
33 Year Change24.70%
5 Year Change-0.89%
Change since IPO3.14%

Recent News & Updates

Tencent Music Entertainment Group (NYSE:TME) Could Easily Take On More Debt

Jul 01
Tencent Music Entertainment Group (NYSE:TME) Could Easily Take On More Debt

Calculating The Intrinsic Value Of Tencent Music Entertainment Group (NYSE:TME)

May 24
Calculating The Intrinsic Value Of Tencent Music Entertainment Group (NYSE:TME)

Recent updates

Tencent Music Entertainment Group (NYSE:TME) Could Easily Take On More Debt

Jul 01
Tencent Music Entertainment Group (NYSE:TME) Could Easily Take On More Debt

Calculating The Intrinsic Value Of Tencent Music Entertainment Group (NYSE:TME)

May 24
Calculating The Intrinsic Value Of Tencent Music Entertainment Group (NYSE:TME)

Earnings Tell The Story For Tencent Music Entertainment Group (NYSE:TME)

May 06
Earnings Tell The Story For Tencent Music Entertainment Group (NYSE:TME)

Should You Think About Buying Tencent Music Entertainment Group (NYSE:TME) Now?

Apr 06
Should You Think About Buying Tencent Music Entertainment Group (NYSE:TME) Now?

Tencent Music Entertainment Group (NYSE:TME) Analysts Are Pretty Bullish On The Stock After Recent Results

Mar 22
Tencent Music Entertainment Group (NYSE:TME) Analysts Are Pretty Bullish On The Stock After Recent Results

Tencent Music Entertainment's Foreseeable Path To Prosperity With Structural Opportunities

Mar 06

Does Tencent Music Entertainment Group (NYSE:TME) Have A Healthy Balance Sheet?

Mar 01
Does Tencent Music Entertainment Group (NYSE:TME) Have A Healthy Balance Sheet?

Some Investors May Be Worried About Tencent Music Entertainment Group's (NYSE:TME) Returns On Capital

Feb 15
Some Investors May Be Worried About Tencent Music Entertainment Group's (NYSE:TME) Returns On Capital

Tencent Music Entertainment: Consider Music Business Growth And Shareholder Return

Jan 11

Tencent Music: Turnaround, Interrupted

Oct 26

Tencent Music: Post-Earnings Stock Price Outperformance Isn't Sustainable

Aug 18

Tencent Music: It's Time To Tune In

Jul 25

Tencent Music Entertainment: Staying On The Sidelines

Jun 12

Tencent Music Entertainment: Change Takes Time

Jan 31

Tencent Music Entertainment Non-GAAP EPADS of $0.12 beats by $0.02, revenue of $1.04B beats by $49.33M

Nov 15

Tencent Music Entertainment: No Surprises Expected

Oct 31

Tencent Music successfully lists on Hong Kong stock exchange

Sep 21

Tencent Music gains on report it may list in Hong Kong as soon as next week

Sep 14

Tencent Music Entertainment partners with Billboard to promote high-quality Chinese music

Aug 31

Tencent Music Entertainment: Earnings Beat Overshadowed By Mixed Outlook

Aug 19

Tencent Music Entertainment Q2 2022 Earnings Preview

Aug 12

Shrinking Tencent Music Looks For Sustainable Business Model

May 18

Tencent Music Entertainment: Monopoly Trading At A Deeply Discounted Valuation

Apr 06

What Is Tencent Music Entertainment Group's (NYSE:TME) Share Price Doing?

Feb 03
What Is Tencent Music Entertainment Group's (NYSE:TME) Share Price Doing?

Tencent Music: A Misunderstood, Underappreciated And Undervalued Business

Jan 23

Tencent Music Entertainment Group (NYSE:TME) Has A Rock Solid Balance Sheet

Jan 19
Tencent Music Entertainment Group (NYSE:TME) Has A Rock Solid Balance Sheet

Is Tencent Music Entertainment Group (NYSE:TME) Trading At A 49% Discount?

Nov 30
Is Tencent Music Entertainment Group (NYSE:TME) Trading At A 49% Discount?

Returns Are Gaining Momentum At Tencent Music Entertainment Group (NYSE:TME)

Nov 15
Returns Are Gaining Momentum At Tencent Music Entertainment Group (NYSE:TME)

At US$8.18, Is It Time To Put Tencent Music Entertainment Group (NYSE:TME) On Your Watch List?

Oct 29
At US$8.18, Is It Time To Put Tencent Music Entertainment Group (NYSE:TME) On Your Watch List?

Is Tencent Music Entertainment Group (NYSE:TME) A Risky Investment?

Oct 11
Is Tencent Music Entertainment Group (NYSE:TME) A Risky Investment?

Tencent Music: Another China Regulations Play

Aug 25

Returns On Capital Are Showing Encouraging Signs At Tencent Music Entertainment Group (NYSE:TME)

Aug 16
Returns On Capital Are Showing Encouraging Signs At Tencent Music Entertainment Group (NYSE:TME)

Should You Investigate Tencent Music Entertainment Group (NYSE:TME) At US$10.52?

Jul 29
Should You Investigate Tencent Music Entertainment Group (NYSE:TME) At US$10.52?

Does Tencent Music Entertainment Group (NYSE:TME) Have A Healthy Balance Sheet?

Jul 11
Does Tencent Music Entertainment Group (NYSE:TME) Have A Healthy Balance Sheet?

Tencent Music Entertainment Group: A Tempting Investment Opportunity

Jun 14

Is Now The Time To Put Tencent Music Entertainment Group (NYSE:TME) On Your Watchlist?

Jun 08
Is Now The Time To Put Tencent Music Entertainment Group (NYSE:TME) On Your Watchlist?

Shareholder Returns

TMEUS EntertainmentUS Market
7D-3.6%-0.8%-0.7%
1Y112.4%19.1%20.2%

Return vs Industry: TME exceeded the US Entertainment industry which returned 19.1% over the past year.

Return vs Market: TME exceeded the US Market which returned 20.2% over the past year.

Price Volatility

Is TME's price volatile compared to industry and market?
TME volatility
TME Average Weekly Movement6.0%
Entertainment Industry Average Movement6.2%
Market Average Movement5.9%
10% most volatile stocks in US Market14.9%
10% least volatile stocks in US Market2.9%

Stable Share Price: TME has not had significant price volatility in the past 3 months.

Volatility Over Time: TME's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/a5,185Ross Liangwww.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

How do Tencent Music Entertainment Group's earnings and revenue compare to its market cap?
TME fundamental statistics
Market capUS$23.37b
Earnings (TTM)US$715.43m
Revenue (TTM)US$3.79b

31.9x

P/E Ratio

6.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
TME income statement (TTM)
RevenueCN¥27.52b
Cost of RevenueCN¥17.27b
Gross ProfitCN¥10.25b
Other ExpensesCN¥5.06b
EarningsCN¥5.19b

Last Reported Earnings

Mar 31, 2024

Next Earnings Date

Aug 13, 2024

Earnings per share (EPS)3.28
Gross Margin37.25%
Net Profit Margin18.88%
Debt/Equity Ratio9.3%

How did TME perform over the long term?

See historical performance and comparison

Dividends

0.9%

Current Dividend Yield

29%

Payout Ratio
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