Tencent Music Entertainment Group (TME)
- Previous Close
11.58 - Open
11.48 - Bid --
- Ask --
- Day's Range
11.23 - 11.52 - 52 Week Range
5.70 - 12.00 - Volume
3,378,575 - Avg. Volume
8,341,704 - Market Cap (intraday)
19.46B - Beta (5Y Monthly) 0.82
- PE Ratio (TTM)
26.37 - EPS (TTM)
0.43 - Earnings Date May 13, 2024
- Forward Dividend & Yield --
- Ex-Dividend Date --
- 1y Target Est
12.01
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. In addition, it sells music-related merchandise; and artist-related merchandise, such as branded apparel, posters and art prints, and accessories and integrated and technology-driven music solutions that help IoT device manufacturers build and operate their branded music services on their IoT devices, as well as offers advertising services across its online karaoke platform and online music apps. The company is headquartered in Shenzhen, China. Tencent Music Entertainment Group is a subsidiary of Tencent Holdings Limited.
www.tencentmusic.comRecent News: TME
Performance Overview: TME
Trailing total returns as of 4/19/2024, which may include dividends or other distributions. Benchmark is .
YTD Return
1-Year Return
3-Year Return
5-Year Return
Compare To: TME
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Statistics: TME
Valuation Measures
Market Cap
19.72B
Enterprise Value
17.31B
Trailing P/E
27.04
Forward P/E
18.52
PEG Ratio (5yr expected)
1.49
Price/Sales (ttm)
4.78
Price/Book (mrq)
2.57
Enterprise Value/Revenue
0.62
Enterprise Value/EBITDA
2.41
Financial Highlights
Profitability and Income Statement
Profit Margin
17.73%
Return on Assets (ttm)
4.39%
Return on Equity (ttm)
9.82%
Revenue (ttm)
27.75B
Net Income Avi to Common (ttm)
4.92B
Diluted EPS (ttm)
0.43
Balance Sheet and Cash Flow
Total Cash (mrq)
23.54B
Total Debt/Equity (mrq)
10.57%
Levered Free Cash Flow (ttm)
3.36B
Research Analysis: TME
Analyst Price Targets
Fair Value
Analyst Recommendations
- Strong Buy
- Buy
- Hold
- Underperform
- Sell
Earnings
Research Reports: TME
Analyst Report: Tencent Music Entertainment Group
TME is the largest online music service provider in China. It was founded in 2016 with the business combination of QQ Music (founded in 2005), Kuwo Music (founded in 2005) and Kugou Music (founded in 2004) streaming platforms. Tencent is the largest shareholder of TME with over 50% shares and over 90% voting rights held. TME also provides social entertainment services, including music live audio/video broadcasts and online concert services through the three platforms mentioned above, and online karaoke through an independent platform WeSing.
RatingNeutralPrice TargetAnalyst Report: Tencent Music Entertainment Group
TME is the largest online music service provider in China. It was founded in 2016 with the business combination of QQ Music (founded in 2005), Kuwo Music (founded in 2005) and Kugou Music (founded in 2004) streaming platforms. Tencent is the largest shareholder of TME with over 50% shares and over 90% voting rights held. TME also provides social entertainment services, including music live audio/video broadcasts and online concert services through the three platforms mentioned above, and online karaoke through an independent platform WeSing.
RatingBullishPrice TargetAnalyst Report: Tencent Music Entertainment Group
TME is the largest online music service provider in China. It was founded in 2016 with the business combination of QQ Music (founded in 2005), Kuwo Music (founded in 2005) and Kugou Music (founded in 2004) streaming platforms. Tencent is the largest shareholder of TME with over 50% shares and over 90% voting rights held. TME also provides social entertainment services, including music live audio/video broadcasts and online concert services through the three platforms mentioned above, and online karaoke through an independent platform WeSing.
RatingNeutralPrice TargetAnalyst Report: Tencent Music Entertainment Group
TME is the largest online music service provider in China. It was founded in 2016 with the business combination of QQ Music (founded in 2005), Kuwo Music (founded in 2005) and Kugou Music (founded in 2004) streaming platforms. Tencent is the largest shareholder of TME with over 50% shares and over 90% voting rights held. TME also provides social entertainment services, including music live audio/video broadcasts and online concert services through the three platforms mentioned above, and online karaoke through an independent platform WeSing.
RatingBullishPrice Target