SPOT vs. TME, SIRI, TSQ, IHRT, SGA, UONE, UONEK, CMLS, BBGI, and SALM
Should you be buying Spotify Technology stock or one of its competitors? The main competitors of Spotify Technology include Tencent Music Entertainment Group (TME), Sirius XM (SIRI), Townsquare Media (TSQ), iHeartMedia (IHRT), Saga Communications (SGA), Urban One (UONE), Urban One (UONEK), Cumulus Media (CMLS), Beasley Broadcast Group (BBGI), and Salem Media Group (SALM). These companies are all part of the "radio broadcasting stations" industry.
Spotify Technology (NYSE:SPOT) and Tencent Music Entertainment Group (NYSE:TME) are both large-cap business services companies, but which is the superior investment? We will contrast the two companies based on the strength of their profitability, media sentiment, community ranking, analyst recommendations, dividends, risk, valuation, earnings and institutional ownership.
In the previous week, Spotify Technology had 11 more articles in the media than Tencent Music Entertainment Group. MarketBeat recorded 16 mentions for Spotify Technology and 5 mentions for Tencent Music Entertainment Group. Tencent Music Entertainment Group's average media sentiment score of 1.69 beat Spotify Technology's score of 0.64 indicating that Tencent Music Entertainment Group is being referred to more favorably in the news media.
Tencent Music Entertainment Group has a net margin of 18.88% compared to Spotify Technology's net margin of -0.80%. Tencent Music Entertainment Group's return on equity of 9.85% beat Spotify Technology's return on equity.
Spotify Technology currently has a consensus target price of $306.42, indicating a potential upside of 3.25%. Tencent Music Entertainment Group has a consensus target price of $12.75, indicating a potential downside of 11.80%. Given Spotify Technology's higher possible upside, equities research analysts clearly believe Spotify Technology is more favorable than Tencent Music Entertainment Group.
Spotify Technology received 244 more outperform votes than Tencent Music Entertainment Group when rated by MarketBeat users. Likewise, 60.50% of users gave Spotify Technology an outperform vote while only 57.71% of users gave Tencent Music Entertainment Group an outperform vote.
Tencent Music Entertainment Group has lower revenue, but higher earnings than Spotify Technology. Spotify Technology is trading at a lower price-to-earnings ratio than Tencent Music Entertainment Group, indicating that it is currently the more affordable of the two stocks.
Spotify Technology has a beta of 1.61, indicating that its stock price is 61% more volatile than the S&P 500. Comparatively, Tencent Music Entertainment Group has a beta of 0.77, indicating that its stock price is 23% less volatile than the S&P 500.
84.1% of Spotify Technology shares are owned by institutional investors. Comparatively, 24.3% of Tencent Music Entertainment Group shares are owned by institutional investors. 0.4% of Spotify Technology shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company is poised for long-term growth.
Summary
Spotify Technology and Tencent Music Entertainment Group tied by winning 9 of the 18 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding SPOT and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
This chart shows the average media sentiment of NYSE and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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