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Tencent Music Entertainment Group (TME) Stock Price, News & Analysis

Tencent Music Entertainment Group logo
$12.94 -1.39 (-9.67%)
Closing price 03:59 PM Eastern
Extended Trading
$12.92 -0.02 (-0.12%)
As of 07:47 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.

About Tencent Music Entertainment Group Stock (NYSE:TME)

Key Stats

Today's Range
$12.75
$13.52
50-Day Range
$11.63
$15.10
52-Week Range
$9.41
$15.77
Volume
11.21 million shs
Average Volume
8.17 million shs
Market Capitalization
$22.20 billion
P/E Ratio
23.95
Dividend Yield
1.31%
Price Target
$15.00
Consensus Rating
Moderate Buy

Company 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. 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.

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Tencent Music Entertainment Group Stock Analysis - MarketRank™

See Top-Rated MarketRank™ Stocks
66th Percentile Overall Score

TME MarketRank™: 

Tencent Music Entertainment Group scored higher than 66% of companies evaluated by MarketBeat, and ranked 183rd out of 280 stocks in the consumer discretionary sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Tencent Music Entertainment Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.78, and is based on 7 buy ratings, 2 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Tencent Music Entertainment Group has only been the subject of 3 research reports in the past 90 days.

  • Read more about Tencent Music Entertainment Group's stock forecast and price target.
  • Earnings Growth

    Earnings for Tencent Music Entertainment Group are expected to grow by 25.40% in the coming year, from $0.63 to $0.79 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Tencent Music Entertainment Group is 23.95, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 21.03.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Tencent Music Entertainment Group is 23.95, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 15.23.

  • Price to Earnings Growth Ratio

    Tencent Music Entertainment Group has a PEG Ratio of 0.77. PEG Ratios below 1 indicate that a company could be undervalued.

  • Price to Book Value per Share Ratio

    Tencent Music Entertainment Group has a P/B Ratio of 2.75. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Tencent Music Entertainment Group's valuation and earnings.
  • Percentage of Shares Shorted

    4.24% of the float of Tencent Music Entertainment Group has been sold short.
  • Short Interest Ratio / Days to Cover

    Tencent Music Entertainment Group has a short interest ratio ("days to cover") of 3.7, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Tencent Music Entertainment Group has recently increased by 27.63%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    Tencent Music Entertainment Group has a dividend yield of 0.92%, which is in the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Tencent Music Entertainment Group does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Tencent Music Entertainment Group is 28.81%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Tencent Music Entertainment Group will have a dividend payout ratio of 21.52% next year. This indicates that Tencent Music Entertainment Group will be able to sustain or increase its dividend.

  • Read more about Tencent Music Entertainment Group's dividend.
  • Percentage of Shares Shorted

    4.24% of the float of Tencent Music Entertainment Group has been sold short.
  • Short Interest Ratio / Days to Cover

    Tencent Music Entertainment Group has a short interest ratio ("days to cover") of 3.7, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Tencent Music Entertainment Group has recently increased by 27.63%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Tencent Music Entertainment Group has a news sentiment score of 1.66. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.77 average news sentiment score of Consumer Discretionary companies.
  • News Coverage This Week

    MarketBeat has tracked 18 news articles for Tencent Music Entertainment Group this week, compared to 7 articles on an average week.
  • Search Interest

    6 people have searched for TME on MarketBeat in the last 30 days. This is an increase of 20% compared to the previous 30 days.
  • MarketBeat Follows

    3 people have added Tencent Music Entertainment Group to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days.
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TME Stock News Headlines

Hand holding dollar banknote with stock market graph and up arrow for inflation and interest rating increasing concept.
4 Stocks Raising Dividends by More Than 10% (TME)
Check out these four stocks that have announced solid increases to their dividend of over 10%. Big name Chinese stock is boosting its payout by over 30%.
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Trump’s Final Reset Inside the shocking plot to re-engineer America’s financial system…and why you need to move your money now.
Tencent Music upgraded to Buy from Hold at Deutsche Bank
See More Headlines

TME Stock Analysis - Frequently Asked Questions

Tencent Music Entertainment Group's stock was trading at $11.35 on January 1st, 2025. Since then, TME shares have increased by 14.0% and is now trading at $12.9350.
View the best growth stocks for 2025 here
.

Tencent Music Entertainment Group (NYSE:TME) announced its quarterly earnings data on Tuesday, November, 14th. The company reported $0.74 EPS for the quarter, topping analysts' consensus estimates of $0.11 by $0.63. The company's revenue was down 10.8% compared to the same quarter last year.

Tencent Music Entertainment Group (TME) raised $1.1 billion in an initial public offering (IPO) on Wednesday, December 12th 2018. The company issued 82,000,000 shares at $13.00-$15.00 per share. Morgan Stanley, Goldman Sachs (Asia), J.P. Morgan, Deutsche Bank Securities and BofA Merrill Lynch acted as the underwriters for the IPO and Credit Suisse, CICC, Allen & Company, BOCI, China Renaissance. HSBC, KeyBanc Capital Markets and Stifel were co-managers.

Top institutional shareholders of Tencent Music Entertainment Group include First Hawaiian Bank (0.01%).

Shares of TME stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

Based on aggregate information from My MarketBeat watchlists, some other companies that Tencent Music Entertainment Group investors own include Zomedica (ZOM), NVIDIA (NVDA), Meta Platforms (META), Alibaba Group (BABA), Advanced Micro Devices (AMD), NIO (NIO) and PayPal (PYPL).

Company Calendar

Last Earnings
11/14/2023
Record date for 4/24 Dividend
4/03/2025
Ex-Dividend for 4/24 Dividend
4/03/2025
Today
4/04/2025
Dividend Payable
4/24/2025
Next Earnings (Estimated)
5/12/2025
Fiscal Year End
12/31/2025

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
Radio broadcasting stations
Sub-Industry
Communication
Current Symbol
NYSE:TME
Fax
N/A
Employees
5,970
Year Founded
2016

Price Target and Rating

Average Stock Price Target
$15.00
High Stock Price Target
$17.00
Low Stock Price Target
$13.00
Potential Upside/Downside
+14.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.78
Research Coverage
9 Analysts

Profitability

Trailing P/E Ratio
24.40
Forward P/E Ratio
20.88
P/E Growth
0.77
Net Income
$695.20 million
Pretax Margin
26.74%

Debt

Sales & Book Value

Annual Sales
$28.40 billion
Cash Flow
$0.53 per share
Price / Cash Flow
24.80
Book Value
$4.71 per share
Price / Book
2.79

Miscellaneous

Outstanding Shares
1,716,077,000
Free Float
N/A
Market Cap
$22.58 billion
Optionable
Optionable
Beta
0.50

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This page (NYSE:TME) was last updated on 4/4/2025 by MarketBeat.com Staff
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