Free Trial
NYSE:TME

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

Tencent Music Entertainment Group logo
$13.21 -0.09 (-0.71%)
As of 10:51 AM Eastern
This is a fair market value price provided by Polygon.io. Learn more.

About Tencent Music Entertainment Group Stock (NYSE:TME)

Key Stats

Today's Range
$13.24
$13.53
50-Day Range
$11.96
$15.10
52-Week Range
$9.41
$15.77
Volume
805,027 shs
Average Volume
8.31 million shs
Market Capitalization
$22.66 billion
P/E Ratio
24.52
Dividend Yield
1.29%
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.

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 138th out of 276 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 2.90, 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 4 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 24.63, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 21.78.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Tencent Music Entertainment Group is 24.63, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 16.18.

  • 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 2.82. 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

    4.25% 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 3.4, 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 0.24%, indicating that investor sentiment is decreasing.
  • Dividend Yield

    Tencent Music Entertainment Group pays a meaningful dividend of 1.40%, higher than 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

    4.25% 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 3.4, 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 0.24%, indicating that investor sentiment is decreasing.
  • News Sentiment

    Tencent Music Entertainment Group has a news sentiment score of 1.38. 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 0.81 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.
Receive TME Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Tencent Music Entertainment Group and its competitors with MarketBeat's FREE daily newsletter.

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%.
Trump Treasure April 19
Thanks to President Trump… A $900 investment across5 specific cryptos… Could gain 12,000% so quickly that, just 12 months later…
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 stock has increased by 17.2% and is now trading at $13.30.
View the best growth stocks for 2025 here
.

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

Tencent Music Entertainment Group (TME) raised $1.1 billion in an initial public offering on Wednesday, December 12th 2018. The company issued 82,000,000 shares at a price of $13.00-$15.00 per share. Morgan Stanley, Goldman Sachs (Asia), J.P. Morgan, Deutsche Bank Securities and BofA Merrill Lynch served 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 Allspring Global Investments Holdings LLC (0.36%), Mirae Asset Global Investments Co. Ltd. (0.26%), Marathon Asset Management Ltd (0.19%) and Sumitomo Mitsui Trust Group Inc. (0.10%).

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
Dividend Payable
4/24/2025
Today
4/25/2025
Next Earnings (Estimated)
5/13/2025
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
+12.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.90
Research Coverage
10 Analysts

Profitability

Trailing P/E Ratio
24.63
Forward P/E Ratio
21.11
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
$0.54 per share
Price / Cash Flow
24.80
Book Value
$4.71 per share
Price / Book
2.82

Miscellaneous

Outstanding Shares
1,716,077,000
Free Float
N/A
Market Cap
$22.82 billion
Optionable
Optionable
Beta
0.50

Social Links

Beginner's Guide To Retirement Stocks Cover

Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.

Get This Free Report

This page (NYSE:TME) was last updated on 4/25/2025 by MarketBeat.com Staff
From Our Partners