Positive News SentimentPositive NewsNYSE:TME Tencent Music Entertainment Group (TME) Stock Price, News & Analysis $10.18 -0.14 (-1.36%) (As of 09/6/2024 ET) Add Compare Share Share Today's Range$10.13▼$10.4950-Day Range$10.18▼$15.2852-Week Range$5.96▼$15.77Volume4.40 million shsAverage Volume10.79 million shsMarket Capitalization$17.47 billionP/E Ratio22.13Dividend Yield1.28%Price Target$12.72 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestTrends Get Tencent Music Entertainment Group alerts: Email Address Tencent Music Entertainment Group MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.77 Rating ScoreUpside/Downside24.9% Upside$12.72 Price TargetShort InterestHealthy4.24% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment1.53Based on 4 Articles This WeekInsider TradingN/AProj. Earnings Growth25.40%From $0.63 to $0.79 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.4.44 out of 5 starsComputer And Technology Sector116th out of 594 stocksRadio Broadcasting Stations Industry2nd out of 9 stocks 3.4 Analyst's Opinion Consensus RatingTencent Music Entertainment Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.77, and is based on 10 buy ratings, 3 hold ratings, and no sell ratings.Amount of Analyst CoverageTencent Music Entertainment Group has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about Tencent Music Entertainment Group's stock forecast and price target. Previous Next 3.0 Short Interest Percentage of Shares Shorted4.24% of the float of Tencent Music Entertainment Group has been sold short.Short Interest Ratio / Days to CoverTencent Music Entertainment Group has a short interest ratio ("days to cover") of 3.5, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Tencent Music Entertainment Group has recently increased by 35.84%, indicating that investor sentiment is decreasing significantly. Previous Next 2.5 Dividend Strength Dividend YieldTencent Music Entertainment Group pays a meaningful dividend of 1.27%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthTencent Music Entertainment Group does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Tencent Music Entertainment Group is 28.26%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Tencent Music Entertainment Group will have a dividend payout ratio of 16.46% 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. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for TME. Previous Next 3.1 News and Social Media Coverage News SentimentTencent Music Entertainment Group has a news sentiment score of 1.53. 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 0.49 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Tencent Music Entertainment Group this week, compared to 5 articles on an average week.Search InterestOnly 8 people have searched for TME on MarketBeat in the last 30 days. This is a decrease of -78% compared to the previous 30 days.MarketBeat Follows3 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. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Tencent Music Entertainment Group insiders have not sold or bought any company stock.Percentage Held by InstitutionsOnly 24.32% of the stock of Tencent Music Entertainment Group is held by institutions.Read more about Tencent Music Entertainment Group's insider trading history. Previous Next 4.4 Earnings and Valuation Earnings GrowthEarnings 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 MarketThe P/E ratio of Tencent Music Entertainment Group is 22.13, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.02.Price to Earnings Ratio vs. SectorThe P/E ratio of Tencent Music Entertainment Group is 22.13, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 281.04.Price to Earnings Growth RatioTencent Music Entertainment Group has a PEG Ratio of 0.78. PEG Ratios below 1 indicate that a company could be undervalued.Price to Book Value per Share RatioTencent Music Entertainment Group has a P/B Ratio of 2.02. 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. Previous Next See Top Rated MarketRank™ Stocks Here Ad Porter & CompanyTrump’s weapon lurks in abandoned AmericaUnemployment is sky-high, wages are at record lows. Addiction has overwhelmed these once thriving coal towns. Hopelessness abounds. And looking in, the future here looks bleak for these forgotten souls. But in a strange twist of fate, something miraculous is taking place…Go here now to watch my new documentary About Tencent Music Entertainment Group Stock (NYSE:TME)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.Read More TME Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart TME Stock News HeadlinesAugust 17, 2024 | marketbeat.comMarketBeat Week in Review – 8/12 - 8/16 (TME)The melt-up continued this week after benign inflation readings and a surprise jump in retail sales calmed recession fears and elevated hopes for a rate cutAugust 15, 2024 | marketbeat.comWhy You Shouldn't Count Out Tencent Music Stock After Earnings (TME)Tencent Music Entertainment Group disappointed in its latest earnings release, sending shares down. It should focus on growing average revenue per paying user.September 7, 2024 | Porter & Company (Ad)Trump’s weapon lurks in abandoned AmericaUnemployment is sky-high, wages are at record lows. Addiction has overwhelmed these once thriving coal towns. Hopelessness abounds. And looking in, the future here looks bleak for these forgotten souls. But in a strange twist of fate, something miraculous is taking place…September 7 at 3:13 PM | 247wallst.comTencent Music Entertainment GroupSeptember 7 at 2:15 AM | americanbankingnews.comTencent Music Entertainment Group (NYSE:TME) Receives $12.72 Consensus Price Target from AnalystsAugust 19, 2024 | markets.businessinsider.comAnalysts Are Bullish on These Communication Services Stocks: Cogent Comms (CCOI), Tencent Music Entertainment Group (TME)August 17, 2024 | msn.comTencent Music Entertainment Group (NYSE:TME) Q2 2024 Earnings Call TranscriptAugust 16, 2024 | markets.businessinsider.comBuy Rating on Tencent Music: Growth in Online Music and ARPPU Drives Positive OutlookSeptember 7, 2024 | Porter & Company (Ad)Trump’s weapon lurks in abandoned AmericaUnemployment is sky-high, wages are at record lows. Addiction has overwhelmed these once thriving coal towns. Hopelessness abounds. And looking in, the future here looks bleak for these forgotten souls. But in a strange twist of fate, something miraculous is taking place…August 16, 2024 | seekingalpha.comTencent Music Entertainment Group (TME) Q2 2024 Earnings Call TranscriptAugust 16, 2024 | msn.comStreaming cushions Tencent Music's second quarter revenue fallAugust 16, 2024 | finance.yahoo.comTencent Music Entertainment Group Second Quarter 2024 Earnings: EPS Beats ExpectationsAugust 15, 2024 | gurufocus.comQ2 2024 Tencent Music Entertainment Group Earnings Call TranscriptAugust 14, 2024 | markets.businessinsider.comTencent Music Q2 Profit Climbs, Revenues Down; Stock Dips In Pre-marketAugust 13, 2024 | msn.comTencent Music Entertainment shares slump on drop in karaoke platform usersAugust 13, 2024 | msn.comTencent Music Q2: Revenue Misses Estimates, Social Entertainment Takes a Hit, Adds 10M Subscribers in First HalfAugust 13, 2024 | finance.yahoo.comTencent Music Entertainment Group's (NYSE:TME) 115% return outpaced the company's earnings growth over the same one-year periodAugust 13, 2024 | msn.comTencent Music's social entertainment weakness drags results down, shares fallSee More Headlines 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. Email Address Company Calendar Ex-Dividend for 6/27 Dividend5/31/2024Dividend Payable6/27/2024Last Earnings8/13/2024Today9/07/2024Next Earnings (Estimated)11/12/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorComputer and Technology Industry Radio broadcasting stations Sub-IndustryCommunication Current SymbolNYSE:TME CUSIPN/A CIK1744676 Webwww.tencentmusic.com Phone8675586013388FaxN/AEmployees5,185Year Founded2016Price Target and Rating Average Stock Price Target$12.72 High Stock Price Target$16.00 Low Stock Price Target$10.00 Potential Upside/Downside+24.9%Consensus RatingModerate Buy Rating Score (0-4)2.77 Research Coverage13 Analysts Profitability EPS (Most Recent Fiscal Year)$0.46 Trailing P/E Ratio22.13 Forward P/E Ratio16.16 P/E Growth0.78Net Income$695.20 million Net Margins20.35% Pretax Margin26.74% Return on Equity10.11% Return on Assets7.70% Debt Debt-to-Equity Ratio0.09 Current Ratio2.34 Quick Ratio2.34 Sales & Book Value Annual Sales$3.91 billion Price / Sales4.47 Cash Flow$0.50 per share Price / Cash Flow20.22 Book Value$5.04 per share Price / Book2.02Miscellaneous Outstanding Shares1,716,080,000Free FloatN/AMarket Cap$17.47 billion OptionableOptionable Beta0.65 Social Links 10 Best Cheap Stocks to Buy NowMarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.Get This Free Report Key ExecutivesMr. Kar Shun Pang (Age 50)Executive Chairman Mr. Zhu Liang (Age 48)CEO & Director Ms. Min Hu (Age 52)CFO & Director Millicent T.Head of IRMr. Tsai Chun Pan (Age 50)Group VP & Head of Content Cooperation Business Ms. Linlin Chen (Age 43)Group Vice President & Head of Kugou Business Unit More ExecutivesKey CompetitorsSpotify TechnologyNYSE:SPOTOrangeNYSE:ORANChunghwa TelecomNYSE:CHTVodafone Group PublicNASDAQ:VODTelefónicaNYSE:TEFView All CompetitorsInstitutional OwnershipCoronation Fund Managers Ltd.Sold 78,508 shares on 9/4/2024Ownership: 0.179%Cetera Investment AdvisersBought 8,216 shares on 8/22/2024Ownership: 0.005%Creative PlanningBought 13,421 shares on 8/16/2024Ownership: 0.005%SIH Partners LLLPBought 20,100 shares on 8/16/2024Ownership: 0.001%Northwestern Mutual Wealth Management Co.Sold 4,237 shares on 8/16/2024Ownership: 0.001%View All Institutional Transactions TME Stock Analysis - Frequently Asked Questions How have TME shares performed this year? Tencent Music Entertainment Group's stock was trading at $9.01 on January 1st, 2024. Since then, TME shares have increased by 13.0% and is now trading at $10.18. View the best growth stocks for 2024 here. How were Tencent Music Entertainment Group's earnings last quarter? Tencent Music Entertainment Group (NYSE:TME) released its earnings results on Tuesday, August, 13th. The company reported $0.15 EPS for the quarter, missing analysts' consensus estimates of $0.16 by $0.01. The firm had revenue of $985 million for the quarter, compared to the consensus estimate of $1 billion. Tencent Music Entertainment Group had a trailing twelve-month return on equity of 10.11% and a net margin of 20.35%. When did Tencent Music Entertainment Group IPO? 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 $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. Who are Tencent Music Entertainment Group's major shareholders? Top institutional investors of Tencent Music Entertainment Group include Baillie Gifford & Co. (1.29%), Ninety One UK Ltd (0.51%), Renaissance Technologies LLC (0.45%) and Driehaus Capital Management LLC (0.42%). How do I buy shares of Tencent Music Entertainment Group? 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. Compare Top Brokerages Here. What other stocks do shareholders of Tencent Music Entertainment Group own? Based on aggregate information from My MarketBeat watchlists, some other companies that Tencent Music Entertainment Group investors own include Alibaba Group (BABA), NVIDIA (NVDA), Advanced Micro Devices (AMD), iQIYI (IQ), Roku (ROKU), Netflix (NFLX) and JD.com (JD). This page (NYSE:TME) was last updated on 9/7/2024 by MarketBeat.com Staff From Our PartnersPerfect Crypto Buying Opportunity for 50 CentsWhen cryptos take a hit, the mom and pop investors run for the hills. But the top investors keep buying wit...Crypto 101 Media | SponsoredThe solution to fast food’s wage hike crisisShake Shack will be closing six California locations in response to the recent $20/hour minimum wage increase,...Deal Maker | SponsoredPre-IPO| 32,481% Growth: First Disruption to $martphones in 15 Years🤳45M Users | 32,481% Growth Rate Get in on the biggest disruption to smartphones in over a decade. 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