NYSE:TME Tencent Music Entertainment Group (TME) Stock Price, News & Analysis $11.64 -0.49 (-4.04%) (As of 10/17/2024 ET) Add Compare Share Share Stock Analysis Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestTrends About Tencent Music Entertainment Group Stock (NYSE:TME) 30 days 90 days 365 days Advanced Chart View Price History Chart DataSkip Price History Chart Get TME alerts:Sign Up Key Stats Today's Range$11.55▼$11.9250-Day Range$9.46▼$13.7252-Week Range$6.55▼$15.77Volume4.82 million shsAverage Volume8.89 million shsMarket Capitalization$19.98 billionP/E Ratio23.28Dividend Yield1.12%Price Target$12.67Consensus RatingModerate Buy Company OverviewTencent 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… Election warning coming true… (Ad)If you missed it, my emergency election broadcast is now available - watch it before it's too late.Click here to watch it now. Tencent Music Entertainment Group Stock Analysis - MarketRank™See Top Rated MarketRank™ Stocks79th Percentile Overall ScoreTME MarketRank™: Tencent Music Entertainment Group scored higher than 79% of companies evaluated by MarketBeat, and ranked 207th out of 658 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Analyst's Opinion2.3 / 5Analyst RatingModerate Buy Consensus RatingTencent Music Entertainment Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.69, and is based on 9 buy ratings, 4 hold ratings, and no sell ratings.Amount of Analyst CoverageTencent Music Entertainment Group has been the subject of 6 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. Earnings and Valuation3.8 / 5Proj. Earnings Growth27.42% Earnings GrowthEarnings for Tencent Music Entertainment Group are expected to grow by 27.42% in the coming year, from $0.62 to $0.79 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Tencent Music Entertainment Group is 23.28, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.32.Price to Earnings Ratio vs. SectorThe P/E ratio of Tencent Music Entertainment Group is 23.28, 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 261.34.Price to Earnings Growth RatioTencent Music Entertainment Group has a PEG Ratio of 0.95. PEG Ratios around 1 indicate that a company is correctly valued.Price to Book Value per Share RatioTencent Music Entertainment Group has a P/B Ratio of 2.47. 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. Short Interest3.0 / 5Short Interest LevelHealthy Percentage of Shares Shorted3.63% 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 2.4, 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 3.18%, indicating that investor sentiment is decreasing. Dividend2.5 / 5Dividend StrengthModerate Dividend YieldTencent Music Entertainment Group pays a meaningful dividend of 1.08%, 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. Sustainability and ESGN/AEnvironmental ScoreN/A Percentage of Shares Shorted3.63% 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 2.4, 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 3.18%, indicating that investor sentiment is decreasing. News and Social Media3.4 / 5News Sentiment1.19 News SentimentTencent Music Entertainment Group has a news sentiment score of 1.19. 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 0.59 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 5 news articles for Tencent Music Entertainment Group this week, compared to 6 articles on an average week.Search Interest12 people have searched for TME on MarketBeat in the last 30 days. This is an increase of 300% compared to the previous 30 days.MarketBeat Follows7 people have added Tencent Music Entertainment Group to their MarketBeat watchlist in the last 30 days. This is an increase of 600% compared to the previous 30 days. Company Ownership0.0 / 5Insider TradingN/A 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. 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Email Address TME Stock News Headlines3 Key Stocks to Ride China's Stimulus-Driven Growth (TME)China announced several measures in late September to stimulate its sluggish economy, and investors have many options to capitalize on the rally that followed.October 6, 2024 | marketbeat.comWhat's Going On With Tencent Music Entertainment Shares On Thursday?October 17 at 5:54 PM | benzinga.comMusk’s new company could top a trillion?The investment legend who predicted the rise of Bitcoin, Facebook and streaming services like Netflix… Just released the details on what he’s calling Elon’s Project X-9840.October 17, 2024 | Paradigm Press (Ad)Tencent Music Entertainment Group Inks Strategic Partnership with Galaxy CorporationOctober 17 at 3:00 AM | prnewswire.comMany Things To Like About Tencent Music EntertainmentOctober 11, 2024 | seekingalpha.comTencent Music Entertainment Group (NYSE:TME) Shares Down 7.5% - What's Next?October 10, 2024 | americanbankingnews.comIs Tencent Music Entertainment (TME) a Smart Investment with 25 Hedge Funds on Its Side?October 9, 2024 | msn.comIs Tencent Music Entertainment Group (NYSE:TME) Trading At A 42% Discount?October 7, 2024 | finance.yahoo.comSee More Headlines TME Stock Analysis - Frequently Asked Questions How have TME shares performed this year? Tencent Music Entertainment Group's stock was trading at $9.01 at the beginning of the year. Since then, TME shares have increased by 29.2% and is now trading at $11.64. View the best growth stocks for 2024 here. How were Tencent Music Entertainment Group's earnings last quarter? Tencent Music Entertainment Group (NYSE:TME) issued its quarterly earnings data on Tuesday, August, 13th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.16 by $0.01. The company earned $985 million during the quarter, compared to analysts' expectations of $1 billion. Tencent Music Entertainment Group had a net margin of 20.35% and a trailing twelve-month return on equity of 10.11%. When did Tencent Music Entertainment Group IPO? Tencent Music Entertainment Group (TME) raised $1.1 billion in an 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. Who are Tencent Music Entertainment Group's major shareholders? Tencent Music Entertainment Group's top institutional shareholders include Perpetual Ltd (0.09%), Krane Funds Advisors LLC (0.01%), Handelsbanken Fonder AB (0.01%) and SG Americas Securities LLC (0.01%). 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 Zomedica (ZOM), NVIDIA (NVDA), Meta Platforms (META), Alibaba Group (BABA), Advanced Micro Devices (AMD), NIO (NIO) and PayPal (PYPL). Company Calendar Last Earnings8/13/2024Today10/17/2024Next Earnings (Confirmed)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$12.67 High Stock Price Target$16.00 Low Stock Price Target$10.00 Potential Upside/Downside+8.9%Consensus RatingModerate Buy Rating Score (0-4)2.69 Research Coverage13 Analysts Profitability EPS (Most Recent Fiscal Year)$0.50 Trailing P/E Ratio23.28 Forward P/E Ratio18.77 P/E Growth0.95Net 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 / Sales5.11 Cash Flow$0.47 per share Price / Cash Flow24.55 Book Value$4.71 per share Price / Book2.47Miscellaneous Outstanding Shares1,716,080,000Free FloatN/AMarket Cap$19.98 billion OptionableOptionable Beta0.66 Social Links 2025 Gold Forecast: A Perfect Storm for DemandUnlock the timeless value of gold with our exclusive 2025 Gold Forecasting Report. 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