Positive News SentimentPositive NewsNYSE:TME Tencent Music Entertainment Group (TME) Stock Price, News & Analysis $9.85 -0.08 (-0.81%) (As of 09/20/2024 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 Key Stats Today's Range$9.80▼$10.0650-Day Range$9.46▼$15.2852-Week Range$5.96▼$15.77Volume11.61 million shsAverage Volume8.45 million shsMarket Capitalization$16.90 billionP/E Ratio21.41Dividend Yield1.32%Price Target$12.72Consensus 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… Are You Ready for a Small-Cap Rally? (Ad)Jeff Bezos has just made a bold move into Quantum Computing as a Service (QaaS), a technology set to disrupt industries worth over $46 trillion. What's even more intriguing?Click here to uncover how you can get in on the ground floor. Tencent Music Entertainment Group Stock Analysis - MarketRank™See Top Rated MarketRank™ StocksOverall MarketRank™: 99th PercentileTencent Music Entertainment Group scored higher than 99% of companies evaluated by MarketBeat, and ranked 23rd out of 666 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 Opinion4.4 / 5Analyst RatingModerate Buy 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. Earnings and Valuation4.4 / 5Proj. Earnings Growth25.40% 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 21.44, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.66.Price to Earnings Ratio vs. SectorThe P/E ratio of Tencent Music Entertainment Group is 21.44, 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 275.45.Price to Earnings Growth RatioTencent Music Entertainment Group has a PEG Ratio of 0.70. 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 2.09. 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 Interest5.0 / 5Short Interest LevelHealthy Percentage of Shares Shorted3.87% 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 3.1, 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 decreased by 8.83%, indicating that investor sentiment is improving significantly. Dividend2.5 / 5Dividend StrengthModerate Dividend YieldTencent Music Entertainment Group pays a meaningful dividend of 1.40%, 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 Shorted3.87% 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 3.1, 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 decreased by 8.83%, indicating that investor sentiment is improving significantly. News and Social Media2.6 / 5News Sentiment1.66 News SentimentTencent 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 0.49 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 3 news articles for Tencent Music Entertainment Group this week, compared to 5 articles on an average week.Search InterestOnly 3 people have searched for TME on MarketBeat in the last 30 days. This is a decrease of -84% compared to the previous 30 days.MarketBeat FollowsOnly 2 people have added Tencent Music Entertainment Group to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% 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. TME Stock News HeadlinesTencent Music Entertainment Group Launches Global Music Outreach InitiativeSeptember 12, 2024 | prnewswire.comTencent Music Entertainment GroupSeptember 7, 2024 | 247wallst.comForget Trump and KamalaForget Trump and Kamala. I don't care who you vote for - This calendar is the only thing that matters right now.September 20, 2024 | Investors Alley (Ad)Analysts Are Bullish on These Communication Services Stocks: Cogent Comms (CCOI), Tencent Music Entertainment Group (TME)August 19, 2024 | markets.businessinsider.comTencent Music Entertainment Group (NYSE:TME) Q2 2024 Earnings Call TranscriptAugust 17, 2024 | msn.comBuy Rating on Tencent Music: Growth in Online Music and ARPPU Drives Positive OutlookAugust 16, 2024 | markets.businessinsider.comTencent Music Entertainment Group (TME) Q2 2024 Earnings Call TranscriptAugust 16, 2024 | seekingalpha.comStreaming cushions Tencent Music's second quarter revenue fallAugust 16, 2024 | msn.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 start of the year. Since then, TME shares have increased by 9.4% and is now trading at $9.86. 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 quarterly earnings results 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 firm earned $985 million during the quarter, compared to analysts' expectations 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 IPO 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. Who are Tencent Music Entertainment Group's major shareholders? Top institutional shareholders 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). Company Calendar Ex-Dividend for 6/27 Dividend5/31/2024Dividend Payable6/27/2024Last Earnings8/13/2024Today9/20/2024Next 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+28.3%Consensus RatingModerate Buy Rating Score (0-4)2.77 Research Coverage13 Analysts Profitability EPS (Most Recent Fiscal Year)$0.46 Trailing P/E Ratio21.54 Forward P/E Ratio15.73 P/E Growth0.7Net 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 / Sales4.35 Cash Flow$0.54 per share Price / Cash Flow18.32 Book Value$4.71 per share Price / Book2.10Miscellaneous Outstanding Shares1,716,080,000Free FloatN/AMarket Cap$17.01 billion OptionableOptionable Beta0.65 Social Links This page (NYSE:TME) was last updated on 9/20/2024 by MarketBeat.com Staff From Our PartnersHow the US Will Win the Great Lithium RaceChina spent $60B+ on lithium infrastructure in the past decade. 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