TENCENT MUSIC/TME

$11.59

2.02%
-
1D1W1MYTD1YMAX

About TENCENT MUSIC

Tencent Music Entertainment Group is a holding company mainly engaged in the provision and operation of online music entertainment platform. The Company is mainly engaged in the provision of online music services, social entertainment services and other services. The Company operates four major product brands, QQ Music, Kugou Music, Kuwo Music and WeSing, through which the Company provides online music and social entertainment services to address the music entertainment needs of audience in China. The Company also offers Lazy Audio, the dedicated long-form audio app as a complement to the flagship music-centric product portfolio. The Company is also engaged in the sales of music-related merchandise, the provision of services to smart device and car manufacturers and ticketing services for online music events. The Company mainly conducts its businesses in domestic and overseas markets.

Ticker

TME

Sector

Technology

Trading on

NYSE

Industry

Business Services

CEO

Cussion Kar Shun Pang

Employees

5,185

Headquarters

Shenzhen, China

TENCENT MUSIC Metrics

BasicAdvanced
$19.49B
Market cap
26.46
P/E ratio
$0.43
EPS
0.80
Beta
-
Dividend rate
$19.49B
0.79556
$12.00
$5.70
8.29M
2.492
2.491
10.612
10.818
7.32%
9.46%
8.96%
26.464
5.086
2.525
4.111
19.238
-2.07%
36.09%
-1.63%
7.89%

What the Analysts think about TENCENT MUSIC

Analyst Ratings

Majority rating from 30 analysts.
Buy

Price Targets

Average projection from 27 analysts.
4.83% upside
High $14.99
Low $7.49
$11.59
Current price
$12.15
Average price target

TENCENT MUSIC Financial Performance

Income StatementBalance sheetCash Flow

Income Statement

Revenues and expenses
18.94% profit margin
QuarterlyAnnual
Q4 23
QoQ growth
Revenue
¥6.89B
4.93%
Net income
¥1.31B
11.82%
Profit margin
18.94%
6.52%

TENCENT MUSIC Earnings Performance

Earnings per share (EPS)

Company profitability
Beat by 2.47%
QuarterlyAnnual
Q1 23
Q2 23
Q3 23
Q4 23
Q1 24
Actual
¥0.89
¥0.97
¥0.89
¥1.00
-
Expected
¥0.79
¥0.98
¥0.88
¥0.98
¥1.02
Surprise
12.21%
-1.32%
1.04%
2.47%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real time US market data is a consolidated feed of IEX, NYSE National, NYSE Chicago, Nasdaq BX and Nasdaq PSX order books provided by Polygon. Fundamental data, financials and analyst ratings are sourced from Refinitiv.
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FAQs

What’s the current market cap for TENCENT MUSIC stock?

TENCENT MUSIC (TME) has a market cap of $19.49B as of April 23, 2024.

What is the P/E ratio for TENCENT MUSIC stock?

The price to earnings (P/E) ratio for TENCENT MUSIC (TME) stock is 26.46 as of April 23, 2024.

Does TENCENT MUSIC stock pay dividends?

No, TENCENT MUSIC (TME) stock does not pay dividends to its shareholders as of April 23, 2024.

When is the next TENCENT MUSIC dividend payment date?

TENCENT MUSIC (TME) stock does not pay dividends to its shareholders.

What is the beta indicator for TENCENT MUSIC?

TENCENT MUSIC (TME) has a beta rating of 0.8. This means that it is less volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 0.5 would mean it moves half as much as the market.

What is the TENCENT MUSIC stock price target?

The target price for TENCENT MUSIC (TME) stock is $12.15, which is 3.32% above the current price of $11.76. This is an average based on projections from 27 analysts, and represents their view of what the stock price could be in 12 or 18 months. This should not be seen as investment advice - Lightyear does not carry out investment research.

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