Market closedADR
TENCENT MUSIC/$TME
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16:10
17:45
19:25
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About TENCENT MUSIC
Tencent Music is the largest online music service provider in China. It was founded in 2016 with the business combination of QQ Music (founded in 2005), Kuwo Music (founded in 2005) and Kugou Music (founded in 2004) streaming platforms. Tencent is the largest shareholder of TME with over 50% shares and over 90% voting rights held. TME also provides social entertainment services, including music live audio/video broadcasts and online concert services through the three platforms mentioned above, and online karaoke through an independent platform WeSing.
Ticker
$TME
Sector
Communication Services
Trading on
NYSE
Industry
Entertainment
Headquarters
Employees
5,185
Website
TENCENT MUSIC Metrics
BasicAdvanced
$19B
Market cap
22.40
P/E ratio
$0.53
EPS
0.66
Beta
$0.13
Dividend rate
1.13%
Dividend yield
Price and volume
Market cap
$19B
Beta
0.66
52-week high
$15.77
52-week low
$8.15
Average daily volume
7.3M
Dividend rate
$0.13
Financial strength
Current ratio
2.261
Quick ratio
2.063
Long term debt to equity
5.697
Total debt to equity
5.864
Interest coverage (TTM)
41.26%
Management effectiveness
Return on assets (TTM)
5.43%
Return on equity (TTM)
10.70%
Valuation
Price to earnings (TTM)
22.403
Price to revenue (TTM)
4.751
Price to book
0.29
Price to tangible book (TTM)
0.46
Price to free cash flow (TTM)
15.363
Dividend yield (TTM)
1.13%
Forward dividend yield
1.13%
Growth
Revenue change (TTM)
-1.58%
Earnings per share change (TTM)
27.13%
3-year revenue growth (CAGR)
-4.51%
3-year earnings per share growth (CAGR)
20.20%
What the Analysts think about TENCENT MUSIC
Analyst Ratings
Analyst ratings (Buy, Hold, Sell) for TENCENT MUSIC stock.
TENCENT MUSIC Financial Performance
Income Statement
Revenues and expenses
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
$37B
-39.75%
Net income
$45B
107.52%
Profit margin
37.65%
6.78%
TENCENT MUSIC Earnings Performance
Earnings per share (EPS)
Company profitability
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
$3.69
$2.85
$2.45
$2.42
-
Expected
$3.55
$2.61
$2.05
$2.31
$3.94
Surprise
3.94%
9.20%
19.51%
4.63%
-
TENCENT MUSIC News
AllArticlesVideos
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.
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FAQs
What’s the current market cap for TENCENT MUSIC stock?
TENCENT MUSIC (TME) has a market cap of $19B as of December 13, 2024.
What is the P/E ratio for TENCENT MUSIC stock?
The price to earnings (P/E) ratio for TENCENT MUSIC (TME) stock is 22.4 as of December 13, 2024.
Does TENCENT MUSIC stock pay dividends?
Yes, the TENCENT MUSIC (TME) stock pays dividends to shareholders. As of December 13, 2024, the dividend rate is $0.1329 and the yield is 1.13%. TENCENT MUSIC has a payout ratio of 0% on a trailing twelve-month basis.
When is the next TENCENT MUSIC dividend payment date?
The next TENCENT MUSIC (TME) dividend payment date is unconfirmed.
What is the beta indicator for TENCENT MUSIC?
TENCENT MUSIC (TME) has a beta rating of 0.66. 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.