SPOT vs. TME, SIRI, TSQ, IHRT, UONE, SGA, UONEK, CMLS, BBGI, and SALM
Should you be buying Spotify Technology stock or one of its competitors? The main competitors of Spotify Technology include Tencent Music Entertainment Group (TME), Sirius XM (SIRI), Townsquare Media (TSQ), iHeartMedia (IHRT), Urban One (UONE), Saga Communications (SGA), Urban One (UONEK), Cumulus Media (CMLS), Beasley Broadcast Group (BBGI), and Salem Media Group (SALM). These companies are all part of the "radio broadcasting stations" industry.
Spotify Technology (NYSE:SPOT) and Tencent Music Entertainment Group (NYSE:TME) are both large-cap business services companies, but which is the superior business? We will contrast the two businesses based on the strength of their analyst recommendations, institutional ownership, risk, earnings, community ranking, media sentiment, profitability, valuation and dividends.
Spotify Technology received 246 more outperform votes than Tencent Music Entertainment Group when rated by MarketBeat users. Likewise, 60.64% of users gave Spotify Technology an outperform vote while only 57.71% of users gave Tencent Music Entertainment Group an outperform vote.
84.1% of Spotify Technology shares are held by institutional investors. Comparatively, 24.3% of Tencent Music Entertainment Group shares are held by institutional investors. 0.4% of Spotify Technology shares are held by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company will outperform the market over the long term.
Tencent Music Entertainment Group has a net margin of 18.88% compared to Spotify Technology's net margin of -0.80%. Tencent Music Entertainment Group's return on equity of 9.85% beat Spotify Technology's return on equity.
Spotify Technology has a beta of 1.61, suggesting that its share price is 61% more volatile than the S&P 500. Comparatively, Tencent Music Entertainment Group has a beta of 0.72, suggesting that its share price is 28% less volatile than the S&P 500.
Spotify Technology presently has a consensus target price of $306.81, indicating a potential downside of 0.45%. Tencent Music Entertainment Group has a consensus target price of $12.75, indicating a potential downside of 9.38%. Given Spotify Technology's higher possible upside, research analysts plainly believe Spotify Technology is more favorable than Tencent Music Entertainment Group.
In the previous week, Spotify Technology had 22 more articles in the media than Tencent Music Entertainment Group. MarketBeat recorded 25 mentions for Spotify Technology and 3 mentions for Tencent Music Entertainment Group. Tencent Music Entertainment Group's average media sentiment score of 1.73 beat Spotify Technology's score of 0.75 indicating that Tencent Music Entertainment Group is being referred to more favorably in the news media.
Tencent Music Entertainment Group has lower revenue, but higher earnings than Spotify Technology. Spotify Technology is trading at a lower price-to-earnings ratio than Tencent Music Entertainment Group, indicating that it is currently the more affordable of the two stocks.
Summary
Spotify Technology and Tencent Music Entertainment Group tied by winning 9 of the 18 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding SPOT and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
This chart shows the average media sentiment of NYSE and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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