Tencent Music Entertainment Group (TME) Stock Price, News & Analysis

Company Overview

Tencent Music Entertainment Group is a China-based online music and audio entertainment company. It operates digital music platforms including QQ Music, Kugou Music and Kuwo Music, which provide users with licensed songs, albums, music videos, playlists, podcasts and other audio content. The company also operates WeSing, a social karaoke service that allows users to sing, record and share performances.

The company generates revenue through music subscriptions, digital advertising, content sales, and social entertainment services such as virtual gifts, live streaming and karaoke-related offerings. Its services connect listeners, artists, music labels and other content creators, while its platforms support music discovery, fan engagement and the distribution of licensed and original content.

Tencent Music was formed in 2016 through the combination of Tencent’s online music businesses and was listed on the New York Stock Exchange in 2018. Its services are primarily focused on users in China, although the company has participated in international music licensing and content initiatives. Liang Zhu serves as chief executive officer, while Cussion Pang serves as executive chairman.

Key Stats

• Today's Range: $8.04 to $8.18
• 50-Day Range: $7.88 to $9.89
• 52-Week Range: $7.77 to $26.70
• Volume: 4.90 million shs
• Average Volume: 9.39 million shs
• Market Capitalization: $12.76 billion
• P/E Ratio: 10.01
• Dividend Yield: 2.84%
• Price Target: $17.21
• Consensus Rating: Hold

Tencent Music Entertainment Group Stock Analysis - MarketRank™

Tencent Music Entertainment Group scored higher than 82% of companies evaluated by MarketBeat, and ranked 44th out of 246 stocks in the communication services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.1 / 5
• Analyst Rating: Hold

Consensus Rating

Tencent Music Entertainment Group has received a consensus rating of Hold. The company's average rating score is 2.23, and is based on no strong buy ratings, 3 buy ratings, 10 hold ratings, and no sell ratings.

Upside Potential

Tencent Music Entertainment Group has a consensus price target of $17.21, representing about 112.3% upside from its current price of $8.11.

Amount of Analyst Coverage

Tencent Music Entertainment Group has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 5.75%

Earnings Growth

Earnings for Tencent Music Entertainment Group are expected to grow by 5.75% in the coming year, from $0.87 to $0.92 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Tencent Music Entertainment Group is 10.01, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 39.00.

Price to Earnings Ratio vs. Sector

The P/E ratio of Tencent Music Entertainment Group is 10.01, which means that it is trading at a less expensive P/E ratio than the Communication Services sector average P/E ratio of about 24.11.

Price to Earnings Growth Ratio

Tencent Music Entertainment Group has a PEG Ratio of 1.40. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Tencent Music Entertainment Group has a P/B Ratio of 1.10. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.07% of the float of Tencent Music Entertainment Group has been sold short.

Short Interest Ratio / Days to Cover

Tencent Music Entertainment Group has a short interest ratio ("days to cover") of 2.61, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Tencent Music Entertainment Group has recently increased by 2.05%, indicating that investor sentiment is decreasing.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Tencent Music Entertainment Group pays a meaningful dividend of 2.92%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Tencent Music Entertainment Group does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Tencent Music Entertainment Group is 28.40%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Tencent Music Entertainment Group will have a dividend payout ratio of 25.00% next year. This indicates that Tencent Music Entertainment Group will be able to sustain or increase its dividend.

News and Social Media

• Score: 1.6 / 5
• News Sentiment: 0.48

News Sentiment

Tencent Music Entertainment Group has a news sentiment score of 0.48. 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 lower news sentiment than the 0.71 average news sentiment score of Communication Services companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Tencent Music Entertainment Group this week, compared to 3 articles on an average week.

Search Interest

Only 1 people have searched for TME on MarketBeat in the last 30 days. This is a decrease of -92% compared to the previous 30 days.

MarketBeat Follows

Only 2 people have added Tencent Music Entertainment Group to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 0.3 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Tencent Music Entertainment Group insiders have not sold or bought any company stock.

Percentage Held by Institutions

24.32% of the stock of Tencent Music Entertainment Group is held by institutions.

Company Calendar

• Last Earnings: 6/30/2026
• Today: 9/15/2026
• Next Earnings (Estimated): 11/11/2026
• Fiscal Year End: 12/31/2026

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Communication Services
• Industry: Entertainment
• Sub-Industry: Movies & Entertainment
• Current Symbol: NYSE:TME
• CIK: 1744676
• Web: www.tencentmusic.com
• Phone: 8675586013388
• Fax: N/A
• Employees: 5,690
• Year Founded: 2012

Price Target and Rating

• Average Price Target for Tencent Music Entertainment Group: $17.21
• High Price Target: $25.00
• Low Price Target: $9.30
• Potential Upside/Downside: +112.3%
• Consensus Rating: Hold
• Rating Score (0-4): 2.23
• Research Coverage: 13 Analysts

Profitability

• EPS (Trailing Twelve Months): $0.81
• Trailing P/E Ratio: 10.01
• Forward P/E Ratio: 9.32
• P/E Growth: 1.4
• Net Income: $1.54 billion
• Net Margins: 26.27%
• Pretax Margin: 32.59%
• Return on Equity: 11.53%
• Return on Assets: 8.87%

Debt

• Debt-to-Equity Ratio: 0.13
• Current Ratio: 1.74
• Quick Ratio: 1.74

Sales & Book Value

• Annual Sales: $33.93 billion
• Price / Sales: 0.38
• Cash Flow: $0.96 per share
• Price / Cash Flow: 8.43
• Book Value: $7.34 per share
• Price / Book: 1.10

Miscellaneous

• Outstanding Shares: 1,573,905,000
• Free Float: N/A
• Market Cap: $12.76 billion
• Optionable: Optionable
• Beta: 0.85