Top-Rated StocksTop-RatedNYSE:TME Tencent Music Entertainment Group (TME) Stock Price, News & Analysis $14.09 -0.34 (-2.36%) (As of 07/26/2024 ET) Add Compare Share Share Today's Range$13.82▼$14.4550-Day Range$13.96▼$15.2852-Week Range$5.70▼$15.77Volume5.10 million shsAverage Volume8.17 million shsMarket Capitalization$24.18 billionP/E Ratio30.63Dividend Yield0.92%Price Target$12.75 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestTrends Get Tencent Music Entertainment Group alerts: Email Address Tencent Music Entertainment Group MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.91 Rating ScoreUpside/Downside9.5% Downside$12.75 Price TargetShort InterestHealthy2.77% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment1.15Based on 5 Articles This WeekInsider TradingN/AProj. Earnings Growth29.03%From $0.62 to $0.80 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.2.84 out of 5 starsComputer And Technology Sector340th out of 612 stocksRadio Broadcasting Stations Industry5th out of 9 stocks 1.5 Analyst's Opinion Consensus RatingTencent Music Entertainment Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.91, and is based on 10 buy ratings, 1 hold rating, and no sell ratings.Amount of Analyst CoverageTencent Music Entertainment Group has only been the subject of 2 research reports in the past 90 days.Read more about Tencent Music Entertainment Group's stock forecast and price target. Previous Next 5.0 Short Interest Percentage of Shares Shorted2.77% 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 2.5, 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 8.51%, indicating that investor sentiment is improving significantly. Previous Next 1.7 Dividend Strength Dividend YieldTencent Music Entertainment Group has a dividend yield of 0.90%, which is in 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 16.25% 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. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for TME. Previous Next 2.9 News and Social Media Coverage News SentimentTencent Music Entertainment Group has a news sentiment score of 1.15. 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 0.53 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 5 news articles for Tencent Music Entertainment Group this week, compared to 5 articles on an average week.Search Interest39 people have searched for TME on MarketBeat in the last 30 days. This is an increase of 3,800% 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 -67% compared to the previous 30 days. Previous Next 0.0 Company Ownership 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. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Tencent Music Entertainment Group are expected to grow by 29.03% in the coming year, from $0.62 to $0.80 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Tencent Music Entertainment Group is 30.63, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 140.95.Price to Earnings Ratio vs. SectorThe P/E ratio of Tencent Music Entertainment Group is 30.63, 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 253.64.Price to Earnings Growth RatioTencent Music Entertainment Group has a PEG Ratio of 1.10. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioTencent Music Entertainment Group has a P/B Ratio of 2.99. 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. Previous Next See Top Rated MarketRank™ Stocks Here Ad MarketBeatWe just added a $300 account credit to your MarketBeat subscriptionMarketBeat All Access is our complete suite of portfolio monitoring software, research tools, stock screeners, proprietary reports, and more. Upgrade today and get $300 off your 2024-2025 subscription. Free for 30 days.Start Your Risk-Free Trial Here About Tencent Music Entertainment Group Stock (NYSE:TME)Tencent 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 TME Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart TME Stock News HeadlinesJuly 23 at 7:58 PM | finance.yahoo.comIs Tencent Music Entertainment Group's (NYSE:TME) Recent Stock Performance Influenced By Its Fundamentals In Any Way?July 19, 2024 | msn.comWhere to watch the 2024 Tencent Music Entertainment Awards online? Performance, lineup, & all you need to knowJuly 26, 2024 | American Hartford Gold Group (Ad)Dave Ramsey Makes Big Mistake Live On AirDave Ramsey Is Dangerously Wrong And Here’s Why>> Asked whether we’re on the cusp of a US Dollar crash, Dave Ramsey made a stunning miscalculation while live on air: “Am I worried about this? Absolutely not.” Frankly, I've never seen someone so confident in being wrong… Because what’s happening to the US Dollar is not something you should “keep an eye on”… But instead, is an imminent threat you should get ahead of right NOW.July 19, 2024 | americanbankingnews.comAnalysts Set Tencent Music Entertainment Group (NYSE:TME) PT at $12.75May 21, 2024 | finance.yahoo.comTencent Music Entertainment Group to Hold Annual General Meeting on June 28, 2024May 14, 2024 | msn.comTencent Music Entertainment Q1 Subs Hit Record High, 2 Analysts Raise ForecastsMay 14, 2024 | msn.comTencent Music Entertainment Group (NYSE:TME) Q1 2024 Earnings Call TranscriptMay 14, 2024 | finance.yahoo.comTencent Music Entertainment Group First Quarter 2024 Earnings: Beats ExpectationsJuly 26, 2024 | American Hartford Gold Group (Ad)Dave Ramsey Makes Big Mistake Live On AirDave Ramsey Is Dangerously Wrong And Here’s Why>> Asked whether we’re on the cusp of a US Dollar crash, Dave Ramsey made a stunning miscalculation while live on air: “Am I worried about this? Absolutely not.” Frankly, I've never seen someone so confident in being wrong… Because what’s happening to the US Dollar is not something you should “keep an eye on”… But instead, is an imminent threat you should get ahead of right NOW.May 14, 2024 | finance.yahoo.comHeard on the Street: Tencent Pulls Ahead of Alibaba as Fortunes Diverge on the Chinese InternetMay 14, 2024 | finance.yahoo.comQ1 2024 Tencent Music Entertainment Group Earnings Call (Chinese)May 14, 2024 | marketwatch.comTencent Music Shares Rise After Earnings BeatMay 14, 2024 | gurufocus.comQ1 2024 Tencent Music Entertainment Group Earnings Call (Chinese) TranscriptMay 13, 2024 | msn.comTencent Music Quarterly Profits Jump 28% on Growing Subscriber BaseMay 13, 2024 | finance.yahoo.comTencent Music Entertainment Likely Poised to Triple Music Revenue in 2030, Morgan Stanley SaysMay 13, 2024 | nasdaq.comTencent Music’s Q1 Shows Growth and Persistent ChallengesMay 13, 2024 | seekingalpha.comTencent Music Entertainment Is A Buy Following Earnings Beat (Rating Upgrade)May 13, 2024 | msn.comTencent Music beats Q1 revenue estimates on steady rise in paid subscriptionsSee More Headlines Receive TME Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Tencent Music Entertainment Group and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings5/13/2024Ex-Dividend for 6/27 Dividend5/31/2024Dividend Payable6/27/2024Today7/26/2024Next Earnings (Confirmed)8/13/2024Fiscal 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$12.75 High Stock Price Target$19.00 Low Stock Price Target$10.00 Potential Upside/Downside-9.5%Consensus RatingModerate Buy Rating Score (0-4)2.91 Research Coverage11 Analysts Profitability EPS (Most Recent Fiscal Year)$0.46 Trailing P/E Ratio30.63 Forward P/E Ratio22.73 P/E Growth1.1Net Income$695.20 million Net Margins18.88% Pretax Margin24.13% Return on Equity9.85% Return on Assets7.48% Debt Debt-to-Equity Ratio0.09 Current Ratio2.67 Quick Ratio2.67 Sales & Book Value Annual Sales$3.91 billion Price / Sales6.19 Cash Flow$0.50 per share Price / Cash Flow28.45 Book Value$4.71 per share Price / Book2.99Miscellaneous Outstanding Shares1,716,080,000Free FloatN/AMarket Cap$24.18 billion OptionableOptionable Beta0.68 Social Links 7 Stocks to Buy And Hold ForeverClick the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising. Get This Free Report Key ExecutivesMr. Kar Shun Pang (Age 50)Executive Chairman Mr. Zhu Liang (Age 48)CEO & Director Ms. Min Hu (Age 52)CFO & Director Millicent T.Head of IRMr. Tsai Chun Pan (Age 50)Group VP & Head of Content Cooperation Business Ms. Linlin Chen (Age 43)Group Vice President & Head of Kugou Business Unit More ExecutivesKey CompetitorsSpotify TechnologyNYSE:SPOTSirius XMNASDAQ:SIRIiHeartMediaNASDAQ:IHRTTownsquare MediaNYSE:TSQUrban OneNASDAQ:UONEView All CompetitorsInstitutional OwnershipAllspring Global Investments Holdings LLCSold 2,553,464 shares on 7/26/2024Ownership: 0.304%Bank of New York Mellon CorpBought 46,495 shares on 7/26/2024Ownership: 0.154%GAM Holding AGSold 167,000 shares on 7/26/2024Ownership: 0.005%Atomi Financial Group Inc.Bought 1,561 shares on 7/26/2024Ownership: 0.002%WT Asset Management LtdSold 140,000 shares on 7/25/2024Ownership: 0.074%View All Institutional Transactions 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 56.4% and is now trading at $14.09. View the best growth stocks for 2024 here. How were Tencent Music Entertainment Group's earnings last quarter? Tencent Music Entertainment Group (NYSE:TME) posted its quarterly earnings data on Monday, May, 13th. The company reported $0.14 EPS for the quarter, beating analysts' consensus estimates of $0.13 by $0.01. The company earned $937 million during the quarter, compared to analyst estimates of $904.29 million. Tencent Music Entertainment Group had a net margin of 18.88% and a trailing twelve-month return on equity of 9.85%. When did Tencent Music Entertainment Group IPO? Tencent Music Entertainment Group (TME) raised $1.1 billion in an initial public offering (IPO) on Wednesday, December 12th 2018. The company issued 82,000,000 shares at $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 investors of Tencent Music Entertainment Group include Baillie Gifford & Co. (1.29%), Ninety One UK Ltd (0.51%), Allspring Global Investments Holdings LLC (0.30%) and Coronation Fund Managers Ltd. (0.22%). 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). This page (NYSE:TME) was last updated on 7/26/2024 by MarketBeat.com Staff From Our Partners625,000% GainImagine swapping your daily coffee expense for a future free of financial worries. It might seem far-fetche...Crypto Swap Profits | Sponsored“Generational Bull Run” IncomingLIVE Cash Flow Workshop Event / Hosted Virtually Weds @ 7PM EST Everyone who attends will also receive 3 sp...Unstoppable Prosperity | SponsoredThis student turned $1,300 into $45,000 in just 4 Months!With the help of S.A.M. (my new AI-powered scanner) it's now easier than ever to find these unique trades... ...Monument Traders Alliance | SponsoredCollapse of the PetrodollarThe death of the "petrodollar" seems imminent. 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