NYSE:TME - Tencent Music Entertainment Group Stock Price, Forecast & News

$14.08

+0.13 (+0.93 %)

(As of 01/17/2020 04:00 PM ET)

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Today's Range

$13.97

Now: $14.08▼

$14.19

50-Day Range

$11.42

MA: $12.36▼

$14.08

52-Week Range

$11.27

Now: $14.08▼

$19.97

Volume10.56 million shs

Average Volume7.62 million shs

Market Capitalization$22.99 billion

P/E Ratio78.23

Dividend YieldN/A

BetaN/A

Tencent Music Entertainment Group operates an online music entertainment platform that provides online music and music-centric social entertainment services in China. It offers QQ Music, Kugou Music, and Kuwo Music that enable users to discover and listen to music in personalized ways; and WeSing, which enables users to have fun by singing and interacting with friends, sharing their singing performances with friends, and discovering songs that others have sung. The company also operates Kugou Live and Kuwo Live that provides an interactive online stage for performers and users to showcase their talent and engage with those interested in their performance. In addition, it sells music-related merchandise, including Kugou M1 headsets, smart speakers, WeSing karaoke microphones, and Hi-Fi systems; and offers online music event ticketing services, as well as services to smart device and automobile makers to build and operate music services on devices and vehicles. The company was formerly known as China Music Corporation. The company was incorporated in 2012 and is based in Shenzhen, Chiane. Tencent Music Entertainment Group is a subsidiary of Tencent Holdings Limited.

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Radio broadcasting stations

Sub-IndustryN/A

SectorComputer and Technology

Current SymbolNYSE:TME

Previous Symbol

CUSIPN/A

CIKN/A

WebN/A

Phone86-755-8601-3388

Debt

Debt-to-Equity RatioN/A

Current Ratio3.31

Quick Ratio3.31

Price-To-Earnings

Trailing P/E Ratio78.23

Forward P/E Ratio39.11

P/E Growth0.98

Sales & Book Value

Annual Sales$2.76 billion

Price / Sales8.33

Cash Flow$0.23 per share

Price / Cash Flow61.44

Book Value$3.49 per share

Price / Book4.03

Profitability

EPS (Most Recent Fiscal Year)$0.20

Net Income$276.97 million

Net Margins8.77%

Return on Equity6.11%

Return on Assets5.14%

Miscellaneous

Employees3,041

Outstanding Shares1,632,990,000

Market Cap$22.99 billion

Next Earnings Date3/17/2020 (Estimated)

OptionableOptionable

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Tencent Music Entertainment Group (NYSE:TME) Frequently Asked Questions

What is Tencent Music Entertainment Group's stock symbol?

Tencent Music Entertainment Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "TME."

How were Tencent Music Entertainment Group's earnings last quarter?

Tencent Music Entertainment Group - (NYSE:TME) released its quarterly earnings results on Monday, November, 11th. The company reported $0.74 EPS for the quarter, topping the Zacks' consensus estimate of $0.08 by $0.66. The business had revenue of $6.51 billion for the quarter, compared to analyst estimates of $6.43 billion. Tencent Music Entertainment Group had a return on equity of 6.11% and a net margin of 8.77%. Tencent Music Entertainment Group's revenue for the quarter was up 31.0% on a year-over-year basis. View Tencent Music Entertainment Group's Earnings History.

When is Tencent Music Entertainment Group's next earnings date?

Tencent Music Entertainment Group is scheduled to release their next quarterly earnings announcement on Tuesday, March 17th 2020. View Earnings Estimates for Tencent Music Entertainment Group.

What price target have analysts set for TME?

13 equities research analysts have issued 12-month price targets for Tencent Music Entertainment Group's stock. Their forecasts range from $12.89 to $18.00. On average, they expect Tencent Music Entertainment Group's share price to reach $16.48 in the next year. This suggests a possible upside of 17.1% from the stock's current price. View Analyst Price Targets for Tencent Music Entertainment Group.

What is the consensus analysts' recommendation for Tencent Music Entertainment Group?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Tencent Music Entertainment Group in the last year. There are currently 3 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Tencent Music Entertainment Group.

What are Wall Street analysts saying about Tencent Music Entertainment Group stock?

Here are some recent quotes from research analysts about Tencent Music Entertainment Group stock:

1. According to Zacks Investment Research, "Tencent Music Entertainment Group provides an online music entertainment platform primarily in China. The Company offers online music, recording, and music-centric live streaming services. Tencent Music Entertainment Group is based in Shenzhen, China. " (11/14/2019)
2. Stifel Nicolaus analysts commented, "We forecast TME to grow total revenue +48% y/y to ¥5.32B, which is roughly in-line with the consensus expectation of +47% growth. Our revenue forecast is comprised of ¥3.86B in Social Entertainment Services (SES) revenue (+52% y/y growth) and ¥1.45B in Online Music Services (OMS) revenue (+39% y/y growth). We expect TME’s growth to be driven by a +9.5% y/y increase in total MAUs, a +74bp y/y increase in the total paying ratio (resulting in a +33% increase in total paying users), and SES ARPPU growth of +22% y/ y / OMS ARPPU growth of +2% y/y. We model 4Q adj. EBITDA of ¥413mm versus the Street’s ¥808mm forecast; we note our numbers include ~¥400mm in IPO-related expenses we expect to flow through the G&A line item, which may not yet be reflected in consensus G&A expense." (3/12/2019)

Has Tencent Music Entertainment Group been receiving favorable news coverage?

News articles about TME stock have trended very positive this week, according to InfoTrie. The research group rates the sentiment of media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Tencent Music Entertainment Group earned a news impact score of 3.4 on InfoTrie's scale. They also assigned press coverage about the company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the stock's share price in the next few days. View News Stories for Tencent Music Entertainment Group.

Are investors shorting Tencent Music Entertainment Group?

Tencent Music Entertainment Group saw a increase in short interest in the month of December. As of December 31st, there was short interest totalling 39,020,000 shares, an increase of 22.8% from the December 15th total of 31,780,000 shares. Based on an average daily volume of 6,520,000 shares, the short-interest ratio is currently 6.0 days. Currently, 12.8% of the company's stock are short sold. View Tencent Music Entertainment Group's Current Options Chain.

Who are some of Tencent Music Entertainment Group's key competitors?

Some companies that are related to Tencent Music Entertainment Group include Sirius XM (SIRI), Spotify (SPOT), Corus Entertainment (CJREF), Entercom Communications (ETM), Akazoo (SONG), Cumulus Media (CMLS), Townsquare Media (TSQ), Urban One (UONE), Beasley Broadcast Group (BBGI), iHeartMedia (IHRTQ), Urban One (UONEK), Emmis Communications (EMMS), Salem Media Group (SALM), MODERN MEDIA AC/SH SH (MMDM) and Spanish Broadcasting System (SBSAA).

What other stocks do shareholders of Tencent Music Entertainment Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Tencent Music Entertainment Group investors own include Alibaba Group (BABA), IQIYI (IQ), NVIDIA (NVDA), TENCENT HOLDING/ADR (TCEHY), Roku (ROKU), Advanced Micro Devices (AMD), Canopy Growth (CGC), Paypal (PYPL), Twilio (TWLO) and Netflix (NFLX).

Who are Tencent Music Entertainment Group's key executives?

Tencent Music Entertainment Group's management team includes the folowing people:

Mr. Kar Shun Pang, CEO & Director (Age 44)
Mr. Zhenyu Xie, Co-Pres & Director (Age 43)
Mr. Guomin Xie, Co-Pres & Director (Age 44)
Ms. Min Hu, Chief Financial Officer (Age 46)
Mr. Cheuk Tung Yip, Chief Strategy Officer (Age 37)

When did Tencent Music Entertainment Group IPO?

(TME) raised $1.1 billion in an 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 acted 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?

Tencent Music Entertainment Group's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Price Wealth LLC (0.00%).

Which major investors are buying Tencent Music Entertainment Group stock?

TME stock was purchased by a variety of institutional investors in the last quarter, including Price Wealth LLC.

How do I buy shares of Tencent Music Entertainment Group?

Shares of TME can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

What is Tencent Music Entertainment Group's stock price today?

One share of TME stock can currently be purchased for approximately $14.08.

How big of a company is Tencent Music Entertainment Group?

Tencent Music Entertainment Group has a market capitalization of $22.99 billion and generates $2.76 billion in revenue each year. The company earns $276.97 million in net income (profit) each year or $0.20 on an earnings per share basis. Tencent Music Entertainment Group employs 3,041 workers across the globe.View Additional Information About Tencent Music Entertainment Group.

How can I contact Tencent Music Entertainment Group?

Tencent Music Entertainment Group's mailing address is 17/F MALATA BUILDING KEJIZHONGYI ROAD MIDWEST DISTRICT OF HI-TECH PARK, SHENZHEN F4, 518057. The company can be reached via phone at 86-755-8601-3388.

MarketBeat Community Rating for Tencent Music Entertainment Group (NYSE TME)

Community Ranking:		2.3 out of 5 ( )
Outperform Votes:		58 (Vote Outperform)
Underperform Votes:		69 (Vote Underperform)
Total Votes:		127

MarketBeat's community ratings are surveys of what our community members think about Tencent Music Entertainment Group and other stocks. Vote "Outperform" if you believe TME will outperform the S&P 500 over the long term. Vote "Underperform" if you believe TME will underperform the S&P 500 over the long term. You may vote once every thirty days.

This page was last updated on 1/18/2020 by MarketBeat.com Staff

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