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

$12.32
+0.10 (+0.82 %)
(As of 02/25/2020 04:00 PM ET)
Today's Range
$12.22
Now: $12.32
$12.71
50-Day Range
$12.07
MA: $13.25
$14.08
52-Week Range
$11.27
Now: $12.32
$19.97
Volume8.75 million shs
Average Volume8.19 million shs
Market Capitalization$20.12 billion
P/E Ratio68.45
Dividend YieldN/A
Beta2.15
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

Industry Radio broadcasting stations
Sub-IndustryN/A
SectorComputer and Technology
CUSIPN/A
CIKN/A
WebN/A
Phone86-755-8601-3388

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.76 billion
Cash Flow$0.22 per share
Book Value$3.49 per share

Profitability

Net Income$276.97 million

Miscellaneous

Employees3,041
Outstanding Shares1,632,993,000
Market Cap$20.12 billion
Next Earnings Date3/16/2020 (Confirmed)
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) announced its quarterly earnings results on Monday, November, 11th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.08 by $0.66. The company had revenue of $6.51 billion for the quarter, compared to analysts' expectations of $6.43 billion. Tencent Music Entertainment Group had a net margin of 8.77% and a return on equity of 6.11%. The company's revenue 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 Monday, March 16th 2020. View Earnings Estimates for Tencent Music Entertainment Group.

How can I listen to Tencent Music Entertainment Group's earnings call?

Tencent Music Entertainment Group will be holding an earnings conference call on Monday, March 16th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

What price target have analysts set for TME?

13 equities research analysts have issued 12-month target prices for Tencent Music Entertainment Group's shares. Their forecasts range from $12.89 to $18.00. On average, they anticipate Tencent Music Entertainment Group's share price to reach $16.64 in the next year. This suggests a possible upside of 35.1% 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 1 sell rating, 4 hold ratings and 8 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. " (2/21/2020)
  • 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?

Media coverage about TME stock has been trending very negative this week, according to InfoTrie Sentiment Analysis. InfoTrie ranks the sentiment of press coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Tencent Music Entertainment Group earned a media sentiment score of -3.0 on InfoTrie's scale. They also assigned news articles about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the near term. 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 during the month of January. As of January 15th, there was short interest totalling 39,020,000 shares, an increase of 22.8% from the December 31st total of 31,780,000 shares. Based on an average trading volume of 6,620,000 shares, the short-interest ratio is presently 5.9 days. Approximately 12.8% of the shares of the company are sold short. View Tencent Music Entertainment Group's Current Options Chain.

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

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), Roku (ROKU), TENCENT HOLDING/ADR (TCEHY), Canopy Growth (CGC), Advanced Micro Devices (AMD), Netflix (NFLX), Paypal (PYPL) and NIO (NIO).

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 a price of $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 a number of of institutional and retail investors. Top institutional shareholders include D1 Capital Partners L.P. (1.43%), Baillie Gifford & Co. (0.99%), Goldman Sachs Group Inc. (0.55%), William Blair Investment Management LLC (0.41%), Credit Suisse AG (0.39%) and Honeycomb Asset Management LP (0.39%).

Which institutional investors are selling Tencent Music Entertainment Group stock?

TME stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Krane Funds Advisors LLC, Dragoneer Investment Group LLC, Bamco Inc. NY, Swiss National Bank, Fosun International Ltd, Pictet Asset Management Ltd. and TD Asset Management Inc..

Which institutional investors are buying Tencent Music Entertainment Group stock?

TME stock was purchased by a variety of institutional investors in the last quarter, including Honeycomb Asset Management LP, Jefferies Group LLC, Coronation Fund Managers Ltd., Credit Suisse AG, D1 Capital Partners L.P., MERIAN GLOBAL INVESTORS UK Ltd, MERIAN GLOBAL INVESTORS UK Ltd and Marshall Wace LLP.

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 $12.32.

How big of a company is Tencent Music Entertainment Group?

Tencent Music Entertainment Group has a market capitalization of $20.12 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:  2.2 out of 5 (star star)
Outperform Votes:  62 (Vote Outperform)
Underperform Votes:  76 (Vote Underperform)
Total Votes:  138
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 2/25/2020 by MarketBeat.com Staff

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