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Tencent Music Entertainment Group (TME) Competitors

Tencent Music Entertainment Group logo
$24.34 -0.78 (-3.09%)
Closing price 03:58 PM Eastern
Extended Trading
$24.22 -0.12 (-0.49%)
As of 07:57 PM Eastern
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TME vs. SPOT, AMX, WBD, CHT, TEF, VOD, FOXA, TU, FOX, and FWONK

Should you be buying Tencent Music Entertainment Group stock or one of its competitors? The main competitors of Tencent Music Entertainment Group include Spotify Technology (SPOT), America Movil (AMX), Warner Bros. Discovery (WBD), Chunghwa Telecom (CHT), Telefonica (TEF), Vodafone Group (VOD), FOX (FOXA), TELUS (TU), FOX (FOX), and Liberty Media Corporation - Liberty Formula One Series C (FWONK). These companies are all part of the "communication" industry.

Tencent Music Entertainment Group vs. Its Competitors

Spotify Technology (NYSE:SPOT) and Tencent Music Entertainment Group (NYSE:TME) are both large-cap communication companies, but which is the superior investment? We will contrast the two companies based on the strength of their valuation, earnings, analyst recommendations, dividends, risk, profitability, institutional ownership and media sentiment.

Spotify Technology currently has a consensus target price of $726.84, suggesting a potential downside of 1.42%. Tencent Music Entertainment Group has a consensus target price of $24.47, suggesting a potential upside of 0.56%. Given Tencent Music Entertainment Group's stronger consensus rating and higher probable upside, analysts plainly believe Tencent Music Entertainment Group is more favorable than Spotify Technology.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Spotify Technology
0 Sell rating(s)
10 Hold rating(s)
21 Buy rating(s)
1 Strong Buy rating(s)
2.72
Tencent Music Entertainment Group
0 Sell rating(s)
0 Hold rating(s)
9 Buy rating(s)
2 Strong Buy rating(s)
3.18

Spotify Technology has a beta of 1.71, suggesting that its stock price is 71% more volatile than the S&P 500. Comparatively, Tencent Music Entertainment Group has a beta of 0.54, suggesting that its stock price is 46% less volatile than the S&P 500.

Spotify Technology has higher earnings, but lower revenue than Tencent Music Entertainment Group. Tencent Music Entertainment Group is trading at a lower price-to-earnings ratio than Spotify Technology, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Spotify Technology$16.61B9.08$1.23B$4.12178.95
Tencent Music Entertainment Group$30.27B1.38$924.18M$0.9126.74

Tencent Music Entertainment Group has a net margin of 33.72% compared to Spotify Technology's net margin of 4.76%. Spotify Technology's return on equity of 13.67% beat Tencent Music Entertainment Group's return on equity.

Company Net Margins Return on Equity Return on Assets
Spotify Technology4.76% 13.67% 6.46%
Tencent Music Entertainment Group 33.72%10.75%8.39%

84.1% of Spotify Technology shares are owned by institutional investors. Comparatively, 24.3% of Tencent Music Entertainment Group shares are owned by institutional investors. 0.4% of Spotify Technology shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock will outperform the market over the long term.

In the previous week, Spotify Technology had 36 more articles in the media than Tencent Music Entertainment Group. MarketBeat recorded 46 mentions for Spotify Technology and 10 mentions for Tencent Music Entertainment Group. Tencent Music Entertainment Group's average media sentiment score of 1.57 beat Spotify Technology's score of 1.01 indicating that Tencent Music Entertainment Group is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Spotify Technology
29 Very Positive mention(s)
1 Positive mention(s)
6 Neutral mention(s)
7 Negative mention(s)
1 Very Negative mention(s)
Positive
Tencent Music Entertainment Group
9 Very Positive mention(s)
1 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Very Positive

Summary

Spotify Technology beats Tencent Music Entertainment Group on 10 of the 17 factors compared between the two stocks.

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New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding TME and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

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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TME vs. The Competition

MetricTencent Music Entertainment GroupMEDIA CONGLOM IndustryDiscretionary SectorNYSE Exchange
Market Cap$41.76B$16.16B$8.37B$21.59B
Dividend Yield0.69%2.75%3.01%3.51%
P/E Ratio26.7436.0018.6430.24
Price / Sales1.383.206.0498.98
Price / Cash38.8418.4914.9518.30
Price / Book4.312.125.054.66
Net Income$924.18M$446.53M$256.42M$1.00B
7 Day Performance-4.61%0.74%12.26%1.06%
1 Month Performance-4.06%1.12%14.50%3.00%
1 Year Performance146.81%38.44%60.28%15.09%

Tencent Music Entertainment Group Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
TME
Tencent Music Entertainment Group
3.465 of 5 stars
$24.34
-3.1%
$24.47
+0.6%
+154.7%$41.76B$30.27B26.745,353Positive News
SPOT
Spotify Technology
4.6288 of 5 stars
$703.28
+1.0%
$721.07
+2.5%
+101.3%$143.97B$16.96B170.707,691Positive News
AMX
America Movil
2.8771 of 5 stars
$20.45
+0.5%
$18.77
-8.2%
+25.2%$61.76B$926.22B21.76178,468
WBD
Warner Bros. Discovery
2.4596 of 5 stars
$19.46
+3.1%
$13.20
-32.2%
+134.6%$48.18B$38.44B64.8735,000Trending News
Analyst Forecast
High Trading Volume
CHT
Chunghwa Telecom
0.8695 of 5 stars
$45.00
+0.3%
N/A+12.1%$34.91B$231.91B29.4132,452Positive News
TEF
Telefonica
1.2209 of 5 stars
$5.36
-0.2%
N/A+8.7%$30.39B$44.71B-11.17100,870
VOD
Vodafone Group
4.6696 of 5 stars
$11.81
-0.3%
$136.00
+1,051.6%
+14.0%$28.47B$39.39B10.3692,000
FOXA
FOX
1.967 of 5 stars
$58.77
+0.9%
$56.47
-3.9%
+50.8%$26.18B$16.30B11.9710,400Positive News
TU
TELUS
3.8091 of 5 stars
$15.99
+0.3%
$21.50
+34.5%
-5.0%$24.54B$14.88B34.76106,800Positive News
FOX
FOX
3.3852 of 5 stars
$53.08
+0.5%
N/A+46.3%$23.65B$16.30B10.8110,600Trending News
Gap Up
FWONK
Liberty Media Corporation - Liberty Formula One Series C
2.8611 of 5 stars
$98.93
-0.5%
$111.22
+12.4%
+33.4%$22.12B$3.87B96.996,800Positive News
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This page (NYSE:TME) was last updated on 9/22/2025 by MarketBeat.com Staff
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