Tencent Music Entertainment Group (TME) Competitors

$10.18

-0.14 (-1.36%)

(As of 09/6/2024 ET)

TME vs. SPOT, ORAN, CHT, VOD, TEF, TU, RCI, FOXA, WBD, 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), Orange (ORAN), Chunghwa Telecom (CHT), Vodafone Group Public (VOD), Telefónica (TEF), TELUS (TU), Rogers Communications (RCI), FOX (FOXA), Warner Bros. Discovery (WBD), and Formula One Group (FWONK). These companies are all part of the "communication" industry.

Tencent Music Entertainment Group vs.

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

: Spotify Technology has a beta of 1.57, suggesting that its share price is 57% more volatile than the S&P 500. Comparatively, Tencent Music Entertainment Group has a beta of 0.65, suggesting that its share price is 35% less volatile than the S&P 500.
: Spotify Technology received 259 more outperform votes than Tencent Music Entertainment Group when rated by MarketBeat users. Likewise, 61.36% of users gave Spotify Technology an outperform vote while only 57.77% of users gave Tencent Music Entertainment Group an outperform vote.
Company Underperform Outperform
Spotify Technology Outperform Votes
378
61.36%
Underperform Votes
238
38.64%
Tencent Music Entertainment Group Outperform Votes
119
57.77%
Underperform Votes
87
42.23%
: Tencent Music Entertainment Group has a net margin of 20.35% compared to Spotify Technology's net margin of 3.22%. Spotify Technology's return on equity of 15.23% beat Tencent Music Entertainment Group's return on equity.
Company Net Margins Return on Equity Return on Assets
Spotify Technology 3.22% 15.23% 5.30%
Tencent Music Entertainment Group 20.35% 10.11% 7.70%
: 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 insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company is poised for long-term growth.
: In the previous week, Spotify Technology had 16 more articles in the media than Tencent Music Entertainment Group. MarketBeat recorded 20 mentions for Spotify Technology and 4 mentions for Tencent Music Entertainment Group. Tencent Music Entertainment Group's average media sentiment score of 1.53 beat Spotify Technology's score of 0.40 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
9 Very Positive mention(s)
1 Positive mention(s)
8 Neutral mention(s)
0 Negative mention(s)
1 Very Negative mention(s)
Neutral
Tencent Music Entertainment Group
2 Very Positive mention(s)
2 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Very Positive
: Tencent Music Entertainment Group has lower revenue, but higher earnings than Spotify Technology. Spotify Technology is trading at a lower price-to-earnings ratio than Tencent Music Entertainment Group, indicating that it is currently the more affordable of the two stocks.
Company Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio
Spotify Technology $14.34B 4.48 -$575.78M -$0.67 -481.74
Tencent Music Entertainment Group $3.91B 4.47 $695.20M $0.46 22.13
: Spotify Technology currently has a consensus target price of $356.38, suggesting a potential upside of 10.41%. Tencent Music Entertainment Group has a consensus target price of $12.72, suggesting a potential upside of 24.93%. Given Tencent Music Entertainment Group's stronger consensus rating and higher probable upside, analysts clearly 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
1 Sell rating(s)
6 Hold rating(s)

23 Buy rating(s)

0 Strong Buy rating(s)
2.73
Tencent Music Entertainment Group
0 Sell rating(s)

3 Hold rating(s)

10 Buy rating(s)

0 Strong Buy rating(s)
2.77

Company	Underperform	Outperform
Spotify Technology	Outperform Votes 378 61.36%	Underperform Votes 238 38.64%
Tencent Music Entertainment Group	Outperform Votes 119 57.77%	Underperform Votes 87 42.23%

Company	Net Margins	Return on Equity	Return on Assets
Spotify Technology	3.22%	15.23%	5.30%
Tencent Music Entertainment Group	20.35%	10.11%	7.70%

Company	Very Positive	Positive	Neutral	Negative	Very Negative	Overall Sentiment
Spotify Technology	9 Very Positive mention(s)	1 Positive mention(s)	8 Neutral mention(s)	0 Negative mention(s)	1 Very Negative mention(s)	Neutral
Tencent Music Entertainment Group	2 Very Positive mention(s)	2 Positive mention(s)	0 Neutral mention(s)	0 Negative mention(s)	0 Very Negative mention(s)	Very Positive

Company	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Spotify Technology	$14.34B	4.48	-$575.78M	-$0.67	-481.74
Tencent Music Entertainment Group	$3.91B	4.47	$695.20M	$0.46	22.13

Company	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Spotify Technology	1 Sell rating(s)	6 Hold rating(s)	23 Buy rating(s)	0 Strong Buy rating(s)	2.73
Tencent Music Entertainment Group	0 Sell rating(s)	3 Hold rating(s)	10 Buy rating(s)	0 Strong Buy rating(s)	2.77

Summary

Spotify Technology beats Tencent Music Entertainment Group on 10 of the 18 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.

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.

TME vs. The Competition

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Metric	Tencent Music Entertainment Group	Radio broadcasting stations Industry	Computer Sector	NYSE Exchange
Market Cap	$17.47B	$7.86B	$21.11B	$18.47B
Dividend Yield	1.27%	4.82%	2.72%	3.50%
P/E Ratio	22.13	8.02	282.14	25.26
Price / Sales	4.47	0.98	542.27	16.05
Price / Cash	20.22	3.33	32.04	20.09
Price / Book	2.02	1.94	6.57	4.65
Net Income	$695.20M	-$36.70M	$658.17M	$981.81M
7 Day Performance	-2.49%	-3.23%	-3.78%	-3.26%
1 Month Performance	-23.23%	-1.40%	4.91%	4.65%
1 Year Performance	52.51%	-29.57%	11.16%	10.82%

Tencent Music Entertainment Group Competitors List

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Company	MarketRank	Share Price	Analysts' Price Target	1Y Price Performance	Market Cap	Revenue	P/E Ratio	Employee Count	Indicator(s)
SPOT Spotify Technology	4.2841 of 5 stars 4.28 / 5 stars	$342.88 +0.6%	$356.96 +4.1%	+101.1%	$65.22B	$14.47B	-511.75	9,123	Analyst Forecast Analyst Revision
ORAN Orange	3.1614 of 5 stars 3.16 / 5 stars	$11.45 -1.0%	$13.08 +14.2%	+5.9%	$30.43B	$44.61B	9.09	137,094
CHT Chunghwa Telecom	1.9526 of 5 stars 1.95 / 5 stars	$38.65 -0.1%	N/A	+6.9%	$29.98B	$223.32B	25.77	32,383
VOD Vodafone Group Public	3.868 of 5 stars 3.87 / 5 stars	$9.77 +1.0%	$14.45 +47.9%	+8.3%	$26.33B	$36.72B	8.96	93,000	News Coverage
TEF Telefónica	0.266 of 5 stars 0.27 / 5 stars	$4.52 flat	N/A	+16.6%	$25.63B	$40.87B	-28.25	104,142
TU TELUS	3.4879 of 5 stars 3.49 / 5 stars	$16.14 +0.8%	$29.00 +79.7%	-1.0%	$23.82B	$19.91B	41.39	106,400	Analyst Upgrade News Coverage
RCI Rogers Communications	4.7139 of 5 stars 4.71 / 5 stars	$40.55 -0.3%	$51.50 +27.0%	+2.4%	$21.49B	$20.42B	50.69	26,000	News Coverage Positive News
FOXA FOX	3.3202 of 5 stars 3.32 / 5 stars	$41.37 +0.7%	$38.23 -7.6%	+28.5%	$19.31B	$13.98B	12.97	10,400	Positive News
WBD Warner Bros. Discovery	2.1502 of 5 stars 2.15 / 5 stars	$7.84 +1.4%	$11.25 +43.5%	-37.2%	$19.21B	$39.93B	-6.32	35,300
FWONK Formula One Group	3.394 of 5 stars 3.39 / 5 stars	$78.05 +0.4%	$84.00 +7.6%	+13.3%	$18.34B	$3.69B	56.97	6,800	Positive News