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Tencent Music Entertainment Group

TME
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8.950USD
-0.120-1.32%
Close 05/13, 16:00ETQuotes delayed by 15 min
6.64BMarket Cap
10.72P/E TTM

Tencent Music Entertainment Group

8.950
-0.120-1.32%
View Detailed Chart
Intraday
1m
30m
1h
D
W
M
D

Today

-1.32%

5 Days

-2.29%

1 Month

-4.38%

6 Months

-52.09%

Year to Date

-48.94%

1 Year

-37.54%

Key Insights

Tencent Music Entertainment Group's fundamentals are relatively very healthy, with an industry-leading ESG disclosure.and its growth potential is high.Its valuation is considered fairly valued, ranking 92 out of 472 in the Software & IT Services industry.Institutional ownership is very high.Over the past month, multiple analysts have rated it as Buy, with the highest price target at 18.58.In the medium term, the stock price is expected to trend down.Despite a weak stock market performance over the past month, the company shows strong fundamentals and technicals.The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.

Tencent Music Entertainment Group's Score

Industry at a Glance

Industry Ranking
92 / 472
Overall Ranking
159 / 4490
Industry
Software & IT Services

Support & Resistance

Relevant data have not been disclosed by the company yet.

Score Analysis

Current score
Previous score

Media Coverage

Last 24 hours
Coverage Level

Very Low
Very High
Neutral

Tencent Music Entertainment Group Highlights

StrengthsRisks
Tencent Music Entertainment Group is a holding company mainly engaged in the provision and operation of online music entertainment platform. The Company is mainly engaged in the provision of online music services, social entertainment services and other services. The Company operates four major product brands, QQ Music, Kugou Music, Kuwo Music and WeSing, through which the Company provides online music and social entertainment services to address the music entertainment needs of audience in China. The Company also offers Lazy Audio, the dedicated long-form audio app as a complement to the flagship music-centric product portfolio.
High Growth
The company's revenue has grown steadily over the past 3 years, averaging 23.94% year-on-year.
High Profit Growth
The company's net income leads the industry, with the latest annual income totaling USD 4.78B.
High Dividend
The company is a high dividend payer, with the latest dividend payout ratio of 22.70%.
Undervalued
The company’s latest PE is 8.80, at a low 3-year percentile range.
Institutional Selling
The latest institutional holdings are 449.93M shares, decreasing 13.19% quarter-over-quarter.
Held by PRFDX
Star Investor PRFDX holds 115.59K shares of this stock.
Lower Market Activity
The company has less investor interest, with a 20-day turnover ratio of 0.14.

Analyst Rating

Based on 27 analysts
Buy
Current Rating
18.584
Target Price
+101.12%
Upside Space
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.

Tencent Music Entertainment Group News

More news coming soon, stay tuned...

Financial Indicators

EPS

Relevant data have not been disclosed by the company yet.

Total revenue

Relevant data have not been disclosed by the company yet.

Tencent Music Entertainment Group Info

Tencent Music Entertainment Group is a holding company mainly engaged in the provision and operation of online music entertainment platform. The Company is mainly engaged in the provision of online music services, social entertainment services and other services. The Company operates four major product brands, QQ Music, Kugou Music, Kuwo Music and WeSing, through which the Company provides online music and social entertainment services to address the music entertainment needs of audience in China. The Company also offers Lazy Audio, the dedicated long-form audio app as a complement to the flagship music-centric product portfolio.
Ticker SymbolTME
CompanyTencent Music Entertainment Group
CEOLiang (Zhu)
Websitehttps://www.tencentmusic.com/
KeyAI