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Buy
52
TME Quote, Financials, Valuation and Earnings
Last price:
$11.92
Seasonality move
:
-1.47%
Day range:
$11.84 - $12.04
52-week range:
$8.19 - $15.77
Dividend yield:
1.15%
P/E ratio:
22.22x
P/S ratio:
4.81x
P/B ratio:
2.22x
Volume:
2M
Avg. volume:
7.2M
1-year change:
38.28%
Market cap:
$20.1B
Revenue:
$3.9B
EPS (TTM):
$0.54
Analysts' Opinion
-
Consensus RatingTencent Music Entertainment Group has received a consensus rating of Buy. The company's average rating is a Buy based on 17 Buy ratings, 4 Hold ratings, and 0 Sell ratings.
-
Price Target UpsideAccording to analysts' consensus price target of $14.47, Tencent Music Entertainment Group has an estimated upside of 21.74% from its current price of $11.92.
-
Price Target DownsideAccording to analysts, the lowest downside price target is $11.89 representing -0.03% downside risk from its current price of $11.92.
Fair Value
-
According to the consensus of 21 analysts, Tencent Music Entertainment Group has 21.74% upside to fair value with a price target of $14.47 per share.
TME vs. S&P 500
-
Over the past 5 trading days, Tencent Music Entertainment Group has underperformed the S&P 500 by -1.96% suggesting its relative strength compared to the major market average is weak at this time.
Share Buyback
-
Tencent Music Entertainment Group does not have a share repurchase program in place at this time. The scale of a buyback program can materially affect share price and usually results in a higher earnings per share, all else being equal, when the share count drops.
Revenue Growth
-
Tencent Music Entertainment Group has grown year-over-year revenues for 1 quarter straight. In the most recent quarter Tencent Music Entertainment Group reported revenues of $979.8M.
Earnings Growth
-
Tencent Music Entertainment Group has grown year-over-year earnings for 10 quarters straight. In the most recent quarter Tencent Music Entertainment Group reported earnings per share of $0.14.
Enterprise value:
17.1B
EV / Invested capital:
1.69x
Price / LTM sales:
4.81x
EV / EBIT:
15.15x
EV / Revenue:
4.40x
PEG ratio (5yr expected):
0.86x
EV / Free cash flow:
12.32x
Price / Operating cash flow:
13.47x
Enterprise value / EBITDA:
15.15x
Gross Profit (TTM):
$1.6B
Return On Assets:
7.57%
Net Income Margin (TTM):
21.53%
Return On Equity:
9.91%
Return On Invested Capital:
9.06%
Operating Margin:
25.27%
| Trailing 12 Months | Fiscal Quarters | |||||
|---|---|---|---|---|---|---|
| Period Ending | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2023-09-30 | 2024-09-30 | |
| Income Statement | ||||||
| Revenue | $4.4B | $4B | $3.9B | $907.8M | $979.8M | |
| Gross Profit | $1.3B | $1.4B | $1.6B | $323.6M | $417.7M | |
| Operating Income | $440.2M | $681.4M | $953.1M | $148.4M | $247.6M | |
| EBITDA | $570M | $831.7M | $1.1B | $203.7M | $303.5M | |
| Diluted EPS | $0.28 | $0.43 | $0.54 | $0.10 | $0.14 | |
| Period Ending | 2020-09-30 | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | |
|---|---|---|---|---|---|---|
| Balance Sheet | ||||||
| Current Assets | $4.4B | $4B | $3.7B | $3.8B | $4.9B | |
| Total Assets | $9.4B | $10.3B | $9.4B | $10B | $12.1B | |
| Current Liabilities | $1.3B | $1.5B | $1.7B | $1.6B | $2.2B | |
| Total Liabilities | $2.1B | $2.4B | $2.6B | $2.4B | $2.8B | |
| Total Equity | $7.2B | $7.8B | $6.8B | $7.6B | $9.3B | |
| Total Debt | $790.9M | $795.5M | $791.6M | $782.9M | $795.7M | |
| Trailing 12 Months | Fiscal Quarters | |||||
|---|---|---|---|---|---|---|
| Period Ending | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2023-09-30 | 2024-09-30 | |
| Cash Flow Statement | ||||||
| Cash Flow Operations | $857.4M | $1.1B | $1.4B | $181.5M | $306M | |
| Cash From Investing | $101.7M | -$396.7M | -$1.2B | -$155.4M | -$469.1M | |
| Cash From Financing | -$489.1M | -$198.7M | -$505.6M | -$116.8M | -$124.5M | |
| Free Cash Flow | $857.4M | $1.1B | $1.4B | $181.5M | $306M | |
TME
Sector
Market Cap
$20.1B
$110M
Price % of 52-Week High
75.4%
66.47%
Dividend Yield
1.15%
0%
Shareholder Yield
--
3.39%
1-Year Price Total Return
39.72%
-16.31%
Beta (5-Year)
0.680
0.704
Dividend yield:
1.15%
Annualized payout:
$0.00
Payout ratio:
--
Growth streak:
0 years
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Technicals
8-day SMA
Buy
Level
$11.77
200-day SMA
Sell
Level
$12.42
Bollinger Bands (100)
Buy
Level
10.45 - 12.53
Chaikin Money Flow
Buy
Level
366.5M
20-day SMA
Sell
Level
$12.00
Relative Strength Index (RSI14)
Buy
Level
51.32
ADX Line
Buy
Level
9.87
Williams %R
Neutral
Level
-75.7433
50-day SMA
Buy
Level
$11.67
MACD (12, 26)
Buy
Level
0.05
25-day Aroon Oscillator
Buy
Level
32
On Balance Volume
Sell
Level
-635.8M
Financial Scores
Buy
Altman Z-Score
(Annual)
Level (4.7691)
Buy
CA Score
(Annual)
Level (1.1254)
Buy
Beneish M-Score
(Annual)
Level (-2.5977)
Buy
Momentum Score
Level (9)
Buy
Ohlson Score
Level (-3.1281)
Buy
Piotroski F Score
(Annual)
Level (7)
Sell
Quality Ratio Score
Level (3)
Buy
Fundamental Score
Level (8)
Revenue Forecast
Earnings per Share Forecast
Company Profile
Tencent Music is the largest online music service provider in China. It was founded in 2016 with the business combination of QQ Music (founded in 2005), Kuwo Music (founded in 2005) and Kugou Music (founded in 2004) streaming platforms. Tencent is the largest shareholder of TME with over 50% shares and over 90% voting rights held. TME also provides social entertainment services, including music live audio/video broadcasts and online concert services through the three platforms mentioned above, and online karaoke through an independent platform WeSing.
Stock Forecast FAQ
In the current month, TME has received 17 Buy ratings 4 Hold ratings, and 0 Sell ratings. The TME average analyst price target in the past 3 months is $14.47.
-
Where Will Tencent Music Entertainment Group Stock Be In 1 Year?
According to analysts, the consensus estimate is that Tencent Music Entertainment Group share price will rise to $14.47 per share over the next 12 months.
-
What Do Analysts Say About Tencent Music Entertainment Group?
Analysts are divided on their view about Tencent Music Entertainment Group share price and where it will be in the next 12 months. The majority of analysts rate the stock a Buy. However, a smaller subset of analysts suggest that Tencent Music Entertainment Group is a Sell and believe this share price will drop from its current level to $11.89.
-
What Is Tencent Music Entertainment Group's Price Target?
The price target for Tencent Music Entertainment Group over the next 1-year time period is forecast to be $14.47 according to 21 Wall Street analysts, 17 of them rate the stock a Buy, 0 rate the stock a Sell, and 4 analysts rate the stock a Hold.
-
Is TME A Buy, Sell Or Hold?
According to Wall Street analysts, the consensus rating for Tencent Music Entertainment Group is a Buy. 17 of 21 analysts rate the stock a Buy at this time.
-
How Can I Buy Shares Of TME?
You can purchase shares of Tencent Music Entertainment Group via an online brokerage firm such as TD Ameritrade.com, thinkorswim.com, e-trade.com, TastyTrade.com, or Schwab.com. Many other digital online brokerages exist such as RobinHood and Webull where you can purchase Tencent Music Entertainment Group shares.
-
What Is The Tencent Music Entertainment Group Share Price Today?
Tencent Music Entertainment Group was last trading at $11.92 per share. This represents the most recent stock quote for Tencent Music Entertainment Group. Yesterday, Tencent Music Entertainment Group closed at $11.92 per share.
-
How To Buy Tencent Music Entertainment Group Stock Online?
In order to purchase Tencent Music Entertainment Group stock online, open a brokerage account, deposit funds into the account, and select an order type to purchase shares whether it be market or limit.
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