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NYSE: TME
Tencent Music Entertainment Group Stock

$12.32+0.56 (+4.76%)
Updated Apr 23, 2024
Why Price Moved
TME Price
$12.32
Fair Value Price
N/A
Market Cap
$32.03B
52 Week Low
$5.70
52 Week High
$12.37
P/E
28.19x
P/B
4.14x
P/S
5.43x
PEG
N/A
Dividend Yield
N/A
Revenue
$3.84B
Earnings
$693.94M
Gross Margin
35.3%
Operating Margin
21.21%
Profit Margin
17.7%
Debt to Equity
0.33
Operating Cash Flow
$1B
Beta
0.8
Next Earnings
May 13, 2024
Ex-Dividend
N/A
Next Dividend
N/A

TME Overview

Tencent Music Entertainment Group operates online music entertainment platforms that provides music streaming, online karaoke, and live streaming services in the People's Republic of 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. Tencent Music Entertainment Group has a strategic partnership with CoMix Wave Films. The company was formerly known as China Music Corporation. The company was incorporated in 2012 and is headquartered in Shenzhen, China. Tencent Music Entertainment Group is a subsidiary of Tencent Holdings Limited.

Zen Score

Industry Average (28)
You've viewed Zen Score for 10/10 free stocks. Upgrade to Premium to see how TME scored across 33 valuation, financial, forecast, performance, and dividend due diligence checks.

Due Diligence Checks

TME is forecast by analysts to be unprofitable, so we are unable to calculate its intrinsic value according to an updated version of Benjamin Graham's Formula from "The Intelligent Investor"
Below Benjamin Graham Formula Value Valuation
TME is good value based on its earnings relative to its share price (28.19x), compared to the US market average (41.92x)
P/E vs Market Valuation
TME is poor value based... subscribe to Premium to read more.
P/E vs Industry Valuation
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TME News

Valuation

TME price to earnings (PE)

For valuing profitable companies with steady earnings
Company
28.19x
Industry
19.81x
Market
41.92x
TME is poor value based... subscribe to Premium to read more.
P/E vs Industry Valuation
TME is good value based... subscribe to Premium to read more.
P/E vs Market Valuation

TME price to book (PB)

For valuing companies that are loss-making or have lots of physical asset
Company
4.14x
Industry
6.53x
TME is good value based... subscribe to Premium to read more.
P/B vs Industry Valuation

TME's financial health

Profit margin

Revenue
$972.2M
Net Income
$184.2M
Profit Margin
18.9%
TME's Earnings (EBIT) of $814.11M... subscribe to Premium to read more.
Interest Coverage Financials
TME's profit margin has increased... subscribe to Premium to read more.
Profit Margin Growth Financials

Assets to liabilities

Assets
$10.7B
Liabilities
$2.6B
Debt to equity
0.33
TME's short-term assets ($4.14B) exceed... subscribe to Premium to read more.
Short-term Liabilities Financials
TME's short-term assets ($4.14B) exceed... subscribe to Premium to read more.
Long-term Liabilities Financials
TME's debt has increased relative... subscribe to Premium to read more.
Shrinking Debt Financials
TME's debt to equity ratio... subscribe to Premium to read more.
Healthy Debt to Equity Financials

Cash flow

Operating
$295.5M
Investing
-$27.2M
Financing
-$81.2M
TME's operating cash flow ($1.03B)... subscribe to Premium to read more.
Debt Coverage Financials

TME vs Internet Content & Information Stocks

TickerMarket Cap1d %P/EP/B
TME$32.03B+4.76%28.19x4.14x
BIDU$34.44B+1.02%12.67x1.02x
PINS$22.42B+0.89%-660.40x7.25x
SNAP$18.80B+2.24%-13.89x7.79x
DASH$52.26B+1.64%-91.10x7.68x

Tencent Music Entertainment Group Stock FAQ

What is Tencent Music Entertainment Group's quote symbol?

(NYSE: TME) Tencent Music Entertainment Group trades on the NYSE under the ticker symbol TME. Tencent Music Entertainment Group stock quotes can also be displayed as NYSE: TME.

If you're new to stock investing, here's how to buy Tencent Music Entertainment Group stock.

What is the 52 week high and low for Tencent Music Entertainment Group (NYSE: TME)?

(NYSE: TME) Tencent Music Entertainment Group's 52-week high was $12.37, and its 52-week low was $5.70. It is currently -0.36% from its 52-week high and 116.14% from its 52-week low.

How much is Tencent Music Entertainment Group stock worth today?

(NYSE: TME) Tencent Music Entertainment Group currently has 5,199,359,267 outstanding shares. With Tencent Music Entertainment Group stock trading at $12.32 per share, the total value of Tencent Music Entertainment Group stock (market capitalization) is $32.03B.

Tencent Music Entertainment Group stock was originally listed at a price of $14.00 in Dec 12, 2018. If you had invested in Tencent Music Entertainment Group stock at $14.00, your return over the last 5 years would have been -12%, for an annualized return of -2.52% (not including any dividends or dividend reinvestments).

How much is Tencent Music Entertainment Group's stock price per share?

(NYSE: TME) Tencent Music Entertainment Group stock price per share is $12.32 today (as of Apr 23, 2024).

What is Tencent Music Entertainment Group's Market Cap?

(NYSE: TME) Tencent Music Entertainment Group's market cap is $32.03B, as of Apr 24, 2024.

Market cap (market capitalization) is the total market value of a publicly traded company's outstanding shares.

Tencent Music Entertainment Group's market cap is calculated by multiplying TME's current stock price of $12.32 by TME's total outstanding shares of 5,199,359,267.
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