NYSE
TME

Tencent Music Entertainment Group

Internet Content & Information
Communication Services

Prices are adjusted according to historical splits.

Tencent Music Entertainment Group Stock Price

Vitals

Today's Low:
$6.32
Today's High:
$6.55
Open Price:
$6.54
52W Low:
$3.14
52W High:
$9.29
Prev. Close:
$6.5
Volume:
6188538

Company Statistics

Market Cap.:
$12.07 billion
Book Value:
34.261
Revenue TTM:
$29.08 billion
Operating Margin TTM:
15.39%
Gross Profit TTM:
$8.77 billion
Profit Margin:
16.02%
Return on Assets TTM:
4.03%
Return on Equity TTM:
9.41%

Company Profile

Tencent Music Entertainment Group had its IPO on 2018-12-12 under the ticker symbol TME.

The company operates in the Communication Services sector and Internet Content & Information industry. Tencent Music Entertainment Group has a staff strength of 5,805 employees.

Stock update

Shares of Tencent Music Entertainment Group opened at $6.54 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $6.32 - $6.55, and closed at $6.37.

This is a -2% slip from the previous day's closing price.

A total volume of 6,188,538 shares were traded at the close of the day’s session.

In the last one week, shares of Tencent Music Entertainment Group have slipped by -9.26%.

Tencent Music Entertainment Group's Key Ratios

Tencent Music Entertainment Group has a market cap of $12.07 billion, indicating a price to book ratio of 1.9914 and a price to sales ratio of 0.4558.

In the last 12-months Tencent Music Entertainment Group’s revenue was $29.08 billion with a gross profit of $8.77 billion and an EBITDA of $5.41 billion. The EBITDA ratio measures Tencent Music Entertainment Group's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Tencent Music Entertainment Group’s operating margin was 15.39% while its return on assets stood at 4.03% with a return of equity of 9.41%.

In Q2, Tencent Music Entertainment Group’s quarterly earnings growth was a positive 57.7% while revenue growth was a positive 5.5%.

Tencent Music Entertainment Group’s PE and PEG Ratio

Forward PE
18.1488
Trailing PE
18
PEG
1.3834

Its diluted EPS in the last 12-months stands at $0.39 per share while it has a forward price to earnings multiple of 18.1488 and a PEG multiple of 1.3834. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Tencent Music Entertainment Group’s profitability.

Tencent Music Entertainment Group stock is trading at a EV to sales ratio of 0.3956 and a EV to EBITDA ratio of 3.0012. Its price to sales ratio in the trailing 12-months stood at 0.4558.

Tencent Music Entertainment Group stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.

Balance sheet and cash flow metrics

Total Assets
$72.47 billion
Total Liabilities
$11.44 billion
Operating Cash Flow
$-528000000.00
Capital Expenditure
$0
Dividend Payout Ratio
0%

Tencent Music Entertainment Group ended 2024 with $72.47 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $72.47 billion while shareholder equity stood at $53.58 billion.

Tencent Music Entertainment Group ended 2024 with $0 in deferred long-term liabilities, $11.44 billion in other current liabilities, 2000000.00 in common stock, $14.50 billion in retained earnings and $19.54 billion in goodwill. Its cash balance stood at $12.95 billion and cash and short-term investments were $22.99 billion. The company’s total short-term debt was $122,000,000 while long-term debt stood at $5.75 billion.

Tencent Music Entertainment Group’s total current assets stands at $28.60 billion while long-term investments were $17.97 billion and short-term investments were $10.04 billion. Its net receivables were $2.46 billion compared to accounts payable of $5.22 billion and inventory worth $6.00 million.

In 2024, Tencent Music Entertainment Group's operating cash flow was $-528000000.00 while its capital expenditure stood at $0.

Comparatively, Tencent Music Entertainment Group paid $0 in dividends in 2024.

Other key metrics

Current Trading Price
$6.37
52-Week High
$9.29
52-Week Low
$3.14
Analyst Target Price
$9.6

Tencent Music Entertainment Group stock is currently trading at $6.37 per share. It touched a 52-week high of $9.29 and a 52-week low of $9.29. Analysts tracking the stock have a 12-month average target price of $9.6.

Its 50-day moving average was $6.77 and 200-day moving average was $7.56 The short ratio stood at 2.08 indicating a short percent outstanding of 0%.

Around 0% of the company’s stock are held by insiders while 4841.1% are held by institutions.

Frequently Asked Questions About Tencent Music Entertainment Group

The stock symbol (also called stock or share ticker) of Tencent Music Entertainment Group is TME

The IPO of Tencent Music Entertainment Group took place on 2018-12-12

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About

Tencent Music Entertainment Group operates online music entertainment platforms to provide 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 music in personalized ways; and WeSing, which enables users to sing from its library of karaoke songs and share their performances in audio or video formats with friends. The company also operates QQ Music, Kugou Music, Kuwo Music, WeSing, Kugou Live, and Kuwo Live that provides an interactive online stage for performers and users to showcase their talent and engage with a diverse audience base; and Lazy Audio, an audio platform. In addition, it sells music-related merchandise, including Kugou 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. The company is based in Shenzhen, China. Tencent Music Entertainment Group is a subsidiary of Tencent Holdings Limited.

Address

Building D, Shenzhen, China, 518057