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Communication Services - Internet Content & Information - NYSE - CN
$ 11.07
2.41 %
$ 18.7 B
Market Cap
22.59
P/E
1. INTRINSIC VALUE

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 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 Music, Kuwo Music, WeSing, QQ Music, 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; and Kuwo Changting, an audio platform that offers users various audio content, including audio books, cross-talks, radio dramas, and other entertainment.[ Read More ]

The intrinsic value of one TME stock under the base case scenario is HIDDEN Compared to the current market price of 11.1 USD, Tencent Music Entertainment Group is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart TME

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FINANCIALS
27.8 B REVENUE
-2.07%
6.06 B OPERATING INCOME
36.37%
6.04 B NET INCOME
38.23%
7.34 B OPERATING CASH FLOW
-1.92%
-1.86 B INVESTING CASH FLOW
-28.84%
-1.54 B FINANCING CASH FLOW
55.02%
7.16 B REVENUE
5.79%
2.2 B OPERATING INCOME
12.20%
1.68 B NET INCOME
0.00%
2.94 B OPERATING CASH FLOW
9.61%
693 M INVESTING CASH FLOW
112.60%
-1.61 B FINANCING CASH FLOW
-208.62%
Balance Sheet Decomposition Tencent Music Entertainment Group
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Current Assets 29.9 B
Cash & Short-Term Investments 23.5 B
Receivables 3.1 B
Other Current Assets 3.3 B
Non-Current Assets 45.6 B
Long-Term Investments 19.8 B
PP&E 857 M
Other Non-Current Assets 24.9 B
Current Liabilities 12 B
Accounts Payable 5.01 B
Short-Term Debt 115 M
Other Current Liabilities 6.89 B
Non-Current Liabilities 6.32 B
Long-Term Debt 5.93 B
Other Non-Current Liabilities 387 M
EFFICIENCY
Earnings Waterfall Tencent Music Entertainment Group
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Revenue 27.8 B
Cost Of Revenue 18 B
Gross Profit 9.8 B
Operating Expenses 3.74 B
Operating Income 6.06 B
Other Expenses 14 M
Net Income 6.04 B
RATIOS
35.29% GROSS MARGIN
35.29%
21.83% OPERATING MARGIN
21.83%
17.73% NET MARGIN
17.73%
8.80% ROE
8.80%
6.51% ROA
6.51%
8.50% ROIC
8.50%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Tencent Music Entertainment Group
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Net Income 6.04 B
Depreciation & Amortization 1 B
Capital Expenditures -1.16 B
Stock-Based Compensation 649 M
Change in Working Capital 786 M
Others -216 M
Free Cash Flow 6.17 B
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Tencent Music Entertainment Group
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Wall Street analysts predict an average 1-year price target for TME of $13.5 , with forecasts ranging from a low of $10.4 to a high of $17 .
TME Lowest Price Target Wall Street Target
10.4 USD -6.05%
TME Average Price Target Wall Street Target
13.5 USD 21.77%
TME Highest Price Target Wall Street Target
17 USD 53.57%
4. DIVIDEND ANALYSIS
0.00% DIVIDEND YIELD
0.137 USD DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership Tencent Music Entertainment Group
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Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
Date Value Insider Amount Avg Price
7. News
Here's Why Tencent Music Entertainment Group (TME) is Poised for a Turnaround After Losing -12.04% in 4 Weeks The heavy selling pressure might have exhausted for Tencent Music Entertainment Group (TME) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal. zacks.com - 2 days ago
Tencent Music Entertainment Group (TME) Q3 2024 Earnings Call Transcript Tencent Music Entertainment Group (NYSE:TME ) Q3 2024 Earnings Conference Call November 12, 2024 6:00 AM ET Company Participants Millicent Tu - Head of Investor Relations Cussion Pang - Executive Chairman Ross Liang - Chief Executive Officer Shirley Hu - Chief Financial Officer Conference Call Participants Yang Liu - Morgan Stanley Lincoln Kong - Goldman Sachs Group, Inc. Alicia Yap - Citigroup Inc. Lei Zhang - Bank of America Merrill Lynch Fang Wei - Mizuho Securities USA Wei Xiong - UBS Maggie Ye - CLSA Thomas Chong - Jefferies Millicent Tu Good evening, good morning, and welcome to Tencent Music Entertainment Group's Third Quarter 2024 Earnings Conference Call. I'm Millicent Tu, Head of IR. seekingalpha.com - 3 days ago
Tencent Music users tune out of karaoke, live streaming services China's Spotify analogue Tencent Music Entertainment Group posted 6.8% increase in total revenues for the third quarter of 2024, hitting 7.02 billion Chinese yuan (around US$1 billion). TME attributed the increase to higher music subscriptions, although this was partially offset by lower revenues from “social entertainment services and others”. proactiveinvestors.com - 4 days ago
Tencent Music Entertainment misses quarterly revenue estimates Tencent Music Entertainment missed quarterly revenue estimates on Tuesday, as Beijing's crackdown on online gambling continues to impact its social entertainment segment. reuters.com - 4 days ago
3 Reasons Why Growth Investors Shouldn't Overlook Tencent Music Entertainment Group (TME) Tencent Music Entertainment Group (TME) possesses solid growth attributes, which could help it handily outperform the market. zacks.com - 1 week ago
TME vs. TTGT: Which Stock Is the Better Value Option? Investors looking for stocks in the Internet - Content sector might want to consider either Tencent Music Entertainment Group Sponsored ADR (TME) or TechTarget (TTGT). But which of these two stocks presents investors with the better value opportunity right now? zacks.com - 1 week ago
Wall Street Analysts Believe Tencent Music Entertainment Group (TME) Could Rally 26.83%: Here's is How to Trade The consensus price target hints at a 26.8% upside potential for Tencent Music Entertainment Group (TME). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term. zacks.com - 3 weeks ago
3 Reasons Why Growth Investors Shouldn't Overlook Tencent Music Entertainment Group (TME) Tencent Music Entertainment Group (TME) is well positioned to outperform the market, as it exhibits above-average growth in financials. zacks.com - 3 weeks ago
TME or TTGT: Which Is the Better Value Stock Right Now? Investors interested in stocks from the Internet - Content sector have probably already heard of Tencent Music Entertainment Group Sponsored ADR (TME) and TechTarget (TTGT). But which of these two stocks offers value investors a better bang for their buck right now? zacks.com - 3 weeks ago
Tencent Music Entertainment Group Inks Strategic Partnership with Galaxy Corporation Expanding TME's Global Footprint to Elevate International Music Experiences  SHENZHEN, China , Oct. 17, 2024 /PRNewswire/ -- Tencent Music Entertainment Group (TME) today announced a strategic partnership with Galaxy Corporation, the agency representing the influential global musician G-Dragon, for his upcoming regional tour. The collaboration marks a significant step forward in TME's ambitions to expand its global presence and further solidify its position in the international music scene. prnewswire.com - 4 weeks ago
Many Things To Like About Tencent Music Entertainment I maintain a Buy rating for Tencent Music Entertainment, taking into consideration the multiple positives for the stock. TME's online music services revenue is resilient despite China's economic slowdown. The introduction of the new higher-priced Super VIP plan is expected to enhance ARPPU and drive future revenue growth for TME. seekingalpha.com - 1 month ago
3 Key Stocks to Ride China's Stimulus-Driven Growth China's economy has struggled in recent months amid a depressed level of consumer confidence and a devastating housing bust coupled with weak credit demand. Late in September—just after the U.S. Federal Reserve announced its first federal funds rate cut in several years—the People's Bank of China unveiled a three-part monetary stimulus program to reduce reserve requirement ratios (the amount of cash banks are required to keep on hand), mortgage rates and down payment requirements, and more. benzinga.com - 1 month ago
3 Key Stocks to Ride China's Stimulus-Driven Growth China's economy has struggled in recent months amid a depressed level of consumer confidence and a devastating housing bust coupled with weak credit demand. Late in September—just after the U.S. Federal Reserve announced its first federal funds rate cut in several years—the People's Bank of China unveiled a three-part monetary stimulus program to reduce reserve requirement ratios (the amount of cash banks are required to keep on hand), mortgage rates and down payment requirements, and more. benzinga.com - 1 month ago
8. Profile Summary

Tencent Music Entertainment Group TME

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COUNTRY CN
INDUSTRY Internet Content & Information
MARKET CAP $ 18.7 B
Dividend Yield 0.00%
Description 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 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 Music, Kuwo Music, WeSing, QQ Music, 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; and Kuwo Changting, an audio platform that offers users various audio content, including audio books, cross-talks, radio dramas, and other entertainment. 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. Tencent Music Entertainment Group has a strategic partnership with China Literature. The company is headquartered in Shenzhen, China. Tencent Music Entertainment Group is a subsidiary of Tencent Holdings Limited.
Contact Building D, Shenzhen, 518057 https://www.tencentmusic.com
IPO Date Dec. 12, 2018
Employees 5185
Officers Mr. Zhu Liang Chief Executive Officer & Director Ms. Min Hu Chief Financial Officer & Director Mr. Tsai Chun Pan Group Vice President & Head of Content Cooperation Business Millicent T. Head of IR Mr. Kar Shun Pang Executive Chairman