Tencent Music Entertainment Stock Today
| TME Stock | USD 12.53 0.21 1.70% |
Performance16 of 100
| Odds Of DistressLess than 9
|
Tencent Music is trading at 12.53 as of the 24th of April 2024, a 1.70 percent increase since the beginning of the trading day. The stock's lowest day price was 12.41. Tencent Music has less than a 9 % chance of experiencing financial distress in the next few years and had a solid performance during the last 90 days. Equity ratings for Tencent Music Entertainment are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of March 2024 and ending today, the 24th of April 2024. Click here to learn more.
Business Domain Media & Entertainment | IPO Date 12th of December 2018 | Category Communication Services |
Tencent Music Entertainment Group operates online music entertainment platforms to provide music streaming, online karaoke, and live streaming services in the Peoples Republic of China. Tencent Music Entertainment Group is a subsidiary of Tencent Holdings Limited. The company has 1.72 B outstanding shares of which 21 M shares are at this time shorted by investors with about 2.11 days to cover. More on Tencent Music Entertainment
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Follow Valuation Options Odds of Bankruptcy
Financial Report 21st of May 2024
Tencent Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Tencent Music's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Tencent Music or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO | Zhu Liang | ||||
| Thematic Ideas | (View all Themes) | ||||
| Old Name | Trade Me Group Limited | ||||
| Business Concentration | Movies & Entertainment, Internet Content & Information, Communication Services, NYSE Composite, Music and Video, Communication, Communication Services, Entertainment, Internet Content & Information, Communication Services (View all Sectors) | ||||
| Average Analyst Recommendation Analysts covering Tencent Music report their recommendations after researching Tencent Music's financial statements, talking to executives and customers, or listening in on Tencent Music's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Tencent Music Entert. The Tencent consensus assessment is calculated by taking the average forecast from all of the analysts covering Tencent Music. | |||||
Tencent Music's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Tencent Music's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | |||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Tencent Music's financial leverage. It provides some insight into what part of Tencent Music's total assets is financed by creditors.
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Tencent Music Entertainment (TME) is traded on New York Stock Exchange in USA. It is located in Building D, Shenzhen, China, 518057 and employs 5,185 people. Tencent Music is listed under Movies & Entertainment category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a total capitalization of 21.14 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Tencent Music's market, we take the total number of its shares issued and multiply it by Tencent Music's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Tencent Music Entert runs under Entertainment sector within Communication Services industry. The entity has 1.72 B outstanding shares of which 21 M shares are at this time shorted by investors with about 2.11 days to cover.
Tencent Music Entertainment has about 9.55 B in cash with 7.34 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 13.27, which can makes it an attractive takeover target, given it will continue generating positive cash flow.
Check Tencent Music Probability Of Bankruptcy
Ownership AllocationTencent Music Entert shows a total of 1.72 Billion outstanding shares. Over half of Tencent Music's outstanding shares are owned by institutional holders. These institutional holders are typically referred to as corporate investors that take positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulations than regular investors in Tencent Music Entert. Please watch out for any change in the institutional holdings of Tencent Music as this could mean something significant has changed or is about to change at the company. Please note that no matter how many assets the company owns, if the real value of the company is less than the current market value, you may not be able to make money on it.
Check Tencent Ownership Details
Tencent Stock Price Odds Analysis
What are Tencent Music's target price odds to finish over the current price? Based on a normal probability distribution, the odds of Tencent Music jumping above the current price in 90 days from now is about 1.36%. The Tencent Music Entertainment probability density function shows the probability of Tencent Music stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 1.8585. This usually implies as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Tencent Music will likely underperform. Additionally, tencent Music Entertainment has an alpha of 0.4283, implying that it can generate a 0.43 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Tencent Music to move above the current price in 90 days from now is about 1.36 (This Tencent Music Entertainment probability density function shows the probability of Tencent Stock to fall within a particular range of prices over 90 days) .
Tencent Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Tencent Music that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Tencent Music's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Tencent Music's value.| Instituion | Recorded On | Shares | |
| Hsbc Holdings Plc | 2023-12-31 | 10.1 M | |
| Allspring Global Investments Holdings, Llc | 2023-12-31 | 9.1 M | |
| Aspex Management (hk) Ltd | 2023-12-31 | 9.1 M | |
| Wellington Management Company Llp | 2023-12-31 | 8.4 M | |
| Renaissance Technologies Corp | 2023-12-31 | 7.4 M | |
| Legal & General Group Plc | 2023-12-31 | 6.2 M | |
| Dimensional Fund Advisors, Inc. | 2023-12-31 | 6.1 M | |
| Morgan Stanley - Brokerage Accounts | 2023-12-31 | 5.4 M | |
| Coronation Fund Managers Ltd | 2023-12-31 | 5 M | |
| Blackrock Inc | 2023-12-31 | 41.3 M | |
| Goldman Sachs Group Inc | 2023-12-31 | 27.7 M |
Tencent Music Historical Income Statement
Tencent Music Entertainment Income Statement is one of the three primary financial statements used for reporting Tencent's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Tencent Music Entert revenue and expense. Tencent Music Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, Tencent Music's Depreciation And Amortization is projected to increase significantly based on the last few years of reporting. The current year's Selling And Marketing Expenses is expected to grow to about 1.7 B, whereas Net Interest Income is forecasted to decline to about 470.7 M. View More FundamentalsTencent Stock Against Markets
Picking the right benchmark for Tencent Music stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Tencent Music stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Tencent Music is critical whether you are bullish or bearish towards Tencent Music Entertainment at a given time. Please also check how Tencent Music's historical prices are related to one of the top price index indicators.
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Our tools can tell you how much better you can do entering a position in Tencent Music without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Tencent Music Corporate Management
Elected by the shareholders, the Tencent Music's board of directors comprises two types of representatives: Tencent Music inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Tencent. The board's role is to monitor Tencent Music's management team and ensure that shareholders' interests are well served. Tencent Music's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Tencent Music's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Tao Tong | Chairman of the Board | Profile | |
| Lixue Shi | Group Vice President - Kuwo | Profile | |
| TakWai Wong | Independent Director | Profile | |
| Cheuk Yip | Chief Strategy Officer, Head of Ultimate Music | Profile | |
| Liang Tang | Independent Director | Profile |
How to buy Tencent Stock?
Before investing in Tencent Music, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Tencent Music. To buy Tencent Music stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Tencent Music. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Tencent Music stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Tencent Music Entertainment stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Tencent Music Entertainment stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Tencent Music Entertainment, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Tencent Stock please use our How to Invest in Tencent Music guide.
Already Invested in Tencent Music Entertainment?
The danger of trading Tencent Music Entertainment is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Tencent Music is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Tencent Music. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Tencent Music Entert is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Tencent Music Entert is a strong investment it is important to analyze Tencent Music's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Tencent Music's future performance. For an informed investment choice regarding Tencent Stock, refer to the following important reports: Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tencent Music Entertainment. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Tencent Stock analysis
When running Tencent Music's price analysis, check to measure Tencent Music's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Tencent Music is operating at the current time. Most of Tencent Music's value examination focuses on studying past and present price action to predict the probability of Tencent Music's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tencent Music's price. Additionally, you may evaluate how the addition of Tencent Music to your portfolios can decrease your overall portfolio volatility.
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Is Tencent Music's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Tencent Music. If investors know Tencent will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Tencent Music listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.139 | Earnings Share 0.43 | Revenue Per Share 17.78 | Quarterly Revenue Growth (0.07) | Return On Assets 0.0438 |
The market value of Tencent Music Entert is measured differently than its book value, which is the value of Tencent that is recorded on the company's balance sheet. Investors also form their own opinion of Tencent Music's value that differs from its market value or its book value, called intrinsic value, which is Tencent Music's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Tencent Music's market value can be influenced by many factors that don't directly affect Tencent Music's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Tencent Music's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tencent Music is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tencent Music's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.