Tencent Music Entertainment Stock Current Asset
| TME Stock | USD 12.55 0.35 2.71% |
Tencent Music Entertainment fundamentals help investors to digest information that contributes to Tencent Music's financial success or failures. It also enables traders to predict the movement of Tencent Stock. The fundamental analysis module provides a way to measure Tencent Music's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Tencent Music stock.
As of May 1, 2024, Non Current Assets Total is expected to decline to about 34.9 B. In addition to that, Other Current Assets is expected to decline to about 54.1 M. Tencent | Current Asset |
Tencent Music Entertainment Company Current Asset Analysis
Tencent Music's Current Asset is all of the company's assets that can be used to pay off current liabilities within the current fiscal period or over the next 12 months. Current Asset includes cash or cash equivalents, accounts receivable, short-term investments, and the portion of prepaid liabilities which will be paid within the next 12 months. Because these assets are easily turned into cash, they are sometimes referred to as liquid assets.
Tencent Current Asset Historical Pattern
Today, most investors in Tencent Music Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Tencent Music's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's current asset growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Tencent Music current asset as a starting point in their analysis.
Tencent Music Current Asset |
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Current Asset is important to company's creditors and private equity firms as they will often be interested in how much that company has in current assets since these assets can be easily liquidated in case the company goes bankrupt. However, it is usually not enough to know if a company is in good shape just based on current asset alone; the amount of current liabilities should always be considered.
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Tencent Total Assets
Total Assets |
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In accordance with the recently published financial statements, Tencent Music Entertainment has a Current Asset of 0.0. This is 100.0% lower than that of the Entertainment sector and about the same as Communication Services (which currently averages 0.0) industry. The current asset for all United States stocks is 100.0% higher than that of the company.
Tencent Music Current Valuation Drivers
We derive many important indicators used in calculating different scores of Tencent Music from analyzing Tencent Music's financial statements. These drivers represent accounts that assess Tencent Music's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Tencent Music's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 133.7B | 208.0B | 72.5B | 91.5B | 101.5B | 144.8B | |
| Enterprise Value | 118.4B | 202.4B | 71.2B | 87.9B | 94.0B | 136.7B |
Tencent Fundamentals
| Return On Equity | 0.0982 | ||||
| Return On Asset | 0.0438 | ||||
| Profit Margin | 0.18 % | ||||
| Operating Margin | 0.21 % | ||||
| Current Valuation | 23.84 B | ||||
| Shares Outstanding | 1.72 B | ||||
| Shares Owned By Institutions | 50.99 % | ||||
| Number Of Shares Shorted | 21 M | ||||
| Price To Earning | 15.09 X | ||||
| Price To Book | 2.52 X | ||||
| Price To Sales | 0.73 X | ||||
| Revenue | 27.75 B | ||||
| Gross Profit | 8.77 B | ||||
| EBITDA | 7.18 B | ||||
| Net Income | 6.04 B | ||||
| Cash And Equivalents | 9.55 B | ||||
| Cash Per Share | 13.27 X | ||||
| Total Debt | 6.05 B | ||||
| Debt To Equity | 0.12 % | ||||
| Current Ratio | 2.33 X | ||||
| Book Value Per Share | 36.03 X | ||||
| Cash Flow From Operations | 7.34 B | ||||
| Short Ratio | 2.92 X | ||||
| Earnings Per Share | 0.44 X | ||||
| Price To Earnings To Growth | 1.46 X | ||||
| Target Price | 12.4 | ||||
| Number Of Employees | 5.18 K | ||||
| Beta | 0.82 | ||||
| Market Capitalization | 22.14 B | ||||
| Total Asset | 75.54 B | ||||
| Retained Earnings | 16.97 B | ||||
| Working Capital | 17.92 B | ||||
| Net Asset | 75.54 B |
About Tencent Music Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Tencent Music Entertainment's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Tencent Music using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Tencent Music Entertainment based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Tencent Music Investors Sentiment
The influence of Tencent Music's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Tencent. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Tencent Music's public news can be used to forecast risks associated with an investment in Tencent. The trend in average sentiment can be used to explain how an investor holding Tencent can time the market purely based on public headlines and social activities around Tencent Music Entertainment. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Tencent Music's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Tencent Music's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Tencent Music's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Tencent Music.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Tencent Music in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Tencent Music's short interest history, or implied volatility extrapolated from Tencent Music options trading.
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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 Tencent Music Piotroski F Score and Tencent Music Altman Z Score analysis. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
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 0.44 | 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.