Tencent Music Entertainment Stock Today

TME Stock  USD 11.41  0.10  0.87%   

Performance

4 of 100

 
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Strong
Insignificant

Odds Of Distress

Less than 9

 
High
 
Low
Low
Tencent Music is trading at 11.41 as of the 2nd of December 2024, a 0.87% down since the beginning of the trading day. The stock's lowest day price was 11.31. Tencent Music has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat insignificant 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 3rd of October 2024 and ending today, the 2nd of December 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 857.15 M outstanding shares of which 20.76 M shares are at this time shorted by investors with about 3.23 days to cover. More on Tencent Music Entertainment

Moving together with Tencent Stock

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Moving against Tencent Stock

  0.43EVER EverQuote Class APairCorr

Tencent Stock Highlights

ESG Sustainability
Environmental
Governance
Social
CEOZhu Liang
Thematic Ideas
(View all Themes)
Old NameTrade Me Group Limited
Business ConcentrationMovies & 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
Debt Levels
Tencent Music can leverage 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.
Liquidity
Tencent Music Entertainment has 6.05 B in debt with debt to equity (D/E) ratio of 0.12, which may show that the company is not taking advantage of profits from borrowing. Tencent Music Entert has a current ratio of 2.28, demonstrating that it is liquid and is capable to disburse its financial commitments when the payables are due. Note however, debt could still be an excellent tool for Tencent to invest in growth at high rates of return.

Change To Inventory

7.35 Million
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 19.06 B. Tencent Music Entert runs under Entertainment sector within Communication Services industry. The entity has 857.15 M outstanding shares of which 20.76 M shares are at this time shorted by investors with about 3.23 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 Allocation
Tencent Music Entert shows a total of 857.15 Million 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. 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 Institutional Holders

InstituionRecorded OnShares
Norges Bank2024-06-30
6.6 M
Legal & General Group Plc2024-09-30
6.4 M
Federated Hermes Inc2024-09-30
6.2 M
Allspring Global Investments Holdings, Llc2024-09-30
M
Fmr Inc2024-09-30
M
Manufacturers Life Insurance Co2024-09-30
M
Citigroup Inc2024-09-30
5.7 M
Coronation Fund Managers Ltd2024-09-30
5.7 M
Nuveen Asset Management, Llc2024-09-30
5.6 M
Schroder Investment Management Group2024-09-30
59.1 M
Blackrock Inc2024-06-30
31.3 M
View Tencent Music Diagnostics

Tencent Music Historical Income Statement

At present, Tencent Music's Selling And Marketing Expenses is projected to increase significantly based on the last few years of reporting. The current year's Total Operating Expenses is expected to grow to about 4.6 B, whereas Net Interest Income is forecasted to decline to about 470.7 M. View More Fundamentals

Tencent Stock Against Markets

Tencent Music Corporate Management

Tao TongChairman of the BoardProfile
Lixue ShiGroup Vice President - KuwoProfile
TakWai WongIndependent DirectorProfile
Cheuk YipChief Strategy Officer, Head of Ultimate MusicProfile
Liang TangIndependent DirectorProfile
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 closely tied with the direction of predictive economic indicators such as signals in population.
You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Is Movies & Entertainment space 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
0.351
Earnings Share
0.49
Revenue Per Share
18.009
Quarterly Revenue Growth
0.068
Return On Assets
0.0543
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.