TME:NYE-Tencent Music Entertainment Group (USD)

COMMON STOCK | Internet Content & Information |

Last Closing

USD 11.89

Change

+0.14 (+1.19)%

Market Cap

USD 20.27B

Volume

2.02M

Analyst Target

USD 18.04
Analyst Rating

Verdict

ducovest Verdict

Verdict

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; long-form audio content, including audiobooks, podcasts and talk shows, as well as music-oriented video content comprising music videos, live performances, and short videos; and WeSing, which enables users to sing along from its library of karaoke songs and share their performances in audio or video formats with friends. The company also delivers music-centric live streaming services primarily through the Live Streaming tab on 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; and artist-related merchandise, such as branded apparel, posters and art prints, and accessories and integrated and technology-driven music solutions that help IoT device manufacturers build and operate their branded music services on their IoT devices, as well as offers advertising services across its online karaoke platform and online music apps. The company is headquartered in Shenzhen, China. Tencent Music Entertainment Group is a subsidiary of Tencent Holdings Limited.

Unadjusted Closing Price

Adjusted Closing Price

Share Volume

Relative Performance (Total Returns)

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Relative Returns (From:    To: 2024-12-24 )

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ETFs Containing TME

3117:HK Global X Exchange Traded .. 12.37 % 0.00 %

N/A

USD 8.21M
CGRO Tidal Trust II 6.10 % 0.00 %

+0.22 (+0.11%)

USD 7.57M
PCCE Litman Gregory Funds Trus.. 4.79 % 0.00 %

+0.12 (+0.11%)

N/A
CQQQ:SW UBS ETF - Solactive China.. 2.30 % 0.00 %

N/A

N/A
CHTE:LSE UBS ETF - Solactive China.. 1.95 % 0.00 %

+5.98 (+0.11%)

USD 0.02B
UIC1:XETRA UBS ETF - Solactive China.. 1.92 % 0.00 %

N/A

USD 5.30M
CQQQ Invesco China Technology .. 0.00 % 0.70 %

+0.07 (+0.11%)

USD 0.70B
PGJ Invesco Golden Dragon Chi.. 0.00 % 0.70 %

+0.16 (+0.11%)

USD 0.15B
GENY 0.00 % 0.45 %

N/A

N/A
SUBZ 0.00 % 0.00 %

N/A

N/A
EWEB 0.00 % 0.00 %

N/A

N/A
UIC2:F UBS ETF - Solactive China.. 0.00 % 0.00 %

N/A

N/A
UIC2:XETRA UBS ETF - Solactive China.. 0.00 % 0.00 %

N/A

USD 0.02B
CBUK:XETRA iShares MSCI China Tech U.. 0.00 % 0.00 %

N/A

N/A
EMC Global X Funds 0.00 % 0.00 %

+0.03 (+0.11%)

USD 0.11B

Market Performance

  Market Performance vs. Industry/Classification (Internet Content & Information) Market Performance vs. Exchange
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain 31.96% 74% C 87% B+
Dividend Return N/A N/A N/A N/A N/A
Total Return 31.96% 74% C 86% B+
Trailing 12 Months  
Capital Gain 37.94% 74% C 90% A-
Dividend Return N/A N/A N/A N/A N/A
Total Return 37.94% 74% C 89% A-
Trailing 5 Years  
Capital Gain -1.41% 55% F 47% F
Dividend Return N/A N/A N/A N/A N/A
Total Return -1.41% 55% F 26% F
Average Annual (5 Year Horizon)  
Capital Gain 17.99% 63% D 79% B-
Dividend Return 17.99% 58% F 76% C+
Total Return N/A N/A N/A N/A N/A
Risk Return Profile  
Volatility (Standard Deviation) 62.49% 58% F 15% F
Risk Adjusted Return 28.78% 79% B- 43% F
Market Capitalization 20.27B 95% A 91% A-

Annual Financials (USD)

Quarterly Financials (USD)

Analyst Rating

Target Price Action Rating Action Analyst Rating Price Date

This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.

What to like:
Superior risk adjusted returns

This stock has performed well, on a risk adjusted basis, compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile.

Low debt

The company is less leveraged than its peers ,, and is among the top quartile, which makes it more flexible. However, do check the news and look at its sector. Sometimes this is low because the company is not growing and has no growth potential.

Superior return on assets

The company management has delivered better return on assets in the most recent 4 quarters than its peers, placing it in the top quartile.

Superior capital utilization

The company management has delivered better return on invested capital in the most recent 4 quarters than its peers, placing it in the top quartile.

Superior return on equity

The company management has delivered better return on equity in the most recent 4 quarters than its peers, placing it in the top quartile.

High market capitalization

This is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.

Positive cash flow

The company had positive total cash flow in the most recent four quarters.

Positive free cash flow

The company had positive total free cash flow in the most recent four quarters.

Superior Earnings Growth

This stock has shown top quartile earnings growth in the previous 5 years compared to its sector.

What to not like:
Overpriced on free cash flow basis

The stock is trading high compared to its peers on a price to free cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.