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Tencent Music Entertainment Group (TME)

Stock Price: $14.59 USD -0.42 (-2.77%)
Updated Oct 28, 2020 3:22 PM EDT - Market open

Stock Price Chart

Key Info

Market Cap 24.78B
Revenue (ttm) 3.63B
Net Income (ttm) 3.98B
Shares Out 662.17M
EPS (ttm) 0.32
PE Ratio 45.58
Forward PE 26.88
Dividend n/a
Dividend Yield n/a

Stock Quote

Trading Day Oct 28, 2020
Last Price $14.59
Previous Close $15.00
Change ($) -0.42
Change (%) -2.77%
Day's Open 14.75
Day's Range 14.14 - 14.75
Day's Volume 9,729,932
52-Week Range 9.22 - 17.97

More Stats

Market Cap 24.78B
Enterprise Value 21.59B
Earnings Date (est) Nov 10, 2020
Ex-Dividend Date n/a
Shares Outstanding 662.17M
Float 661.69M
EPS (basic) n/a
EPS (diluted) 0.32
FCF / Share 0.45
Dividend n/a
Dividend Yield n/a
Earnings Yield 2.19%
FCF Yield 3.51%
Payout Ratio n/a
Shares Short 66.47M
Short Ratio 8.86
Short % of Float 10.05%
Beta n/a
PE Ratio 45.58
Forward PE 26.88
P/FCF Ratio 28.47
PS Ratio 6.82
PB Ratio 3.35
Revenue 3.63B
Operating Income 572.43M
Net Income 3.98B
Free Cash Flow 870.43M
Net Cash 3.19B
Net Cash / Share 1.88
Gross Margin 34.10%
Operating Margin 15.75%
Profit Margin 15.70%
FCF Margin 23.96%
ROA 4.59%
ROE 8.62%
ROIC 74.90%
Key stats in USD, based on trailing-twelve-month (ttm) numbers.

Analyst Forecasts

Analyst Ratings (26)

Buy 19
Overweight 2
Hold 5
Underweight 0
Sell 0

Analyst Consensus: Buy

Price Target

$17.76*
(21.77% upside)
Low
13.0
Current: $14.59
High
20.1
Target: 17.76
*Average 12-month USD price target from 24 stock analysts.

Financial Performance

Financial numbers in millions CNY.

Financial Overview

Year2019201820172016
Revenue25,43418,98510,9814,361
Revenue Growth33.97%72.89%151.8%-
Gross Profit8,6737,2773,8101,232
Operating Income4,0071,7571,50071.00
Net Income3,9821,8331,32682.00
Shares Outstanding3,8763,2713,2713,271
Earnings Per Share2.381.161.000.08
EPS Growth105.17%16%1150%-
Operating Cash Flow6,1885,6042,614908
Capital Expenditures-95.00-132-75.00-41.00
Free Cash Flow6,0935,4722,539867
Cash & Equivalents22,47017,4375,1743,332
Total Debt147---
Net Cash / Debt22,32317,4375,1743,332
Assets52,67844,60530,00023,535
Liabilities9,0006,8333,8522,901
Book Value43,59037,72126,14120,625
Numbers in millions CNY, except per-share numbers.

Company Profile

Company Details

Full Name Tencent Music Entertainment Group
Country China
Employees 3,610
CEO Kar Shun Pang

Stock Information

Ticker Symbol TME
Stock Exchange New York Stock Exchange
Sector Communication Services
Industry Internet Content & Information
Unique Identifier NYSE: TME
IPO Date December 12, 2018

Description

Tencent Music Entertainment Group operates online music entertainment platforms that provides 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 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. In addition, it sells music-related merchandise, including Kugou M1 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 CoMix Wave Films. The company was formerly known as China Music Corporation. The company was incorporated in 2012 and is headquartered in Shenzhen, China. Tencent Music Entertainment Group is a subsidiary of Tencent Holdings Limited.