Working with TipRanks
Follow Us
Stocks
ETFs
Options
Commodities
Crypto
Currency
Research Tools
Calendars
Economic Indicators
Calculators
Education
About Us
Working with TipRanks
Follow Us
Tencent Music Entertainment Group (GB:0A2Z)
LSE:0A2Z
RESEARCH TOOLSreports
Tencent Music Entertainment Group (0A2Z) Share Price & Analysis
5 Followers
0A2Z Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$5.70 - $12.00
Previous Close$9
Volume2.06K
Average Volume (3M)16.30K
Market Cap
$19.12B
Enterprise Value$10.76B
Total Cash (Recent Filing)¥15.62B
Total Debt (Recent Filing)¥5.96B
Price to Earnings (P/E)20.2
Beta-0.99
Next Earnings
May 13, 2024EPS Estimate
$0.13Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)0.45
Shares Outstanding1,716,077,131
10 Day Avg. Volume4,488
30 Day Avg. Volume16,300
Standard Deviation0.14
R-Squared0.13
Alpha0.06
Financial Highlights & Ratios
Price to Book (P/B)0.81
Price to Sales (P/S)1.65
Price to Cash Flow (P/CF)N/A
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$12.58Price Target Upside39.78% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering15
Tencent Music Entertainment Group News
PremiumCompany Announcements
Tencent Music Files 2023 Annual Financial Report
PremiumCompany Announcements
Tencent Music to Unveil Q1 2024 Financials
PremiumCompany Announcements
Tencent Music Announces Leadership Reshuffle
Bulls Say, Bears Say
Bulls Say
Earnings OutlookForecasted net profit growth of 17% in 2024 and 29% in 2025 presents a strong earnings outlook for TME.
Financial PerformanceAnticipated music revenue growth of 41% YoY suggests robust financial performance.
Stock ValuationTME is trading at lower P/E ratios compared to adjusted net profit estimates, hinting at a potentially undervalued stock.
Bears Say
EarningsA bear case scenario where music net adds fall below expectations could lead to a decline in stock price.
Financial ForecastSocial entertainment revenue expected to decrease by 53% YoY.
Revenue PerformanceSocial entertainment and others revenue declined due to stringent compliance procedures.
---
Ownership Overview
0.00%
Insiders
6.38% Mutual Funds
12.35% Other Institutional Investors
81.27% Public Companies and
Individual Investors
Website Traffic
The estimated number of people who visited one or more of the websites owned by Tencent Music Entertainment Group
Desktop Users
Mobile Users
0A2Z FAQ
What was Tencent Music Entertainment Group’s price range in the past 12 months?
Tencent Music Entertainment Group lowest share price was $5.70 and its highest was $12.00 in the past 12 months.
What is Tencent Music Entertainment Group’s market cap?
Currently, no data Available
When is Tencent Music Entertainment Group’s upcoming earnings report date?
Tencent Music Entertainment Group’s upcoming earnings report date is May 13, 2024 which is in 24 days.
How were Tencent Music Entertainment Group’s earnings last quarter?
Tencent Music Entertainment Group released its earnings results on Mar 19, 2024. The company reported $0.115 earnings per share for the quarter, missing the consensus estimate of $0.125 by -$0.01.
Is Tencent Music Entertainment Group overvalued?
According to Wall Street analysts Tencent Music Entertainment Group’s price is currently Undervalued.
Does Tencent Music Entertainment Group pay dividends?
Tencent Music Entertainment Group does not currently pay dividends.
What is Tencent Music Entertainment Group’s EPS estimate?
Tencent Music Entertainment Group’s EPS estimate is $0.13.
How many shares outstanding does Tencent Music Entertainment Group have?
Tencent Music Entertainment Group has 858,507,570 shares outstanding.
What happened to Tencent Music Entertainment Group’s price movement after its last earnings report?
Tencent Music Entertainment Group reported an EPS of $0.115 in its last earnings report, missing expectations of $0.125. Following the earnings report the stock price went same 0%.
Which hedge fund is a major shareholder of Tencent Music Entertainment Group?
Among the largest hedge funds holding Tencent Music Entertainment Group’s share is Driehaus Capital Management LLC. It holds Tencent Music Entertainment Group’s shares valued at 36M.
---
Tencent Music Entertainment Group Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Strong Buy
Average Price Target:
$12.58 (39.78% Upside)
$12.58 (39.78% Upside)
Blogger Sentiment
Bullish
GB:0A2Z Sentiment 100%
Sector Average 66%
Sector Average 66%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
40.34%
12-Months-Change
Fundamentals
Return on Equity
9.38%
Trailing 12-Months
Asset Growth
10.49%
Trailing 12-Months
Company Description
Tencent Music Entertainment Group
Incorporated in 2012, China-based Tencent Music Entertainment Group is an online music entertainment platform that provides music streaming, online karaoke, and live streaming services services. The company is a subsidiary of Tencent Holdings Limited.
---
0A2Z Earnings Call
Q4 2024
0:00 / 0:00
---
0A2Z Stock 12 Months Forecast
Average Price Target
$12.58
▲(39.78% Upside)
Technical Analysis
Tencent Music Entertainment Group
―
Spotify Technology SA
―
Sirius XM Holdings
―
Live Nation Entertainment
―
Netflix
―
Best Analysts Covering 0A2Z
1 Year
1 Year Success Rate
6/6 ratings generated profit
1 Year Average Return
+31.35%
reiterated a buy rating last month
Copying Wei Fang's trades and holding each position for 1 Year would result in 100.00% of your transactions generating a profit, with an average return of +31.35% per trade.
---