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1698 Stock Chart & Stats
HK$36.50
HK$1.96(5.37%)
At close: 4:00 PM EDT
HK$36.50
HK$1.96(5.37%)
Day’s Range― - ―
52-Week RangeHK$31.16 - HK$104.00
Previous CloseN/A
Volume1.89M
Average Volume (3M)950.24K
Market Cap
HK$110.39B
Enterprise ValueHK$93.97K
Total Cash (Recent Filing)HK$26.67B
Total Debt (Recent Filing)HK$4.83B
Price to Earnings (P/E)11.5
Beta1.29
Next Earnings
Aug 11, 2026EPS Estimate
0.9Next Dividend Ex-DateN/A
Dividend Yield2.44%
Share Statistics
EPS (TTM)2.87
Shares Outstanding1,482,859,700
10 Day Avg. Volume903,442
30 Day Avg. Volume950,242
Financial Highlights & Ratios
PEG Ratio0.28
Price to Book (P/B)2.37
Price to Sales (P/S)5.93
P/FCF Ratio19.25
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$54.69Price Target Upside49.83% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering10
EPS Forecast (FY)3.49
Revenue Forecast (FY)HK$41.06B
Bulls Say, Bears Say
Bulls Say
Balance-sheet StrengthTencent Music's very low and improving leverage provides durable financial flexibility. With debt-to-equity falling to ~0.05 in 2025 and staying low in TTM, the company can fund content licensing, product investment or opportunistic M&A without stressing liquidity, improving downside resilience.
High And Historically Improving MarginsMargin expansion over multiple years shows structural improvement in monetization and operating leverage. Even with some TTM softening, gross and net margins remain well above historical levels, supporting sustained cash generation capacity and the ability to reinvest in content and product features.
Diversified, Growing Revenue BaseDouble-digit revenue growth plus dual revenue engines (subscriptions/ads and social entertainment spending) create multiple durable monetization paths. This mix supports user monetization resilience: subscription stickiness and social spending complement each other across user cycles.
Bears Say
Cash-conversion QualityOperating cash flow persistently lags reported net income and free cash flow growth turned negative in the TTM. This weakens earnings quality and reduces reliably available cash for buybacks, dividends or heavy licensing payouts, raising execution risk if margins or revenue soften.
Revenue Growth VolatilityInconsistent top-line trajectories complicate long-range planning and make future cash flows less predictable. Volatility may reflect sensitivity to consumer spending, advertising cycles or episodic content-driven engagement, increasing forecasting and allocation risks for product investment.
Recent Moderation In ReturnsROE and margins easing from 2025 to TTM indicate the company faces headwinds to profitability expansion. This could signal rising content/licensing costs, competitive pressure on monetization, or diminishing operating leverage, which would limit long-term return improvement.
Tencent Music Entertainment Group Class A News
1698 FAQ
What was Tencent Music Entertainment Group Class A’s price range in the past 12 months?
Tencent Music Entertainment Group Class A lowest stock price was HK$31.16 and its highest was HK$104.00 in the past 12 months.
What is Tencent Music Entertainment Group Class A’s market cap?
Tencent Music Entertainment Group Class A’s market cap is HK$110.39B.
When is Tencent Music Entertainment Group Class A’s upcoming earnings report date?
Tencent Music Entertainment Group Class A’s upcoming earnings report date is Aug 11, 2026 which is in 4 days.
How were Tencent Music Entertainment Group Class A’s earnings last quarter?
Tencent Music Entertainment Group Class A released its earnings results on May 12, 2026. The company reported HK$0.772 earnings per share for the quarter, missing the consensus estimate of HK$0.779 by -HK$0.007.
Is Tencent Music Entertainment Group Class A overvalued?
According to Wall Street analysts Tencent Music Entertainment Group Class A’s price is currently Undervalued.
Does Tencent Music Entertainment Group Class A pay dividends?
Tencent Music Entertainment Group Class A pays a Annually dividend of HK$0.941 which represents an annual dividend yield of 2.44%. See more information on Tencent Music Entertainment Group Class A dividends here
What is Tencent Music Entertainment Group Class A’s EPS estimate?
Tencent Music Entertainment Group Class A’s EPS estimate is 0.9.
How many shares outstanding does Tencent Music Entertainment Group Class A have?
Tencent Music Entertainment Group Class A has 1,482,859,700 shares outstanding.
What happened to Tencent Music Entertainment Group Class A’s price movement after its last earnings report?
Tencent Music Entertainment Group Class A reported an EPS of HK$0.772 in its last earnings report, missing expectations of HK$0.779. Following the earnings report the stock price went down -1.525%.
Which hedge fund is a major shareholder of Tencent Music Entertainment Group Class A?
Currently, no hedge funds are holding shares in HK:1698
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Tencent Music Entertainment Group Class A Stock Smart Score
Neutral
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10
Analyst Consensus
Moderate Buy
Average Price Target:
HK$54.69 (49.83% Upside)
HK$54.69 (49.83% Upside)
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
86.95%
12-Months-Change
Fundamentals
Return on Equity
2.44%
Trailing 12-Months
Asset Growth
7.69%
Trailing 12-Months
Company Description
Tencent Music Entertainment Group Class A
Tencent Music Entertainment Group (TME) is a prominent digital music and entertainment provider within the People's Republic of China, delivering a comprehensive suite of services including music streaming, online karaoke, and interactive live performances. Its core music platforms, such as QQ Music, Kugou Music, and Kuwo Music, enable users to discover and enjoy music in tailored ways. WeSing serves as a social karaoke application, allowing individuals to sing, interact with friends, share performances, and find new songs. TME also manages interactive live streaming channels like Kugou Live and Kuwo Live, which offer performers a platform to showcase their talents and engage directly with their audience. Additionally, Kuwo Changting provides a wide array of audio content, ranging from audiobooks and cross-talks to radio dramas and other entertainment genres. Beyond its digital services, the company distributes music-related merchandise, including headsets, smart speakers, and karaoke microphones, and offers online ticketing for music events. TME further collaborates with smart device and automotive manufacturers to integrate and operate music services on their products. Headquartered in Shenzhen, China, Tencent Music Entertainment Group maintains a strategic partnership with China Literature and operates as a subsidiary of Tencent Holdings Limited.
1698 Stock 12 Month Forecast
Average Price Target
HK$54.69
▲(49.83% Upside)
Technical Analysis
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