Tencent Music Entertainment Group (TME)

Exchange: USA Stocks • Country: China • Currency: USD • Type: Common Stock • ISIN: US88034P1093

(NYSE:TME Stock) 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; and WeSing, which enables users to sing from its library of karaoke songs and share their performances in audio or video formats with friends. The company also operates 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, including Kugou 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. The company is based in Shenzhen, China. Tencent Music Entertainment Group is a subsidiary of Tencent Holdings Limited. Web URL: https://www.tencentmusic.com

Drawdown (Underwater) Chart

Drawdown / Underwater Chart for Tencent Music Entertainment Group (TME)

TME Stock Overview

Market Cap in USD 16,019m
Sector Communication Services
Industry Internet Content & Information
GiC SubIndustry Movies & Entertainment
TER 0.00%
IPO / Inception 2018-12-12

TME Stock Ratings

Fundamental 6.84
Dividend -
Growth 5y -2.72
Rel. Performance vs Sector -1.59
Analysts 4.37
Fair Price Total Ret. 10.88
Fair Price DCF 123.00

TME Dividends

Yield 12m 0.00%
Yield on Cost 5y 0.00%
Dividends CAGR 5y 0.00%
Payout Consistency 0.0%

TME Growth Ratios

Growth 12m 27.67%
Growth Correlation 12m 18%
Growth Correlation 3m 60%
CAGR 5y -11.03%
CAGR / Mean Drawdown -0.21
Sharpe Ratio 12m 0.48
Alpha vs SP500 12m 2.92
Beta vs SP500 5y weekly 0.92
CAPM 7.79%
Average Daily Range 2m 3.62%
Regime Oscillator 82.67
Volatility GJR Garch 1y 62.64%
Price / SMA 50 9.61%
Price / SMA 200 30.18%
Current Volume 6195.7k
Average Volume 20d 8358.9k
What is the price of TME stocks?
As of February 21, 2024, the stock is trading at USD 9.92 with a total of 6,195,700 shares traded.
Over the past week, the price has changed by +3.01%, over one month by +16.57%, over three months by +10.96% and over the past year by +27.67%.
Why is TME stock down?
Check with which Index or Commodity TME has the highest Correlation, do they have a common driver?
Review the Fundamentals to find weaknesses (Debt, low returns). Check the Performance of the Peer-Group to find out, if the entire sector is under pressure.
Period Return TME Return S&P 500
1 Month 16.57% 2.97%
3 Months 10.96% 9.80%
12 Months 27.67% 26.37%
What is the forecast for TME stock price target?
According to ValueRays Forecast Model, TME Tencent Music Entertainment Group will be worth about 11.9 in February 2025.
Issuer Forecast Upside
Wallstreet Target Price 9.8 -1.1%
Analysts Target Price 8.7 -12.8%
ValueRay Target Price 11.9 20.1%