Tencent Music Entertainment Group (TME)

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

Music Streaming, Online Karaoke, Live Streaming, Music Merchandise, Audio Platform

Tencent Music Entertainment Group is a leading online music entertainment company in China, offering a range of services that cater to the diverse music needs of its users. Through its popular platforms, including QQ Music, Kugou Music, and Kuwo Music, users can discover and enjoy music in personalized ways, including streaming, online karaoke, and live streaming.

The company's platforms provide access to a vast library of music content, including songs, audiobooks, podcasts, talk shows, and music videos. Users can also engage with their favorite artists and other music enthusiasts through live streaming services, which offer an interactive online stage for performers and users to showcase their talent and connect with a diverse audience base.

In addition to its music streaming and live streaming services, Tencent Music Entertainment Group also offers a range of other music-related products and services. These include music-centric merchandise, such as branded apparel, posters, and accessories, as well as integrated and technology-driven music solutions for IoT device manufacturers. The company also provides advertising services across its online karaoke platform and online music apps.

Headquartered in Shenzhen, China, Tencent Music Entertainment Group is a subsidiary of Tencent Holdings Limited, one of the largest and most influential technology companies in the world. With a strong commitment to innovation and customer satisfaction, the company is well-positioned to continue shaping the future of music entertainment in China and beyond.

Through its innovative platforms and services, Tencent Music Entertainment Group has become a major player in the Chinese music industry, with a large and growing user base. By providing a unique and engaging music experience, the company has established itself as a leader in the online music entertainment space, with a strong brand and a loyal customer following.

Drawdown (Underwater) Chart

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

Overall Trend and Yearly Seasonality

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

TME Stock Overview

Market Cap in USD 25,400m
Sector Communication Services
Industry Internet Content & Information
GiC SubIndustry Movies & Entertainment
TER 0.00%
IPO / Inception 2018-12-12

TME Stock Ratings

Growth 5y 1.74
Fundamental 64.7
Dividend 0.36
Rel. Performance vs Sector 3.09
Analysts 4.50/5
Fair Price Momentum 17.46 USD
Fair Price DCF 127.87 USD

TME Dividends

Yield 12m 0.97%
Yield on Cost 5y 0.92%
Dividends CAGR 5y 0.00%
Payout Consistency 1.0%

TME Growth Ratios

Growth 12m 89.51%
Growth Correlation 12m 76%
Growth Correlation 3m 68%
CAGR 5y -1.03%
CAGR/Mean DD 5y -0.02
Sharpe Ratio 12m 1.95
Alpha vs SP500 12m 65.11
Beta vs SP500 5y weekly 0.90
ValueRay RSI 38.45
Volatility GJR Garch 1y 42.65%
Price / SMA 50 5.44%
Price / SMA 200 46.13%
Current Volume 7976.3k
Average Volume 20d 7965k

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What is the price of TME stocks?
As of June 18, 2024, the stock is trading at USD 14.16 with a total of 7,976,337 shares traded.
Over the past week, the price has changed by -0.56%, over one month by -7.33%, over three months by +37.66% and over the past year by +77.95%.
What are the forecast for TME stock price target?
According to ValueRays Forecast Model, TME Tencent Music Entertainment Group will be worth about 19.2 in June 2025. The stock is currently trading at 14.16. This means that the stock has a potential upside of +35.52%.
Issuer Forecast Upside
Wallstreet Target Price 15.8 11.5
Analysts Target Price 8.7 -38.9
ValueRay Target Price 19.2 35.5