Tencent Music Entertainment Group (TME)

NYSE - NYSE Delayed Price. Currency in USD

Visitors trend2W10W9M

6.28

+0.26

(+4.32%)

At close: 04:00PM EDT

6.28

0.00

(0.00%)

After hours:

05:27PM EDT

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Performance Outlook

Previous Close	6.02
Open	6.31
Bid	6.26 x 27000
Ask	6.28 x 38500
Day's Range	6.27 - 6.40
52 Week Range	3.14 - 9.29
Volume	6,088,654
Avg. Volume	6,876,150

Market Cap	11.029B
Beta (5Y Monthly)	0.80
PE Ratio (TTM)	16.10
EPS (TTM)	0.39
Earnings Date	Nov 13, 2023 - Nov 17, 2023
Forward Dividend & Yield	N/A (N/A)
Ex-Dividend Date	N/A
1y Target Est	8.54

Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.

Fair Value

XX.XX

Overvalued

-10% Est. Return

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Related Research

Tencent Music Entertainment Gro
Analyst Report: Tencent Music Entertainment GroupTME is the largest online music service provider in China. It was founded in 2016 with the business combination of QQ Music (founded in 2005), Kuwo Music (founded in 2005) and Kugou Music (founded in 2004) streaming platforms. Tencent is the largest shareholder of TME with over 50% shares and over 90% voting rights held. TME also provides social entertainment services, including music live audio/video broadcasts and online concert services through the three platforms mentioned above, and online karaoke through an independent platform WeSing.
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GuruFocus.com
Unveiling Tencent Music Entertainment Group's Value: Is It Really Priced Right? A Comprehensive ...
Delving into the intrinsic value and financial health of Tencent Music Entertainment Group (TME)
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Reuters
China online platforms scrap lucky draw features amid gambling crackdown
Chinese online content platforms including Tencent Music and NetEase's Cloud Music have removed live streaming features that analysts say could be used for illegal gambling, at a hefty cost to their quarterly revenues. Analysts say online content platforms pulled the plug on features such as virtual lucky draws after the government in June started cracking down on live streaming, as part of a wider clampdown on online gambling. While the platforms say they ban gambling, analysts say the extremely popular lucky draws are often manipulated by live streamers colluding with viewers to share the prize.