-
1 Comment
Tencent Music Entertainment Group is currently in a long term downtrend where the price is trading 33.9% below its 200 day moving average.
From a valuation standpoint, the stock is 22.7% cheaper than other stocks from the Communication Services sector with a price to sales ratio of 14.4.
Tencent Music Entertainment Group's total revenue rose by 14.3% to $8B since the same quarter in the previous year.
Its net income has increased by 14.9% to $1B since the same quarter in the previous year.
Finally, its free cash flow fell by 8.3% to $2B since the same quarter in the previous year.
Based on the above factors, Tencent Music Entertainment Group gets an overall score of 3/5.
Exchange | NYSE |
---|---|
CurrencyCode | USD |
ISIN | US88034P1093 |
Sector | Communication Services |
Industry | Internet Content & Information |
Market Cap | 21B |
---|---|
PE Ratio | 21.9 |
Beta | 0.49 |
Target Price | 16.3361 |
Dividend Yield | 1.4% |
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; long-form audio content, including audiobooks, podcasts and talk shows, as well as music-oriented video content comprising music videos, live performances, and short videos; and WeSing, which enables users to sing along from its library of karaoke songs and share their performances in audio or video formats with friends. The company also delivers music-centric live streaming services primarily through the Live Streaming tab on 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; and artist-related merchandise, such as branded apparel, posters and art prints, and accessories and integrated and technology-driven music solutions that help IoT device manufacturers build and operate their branded music services on their IoT devices, as well as offers advertising services across its online karaoke platform and online music apps. The company is headquartered in Shenzhen, China. Tencent Music Entertainment Group is a subsidiary of Tencent Holdings Limited.
Learn MoreHere's how to backtest a trading strategy or backtest a portfolio for TME using our backtest tool. PyInvesting provides the backtesting software for you to backtest your investment strategy. Our backtest software is written using Python code and allows you to backtest stock, backtest etf, backtest options, backtest crypto and backtest forex online. Our backtesting Python framework is highly robust and gives you a realistic simulation of how your strategy would have performed in the past using backtest data.
© PyInvesting 2025