Tencent Music Entertainment Group (TME) Stock Forecast
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USD 15.95
(+26.29%)
Based on the Tencent Music Entertainment Group stock forecast from 6 analysts, the average analyst target price for Tencent Music Entertainment Group is USD 15.95 over the next 12 months. Tencent Music Entertainment Group’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of Tencent Music Entertainment Group is Slightly Bullish , which is based on 7 positive signals and 4 negative signals. At the last closing, Tencent Music Entertainment Group’s stock price was USD 12.63. Tencent Music Entertainment Group’s stock price has changed by -0.94% over the past week, +0.64% over the past month and +12.37% over the last year.
No recent analyst target price found for Tencent Music Entertainment Group
No recent average analyst rating found for Tencent Music Entertainment Group
Company Overview Tencent Music Entertainment Group
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. Read Less
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 person...Read More
Frequently Asked Questions About Tencent Music Entertainment Group (TME) Stock
Based on ratings from 6 analysts Tencent Music Entertainment Group's stock is Strong Buy. Stock Target Advisor's fundamental analysis is Slightly Bullish . The stock has 6 buy, sell and hold ratings.
TME stock's dividend yield is 1.39%.
Our analysis grades TME stock's dividend yield at F. This means that TME stock's dividend yield is above 33% of the stocks in the Internet Content & Information sector in the NYE exchange.
Based on this TME may be a poor dividend stock for its sector.
Based on targets from 6 analysts, the average taret price for TME is USD 15.95 over the next 12 months. The maximum analyst target price is USD 19 while the minimum anlayst target price is USD 13.
TME stock's Price/Earning ratio is 22.34.
Our analysis grades TME stock's Price / Earning ratio at F. This means that TME stock's Price/Earning ratio is above 62% of the stocks in the Internet Content & Information sector in the NYE exchange.
Based on this TME may be a overvalued for its sector.
The last closing price of TME's stock was USD 12.63.
The most recent market capitalization for TME is USD 23.59B.
Based on targets from 6 analysts, the average taret price for TME is projected at USD 15.95 over the next 12 months.
This means that TME's stock price may go up by +26.29% over the next 12 months.
We can't find any ETFs which contains Tencent Music Entertainment Group's stock.
As per our most recent records Tencent Music Entertainment Group has 0 Employees.
Tencent Music Entertainment Group's registered address is Building D, Shenzhen, China, 518057.
You can get more information about it from Tencent Music Entertainment Group's website at https://www.tencentmusic.com.
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Stock Target Advisor's Analysis
This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.
What to like
Superior risk adjusted returns
This stock has performed well, on a risk adjusted basis, compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile.
Positive cash flow
The company had positive total cash flow in the most recent four quarters.
Positive free cash flow
The company had positive total free cash flow in the most recent four quarters.
Superior return on assets
The company management has delivered better return on assets in the most recent 4 quarters than its peers, placing it in the top quartile.
Superior capital utilization
The company management has delivered better return on invested capital in the most recent 4 quarters than its peers, placing it in the top quartile.
High market capitalization
This is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.
Superior return on equity
The company management has delivered better return on equity in the most recent 4 quarters than its peers, placing it in the top quartile.
What not to like
Overpriced compared to book value
The stock is trading high compared to its peers median on a price to book value basis.
Overpriced compared to earnings
The stock is trading high compared to its peers on a price to earning basis and is above the sector median.
Low Revenue Growth
This stock has shown below median revenue growth in the previous 5 years compared to its sector
Overpriced on free cash flow basis
The stock is trading high compared to its peers on a price to free cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.
Frequently Asked Questions About Tencent Music Entertainment Group (TME) Stock
Based on ratings from 6 analysts Tencent Music Entertainment Group's stock is Strong Buy. Stock Target Advisor's fundamental analysis is Slightly Bullish . The stock has 6 buy, sell and hold ratings.
TME stock's dividend yield is 1.39%.
Our analysis grades TME stock's dividend yield at F. This means that TME stock's dividend yield is above 33% of the stocks in the Internet Content & Information sector in the NYE exchange.
Based on this TME may be a poor dividend stock for its sector.
Based on targets from 6 analysts, the average taret price for TME is USD 15.95 over the next 12 months. The maximum analyst target price is USD 19 while the minimum anlayst target price is USD 13.
TME stock's Price/Earning ratio is 22.34.
Our analysis grades TME stock's Price / Earning ratio at F. This means that TME stock's Price/Earning ratio is above 62% of the stocks in the Internet Content & Information sector in the NYE exchange.
Based on this TME may be a overvalued for its sector.
The last closing price of TME's stock was USD 12.63.
The most recent market capitalization for TME is USD 23.59B.
Based on targets from 6 analysts, the average taret price for TME is projected at USD 15.95 over the next 12 months.
This means that TME's stock price may go up by +26.29% over the next 12 months.
We can't find any ETFs which contains Tencent Music Entertainment Group's stock.
As per our most recent records Tencent Music Entertainment Group has 0 Employees.
Tencent Music Entertainment Group's registered address is Building D, Shenzhen, China, 518057.
You can get more information about it from Tencent Music Entertainment Group's website at https://www.tencentmusic.com.
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