Tencent Music Entertainment Group

Ticker

TME

ISIN

US88034P109

Price

USD 14.72

Change Today

-0.27 / -1.801 %

Price 1 year ago

8.00 / 84.0 %

Market Capitalization

8,749,398,016.00

52 Week Low

6.02

52 Week High

15.49

200 Day Moving Average

9.07

50-day Moving Average

12.35


Price evolution

Yearly Returns


Peers


Peers

Company information

Summary

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 and listen to music in personalized ways; and WeSing, which enables users to have fun by singing and interacting with friends, sharing their singing performances with friends, and discovering songs that others have sung. The company also operates Kugou Music, Kuwo Music, WeSing, QQ Music, Kugou Live, and Kuwo Live that provides an interactive online stage for performers and users to showcase their talent and engage with those interested in their performance; and Kuwo Changting, an audio platform that offers users various audio content, including audio books, cross-talks, radio dramas, and other entertainment. 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. Tencent Music Entertainment Group has a strategic partnership with China Literature. The company is headquartered in Shenzhen, China. Tencent Music Entertainment Group is a subsidiary of Tencent Holdings Limited.

Sector

Communication Services

Industry

Internet Content & Information

Country

China

Exchange

NYQ

Earnings Per Share

0.383

P/E Ratio

13.211489

Debt/Equity Ratio

10.82

Beta

0.849042

City

Shenzhen

Address

Building D

Zip

518057

Ebitda

3,505,999,872.00

Ebitda Margins

0.12

Enterprise to Ebitda

-2.00

Enterprise Value

-7,028,742,656.00

Target Price

12.46

Estimated Price

-

Book Value

30.87

Expected Growth

-

Balance sheet

Income statement

Sustainability

Correlation

Company Name Correlation
GOOGL Alphabet Inc. -0.37
GOOG Alphabet Inc. -0.35
GOGL34.SA ALPHABET DRN A -0.24
300494.SZ HUBEI CENTURY NETW 0.08
300295.SZ EVERYDAY NETWORK 0.08
603888.SS XINHUANET CO LTD 0.11
MOS.L MOBILE STREAMS PLC 0.12
300364.SZ COL DIGITAL PUBLIS 0.17
300226.SZ SHANGHAI GANGLIAN 0.22
600637.SS ORIENTAL PEARL GROUP CO LTD 0.23
1980.HK TIANGE 0.29
META Meta Platforms, Inc. 0.30
603000.SS PEOPLE.CN CO LTD 0.32
600633.SS ZHEJIANG DAILY DIGITAL CULTURE 0.35
1357.HK MEITU 0.40
TWLO Twilio Inc. 0.40
MTCH Match Group, Inc. 0.53
SNAP Snap Inc. 0.56
DASH DoorDash, Inc. 0.58
Z Zillow Group, Inc. 0.68
PINS Pinterest, Inc. 0.68
9888.HK BIDU-SW 0.71
0700.HK TENCENT 0.73
1024.HK KUAISHOU-W 0.74
TCEHY TENCENT HOLDINGS LIMITED UNSP A 0.85

Similar companies

Ticker Name City Country Currency Exchange Beta EV/EBITDA Employees Site
SNAP Snap Inc. Santa Monica United States USD NYQ 1.19 -22.52 6446 https://www.snap.com
MOS.L MOBILE STREAMS PLC London United Kingdom GBp LSE 0.07 6 https://www.mobilestreams.com
FB Meta Platforms, Inc. Menlo Park United States USD NMS 1.20 6.87 87314 https://investor.fb.com
META Meta Platforms, Inc. Menlo Park United States USD NMS 1.41 8.41 83553 https://investor.fb.com
GOOGL Alphabet Inc. Mountain View United States USD NMS 1.10 14.67 174014 https://www.abc.xyz
GOOG Alphabet Inc. Mountain View United States USD NMS 1.06 11.38 186779 https://www.abc.xyz
0700.HK TENCENT Shenzhen China HKD HKG 0.45 18.57 116213 https://www.tencent.com
300364.SZ COL DIGITAL PUBLIS Beijing China CNY SHZ 1.31 35.54 656 https://www.col.com
TWTR Twitter, Inc. San Francisco United States USD NYQ 0.59 153.51 7500 https://www.twitter.com
1024.HK KUAISHOU-W Beijing China HKD HKG -14.65 28098 https://www.kuaishou.com
600633.SS ZHEJIANG DAILY DIGITAL CULTURE Hangzhou China CNY SHH 0.37 9.34 2191 https://www.600633.cn
PINS Pinterest, Inc. San Francisco United States USD NYQ 1.21 24.76 3430 https://www.pinterest.com
1357.HK MEITU Xiamen China HKD HKG 0.99 -60.19 2090 https://www.meitu.com
600637.SS ORIENTAL PEARL GROUP CO LTD Shanghai China CNY SHH 0.49 10.17 6984 https://www.opg.cn
TME Tencent Music Entertainment Gro Shenzhen China USD NYQ 0.85 -2.00 5966 https://www.tencentmusic.com
603000.SS PEOPLE.CN CO LTD Beijing China CNY SHH 0.91 27.37 3537 https://www.people.com.cn
7DIG.L 7DIGITAL GROUP PLC London United Kingdom GBp LSE 2.87 -5.38 51 https://www.7digital.com
300295.SZ EVERYDAY NETWORK Nanjing China CNY SHZ 0.29 -21.97 797 https://www.house365.com
300494.SZ HUBEI CENTURY NETW Wuhan China CNY SHZ 0.62 17.00 570 https://www.shengtian.com
9888.HK BIDU-SW Beijing China HKD HKG 0.80 -1.09 45500 https://www.baidu.com
DASH DoorDash, Inc. San Francisco United States USD NYQ -51.51 8600 https://www.doordash.com
603888.SS XINHUANET CO LTD Beijing China CNY SHH 0.73 56.63 1873 https://www.xinhuanet.com
TWLO Twilio Inc. San Francisco United States USD NYQ 1.60 -17.07 8199 https://www.twilio.com
TCEHY TENCENT HOLDINGS LIMITED UNSP A Shenzhen China USD PNK 0.45 2.99 116213 https://www.tencent.com
GOGL34.SA ALPHABET DRN A Mountain View United States BRL SAO 1.10 75.75 174014 https://www.abc.xyz
NEA.AX NEARMAP FPO Sydney Australia AUD ASX 1.96 -16.14 https://www.nearmap.com.au
MTCH Match Group, Inc. Dallas United States USD NMS 1.24 25.05 2500 https://www.mtch.com
Z Zillow Group, Inc. Seattle United States USD NMS 1.54 -57.55 6549 https://www.zillowgroup.com
1980.HK TIANGE Hangzhou China HKD HKG 0.78 4.90 336 https://www.tiange.com
300226.SZ SHANGHAI GANGLIAN Shanghai China CNY SHZ 11.92 4211 https://www.mysteel.com
AUTO.L AUTO TRADER GROUP PLC ORD 1P Manchester United Kingdom GBp LSE 0.40 20.67 1002 https://www.autotrader.co.uk
ZH Zhihu Inc. Beijing China USD NYQ 3.55 2649 https://ir.zhihu.com
BIDU Baidu, Inc. Beijing China USD NMS 0.80 -1.06 45500 https://www.baidu.com
PRX.AS PROSUS Amsterdam Netherlands EUR AMS 0.09 -320.69 30413 https://www.prosus.com
KIND Nextdoor Holdings, Inc. San Francisco United States USD NYQ -7.21 637 https://nextdoor.com
0772.HK CHINA LIT Shanghai China HKD HKG 0.40 23.10 1975 https://ir.yuewen.com
MOMO Hello Group Inc. Beijing China USD NMS 1.29 -1.07 2051 https://ir.hellogroup.com
RMV.L RIGHTMOVE PLC ORD 0.1P Milton Keynes United Kingdom GBp LSE 0.58 22.23 614 https://plc.rightmove.co.uk
LKCO Luokung Technology Corp Beijing China USD NCM 0.73 -2.81 738 https://www.luokung.com
035720.KS Kakao Jeju-Si South Korea KRW KSC 1.11 31.31 https://www.kakaocorp.com

Funds


Mutual Fund Holders

Social

Dividends

Ratings

News

Earnings

SEC Filings

Options

Indicators

Glossary
Momentum
A technical indicator that measures the rate of change in price movements over a specific period. It indicates the strength or weakness of a price trend.
Assessment: A positive momentum value generally indicates a good trend, while a negative value suggests a weak or downward trend.
Inertia
In trading, inertia refers to the tendency of prices to continue moving in their current direction. It suggests that an asset's price will likely maintain its current trend.
Assessment: A higher inertia value is generally considered good, as it indicates a strong and sustained price trend.
Relative Strength Index (RSI)
A momentum oscillator that measures the speed and change of price movements. It helps identify overbought or oversold conditions in an asset.
Assessment: An RSI value above 70 is typically considered overbought and may suggest a potential reversal or correction. Conversely, an RSI value below 30 is often considered oversold, indicating a possible upward price correction.
Fibonacci's Weighted Moving Average
A technical indicator that assigns different weights to recent data points, giving more significance to recent prices. It helps smooth out price fluctuations and identify trend reversals.
Assessment: The interpretation of the Fibonacci's Weighted Moving Average value depends on its comparison to other moving averages or trendlines. A value above 50 may indicate an uptrend, while a value below 50 may suggest a downtrend.
Williams %R
A momentum indicator that measures overbought or oversold conditions in an asset. It shows the relationship of the current closing price to the high-low range over a specified period.
Assessment: Williams %R values above -20 are typically considered overbought and may indicate a potential price reversal. Values below -80 are often viewed as oversold, suggesting a potential price bounce.
Relative Volatility Index (RVI)
A technical indicator that measures the volatility of a security by comparing the magnitude of recent price movements to the magnitude of average price changes. It helps identify periods of high or low volatility.
Assessment: A higher RVI value suggests higher volatility, which can provide trading opportunities but also carries increased risk.
Commodity Channel Index (CCI)
A versatile indicator that measures the current price level relative to an average price level over a given period. It helps identify overbought or oversold conditions and potential trend reversals.
Assessment: CCI values above 100 are often considered overbought, indicating a potential price correction or reversal. Values below -100 are typically viewed as oversold, suggesting a potential price rebound.