How to buy Tencent Music Entertainment Group stock | $7.87

Tencent Music Entertainment Group is an internet content & information business based in the US. Tencent Music Entertainment Group shares (TME) are listed on the NYSE and all prices are listed in US Dollars. Tencent Music Entertainment Group employs 4,769 staff and has a trailing 12-month revenue of around 0.00.

Tencent Music Entertainment Group stock price (NYSE: TME)

Use our graph to track the performance of TME stocks over time.

Tencent Music Entertainment Group shares at a glance

• Key figures

Information last updated 2021-09-18.

Latest market close	$7.87
52-week range	$7.03 - $32.25
50-day moving average	$9.10
200-day moving average	$15.58
Wall St. target price	$12.52
PE ratio	20.9867
Dividend yield	N/A (0%)
Earnings per share (TTM)	$0.38

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Is it a good time to buy Tencent Music Entertainment Group stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Tencent Music Entertainment Group price performance over time

Historical closes compared with the close of $7.87 from 2021-09-17

1 week (2021-09-10)	-9.02%
1 month (2021-08-18)	0.90%
3 months (2021-06-18)	-47.85%
6 months (2021-03-18)	-72.41%

1 year (2020-09-18)	-49.62%
2 years (2019-09-18)	-43.79%
3 years (2018-09-14)	N/A
5 years (2016-09-14)	N/A

Is Tencent Music Entertainment Group under- or over-valued?

Valuing Tencent Music Entertainment Group stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Tencent Music Entertainment Group's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Tencent Music Entertainment Group's P/E ratio

Tencent Music Entertainment Group's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 21x. In other words, Tencent Music Entertainment Group shares trade at around 21x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

Tencent Music Entertainment Group's PEG ratio

Tencent Music Entertainment Group's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 0.6412. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Tencent Music Entertainment Group's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

Tencent Music Entertainment Group's EBITDA

Tencent Music Entertainment Group's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $4.9 billion.

The EBITDA is a measure of a Tencent Music Entertainment Group's overall financial performance and is widely used to measure a its profitability.

Tencent Music Entertainment Group financials

Revenue TTM	$31.7 billion
Operating margin TTM	13.03%
Gross profit TTM	$9.3 billion
Return on assets TTM	4.09%
Return on equity TTM	8.26%
Profit margin	12.86%
Book value	$30.98
Market capitalisation	$13.3 billion

TTM: trailing 12 months

Shorting Tencent Music Entertainment Group shares

There are currently 28.2 million Tencent Music Entertainment Group shares held short by investors – that's known as Tencent Music Entertainment Group's "short interest". This figure is 39.1% up from 20.3 million last month.

There are a few different ways that this level of interest in shorting Tencent Music Entertainment Group shares can be evaluated.

Tencent Music Entertainment Group's "short interest ratio" (SIR)

Tencent Music Entertainment Group's "short interest ratio" (SIR) is the quantity of Tencent Music Entertainment Group shares currently shorted divided by the average quantity of Tencent Music Entertainment Group shares traded daily (recently around 22.2 million). Tencent Music Entertainment Group's SIR currently stands at 1.27. In other words for every 100,000 Tencent Music Entertainment Group shares traded daily on the market, roughly 1270 shares are currently held short.

However Tencent Music Entertainment Group's short interest can also be evaluated against the total number of Tencent Music Entertainment Group shares, or, against the total number of tradable Tencent Music Entertainment Group shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Tencent Music Entertainment Group's short interest could be expressed as 0.02% of the outstanding shares (for every 100,000 Tencent Music Entertainment Group shares in existence, roughly 20 shares are currently held short) or 0.0458% of the tradable shares (for every 100,000 tradable Tencent Music Entertainment Group shares, roughly 46 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Tencent Music Entertainment Group.

Find out more about how you can short Tencent Music Entertainment Group stock.

Tencent Music Entertainment Group share dividends

We're not expecting Tencent Music Entertainment Group to pay a dividend over the next 12 months.

Tencent Music Entertainment Group share price volatility

Over the last 12 months, Tencent Music Entertainment Group's shares have ranged in value from as little as $7.03 up to $32.248. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Tencent Music Entertainment Group's is 1.0064. This would suggest that Tencent Music Entertainment Group's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).

Tencent Music Entertainment Group overview

Tencent Music Entertainment Group operates online music entertainment platforms that provides 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 was formerly known as China Music Corporation. The company was incorporated in 2012 and is headquartered in Shenzhen, China.

Frequently asked questions

What percentage of Tencent Music Entertainment Group is owned by insiders or institutions?
Currently 9.757% of Tencent Music Entertainment Group shares are held by insiders and 59.688% by institutions. How many people work for Tencent Music Entertainment Group?
Latest data suggests 4,769 work at Tencent Music Entertainment Group. When does the fiscal year end for Tencent Music Entertainment Group?
Tencent Music Entertainment Group's fiscal year ends in December. Where is Tencent Music Entertainment Group based?
Tencent Music Entertainment Group's address is: Matsunichi Building, Shenzhen, China, 518057 What is Tencent Music Entertainment Group's ISIN number?
Tencent Music Entertainment Group's international securities identification number is: US88034P1093 What is Tencent Music Entertainment Group's CUSIP number?
Tencent Music Entertainment Group's Committee on Uniform Securities Identification Procedures number is: 88034P109