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How to buy Tencent Music Entertainment Group stock | $18.66

Own Tencent Music Entertainment Group stock in just a few minutes.

Fact checked

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 3,610 staff and has a market cap (total outstanding shares value) of USD$32.3 billion.

How to buy shares in Tencent Music Entertainment Group

  1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Tencent Music Entertainment Group. Find the stock by name or ticker symbol: TME. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Tencent Music Entertainment Group reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. At last close price of USD$18.66, weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Tencent Music Entertainment Group, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of Tencent Music Entertainment Group. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Tencent Music Entertainment Group share price

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

Tencent Music Entertainment Group shares at a glance

Information last updated 2020-12-31.
Latest market closeUSD$18.66
52-week rangeUSD$9.22 - USD$19.555
50-day moving average USD$17.5041
200-day moving average USD$15.6649
Wall St. target priceUSD$18.76
PE ratio 59.3827
Dividend yield N/A (0%)
Earnings per share (TTM) USD$0.324

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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

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 $18.66 from 2020-12-18

1 week (2021-01-05) -8.80%
1 month (2020-12-12) N/A
3 months (2020-10-12) 30.40%
6 months (2020-07-12) N/A
1 year (2020-01-12) N/A
2 years (2019-01-12) N/A
3 years (2018-01-12) N/A
5 years (2016-01-12) 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 59x. In other words, Tencent Music Entertainment Group shares trade at around 59x recent earnings.

That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-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 2.0038. 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 financials

Gross profit TTM USD$8.7 billion
Return on assets TTM 4.45%
Return on equity TTM 8.79%
Profit margin 14.23%
Book value $3.325
Market capitalisation USD$32.3 billion

TTM: trailing 12 months

Shorting Tencent Music Entertainment Group shares

There are currently 78.2 million Tencent Music Entertainment Group shares held short by investors – that's known as Tencent Music Entertainment Group's "short interest". This figure is 4.9% down from 82.2 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 10.1 million). Tencent Music Entertainment Group's SIR currently stands at 7.74. In other words for every 100,000 Tencent Music Entertainment Group shares traded daily on the market, roughly 7740 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 0.05% of the outstanding shares (for every 100,000 Tencent Music Entertainment Group shares in existence, roughly 50 shares are currently held short) or 0% of the tradable shares (for every 100,000 tradable Tencent Music Entertainment Group shares, roughly 0 shares are currently held short).

A SIR below 10% would generally be considered to indicate a fairly 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 $9.22 up to $19.555. A popular way to gauge a stock's volatility is its "beta".

TME.US volatility(beta: 1.32)Avg. volatility(beta: 1.00)LowHigh

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 1.3196. This would suggest that Tencent Music Entertainment Group's shares are more volatile than the average for this exchange and represent, relatively-speaking, a 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 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. In addition, it sells music-related merchandise, including Kugou M1 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 CoMix Wave Films. The company was formerly known as China Music Corporation. The company was incorporated in 2012 and is headquartered in Shenzhen, China. Tencent Music Entertainment Group is a subsidiary of Tencent Holdings Limited.

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