Tencent Music Entertainment Group (TME) Stock Forecast
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USD 12.08
(-4.77%)
Based on the Tencent Music Entertainment Group stock forecast from 10 analysts, the average analyst target price for Tencent Music Entertainment Group is USD 12.08 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 8 positive signals and 4 negative signals. At the last closing, Tencent Music Entertainment Group’s stock price was USD 12.68. Tencent Music Entertainment Group’s stock price has changed by +9.50% over the past week, +13.72% over the past month and +81.14% 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 10 analysts Tencent Music Entertainment Group's stock is Strong Buy. Stock Target Advisor's fundamental analysis is Slightly Bullish . The stock has 10 buy, sell and 2 hold ratings.
Unfortunately we do not have enough data on TME's stock to indicate if its a good dividend stock.
Based on targets from 10 analysts, the average taret price for TME is USD 12.08 over the next 12 months. The maximum analyst target price is USD 14 while the minimum anlayst target price is USD 9.
TME stock's Price/Earning ratio is 26.42.
Our analysis grades TME stock's Price / Earning ratio at F. This means that TME stock's Price/Earning ratio is above 50% of the stocks in the Internet Content & Information sector in the NYE exchange.
Based on this TME may be fairly valued for its sector
The last closing price of TME's stock was USD 12.68.
The most recent market capitalization for TME is USD 19.49B.
Based on targets from 10 analysts, the average taret price for TME is projected at USD 12.08 over the next 12 months.
This means that TME's stock price may go down by -4.77% over the next 12 months.
Following are ETFs with the highest allocation to Tencent Music Entertainment Group's stock :
As per our most recent records Tencent Music Entertainment Group has 5,185 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
Underpriced on cashflow basis
The stock is trading low compared to its peers on a price to cash flow basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.
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 Earnings Growth
This stock has shown top quartile earnings growth in the previous 5 years compared to its sector.
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.
High volatility
The total returns for this company are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.
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.
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