Tencent Music Entertainment Stock Performance
| TME Stock | USD 11.41 0.10 0.87% |
On a scale of 0 to 100, Tencent Music holds a performance score of 4. The entity has a beta of 0.66, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Tencent Music's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tencent Music is expected to be smaller as well. Please check Tencent Music's semi variance, and the relationship between the maximum drawdown and accumulation distribution , to make a quick decision on whether Tencent Music's existing price patterns will revert.
Risk-Adjusted Performance
4 of 100
Weak | Strong |
Insignificant
Compared to the overall equity markets, risk-adjusted returns on investments in Tencent Music Entertainment are ranked lower than 4 (%) of all global equities and portfolios over the last 90 days. In spite of rather uncertain primary indicators, Tencent Music exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
Actual Historical Performance (%)
One Day Return (0.87) | Five Day Return (1.98) | Year To Date Return 30.7 | Ten Year Return (18.50) | All Time Return (18.50) |
Forward Dividend Yield 0.0119 | Payout Ratio 0.0399 | Forward Dividend Rate 0.14 | Dividend Date 2024-06-27 | Ex Dividend Date 2024-05-31 |
1 | Tencent Music Entertainment Group Shares Up 5.43 percent on Sep 23 | 09/23/2024 |
2 | Is Tencent Music Entertainment Group Trading At A 42 percent Discount | 10/07/2024 |
3 | Tencent Music Entertainment Group Stock Price Up 4.27 percent on Oct 28 | 10/28/2024 |
4 | Tencent Music Entertainment Group Shares Down 9.65 percent on Nov 12 | 11/12/2024 |
5 | Q3 2024 Tencent Music Entertainment Group Earnings Call Transcript | 11/13/2024 |
6 | Tencent Music Entertainment Group Shares Gap Down Should You Sell | 11/14/2024 |
7 | Global equity returns are disappearing as U.S. stock market rockets higher | 11/19/2024 |
8 | Tencent Music Entertainment Group Shares Pulled Back After Strong Performance | 11/20/2024 |
9 | TME or TTGT Which Is the Better Value Stock Right Now | 11/26/2024 |
| Begin Period Cash Flow | 9.6 B |
Tencent |
Tencent Music Relative Risk vs. Return Landscape
If you would invest 1,035 in Tencent Music Entertainment on September 1, 2024 and sell it today you would earn a total of 106.00 from holding Tencent Music Entertainment or generate 10.24% return on investment over 90 days. Tencent Music Entertainment is generating 0.214% of daily returns assuming volatility of 3.5357% on return distribution over 90 days investment horizon. In other words, 31% of stocks are less volatile than Tencent, and above 96% of all equities are expected to generate higher returns over the next 90 days. Expected Return |
| Risk |
Tencent Music Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tencent Music's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Tencent Music Entertainment, and traders can use it to determine the average amount a Tencent Music's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0605
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| Small Returns | TME | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 3.54 actual daily | 31 69% of assets are more volatile |
Expected Return
| 0.21 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average Tencent Music is performing at about 4% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Tencent Music by adding it to a well-diversified portfolio.
Tencent Music Fundamentals Growth
Tencent Stock prices reflect investors' perceptions of the future prospects and financial health of Tencent Music, and Tencent Music fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Tencent Stock performance.
| Return On Equity | 0.11 | ||||
| Return On Asset | 0.0543 | ||||
| Profit Margin | 0.22 % | ||||
| Operating Margin | 0.26 % | ||||
| Current Valuation | 16.51 B | ||||
| Shares Outstanding | 857.15 M | ||||
| Price To Earning | 15.09 X | ||||
| Price To Book | 2.30 X | ||||
| Price To Sales | 0.68 X | ||||
| Revenue | 27.75 B | ||||
| Gross Profit | 8.77 B | ||||
| EBITDA | 7.17 B | ||||
| Net Income | 6.04 B | ||||
| Cash And Equivalents | 9.55 B | ||||
| Cash Per Share | 13.27 X | ||||
| Total Debt | 6.05 B | ||||
| Debt To Equity | 0.12 % | ||||
| Current Ratio | 2.33 X | ||||
| Book Value Per Share | 41.06 X | ||||
| Cash Flow From Operations | 7.34 B | ||||
| Earnings Per Share | 0.49 X | ||||
| Market Capitalization | 18.9 B | ||||
| Total Asset | 75.54 B | ||||
| Retained Earnings | 17.19 B | ||||
| Working Capital | 17.92 B | ||||
About Tencent Music Performance
By analyzing Tencent Music's fundamental ratios, stakeholders can gain valuable insights into Tencent Music's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Tencent Music has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Tencent Music has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 0.16 | 0.15 | |
| Return On Tangible Assets | 0.10 | 0.06 | |
| Return On Capital Employed | 0.10 | 0.05 | |
| Return On Assets | 0.07 | 0.04 | |
| Return On Equity | 0.09 | 0.05 |
Things to note about Tencent Music Entert performance evaluation
Checking the ongoing alerts about Tencent Music for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Tencent Music Entert help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Tencent Music Entert had very high historical volatility over the last 90 days | |
| About 57.0% of the company shares are owned by institutional investors | |
| Latest headline from zacks.com: TME or TTGT Which Is the Better Value Stock Right Now |
- Analyzing Tencent Music's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Tencent Music's stock is overvalued or undervalued compared to its peers.
- Examining Tencent Music's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Tencent Music's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Tencent Music's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Tencent Music's stock. These opinions can provide insight into Tencent Music's potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for Tencent Stock analysis
When running Tencent Music's price analysis, check to measure Tencent Music's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Tencent Music is operating at the current time. Most of Tencent Music's value examination focuses on studying past and present price action to predict the probability of Tencent Music's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tencent Music's price. Additionally, you may evaluate how the addition of Tencent Music to your portfolios can decrease your overall portfolio volatility.
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