Tencent Music Entertainment Stock Today
| TME Stock | USD 11.41 0.10 0.87% |
Performance4 of 100
| Odds Of DistressLess than 8
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Tencent Music is trading at 11.41 as of the 30th of November 2024, a 0.87% down since the beginning of the trading day. The stock's lowest day price was 11.31. Tencent Music has only a 8 % chance of going through financial distress over the next few years but had a somewhat insignificant performance during the last 90 days. Equity ratings for Tencent Music Entertainment are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 1st of September 2024 and ending today, the 30th of November 2024. Click here to learn more.
Business Domain Media & Entertainment | IPO Date 12th of December 2018 | Category Communication Services |
Tencent Music Entertainment Group operates online music entertainment platforms to provide music streaming, online karaoke, and live streaming services in the Peoples Republic of China. Tencent Music Entertainment Group is a subsidiary of Tencent Holdings Limited. The company has 857.15 M outstanding shares of which 20.76 M shares are at this time shorted by investors with about 3.23 days to cover. More on Tencent Music Entertainment
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Tencent Stock Highlights
ESG Sustainability
Environmental | Governance | Social |
| CEO | Zhu Liang | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Ideas | (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Old Name | Trade Me Group Limited | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Movies & Entertainment, Internet Content & Information, Communication Services, NYSE Composite, Music and Video, Communication, Communication Services, Entertainment, Internet Content & Information, Communication Services (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Financial Strength
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Debt LevelsTencent Music can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Tencent Music's financial leverage. It provides some insight into what part of Tencent Music's total assets is financed by creditors.
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Tencent Music Entertainment (TME) is traded on New York Stock Exchange in USA. It is located in Building D, Shenzhen, China, 518057 and employs 5,185 people. Tencent Music is listed under Movies & Entertainment category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a total capitalization of 18.9 B. Tencent Music Entert runs under Entertainment sector within Communication Services industry. The entity has 857.15 M outstanding shares of which 20.76 M shares are at this time shorted by investors with about 3.23 days to cover.
Tencent Music Entertainment has about 9.55 B in cash with 7.34 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 13.27, which can makes it an attractive takeover target, given it will continue generating positive cash flow.
Check Tencent Music Probability Of Bankruptcy
Ownership AllocationTencent Music Entert shows a total of 857.15 Million outstanding shares. Over half of Tencent Music's outstanding shares are owned by institutional holders. These institutional holders are typically referred to as corporate investors that take positions in a given instrument to benefit from reduced trade commissions. Please note that no matter how many assets the company owns, if the real value of the company is less than the current market value, you may not be able to make money on it.
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Tencent Stock Institutional Holders
| Instituion | Recorded On | Shares | |
| Renaissance Technologies Corp | 2024-09-30 | 8.9 M | |
| Driehaus Capital Management Llc | 2024-06-30 | 7.1 M | |
| Norges Bank | 2024-06-30 | 6.6 M | |
| Legal & General Group Plc | 2024-06-30 | 6.4 M | |
| Federated Hermes Inc | 2024-09-30 | 6.2 M | |
| Hsbc Holdings Plc | 2024-06-30 | 6.1 M | |
| Fmr Inc | 2024-09-30 | 6 M | |
| Manufacturers Life Insurance Co | 2024-09-30 | 6 M | |
| Citigroup Inc | 2024-09-30 | 5.7 M | |
| Blackrock Inc | 2024-06-30 | 31.3 M | |
| Vanguard Group Inc | 2024-09-30 | 29.3 M |
Tencent Music Historical Income Statement
Tencent Stock Against Markets
Tencent Music Corporate Management
| Tao Tong | Chairman of the Board | Profile | |
| Lixue Shi | Group Vice President - Kuwo | Profile | |
| TakWai Wong | Independent Director | Profile | |
| Cheuk Yip | Chief Strategy Officer, Head of Ultimate Music | Profile | |
| Liang Tang | Independent Director | Profile |
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Is Movies & Entertainment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Tencent Music. If investors know Tencent will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Tencent Music listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.351 | Earnings Share 0.49 | Revenue Per Share 18.009 | Quarterly Revenue Growth 0.068 | Return On Assets 0.0543 |
The market value of Tencent Music Entert is measured differently than its book value, which is the value of Tencent that is recorded on the company's balance sheet. Investors also form their own opinion of Tencent Music's value that differs from its market value or its book value, called intrinsic value, which is Tencent Music's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Tencent Music's market value can be influenced by many factors that don't directly affect Tencent Music's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Tencent Music's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tencent Music is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tencent Music's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.