It's Time For a Quick Look at Tencent Music Entertainment's Fundamentals.

By Naomi Wentworth • Thursday, January 11 15:08 • Permanent Link

Shares of Broadcasting company Tencent Music Entertainment jumped 4.3% today. With many investors piling into TME without a second thought, it may be a good idea to take a closer look at the stock. Here are some quick facts to get you started:

Tencent Music Entertainment has moved 5.7% over the last year, and the S&P 500 logged a change of 20.1%
TME has an average analyst rating of buy and is 3.27% away from its mean target price of $9.13 per share
Its trailing earnings per share (EPS) is $0.42
Tencent Music Entertainment has a trailing 12 month Price to Earnings (P/E) ratio of 22.4 while the S&P 500 average is 15.97
Its forward earnings per share (EPS) is $0.58 and its forward P/E ratio is 16.3
The company has a Price to Book (P/B) ratio of 0.27 in contrast to the S&P 500's average ratio of 2.95
Tencent Music Entertainment is part of the Consumer Discretionary sector, which has an average P/E ratio of 22.96 and an average P/B of 4.24
TME has reported YOY quarterly earnings growth of 12.1% and gross profit margins of 0.3%
The company has a free cash flow of $4.14 Billion, which refers to the total sum of all its inflows and outflows of cash over the last quarter
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; and WeSing, which enables users to sing from its library of karaoke songs and share their performances in audio or video formats with friends. The company also operates 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, 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. The company is based in Shenzhen, China. Tencent Music Entertainment Group is a subsidiary of Tencent Holdings Limited.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.