Investor Buzz – Tencent Music Entertainment Stock Analysis

Tencent Music Entertainment logged a -2.7% change during today's afternoon session, and is now trading at a price of $14.53 per share. The S&P 500 index moved 1.0%. TME's trading volume is 10,921,117 compared to the stock's average volume of 7,466,080.

Tencent Music Entertainment trades -8.44% away from its average analyst target price of $15.87 per share. The 27 analysts following the stock have set target prices ranging from $8.4 to $19.0, and on average have given Tencent Music Entertainment a rating of buy.

If you are considering an investment in TME, you'll want to know the following:

  • Tencent Music Entertainment's current price is 21.7% above its Graham number of $11.94, which implies that at its current valuation it does not offer a margin of safety

  • Tencent Music Entertainment has moved 98.8% over the last year, and the S&P 500 logged a change of 26.3%

  • Based on its trailing earnings per share of 0.45, Tencent Music Entertainment has a trailing 12 month Price to Earnings (P/E) ratio of 32.3 while the S&P 500 average is 27.65

  • TME has a forward P/E ratio of 18.6 based on its forward 12 month price to earnings (EPS) of $0.78 per share

  • The company has a price to earnings growth (PEG) ratio of 61.89 — a number near or below 1 signifying that Tencent Music Entertainment is fairly valued compared to its estimated growth potential

  • Its Price to Book (P/B) ratio is 0.38 compared to its sector average of 3.18

  • 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.

  • Based in Shenzhen, the company has 5,185 full time employees and a market cap of $25.6 Billion. Tencent Music Entertainment currently returns an annual dividend yield of 6.5%.

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.