Unveiling Key Insights on Tencent Music Entertainment

By Chris Stiles • Monday, May 05 09:56 • Permanent Link

Tencent Music Entertainment logged a -1.6% change during today's morning session, and is now trading at a price of $14.07 per share. The S&P 500 index moved -1.0%. TME's trading volume is 378,227 compared to the stock's average volume of 8,604,991.

Tencent Music Entertainment trades -14.54% away from its average analyst target price of $16.47 per share. The 31 analysts following the stock have set target prices ranging from $12.923481 to $18.995749, 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 17.9% 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 5.5% over the last year, and the S&P 500 logged a change of 9.8%
Based on its trailing earnings per share of 0.58, Tencent Music Entertainment has a trailing 12 month Price to Earnings (P/E) ratio of 24.3 while the S&P 500 average is 29.3
TME has a forward P/E ratio of 18.3 based on its forward 12 month price to earnings (EPS) of $0.77 per share
Its Price to Book (P/B) ratio is 0.32 compared to its sector average of 2.93
Tencent Music Entertainment Group operates online music entertainment platforms that provides music streaming, online karaoke, and live streaming services in the People's Republic of China.
Based in Shenzhen, the company has 5,353 full time employees and a market cap of $21.1 Billion. Tencent Music Entertainment currently returns an annual dividend yield of 9.2%.

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.