With gains of 2.8%, Tencent Music Entertainment was one of the winners on Wall Street today. Its shares are now trading at $26.07 and have logged a -0.0% daily outperformance of the S&P 500. Don't join the feeding frenzy before checking some basic facts about this stock:
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Tencent Music Entertainment has moved 136.9% over the last year, and the S&P 500 logged a change of 15.1%
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TME has an average analyst rating of buy and is -7.81% away from its mean target price of $28.27 per share
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Its trailing earnings per share (EPS) is $0.92
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Tencent Music Entertainment has a trailing 12 month Price to Earnings (P/E) ratio of 28.3 while the S&P 500 average is 29.3
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Its forward earnings per share (EPS) is $0.77 and its forward P/E ratio is 33.9
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The company has a Price to Book (P/B) ratio of 0.48 in contrast to the S&P 500's average ratio of 4.74
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Tencent Music Entertainment is part of the Consumer Discretionary sector, which has an average P/E ratio of 20.93 and an average P/B of 2.93
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TME has reported YOY quarterly earnings growth of 44.4% and gross profit margins of 0.4%
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The company has a free cash flow of $8.35 Billion, which refers to the total sum of all its inflows and outflows of cash over the last quarter
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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. It offers QQ Music, Kugou Music, and Kuwo Music that enable users to discover, enjoy, and share music in personalized ways; long-form audio content, including audiobooks, podcasts and talk shows, as well as music-oriented video content comprising music videos, live performances, and short videos; and WeSing, which enables users to sing along from its library of karaoke songs and share their performances in audio or video formats with friends. The company also delivers music-centric live streaming services primarily through the Live Streaming tab on 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 audience base; and Lazy Audio, an audio platform. In addition, it sells artist-related merchandise, such as branded apparel, posters and art prints, and accessories; other music services, such as content licensing, sales of digital albums, sales of customized artist-related merchandises, live performances and concerts, and artist management services; and music subscriptions, as well as offers advertising services across its social entertainment platforms. The company is headquartered in Shenzhen, China. Tencent Music Entertainment Group is a subsidiary of Tencent Holdings Limited.
