As the world becomes increasingly uncertain, Tencent Music Entertainment Group (TME) offers stability


After finishing at $6.63 in the prior trading day, Tencent Music Entertainment Group (NYSE: TME) closed at $6.50, down -1.96%. In other words, the price has decreased by -$0.13 from its previous closing price. On the day, 7754872 shares were traded. TME stock price reached its highest trading level at $6.80 during the session, while it also had its lowest trading level at $6.47.

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Our goal is to gain a better understanding of TME by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.58 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.73. For the most recent quarter (mrq), Quick Ratio is recorded 2.50 and its Current Ratio is at 2.50. In the meantime, Its Debt-to-Equity ratio is 0.11 whereas as Long-Term Debt/Eq ratio is at 0.11.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Citigroup on July 31, 2023, Downgraded its rating to Neutral and sets its target price to $7.50 from $9.70 previously.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, TME now has a Market Capitalization of 11.64B and an Enterprise Value of 9.35B. As of this moment, Tencent’s Price-to-Earnings (P/E) ratio for their current fiscal year is 16.25, and their Forward P/E ratio for the next fiscal year is 12.26. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.28. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.83 while its Price-to-Book (P/B) ratio in mrq is 1.39. Its current Enterprise Value per Revenue stands at 0.32 whereas that against EBITDA is 1.65.

Stock Price History:

Over the past 52 weeks, TME has reached a high of $9.29, while it has fallen to a 52-week low of $3.14. The 50-Day Moving Average of the stock is 6.81, while the 200-Day Moving Average is calculated to be 7.55.

Shares Statistics:

The stock has traded on average 7.41M shares per day over the past 3-months and 8.17M shares per day over the last 10 days, according to various share statistics. A total of 1.56B shares are outstanding, with a floating share count of 883.60M. Shares short for TME as of Aug 14, 2023 were 15.87M with a Short Ratio of 15.87M, compared to 20.7M on Jul 13, 2023.

Earnings Estimates

Its stock is currently analyzed by 7 different market analysts. On average, analysts expect EPS of $0.12 for the current quarter, with a high estimate of $0.12 and a low estimate of $0.12, while EPS last year was $0.13. The consensus estimate for the next quarter is $0.13, with high estimates of $0.13 and low estimates of $0.12.

Analysts are recommending an EPS of between $0.51 and $0.49 for the fiscal current year, implying an average EPS of $0.5. EPS for the following year is $0.53, with 16 analysts recommending between $0.59 and $0.45.

Revenue Estimates

7 analysts predict $856.86M in revenue for the current quarter. It ranges from a high estimate of $865.17M to a low estimate of $849.35M. As of the current estimate, Tencent Music Entertainment Group’s year-ago sales were $1.1B, an estimated decrease of -21.90% from the year-ago figure. For the next quarter, 6 analysts are estimating revenue of $858.42M, a decrease of -19.00% over than the figure of -$21.90% in the same quarter last year. There is a high estimate of $881.89M for the next quarter, whereas the lowest estimate is $816.13M.

A total of 22 analysts have provided revenue estimates for TME’s current fiscal year. The highest revenue estimate was $3.96B, while the lowest revenue estimate was $3.61B, resulting in an average revenue estimate of $3.69B. In the same quarter a year ago, actual revenue was $4.04B, down -8.80% from the average estimate. Based on 22 analysts’ estimates, the company’s revenue will be $3.76B in the next fiscal year. The high estimate is $4.25B and the low estimate is $3.48B. The average revenue growth estimate for next year is up 2.00% from the average revenue estimate for this year.


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