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After finishing at $11.25 in the prior trading day, Tencent Music Entertainment Group ADR (NYSE: TME) closed at $11.27, up 0.18%. In other words, the price has increased by $0.18 from its previous closing price. On the day, 6.09 million shares were traded. TME stock price reached its highest trading level at $11.35 during the session, while it also had its lowest trading level at $11.12.
Ratios:
Our goal is to gain a better understanding of TME by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.49 and its Current Ratio is at 2.49. In the meantime, Its Debt-to-Equity ratio is 0.11 whereas as Long-Term Debt/Eq ratio is at 0.11.
On March 20, 2024, Citigroup Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $9 to $13.
On February 05, 2024, Redburn Atlantic started tracking the stock assigning a Buy rating and target price of $12.Redburn Atlantic initiated its Buy rating on February 05, 2024, with a $12 target price.
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 19500369920 and an Enterprise Value of 18777163776. As of this moment, Tencent’s Price-to-Earnings (P/E) ratio for their current fiscal year is 25.66, and their Forward P/E ratio for the next fiscal year is 17.38. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.72. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.07 while its Price-to-Book (P/B) ratio in mrq is 2.37. Its current Enterprise Value per Revenue stands at 0.677 whereas that against EBITDA is 3.193.
Stock Price History:
The Beta on a monthly basis for TME is 0.81, which has changed by 0.42477882 over the last 52 weeks, in comparison to a change of 0.2160933 over the same period for the S&P500. Over the past 52 weeks, TME has reached a high of $12.00, while it has fallen to a 52-week low of $5.70. The 50-Day Moving Average of the stock is 6.21%, while the 200-Day Moving Average is calculated to be 36.51%.
Shares Statistics:
The stock has traded on average 8.63M shares per day over the past 3-months and 5856910 shares per day over the last 10 days, according to various share statistics. A total of 721.20M shares are outstanding, with a floating share count of 713.82M. Insiders hold about 1.02% of the company’s shares, while institutions hold 59.07% stake in the company. Shares short for TME as of 1711584000 were 20995960 with a Short Ratio of 2.43, compared to 1709164800 on 26191238.
Earnings Estimates
A comprehensive evaluation of Tencent Music Entertainment Group ADR (TME) is underway, with the input of 9 analysts contributing to its current rating.On average, analysts expect EPS of $0.14 for the current quarter, with a high estimate of $0.15 and a low estimate of $0.13, while EPS last year was $0.12. The consensus estimate for the next quarter is $0.15, with high estimates of $0.16 and low estimates of $0.14.
Analysts are recommending an EPS of between $0.66 and $0.54 for the fiscal current year, implying an average EPS of $0.61. EPS for the following year is $0.73, with 19 analysts recommending between $0.82 and $0.63.
Revenue Estimates
11 analysts predict $916.42M in revenue for the current quarter. It ranges from a high estimate of $1.01B to a low estimate of $900.26M. As of the current estimate, Tencent Music Entertainment Group ADR’s year-ago sales were $980.64M, an estimated decrease of -6.50% from the year-ago figure.
A total of 26 analysts have provided revenue estimates for TME’s current fiscal year. The highest revenue estimate was $4.21B, while the lowest revenue estimate was $3.85B, resulting in an average revenue estimate of $3.96B. In the same quarter a year ago, actual revenue was $3.83B, up 3.40% from the average estimate. Based on 24 analysts’ estimates, the company’s revenue will be $4.44B in the next fiscal year. The high estimate is $4.68B and the low estimate is $4.23B. The average revenue growth estimate for next year is up 12.00% from the average revenue estimate for this year.
