In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
As of close of business last night, Tencent Music Entertainment Group ADR’s stock clocked out at $14.28, down -2.92% from its previous closing price of $14.71. In other words, the price has decreased by -$2.92 from its previous closing price. On the day, 8.62 million shares were traded. TME stock price reached its highest trading level at $14.56 during the session, while it also had its lowest trading level at $14.11.
Ratios:
To gain a deeper understanding of TME’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.09 and its Current Ratio is at 2.09. In the meantime, Its Debt-to-Equity ratio is 0.09 whereas as Long-Term Debt/Eq ratio is at 0.06.
On November 06, 2024, Barclays started tracking the stock assigning a Overweight rating and target price of $16.
On November 04, 2024, Bernstein started tracking the stock assigning a Outperform rating and target price of $14.Bernstein initiated its Outperform rating on November 04, 2024, with a $14 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 24766803968 and an Enterprise Value of 22464698368. As of this moment, Tencent’s Price-to-Earnings (P/E) ratio for their current fiscal year is 24.18, and their Forward P/E ratio for the next fiscal year is 17.14. 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 2.53 while its Price-to-Book (P/B) ratio in mrq is 2.42. Its current Enterprise Value per Revenue stands at 0.791 whereas that against EBITDA is 2.728.
Stock Price History:
The Beta on a monthly basis for TME is 0.50, which has changed by 0.30410957 over the last 52 weeks, in comparison to a change of 0.08190584 over the same period for the S&P500. Over the past 52 weeks, TME has reached a high of $15.77, while it has fallen to a 52-week low of $9.41. The 50-Day Moving Average of the stock is 16.04%, while the 200-Day Moving Average is calculated to be 15.96%.
Shares Statistics:
It appears that TME traded 8.11M shares on average per day over the past three months and 12174040 shares per day over the past ten days. A total of 699.71M shares are outstanding, with a floating share count of 693.71M. Insiders hold about 0.86% of the company’s shares, while institutions hold 68.91% stake in the company. Shares short for TME as of 1740700800 were 23023910 with a Short Ratio of 2.84, compared to 1738281600 on 20625225. Therefore, it implies a Short% of Shares Outstanding of 23023910 and a Short% of Float of 3.2199999999999998.
Dividends & Splits
With its trailing 12-month dividend rate of 1.314, TME has a forward annual dividend rate of 0.14. Against a Trailing Annual Dividend Yield of 0.08932699
Earnings Estimates
The company has 10.0 analysts who recommend its stock at the moment. The consensus estimate for the next quarter is $1.42, with high estimates of $1.45 and low estimates of $1.36.
Analysts are recommending an EPS of between $6.02 and $5.11 for the fiscal current year, implying an average EPS of $5.66. EPS for the following year is $6.5, with 20.0 analysts recommending between $7.22 and $5.26.
Revenue Estimates
In the current quarter, 14 analysts expect revenue to total $7.27B. It ranges from a high estimate of $7.34B to a low estimate of $7.21B. As of the current estimate, Tencent Music Entertainment Group ADR’s year-ago sales were $6.77BFor the next quarter, 14 analysts are estimating revenue of $7.74B. There is a high estimate of $7.81B for the next quarter, whereas the lowest estimate is $7.67B.
A total of 29 analysts have provided revenue estimates for TME’s current fiscal year. The highest revenue estimate was $31.4B, while the lowest revenue estimate was $30.64B, resulting in an average revenue estimate of $31.02B. In the same quarter a year ago, actual revenue was $28.4BBased on 30 analysts’ estimates, the company’s revenue will be $34.32B in the next fiscal year. The high estimate is $35.88B and the low estimate is $32.91B.
