Ratio Review: Analyzing Tencent Music Entertainment Group ADR (TME)’s Price-to-Cash and Price-to-Free Cash Flow

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After finishing at $14.51 in the prior trading day, Tencent Music Entertainment Group ADR (NYSE: TME) closed at $15.27, up 5.24%. In other words, the price has increased by $5.24 from its previous closing price. On the day, 7.62 million shares were traded. TME stock price reached its highest trading level at $15.34 during the session, while it also had its lowest trading level at $14.53.


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 2.67 and its Current Ratio is at 2.67. In the meantime, Its Debt-to-Equity ratio is 0.10 whereas as Long-Term Debt/Eq ratio is at 0.10.

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 26204542976 and an Enterprise Value of 27877023744. As of this moment, Tencent’s Price-to-Earnings (P/E) ratio for their current fiscal year is 32.99, and their Forward P/E ratio for the next fiscal year is 21.57. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.68. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.78 while its Price-to-Book (P/B) ratio in mrq is 2.85. Its current Enterprise Value per Revenue stands at 1.013 whereas that against EBITDA is 4.484.

Stock Price History:

Over the past 52 weeks, TME has reached a high of $15.77, while it has fallen to a 52-week low of $5.70. The 50-Day Moving Average of the stock is 7.50%, while the 200-Day Moving Average is calculated to be 48.64%.

Shares Statistics:

The stock has traded on average 7.56M shares per day over the past 3-months and 7106800 shares per day over the last 10 days, according to various share statistics. A total of 699.71M shares are outstanding, with a floating share count of 685.44M. Insiders hold about 2.04% of the company’s shares, while institutions hold 65.05% stake in the company. Shares short for TME as of 1718323200 were 25376291 with a Short Ratio of 3.36, compared to 1715731200 on 24610618.

Dividends & Splits

In the trailing 12 months, TME’s forward annual dividend rate was 0.972, compared to 0.14 this year. Against a Trailing Annual Dividend Yield of 0.06698828

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