In the latest session, Tencent Music Entertainment Group ADR (NYSE: TME) closed at $10.45 down -1.14% from its previous closing price of $10.57. In other words, the price has decreased by -$0.12 from its previous closing price. On the day, 8432685 shares were traded.
Ratios:
For a deeper understanding of Tencent Music Entertainment Group ADR’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.46 and its Current Ratio is at 2.46. 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 this company, Redburn Atlantic on February 05, 2024, initiated with a Buy rating and assigned the stock a target price of $12.
On February 05, 2024, CLSA started tracking the stock assigning a Outperform rating and target price of $10.50.
UBS Upgraded its Neutral to Buy on January 24, 2024, while the target price for the stock was maintained at $10.50.
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 18.58B and an Enterprise Value of 16.34B. As of this moment, Tencent’s Price-to-Earnings (P/E) ratio for their current fiscal year is 24.55, and their Forward P/E ratio for the next fiscal year is 20.44. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 10.67. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.81 while its Price-to-Book (P/B) ratio in mrq is 2.20. Its current Enterprise Value per Revenue stands at 0.58 whereas that against EBITDA is 2.79.
Stock Price History:
Over the past 52 weeks, TME has reached a high of $10.89, while it has fallen to a 52-week low of $5.70. The 50-Day Moving Average of the stock is 9.59, while the 200-Day Moving Average is calculated to be 7.85.
Shares Statistics:
For the past three months, TME has traded an average of 8.66M shares per day and 9.5M over the past ten days. A total of 696.11M shares are outstanding, with a floating share count of 688.98M. Insiders hold about 1.02% of the company’s shares, while institutions hold 61.31% stake in the company. Shares short for TME as of Feb 29, 2024 were 26.19M with a Short Ratio of 3.03, compared to 19.57M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.53% and a Short% of Float of 1.83%.
Earnings Estimates
There are 11 different market analysts currently analyzing its stock. 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 $0.13. The consensus estimate for the next quarter is $0.13, with high estimates of $0.14 and low estimates of $0.13.
Analysts are recommending an EPS of between $0.53 and $0.49 for the fiscal current year, implying an average EPS of $0.51. EPS for the following year is $0.58, with 20 analysts recommending between $0.63 and $0.53.
Revenue Estimates
A total of 14 analysts believe the company’s revenue will be $933.79M this quarter.It ranges from a high estimate of $949.75M to a low estimate of $922.74M. As of the current estimate, Tencent Music Entertainment Group ADR’s year-ago sales were $1.06B, an estimated decrease of -11.90% from the year-ago figure. For the next quarter, 8 analysts are estimating revenue of $887.36M, a decrease of -9.50% over than the figure of -$11.90% in the same quarter last year. There is a high estimate of $903.29M for the next quarter, whereas the lowest estimate is $868.3M.
A total of 28 analysts have provided revenue estimates for TME’s current fiscal year. The highest revenue estimate was $3.86B, while the lowest revenue estimate was $3.81B, resulting in an average revenue estimate of $3.84B. In the same quarter a year ago, actual revenue was $4.04B, down -5.10% from the average estimate. Based on 28 analysts’ estimates, the company’s revenue will be $3.9B in the next fiscal year. The high estimate is $4B and the low estimate is $3.82B. The average revenue growth estimate for next year is up 1.70% from the average revenue estimate for this year.
