The closing price of Tencent Music Entertainment Group ADR (NYSE: TME) was $11.85 for the day, up 0.08% from the previous closing price of $11.84. In other words, the price has increased by $+0.01 from its previous closing price. On the day, 3799220 shares were traded.
Ratios:
Our analysis of TME’s different ratios will help us gain a deeper understanding of the company. 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 19.97B and an Enterprise Value of 17.75B. As of this moment, Tencent’s Price-to-Earnings (P/E) ratio for their current fiscal year is 26.98, and their Forward P/E ratio for the next fiscal year is 18.32. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.81. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.18 while its Price-to-Book (P/B) ratio in mrq is 2.49. Its current Enterprise Value per Revenue stands at 0.64 whereas that against EBITDA is 2.87.
Stock Price History:
The Beta on a monthly basis for TME is 0.81, which has changed by 54.70% over the last 52 weeks, in comparison to a change of 24.47% over the same period for the S&P500. Over the past 52 weeks, TME has reached a high of $11.97, while it has fallen to a 52-week low of $5.70. The 50-Day Moving Average of the stock is 10.43, while the 200-Day Moving Average is calculated to be 8.18.
Shares Statistics:
TME traded an average of 9.11M shares per day over the past three months and 5.9M shares per day over the past ten days. 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 59.26% stake in the company. Shares short for TME as of Mar 15, 2024 were 30.59M with a Short Ratio of 2.30, compared to 24.46M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.78% and a Short% of Float of 2.13%.
Earnings Estimates
The firm’s stock currently is rated by 9 analysts. 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 $0.67 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
It is expected that $90B in revenue will be generated in the current quarter, according to 11 analysts. It ranges from a high estimate of $1.01B to a low estimate of $901.17M. 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 $4.22B, while the lowest revenue estimate was $3.86B, resulting in an average revenue estimate of $3.97B. In the same quarter a year ago, actual revenue was $3.84B, 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 $4.69B and the low estimate is $4.24B. The average revenue growth estimate for next year is up 12.00% from the average revenue estimate for this year.
