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TMETencent Music Entertainment Group · NYSE · Communication Services
$8.81$-0.34 · -3.72%
MKT 14.55B

Company Overview

Tencent Music Entertainment Group operates online music entertainment platforms that provides music streaming, online karaoke, and live streaming services in the People's Republic of China. It provides QQ Music, Kugou Music, and Kuwo Music that enable users to discover, enjoy, and share music in personalized ways; long-form audio content, including audiobooks, podcasts and talk shows, as well as music-oriented video content comprising music videos, live performances, and short videos; and WeSing, which enables users to sing along from its library of karaoke songs and share their performances in audio or video formats with friends. The company also delivers music-centric live streaming services primarily through the Live Streaming tab on QQ Music, Kugou Music, Kuwo Music, WeSing, Kugou Live, and Kuwo Live that provides an interactive online stage for performers and users to showcase their talent and engage with audience base; and Lazy Audio, an audio platform. In addition, it sells artist-related merchandise, such as branded apparel, posters and art prints, and accessories; other music services, such as content licensing, sales of digital albums, sales of customized artist-related merchandises, live performances and concerts, and artist management services; and music subscriptions, as well as offers advertising services across its social entertainment platforms. The company is headquartered in Shenzhen, China. Tencent Music Entertainment Group operates as a subsidiary of Tencent Holdings Limited.

Sector
Communication Services
Industry
Internet Content & Information
Phone
86 755 8601 3388
Headquarters
Building D
Shenzhen, 518057
China
Full-Time Employees
5,690

Key Metrics

P/E Ratio (TTM)
10.70
Forward P/E
8.43
Price to Book
1.19
Beta
0.78
Profit Margin
26.48%
Gross Margin
44.37%
Return on Equity
11.95%
Return on Assets
6.33%
Earnings Growth
-51.80%
Revenue Growth
7.30%
Dividend Yield
262.00%
Dividend Rate
$0.24

Financial Health

Total Cash
$26.74B
Total Debt
$4.84B
Debt to Equity
6.28
Current Ratio
2.09
Free Cash Flow
$4.60B
Operating Cash Flow
$10.04B

Analyst Recommendations

Target Price (Mean)
$15.89
Target High
$29.26
Target Low
$10.00
Recommendation
buy
Analyst Coverage
29 Analysts

Trading Ideas

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