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Tencent Music Entertainment GroupNYSE:TME Stock Report

Market Cap US$14.4b
Share Price
US$9.19
US$26.92
65.9% undervalued intrinsic discount
1Y-36.5%
7D-5.5%
Portfolio Value
View

Tencent Music Entertainment Group

NYSE:TME Stock Report

Market Cap: US$14.4b

Tencent Music Entertainment Group (TME) Stock Overview

Operates online music entertainment platforms that provides music streaming, online karaoke, and live streaming services in the People’s Republic of China. More details

TME fundamental analysis
Snowflake Score
Valuation5/6
Future Growth1/6
Past Performance5/6
Financial Health6/6
Dividends3/6

TME Community Fair Values

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See what 39 others think this stock is worth. Follow their fair value or set your own to get alerts.

US$7.43
47.9% undervalued intrinsic discount
Fair Value
Revenue
36.8% p.a.
Profit Margin
25%
Future PE
20x
Price in 2031
US$11.97

Tencent Music Entertainment Group Competitors

Price History & Performance

Summary of share price highs, lows and changes for Tencent Music Entertainment Group
Historical stock prices
Current Share PriceUS$9.19
52 Week HighUS$26.70
52 Week LowUS$9.15
Beta0.61
1 Month Change-36.31%
3 Month Change-47.58%
1 Year Change-36.49%
3 Year Change21.08%
5 Year Change-53.23%
Change since IPO-34.36%

Recent News & Updates

Tencent Music Entertainment: Aggressive MAU Slippage Paired With Even More Aggressive Sell-Off

Mar 30

Recent updates

Tencent Music Entertainment: Aggressive MAU Slippage Paired With Even More Aggressive Sell-Off

Mar 30

Investors Will Want Tencent Music Entertainment Group's (NYSE:TME) Growth In ROCE To Persist

Dec 31
Investors Will Want Tencent Music Entertainment Group's (NYSE:TME) Growth In ROCE To Persist

Calculating The Fair Value Of Tencent Music Entertainment Group (NYSE:TME)

Dec 16
Calculating The Fair Value Of Tencent Music Entertainment Group (NYSE:TME)

Tencent Music Entertainment Group (NYSE:TME) Seems To Use Debt Rather Sparingly

Sep 12
Tencent Music Entertainment Group (NYSE:TME) Seems To Use Debt Rather Sparingly

There's Been No Shortage Of Growth Recently For Tencent Music Entertainment Group's (NYSE:TME) Returns On Capital

Jun 26
There's Been No Shortage Of Growth Recently For Tencent Music Entertainment Group's (NYSE:TME) Returns On Capital

Tencent Music Entertainment Group's (NYSE:TME) Shares Climb 38% But Its Business Is Yet to Catch Up

May 21
Tencent Music Entertainment Group's (NYSE:TME) Shares Climb 38% But Its Business Is Yet to Catch Up

Does Tencent Music Entertainment Group (NYSE:TME) Have A Healthy Balance Sheet?

May 13
Does Tencent Music Entertainment Group (NYSE:TME) Have A Healthy Balance Sheet?

An Intrinsic Calculation For Tencent Music Entertainment Group (NYSE:TME) Suggests It's 24% Undervalued

Apr 10
An Intrinsic Calculation For Tencent Music Entertainment Group (NYSE:TME) Suggests It's 24% Undervalued

Tencent Music: Seizing Opportunities In Music Business Amid Hurdles

Mar 24

Tencent Music: Caveats To The Recent Momentum

Feb 03
User avatar

Innovative Content And Calculated Partnerships Unlock Sustainable Revenue Growth Ahead

Expansion of SVIP memberships and exclusive content offerings could boost ARPPU and subscription revenue growth.

Tencent Music: Singing To Its Strengths While Social Entertainment Hits A Sour Note

Nov 21

Tencent Music Entertainment Group: ARPPU Challenge Overshadows Subscriber Growth

Nov 13

Many Things To Like About Tencent Music Entertainment

Oct 11

Tencent Music Entertainment Group: Positive Fundamental Trends But Richly Valued

Jul 31

Tencent Music Entertainment's Foreseeable Path To Prosperity With Structural Opportunities

Mar 06

Tencent Music Entertainment: Consider Music Business Growth And Shareholder Return

Jan 11

Tencent Music: Turnaround, Interrupted

Oct 26

Tencent Music: Post-Earnings Stock Price Outperformance Isn't Sustainable

Aug 18

Tencent Music: It's Time To Tune In

Jul 25

Shareholder Returns

TMEUS EntertainmentUS Market
7D-5.5%2.1%-0.6%
1Y-36.5%5.5%16.0%

Return vs Industry: TME underperformed the US Entertainment industry which returned 5.5% over the past year.

Return vs Market: TME underperformed the US Market which returned 16% over the past year.

Price Volatility

Is TME's price volatile compared to industry and market?
TME volatility
TME Average Weekly Movement9.7%
Entertainment Industry Average Movement9.1%
Market Average Movement7.1%
10% most volatile stocks in US Market16.4%
10% least volatile stocks in US Market3.3%

Stable Share Price: TME has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: TME's weekly volatility (10%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/a5,353Ross Liangwww.tencentmusic.com

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 offers 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.

Tencent Music Entertainment Group Fundamentals Summary

How do Tencent Music Entertainment Group's earnings and revenue compare to its market cap?
TME fundamental statistics
Market capUS$14.37b
Earnings (TTM)US$1.61b
Revenue (TTM)US$4.79b
8.8x
P/E Ratio
3.0x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
TME income statement (TTM)
RevenueCN¥32.90b
Cost of RevenueCN¥18.37b
Gross ProfitCN¥14.54b
Other ExpensesCN¥3.48b
EarningsCN¥11.06b

Last Reported Earnings

Dec 31, 2025

Next Earnings Date

n/a

Earnings per share (EPS)7.14
Gross Margin44.18%
Net Profit Margin33.60%
Debt/Equity Ratio4.2%

How did TME perform over the long term?

See historical performance and comparison

Dividends

2.6%
Current Dividend Yield
23%
Payout Ratio

Does TME pay a reliable dividends?

See TME dividend history and benchmarks
When do you need to buy TME by to receive an upcoming dividend?
Tencent Music Entertainment Group dividend dates
Ex Dividend DateApr 02 2026
Dividend Pay DateApr 23 2026
Days until Ex dividend0 days
Days until Dividend pay date21 days

Does TME pay a reliable dividends?

See TME dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/04/01 21:47
End of Day Share Price 2026/04/01 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Tencent Music Entertainment Group is covered by 62 analysts. 28 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jiong ShaoBarclays
Yanfang JiangBenchmark Company
Boris VanBernstein