Skip to Content

Tencent Music Entertainment Group ADR TME

Morningstar Rating
$10.29 +0.15 (1.48%)
View Full Chart
Unlock our analysis with Morningstar Investor

Company Report

Price vs Fair Value

TME is trading at a 18% discount.
Price
$10.29
Fair Value
$79.60
Uncertainty
Very High
1-Star Price
$27.33
5-Star Price
$6.69
Economic Moat
Qkjfpj
Capital Allocation
Jcchqxnv

Bulls Say, Bears Say

Bulls

Compared with Spotify, TME has plenty of room for subscriber growth that should come about as it moves more music content behind the paywall.

Bears

The removal of exclusive content sourcing deals will enable competitors to bridge the music content gap and grab market share from TME.

Is it the right time to buy, sell, or hold?
Start a free trial of Morningstar Investor to unlock exclusive ratings and continuous analyst coverage to help you decide if TME is a good fit for your portfolio.

News

Trading Information

Previous Close Price
$10.14
Day Range
$10.0010.38
52-Week Range
$5.7010.70
Bid/Ask
$10.14 / $10.28
Market Cap
$17.66 Bil
Volume/Avg
3,391 / 8.3 Mil

Key Statistics

Price/Earnings (Normalized)
19.65
Price/Sales
4.03
Dividend Yield (Trailing)
Dividend Yield (Forward)
Total Yield

Company Profile

TME is the largest online music service provider in China. It was founded in 2016 with the business combination of QQ Music (founded in 2005), Kuwo Music (founded in 2005) and Kugou Music (founded in 2004) streaming platforms. Tencent is the largest shareholder of TME with over 50% shares and over 90% voting rights held. TME also provides social entertainment services, including music live audio/video broadcasts and online concert services through the three platforms mentioned above, and online karaoke through an independent platform WeSing.
Sector
Communication Services
Industry
Internet Content & Information
Stock Style Box
Large Growth
Total Number of Employees
5,805

Competitors

Valuation

Metric
TME
SPOT
SIRI
Price/Earnings (Normalized)
19.6512.74
Price/Book Value
2.3517.26
Price/Sales
4.033.322.09
Price/Cash Flow
14.50203.438.97
Price/Earnings
TME
SPOT
SIRI

Financial Strength

Metric
TME
SPOT
SIRI
Quick Ratio
2.171.240.23
Current Ratio
2.461.290.33
Interest Coverage
32.64−11.984.71
Quick Ratio
TME
SPOT
SIRI

Profitability

Metric
TME
SPOT
SIRI
Return on Assets (Normalized)
8.59%−0.79%14.82%
Return on Equity (Normalized)
11.73%−2.65%
Return on Invested Capital (Normalized)
9.04%−3.06%27.62%
Return on Assets
TME
SPOT
SIRI
See how this stock stacks up to its competitors with Morningstar Investor

Internet Content & Information Industry Comparables

Ticker
Name
Morningstar Rating for Stocks
Economic Moat
Market Cap
GOOG
Alphabet Inc Class CDptm$1.8 Tril
GOOGL
Alphabet Inc Class ANtcn$1.8 Tril
META
Meta Platforms Inc Class AGsfk$1.2 Tril
TCEHY
Tencent Holdings Ltd ADRMzg$351.4 Bil
DASH
DoorDash Inc Ordinary Shares - Class AXvtxq$49.1 Bil
SPOT
Spotify Technology SAPbcj$48.9 Bil
BIDU
Baidu Inc ADRWvb$38.3 Bil
PINS
Pinterest Inc Class AXdtxcbc$24.4 Bil
SNAP
Snap Inc Class AXjzb$17.7 Bil

Sponsor Center