(TME) Tencent Music Entertainment - Ratings and Ratios

Tencent Music Entertainment Group (NYSE:TME) is a leading provider of online music and entertainment services in China, operating a comprehensive ecosystem that integrates music streaming, online karaoke, live streaming, and long-form audio content. Its core platforms include QQ Music, Kugou Music, and Kuwo Music, which offer personalized music discovery and streaming services. The company also provides a wide range of music-oriented content, such as music videos, live performances, and short videos, as well as long-form audio content like audiobooks, podcasts, and talk shows. WeSing, its karaoke platform, allows users to sing along to a vast library of songs and share performances in audio or video formats. Additionally, TME operates music-centric live streaming services across multiple platforms, including Kugou Live and Kuwo Live, creating an interactive stage for performers and audiences. The company also owns Lazy Audio, a platform focused on audio content.

Beyond its digital offerings, TME sells music-related merchandise, such as branded apparel, posters, and accessories, as well as artist-related merchandise. It provides technology-driven music solutions for IoT device manufacturers, enabling them to build and operate branded music services on their devices. The company also generates revenue through advertising services across its platforms. Headquartered in Shenzhen, China, Tencent Music Entertainment Group is a subsidiary of Tencent Holdings Limited, one of the world’s largest technology companies.

Ticker Symbol: TME
Exchange: NYSE
Type: common stock
Country Origin: China
GICS Sub Industry: Movies & Entertainment

3-Month Forecast:
Last Price: 11.97
SMA 20: 13.26
SMA 50: 13.06
SMA 200: 12.07
ATR: 0.71
Based on technical indicators, TME is currently trading below its SMA 20 and SMA 50, signaling potential bearish momentum in the near term. However, the stock is above its SMA 200, indicating long-term bullish trends. The ATR of 0.71 suggests moderate volatility. The RSI (not provided) would further clarify overbought or oversold conditions.

Market Cap: 21657.68M USD
P/E: 21.56
P/E Forward: 15.65
P/B: 2.26
P/S: 0.76
RoE: 9.62
Fundamental analysis highlights TME’s relatively high P/E ratio compared to its forward P/E, suggesting expectations of future earnings growth. The P/B ratio of 2.26 indicates that the stock is trading at a premium to its book value. The P/S ratio of 0.76 reflects moderate valuation relative to sales. With an RoE of 9.62, the company demonstrates reasonable profitability. However, investors should monitor debt levels and margins for sustainability.