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Tencent Music Entertainment Group (TME)

(Delayed Data from NYSE)

$12.88 USD

12.88
6,008,560

+0.20 (1.58%)

Updated Apr 26, 2024 04:00 PM ET

After-Market: $12.88 0.00 (0.00%) 7:58 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.20%
2Buy18.04%
3Hold9.52%
4Sell5.20%
5Strong Sell2.60%
S&P50011.13%

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2-Buy of 5   2      

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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C Value C Growth D Momentum C VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Bottom 32% (171 out of 252)

Industry: Internet - Content

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Balance Sheet

Research for TME

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

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Fiscal Year End for Tencent Music Entertainment Group Sponsored ADR falls in the month of December.

All items in Millions except Per Share data.

12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Assets          
Cash & Equivalents 3,331 3,108 3,166 3,771 3,251
Receivables 412 397 560 406 318
Notes Receivable 0 0 0 0 0
Inventories 1 2 4 3 4
Other Current Assets 486 440 423 412 321
Total Current Assets 4,230 3,947 4,153 4,591 3,894
Net Property & Equipment 69 48 38 26 26
Investments & Advances 2,803 2,130 2,387 2,221 820
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 50 52 54 44 28
Intangibles 3,393 3,617 3,634 2,827 2,715
Deposits & Other Assets 76 105 115 139 118
Total Assets 10,673 9,958 10,424 9,893 7,623
Liabilities & Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Notes Payable 0 0 0 0 0
Accounts Payable 707 743 671 517 370
Current Portion Long-Term Debt 0 0 0 0 0
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 0 0 0 0 0
Income Taxes Payable 80 60 56 64 56
Other Current Liabilities 894 920 878 795 792
Total Current Liabilities 1,698 1,741 1,620 1,391 1,229
Mortgages 0 0 0 0 0
Deferred Taxes/Income 55 47 55 50 53
Convertible Debt 0 0 0 0 0
Long-Term Debt 796 823 785 750 0
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 0 1 19 30 10
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 2,591 2,657 2,511 2,252 1,302
Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Preferred Stock 0 0 0 0 0
Common Stock (Par) 0 0 0 0 0
Capital Surplus 5,168 5,417 5,617 5,078 4,981
Retained Earnings 2,398 1,791 2,200 1,610 1,014
Other Equity 1,505 1,035 664 972 325
Treasury Stock 989 943 567 19 0
Total Shareholder's Equity 8,083 7,300 7,914 7,641 6,320
Total Liabilities & Shareholder's Equity 10,673 9,958 10,424 9,893 7,623
Total Common Equity 8,083 7,300 7,914 7,641 6,320
Shares Outstanding 1,716.08 1,716.08 1,677.50 1,677.50 1,677.50
Book Value Per Share 4.71 4.25 4.72 4.55 3.77

Fiscal Year End for Tencent Music Entertainment Group Sponsored ADR falls in the month of December.

All items in Millions except Per Share data.

3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Assets          
Cash & Equivalents -99,999 3,331 3,047 3,172 2,989
Receivables NA 412 343 339 396
Notes Receivable NA 0 0 0 0
Inventories NA 1 1 1 2
Other Current Assets NA 486 458 433 376
Total Current Assets NA 4,230 3,849 3,945 3,763
Net Property & Equipment NA 69 60 55 50
Investments & Advances NA 2,803 2,599 2,477 2,523
Other Non-Current Assets NA 0 0 0 0
Deferred Charges NA 50 51 47 51
Intangibles NA 3,393 3,308 3,334 3,536
Deposits & Other Assets NA 76 79 89 87
Total Assets NA 10,673 9,999 9,994 10,064
Liabilities & Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Notes Payable NA 0 0 0 0
Accounts Payable NA 707 692 719 775
Current Portion Long-Term Debt NA 0 0 0 0
Current Portion Capital Leases NA 0 0 0 0
Accrued Expenses NA 0 0 0 0
Income Taxes Payable NA 80 67 64 60
Other Current Liabilities NA 894 789 778 747
Total Current Liabilities NA 1,698 1,564 1,578 1,599
Mortgages NA 0 0 0 0
Deferred Taxes/Income NA 55 47 43 47
Convertible Debt NA 0 0 0 0
Long-Term Debt NA 796 783 793 795
Non-Current Capital Leases NA 0 0 0 0
Other Non-Current Liabilities NA 0 0 0
Minority Interest (Liabilities) NA 0 0 0 0
Total Liabilities NA 2,591 2,438 2,448 2,483
Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Preferred Stock NA 0 0 0 0
Common Stock (Par) NA 0 0 0 0
Capital Surplus NA 5,168 5,016 5,037 5,307
Retained Earnings NA 2,398 2,147 1,999 1,922
Other Equity NA 1,505 1,294 1,335 1,238
Treasury Stock NA 989 896 826 886
Total Shareholder's Equity NA 8,083 7,561 7,545 7,581
Total Liabilities & Shareholder's Equity NA 10,673 9,999 9,994 10,064
Total Common Equity 0 8,083 7,561 7,545 7,581
Shares Outstanding 1,716.08 1,716.08 1,716.00 1,716.00 1,716.00
Book Value Per Share 0.00 4.71 4.41 4.40 4.42