Tencent Music Entertainment Group stock
TMENYSECommunication ServicesISIN US88034P1093
71Score 71 out of 100, Strong
Price and trend
58 / 100
Price history
−53% in one yearThe chart shows daily closes over 8 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.
Below the 200-day line: the price is 9.0% below it.
Since January 2026 the 50-day line has been below the 200-day line; the trend has turned down.
Normal: the price is neither overheated nor sold off (RSI 63).
The price is 53% below its 52-week high. Largest decline in 8 years: 90% (March 2021 to March 2022).
Chart figures for advanced users
- SMA 50$8.40
- Average price of the last 50 trading days, shows the short-term trend.
- SMA 200$9.92
- Average price of the last 200 trading days, shows the long-term trend.
- RSI (14)63
- Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
- MACDabove the signal line
- Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
- Support$7.74
- The lowest closing price of the last twelve months.
- Resistance$19.01
- The highest closing price of the last twelve months.
Snapshot
Computed from the data by fixed rules, no AI
- Tencent Music Entertainment Group belongs to the Internet Content & Information industry (China) and, with a market value of $13.33B, is number 13 of 46 companies in its industry on MEQIRI.
- This is an American depositary receipt (ADR).
- In fiscal 2025 it reported revenue of $4.93B (up 15.8% year on year) and earnings of $1.66B (up 66.4%).
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- MEQIRI Score 71 out of 100 (Strong): rank 33 of 232 in Communication Services, median 58.
- The P/E is 10.9 (Internet Content & Information median 15.8, own median of recent years 24.4).
- Our model puts fair value at $14.25, with the price 35% below it.
In plain words
The numbers on this page in plain words, written by an AI
Strengths
- Earnings per share growingUp 22.9% a year since 2020.Growth 64
- High marginNet margin 26.3% over the last 12 months, Internet Content & Information median 7.8%.Profitability 76
- Below fair valuePrice 35% below the fair value of $14.25.Valuation 86
Weaknesses
- Share price fell sharplyDown 57% over the last 12 months.Momentum 45
- Margin may fall backOperating margin 29.6%, average of the prior years 16.2%, which ranged from 12.2% to 30.7%. After peaks like this, the margin was more than a quarter lower two years later in 44 of 100 cases, against 24 of 100 for other companies with high margins.
- Volatile share priceVolatility 47% a year over the last 12 months.
Its standout strengths are fundamentals and valuation, while momentum holds the score back.
Daily figure as of 12 Nov 2026
How the score is calculatedScore overview
Fundamentals are strong, with stable profits and strong cash generation.
Score history
The full history of up to 20 years comes with MEQIRI Pro.
See plansCrash risk medium
How well MEQIRI warnsIn the middle among smaller stocks.
From 2016 to 2025, 20 in 100 such stocks fell 30% or more within a year, against a group average of 23 in 100.
What drives the risk
- price far below its 52-week high
- high price swings
What lowers it
- solid fundamentals
- price not overheated over the past year
Valuation
Valuation signal
Significantly undervaluedClosing price of 11 Nov 2026, used by the daily score.
In our model the price counts as cheap below $10.18 and expensive above $23.74 (uncertainty high, based on the price swings of the past year).
The two parts of the fair value come to $15.36 (cash-flow model) and $13.13 (industry comparison), and the gap between them shows how uncertain the estimate is. The price is below both.
Calculated with a cost of equity of 9.4%. At 10.4% the fair value would be $13.31, at 8.4% it would be $15.50.
Valuation metrics
Half from the cash-flow model, half from earnings times the industry P/E (15.8).
Calculate with your own assumptionsCompany performance
This shows several years of history with an automatic assessment.
Revenue
In the twelve months to 30 Jun 2026, revenue rose 9% on the twelve months before. Revenue has grown strongly since 2016, at around 25% per year.
Margins
- Gross margin
- Operating margin
- Net margin
In fiscal 2025: gross 44%, operating 30%, net 34%. Last 12 months: net 26%.
Debt & balance sheet
latest quarterThe balance sheet is solid, with low debt and comfortable interest coverage.
Earnings
- Next earnings
- 17 Nov 2026in 5 days
- Last reported
- 11 Aug 2026above expectations
Analyst estimates
Earnings estimates have barely changed since 15 Oct 2026.
- Earnings per share
- 5.87+0.3%
- Revenue
- $5.32B+0.3%
- Earnings per share
- 6.33+0.3%
- Revenue
- $5.74B+0.3%
MEQIRI has stored the estimates since 15 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.
Company outlook confirmed
Share price after the results: −14.5%No guidance change stated: gross profit margin is projected to be slightly lower year-over-year in the second half.
The outlook is not part of the score and not a recommendation to buy or sell.
From the earnings call on 11 Aug 2026 (fiscal Q2 2026), read by AI.
Insiders
Open-market purchases and sales by executives, board members and major holders
No open-market purchases or sales in the last 6 months.
Source: Form 4 filings with the US Securities and Exchange Commission. Grants, option exercises, gifts and tax withholdings are hidden. Not a recommendation to buy.
What happened at Tencent Music Entertainment Group
The key events of the last six months from our own data. A click takes you to the matching card.
Sector comparison
232 rated companies in Communication Services
- This company
- 71
- Sector median
- 58
Categories against the sector median
The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.
Competitors in Internet Content & Information
The next larger and next smaller companies by market value
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- Kuaishou Technology1024.HK $15.71B59
- PinterestPINS $10.91B54
- Kakao035720.KS $10.59B55
- Match GroupMTCH $9.47B77
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ETFs that hold Tencent Music Entertainment Group
Held by 45 ETFs on Xetra. Shown per index: the ETF with the largest weight.
| ETF | Weight | Cost | Fund size |
|---|---|---|---|
| UBS Solactive China Technology UCITS ETF USD accUIC2 | 0.97% | 0.47% | €255.87M |
| EMQQ Emerging Markets Internet UCITS ETF AccEMQQ | 0.61% | 0.86% | €87.6M |
| iShares MSCI EM Consumer Growth UCITS ETFCEMG | 0.27% | 0.60% | €31.52M |
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| UBS MSCI China Universal UCITS ETF USD disUETC | 0.25% | 0.30% | €134.65M |
| Xtrackers MSCI China UCITS ETF 1CXCS6 | 0.24% | 0.65% | €1.51B |
| Deka MSCI China ex A Shares UCITS ETFEL46 | 0.23% | 0.65% | €74.12M |
| Franklin FTSE China UCITS ETFFLXC | 0.18% | 0.19% | €1.3B |
| State Street SPDR MSCI EM Asia UCITS ETF Accum USDSPYA | 0.07% | 0.55% | €1.3B |
Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).
Data status and sources
- Score
- Daily value of 12 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 11 Nov 2026 ($1 = CN¥6.6707)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong, published since 7 Nov 2026 (in the score history since 3 Nov 2026)
- Valuation signal Undervalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.