Tencent Music Entertainment Group

Tencent Music Entertainment Groupverified

TME

Price:

$10.18

Market Cap:

$118.01B

Tencent Music Entertainment Group operates online music entertainment platforms to provide 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 and listen to music in personalized ways; and WeSing, which enables users to have fun by singing and interacting with friends, sharing their singing performances with friends, and discovering songs that others have sung. The company also operates Kugou Music, Kuwo Music, WeSing, QQ Music, Kugou Live, and Kuwo Live that provides an interactive online stage for performers and users to showcase their talent and engage with those inter...[Read more]

Industry

Internet Content & Information

IPO Date

2018-12-12

Stock Exchange

NYSE

Ticker

TME

The ROE as of September 2024 (TTM) for Tencent Music Entertainment Group (TME) is 9.69%

According to Tencent Music Entertainment Group’s latest financial reports and current stock price. The company's current ROE is 9.69%. This represents a change of 301.60% compared to the average of 2.41% of the last 4 quarters.

Tencent Music Entertainment Group (TME) Historical ROE (quarterly & annually)

How has TME ROE performed in the past?

The mean historical ROE of Tencent Music Entertainment Group over the last ten years is 6.24%. The current 9.69% ROE has changed 55.33% with respect to the historical average. Over the past ten years (40 quarters), TME's ROE was at its highest in in the March 2018 quarter at 3.22%. The ROE was at its lowest in in the April 2016 quarter at -2.92%.

Quarterly (TTM)
Annual

Average

6.24%

Median

6.83%

Minimum

0.40%

Maximum

9.14%

Tencent Music Entertainment Group (TME) ROE by Quarter and Year

Discovering the peaks and valleys of Tencent Music Entertainment Group ROE, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 1.18%

Maximum Annual ROE = 9.14%

Minimum Annual Increase = -24.31%

Minimum Annual ROE = 0.40%

Quarterly (TTM)
Annual
YearROEChange
20238.80%15.12%
20227.64%26.99%
20216.02%-24.31%
20207.95%-12.94%
20199.14%87.99%
20184.86%-4.20%
20175.07%1.18%

Tencent Music Entertainment Group (TME) Average ROE

How has TME ROE performed in the past?

The current ROE of Tencent Music Entertainment Group (TME) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

7.49%

5-year avg

7.91%

10-year avg

6.24%

Tencent Music Entertainment Group (TME) ROE vs. Peers

How is TME’s ROE compared to its peers?

Tencent Music Entertainment Group’s ROE is less than Baidu, Inc. (7.90%), greater than Twilio Inc. (-6.28%), less than Spotify Technology S.A. (15.24%), less than Weibo Corporation (9.80%), less than JOYY Inc. (4.20%), greater than DouYu International Holdings Limited (-1.00%), less than Autohome Inc. (8.41%), less than Hello Group Inc. (12.28%), less than Yelp Inc. (18.71%), greater than Zhihu Inc. (-13.85%), less than Tencent Holdings Limited (18.59%), greater than Snap Inc. (-51.41%), less than Alphabet Inc. (30.48%), less than Pinterest, Inc. (6.27%),

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