TME
Price:
$11.89
Market Cap:
$151.52B
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
According to Tencent Music Entertainment Group’s latest financial reports and current stock price. The company's current ROE is 9.99%. This represents a change of 300.68% compared to the average of 2.49% of the last 4 quarters.
The mean historical ROE of Tencent Music Entertainment Group over the last ten years is 6.24%. The current 9.99% ROE has changed 60.25% 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%.
Average
6.24%
Median
6.83%
Minimum
0.40%
Maximum
9.14%
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%
Year | ROE | Change |
---|---|---|
2023 | 8.80% | 15.12% |
2022 | 7.64% | 26.99% |
2021 | 6.02% | -24.31% |
2020 | 7.95% | -12.94% |
2019 | 9.14% | 87.99% |
2018 | 4.86% | -4.20% |
2017 | 5.07% | 1.18% |
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’s ROE is less than Baidu, Inc. (7.30%), greater than Twilio Inc. (-5.12%), less than Spotify Technology S.A. (19.04%), less than Weibo Corporation (11.10%), less than JOYY Inc. (3.94%), greater than DouYu International Holdings Limited (-3.26%), less than Autohome Inc. (7.68%), less than Hello Group Inc. (11.54%), less than Yelp Inc. (16.02%), greater than Zhihu Inc. (-8.23%), less than Tencent Holdings Limited (19.80%), greater than Snap Inc. (-43.31%), less than Alphabet Inc. (31.66%), less than Pinterest, Inc. (7.00%),
Company | ROE | Market cap |
---|---|---|
7.30% | $30.37B | |
-5.12% | $17.08B | |
19.04% | $90.37B | |
11.10% | $2.41B | |
3.94% | $2.21B | |
-3.26% | $362.63M | |
7.68% | $3.20B | |
11.54% | $1.27B | |
16.02% | $2.56B | |
-8.23% | $318.94M | |
19.80% | $493.23B | |
-43.31% | $18.75B | |
31.66% | $2.41T | |
7.00% | $20.21B |
One of the best ways to find valuable stocks to invest in is to build a custom made screener in your Excel or Google Sheets spreadsheet. This allows you to compare thousands of companies like Tencent Music Entertainment Group using the financials and key metrics that matter to you in a single view.
The easiest way to set this up is to use the Wisesheets add-on and set your spreadsheet like this:
Covering all these metrics from financial, data, dividend data, key metrics and more you can get all the data you want for over 50+ exchanges worldwide.
Get your free trial here.
The easiest way to analyze a company like Tencent Music Entertainment Group or any others is to create a spreadsheet model that automatically retrieves all of the stock data you need.
Using Wisesheets you can set up a spreadsheet model like this with simple spreadsheet formulas. If you change the ticker you can get all of the data automatically updated for you.
Whether you need live data, historical price data, financials, dividend data, key metrics, analyst estimates, or anything else...Wisesheets has you covered.
What is the ROE?
How can you use the ROE?
What is Tencent Music Entertainment Group's ROE?
How is the ROE calculated for Tencent Music Entertainment Group (TME)?
What is the highest ROE for Tencent Music Entertainment Group (TME)?
What is the 3-year average ROE for Tencent Music Entertainment Group (TME)?
What is the 5-year average ROE for Tencent Music Entertainment Group (TME)?
How does the current ROE for Tencent Music Entertainment Group (TME) compare to its historical average?