텐센트 뮤직 엔터테인먼트(TME) 주가 전망 및 기업 분석 - PER·배당·실적·목표주가·RSI·MACD

TME

Tencent Music Entertainment Group ADR

7월 27일 4:00 PM ET (한국 7/28 05:00)

$9.33

+0.47 ▲ +5.30%

🌙 7월 27일 5:24 PM ET (한국 7/28 06:24)

$9.31

-0.02 ▼ -0.21%

텐센트 뮤직 엔터테인먼트(TME) is a Communication Services sector company, analyzed across 14 metrics on this page including P/E, EPS, dividends, RSI, and MACD.

시가총액

$5.6B

스몰캡

P/E

11.4

저평가 구간

배당수익률

2.45%

52주 위치

저점 +18% · 고점 -65%

애널리스트

매수

B-

Fundamental health

vs. Internet Content & Information

수익성

Top 17%

성장

Top 46%

밸류에이션

Top 66%

재무 안정

Top 49%

Index ⓘ	-	P/E ⓘ	11.39	EPS (ttm) ⓘ	0.82	Insider Own ⓘ	0.01%	Shs Outstand ⓘ	598.3M	Perf Week ⓘ	1.74%
Market Cap ⓘ	5.58B	Forward P/E ⓘ	9.46	EPS next Y ⓘ	9.7%	Insider Trans ⓘ	-	Shs Float ⓘ	598.2M	Perf Month ⓘ	14.34%
Enterprise Value ⓘ	2.81B	PEG ⓘ	4.17	EPS next Q ⓘ	0.23	Inst Own ⓘ	74.3%	Short Float ⓘ	5.01%	Perf Quarter ⓘ	-0.11%
Income ⓘ	1.25B	P/S ⓘ	1.19	EPS this Y ⓘ	-14.37%	Inst Trans ⓘ	-0.8%	Short Ratio ⓘ	3.09	Perf Half Y ⓘ	-44.46%
Sales ⓘ	4.71B	P/B ⓘ	1.24	EPS next 5Y ⓘ	2.27%	ROA ⓘ	8.91%	Short Interest ⓘ	30.00M	Perf YTD ⓘ	-46.78%
Book/sh ⓘ	7.52	P/C ⓘ	1.44	EPS past 3/5Y ⓘ	43.29% 22.52%	ROE ⓘ	11.95%	52W High ⓘ	-65.06% ($26.70)	Perf Year ⓘ	-56.2%
Cash/sh ⓘ	6.47	P/FCF ⓘ	-	Sales past 3/5Y ⓘ	2.84% 1.62%	ROIC ⓘ	10.89%	52W Low ⓘ	17.51% ($7.94)	Perf 3Y ⓘ	46.93%
Dividend Est. ⓘ	$0.23 (2.45%)	EV/EBITDA ⓘ	1.74	EPS Y/Y TTM ⓘ	-3.49%	Gross Margin ⓘ	44.38%	Volatility(W/M) ⓘ	2.58% 2.91%	Perf 5Y ⓘ	-6.33%
Dividend TTM ⓘ	0.24	EV/Sales ⓘ	0.6	Sales Y/Y TTM ⓘ	17.25%	Oper. Margin ⓘ	29.64%	ATR (14) ⓘ	0.3	Perf 10Y ⓘ	-
Dividend Ex-Date ⓘ	2026/4/2	Quick Ratio ⓘ	2.08	EPS Q/Q ⓘ	-49.1%	Profit Margin ⓘ	26.47%	RSI (14) ⓘ	61.02	Recom ⓘ	1.71
Dividend Gr. 3/5Y ⓘ	-	Current Ratio ⓘ	2.09	Sales Q/Q ⓘ	12.79%	SMA20 ⓘ	5.6% ($8.84)	Beta ⓘ	0.81	Target Price ⓘ	$14.31
Payout ⓘ	23.21%	Debt/Eq ⓘ	0.07	Earnings ⓘ	2026/8/11	SMA50 ⓘ	4.84% ($8.9)	Rel Volume ⓘ	1.2	Prev Close ⓘ	$8.86
Employees ⓘ	5690	LT Debt/Eq ⓘ	0.06	EPS/Sales Surpr. ⓘ	-1.65% 0.49%	SMA200 ⓘ	-33.62% ($14.06)	Avg Volume(3M) ⓘ	9.70M	Price ⓘ	$9.33
IPO ⓘ	2018/12/12	Option/Short ⓘ	Yes/Yes			Trades ⓘ	27195	Volume ⓘ	11,604,760	Change ⓘ	5.3%

Quarterly earnings trend Quarterly earnings data is not yet available — foreign-listed companies (ADRs) only file annual reports with the U.S., and recently listed companies may not have filed their first quarterly report.

📊 Tencent Music Entertainment Group ADR (TME) Investment Analysis

What kind of company is Tencent Music Entertainment Group ADR?

텐센트 뮤직 엔터테인먼트(TME) 배당주

Communication Services · Internet Content & Information

#1327 by Market Cap — Mid-Cap

🎵 This is an American Depositary Receipt (ADR) of a Chinese company that operates online music streaming and social entertainment services. The company runs multiple music streaming apps along with social entertainment features such as live broadcasting and karaoke. Its performance is closely tied to paid subscriber numbers, music and social revenue, and China's consumer and regulatory environment, making it an internet content stock.

Learn more about Tencent Music Entertainment Group ADR →

Market Cap

$5.6B

Approx. KRW 7.6 trillion

⚖️ 2% of Samsung Electronics

Market Cap Rank1327

Employees5,690people

IPO2018/12/12

Current Price$9.33 ≈ 12,782원

NYSE · China

Key Events

⏰ Upcoming events

🔔 Earnings release D-15

8월 11일 (화) · 장 시작 전

예상 EPS $0.23

🎯 Ex-dividend date

No scheduled dividends

📜 Recent events

🔔 Earnings release 2026년 5월 12일 (화) · 장 시작 전 EPS -1.6% 매출 +0.5%

🎯 Ex-div 2026년 4월 2일 (목)

🔔 Earnings release 2026년 3월 17일 (화) · 장 시작 전 EPS -7.8% 매출 +2.7%

Is it profitable?

Solid company — profitability & finances both healthy

Strong earnings and excellent financial health

Profitability — How efficiently it makes money

Operating Margin

Profit kept from selling products and services (higher is better)

29.6%

✓ 우수

My positionTop 5%

Low range Average High range

Internet Content & Information Median 1.3% · Top tier

💡 일반적으로 10% 이상이면 양호, 20% 이상이면 우수

Net Margin

Share of revenue left after taxes and interest are paid

26.5%

✓ 우수

My positionTop 5%

Low range Average High range

Internet Content & Information Median -0.1% · Top tier

💡 일반적으로 8% 이상이면 양호, 15% 이상이면 우수

Gross Margin

Profit after subtracting raw-material costs only (signals product competitiveness)

44.4%

✓ 평균

My positionMid-range

Low range Average High range

Internet Content & Information Median 54.4% · Bottom 41%

💡 제조업 30%, IT/소프트웨어 50% 이상이면 우수 (업종별 편차 큼)

ROE

Annual return earned on shareholders' equity (15%+ is strong)

11.9%

✓ 양호

My positionMid-range

Low range Average High range

Communication Services 중형주 Median 6.6% · Top 25%

💡 일반적으로 15% 이상이면 우수 (단, 부채 레버리지 효과 주의)

ROA

Annual earnings relative to total company assets

8.9%

✓ 우수

My positionTop 5%

Low range Average High range

Communication Services 중형주 Median 2.6% · Top tier

💡 일반적으로 5% 이상이면 양호, 10% 이상이면 우수

ROIC

Return generated per dollar invested in the business

10.9%

✓ 우수

My positionTop 25%

Low range Average High range

Communication Services 중형주 Median 3.7% · Top 16%

💡 자본비용(보통 8~10%)보다 높으면 가치 창출, 15% 이상이면 우수

Financial health — Debt & liquidity burden

Debt-to-Equity (D/E)

Debt relative to equity (lower is healthier)

0.07

✓ Healthy debt

My positionMid-range

Low range Average High range

Internet Content & Information Median 0.10

💡 일반적으로 1.0 이하면 건전, 1.5까지는 무난 (금융·유틸·REIT는 구조적으로 높음)

Current Ratio

Liquid assets available to cover liabilities due within a year

2.09

✓ 양호

My positionMid-range

Low range Average High range

Internet Content & Information Median 1.87

💡 1.5~3.0 적정, 1.0 미만이면 단기 유동성 주의

Quick Ratio

Liquid assets excluding inventory, available for immediate use

2.08

✓ 양호

My positionMid-range

Low range Average High range

Internet Content & Information Median 1.87

💡 1.0 이상이면 안전, 0.5 미만이면 주의

* Ratings reflect relative position vs. peer-group distribution (same sector & size) plus absolute guards (loss & risk thresholds).

What's the outlook?

Mixed Outlook

Positive and negative signals are mixed

애널리스트 목표가

$14.31

현재가 대비 +53.4%

💡 12개월 이내 도달을 전망하는 애널리스트 컨센서스 평균

예상 PER (Forward)

9.46배

💡 내년 예상 EPS 기준. 현재 PER과 비교해 이익 성장 반영 정도 확인

PEG (성장 반영 밸류)

4.17

고평가

💡 PEG > 2 — 성장 대비 비싼 편

내년 EPS 예상 성장률

+9.7%

💡 10% 이상이면 견조한 성장, 마이너스는 이익 감소 예상

5년 EPS 예상 연평균

+2.3%

💡 장기 성장 전망. 15% 이상이면 고성장 기업

⚠ 이 데이터는 애널리스트 추정치이며 실제 결과와 다를 수 있습니다. 투자 결정은 추가 검토와 함께 하세요.

Did earnings meet expectations?

Average Earnings Performance

Slight tendency to beat estimates

예상 상회

예상 부합

예상 하회

50%

상회 비율

+1.2%

평균 서프라이즈

2026.05.12

상회

실적 $1.46 · 예상 $1.43 +1.9%

2026.03.17

부합

실적 $1.60 · 예상 $1.59 +0.4%

💡 예상보다 높은 실적을 자주 내는 기업은 실적 신뢰도가 높다고 평가됩니다. 단, 애널리스트 기대치가 낮게 설정되었을 수도 있으니 절대 수치도 함께 봐야 합니다.

Is it growing?

Average Growth

Mid-range within the industry

Margin-Driven Growth EPS is growing while revenue is flat — gains may come from cost cuts, so watch sustainability

🔮 How much will it grow? (analyst forecasts)

This Year's EPS Outlook

Projected EPS growth rate for this year

-14.4%

부진

My positionBottom 25%

Low range Average High range

배당주 중형주 Median 4.7% · Bottom 20%

Next Year's EPS Outlook

Projected EPS growth rate for next year (analyst consensus)

+9.7%

양호

My positionMid-range

Low range Average High range

배당주 중형주 Median 8.7% · Top 47%

5-Year EPS CAGR Outlook

Projected average annual EPS growth over the next 5 years

+2.3%

평균

My positionMid-range

Low range Average High range

배당주 중형주 Median 5.3% · Bottom 30%

📊 How much has it grown? (actual results)

Past 3-Year EPS

Actual average annual EPS growth over the past 3 years

+43.3%

우수

My positionTop 5%

Low range Average High range

배당주 중형주 Median -0.2% · Top tier

Past 5-Year EPS

Actual average annual EPS growth over the past 5 years

+22.5%

우수

My positionTop 25%

Low range Average High range

배당주 중형주 Median 4.1% · Top 14%

Past 5-Year Revenue

How much revenue grew over the past 5 years

+1.6%

부진

My positionBottom 25%

Low range Average High range

배당주 중형주 Median 8.2% · Bottom 16%

⚡ Short-term momentum

QoQ Revenue

Revenue change from the previous quarter (short-term momentum)

+12.8%

양호

My positionMid-range

Low range Average High range

배당주 중형주 Median 4.8% · Top 29%

* Forecast values are analyst consensus estimates. Ratings are determined by relative position vs. peer group of the same growth style and size.

New to investing terms? Look it up in the financial dictionary →

Has the stock risen over the long term?

Long-term weakness — -75%p below the market

TME -6.3% · S&P 500 +68.3%

Excess return vs. market (price-based, ex-dividends)

5-year basis

vs S&P 500

-74.7%p

Significantly behind the market

vs Communication Services (XLC)

-36.1%p

Significantly behind the sector average

1-year basis

vs S&P 500

-72.2%p

Significantly behind the market

vs Communication Services (XLC)

-56.2%p

Significantly behind the sector average

Rank among peers

5-year return Top among peers Based on 11 peers

1-year return Bottom 25% Based on 12 peers

Current position within 52-week range

Low (-17.5%p) High (-65.1%p)

Current price is 17.5% above the 52-week low and 65.1% below the 52-week high

Recent risk (last 120 trading days)

Max drawdown

-51.8%

Annualized volatility

59.0%

Technical Indicators

Bollinger Bands · MACD · RSI · Stochastics · Ichimoku 5-line · recent 137-day series

Price · Bollinger Bands · Ichimoku Cloud

close
BB Upper
BB Mid
BB Lower
Tenkan
Kijun
Cloud (SpanA/B)

Bollinger Bands are upper and lower channels showing the closing price range (20 days · 2σ). Touching the upper band = overheated; touching the lower band = oversold. Ichimoku Cloud shows trend direction and strength through colored areas. Prices above the cloud indicate an uptrend; prices below indicate a downtrend. About Bollinger Bands →

⚠️

Current diagnosis · 2026-07-27

Overbought zone — short-term pullback possible

Current price $9.33 broke above the upper band ($9.31). Stronger buying than average, but signals short-term overheating. Above the Ichimoku cloud (bullish).

MACD (12 · 26 · 9) Expand ▼

An indicator that uses the difference between the short-term EMA (12) and long-term EMA (26) to identify trend reversals. When MACD rises above the Signal line, it is a buy signal (golden cross); when it falls below, it is a sell signal (death cross). About MACD →

🟢

Current diagnosis · 2026-07-27

Bullish momentum holding

MACD 0.051 > Signal 0.010 in positive zone + Hist positive (+0.041). Trend in progress.

RSI(14) · Stochastics %K(14) Expand ▼

RSI measures short-term buying and selling pressure on a scale of 0–100. 30 or below = oversold (a rebound may be possible); 70 or above = overbought (a pullback may be possible). Stoch %K similarly measures short-term momentum strength. RSI · Learn more about Stochastics →

🟢

Current diagnosis · 2026-07-27

Bullish zone

RSI 61.0 (above the neutral level of 50). Buying pressure leads, supporting a steady rise. Stoch %K is also 73.9.

※ "Current diagnosis" is an automated interpretation based on standard thresholds and is for reference only. Make your own comprehensive judgment before trading.

Is it attractive at this price?

Cheaper than peers in its industry

Cheap on Vs. Earnings·Vs. Assets·Vs. Cash Flow, In line with peers on Vs. Sales

💡 How to read this — Compare against peers in the same industry to see what the price is cheap or expensive relative to. Example: cheap vs. earnings = stock price is low relative to what the company earns; expensive vs. assets = stock price is high relative to assets on the balance sheet.

💵 Vs. Earnings Cheap

🏢 Vs. Assets Cheap

🧾 Vs. Sales Mid-range

💧 Vs. Cash Flow Cheap

💵 Vs. Earnings

PER Price-to-Earnings Ratio

How expensive the price is vs. earnings — lower is cheaper

11.39x

✓ Cheap

My positionMid-range

Low range Average High range

Internet Content & Information median 15.63x · Around the industry average

💡 PER 15 이하 저평가, 25 이상이면 성장성 검증 필요 (적자 기업은 의미 없음)

💵 Vs. Earnings

Forward PER Forward Price-to-Earnings Ratio

PER using next year's estimated earnings — reflects growth

9.46x

✓ Cheap

My positionMid-range

Low range Average High range

Internet Content & Information median 11.69x · Around the industry average

💡 향후 12개월 예상 EPS 기준 PER. 현재 PER보다 낮으면 이익 성장 중

🏢 Vs. Assets

PBR Price-to-Book Ratio

Price vs. the company's asset value — below 1 trades cheaper than assets

1.24x

✓ Cheap

My positionMid-range

Low range Average High range

Internet Content & Information median 1.50x · Around the industry average

💡 PBR 1 미만이면 청산가치 이하 (금융·제조업에서 특히 의미, IT는 낮은 비중)

🧾 Vs. Sales

PSR Price-to-Sales Ratio

Market cap vs. revenue — lower is cheaper relative to sales

1.19x

✓ Fair

My positionMid-range

Low range Average High range

Internet Content & Information median 0.94x · Around the industry average

💡 PSR 2 이하 저평가, 10 초과면 고평가 (고성장 기업일 때만 정당화)

💧 Vs. Cash Flow

EV/EBITDA Enterprise Value Multiple

Total enterprise value ÷ operating cash earnings — a benchmark for M&A

1.74x

✓ Very cheap

My positionTop 25%

Low range Average High range

Internet Content & Information median 10.16x · Top 16% — relatively cheap within the industry

💡 EV/EBITDA 10 이하 저평가, 20 이상이면 고평가 (M&A 밸류 기준)

Analyst target price (reference)

$14.31 vs. current price +53.4%

* Valuation is the stock's relative position within the industry peer group (same sector and market-cap range). Even when valuation looks attractive, check the 'Profitability' and 'Growth' sections too.

As of: Recent snapshot · Peer group: Internet Content & Information

Who owns it?

Ownership flow shows some pressure

Institutional modest net selling -0.8% · Short interest moderate 5.0% · Short interest up +1.8pp over last 88d

📈 Recent trading flow (6 months)

🧑‍💼 Insiders (executives & directors)

0.0%

Insiders little change

🏦 Institutions (funds & investors)

-0.8%

Institutions net selling

💡 Net change over the past 6 months. Shows how much insiders and institutions increased or reduced their holdings, in %.

👥 Holdings composition

🏦 Institutions 74.3%

Adequate institutional weight

Communication Services 중형주 Median 63.8%

🧑‍💼 Insiders 0.0%

Low, common among large-caps

Communication Services 중형주 Median 18.7%

👤 Retail investors (estimated) 25.7%

Everyone excluding institutions and insiders

Institutions Insiders Retail (est.)

📉 Short-selling metrics

Short ratio

5.0%

Moderate

Communication Services 중형주 Median 5.9%

Past 88 days 📈 +1.8%p increase

Short interest days to cover

3.1 days

Days needed to close short positions using average trading volume

🧮 Share count

Total shares outstanding 598.3M주

Float (tradable shares) 598.2M주

* Insider/institutional flows are based on net changes over the past 6 months. Trend is cumulative over the past 88 days.

ETFs holding TME

ETFs with the highest weightings · 10 total shown

MUSQ

MUSQ Global Music Industry Index ETF

6.69%

$21M

OND

ProShares On-Demand ETF

4.03%

$3M

PGJ

Invesco Golden Dragon China ETF

2.63%

$91M

KWEB

KraneShares CSI China Internet ETF

2.50%

$5.2B

SOCL

Global X Social Media ETF

2.20%

$88M

* Based on official quarterly filings. Latest disclosure; actual current weights may differ.

How much does it pay in dividends?

배당 지급 — 연 2.45%

배당보다 주가 성장에 가까운 비중

Dividend Yield

2.45%

Industry average 2.72%

Dividend Per Share

$0.23

Annualized

Payout Ratio

23%

Share of net income paid as dividends

5-Year Growth

Annualized dividend growth

📅 지급월 4월

📊 총 이력 2024~2026 (3건)

연도별 배당 총액 추이

주당 배당금을 연 단위로 합산한 금액입니다. 막대가 우상향이면 매년 배당이 늘어나고 있다는 뜻입니다.

$0.14

2024

$0.18 +31.4%

2025

$X.XX 그 해 총 배당금 +X% 전년 대비 증가 -X% 감소

최근 배당 이력 총 3건

아래로 스크롤하면 과거 배당 이력을 볼 수 있습니다.

배당락일

주당 금액

지급일

당시 수익률

2026-04-02

$0.240

—

4.58%

2025-04-03

$0.180

—

2.21%

2024-05-31

$0.137

—

0.95%

* "배당락일"은 배당받으려면 이 날 이전에 주식을 보유해야 하는 기준일입니다. 지급일·당시 수익률은 일부 종목에서 데이터가 없을 수 있습니다.

💰 내가 100만원 투자한다면

연간 배당금 (세후) 2.1만원

5년 누적 (세후) 10.5만원

* 환율 1,370원, 세금 15% 반영. 5년 누적은 배당 성장률 연 0% 가정.

Compare Industry Peers

💡 vs. sector average ▲ Favorable / ▼ Unfavorable (Lower PER and PBR are better; higher ROE and dividend yield are better)

Sorted by market cap, largest first

Stock	Market Cap	PER	PBR	ROE	Dividend Yield	Change
TME This Stock	$5.6B	11.4 ▲	1.2 ▲	11.95% ▲	2.45% ▼	+5.3%
GOOG	$4.00T	16.4 ▲	6.4 ▼	48.68% ▲	0.25% ▼	+2.4%
GOOGL	$3.99T	16.4 ▲	6.4 ▼	48.68% ▲	0.25% ▼	+2.1%
META	$1.51T	21.6 ▼	6.2 ▼	32.93% ▲	0.33% ▼	-0.2%
NFLX	$293.1B	22.2 ▼	9.7 ▼	49.54% ▲	-	+0.4%
VZ	$197.6B	12.3 ▲	1.9 ▼	15.63% ▲	5.97% ▲	+2.0%
Sector Avg	-	17.0	1.6	1.02%	2.72%	-

Derivative ETFs for TME

Leveraged, inverse, and covered call ETFs based on the underlying asset

4 derivative ETFs based on TME (Covered Call 4)

These are based on the same underlying asset but carry a completely different risk and return profile. Please review the warning below first.

ℹ️ What is a Derivative ETF?

These are special ETFs that amplify, reverse, or monetize the price movement of an underlying ETF or security. Leveraged ETFs aim for 2–3× the daily move, Inverse ETFs target opposite-direction returns, and Covered Call ETFs generate monthly income from option premiums.

💰 Covered Call & Options 4 A strategy that generates monthly dividend income through covered calls