{"id":2335996,"date":"2026-03-19T01:37:18","date_gmt":"2026-03-19T01:37:18","guid":{"rendered":"https:\/\/celebrity.land\/en\/?p=2335996"},"modified":"2026-03-19T01:37:18","modified_gmt":"2026-03-19T01:37:18","slug":"a-look-at-tencent-music-entertainment-group-tme-valuation-after-optimism-around-earnings-and-analyst-upgrades","status":"publish","type":"post","link":"https:\/\/celebrity.land\/en\/a-look-at-tencent-music-entertainment-group-tme-valuation-after-optimism-around-earnings-and-analyst-upgrades\/","title":{"rendered":"A Look At Tencent Music Entertainment Group (TME) Valuation After Optimism Around Earnings And Analyst Upgrades"},"content":{"rendered":"<p><\/p>\n<div>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START --><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/simplywall.st\/features\/portfolio?utm_medium=finance_user&amp;utm_campaign=updates_head_cta&amp;utm_source=yahoo&amp;blueprint=4484311\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:Never miss an important update on your stock portfolio;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;Never miss an important update on your stock portfolio&quot;}\" class=\"link \">Never miss an important update on your stock portfolio<\/a> and cut through the noise. Over 7 million investors trust Simply Wall St to stay informed where it matters for FREE.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->Tencent Music Entertainment Group (TME) has been in focus after a recent upswing in its share price, driven by optimism ahead of earnings, recent analyst upgrades, and Apple\u2019s lower App Store commissions in China.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START --><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.simplywall.st\/company\/id\/3e083072-9928-41b3-9736-e1ce49779ffb?utm_medium=finance_user&amp;utm_campaign=cta_company_latest_analysis&amp;utm_source=yahoo\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:See our latest analysis for Tencent Music Entertainment Group.;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;See our latest analysis for Tencent Music Entertainment Group.&quot;}\" class=\"link \">See our latest analysis for Tencent Music Entertainment Group.<\/a><!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->That recent pre earnings optimism now sits against a sharp pullback, with a 1 day share price return of a 24.65% decline and a 30 day share price return of a 28.27% decline. At the same time, the 3 year total shareholder return of 62.61% contrasts with a 5 year total shareholder return of a 63.48% decline, suggesting longer term investors have seen mixed results as expectations around growth and risk have shifted.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->If Tencent Music has you thinking about where else growth stories could emerge, this is a good moment to scan <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/simplywall.st\/discover\/investing-ideas\/473633\/profitable-ai-stocks\/global?utm_medium=finance_user&amp;utm_campaign=cta_screener_profitable_ai&amp;utm_source=yahoo&amp;blueprint=4484311\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:64 profitable AI stocks that aren't just burning cash;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;64 profitable AI stocks that aren't just burning cash&quot;}\" class=\"link \">64 profitable AI stocks that aren&#8217;t just burning cash<\/a> for other potential ideas.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->With Tencent Music shares sliding despite revenue and net income growth, a value score of 6, and the stock trading at an intrinsic discount of about 48%, investors now face a key question: is this a buying opportunity or is future growth already priced in?<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->With Tencent Music shares last closing at $11.37 against a widely followed fair value estimate of $26.92, the valuation gap in this narrative is substantial.<!-- HTML_TAG_END --><\/p>\n<blockquote class=\"neo-blockquote yf-2nfcqq\">\n<p class=\"yf-2nfcqq\"><!-- HTML_TAG_START --><em>Proprietary content development, exclusive partnerships (with Korean labels and Chinese artists), and investments in original artist incubation strengthen content differentiation, support premium pricing, and reduce long-term content costs, contributing to higher gross margins and defensible market share.<\/em><!-- HTML_TAG_END --><\/p>\n<\/blockquote>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START --><em><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.simplywall.st\/narratives\/bvn9nv53-rising-smartphone-usage-and-fan-economy-will-transform-entertainment-iijt?utm_medium=finance_user&amp;utm_campaign=cta_narrative_prompt_after_quote&amp;utm_source=yahoo\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:Read the complete narrative.;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;Read the complete narrative.&quot;}\" class=\"link \">Read the complete narrative.<\/a><\/em><!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->Curious what earnings profile, revenue trajectory, and profit margins are baked into that fair value, and how far monetization of the fan economy is pushed in the model.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START --><strong>Result: Fair Value of $26.92 (UNDERVALUED)<\/strong><!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START --><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.simplywall.st\/narratives\/bvn9nv53-rising-smartphone-usage-and-fan-economy-will-transform-entertainment-iijt?utm_medium=finance_user&amp;utm_campaign=cta_ai_narrative&amp;utm_source=yahoo\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:Have a read of the narrative in full and understand what's behind the forecasts.;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;Have a read of the narrative in full and understand what's behind the forecasts.&quot;}\" class=\"link \">Have a read of the narrative in full and understand what&#8217;s behind the forecasts.<\/a><!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->However, you also need to weigh the risk that heavier offline events and ongoing regulatory scrutiny in China could pressure margins and make future earnings less predictable.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START --><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.simplywall.st\/company\/id\/3e083072-9928-41b3-9736-e1ce49779ffb?utm_medium=finance_user&amp;utm_campaign=risks_narrative_cta&amp;utm_source=yahoo\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:Find out about the key risks to this Tencent Music Entertainment Group narrative.;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;Find out about the key risks to this Tencent Music Entertainment Group narrative.&quot;}\" class=\"link \">Find out about the key risks to this Tencent Music Entertainment Group narrative.<\/a><!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->With sentiment clearly split between recent price weakness and longer term optimism, this is a good time to move quickly and review the numbers yourself using the <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/finance.yahoo.com\/quote\/TME\" data-ylk=\"slk:5 key rewards;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;5 key rewards&quot;}\" class=\"link \">5 key rewards<\/a><!-- HTML_TAG_END --><\/p>\n<\/p><\/div>\n<div style=\"display: none\" data-testid=\"read-more\">\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->If Tencent Music has sharpened your focus, do not stop here. Use these targeted stock lists to spot opportunities that match your goals before others move in.<!-- HTML_TAG_END --><\/p>\n<ul class=\"yf-1p2hw41\">\n<li class=\"yf-1p2hw41\">\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->Target potential bargains by scanning <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/simplywall.st\/discover\/investing-ideas\/473076\/high-quality-undervalued-stocks\/us?utm_medium=finance_user&amp;utm_campaign=cta_screener_undervalued&amp;utm_source=yahoo&amp;blueprint=4484311\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:49 high quality undervalued stocks;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;49 high quality undervalued stocks&quot;}\" class=\"link \">49 high quality undervalued stocks<\/a> that combine quality fundamentals with prices that may not fully reflect their underlying strength.<!-- HTML_TAG_END --><\/p>\n<\/li>\n<li class=\"yf-1p2hw41\">\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->Strengthen your income stream by reviewing <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/simplywall.st\/discover\/investing-ideas\/473528\/dividend-fortresses\/us?utm_medium=finance_user&amp;utm_campaign=cta_screener_dividend&amp;utm_source=yahoo&amp;blueprint=4484311\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:15 dividend fortresses;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;15 dividend fortresses&quot;}\" class=\"link \">15 dividend fortresses<\/a> that offer higher yields while still putting balance sheet strength in focus.<!-- HTML_TAG_END --><\/p>\n<\/li>\n<li class=\"yf-1p2hw41\">\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->Reduce portfolio shocks by filtering for <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/simplywall.st\/discover\/investing-ideas\/473631\/low-risk-leaders\/us?utm_medium=finance_user&amp;utm_campaign=cta_screener_low_risk&amp;utm_source=yahoo&amp;blueprint=4484311\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:76 resilient stocks with low risk scores;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;76 resilient stocks with low risk scores&quot;}\" class=\"link \">76 resilient stocks with low risk scores<\/a> that score well on resilience so sudden market swings are less likely to catch you off guard.<!-- HTML_TAG_END --><\/p>\n<\/li>\n<\/ul>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START --><em> This article by Simply Wall St is general in nature. <strong>We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.<\/strong> It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.<\/em><!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START --><em>Companies discussed in this article include <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/finance.yahoo.com\/quote\/TME\" data-ylk=\"slk:TME;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;TME&quot;}\" class=\"link \">TME<\/a>.<\/em><!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START --><strong>Have feedback on this article? Concerned about the content? <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/investor-research.typeform.com\/to\/wvg6MFri#feedback_token=NDQ4NDMxMTplZDgxNTgwOTQzNjFjODEx&amp;company=NYSE:TME&amp;blueprintid=4484311\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:Get in touch;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;Get in touch&quot;}\" class=\"link \">Get in touch<\/a> with us directly.<\/strong><em> Alternatively, email <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/finance.yahoo.com\/news\/mailto:editorial-team@simplywallst.com?subject=Re%3A%20Your%20article%20on%20NYSE%3ATME%20(yahoo)%20from%2018th%20March%202026\" data-ylk=\"slk:editorial-team@simplywallst.com;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;editorial-team@simplywallst.com&quot;}\" class=\"link \">editorial-team@simplywallst.com<\/a><\/em><!-- HTML_TAG_END --><\/p>\n<\/p><\/div>\n<p><em> \u2018 The preceding article may include information circulated by third parties \u2019 <\/em><\/p>\n<p><em> \u2018 Some details of this article were extracted from the following source finance.yahoo.com \u2019 <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Never miss an important update on your stock portfolio and cut through the noise. Over 7 million investors trust Simply Wall St to stay informed where it matters for FREE. Tencent Music Entertainment Group (TME) has been in focus after a recent upswing in its share price, driven by optimism ahead of earnings, recent analyst [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":2244970,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_jetpack_memberships_contains_paid_content":false,"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"footnotes":""},"categories":[25172],"tags":[346516,353268,392672,314019,397360],"class_list":["post-2335996","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-entertainment","tag-fair-value","tag-share-price","tag-stock-portfolio","tag-tencent-music-entertainment","tag-total-shareholder-return"],"jetpack_featured_media_url":"https:\/\/celebrity.land\/en\/wp-content\/uploads\/2026\/01\/A-Look-At-The-Intrinsic-Value-Of-Goodwill-Entertainment-Holding.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2335996","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/comments?post=2335996"}],"version-history":[{"count":1,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2335996\/revisions"}],"predecessor-version":[{"id":2335997,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2335996\/revisions\/2335997"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media\/2244970"}],"wp:attachment":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media?parent=2335996"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/categories?post=2335996"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/tags?post=2335996"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}