TME
Tencent Music Entertainment Group Communication Services - Music Streaming Investor Relations →
Tencent Music Entertainment Group (TME) closed at $16.34 as of 2026-02-02, trading 48.6% above its 200-week moving average of $11.00. The stock is currently moving closer to the line, down from 53.4% last week. With a 14-week RSI of 12, TME is in oversold territory.
Over the past 325 weeks of data, TME has crossed below its 200-week moving average 3 times. On average, these episodes lasted 59 weeks. Historically, investors who bought TME at the start of these episodes saw an average one-year return of +42.9%.
With a market cap of $27.5 billion, TME is a large-cap stock. The company generates a free cash flow yield of 19.6%, which is notably high. Return on equity stands at 14.8%. The stock trades at 2.1x book value.
The company has been aggressively buying back shares, reducing its share count by 9.1% over the past three years.
Over the past 6.3 years, a hypothetical investment of $100 in TME would have grown to $134, compared to $241 for the S&P 500. TME has returned 4.8% annualized vs 14.9% for the index, underperforming the broader market over this period.
Free cash flow has been growing at a 55% compound annual rate, with 4 consecutive years of positive cash generation.
Growth of $100: TME vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After TME Crosses Below the Line?
Across 3 historical episodes, buying TME when it crossed below its 200-week moving average produced an average return of +11.0% after 12 months (median +35.0%), compared to +11.7% for the S&P 500 over the same periods. 67% of those episodes were profitable after one year. After 24 months, the average return was -51.0% vs +26.0% for the index.
Each line shows $100 invested at the moment TME crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
TME has crossed below its 200-week MA 3 times with an average 1-year return of +42.9% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Nov 2019 | Jun 2020 | 32 | 33.0% | +35.5% | +35.2% |
| May 2021 | Feb 2024 | 145 | 75.2% | -73.0% | +9.8% |
| Sep 2024 | Sep 2024 | 1 | 2.9% | +166.2% | +74.0% |
| Average | 59 | — | +42.9% | — |
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of Friday close, 2026-02-02