TME vs. ASX, VOD, WDC, NTAP, HPE, GIB, MSTR, PTC, IOT, and NOK
Should you be buying Tencent Music Entertainment Group stock or one of its competitors? The main competitors of Tencent Music Entertainment Group include ASE Technology (ASX), Vodafone Group Public (VOD), Western Digital (WDC), NetApp (NTAP), Hewlett Packard Enterprise (HPE), CGI (GIB), MicroStrategy (MSTR), PTC (PTC), Samsara (IOT), and Nokia Oyj (NOK). These companies are all part of the "computer and technology" sector.
ASE Technology (NYSE:ASX) and Tencent Music Entertainment Group (NYSE:TME) are both large-cap computer and technology companies, but which is the better investment? We will contrast the two businesses based on the strength of their earnings, institutional ownership, dividends, risk, valuation, profitability, analyst recommendations, media sentiment and community ranking.
6.8% of ASE Technology shares are held by institutional investors. Comparatively, 24.3% of Tencent Music Entertainment Group shares are held by institutional investors. 22.9% of ASE Technology shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock is poised for long-term growth.
In the previous week, Tencent Music Entertainment Group had 6 more articles in the media than ASE Technology. MarketBeat recorded 10 mentions for Tencent Music Entertainment Group and 4 mentions for ASE Technology. ASE Technology's average media sentiment score of 1.33 beat Tencent Music Entertainment Group's score of 0.89 indicating that Tencent Music Entertainment Group is being referred to more favorably in the news media.
ASE Technology received 255 more outperform votes than Tencent Music Entertainment Group when rated by MarketBeat users. Likewise, 64.35% of users gave ASE Technology an outperform vote while only 57.50% of users gave Tencent Music Entertainment Group an outperform vote.
ASE Technology presently has a consensus price target of $7.84, indicating a potential downside of 25.52%. Tencent Music Entertainment Group has a consensus price target of $11.78, indicating a potential downside of 11.66%. Given ASE Technology's stronger consensus rating and higher possible upside, analysts plainly believe Tencent Music Entertainment Group is more favorable than ASE Technology.
ASE Technology has a beta of 1.26, suggesting that its share price is 26% more volatile than the S&P 500. Comparatively, Tencent Music Entertainment Group has a beta of 0.77, suggesting that its share price is 23% less volatile than the S&P 500.
ASE Technology has higher revenue and earnings than Tencent Music Entertainment Group. ASE Technology is trading at a lower price-to-earnings ratio than Tencent Music Entertainment Group, indicating that it is currently the more affordable of the two stocks.
Tencent Music Entertainment Group has a net margin of 17.71% compared to Tencent Music Entertainment Group's net margin of 5.41%. Tencent Music Entertainment Group's return on equity of 10.09% beat ASE Technology's return on equity.
Summary
Tencent Music Entertainment Group beats ASE Technology on 10 of the 18 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding TME and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
This chart shows the average media sentiment of NYSE and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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