Otis Worldwide Corp vs Tencent Music Entertainment Group - ADR — how do they compare? Otis Worldwide Corp trades at $70.61 (market cap $27.61B), while Tencent Music Entertainment Group - ADR trades at $8.76 (market cap $15.16B). The key difference: Otis Worldwide Corp is the larger of the two by market cap, and Tencent Music Entertainment Group - ADR pays the higher dividend (2.68%). Which is the better fit depends on your goals.
| OTIS | TME | |
|---|---|---|
Market Cap | $27.61B | $15.16B |
Sector | Industrials | Media |
52-Week High | $100.99 | $26.36 |
52-Week Low | $69.34 | $8.16 |
Enterprise Value | $34.99B | $11.93B |
Dividend Yield | 2.36% | 2.68% |
Trailing returns across standard periods
Latest headlines on both assets
Otis is the largest global elevator and escalator supplier by revenue with around one quarter of share excluding Japan. In 1854 Otis' founder and namesake, Elisha Graves Otis, invented a safety mechanism that prevented elevators from falling if the hoisting cable failed.The company's product and service lifecycle begins with installations of elevator units in new buildings, later selling maintenance services on the units, and eventually replacement of the units after the average 15-20 year useful life of an elevator. As the largest global OEM, over decades Otis has built a base of 2 million elevators under service. Its business model is much the same as that of its competitors Kone, Schindler, and Thyssenkrupp.
Read more on OTIS →TME is the largest online music service provider in China. It was founded in 2016 with the business combination of QQ Music (founded in 2005), Kuwo Music (founded in 2005) and Kugou Music (founded in 2004) streaming platforms. Tencent is the largest shareholder of TME with over 50% shares and over 90% voting rights held. TME also provides social entertainment services, including music live audio/video broadcasts and online concert services through the three platforms mentioned above, and online karaoke through an independent platform WeSing.
Read more on TME →