|
Market Closed -
Hong Kong S.E.
04:08:46 2026-09-16 EDT
|
5-day change | 1st Jan Change | ||
| 433.40 HKD | -1.23% |
|
-0.14% | -27.65% |
| 09-15 | China, HK stocks end lower on weak economic data | RE |
| 09-15 | China, HK stocks steady as AI hardware bounce counters weak data | RE |
Company Valuation: Tencent Holdings Limited
Data adjusted to current consolidation scope
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|---|---|
| Market Cap 1 | 3,550,244 | 2,779,772 | 2,492,563 | 3,578,772 | 4,862,159 | 3,334,508 | - | - |
| Change | - | -21.7% | -10.33% | 43.58% | 35.86% | -31.42% | - | - |
| Enterprise Value (EV) 1 | 3,530,001 | 2,764,940 | 2,547,303 | 3,501,974 | 4,755,014 | 3,297,050 | 3,321,642 | 3,295,626 |
| Change | - | -21.67% | -7.87% | 37.48% | 35.78% | -30.66% | 0.75% | -0.78% |
| P/E | 16.1x | 15.3x | 22.4x | 19.1x | 22.3x | 15x | 14x | 12.6x |
| PBR | 4.4x | 3.9x | 3.12x | 3.79x | 4.31x | 2.48x | 2.12x | 1.89x |
| PEG | - | -0.9x | -0.6x | 0.3x | 1.2x | 5.92x | 1.95x | 1.2x |
| Capitalization / Revenue | 6.34x | 5.01x | 4.09x | 5.42x | 6.47x | 4.04x | 3.69x | 3.36x |
| EV / Revenue | 6.3x | 4.99x | 4.18x | 5.3x | 6.33x | 3.99x | 3.67x | 3.32x |
| EV / EBITDA | 20.4x | 16.9x | 10.8x | 12.6x | 14.1x | 9.23x | 8.44x | 7.37x |
| EV / EBIT | 13x | 11.7x | 15.9x | 16.8x | 19.7x | 12.5x | 12x | 10.9x |
| EV / FCF | 24.9x | 21.6x | 12.9x | 19.3x | 21.2x | 26.5x | 19.4x | 15.5x |
| FCF Yield | 4.02% | 4.63% | 7.78% | 5.19% | 4.71% | 3.77% | 5.14% | 6.45% |
| Dividend per Share 2 | 1.298 | 2.4 | 3.129 | 3.164 | 4.649 | 5.056 | 5.315 | 5.896 |
| Rate of return | 0.35% | 0.81% | 1.17% | 0.81% | 0.86% | 1.36% | 1.43% | 1.59% |
| EPS 2 | 23.16 | 19.34 | 11.89 | 20.49 | 24.15 | 24.77 | 26.55 | 29.32 |
| Distribution rate | 5.6% | 12.4% | 26.3% | 15.4% | 19.2% | 20.4% | 20% | 20.1% |
| Net sales 1 | 560,118 | 554,552 | 609,015 | 660,257 | 751,766 | 826,047 | 904,882 | 993,653 |
| EBITDA 1 | 173,173 | 164,037 | 235,454 | 277,012 | 336,427 | 357,110 | 393,756 | 446,998 |
| EBIT 1 | 271,620 | 235,706 | 160,074 | 208,099 | 241,562 | 263,564 | 277,010 | 301,555 |
| Net income 1 | 224,822 | 188,243 | 115,216 | 194,073 | 224,842 | 226,102 | 241,082 | 263,195 |
| Net Debt 1 | -20,243 | -14,832 | 54,740 | -76,798 | -107,145 | -37,458 | -12,866 | -38,882 |
| Reference price 2 | 372.14 | 295.44 | 266.50 | 391.85 | 538.28 | 370.56 | 370.56 | 370.56 |
| Nbr of stocks (in thousands) | 9,540,009 | 9,408,797 | 9,352,822 | 9,132,925 | 9,032,821 | 8,998,443 | - | - |
| Announcement Date | 3/23/22 | 3/22/23 | 3/20/24 | 3/19/25 | 3/18/26 | - | - | - |
1CNY in Million2CNY
Estimates
P/E, Detailed evolution
| P/E (N) | EV / Sales (N) | EV / EBITDA (N) | Dividend Yield (N) | Capi.($) | ||
|---|---|---|---|---|---|---|
| 15.17x | 4.05x | 9.33x | 1.35% | 503B | ||
| 21.73x | 6.43x | 19.32x | -.--% | 324B | ||
| 21.81x | 2.56x | 13x | -.--% | 146B | ||
| 39.63x | 4.66x | 30.75x | -.--% | 115B | ||
| 31.69x | 6.21x | 17.44x | -.--% | 99.24B | ||
| 2.69x | 70.34x | 1.96x | 0.15% | 96.7B | ||
| 76.64x | 4.54x | 21.62x | -.--% | 85.91B | ||
| 10.27x | 7.46x | 89.63x | 0.67% | 88.91B | ||
| 7.92x | 3.03x | 62.77x | 0.76% | 34.53B | ||
| 183.65x | 2.86x | 83.48x | -.--% | 30.21B | ||
| Average | 41.12x | 11.21x | 34.93x | 0.29% | 152.39B | |
| Weighted average by Cap. | 25.68x | 8.99x | 21.54x | 0.51% |
Y-o-Y evolution of P/E
Historical PBR trend
Evolution Enterprise Value / Sales
Change in Enterprise Value/EBITDA
Year-on-year evolution of the Yield
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- Valuation Tencent Holdings Limited
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