|
Market Closed -
Hong Kong S.E.
01:38:52 06/11/2026 pm IST
|
5-day change | 1st Jan Change | ||
| 419.80 HKD | -2.46% |
|
+11.18% | -29.92% |
| 02:09pm | Hong Kong Stocks Fall as AI Selloff Deepens, Regulatory Fears Rattle Markets | MT |
| 11:43am | Bilibili Completes Share Buyback, Convertible Bond Deal with Tencent | MT |
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 | 35,50,244 | 27,79,772 | 24,92,563 | 35,78,772 | 48,62,159 | 32,16,342 | - | - |
| Change | - | -21.7% | -10.33% | 43.58% | 35.86% | -33.85% | - | - |
| Enterprise Value (EV) 1 | 35,30,001 | 27,64,940 | 25,47,303 | 35,01,974 | 47,55,014 | 31,79,761 | 32,11,103 | 31,92,803 |
| Change | - | -21.67% | -7.87% | 37.48% | 35.78% | -33.13% | 0.99% | -0.57% |
| P/E | 16.1x | 15.3x | 22.4x | 19.1x | 22.3x | 14.5x | 13.8x | 12.4x |
| PBR | 4.4x | 3.9x | 3.12x | 3.79x | 4.31x | 2.39x | 2.06x | 1.84x |
| PEG | - | -0.9x | -0.6x | 0.3x | 1.2x | 6.82x | 2.63x | 1.2x |
| Capitalization / Revenue | 6.34x | 5.01x | 4.09x | 5.42x | 6.47x | 3.9x | 3.57x | 3.24x |
| EV / Revenue | 6.3x | 4.99x | 4.18x | 5.3x | 6.33x | 3.86x | 3.56x | 3.22x |
| EV / EBITDA | 20.4x | 16.9x | 10.8x | 12.6x | 14.1x | 8.94x | 8.34x | 7.28x |
| EV / EBIT | 13x | 11.7x | 15.9x | 16.8x | 19.7x | 12.1x | 11.8x | 10.7x |
| EV / FCF | 24.9x | 21.6x | 12.9x | 19.3x | 21.2x | 26.2x | 19.2x | 16.7x |
| FCF Yield | 4.02% | 4.63% | 7.78% | 5.19% | 4.71% | 3.82% | 5.21% | 5.99% |
| Dividend per Share 2 | 1.298 | 2.4 | 3.129 | 3.164 | 4.649 | 5.021 | 5.169 | 5.715 |
| Rate of return | 0.35% | 0.81% | 1.17% | 0.81% | 0.86% | 1.4% | 1.45% | 1.6% |
| EPS 2 | 23.16 | 19.34 | 11.89 | 20.49 | 24.15 | 24.67 | 25.96 | 28.72 |
| Distribution rate | 5.6% | 12.4% | 26.3% | 15.4% | 19.2% | 20.4% | 19.9% | 19.9% |
| Net sales 1 | 5,60,118 | 5,54,552 | 6,09,015 | 6,60,257 | 7,51,766 | 8,24,453 | 9,02,044 | 9,91,376 |
| EBITDA 1 | 1,73,173 | 1,64,037 | 2,35,454 | 2,77,012 | 3,36,427 | 3,55,652 | 3,85,164 | 4,38,686 |
| EBIT 1 | 2,71,620 | 2,35,706 | 1,60,074 | 2,08,099 | 2,41,562 | 2,62,449 | 2,71,359 | 2,97,315 |
| Net income 1 | 2,24,822 | 1,88,243 | 1,15,216 | 1,94,073 | 2,24,842 | 2,24,477 | 2,34,339 | 2,55,713 |
| Net Debt 1 | -20,243 | -14,832 | 54,740 | -76,798 | -1,07,145 | -36,581 | -5,239 | -23,539 |
| Reference price 2 | 372.14 | 295.44 | 266.50 | 391.85 | 538.28 | 357.58 | 357.58 | 357.58 |
| Nbr of stocks (in thousands) | 95,40,009 | 94,08,797 | 93,52,822 | 91,32,925 | 90,32,821 | 89,94,823 | - | - |
| Announcement Date | 23/03/22 | 22/03/23 | 20/03/24 | 19/03/25 | 18/03/26 | - | - | - |
1CNY in Million2CNY
Estimates
P/E, Detailed evolution
| P/E (Y) | EV / Sales (Y) | EV / EBITDA (Y) | Dividend Yield (Y) | Capi.($) | ||
|---|---|---|---|---|---|---|
| 14.84x | 3.95x | 9.16x | 1.37% | 49TCr | ||
| 14.34x | 6.71x | 14.58x | 0.31% | 3,46900Cr | ||
| 20.78x | 6.07x | 10.9x | 0.35% | 1,54700Cr | ||
| 33.43x | 15.55x | 24.61x | 0.53% | 57TCr | ||
| 18.29x | 5.4x | 16.19x | -.--% | 27TCr | ||
| 20.33x | 1.5x | 10.1x | 1.01% | 27TCr | ||
| 88.82x | 11.69x | 63.93x | -.--% | 18TCr | ||
| 21.66x | 2.46x | 12.54x | -.--% | 14TCr | ||
| 46.49x | 5.41x | 35.7x | -.--% | 13TCr | ||
| 8.56x | 0.99x | 4.3x | -.--% | 12TCr | ||
| Average | 28.75x | 5.97x | 20.20x | 0.36% | 71.9TCr | |
| Weighted average by Cap. | 20.17x | 6.77x | 15.53x | 0.4% |
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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