Valuation Tencent Holdings Limited

Equities

700 KYG875721634

Internet Services

Delayed Hong Kong S.E. Other stock markets 06:50:07 12/03/2026 am IST			5-day change	1st Jan Change
550.50 ^HKD	-0.27%		+9.66%	-8.10%

11/03	Hedge funds pour hopes into tech even as AI jitters rattle, says Hazeltree	RE
11/03	China, HK shares edge up in volatile trading; new energy, tech lead gains	RE

Company Valuation: Tencent Holdings Limited

Data adjusted to current consolidation scope

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Capitalization ¹	45,22,629	35,50,244	27,79,772	24,92,563	35,78,772	44,11,207	44,11,207	-
Change	-	-21.5%	-21.7%	-10.33%	43.58%	23.26%	0%	-
Enterprise Value (EV) ¹	45,33,692	35,30,001	27,64,940	25,47,303	35,01,974	42,78,838	41,52,960	40,27,410
Change	-	-22.14%	-21.67%	-7.87%	37.48%	22.18%	-2.94%	-3.02%
P/E ratio	28.7x	16.1x	15.3x	22.4x	19.1x	20.2x	17.7x	15.5x
PBR	6.4x	4.4x	3.9x	3.12x	3.79x	3.74x	3.18x	2.6x
PEG	-	0.4x	-0.9x	-0.6x	0.3x	1.2x	1.3x	1.1x
Capitalization / Revenue	9.38x	6.34x	5.01x	4.09x	5.42x	5.87x	5.34x	4.86x
EV / Revenue	9.4x	6.3x	4.99x	4.18x	5.3x	5.69x	5.03x	4.44x
EV / EBITDA	26.6x	20.4x	16.9x	10.8x	12.6x	13x	11.1x	9.54x
EV / EBIT	24.6x	13x	11.7x	15.9x	16.8x	17.1x	14.4x	12.5x
EV / FCF	28.3x	24.9x	21.6x	12.9x	19.3x	19.3x	15.9x	12.7x
FCF Yield	3.53%	4.02%	4.63%	7.78%	5.19%	5.17%	6.28%	7.88%
Dividend per Share ²	1.344	1.298	2.4	3.129	3.164	4.82	5.312	6.188
Rate of return	0.28%	0.35%	0.81%	1.17%	0.81%	0.99%	1.1%	1.28%
EPS ²	16.52	23.16	19.34	11.89	20.49	23.95	27.31	31.17
Distribution rate	8.13%	5.6%	12.4%	26.3%	15.4%	20.1%	19.5%	19.9%
Net sales ¹	4,82,064	5,60,118	5,54,552	6,09,015	6,60,257	7,51,523	8,26,156	9,06,758
EBITDA ¹	1,70,680	1,73,173	1,64,037	2,35,454	2,77,012	3,28,113	3,73,948	4,22,158
EBIT ¹	1,84,237	2,71,620	2,35,706	1,60,074	2,08,099	2,50,834	2,87,654	3,23,164
Net income ¹	1,59,847	2,24,822	1,88,243	1,15,216	1,94,073	2,20,483	2,48,510	2,79,571
Net Debt ¹	11,063	-20,243	-14,832	54,740	-76,798	-1,32,369	-2,58,247	-3,83,797
Reference price ²	474.91	372.14	295.44	266.50	391.85	484.41	484.41	484.41
Nbr of stocks (in thousands)	95,23,125	95,40,009	94,08,797	93,52,822	91,32,925	91,06,356	91,06,356	-
Announcement Date	24/03/21	23/03/22	22/03/23	20/03/24	19/03/25	-	-	-

¹CNY in Million²CNY

Estimates

P/E ratio, Detailed evolution

Sector Comparison:

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (N)	EV / Sales (N)	EV / EBITDA (N)	Dividend Yield (N)	Capi.($)
TENCENT HOLDINGS LIMITED	20.31x	5.72x	13.1x	0.99%	64TCr
NETFLIX, INC.	30.84x	8.01x	24.08x	-.--%	41TCr
UBER TECHNOLOGIES, INC.	21.5x	2.51x	13.29x	-.--%	15TCr
PROSUS N.V.	12.01x	14.91x	146.88x	0.33%	13TCr
SPOTIFY TECHNOLOGY S.A.	34.99x	4.37x	27.29x	-.--%	11TCr
AIRBNB, INC.	26.77x	4.93x	14.03x	-.--%	7.94TCr
DOORDASH, INC.	66.98x	3.77x	18.64x	-.--%	7.38TCr
SK SQUARE CO., LTD.	9.52x	37.69x	8.03x	-.--%	4.99TCr
NASPERS LIMITED	9.72x	4.61x	48.5x	0.45%	4.46TCr
KUAISHOU TECHNOLOGY	12.96x	1.44x	6.88x	0.52%	3.42TCr
Average	24.56x	8.80x	32.07x	0.23%	17.21TCr
Weighted average by Cap.	24.81x	7.27x	27.44x	0.42%