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Tencent Holdings Limited (0700.HK)

HKD456.20 -1.40 (-0.31%)
CN HKSE Communication Services Internet Content & Information
Address Tencent Binhai Towers 518054
Shenzhen, CN
CEO Huateng Ma
IPO 2004-06-16
ISIN KYG875721634

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Also trades on Frankfurt Stock Exchange · NNND.F (EUR) Hong Kong Stock Exchange · 80700.HK (CNY) Hong Kong Stock Exchange · 0700.HK (HKD) Other OTC · TCEHY (USD) Other OTC · TCTZF (USD) Vienna Stock Exchange · NNN1.VI (EUR) Vienna Stock Exchange · NNND.VI (EUR)
Description

Tencent Holdings Limited functions as an investment holding enterprise, delivering a broad spectrum of value-added services (VAS) and digital advertising solutions to markets in both Mainland China and internationally. Its operations are structured across key segments, including Value-Added Services, Online Advertising, FinTech and Business Services, and various other ventures. The company's core offerings encompass online gaming, social networking platforms, financial technology solutions, cloud computing services, and digital advertising. Beyond these, Tencent is actively involved in the production, funding, and distribution of films and television content for external entities, alongside managing copyright licensing, merchandising, and other related activities. Its extensive portfolio also includes software development, the creation and operation of online games, comprehensive information technology services, system integration, asset management, online literature platforms, and digital music entertainment. Established in 1998, Tencent Holdings Limited maintains its corporate headquarters in Shenzhen, People's Republic of China.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
HKD456.20 -1.40 (-0.31%)
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Volume Profile
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Liquidity & share structure
Average Volume
30M
Beta
0.74
Float Shares
6.24B
Free Float %
69.0%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-1.26% +5.84% -4.02% -9.72% -25.70% -24.34% -12.00% +34.00% -18.13% +182.86% +59,135.64%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Analyst Consensus (2 ratings, all time) Buy
Price Targets & DCF
Current price
456.20
DCF (Unlevered) 483.10 +5.9%
DCF (Levered) 520.77 +14.2%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 94% Bullish
Rating 2026-06 Change
Strong Buy 8 0
Buy 36 +1
Hold 2 0
Sell 1 0
Strong Sell 0 0
Quality scores
Altman Z-Score
4.18
Safe zone
Piotroski F-Score
7 / 9
Strong
MOAT Score
8 / 10
Strong MOAT
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
3 / 5
Medium
ROE Score
4 / 5
High
ROA Score
5 / 5
High
D/E Score
3 / 5
Medium
P/E Score
2 / 5
Medium
P/Book Score
2 / 5
Medium
Operational MOAT
✗ Below peers ★ Strong MOAT
  • Revenue growth Internet Content & Information: +9.7%
    +13.9% Q1'26: +8.1% (vs Q1'25)
  • EPS growth Internet Content & Information: +26.9%
    +14.8% Q1'26: +21.6% (vs Q1'25)
  • FCF margin FCF growth · Internet Content & Information: +23.2%
    +26.6% Q1'26: +19.8% (vs Q1'25)
  • EBIT margin Internet Content & Information: +12.7%
    +32.7% Q1'26: +33.7% (vs Q1'25)
  • ROIC Internet Content & Information: +7.3%
    +16.8% Q1'26: +18.4% (vs Q1'25)
  • Share dilution Internet Content & Information: +0.3%
    -1.7% Q1'26: -1.0% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Internet Content & Information: -1.09×
    1.49× Q1'26: 1.21× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.75) × ERP
WACC = 90% × Ke + 10% × Kd (4.2%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 483.10 Current price: 456.20
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
44 Rev. Ana.
35 EPS Ana.
Dec 2027
42 Rev. Ana.
33 EPS Ana.
Dec 2028
20 Rev. Ana.
25 EPS Ana.
Dec 2029
23 Rev. Ana.
25 EPS Ana.
Dec 2030
27 Rev. Ana.
26 EPS Ana.
Revenue
102.86B
est: 119.46B (-13.9%)
151.94B
est: 169.61B (-10.4%)
237.76B
est: 287.86B (-17.4%)
312.69B
est: 355.54B (-12.1%)
377.29B
est: 420.35B (-10.2%)
482.06B
est: 570.94B (-15.6%)
560.12B
est: 691.87B (-19.0%)
554.55B
est: 628.78B (-11.8%)
609.02B
est: 673.85B (-9.6%)
660.26B
est: 657.25B (+0.5%)
751.77B
est: 751.70B (+0.0%)
842.29B
793.43B – 856.86B
+12.1% YoY
923.12B
806.79B – 961.15B
+9.6% YoY
1.01T
917.62B – 1.04T
+9.7% YoY
1.11T
1.01T – 1.15T
+9.8% YoY
1.10T
1.00T – 1.14T
-0.7% YoY
EBITDA
44.40B
est: 49.41B (-10.1%)
66.55B
est: 70.16B (-5.1%)
114.89B
est: 119.06B (-3.5%)
133.61B
est: 147.06B (-9.1%)
161.76B
est: 173.87B (-7.0%)
238.25B
est: 236.16B (+0.9%)
313.65B
est: 286.17B (+9.6%)
134.30B
est: 260.08B (-48.4%)
183.94B
est: 278.72B (-34.0%)
310.15B
est: 254.70B (+21.8%)
273.40B
est: 291.29B (-6.1%)
326.40B
307.47B – 332.05B
+12.1% YoY
357.72B
312.64B – 372.46B
+9.6% YoY
392.29B
355.59B – 403.98B
+9.7% YoY
430.89B
390.58B – 443.73B
+9.8% YoY
427.73B
387.71B – 440.47B
-0.7% YoY
EBIT
37.73B
est: 40.57B (-7.0%)
50.78B
est: 57.60B (-11.8%)
91.28B
est: 97.76B (-6.6%)
99.36B
est: 120.74B (-17.7%)
117.09B
est: 142.75B (-18.0%)
187.47B
est: 193.89B (-3.3%)
255.98B
est: 234.96B (+8.9%)
110.88B
est: 213.53B (-48.1%)
162.95B
est: 228.84B (-28.8%)
253.93B
est: 215.03B (+18.1%)
245.63B
est: 245.93B (-0.1%)
275.57B
259.59B – 280.34B
+12.1% YoY
302.02B
263.96B – 314.46B
+9.6% YoY
331.20B
300.22B – 341.07B
+9.7% YoY
363.79B
329.76B – 374.63B
+9.8% YoY
361.12B
327.34B – 371.87B
-0.7% YoY
Net Income
28.81B
est: 27.62B (+4.3%)
41.10B
est: 38.58B (+6.5%)
71.51B
est: 61.47B (+16.3%)
78.72B
est: 71.46B (+10.2%)
93.31B
est: 83.89B (+11.2%)
159.85B
est: 114.55B (+39.5%)
224.82B
est: 136.00B (+65.3%)
188.24B
est: 109.36B (+72.1%)
115.22B
est: 152.09B (-24.2%)
194.07B
est: 210.91B (-8.0%)
224.84B
est: 254.18B (-11.5%)
279.06B
247.81B – 313.46B
+9.8% YoY
309.94B
256.98B – 350.61B
+11.1% YoY
348.60B
306.21B – 362.10B
+12.5% YoY
428.57B
376.45B – 445.16B
+22.9% YoY
— – —
-100.0% YoY
SGA
24.82B
est: 24.69B (+0.5%)
34.60B
est: 35.05B (-1.3%)
50.70B
est: 59.49B (-14.8%)
65.76B
est: 73.48B (-10.5%)
74.84B
est: 86.87B (-13.8%)
101.38B
est: 117.99B (-14.1%)
130.44B
est: 142.98B (-8.8%)
135.93B
est: 129.94B (+4.6%)
137.74B
est: 139.26B (-1.1%)
78.46B
est: 139.28B (-43.7%)
177.85B
est: 159.30B (+11.7%)
178.49B
168.14B – 181.58B
+12.1% YoY
195.62B
170.97B – 203.68B
+9.6% YoY
214.53B
194.46B – 220.92B
+9.7% YoY
235.64B
213.59B – 242.65B
+9.8% YoY
233.90B
212.02B – 240.87B
-0.7% YoY
EPS
3.10
est: 2.94 (+5.6%)
4.38
est: 4.10 (+6.8%)
7.60
est: 6.53 (+16.3%)
8.34
est: 7.60 (+9.8%)
9.86
est: 8.92 (+10.6%)
16.84
est: 12.18 (+38.3%)
23.60
est: 14.46 (+63.3%)
19.76
est: 11.62 (+70.0%)
12.19
est: 16.17 (-24.6%)
20.94
est: 22.82 (-8.2%)
24.11
est: 27.50 (-12.3%)
30.19
26.81 – 33.91
+9.8% YoY
33.53
27.80 – 37.93
+11.1% YoY
37.71
33.12 – 39.17
+12.5% YoY
46.36
40.72 – 48.16
+22.9% YoY
— – —
-100.0% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-06-05 B+ 3/5 3/5 4/5 5/5 3/5 2/5 2/5
2026-06-04 B+ 3/5 3/5 4/5 5/5 3/5 2/5 2/5
2026-06-03 A- 4/5 3/5 5/5 5/5 3/5 2/5 2/5
2026-06-02 A- 4/5 3/5 5/5 5/5 3/5 2/5 2/5
2026-06-01 A- 4/5 3/5 5/5 5/5 3/5 2/5 2/5
2026-05-29 A- 4/5 3/5 5/5 5/5 3/5 2/5 2/5
2026-05-28 A- 4/5 3/5 5/5 5/5 3/5 2/5 2/5
2026-05-27 A- 4/5 3/5 5/5 5/5 3/5 2/5 2/5
2026-05-26 A- 4/5 3/5 5/5 5/5 3/5 2/5 2/5
2026-05-22 A- 4/5 3/5 5/5 5/5 3/5 2/5 2/5
2026-05-21 B+ 3/5 3/5 5/5 5/5 2/5 2/5 2/5
2026-05-20 B+ 3/5 3/5 5/5 5/5 2/5 2/5 2/5
2026-05-19 B+ 3/5 3/5 5/5 5/5 2/5 2/5 2/5
2026-05-18 B+ 3/5 3/5 5/5 5/5 2/5 2/5 2/5
2026-05-15 B+ 3/5 3/5 5/5 5/5 2/5 2/5 2/5
2026-05-14 B+ 3/5 3/5 5/5 5/5 2/5 2/5 1/5
2026-05-13 B+ 3/5 3/5 4/5 5/5 2/5 2/5 2/5
2026-05-12 B+ 3/5 3/5 4/5 5/5 2/5 2/5 2/5
2026-05-11 B+ 3/5 3/5 4/5 5/5 2/5 2/5 2/5
2026-05-08 B+ 3/5 3/5 4/5 5/5 2/5 2/5 2/5
2026-05-07 B+ 3/5 3/5 4/5 5/5 2/5 2/5 2/5
2026-05-06 B+ 3/5 3/5 4/5 5/5 2/5 2/5 2/5
2026-05-05 B+ 3/5 3/5 4/5 5/5 2/5 2/5 2/5
2026-05-04 B+ 3/5 3/5 4/5 5/5 2/5 2/5 2/5
2026-04-30 B 3/5 3/5 4/5 5/5 2/5 2/5 1/5
2026-04-29 B 3/5 3/5 4/5 5/5 2/5 2/5 1/5
2026-04-28 B 3/5 3/5 4/5 5/5 2/5 2/5 1/5
2026-04-27 B+ 3/5 3/5 4/5 5/5 2/5 2/5 2/5
2026-04-24 B 3/5 3/5 4/5 5/5 2/5 2/5 1/5
2026-04-23 B 3/5 3/5 4/5 5/5 2/5 2/5 1/5
2026-04-22 B 3/5 3/5 4/5 5/5 2/5 2/5 1/5
2026-04-21 B 3/5 3/5 4/5 5/5 2/5 2/5 1/5
2026-04-20 B 3/5 3/5 4/5 5/5 2/5 2/5 1/5
2026-04-17 B+ 3/5 3/5 5/5 5/5 2/5 2/5 1/5
2026-04-16 B+ 3/5 3/5 5/5 5/5 2/5 2/5 1/5
2026-04-15 B+ 3/5 3/5 5/5 5/5 2/5 2/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
185.23B
OE per share TTM
19.93
Owner's Yield
4.52%
Maintenance CapEx ratio
34.20%
Maint CapEx / Avg PPE
17.2%

Ownership Overview

Ownership breakdown
At a glance
Institutional holders
2
Total invested
1.70M
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend From To
13F snapshot — 2026 Q1
Investors holding
2
+1 vs prev Q
New positions
1
Closed positions
0
Increased
1
Reduced
0
Put/Call ratio
0.00
Calls held
Puts held
Top institutional holders
# Investor Shares / Δ Mkt value / Δ Own% / Δ Weight% / Δ Avg px / Perf. Hold / Status
1 STANLEY-LAMAN GROUP, LTD. 27.0K +27.0K (+100.0%) 2.08M +2.1M (+100.0%) 0.00% +0.000 pp 0.26% +0.264 pp HKD599.00 +0.0% 1 qtrs NEW
2 BOSTON COMMON ASSET MANAGEMENT, LLC -125.9K (-100.0%) -10.7M (-100.0%) 0.00% -0.001 pp 0.00% -0.300 pp HKD 12 qtrs SOLD
3 -2.0K (-100.0%) -170.4K (-100.0%) 0.00% +0.000 pp 0.00% -0.031 pp HKD 2 qtrs SOLD
Ownership breakdown by holder

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
2.22M
Shares Outstanding
9.04B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Huateng Ma Co-Founder, Chairman & Chief Executive Officer 56M male
Chi Ping Lau President 19M male
Liqing Zeng Co-Founder & Advisor Emeritus 19M male
Yidan Chen Co-Founder & Advisor Emeritus 19M male
Zhidong Zhang Co-Founder & Advisor Emeritus 19M male
Shek Lo Chief Financial Officer & Senior Vice President male
Shan Lu Senior EVice President and President of Technology & Engineering Group male
Chenye Xu Co-Founder & Chief Information Officer male
Weibiao Zhan Managing Director male
Yuxin Ren Chief Operating Officer and President of Platform & Content Group & Interactive Entertainment Group male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits