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Tencent Holdings LimitedSEHK:700 Stock Report

Market Cap HK$4.1t
Share Price
HK$455.20
HK$723.55
37.1% undervalued intrinsic discount
1Y-12.5%
7D-1.6%
Portfolio Value
View

Tencent Holdings Limited

SEHK:700 Stock Report

Market Cap: HK$4.1t

Tencent Holdings (700) Stock Overview

An investment holding company, provides value-added services, marketing services, fintech, and business services in Mainland China and internationally. More details

700 fundamental analysis
Snowflake Score
Valuation5/6
Future Growth2/6
Past Performance5/6
Financial Health5/6
Dividends0/6

700 Community Fair Values

Create Narrative

See what 270 others think this stock is worth. Follow their fair value or set your own to get alerts.

Tencent Holdings Limited Competitors

Price History & Performance

Summary of share price highs, lows and changes for Tencent Holdings
Historical stock prices
Current Share PriceHK$455.20
52 Week HighHK$683.00
52 Week LowHK$445.80
Beta0.75
1 Month Change-12.88%
3 Month Change-14.60%
1 Year Change-12.55%
3 Year Change36.94%
5 Year Change-26.34%
Change since IPO54,743.37%

Recent News & Updates

Narrative Update May 07

Tencent combines massive scale + efficient monetization + transition to AI, positioning it as one of the strongest players in the global tec

Using the data published by the company in its Financial Reports and its 2025 annual and fourth quarter results , with the help of Copilot, I have generated the following update. Given its positive results, I have increased the profit forecast to 35%, and reduced the country risk to 8% and future PE to 20x.
Narrative Update Apr 26

700: Core Platforms Will Sustain Earnings Power As AI Partnerships Advance

Narrative Update Analysts have nudged the Tencent Holdings price target slightly higher to about HK$724. This reflects small model adjustments to fair value, discount rate, revenue growth and future P/E, while also factoring in fresh concerns about softer WeChat Pay and ad trends and potential AI chip supply constraints.

Recent updates

Narrative Update May 07

Tencent combines massive scale + efficient monetization + transition to AI, positioning it as one of the strongest players in the global tec

Using the data published by the company in its Financial Reports and its 2025 annual and fourth quarter results , with the help of Copilot, I have generated the following update. Given its positive results, I have increased the profit forecast to 35%, and reduced the country risk to 8% and future PE to 20x.
Narrative Update Apr 26

700: Core Platforms Will Sustain Earnings Power As AI Partnerships Advance

Narrative Update Analysts have nudged the Tencent Holdings price target slightly higher to about HK$724. This reflects small model adjustments to fair value, discount rate, revenue growth and future P/E, while also factoring in fresh concerns about softer WeChat Pay and ad trends and potential AI chip supply constraints.
Narrative Update Apr 11

700: Core Platforms Will Sustain Earnings Power As AI Execution Progresses

The analyst price target for Tencent Holdings has moved slightly higher to HK$722.25 from HK$714.25. Analysts highlight expectations for steady profitability and valuation assumptions, while maintaining more cautious views on revenue growth and potential AI chip supply constraints.
Narrative Update Mar 28

700: Core Platforms Will Sustain Earnings Power Despite AI Chip Supply Risks

Analysts have trimmed their Tencent Holdings fair value estimate from HK$759.60 to HK$714.25, citing softer expected revenue growth, slightly lower profit margins and potential AI chip supply constraints linked to U.S. and China trade tensions. Analyst Commentary Recent commentary around Tencent highlights a more cautious tone, with the shift to a Hold stance framed around softer expected growth and external constraints that could affect both near term execution and longer term AI plans.
Narrative Update Mar 12

700: Core Platforms Will Extend Earnings Power Despite AI Chip Uncertainty

Analysts have made only a small adjustment to their Tencent Holdings fair value estimate, lifting the price target from about HK$757 to roughly HK$760. This reflects slightly softer revenue expectations and potential AI chip supply constraints linked to ongoing U.S. China trade tensions.
Narrative Update Feb 26

700: AI Chip Access And Core Platforms Will Support Earnings Beyond 2025

The analyst price target for Tencent Holdings has been adjusted slightly higher to HK$757.25 from HK$752.96, as analysts factor in modest tweaks to fair value and profit assumptions, while also acknowledging softer expected revenue growth and potential AI chip supply constraints tied to U.S.–China trade tensions. Analyst Commentary Recent commentary around Tencent highlights a mixed view, with cautious revisions to expectations for growth and profitability tied to both domestic demand and external supply risks.
Narrative Update Feb 11

700: Strong Q3 Execution And Ecosystem Deals Will Support Earnings Beyond 2025

Tencent Holdings' latest narrative update reflects a modest lift in the implied analyst price target to about HK$753 from around HK$749, with analysts citing strong recent results and tighter control over financials as key supports for this adjustment. Analyst Commentary Recent analyst commentary around Tencent focuses on how the company is managing its financials and what that might mean for valuation and execution risk.
Narrative Update Jan 26

700: AI Spending And Ecosystem Deals Will Support Earnings Beyond 2025

Analysts have nudged their price targets for Tencent higher, with one move from $77 to $102. This adjustment is closely tied to recent Q3 results and expectations that ongoing investment in artificial intelligence could support stronger revenue and profit in 2026 compared with 2025.
Narrative Update Jan 11

700: AI Investments And New Ecosystem Deals Will Strengthen Earnings Quality

Analysts have lifted their fair value estimate for Tencent Holdings by about HK$9 to HK$752, citing recent price target increases from US$77 to US$102 and upgraded ratings that point to confidence in the company's financial control and planned investment in artificial intelligence research and development. Analyst Commentary Bullish Takeaways Bullish analysts highlight Tencent's recent Q3 results as evidence that the company appears to have tight control over its financials, which they see as supporting higher fair value estimates.
Analysis Article Jan 01

Why Tencent Holdings Limited (HKG:700) Could Be Worth Watching

Let's talk about the popular Tencent Holdings Limited ( HKG:700 ). The company's shares saw significant share price...
Narrative Update Dec 23

700: AI Monetization And Ecosystem Deals Will Improve Earnings Quality

Analysts have modestly raised their price target on Tencent Holdings, lifting fair value by approximately $0.31 to about $743 per share. They cite stronger than expected financial control following robust Q3 results and growing conviction that AI driven investments will accelerate revenue and profit growth into 2026.
Narrative Update Dec 09

700: Accelerated AI Investment Will Drive Higher-Quality Earnings And Multiple Expansion

Analysts have nudged their price target for Tencent Holdings higher, lifting fair value by about HK$6 per share as they point to strong recent results, tighter financial control, and expectations that accelerated revenue and profit growth from artificial intelligence investments will support a modestly higher future earnings multiple. Analyst Commentary Street research has turned more constructive on Tencent, with recent target and rating changes reflecting growing confidence in the companys execution, earnings trajectory, and ability to monetize artificial intelligence capabilities over the next several years.
Narrative Update Nov 25

700: Accelerated Artificial Intelligence Investment Will Drive Continued Upside Momentum

Tencent Holdings' fair value estimate has been increased by analysts from $710.35 to $736.73 per share, based on stronger-than-expected Q3 results and optimistic projections for accelerated revenue and profit growth through continued investment in artificial intelligence. Analyst Commentary Recent street research offers an optimistic outlook for Tencent Holdings, reflecting shifts in both valuation and future growth expectations.
Narrative Update Nov 05

700: Offshore Bond Issuance Will Drive Expansion Despite Industry Pressures

Tencent Holdings' analyst price target has been raised slightly from HK$708.43 to HK$710.35. Analysts cite improving valuation metrics and a recent upgrade in outlook as reasons for this adjustment.
Narrative Update Oct 22

Analysts Lift Tencent Price Target on Growth Prospects Amid Regulatory and Competitive Headwinds

Analysts have raised their price target for Tencent Holdings from HK$695.52 to HK$708.43, citing recent positive upgrades as well as expectations of continued growth in revenue and valuation multiples. Analyst Commentary Bullish Takeaways Bullish analysts highlight Tencent's upgraded price target and improved rating as a reflection of rising confidence in the company's long-term growth prospects.
Narrative Update Oct 08

AI And WeChat Expansion Will Fuel Long-term Growth

Narrative Update on Tencent Holdings Price Target Analysts have raised their price target for Tencent Holdings from HK$687.44 to HK$695.52, citing improved profit margins and an upgrade in ratings. This reflects increased confidence in the company's financial outlook.
Analysis Article Sep 10

Here's Why We Think Tencent Holdings (HKG:700) Is Well Worth Watching

The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
Narrative Update Aug 16

AI And WeChat Expansion Will Fuel Long-term Growth

Upward revisions to both consensus revenue growth forecasts and future P/E multiples reflect increased optimism about Tencent Holdings’ earnings potential, resulting in a higher analyst price target from HK$639.55 to HK$679.51. What's in the News Tencent is among a dozen parties shortlisted by Starbucks for a potential investment in its China business, with bidders including JD.com and major private equity firms (Bloomberg, 2025-08-01).
Analysis Article Aug 01

A Look At The Intrinsic Value Of Tencent Holdings Limited (HKG:700)

Key Insights The projected fair value for Tencent Holdings is HK$662 based on 2 Stage Free Cash Flow to Equity Tencent...
Analysis Article Jun 16

Some Shareholders Feeling Restless Over Tencent Holdings Limited's (HKG:700) P/E Ratio

With a price-to-earnings (or "P/E") ratio of 21.2x Tencent Holdings Limited ( HKG:700 ) may be sending very bearish...
Analysis Article Jun 01

Tencent Holdings (HKG:700) Could Easily Take On More Debt

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
New Narrative Feb 24

Tencent's robust growth prospects will have a 22x impact on their future PE ratio

Expansion of Cloud Services: Tencent Cloud is rapidly growing, capitalizing on the global surge in digital transformation. As businesses increasingly migrate to the cloud for scalability and efficienc
New Narrative Jan 08

Tencent Holdings will see revenue grow by 14%

WeixinVideo Accounts, Mini Games and Weixin Search enhance user value by creating seamless connections with products, services and content while presenting exciting revenue opportunities.Generating hi
User avatar
New Narrative Nov 24

AI-Powered Gamers' Paradise Fuels International Cloud Growth With Boosted Margins

Robust revenue growth in the Games business and e-commerce strategy via Weixin Mini Shops could boost future revenue and margins.

Shareholder Returns

700HK Interactive Media and ServicesHK Market
7D-1.6%0.1%-2.5%
1Y-12.5%-10.7%12.9%

Return vs Industry: 700 underperformed the Hong Kong Interactive Media and Services industry which returned -10.7% over the past year.

Return vs Market: 700 underperformed the Hong Kong Market which returned 12.9% over the past year.

Price Volatility

Is 700's price volatile compared to industry and market?
700 volatility
700 Average Weekly Movement5.0%
Interactive Media and Services Industry Average Movement7.3%
Market Average Movement7.2%
10% most volatile stocks in HK Market15.4%
10% least volatile stocks in HK Market3.5%

Stable Share Price: 700 has not had significant price volatility in the past 3 months compared to the Hong Kong market.

Volatility Over Time: 700's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1998114,848Pony Mawww.tencent.com

Tencent Holdings Limited, an investment holding company, provides value-added services, marketing services, fintech, and business services in Mainland China and internationally. The company’s consumers business includes communications and social services, such as instant messaging and social networks; digital content, including online games, videos, live streaming, news, music, and literature; fintech services, which include mobile payment, wealth management, consumer loans, and securities trading; and various tools comprising network security management, browsing, navigation, application management, email, etc. Its enterprise business comprises marketing solutions, which offer digital tools, including user insight, creative management, placement strategy, and digital assets management; and cloud services, such as cloud computing, big data analytics, artificial intelligence, Internet of Things, and security and other technologies for financial services, education, healthcare, retail, industry, transport, energy, and radio and television industries. The company also invests in, produces, and distributes films and television programs; offers copyrights licensing and merchandise sales and other services; provides internet advertisement services; and offers software development, and information technology and system integration services, as well as develops and operates mobile games.

Tencent Holdings Limited Fundamentals Summary

How do Tencent Holdings's earnings and revenue compare to its market cap?
700 fundamental statistics
Market capHK$4.11t
Earnings (TTM)HK$270.59b
Revenue (TTM)HK$884.12b
15.2x
P/E Ratio
4.6x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
700 income statement (TTM)
RevenueCN¥768.20b
Cost of RevenueCN¥334.56b
Gross ProfitCN¥433.64b
Other ExpensesCN¥198.53b
EarningsCN¥235.11b

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

n/a

Earnings per share (EPS)26.06
Gross Margin56.45%
Net Profit Margin30.61%
Debt/Equity Ratio31.9%

How did 700 perform over the long term?

See historical performance and comparison

Dividends

1.2%
Current Dividend Yield
18%
Payout Ratio

Does 700 pay a reliable dividends?

See 700 dividend history and benchmarks
When do you need to buy 700 by to receive an upcoming dividend?
Tencent Holdings dividend dates
Ex Dividend DateMay 15 2026
Dividend Pay DateJun 01 2026
Days until Ex dividend6 days
Days until Dividend pay date11 days

Does 700 pay a reliable dividends?

See 700 dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/20 20:43
End of Day Share Price 2026/05/20 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Tencent Holdings Limited is covered by 87 analysts. 44 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Tianli WenAletheia Analyst Network Limited
Zixiao YangArete Research Services LLP
Michael de NobregaAvior Capital Markets