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Tencent Holdings Ltd (HKG:0700)

Interactive Media and Services
Comunicaciones
growth

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, 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’s innovation business includes artificial intelligences, such as robotics and quantum computing; and enterprise and next-generation technologies for food production, energy creation, and water management applications. 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. The company was formerly known as Tencent (BVI) Limited and changed its name to Tencent Holdings Limited in February 2004. Tencent Holdings Limited was founded in 1998 and is headquartered in Shenzhen, the People’s Republic of China.

Precio Actual

HK$554.04
-0.33% vs día anterior

Capitalización

723B

Desviación

+11.22%

Y/Y Growth

10%

EBIT Margin

35.7%

ROIC

11%

PEG Ratio

1.37

ROE

13.1%

3Y EPS Growth

17.5%

Dividend Yield

0.76%

Net Debt / EBITDA

-0.01x
Esta empresa tiene una posición de caja neta (más efectivo que deuda).

Proyecciones CAGR

Proyecciones de tasa de crecimiento anual compuesta basadas en diferentes modelos de valoración. CAGR EV/FCF es la métrica principal.

CAGR EV/FCF
7.7%
CAGR EV/FCF (2025):
-10.1%
CAGR Prom.:
9.5%
CAGR P/E:
10.3%
CAGR EV/EBITDA: 11.5%
CAGR EV/EBIT: 8.5%
Precio de compra para +15%:
HK$373.07

Múltiplos de Valoración

Múltiplos de valoración utilizados para las estimaciones de CAGR y precios objetivo.

P/E
24x
(Fair: 44x)
EV/FCF
24x
EV/EBITDA
18x
EV/EBIT
18x

Gráfico de Evolución del Precio

Precios Objetivo FCF

Precios futuros estimados de la acción basados en proyecciones de flujo de caja libre.

Calculadora de Sensibilidad

Compara el CAGR de tu valoración con el que resultaría al aplicar diferentes múltiplos (LTM y Fair P/E).

Mercado LTM P/E
24x
Fair P/E
44x
CAGR EV/FCF
Tu Múltiplo: 24x
7.7%
7.7%
21.6%
CAGR P/E
Tu Múltiplo: 24x
10.3%
10.3%
24.5%
Tu CAGR
CAGR con LTM
CAGR con Fair P/E

Notas

Rendimiento Histórico vs. Índices

Rendimiento anual (YTD) de la acción comparado con índices y materias primas de referencia.

Media vs. Bitcoin
-165.47%
Media vs. Gold
+6.91%
Media vs. Bono USA 7-10y
+22.40%
Media vs. Bono USA 1-3y
+21.85%
Media vs. Bono USA 20+y
+23.99%
Media vs. Dow Jones
+10.49%
Media vs. S&P 500
+7.62%
Media vs. NASDAQ 100
+2.20%
Media vs. MSCI World
+10.23%
Media vs. Russell 2000
+12.10%
Media vs. STOXX Europe 600
+16.41%
Rendimiento anual de cada inversión. La línea discontinua marca el 0% (punto de equilibrio).
Año
Rendimiento HKG:0700
Rendimiento Bitcoin
Rendimiento vs. Bitcoin
Rendimiento Gold
Rendimiento vs. Gold
Rendimiento Bono USA 7-10y
Rendimiento vs. Bono USA 7-10y
Rendimiento Bono USA 1-3y
Rendimiento vs. Bono USA 1-3y
Rendimiento Bono USA 20+y
Rendimiento vs. Bono USA 20+y
Rendimiento Dow Jones
Rendimiento vs. Dow Jones
Rendimiento S&P 500
Rendimiento vs. S&P 500
Rendimiento NASDAQ 100
Rendimiento vs. NASDAQ 100
Rendimiento MSCI World
Rendimiento vs. MSCI World
Rendimiento Russell 2000
Rendimiento vs. Russell 2000
Rendimiento STOXX Europe 600
Rendimiento vs. STOXX Europe 600
2025
YTD en Vivo
46.63%-1.40%+48.04%57.46%-10.83%4.29%+42.34%0.99%+45.65%0.69%+45.95%13.12%+33.51%16.85%+29.79%22.29%+24.35%20.22%+26.42%12.99%+33.65%13.34%+33.30%
2024
40.59%110.77%-70.18%26.96%+13.64%-3.73%+44.32%0.05%+40.54%-11.17%+51.76%12.80%+27.79%24.01%+16.58%30.78%+9.81%17.88%+22.71%10.80%+29.79%5.50%+35.09%
2023
-10.48%153.66%-164.14%11.76%-22.24%-0.15%-10.34%0.98%-11.47%-2.54%-7.94%13.74%-24.22%24.73%-35.21%44.52%-55.00%21.92%-32.41%15.78%-26.27%11.67%-22.16%
2022
-26.40%-65.23%+38.83%0.78%-27.18%-15.93%-10.47%-5.00%-21.40%-31.00%+4.61%-9.40%-17.00%-19.95%-6.45%-33.89%+7.50%-19.70%-6.70%-22.50%-3.90%-13.29%-13.11%
2021
-20.21%60.33%-80.54%-6.24%-13.97%-4.15%-16.06%-0.98%-19.23%-5.94%-14.27%20.23%-40.44%28.79%-49.00%23.20%-43.41%21.22%-41.43%15.39%-35.60%21.66%-41.87%
2020
47.49%301.93%-254.44%23.90%+23.59%8.33%+39.16%2.02%+45.47%15.12%+32.37%6.02%+41.47%15.29%+32.20%41.75%+5.74%12.94%+34.55%18.48%+29.01%-4.64%+52.13%
2019
22.51%88.85%-66.35%17.78%+4.73%5.55%+16.95%1.20%+21.31%10.91%+11.59%21.91%+0.59%28.34%-5.83%34.60%-12.10%25.23%-2.72%23.05%-0.55%23.42%-0.91%
2018
-24.84%-71.79%+46.95%-3.12%-21.73%-0.97%-23.87%-0.24%-24.61%-3.17%-21.67%-6.03%-18.82%-7.01%-17.83%-5.30%-19.54%-11.16%-13.68%-13.00%-11.85%-13.42%-11.42%
2017
114.37%1,184.56%-1,070.20%11.93%+102.43%0.76%+113.60%-0.63%+114.99%6.03%+108.33%24.33%+90.03%18.42%+95.95%27.16%+87.21%19.45%+94.91%12.45%+101.91%7.16%+107.21%
2016
27.23%109.91%-82.67%6.53%+20.70%-1.15%+28.38%-0.02%+27.26%-1.91%+29.14%15.24%+11.99%11.24%+16.00%9.79%+17.44%6.53%+20.70%22.42%+4.82%1.33%+25.90%
Media21.69%187.16%-165.47%14.77%+6.91%-0.71%+22.40%-0.16%+21.85%-2.30%+23.99%11.20%+10.49%14.07%+7.62%19.49%+2.20%11.45%+10.23%9.59%+12.10%5.27%+16.41%

Historial de Valoración

Historial de cambios significativos en los factores de valoración y precios objetivo a lo largo del tiempo. Los valores resaltados indican un cambio respecto a la valoración anterior.

Fecha de Valoración
Y/Y Growth
EBIT Margin
Net Debt/EBITDA
P/E
EV/FCF
EV/EBITDA
EV/EBIT
Objetivo 2025
Objetivo 2026
Objetivo 2027
Objetivo 2028
Objetivo 2029
11/8/202510%35.7%-0.01x24x(44x)24x18x18xHK$498.16HK$553.01HK$619.42HK$681.76HK$750.38
9/24/202510%35.9%0x25x(28x)25x20x23xHK$509.91HK$566.75HK$636.39HK$700.44HK$770.94

Historial de Dividendos

Evolución de los dividendos por acción pagados durante los últimos 10 años.

Dividend Yield Actual
0.76%
Basado en 2025
Crecimiento Promedio
30.33%
CAGR últimos 10 años
Años Consecutivos
3
Años de crecimiento continuo
AñoDividendo por AcciónCrecimiento
2025
Actual
HK$4.23+36.89%
2024HK$3.09+45.75%
2023HK$2.12+63.08%
2022HK$1.30-3.70%
2021HK$1.35+26.17%
2020HK$1.07+21.59%
2019HK$0.88+20.55%
2018HK$0.73+32.73%
2017HK$0.55+41.03%
2016HK$0.39-
CAGR de Dividendos (2016 - 2025)
30.33%

Análisis de Outperformance

Rendimiento histórico vs índices principales y métricas de consistencia

Outperformance Promedio vs Índices

Rendimiento promedio comparado con los principales índices del mercado

Outperformance
Underperformance

Evolución del Rendimiento Año a Año

Rendimiento histórico con marcadores de mejores y peores años

🏆Best Year
2017
+114.37%
📉Worst Year
2022
-26.40%

Consistencia de Rendimiento

Porcentaje de años con rendimientos positivos

60%
6 of 10 years positive
Consistency ScoreGood
0%50%70%100%

HKG:0700 shows moderate consistency with positive returns in 60% of years.