Unternehmensprofil · Communication Services

Tencent Holdings Ltd

0700 · Hongkong
Weitere Notierungen00700 · Hongkong700 · Hongkong
Börse
Hongkong
Land / Region
Hong Kong
Börsengang
16. Juni 2004
Mitarbeiter
115.927
Aktueller Kurs
HK$428.4
Live · 13. September 2026
Fairer Kauf
≤ HK$360
Einstieg mit Sicherheitsmarge
Baillie-Wachstumsscore
53/100
Mittel
Buffett Score
82/100
Exzellent
Innerer Wert · Drei-Stufen-Bereich Aktueller Kurs HK$428.4 Live · Zwischen dem konservativen und dem fairen Bereich

Zusammengesetzter Bewertungsbereich · konservativ HK$345–HK$360 / fair HK$475–HK$635 / optimistisch HK$800–HK$850. Bei HK$428.4, Zwischen dem konservativen und dem fairen Bereich.

Bei Veröffentlichung HK$478.8 (9. August 2026)

Marktkapitalisierung3,86 Bio. HK$
Umsatz (TTM)788,48 Mrd. HK$
EBITDA297,04 Mrd. HK$
Nettomarge29,87 %
ROE19,91 %
KGV (TTM)14,41
Erwartetes KGV11,78
PEG1,32
EPS29,34 HK$
Dividendenrendite1,12 %
52-Wochen-Spanne411,00 HK$ – 675,13 HK$

Daten von EODHD, dargestellt in der Berichtswährung; nur zu Informationszwecken, keine Anlageberatung.

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. 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.

Geschichte

Tencent Holdings Limited was founded in 1998 and is headquartered in Shenzhen, China; formerly Tencent (BVI) Limited, it was renamed Tencent Holdings Limited in February 2004 and listed on the Main Board of the Hong Kong Stock Exchange that year (stock code 700, IPO date 2004-06-16) at HK$3.70 per share. It began with the QQ instant-messaging system and value-added services and, through WeChat and the mobile era, evolved into a platform spanning social networks, digital content and games, fintech and payments, and cloud and enterprise services. It employs about 114,848 people.

Branchenposition

Tencent is a leading Chinese internet platform whose business sits at the intersection of games, digital advertising, mobile payment, and cloud and AI enterprise services. WeChat/Weixin combined monthly active users reached 1.432 billion in Q1 2026, anchoring its advertising, payment, and merchant ecosystem. In full-year 2025, value-added services made up 49% of revenue, fintech and business services 31%, and marketing services (advertising) 19%. Per Omdia, Tencent Cloud held about 10% of China's cloud-infrastructure market, behind Alibaba Cloud (33%) and Huawei Cloud (18%). Its core moat is the WeChat relationship-chain network effect plus a payment-driven commerce closed loop; main competitors include NetEase in games, ByteDance and Kuaishou in advertising, Alipay in payments, and Alibaba Cloud and Huawei Cloud in cloud.

53/100 Hold Tencent Holdings: A 12.8% Re-Rating on an Unconfirmed WeChat Agent, While Q1 Disclosed RMB8.8 Billion of AI Drag Tencent monetizes Weixin/WeChat, games, advertising, payments and cloud while holding RMB912 billion of disclosed investments before discounts. Q1 2026 domestic games slowed to 6% growth while Marketing Services held 20%, and new AI products cut non-IFRS operating profit by about RMB8.8 billion in the quarter. Rating Hold: at HK$478.80 the shares sit above the HK$451 conservative sum-of-the-parts value, leaving no margin of safety three days before Q2 results. Tencent Holdings Limited0700 · HongkongInternet Platforms9. August 2026 56/100 Vorsichtiger Kauf Tencent Holdings: Eine tiefgehende Research-Studie Das WeChat-Ökosystem und die Gaming-Cashflows sind äußerst robust, KI beginnt die Werbeeffizienz zu steigern, und die aktuelle Bewertung preist dies noch nicht vollständig ein. Eine faire Kaufspanne von 380 bis 430 Hongkong-Dollar; das größte Gegenrisiko ist, dass KI-Capex steigt, während Werbe- und Cloud-Monetarisierung zurückbleiben. Rating Vorsichtiger Kauf: eine reife Cash Cow, die über KI und das WeChat-Ökosystem ein zweites Bewertungs-Re-Rating sucht und konservativ statt mit einem Aufschlag bewertet ist. Tencent Holdings Limited0700 · HongkongInternet Platforms28. Mai 2026 Hold Tencent Holdings: A Long-Term Owner's Investment Analysis A high-quality platform business spanning the WeChat ecosystem, gaming, fintech, cloud, and an investment portfolio, with real cash flow, a robust balance sheet, and a deep moat; but the business is not simple, and at the current price the margin of safety is not obvious. Research rating Hold: a top-tier compounder trading from fair to slightly attractive, not a clearly undervalued bargain. Tencent Holdings Limited0700 · HongkongInternet Platforms17. Mai 2026