企業プロフィール · Communication Services

Tencent Holdings Ltd

0700 · 香港株
その他の上場00700 · 香港株700 · 香港株
取引所
香港株
国 / 地域
Hong Kong
上場日
2004年6月16日
従業員数
115,927
公式サイト
www.tencent.com
現在値
HK$428.4
リアルタイム · 2026年9月13日
妥当買付価格
≤ HK$360
安全マージンの起点
ベイリー成長スコア
53/100
標準
Buffett Score
82/100
卓越
本源的価値 · 3 段階レンジ 現在値 HK$428.4 リアルタイム · 保守的レンジと妥当レンジの間

総合バリュエーションレンジ · 保守的 HK$345–HK$360 / 妥当 HK$475–HK$635 / 楽観的 HK$800–HK$850。HK$428.4 時点で 保守的レンジと妥当レンジの間。

レポート公開時 HK$478.8(2026年8月9日)

時価総額HK$3.86兆
売上高(TTM)HK$7884.83億
EBITDAHK$2970.43億
純利益率29.87%
ROE19.91%
PER (TTM)14.41
予想PER11.78
PEG1.32
EPSHK$29.34
配当利回り1.12%
52週レンジHK$411.00 – HK$675.13

データ提供:EODHD、報告通貨で表示。参考情報であり、投資助言ではありません。

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.

沿革

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.

業界での地位

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 · 香港株Internet Platforms2026年8月9日 56/100 慎重な買い テンセント・ホールディングス:詳細リサーチ WeChatエコシステムとゲームのキャッシュフローは極めて堅固で、AIは広告効率を押し上げ始めており、現在のバリュエーションはそれをまだ十分に織り込んでいない。妥当な買いレンジは380から430香港ドル。最大の逆方向リスクは、広告とクラウドの収益化が遅れる一方でAI capexが増えること。評価は慎重な買い:成熟したキャッシュカウがAIとWeChatエコシステムを通じて二度目のバリュエーション再評価を目指す銘柄であり、プレミアムではなく保守的に価格付けされている。 テンセント・ホールディングス0700 · 香港株Internet Platforms2026年5月28日 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 · 香港株Internet Platforms2026年5月17日