기업 프로필 · Communication Services

Tencent Holdings Ltd

0700 · 홍콩
기타 상장00700 · 홍콩700 · 홍콩
거래소
홍콩
국가 / 지역
Hong Kong
상장일
2004년 6월 16일
직원 수
115,927
웹사이트
www.tencent.com
현재가
HK$428.4
실시간 · 2026년 9월 13일
적정 매수가
≤ HK$360
안전마진 진입가
베일리 성장 점수
53/100
보통
Buffett Score
82/100
최상위
내재가치 · 3단계 구간 현재가 HK$428.4 실시간 · 보수적 구간과 적정 구간 사이

종합 밸류에이션 구간 · 보수적 HK$345–HK$360 / 적정 HK$475–HK$635 / 낙관적 HK$800–HK$850. HK$428.4 기준, 보수적 구간과 적정 구간 사이.

보고서 발행 시 HK$478.8(2026년 8월 9일)

시가총액HK$3.86조
매출 (TTM)HK$7884.83억
EBITDAHK$2970.43억
순이익률29.87%
ROE19.91%
PER (TTM)14.41
선행 PER11.78
PEG1.32
EPSHK$29.34
배당수익률1.12%
52주 범위HK$411.00 – HK$675.13

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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.

연혁

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.

업계 내 위치

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 · 홍콩Internet Platforms2026년 8월 9일 56/100 신중 매수 텐센트 홀딩스: 심층 리서치 연구 위챗 생태계와 게임 현금흐름은 매우 견고하고, AI는 이미 광고 효율을 끌어올리기 시작했지만 현재 밸류에이션은 이를 아직 충분히 반영하지 못했다. 공정 매수 구간은 380에서 430홍콩달러이며, 가장 큰 역방향 리스크는 AI 자본지출이 증가하는 동안 광고와 클라우드 수익화가 뒤처지는 것이다. 평가 신중 매수: 성숙한 캐시카우가 AI와 위챗 생태계를 통해 두 번째 밸류에이션 재평가를 모색하는 국면으로, 프리미엄이 아니라 보수적으로 가격이 매겨져 있다. 텐센트 홀딩스 유한회사0700 · 홍콩Internet Platforms2026년 5월 28일 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 · 홍콩Internet Platforms2026년 5월 17일