TENCENT HOLDINGS LIM

700
End-of-day quote. End-of-day quote  - 02/26
662.5HKD -4.19%
Income Statement Evolution
Annual Income Statement Data
Fiscal Period: December 2019 2020
Net sales1 377 289480 726
EBITDA1 137 268180 369
Operating profit (EBIT)1 118 694153 944
Operating Margin 31,5%32,0%
Pre-Tax Profit (EBT)1 109 400151 080
Net income1 93 310128 408
Net margin 24,7%26,7%
EPS2 9,6413,2
Dividend per Share2 1,091,35
Last update 03/18/202002/26/2021
1 CNY in Million
2 CNY
Estimates
Finances - Leverage
Fiscal Period: December 2019 2020
Net Debt1 --
Net Cash position1 15 55274 310
Leverage (Debt / EBITDA) -0,11x-0,41x
Free Cash Flow1 116 221142 335
ROE (Net Profit / Equities) 24,7%24,2%
Shareholders' equity1 378 109531 526
ROA (Net Profit / Asset) 11,1%11,8%
Assets1 838 7571 088 523
Book Value Per Share2 45,159,4
Cash Flow per Share2 15,518,5
Capex1 32 36934 070
Capex / Sales 8,58%7,09%
Last update 03/18/202002/26/2021
1 CNY in Million
2 CNY
Estimates
Balance Sheet Analysis
Financial Ratios
Size 2020e 2021e
Capitalization 5 265 491 M CNY -
Entreprise Value (EV) 5 191 180 M CNY 5 101 788 M CNY
Valuation 2020e 2021e
P/E ratio (Price / EPS) 41,7x 35,6x
Capitalization / Revenue 11,0x 8,86x
EV / Revenue 10,8x 8,73x
EV / EBITDA 28,8x 23,3x
Yield (DPS / Price) 0,24% 0,30%
Price to book (Price / BVPS) 9,30x 7,41x
Profitability 2020e 2021e
Operating Margin (EBIT / Sales) 32,0% 30,9%
Operating Leverage (Delta EBIT / Delta Sales) 1,08x 0,81x
Net Margin (Net Profit / Revenue) 26,7% 25,2%
ROA (Net Profit / Asset) 11,8% 11,8%
ROE (Net Profit / Equities) 24,2% 23,3%
Rate of Dividend 10,2% 10,5%
Balance Sheet Analysis 2020e 2021e
CAPEX / Sales   7,09% 6,75%
Cash Flow / Sales 36,7% 35,5%
Capital Intensity (Assets / Sales) 2,26x 2,13x
Financial Leverage (Net Debt / EBITDA) - -
Price Earning Ratio
EPS & Dividend