TENCENT HOLDINGS LIM

700
End-of-day quote. End-of-day quote  - 06/18
603HKD +0.67%
Income Statement Evolution
Annual Income Statement Data
Fiscal Period: December 2020 2021
Net sales1 482 064591 253
EBITDA1 170 680213 180
Operating profit (EBIT)1 184 237183 063
Operating Margin 38,2%31,0%
Pre-Tax Profit (EBT)1 180 022176 458
Net income1 159 847149 611
Net margin 33,2%25,3%
EPS2 16,515,4
Dividend per Share2 1,341,61
Last update 03/24/202106/18/2021
1 CNY in Million
2 CNY
Estimates
Finances - Leverage
Fiscal Period: December 2020 2021
Net Debt1 11 063-
Net Cash position1 -116 121
Leverage (Debt / EBITDA) 0,06x-0,54x
Free Cash Flow1 160 159184 365
ROE (Net Profit / Equities) 28,1%17,9%
Shareholders' equity1 568 345834 050
ROA (Net Profit / Asset) 14,0%9,99%
Assets1 1 143 7251 497 211
Book Value Per Share2 74,290,1
Cash Flow per Share2 20,122,7
Capex1 33 96038 476
Capex / Sales 7,04%6,51%
Last update 03/24/202106/18/2021
1 CNY in Million
2 CNY
Estimates
Balance Sheet Analysis
Financial Ratios
Size 2021e 2022e
Capitalization 4 768 500 M CNY -
Entreprise Value (EV) 4 652 379 M CNY 4 558 475 M CNY
Valuation 2021e 2022e
P/E ratio (Price / EPS) 32,5x 27,7x
Capitalization / Revenue 8,07x 6,70x
EV / Revenue 7,87x 6,54x
EV / EBITDA 21,8x 18,2x
Yield (DPS / Price) 0,32% 0,37%
Price to book (Price / BVPS) 5,56x 4,66x
Profitability 2021e 2022e
Operating Margin (EBIT / Sales) 31,0% 30,6%
Operating Leverage (Delta EBIT / Delta Sales) - 0,93x
Net Margin (Net Profit / Revenue) 25,3% 24,7%
ROA (Net Profit / Asset) 9,99% 10,2%
ROE (Net Profit / Equities) 17,9% 18,1%
Rate of Dividend 10,4% 10,2%
Balance Sheet Analysis 2021e 2022e
CAPEX / Sales   6,51% 5,75%
Cash Flow / Sales 36,6% 34,0%
Capital Intensity (Assets / Sales) 2,53x 2,42x
Financial Leverage (Net Debt / EBITDA) - -
Price Earning Ratio
EPS & Dividend